RE: 2008 outlook updateNow keep in mind the move on the Canadian dollar that pushes up cost and check recent larger Canadian Miners this year have had cost outstripe the rise in gold. I suspect cost will be much higher than this old report which was higher than the previous one as well.
April 19, 2007 - Alexis Minerals Corporation [TSX-V: AMC] is pleased to announce that it has
completed a Scoping Study (Preliminary Economic Evaluation) on the Lac Pelletier gold deposit located
4 kilometers southwest of Rouyn-Noranda, Quebec. The study was prepared by Kirk Rogers, P.Eng and
Qualified Person under 43-101 guidelines, through Ontario-based engineering firm Golder Associates Ltd
(“Golder”). The report (filed on www.sedar.com: “Preliminary Assessment Study Review of the Scope
and Potential of the Lac Pelletier Gold Project”) confirms that the Lac Pelletier Deposit is potentially
economic at current gold prices. The Scoping Study demonstrates that the Lac Pelletier Project has
the potential to produce in excess of 40,000 ounces per year at a cash cost of US$423 per ounce and
can be in production within one year.