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Message: Extended drill program completed at Kena last month

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Extended drill program completed at Kena last month

posted on Jan 06, 11 01:42PM

There was a post on another board by DarynD, who stated the following:

I contacted the company:

We have just completed our extended drill program on the Kena Property (actually completed in December), and are currently awaiting assays from the lab. We anticipate that it will take a few weeks.

The Kena property has a NI43-101 resource of approximately 750,000 ounces of Gold in the measured, indicated and inferred category. Grade is 1.0g/t using a 0.5 g/t cutoff. We have recently identified a high grade corridor which based on our intersections averaged about 15g/t. This corridor could potentially be about 5 km long, but we have not put enough drill holes in there to determine a resource on the high grade Gold. We would like to raise funds to explore this further as we feel there is tremendous potential for a high grade and low grade operation on Kena. The gold soil anomaly is about 8 km long and we have only explored less than 3 km. There is also a copper zone that could have tremendous potential.

At present, we are aggressively pursuing joint venture opportunities and will also look at financing possibilities to accelerate our projects’ developments in 2011. As well, drill results from Kena should be back in a few weeks.

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