Highly prospective exploration company

Resource projects cover more than 1,713 km2 in three provinces at various stages, including the following: hematite magnetite iron formations, titaniferous magnetite & hematite, nickel/copper/PGM, chromite, Volcanogenic Massive and gold.

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Message: Private Placement

Private Placement

posted on Apr 21, 2010 06:30PM

I contacted Fancamp today. PP is not expected to be closed by the end of this week. This is a larger financing, thus subscription will take more time to have it completed. She doesn't think there will be a new release regarding drilling results in C-1 target area till PP is closed. However, there could be a NR on exploration plan/actiities in other properties.

Two drills are turning. As you know, the first dilling was completed. She thinks the second drilling was completed (but not yet confirmed from Peter). The second drilling went for width. In my guess, this was like a step-out hole to see how wide the minerals are expanded from the first one. A good indication how things are going well in the background. It looks like the third and fourth drillings will be completed by early next week.

She will pass my request (NR on visual results) onto Peter.

I will contact Peter to get more details.

Cheers!!

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