W Project

The W Project is 5 miles north of Winnemucca in Humboldt County, Nevada and adjacent to the County dump. Over 60 holes have been drilled within the boundary of the project. A small resource of approximately 1,5 million tons grading 0.87 g/t gold and 12 g/t silver have been outlined over a distance of 230 meters and up to 35 meters in width. The mineralization is hosted in a quartz-calcite vein in Mesozoic sediments and intermediate dikes. Wide spaced drilling over an additional 1200 meters indicates similar size. An intersecting structure consists of similar

Initial exploration included 32 shallow holes (average 50 meters deep). All holes were vertically oriented and 50% lost circulation within alteration and mineralization. An additional 14 holes were drilled to test continuity at depth. Thirty percent of these holes also lost circulation and failed to meet the depth objective. These holes intersected gold and silver mineralization of up to 9W Sum 20200 meters grading 0.3 g/t gold and 5 g/t silver. The trace elements from some of these holes indicate +0.2% antimony, 0.5% arsenic, 10 ppm mercury, and 0.15% tungsten over 20 meters or more. The quoted values were at the upper limits of detection for the lab and were not followed up.

Geophysics completed indicate a close match with the known mineralization in drilling. The apparent strong geophysical anomaly continues for an additional 1000 meters along strike under sand cover.