The company said that the recently received assay results are from manto-style (limestone replacement) targets from the Peel and Penguin zones drilled in 2010.

All drill holes are diamond drill holes completed by one drilling rig between 13 June 2010 and 8 September 2010.

Six drill holes were completed west of the 2008 Peel Zone manto resource.

The 2010 Penguin Zone drilling tested several magnetic and VLF anomalies in the vicinity of the proposed Penguin pit.

The best intercept was from KR-10-1550, which cut 2.38m grading 8.09 g/t Au.

The company said that none of the recent drill intercepts were included in the data used for the NI 43-101 resource estimate released on 14 April 2008 and therefore can lead to an increase in the resource at the Ketza River project.