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Message: Reply from Dave Webb

Reply from Dave Webb

posted on Mar 14, 2008 01:54PM

Just received this reply from Dave Webb:

"I was travelling this week and have just received your emails.

You may be referring to our project Description report which was filed in 2005. These were calculated in 2005 and have been superceeded in our 2006 and 2007 resource estimates. These will be superseded again in our 2008 NI 43-101 resource. Old resource figures are invalid once they are superseded.

The resources reported within the Project Description Report state:

NOTE 1: The Ormsby Zone and West Zone resource is calculated by Bullis, H.R., Pratico, V., Kirkham, G.D., and Stewart, P.W. (2005) and is reported here for the first time. Inverse distance to the fourth power with 10 x 20 x 10 metre blocks, an arbitrary 1.0 gpt cut-off (without implying economic status) and a 60 gpt cap is used. All samples >60 gpt are restricted in influence to a maximum 20 metre extrapolation. A specific gravity of 3.04 is used in tonnage conversion, as measured from 85 sample determinations. Figures are rounded for presentation.

NOTE 2. (a)The Nicholas Lake Main Zone resource is calculated by Dupre and Giroux (2003) and has previously been reported. D.G. Dupre P.Geol. is the qualified person for this resource figure. Ordinary kriging on a solids model with a minimum width of 1.5 metres, 5 gpt cut-off, and a 96 gpt cut is used. (b) The Ormsby Zone resource is calculated by Pratico, Kirkham and Stewart (2005) and is reported here for the first time. Inverse distance to the fourth power with 5 x 5 x 5 metre blocks, an arbitrary 3.5 gpt cut-off without implying any economic status, and a 60 gpt cap is used. All samples >60 gpt are restricted in influence to a maximum 20 metre extrapolation. A specific gravity of 3.04 is used in tonnage conversion, as measured from 85 sample determinations. Figures are rounded for presentation

The valid resources are reported in the resource section.

Dave Webb "

Sorry, guys and gals. Looks we should not jump the gun!

applepie

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