TSX:V.ANK CDN $ 0.375

GoldUSD 1,229.00

Andong Meas

The entire license area has been the subject of an aeromagnetic survey, satellite imagery geological interpretation, with reconnaissance field truth mapping and multi-element stream sediment geochemical survey, taking samples from catchments of roughly 1km² extents. These efforts highlighted several areas as specific targets for further more intensive work. A follow-up reconnaissance termite mound geochemical survey was undertaken, coupled with more detailed geological reconnaissance mapping. These latter surveys were ones of simple trail walking, recording data and collecting samples as opportunity presented itself. In addition, two areas were singled out for special attention. The one prospect, Wild Boar, is an area of intensive artisanal workings on several subparallel epithermal veins. These workings have been cleaned, sampled and surveyed. An area of 1km² has been the subject of a detailed termite mound geochemical survey (800 samples) on a 200m x 200m grid. A detailed geological mapping program is currently underway, with a concurrent VLF-EM survey over the workings area, Extensive artisanal workings, including an illegal open pit mine occur over the area known as Canada Wall prospect. These have been exhaustively sampled, and ground magnetic survey undertaken over the immediate vicinity of the workings, followed by a VLF-EM survey and detailed mapping and a reflected light spectroscopic survey of clay alteration has been done. A program of 3 diamond drill scout holes, totalling 521m was drilled on the prospect. These showed exceptionally high molybdenum, tungsten and silver levels. Exploration is ongoing.

As a follow-up to this drilling, detailed geological mapping, in conjunction with an extension of the termite mound sampling program to cover some 4km² and then 16km², totalling over 7500 samples has been undertaken.  This, in turn, is supplemented by a dipole-dipole IP survey, which has been suspended during the current monsoon, but preliminary results are very encouraging, with coincident copper-molybdenum geochemical anomalies over a strong surficial chargeability anomaly.