Ann: Exploration Update, page-14

The results may not be spectacular but they are not that bad. Not every drill project is going to turn up a bonanza. As far as I understand it the mineralization is dispersed in veins and it is a question of not only of locating quality but also of quantity. i.e. what is the total resource and will it be econimical to mine. My understanding is that it will be relatively cheap to mine if there is sufficient quantity and also of course if prices hold up. Still early stages and a lot of drilling and assessment to be done but the indications appear still positive. I will contine to add at these prices as I still like the potential upside.