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Mr. Zen

03/04/10 11:26 AM

#26942 RE: Mugunga #26941

Mugunga: Kat was ready to move this property forward since 2006, however it takes cash to drill and the money was not available for them to proceed. Now that fiananciers have given them $1 mill and a promise of up to $5 mill they have the financial strength to carry out a drill program as soon as possible, The first set of holes is rumored to be 6 holes on the Handcamp outcropping.

we should see drilling announcements within about 6 weeks I would think.