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Tuesday, August 16, 2011 11:48:52 AM
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OUTLOOK
As the Company continues to ramp up production at the Mineral Ridge Project, minor challenges continue to be dealt with without sacrificing the quality of development work. Mineral Ridge continues to meet all its operational plans and as the gold bearing heap leach pad matures the processing of gold continues to increase. Currently, the Company has made its ninth shipment of loaded precious metals carbon from the Mineral Ridge project to be custom processed and refined for sale. Mining officially began on May 31st with 22,700 tons of new mineralized material grading 0.066 ounces per ton gold being mined and placed on the pad in June. Stable mine production is expected to be reached in late August of this year and continue to track positively for the remainder of the year. All permitting is in place for planned exploration drilling at Mineral Ridge with the Coyote drill exploration program completed (assays pending) and the Solberry target just starting to be drilled. The Company continues to advance on all fronts which include stable exploration, development and gold production as it increases the rate of Mineral Ridge mining and the gold processing throughout.
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