There is lots going on currently. We should see an update from management in about 10 days to 2 weeks. All 9 holes for phase II have been drilled to depth and currently are being cut and logged. Assays are expected in 3 to 4 weeks as the labs are running slow right now with an influx of work with the start up a busy exploration season. We have a junior geo. on site with our senior geo. slated for return this weekend. Down hole imaging should be completed by next week and then a couple of weeks to sort it all out in anticipation of Phase III drilling which is scheduled for early to mid July. Regcourt remains the focus and management is happy with the progress to date. As we lie on the eastern strip of this prolific gold producing region there is alot of interest from surrounding companies as to what we are doing and what we are finding, especially in light of the impressive results we obtained with our first round of drilling. The anomolies outlined from phase I down hole imaging have been hit, now the big question is "What`s in there"...Is it the high grade yellow stuff we are all hoping for ??? Management remains very optimistic, and if the drill results from phase I are any indication then I would think the odds are very good. Overall everything is pretty much on schedule @ Regcourt and proceeding within the suggested timelines. The Nevada properties hold good promise aswell, as they haven`t been worked on in many years....prior to the discovery of the Carlin trend. Our geo. says the original shafts are dry so we can go inside and start mapping, there is much optimism about approaching these old forgotten mines with our new "Eyes in the ground" technology. Red Ore IPO is scheduled for July with a 30 cent PP and a 50 cent warrant...management is keen to get it done and get the money in the bank so they can agressively pursue the exploration on the newly acquired Nevada properties. With continued sovereign debt issues and a sputtering U.S. economy, no doubt interest rates will remain low for quite sometime. This bodes well for gold as it sets it`s new base here @ $1500 in preperation for it`s next bull run. With more than a few irons in the fire Galahad looks poised to take advantage of Golds continued strength and should reward it`s shareholders handsomely. I would suggest this is not the time to be selling. GLTA.....SS