Greg indicates that a financing is due soon around $0.50 and this will hold prices down for a few weeks. However in addition to the 3 good holes already reported, there are 4 more holes to report which should intercept the gold bearing structure in all of them.

He goes on to indicate that "while the 11 meters of 9 gram gold is very good and shows we are hitting a high grade structure, it is not quite wide enough compared to the glory hole of Lakeshore Gold when they hit 80 meters of 12 gram gold. We appear to be getting closer and closer to something more significant as the drills are moving towards the Lakeshore Gold boundary which is 1000 meters away from where we are currently drilling. As we continue to drill towards the Lakeshore discovery the gold bearing structure we are hitting seems to be getting wider."