Gold on Hand Worth MORE than Mkt Cap!, page-48

We've got to start think past the gold we have at hand. The future is looking bright for the four underground mines we own. These mines are going to be mined for a very long time still. Incredible really.

> increase in the underground exploration dd fleet at Rubicon-Hornet-Pegasus to 3 rigs. With extensional drilling at Hornet South intersecting a number of high grade hanging wall lodes.

> Extensional drilling programs at Rubicon North continued to return significant results both laterally and down-dip on the main K2 structure and a new mineralisation located at the Nugget Lode (the name gives off good a vibe).

> additional intersections at Pegasus with potential for more gold beyond the Poseidon fault to the south.

>.......and this is the curious and exciting one. Raleigh has been extend 400m south of the existing mine and the plan to start drilling up-dip from the surface. It's like they found a deep extension to the ore body along strike and they could end up mining it towards the surface (up rather than down)!!!!

From the NST quarterly.

"Underground resource and exploration diamond drilling at the Rubicon-Hornet-Pegasus complex accelerated during the quarter with an increase in the underground diamond drilling fleet to three drill rigs.

Extensional drilling programs at Rubicon North continued to return significant results both laterally and down-dip on the main K2 structure. In addition, drilling outlined significant new mineralisation (Nugget Lode) associated with the K2 and K2B structures in a similar position to the "Pode" at Pegasus.

Definition drilling at Pegasus continued to provide additional intersections on the K2B and Pode structures together with potential K2 hanging wall and foot wall mineralisation extensions beyond the Poseidon fault at Pegasus south.

Extensional drilling at Hornet South intersected a number of high grade hanging wall lodes between the K2 and K2B lodes and the program will continue to target depth extensions to these structures in the Hornet South and Central area.

At Raleigh, multiple exploratory underground development drives continued to return strong results from the Raleigh South Main Vein over a significant vertical extent of the mine. This development has now extended the Raleigh South mineralisation up to 400m south of the existing Raleigh Mine infrastructure with the mineralisation open in all directions beyond the current drilling and development. Late in the quarter, a surface RC drilling program completed pre-collars for a diamond drilling program targeting the potential up-dip extensions of the Raleigh South structure."