| Bobjo
October 25th, 2007 – The partners were pleased to update their shareholders in a news release on a number of new developments at the project. In it, they reported the acquisition of another 164 claim units totaling 6,560 acres by way of staking to the north and south of the existing land package. These acquisitions were made immediately adjacent to the existing land package. The Bobjo Mine project is now comprised of 259 claim units totaling 10,360 acres which almost triples the size of the land package for this high-grade gold project. The partners also reported that an extra diamond drill rig is now on site and that a winter camp had recently been set up. This additional diamond drill brings the total number of diamond drills on site to four (4). The partners also reported that the diamond drilling was progressing well and they were presently drilling Hole #27. It was noted that the diamond drilling will continue to test areas of the large quartz vein system that is open in all directions and at depth. They also noted in this news release that they were waiting for the assay results of Holes #15 through to #20 and the remainder of Hole #14.
October 23rd, 2007 – The partners reported in a news release that they had just received more results from the Phase 1 diamond drilling program. It was noted that Hole #14 intersected a new gold zone returning 1.56 opt gold over 8 feet (53.61 g/t Au over 2.45 metres). Specks of visible gold were observed in this intersection.
For the Full Diamond Drilling Results obtained to date at the Bobjo Mine Project, please access the following link: Full Diamond Drilling Results
The October 23rd, 2007 news release also noted that the partners were at that time also awaiting the results from a 40 ft heavily mineralized quartz carbonate zone that was found deeper in the hole. The mineralization found therein is mainly comprised of pyrite, pyritite and some chalcopyrite. This intersection was sent to SGS Canada Inc.’s laboratory to be analyzed for gold and 32 elements using the (ICP) method.
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