It is apparent that Lori hasn,t worried about the sp for quite sometime now. There was lots of news over the last year that she could have released in NR,s, that would have given our sp a rise ,but chose to release this info on the website, where only knowledgeable/astute investors would find it.It is legal to do it this way, to get it in the public domain, and it satisfies the regulatories. If it weren,t for this board, most likely only a handfull of investors would have even known about these new developements. This may suggest that she doesn,t care about the sp because she is confident, evidence of that can be seen in the recent PP taken up largely by her.

I had said a few months ago that there was news we were waiting on regarding trenching done last year. I was wrong to the degree that it wasn,t released. It was, but, released through our website contained in the description of the Tesoro, here it is, and its what BOW was referring to last night about trenching.

TRENCHING

Upon receipt of Stage 1 preliminary Titan24 geophysical sections generated in the field, a small trench-sampling program was completed across a geophysical anomaly corresponding to the “structural corridor” in the vicinity of the A4 Vein in Zona Central. Twenty-two 3m-long bulk samples weighing about 30kg each were collected from 3 trenches testing a 100m strike length of the low-resistivity geophysical response. The trenches were aligned perpendicular to the long axis of one distinct low-resistivity anomaly and returned 50 to 1130ppb (1.13g/t) gold across an alteration zone up to 45 meters wide, including economically significant assays of 553 ppb gold across 9 meters (3 samples). The zone tested by trenching is 100 meters long, and further work is required to evaluate the much longer strike length indicated by geophysical responses.

Distinct alteration consisting of mm to cm-wide stockwork calcite veinlets with associated clay, chalcedony and quartz micro-veinlets was encountered in the trenches. Due to alteration, rock from the trenches is friable and most of the trench material naturally crumbles to less than 2 cm upon sampling.

Geochemically anomalous gold (50 to 1130 ppb, average 249 ppb) was detected in all samples of the alteration zone corresponding to the geophysical anomaly. Assays of potential economic significance (> 200 ppb gold) were obtained from all three trenches, including 9 meters of 553 ppb gold and 6 meters of 360 ppb gold in the longest trench, which spans 45 meters of alteration. In addition, laboratory tests indicate that 78% of the gold can be extracted by cyanide leach.

Recent trenching and sampling has shown that there is a subtle and previously unappreciated halo of carbonate alteration up to 40 meters wide associated with the low-resistivity geophysical anomaly adjacent to the C5 Vein at Zona Canchete and adjacent to the A4 Vein at Zona Central, which are separated by a distance of ±700 meters. Halos of carbonate alteration are common in mesothermal gold veins (Atlas of Alteration, G.AC., 1996). Samples of the carbonate-alteration zone (35 three-meter-long channel samples collected to date) are all gold-anomalous (>50 ppb gold), and include intervals (for example, 9 meters of >500 ppb) that are higher grade than the cut-off grade of oxide ore at Yanacocha (Newmont, 2008 year-end annual report).

A second program of trenching, utilizing Stage 1 and 2 Titan24 geophysical and remote sensing data, was initiated in the spring of 2011. As at May 31, 2011, 15 trenches totalling 1,200 linear metres have been completed with 215 samples collected over 5m sample intervals from the trenches at the Tesoro Project. The trenches were completed by a backhoe and a track-mounted excavator at Zona Central (Main Structural Corridor) and Zona Este (Parallel Structural Corridor).