nice part of the NR Although hole SP11- 106 is positioned just 50 meters further northwest from hole SP11-104 (148 meters at 1.66 grams per tonne gold released December 14, 2011), its grades are significantly higher suggesting there is a higher grade chute present in this area. It should be noted that the high-grade intercept in hole SP11-106 falls approximately 170 meters beneath the area where a near-surface vertical hole, hole SP11-040 (0+450 m section), intersected high grades (100.5 meters at 7.23 grams per tonne gold released March 15, 2011). This newly recognized high grade chute remains open at depth as does the entire Portage Zone.