During the summer 2007 field program, 111 soil samples were collected and analyzed for gold and multi-element ICP. Sample grid lines crosscut a prospect of interest near Highway 99 in the area of the Ample-Goldmax Zone. Approximately 5 sample lines up to 100m in length were sampled at an average spacing of 5m, although in some instances 1m sample spacing was utilized. Preliminary results show anomalous gold values ranging from 8.5 parts per billion (ppb) to 370.8ppb, with 4 samples within a 10m zone near the highway yielding more than 300ppb gold.
With repetition and standards removed, the remaining 106-sample analysis included 21 samples showing gold values above 100ppb gold, or 20% of the samples; 44 samples above 50ppb gold, or 41.5% of the samples; and a total of 86 out of 106 samples above 20ppb gold, or 81% of the samples.
The statistical significance of these results cannot be estimated without a spatial analysis and evaluation by a geoscientist trained in geochemical statistics. Therefore, an updated interpretation of soil anomalies in relation to geology is expected when the data is accurately plotted on a compilation map of geological units, alteration zones, and structural features, and a statistical analysis has been completed.
Even without a rigorous study, however, the geochemical sampling has encountered anomalous gold in soils in the area of the Ample-Goldmax Property sampled, indicating potential gold-bearing bedrock nearby. To this end, the Company is initiating an exploration program to expand on more than $1.0 million of previous drilling, geological and geochemical work done by Homestake and others in the 1990s, with the objective of further defining the anomalous Ample-Goldmax Zone.
