what's next for ayn shareholders?

What we have to look forward to beyond the JORC Upgrade and commencement of production of leach pads silver. This is listed in the 22 October 2010 Annual Report so it is up to date for shareholders.

The following is my favourite paragraph from the recent Annual Report: The new exploration program has opened up exciting new growth opportunities for Alcyone and can be run in parallel with plans to resume mining operations and silver production at Twin Hills. Any success delineating new resources could open up the potential for significant new development opportunities in the Texas region alongside the heap leach silver operation.

Also from the 22 October 2010 Annual Report:
"Preliminary reviews of the tenements at the Texas Project Area highlighted significant exploration potential. Importantly, the updated Mineral Resource inventory includes the Mt Gunyan deposit, located approximately 4km by road from the east of Twin Hills Mine, and incorporates the results of the 2008 drilling programme which successfully in-filled and expanded the mineralised zone. Following a detailed review of the Companys 275 km2 tenement package which identified a considerable number of targets, Alcyone announced plans in May 2010 to commence a new exploration initiative designed to unlock the broader exploration potential of the Texas Project. The aim of the program is to test for epithermal and massive sulphide base metal mineralization and to increase the existing inventory of heap leach silver resources.

Four high priority base metal targets and two heap leach silver style targets have been confirmed from the review. Alcyone has also confirmed the presence of two distinct sedimentary sequences within the project area.

Both these sequences host epithermal-style mineralisation that is analogous to other known epithermal systems such as Cracow and Pajingo. Work will initially focus on the nearer surface Silver Spur Beds with the deaper seated Texas Beds subject to longer term review. The new exploration program has opened up exciting new growth opportunities for Alcyone and can be run in parallel with plans to resume mining operations and silver production at Twin Hills. Any success delineating new resources could open up the potential for significant new development opportunities in the Texas region alongside the heap leach silver operation.

Drilling has already been undertaken at Harrier and Mt Gunyan with the aim of verifying and extending known copper, silver and polymetallic mineralisation. This will be followed by drilling at Hornet, Silver Spur, Tom Cat and Tornado which are all subject to further technical reviews to finalise the targets."

As posted yesterday, and in addition to all of the above exciting news, November has arrived and the JORC upgrade is approaching. Also the production of leach pad materials is expected Q4 2010.

Newminer.