The following excerpt is from the May 15th MD&A filed on sedar.com. There are currently 17 drill hole core samples at the lab and 3 drill rigs operating at Bear Lake.
Excerpt:
"After a slow start-up in early February, due to the poor condition of the ice, a total of 21 holes for 10,518 metres
have been completed up to April 30, 2008 at Bear Lake. There are currently 3 drills now working on land at Bear
Lake. The $3.75 million, 43,000 metres drilling program planned in 2008 will continue to systematically test the
Bear Lake Gold Zone along strike and down-plunge to a vertical depth of 1,000m, using a 125m to 150m hole
spacing. This spacing will be adjusted as new assay results are received. Additional targets along relatively
unexplored parallel structures characterized by altered iron-rich rock units similar to those that controlled the
high grade gold mineralization at the Kerr Addison mine will also be tested in 2008. The Kerr Addison mine
located a few kilometers to the east produced some 11 million ounces of gold before shut down."
