Further to my discussions with Jim Voisin this afternoon, he said that the joint venture partners SPQ/KWG will have a drill rig in position (3 kilometers from NORONTS strike) in January 2008.  SPQ will be using their $2m from the recent PP for the drilling - and Jim said "If KWG uses their $2m, we will have $4m total for operations."

I asked him what is the projected number of meters to be drilled.  He replied "3500 - 4000 meters".  I'm not certain what that translates to in so far as the number of drill holes, but it should be a fair number.

Snug