gold and a whiff of nickel, page-4

re: gold - 6m @ 10.2 g/t etc. Stocko,

The company has sated that resource upgrades are likely at Snake Well once all final assays results are received. Mineralization between 2m - 7m thick has been traced over a 250m x 100m area.

At Munro, the company advises that the potential for shallow oxide gold resources has been "substantially upgraded." Follow-up drilling is scheduled for early 2004.

To me, both tenements sound extremely promising in terms of proven and probable resources but we will have to wait till early New Year for confirmation of any upgrades by the look of it.

Gupper