Burning,

Jennings said

"We viewed high grade hole 256 that returned 51 m of 10.3 g/t gold (announced December 12, 2012) and highlight the evenly spread nature of mineralization judging from the assay intervals.

Drilling has commenced on a 50 m step out to the NW and SE from hole 256, which should give a better

indication of potential and trend of the high grade mineralization. Results from drilling are expected in March".

Boservation/Comments:

- Presumably, Jennings people saw the more detailed sample results than those included in the NR. It sounds like a confirmation of the high grades 51m@10.3gpt, including 25m@17.8 ave. Since they were reporting average results, the max grade would be much higher. Too bad the peak values for Section 1200SE are not given. Anyone has a guess for the max value?).

- The new hole 50m step out to the NW and SW are interesting, especially the hole(s) in the SE, in a sense that they/Dave are (gingerly) moving toward the lake (and that "wedge of land" NW of the lake, which is still called patent claims in PRB latest map). Anyone knows if they will drill toward the west just like in the previous cluster (holes 248, 256 and 268)? It will be more interesting if they drill toward the east...and drill deep under the bottom of the lake. How far can PRB go to the SE before they hit the boundary. Anyone?

goldhunter