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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers

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To: Claude Cormier who wrote (20760)	9/11/2006 7:02:31 PM
From: loantech	Read Replies (3) of 78416

Past geological reports indicate the Midway project contains probable resources of 420,504 tons at a grade of 0.201 oz/t gold and possible resources of 255,268 tons at a grade of 0.201 oz/t gold. Including a mining dilution factor (30%) all category reserves are approximately 801,372 tons at a diluted mining grade of 0.174 oz/t gold using a 0.015 oz/ton cutoff, all located in new discovery zones, to a depth of 900 feet. In addition, possible geologic resources of 451,943 tons at a grade of 0.16 oz/ton gold are located adjacent to the old mine working areas and accessible from any new mine project. Since these reports were prepared in 1982 (G. M. Hogg & Associates) and 1990 (Groupe Conseil Geologica), they likely would be classified as ‘inferred' resources under National Instrument 43-101. >>>>>>>>>>> Counting inferred etc etc maybe 200K? Not as good as PAT.

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