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Saturday, 11/05/2011 8:27:50 AM

Saturday, November 05, 2011 8:27:50 AM

Post# of 173216
Email response from Tracy

I asked Tracy a couple questions regarding the last NR.

Hi Tracy,

I have a question on the latest news release. Sounds like there is a great deal of analysis work underway.

There is mention of ZTEM being carried out shortly. It was my understanding that ZTEM would only be carried out once financing is received from a partner/investor for the Arizona region(s).

1.)Is that correct? Is ZTEM dependent upon new financing?
2.)IF ZTEM is expected to be carried out shorly, can we infer that Mr Briscoe is confident he’ll have that financing shortly?



Her response:

Yes and yes

Sent from my iPhone

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