Mapping and sampling, which has taken place since late January 2013, has noted numerous northeast/southwest fault structures with weak alteration.The Company has also initiated an orientation induced polarization geophysical survey expected to be completed by the end of April 2013. This survey will build on previous work and provide both a deep and shallow look at the anomaly. The Company's President and CEO, Mason Douglas, speaking about the current geophysical work, stated, "I am very excited about this new discovery and this particular phase of exploration. Results continue to offer evidence for the potential for a large copper-gold system. This next phase of geophysics will be integral to the design of our planned summer drill program that in turn will offer an enhanced look at what we believe are potentially sizeable targets." The summer drilling will include first round exploratory drilling in the southern portion of the Project to test the edge targets as well as the central portion of the magnetic high. Additionally, several holes may be drilled to test mineralized extensions encountered in the 2012 drill program.
|Hole ID||From m||To m||Interval m||Cu %||Au g/t||Other||Host|
|incl||3.0||6.1||3.1||572 ppm antimony (Sb)|
|CPR11||7.6||16.7||9.1||2.42||93.6 g/t Ag||jasperoid, skarn|
|incl||42.7||45.7||3.0||8.92||24.8 g/t Ag|