Final report on reduced mineral tenement EL 27961

Abstract

The prospectivity for any substantial ore body at Priester's appears to be low, though AMI's sampling does suggest that the (subordinate) mineralised veining does extend, at least partially, or discontinuously, beneath the main barren white quartz vein. Shallow drilling - probably to no more than 2 to 4 m depth - through this vein might test for such mineralisation. Thickness, grade and continuity are likely to be very variable, though, so the probability of defining a resource appears low. Based on our exploration results in the current and previous years, we have decided to partially surrender this exploration licensed area, by reducing almost half in area size. This will allow us to better focus on more prospective areas, and optimize the fund usage in order to achieve targeted results in the forthcoming years.