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Re: Traderfan post# 3267

Tuesday, 01/24/2012 7:16:38 PM

Tuesday, January 24, 2012 7:16:38 PM

Post# of 4973
Glad to see progress. Releasing the assay results will show that they have completed step 1 of their phase I exploration program. We've been waiting a long time for this. Hope to see the other steps completed in a much timelier fashion. With a sense of urgency.

Phase I Exploration Program

The Company plans to commence phase I of its exploration program on the New York Canyon Project in July, 2011. The exploration program will involve the following:

Re-assaying the 2006 drill program Longshot Ridge drill pulps, duplicate samples, blank samples and standards by an independent ISO 17025 certifiable laboratory to determine proper quality assured copper values for these samples.
Revise Longshot Ridge resource estimate incorporating the additional information from the re-assayed values of the 2006 drill and systematic road cut samples.
Apply for permits to drill on and around the Longshot Ridge and adjacent copper oxide targets.
Apply for permits to drill the Copper Queen and Champion target areas.
Assess potentials of copper oxide systems similar to the Longshot Ridge at the nearby Power Line and Buffington mine workings.
Initiate further work on metallurgical testing and environmental base line studies for the Longshot Ridge deposit.