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Joint venture with Cliffs Chromite Ontario Inc.

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Message: Golden Ridge

Nice map of Golden Ridge drilling on latest press release. Assays received are only up to Hole 40. Map shows holes numbered up to 60. Roger Dahn says that these last samples are on rush at the assay lab and will be released shortly.

They needed to do this drill project fast in order to meet the option requirements of Cliffs (Freewest) and to retain the property.

Reasonably good grades and widths given the price of gold these days. Gold was still at $300-400 when the last drilling was done - gold prices were not good enough at the time to justify continued work. But now they are.

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