At Blackwater, we continue to find more gold. We announced an updated mineral resource which increased the resource to 7.1 million ounces of indicated gold resources, plush an additional 2.5 million ounces of inferred. Since acquiring the project in mid-2011, the indicated resources have increased by almost 300%. We are excited with the progress being made at Blackwater, and are focused on the completion of the preliminary economic assessment in September.

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