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Tuesday, December 07, 2010 2:04:37 PM
Property centrally located in Nikopol mining district with road access and electrical power close-by.
282 drill holes for 93 km of core with 11,764 assays of ore zones
Exploration shaft to a depth of 168.4
Gold zones are tabular near vertical veins hosted in altered mafic and felsic volcanics with interbedded iron formation
Drilling of mineralization today concentrated on 100m by 150m grid to a depth of 450m
Deepest intersection of zones at a depth of 700m
Average grade of mineralization: 5.71 g/T Au
P1 resource = 6.5 million tonnes with 1.3 million ounces
P1 + P2 resource = 10.1 million tonnes with 1.8 million ounces
P1+P2+P3 resource = 17.1 million tonnes with 3.1 million ounces
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