Ann: Phils Hill Drilling Commenced, page-101

GT3,

The company has all along said that PHILs HILL was an equal with GONNERVILLE (JULIMAR) in its comparable readings of the 2. This is what has given hope that soil samples that were better than CHNs and the Seimens readings of equivalent value between the 2 were a sign that there is something definite to be found. Just on the comparable evidence alone and with the results from CHNs discovery, you need to ask how can there not be something of value to be discovered beneath PHILs pot belly.

At different times management have highlighted their delight and exhuberence at each stage of exploration at their findings. Remember the quotes given out by the company in anns, compelling, high priority, Tier 1.etc. more than once.

PHILs HILL is only the start to PURs adventure trek of CAL EAST, we have the rest of PHILs snake to explore and just up the road is that fat juicy reading of OPEN TO THE NORTH OF PHIL along the 24km trend of 3410 ppm CU and 1040ppm Ni.

A lot more drilling to be done exploring the snake we have invested in, very exciting prospect to have a bit of fun in.