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KastelCo

09/30/04 4:17 PM

#11226 RE: Sexton O Blake #11225

Don't get excited... I only sold half LOL...
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Frank Pembleton

10/18/04 1:39 PM

#11573 RE: Sexton O Blake #11225

Highlights of the AQI Scoping Study include:

- In the Indicated resource category, gold ounces increased by 276% to
602,540 ounces and silver ounces increased by over 300% to 5.6 million
ounces
- Average annual production in the initial four years of the operation
at 97,000 ounces of gold and 580,000 ounces of silver.
- Current project mine life of 7 years
- Average cash costs of US $191 per ounce
- Capital costs of US $43.5 million
- Project internal rate of return of 20% (base case)

http://www.newswire.ca/en/releases/archive/October2004/18/c1450.html