Ann: June 2010 Quarterly Activities Report , page-3

A lot of info to take in,but in short, it looks as they are confident of of a well defined mineral corridor at Woodline,with good chances of success with further drilling required.

At Thaduna, they feel that they could be on the edge of a large mineralised structure at Hole THR004.What must have all intrigued is the prospect of drilling 700 metres into the source Igneous rock at a cost of $250,000.SIPA, being a very conservative company, must feel the expense is worthwhile in light of their current interpretation of their data.

In summary,good results so far,but don't expect bells and whistle blowing from a company as conservative as SIPA-only results matter and I believe that good results are highly possible in at least one of their projects thereby reducing the risk of holding a junior explorer.

Exciting times have arrived!