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The Company's Eagle Gold Project in Yukon Canada hosts a National Instrument 43-101 compliant Reserve of 2.3 million ounces of gold.

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Message: Salient Points.

Salient Points.

posted on Apr 19, 2010 02:45PM

A few points from the conf. call.

1) Santa Fe exceeded expectations, upside yet to be revealed. BH-6 exceedingly encouraging.

2) SF appears to be large even by Nevada standards. estimated extension 24k x 4.5k, re-logging cores prior to phase 2 drilling. Phase 2 will commence nxt 3-4 weeks on completion of core re-logging. Estimate 20 holes and will last 4-6 months.

3) Permitting for Cove advancing well and smoothly. Newmont being very co-operative re-back-in discussions.

4) 2010 Dublin Gulch drilling season will be commencing within nxt 4 wks.

A) There were very few questions. One question re the introduction of a poison pill. Chad said that that was something to consider if Santa Fe keeps improving.

After thought: I'd make a lousy secretary.

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Apr 19, 2010 03:18PM
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Apr 24, 2010 07:31PM
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