Dundee indicated that a second vertical test hole some 350 to 400m from hole 049 was completed to test a geophysical anomaly at the similar depths to the new sulphide zones. Hole-09-49 was located at the northwestern contact of the Eagle One conduit.

If Noront wants to find the extension of the mineralization from northwestern contact of the Eagle One, there are only two directions (either north or west) that are close to the jv property. Also if the hole 51 was a 400 metre stepout, jv property is about 50 metre away.

I don't think Noront will release visuals with detailed information till PP is complate. To much fluctuation in sp may host some problem with TSX approval. Over 23 million of 25 million PP has been completed. PP is to be closed by Aug. 26th.