| Bobjo
September 19th, 2007 – Both partners were pleased to announce they had received the first results from their Phase 1 diamond drilling program on the Bobjo Mine Project. In a news release verified and approved by Geologist John Archibald, Member Association of Professional Geoscientists of Ontario (APGO), the companies reported that the first nine initial exploratory diamond drill holes cut through numerous high-grade gold bearing structures at or near surface. Recent stripping and washing also exposed a large quartz vein system that is open in all directions and at depth. It was noted that all nine holes reported intersected gold mineralization at shallow depths that could be amenable to open pit mining.
Highlights of this initial exploratory Phase 1 diamond drilling program include:
93.090 g/t Au over 0.20 metres
32.950 g/t Au over 1.10 metres
29.010 g/t Au over 0.30 metres
20.030 g/t Au over 0.50 metres
18.184 g/t Au over 0.50 metres
15.659 g/t Au over 0.50 metres
12.001 g/t Au over 0.50 metres
11.301 g/t Au over 0.80 metres
10.950 g/t Au over 1.40 metres
8.701 g/t Au over 1.10 metres
8.450 g/t Au over 3.40 metres
6.847 g/t Au over 1.00 metres
6.787 g/t Au over 0.50 metres
6.290 g/t Au over 0.80 metres
6.250 g/t Au over 1.50 metres
For the Full Diamond Drilling Results obtained to date at the Bobjo Mine Project, please access the following link: Full Diamond Drilling Results
The samples from the first five holes were analyzed by Accurassay Laboratories of Thunder Bay, Ontario. The remainder, including all future samples, will be analyzed by SGS Laboratory in Red Lake, Ontario. John Archibald, P. Geologist is the Qualified Person under National Instrument 43-101 for this project. Future assay results will be released once the information is received and coordinated with the drill log information.
Both companies are very encouraged with these initial high-grade gold results at very shallow depths and with the many gold intersections in the holes. Drilling is ongoing and will continue to test areas of this large quartz vein system that is open in all directions and at depth. At this time, the partners are also waiting for the assay results of holes 10 through 15 which will be released immediately upon receipt and verification.
The September 19th, 2007 news release also stated that a third larger diamond drill has also been brought to the property for deeper drilling once the majority of the veins seen on surface have been drill tested. The partners are fortunate to have two diamond drill rigs, a timberjack and bulldozer on the property belonging to King’s Bay. This gives the partners the ability to adjust and anticipate drilling other targets as they become available and to continue into a winter program. It was also noted that an existing power line passes through the southern part of the property and that the property is within trucking distance to the Placer Dome / Goldcorp Mill in Red Lake, Ontario.
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