Here's what he had to say.

On the China project. Newport will begin drilling this summer. Richard has received a bunch of info on the project and he said it looks good.

On Windfall project. He said it is coming along. The Ramo has been started and they are going underground now. By the end of June they should be able to hit the first zone.

I asked why they were two announcement on the Bold property. He said one was by Bold and the other by Noront and he mentioned Hawk. I asked which of the two he liked better and he said they were both good.

I asked how much Money we have in the bank and he said he didn't know exactly but there was plenty.

On the Double Eagle project. He said he is frustrated that it is taking so long to get results. He said that there is a new lab going up near the airport in Thunder Bay and Noront has invested money in it. He says they are doing prep work on samples there now and expects the equipment to go in early May. He said that once it is up and running we won't have to wait months for the results and we'll get them a lot sooner.

I asked how many drills we had at DE and he said 3. I asked if they were all at DE or loaned to other projects and he said they are all at DE being used by Noront. He said one drill was at DE2 one at AT3 and he wasn't sure about the other.

I asked if we had a DE3 and he explained the following. The project and area is called Double Eagle. We've found ore bodies in two arears and they are called DE1 and DE2. We are currently drilling at AT3. He said the AT comes for the Air surveys they did (I can't remember the exact term he used). So once they find an ore body it will be changed to D3. I asked if there was a AT4 and AT5 and he said they are reviewing this now and cutting lines to go in and drill.

I asked how many people we had at the camp and he said 80-90 right now.

I asked about the 43-101 and he said that it is progressing but they need do drill more holes for the width. I said when will it be ready and he said another month to month and a half it should be out. he said the more holes we drill the more we'll find to increase tonnage. I aske dif he had aguess on what we have up to now and he said he didn't.

I asked if there were any issues that wouldbe of concern and he said none. I asked if it was still blue sky and he said yes it's all blue sky. Then he said we know we have great potential up there and it will take some time to prove it.

I asked if we were stopping at all during the summer as it gets wet up there and he said no we will be drilling all summer.

I left the conversation at this stage and thanked him. About 5 minutes latter I had forgotten to ask about the warrants so I called back but he had gone to lunch so I asked the receptionist if the warrants were going to be excersised and she said they would not know until the date is due. Sorry I couldn't remember to ask Richard.

So there you have it folks. Still blue sky and we need to be patient as Richard told me during the conversation and the fact that we know we have all this potential.

As you all know I'm still holding after all these years.

GLTA and hang in there. It takes time to build and good company with lots of value. Tcp