Ann: Assays and Drilling Confirm Magnetite Qualit, page-11

re: Ann: Assays and Drilling Confirm Magnetit... Looking at the results of melombo

They are currently being assayed. Two from 002 and 007 were assayed which demonstrated 17 - 22% Fe which is better than finding none. It took about few months to get these results out and still not all are revealed. Now they have moved to the next locations. This will take time. There still is good volume at 3.9c to 4.1c. So there is still some interest. there are still another 10 -12 locations still to come. The is still opportunity, however this market will not support a positive sp at present especially if there will be a lag period to bring the next results.