Indocan Resources Inc. (IDCN)

[cdmac11]

This appears new under Management Discussion:

We have a "Head Frame" project in NW Ontario. A shaft exists from previous mining efforts that will eventually be a target of ours. The high grade quartz ore body has varying quantities of visible gold. We plan to take samples for a few years to both quantify the claims and to produce sustaining yields to fund operations.

Crushing and concentrating can occur onsite with processing available nearby from multiple sources. Eventually we will have a few of our own buildings on the property.

Re-open the shaft or digging a new one will occur in time. Normally an effort like this is a five year start-up series of phases. Phase One is trenching the surface with the target of finding the old shaft. We will begin this process yet this winter.

Working closely with a geologist we will design the Phase Two program that will include samples to be run and filed with the provincial government in Ontario.