Still holding $17M in the bank, so no problems to be encountered...

Still holding $17M in the bank, so no problems to be encountered with bringing railway deposit to the measured status and completing current exploratory drilling programs.

On JJ [perhaps the announcement should of read "Itabirite" NOT Itabrite], due ot its fine quartz like composition benefication seems to be a relatively straight forward process. At least from what is available on the web.

Itabirite is a term widely used in Brazil to denote a metamorphosed iron formation composed of iron oxides (hematite, magnetite, martite), abundant quartz, very rarely mica and other accessory minerals. It may be schistose or compact. The un-enriched itabirites from the Quadrilátero Ferrífero tend to have little magnetite and comprise principally quartz-hematite, quartz-hematite-carbonate and hematite-carbonate.