".....The company anticipates that at least 13 additional holes will be completed within the next 2 weeks. The first batch of samples are being delivered to the assay laboratory, and assay results are anticipated to be received starting in 2 weeks time.
As previously announced in the Company's release of 29 August 2002, ERC 39 was the only hole drilled deeply enough to intersect the target horizon. The 5 remaining holes were not drilled deeply enough to intersect the black shale horizon associated with the mineralisation in ERC 39 and the lack of meaningful assay results confirms this conclusion