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Re: mjkiii post# 11885

Tuesday, 12/13/2011 2:47:34 AM

Tuesday, December 13, 2011 2:47:34 AM

Post# of 26631
Ask him/her where are the reports on SEDAR??

March 8, 2011 News Release excerpt:

In addition to the above, the Company is currently working on the following to increase shareholder value:

* Upgrading to reserve status an additional 103,255 gold ounces (10.2Mt @0.32g/t Au, M&I category at a 0.18g/t cut-off) located within the Molejon pit.

* Upgrading to reserve status an additional 253,440 gold ounces (30.3Mt @ 0.26g/t Au, M&I category at 0.1g/t Au cut-off) from an area adjacent to the main pit. The Company is scheduled to publish a new reserve number upon completion of the Heap Leach Project scheduled to commence operations in the third quarter of this calendar year.

* Upgrading to M&I status its inferred resources of 966,294 gold ounces (185Mt @ 0.16g/t Au, 0.1g/t Au cut-off) from an area adjacent to the main pit.

* Upgrading to M&I status a newly calculated inferred resource from the Oro Del Norte Project totaling 276,383 ounces (18.1Mt @ 0.47g/t Au, 0.1g/t cut-off). The updated resource is scheduled to be released during the third calendar quarter of 2011.

As previously announced January 4, 2010, the Company is advancing its Heap Leach Project. Work has progressed to the final engineering and design stage, which is being completed by independent consultants including METCON Research (an affiliate of KD Engineering Ltd.), Knight Piesold Ltd. and Gramsa S.A., all working in conjunction with the Company's mine site personnel. Final engineering and design has commenced and is planned to be completed in March 2011. Construction of the associated infrastructure commenced February 2011 to take advantage of the traditional dry season in the Republic of Panama.

Mr. Mike Martin, Mining Engineer, a Qualified Person as defined by National Instrument 43-101 and Project Manager for Behre Dolbear Inc., has been overseeing the resource and reserve estimate update. He is ensuring that the appropriate quality assurance protocols are being followed and that the data has been qualified under strict quality controls. He has reviewed and verified the technical mining information contained in this news release.

All reports will be filed on SEDAR.

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