Part of the motivation behind the recent exploration work at Schaft Creek comes from discoveries at our neighbour's properties. From the Annual Information Form:

"The recent discovery of high-grade copper-gold mineralization at depth below the Red Chris porphyry deposit located in northwest British Columbia has changed the thinking related to the possibility of finding deep higher grade mineralization below what typically was thought to be moderate to low grade porphyry deposits."

For this reason, I am watching for news on several properties near Schaft Creek. I don't view good results from them as competition. Instead, good results from them further prove the incredible value to be found within the Golden Triangle.

NGex Resources - GJ Property

- Located NE of Schaft Creek

- 10 drill holes completed in 2011 (4307m)

- Results due this month

What's interesting is this work was completed by Teck. By spending 44M, Teck can earn a 75% interest in this property. Don't worry, this property is years behind Schaft Creek so it poses no threat.

Paget Minerals - Ball Creek Property

- Located East of Schaft Creek

- 8 drill holes completed in 2011 (1146m)

- Results due this month

Bolero Resources - Red Chris South Property

- Located NE of Schaft Creek

- 4 drill holes completd in 2011 (1396m)

- Results pending

Imperial Metals - Red Chris

- Located NE of Schaft Creek

- Drilling program started in August

- Results pending