Ann: Hog Ranch Drilling Update, page-5

To paraphrase from what has been announced,

1. They have confirmed the old drilling and interpreted mineralisation to the north west of the Bells resource confirming the gold is either at surface or near surface.

2. They didn't replicate the high grade intersection they expected at Cameco but they believe the the system is 10 times bigger than originally thought.

3. They will start geophysical work now to aid in targeting under that cover.

The three points are very important. The first is that it was important to upgrade the confidence in the Bells resource which is the first step before a feasibility study. No surprises so far. The second statement is that the system is massive but they are going to need some geophysics to help targeting gold concentration under cover and the third statement is that the geophysical work is already underway to target that boiling zone.