drilling expected

Hello reyers,

just a quick note to let you know we can expect some ann shortly regrading the progress of planned drilling and sampling for the march quarter...

Copper Hill is scheduled to occur in the March Quarter 2007 the aim of identifying near-surface resources quickly.

deep diamond holes will also be drilled at selected sites to test for sulphide mineralisation in the deeper Punta del Cobre Formation.

Punta is a wierd formation that isnt very understood by the best geo's however this formation is massive and rich and several working mines operate throughout.

Humito...the big one.

Some geophysics, mapping and sampling is planned in February- March 2007. ann: may come soon re: JV

Liveringa Coal Project
approvals expected for the coal

along with the The Gujarat Agreement which rey is receiving a 10% interest in by farming out the 2 permits to Gujarat in receipt of 4.5m over 5 years for their Coal /Gas Project and Petroleum permits.

rey has allot going for them and ive said it before at 9-10c its a bargain...they got ann: coming and planned drilling commencing with in the next couple of week.

+ rey still has plenty of cash...

cheers...