Significant gold resource - Excellent infrastructure

Camino Rojo Mexico : In-situ - 4.0 million ounces gold; 68.32 million ounces of silver.

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Just a quick post between meetings. I have not been able to look at them in detail but here is my take.

First, the markets for juniors is under a lot of pressure today. Markets in Asia got pounded yesterday and I think a lot of people are very nervous today.

Second, the results to the west (12, 13, and 14) are pretty stupendous. The only problem with CR-13 is that it terminates at the north property boundary (Time for a JV).

Third, the results to the east were an unkown to start with. It would appear that CR-19 went through the fault zone and hit mineralization which is better than I hoped for. CR16 and 17 have lower grades than expected especially in the base metals. I haven't had time to figure that out.

Holes 15 and 20 increase in grade at depth and end in mineralization. The down side is that they point to the depoist being open to the north (which we don't own).

12, 13, 14, 15 and 20 indicate additional depth to the east and that the deposit is open to the east.

Overall it looks pretty good to me but the money is in the details. So maybe the market was looking for more or maybe its just another not so good day to release results.

.... Been There

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