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Gold/Mining/Energy : Century Mining Corporation

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From: John McCarthy	7/24/2006 7:32:52 PM
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Several question about the SJ and GC properties. (a) I thought that CMM wanted to get both these properties into that Canadian compliant document - whose name eludes me - ASAP. Is this a mistake on my part to think that they want this done before the close of 2006? (b) I thought in order to do this that drilling must take place on both properties. Is this just wrong thinking. (c) If drilling is required on both properties how many holes have to be drilled for SJ and how many holes have to be drilled for GC in order to get enough information to prepare that compliant document. (d) How much does it cost to drill 1 hole in Peru? Best guess will do. And what are the typical incidental costs - if any - associated with drilling? (e) Are drilling costs capitized (amoritzed) or expensed on a P&L. If they are expensed to which line item on a P&L are the booked. Or what line item(s). Thanks to anyone who can give some insight into the (a) procedures and (b) costs associated with bringing both these properties into a compliant format. regards, John McCarthy

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