The Company is proposing a 2-phase, $1.18 million work program for ongoing exploration and development of the Ample-Goldmax Property. A detailed summary of the budget for Phase I is provided below.
|
Phase 1 Exploration Program |
|
|
Geology and Prospecting Work |
$77,000 |
|
Drilling |
309,100 |
|
Assay & Geochemical Analysis |
102,630 |
|
Site Clean-up |
5,000 |
|
Accommodation, Travel Expenses, etc. |
24,000 |
|
Trenching |
5,000 |
|
Data Digitization |
4,000 |
|
Other Cost Reserve |
10,000 |
|
Administration |
53,673 |
|
Total Phase I |
590,403 |
|
Total Phase II |
$589,597 |
|
Total of Phase I and II |
$1,180,000 |
Phase II work will consist of further diamond drilling on known structures; geochemical work on other sections of the Property; and geophysical programs on other sections of the Property. The Phase II program will be based on the success of the Phase I program.
