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doc4261

12/07/10 5:52 PM

#18622 RE: doc4261 #18621

that was only 1/3 of area,

The 1997 GEMCOM results, based on less than one-third of the drill holes, yielded a combined volume of Proven and Probable gold and gold-equivalent silver ranging from 2,803,970 ounces Au with an average grade of 0.026 opt to 7,600,000 ounces Au with an average grade of 0.012 opt Au. Cutoff grade in all cases was 0.005 opt Au. The area analyzed also included the 2006 DBA Blocks A and B. These blocks were based on drilling density, thus the volumetric estimates are open in all four horizontal directions and vertically.