In July, Greencastle completed a seventeen hole drill program for a total of 2,702 metres on five separate target areas, at the Jewel Ridge gold property in Nevada.

At the Hamburg area target, three holes tested the extensions of the gold mineralization in sanded dolomite near the Hamburg-Dunderberg contact identified in 2004 in holes HRC-11 and HRC-13. One hole intersected anomalous, but uneconomic gold, values over 22.8 metres. Two holes tested for carbonate replacement-type (Au-Ag-Pb-Zn) mineralization along a NE trending fault just south of the former Croesus mine to the north of the Hamburg area, with negative results. Further to the east at the Lost Jewel prospect, three holes tested for stratigraphically controlled gold mineralization in Goodwin Limestone which is the main host rock for gold mineralization at Barrick's Ruby Hill Archimedes mine some 5 km to the north, but returned no significant values. At the north end of the 3 km long silicified and brecciated Silica Ridge target near Windfall Canyon, where chip samples by earlier explorers returned values up to 4.2 g/t Au, all three holes returned low gold values.

At Magnet Ridge, in the NW corner of the claim block, gold occurs in strongly oxidized zones associated with silver, lead and zinc in pods of carbonate replacement in the Eldorado Limestone. Six holes were drilled with the best values occurring in GR-07-15 which returned 1.22 g/t Au over 6.1 metres at a depth of 32 metres.