friday, page-9

From the June quarterly, here is what we are waiting for:

"Aggressive drilling resumed at Paris silver prospect

Drilling restarted at Paris mid-May after review of earlier high grade drill results:

Two drill rigs completed 29 holes for 5,002 metres in June quarter; Assays awaited...

Paris silver prospect

Drilling recommenced in mid-May initially with three large diameter PQ diamond holes PPDH007 – 009. (see Figure 2 for locations of new drillholes). These holes were drilled at various angles for a total of 342m on Lines 7, 6 and 2 to achieve better geological information and assay checks of prior high-grade intersections.

Five other diamond holes (PPDH010, -011, -012, -013 and -015) were completed for a total of 1,521m, largely testing for mineralised feeder structures under prior intersections. The holes were collared at 60 degrees angle to the surface.

PPDH012 intersected several sulphide zones of 0.5m to 4.5m downhole width in brecciated dolomite host rocks, supporting the concept of such deeper mineralisation drawn from similar epithermal and carbonate replacement deposits.

Other narrow sulphide zones were intersected by the diamond drilling that await assessment. Cutting and assaying of the new core is being held over until full geological assessments are made.

Difficulties with precollars left three planned diamond holes yet to be drilled on the western ends of Lines 7, 8 and 9.

Another rig completed 21 RCP (reverse circulation percussion) holes (PPRC044 – 064) all at nominal 60 degree angles for a total of 3,139m. The one metre RCP samples were submitted for assay with results still awaited.

Ways of speeding up the assay turnaround were considered with the original laboratory reselected for technical and cost reasons."