Replies to post #23 on Calais Resources (CAAUF)

[kudos2u]

NI 43-101 Technical Report on Exploration
Calais Resources Inc.
Manhattan Project
Nye County, Nevada, US

http://www.calaisresources.com/en/reports/Manhattan_NI_43-101_Exploration_161804_MLM_20110210.pdf

[kudos2u]

R. David Russell – Chairman / CEO / Director
One of the major shareholders of Calais Resources.
Previous President/CEO of Apollo Gold Corp., as well as a director and founder.
Thirty-plus years experience executive management at Asarco, LAC Minerals, Barrick Gold, Getchell
Gold Corp.
Holds Directorship positions at General Moly, Pure Nickel, & Fire River Gold
BS degree – Mining Engineering, Montana Tech Experience and Industry Leadership

Calais Resources Management Team--

David K. Young – President / COO / Director
Has over 28 years of underground mining experience in operations, engineering, mine and corporate
management.
ASARCO – Black Cloud Mine (CO), Troy (MT), Galena & Coeur (ID)
Apollo Gold Corp. – Montana Tunnels (MT), Florida Canyon (FL); Black Fox (Ontario, Can.)
Registered Professional Engineer, State of Idaho; 43-101 qualified person for Calais
BS degree -- Mining Engineering, Colorado School of Mines

Thomas Hendricks - Vice President Exploration / Director:
Has over 38 years of mining experience at Cross/Caribou, and was President of Hendricks Mining prior
to merger w/ Calais in 1999. Past President of Calais Resources
Experienced small mine operator and geologist
Numerous awards for environmental stewardship & community service.
Served(s) on several state and local boards for reclamation of historic mining properties.

[kudos2u]

Colorado Assets

Cross / Caribou Mines - Nederland, Colorado

Started in 1869 – Historic Production - 20 million oz of Silver & 500,000 oz of Gold
Historic Resources (PAH - 2002)

Measured & Indicated – 443,000 tons
Gold - 0.57 oz per ton (19.5 gm / tonne)
Silver - 18.3 oz per ton (627 gm / tonne)

Asset Summary

Inferred – 579,000 Tons
Gold – 0.29 oz per ton (9.93 gm / tonne)
Silver – 7.49 oz per ton (256 gm / tonne)

Measured, Indicated & Inferred – 1,022,000 tons
Gold – 0.41 oz per ton (14.0 gm / tonne)
Silver – 12.2 oz per ton (418 gm / tonne)

Identified Over 100 near vertical veins – true widths between 3ft (1m) to over 20ft (6.1m)
Based on 175,000ft (53,500m) of core drilling and extensive underground sampling
Land Position - 500 Acres Patented and 1800 Acres Unpatented

[kudos2u]

Correction from my first post:

I wrote

Sitting now waiting to hear the next step, but these are dummies who run and own significant share of this company. Here are some recent opinions on the company from theaureport.com website:

And I obviously meant to say "but these are NOT dummies"