mt norma, page-3

Virtually in the beginning stephenk to establish cash flow in the region of $5-$10 million for starters.There were some technical issues with the plant and design and these people were committed to fixing the problem at no charge for labor and low cost to plant upgrade.

Has anyone read this article below before?Part of a transcript i found on FNN.

Note:We just formulated a company called Cloncurry Gold Fields and the reason why we said it is not just our gold fields; we have got two of them - the Cloncurry Gold Field and we have got the Pumpkin Gold Field and there are other strike lines.This is mentioned below.



Lelde Smits: To your Gilded Rose Project, what is the size of the JORC Resource there?

Howard Renshaw: The first Resource we have come up with is 19,000 ounces at an average grade of 4 grams. The strike line is over 2 kilometres long. We are going further down where the old timers put down shafts and where the cross faults are, and we are holding high hopes that we can add very quickly and substantially to this Resource.

Lelde Smits: Is further drilling planned here too, and what are you looking to define?

Howard Renshaw: Yes most definitely during this coming season, at least 5,000 metres stage 1 and obviously we will go on and on and on. Its 2 kilometres long this strike link, we have got cross faults, we have got previous shafts there. We want to increase this Resource more, very quickly to see if we can get up to 80 -100,000 ounces. However, the plant on 20 to 25,000 ounces is a production year and that is on care and maintenance.

Lelde Smits: What does this bring your total JORC Compliant Resource to in the area?

Howard Renshaw: Well 108,000 ounces at the moment and that is going to grow and our target Resource is moving towards 250. And if we can get our neighbours in, we are well aware of their Resources, you know that will be not only achieved through that, but a lot higher. And combining that together it makes a very robust area. We just formulated a company called Cloncurry Gold Fields and the reason why we said it is not just our gold fields; we have got two of them - the Cloncurry Gold Field and we have got the Pumpkin Gold Field and there are other strike lines. We have some; neighbours have got some, try and combine this together at Mt. Freda and Gilded Rose.