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Abstract
Core hole (KTDH01) assayed 0.91 g/t (compared to 0.55 g/t for the RC hole) gold over 79 meters, from 6 to 85 meters (including 1.14 g/t over 10 meters from 6 to 16 meters, where the RC hole gave only 0.04 g/t gold), followed by 0.41 g/t gold over 14.7 meters from 88 to 99.7 meters. The table below compares results from the RC hole KT-22, reported in a release dated August 8, 2006, and the current core assay results.
Diamond core hole KTDH-1 was drilled parallel to RC hole KTRC-22 and eight meters away in order to drill undisrupted ground to achieve maximum possible core recovery. The hole was drilled to collect a large diameter (PQ) core sample for metallurgical testing in Australia. Core recovery was virtually 100 percent. The core was split and assayed in one meter lengths on average. Since the core recovery was 100 percent, and a large diameter sample collected, the assay data from the drill core are considered to be precise (checks are being run). The RC holes collect chips, cuttings and dust blown back up the drill hole, and recovery of material is in the range of 51 to 85 percent.