THE POSSIBLE GOOD NEWS The quarterly financials and MD&A are posted today on Sedar. Below is data that has not been released in news releases to date and taken from the MD&A
The 2012 exploration program on Mt. Anderson, was completed by a three-man crew on July 21, 2012. The field work consisted of claim staking, removal and sampling of approximately 2.2 tons of high grade ore left by previous operators on the slopes of Mt Anderson, and limited follow up prospecting of anomalies targeted from the 2011 geochemical survey. The sampling results from the stockpiled ore reconfirmed the high grade nature of the old/silver/lead/zinc vein exposed in the 47 zone. The prospecting located a probable source of the multi ounce gold float (6+ oz/t) found by previous explorers, reconfirmed the western extension of the 47 zone, and identified an extensive high level epithermal quartz zone adjoining the Adanac zone. This area underlays the highest MMI gold anomaly found during the 2011 exploration season. Backhoe trenching and sampling was to follow this discovery but permitting and financial constraints did not permit this during the 2012 season.
The Company has already raised $80,000 in respect of a hardship or temporary relief financing towards working capital needs, and is expected to be completed by the end of fiscal 2012. In addition, the Company plans to complete additional funding during the end of 2012 and the start of 2013, to complete this exploration, as well as for working capital purposes.