Ann: Drilling Update - Crescent Lake Canada, page-44

Hi Straus, the surface drilling I was referring to is into known high grade at Halls Peak, a total waste of money in my opinion.

If I had to choose between the drill programmes at Adrah and the deep hole at Halls Peak I would choose Adrah because we know it will be good, it's just a matter of how good.

But if were up to me I would do neither. The mount A tenements have alluvial gold. I would get approval for a bulk sampling programme of about 10,000t and have it processed at Macquarie Gold's plant.

The proceeds of which I would use to fund an appraisal licence and continue to mine using the surplus cash for drilling.

Once the alluvial deposits are depleted we would have paid off a small scale modular processing plant and proceed to open cut or underground mining depending on the geology.
Vision, something our current board lacks.