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Re: Tackler post# 991

Saturday, 01/06/2007 11:31:25 AM

Saturday, January 06, 2007 11:31:25 AM

Post# of 1163
Drill holes with assays pending or in progress include CP-06-87 which was also drilled on Section 9582900N and has intersected similar stockwork and banded epithermal vein mineralization as CP-06-83 and 85.

On Section 9582800N, drill hole CP-06-90 is in progress and has intersected significant epithermal stockwork veining and brecciation with visible gold immediately below the Suarez formation conglomerates. At depth the hole has intersected a large-banded epithermal vein interpreted to be Vein 1.

Another 800 metres farther south on line 9582000N, drill hole CP-06-91 is testing the southern continuation of the FDN system (south of the Hollin sandstone hill) and the recent interpretation that part of the system may diverge from the Bonza-Las Penas epithermal deposit. Encouragingly, the drill hole has intersected a zone of vuggy silicification within the conglomerate interpreted to be caused by hydrothermal fluids. The hole has yet to reach the underlying volcanics.

Infill drilling in support of a National Instrument 43-101 compliant mineral resource estimate is also progressing on the FDN deposit, with drill hole CP-06-89 completed on Section 9583200N (assays pending) and CP-06-92 in progress on Section 9583600N. Both holes are designed to extend the mineralization down-dip to the west and both have intersected broad zones of epithermal stockwork veining and brecciation with visible gold.

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