agm and other updates, page-5

maffsmark1

it might be an idea to look up old news, and a good starting point would be the last quarterly, where they stated that 60% of the soil samples (mmi) had been collected , which included significant soil anomolism around the centenary prospect. there is a good chance that these results may have been used to plan the 12 hole drilling program

an even older report (july 2007) the company announced that it planned to drill 4 holes to test for down dip extensions of some high grade shoots.

in one of fs posts,. fs stated the following

Historically the old Centenary workings produced 3,595 oz of gold with an average grade of 12.9g/t Au. Recent drilling has identified a series of stacked high grade ore shoots returning 3m @ 167.2g/t Au and 4m @ 16.2g/t Au (CGRC002), and 4m @ 34.3g/t Au (CGRC005)..

all of that looks very exciting, but when one has a look at the results in an even older report (look at the "centenary results" august 2004), then one gets an idea of the real situation.. fs reports some high grade, and seemingly inpressive drill results ffrom hole cgrc002, but a hole (cgrc003) drilled within 1 metre, gave a totally different result with a best intercept of 1 metre at 36gm per tonne

fs shows a 4m intercept of 4m at 34 g/t in hole cgrc005, but then there is another hole which was drilled 2m away, gave a best result of 1m at 2g/t (see hole cgrc007)


it seems that if the drilling is one metre of target, it could miss the lode. talk about targeting a "small footprint" deposit. in the august 2004 report, the company states that the shoot is between 1 and 4 metres wide - ie average 2.5metres. mineralization in this type of environment tends to be quite sporadic.

frankly, there is no need to get all that excited by the drilling - but of course, things can always be different. wait and see would be the best strategy, it would take several small footprint deposits before the market gets too excited over this prospect