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Dundee Precious Metals Announces High Grade Drilling Results at its Ada Tepe Project in Bulgaria.


TORONTO -- Dundee Precious Metals Precious Metals

Valuable metals such as gold, iridium, palladium, platinum, and silver.

Notes:
Investing in precious metals can be done either by purchasing the physical asset, or by purchasing futures contracts for the particular metal.
 Inc. (TSX TSX Toronto Stock Exchange (TSE before April, 2002)
TSX Transfer from Stack Pointer to Index
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:DPM (Documents Per Minute) The number of paper documents that can be processed in one minute. ) ("Dundee Precious" or the "Company") is pleased to provide the following information on drilling results at the Ada Tepe Project, its exploration property in Krumovgrad, Bulgaria.

Balkan Mineral & Mining AD, a wholly owned subsidiary Wholly Owned Subsidiary

A subsidiary whose parent company owns 100% of its common stock.

Notes:
In other words, the parent company owns the company outright and there are no minority owners.
 of Dundee Precious, was awarded the Krumovgrad Licence area (130 km2) on June 12, 2000 in accordance Accordance is Bible Study Software for Macintosh developed by OakTree Software, Inc.[]

As well as a standalone program, it is the base software packaged by Zondervan in their Bible Study suites for Macintosh.
 with the Agreement of Prospecting and Exploration reached with the Ministry of Economy. The licence area has now been reduced to 113 km2 in accordance with licencing regulations and is located approximately 320 km (by road) southeast of Sofia, in the Kardjali Distict - immediately south of Krumovgrad, within the South-East Rhodopes.

The Krumovgrad Licence area is part of the Rhodope Metallogenic Belt, a volcanic arc volcanic arc
n.
A usually arc-shaped chain of volcanoes located on the margin of the overriding plate at a convergent plate boundary.



volcanic arc  
 of Tertiary age (Geol.) See under Age, 8.

See also: Tertiary
 that extends approximately 800 km from Serbia through southern Bulgaria and northern Greece to Turkey.

The gold and silver mineralisation at Ada Tepe has been subdivided into two types, based on the mineralised zone geometry geometry [Gr.,=earth measuring], branch of mathematics concerned with the properties of and relationships between points, lines, planes, and figures and with generalizations of these concepts.  and style as follows:

- 'Wall Zone' mineralisation: A shallow dipping (12 to 15 degrees north east), tabular tab·u·lar
adj.
1. Having a plane surface; flat.

2. Organized as a table or list.

3. Calculated by means of a table.



tabular

resembling a table.
 (9 metres average thickness) zone developed directly above the basement-sediment contact; and

- 'Upper Zone' mineralisation: A series of east-west trending steeply dipping veins sets with ancillary Subordinate; aiding. A legal proceeding that is not the primary dispute but which aids the judgment rendered in or the outcome of the main action. A descriptive term that denotes a legal claim, the existence of which is dependent upon or reasonably linked to a main claim.  vein sets in other orientations, occurring as complimentary structures.

The Company has been conducting further, closer spaced or infill in·fill  
n.
1. The use of vacant land and property within a built-up area for further construction or development, especially as part of a neighborhood preservation or limited growth program.

2.
 drilling, particularly for the Upper Zone mineralisation, in order that the resource categorization could be converted from the existing Inferred Resource status to Indicated Resource and/or Measured Resource status, in accordance with the Canadian Securities Administrators' National Instrument 43-101 Standards of Disclosure for Mineral Projects ("NI 43-101").

An inclined hole infill drilling programme was designed which comprises the following aspects:

- Infill drilling to produce a drill hole collar spacing of at least 25m by 25m. The infill drilling programme is being undertaken using both reverse circulation ("RC") and diamond drilling Diamond Drilling is a highly specialized industry used for mineral exploration around the world. Most commonly using wireline and core bits with diamond encrusted matrix. To drill holes to max depths of twelve thousand feet, for the recovery of core used in verifying mineral  methods;

- 'Grade Control' drilling to produce a drill hole collar spacing to a nominal 12.5m by 12.5m;

- Twin drilling of both existing RC and diamond drill holes by the complimentary drilling method (predominantly pre·dom·i·nant  
adj.
1. Having greatest ascendancy, importance, influence, authority, or force. See Synonyms at dominant.

2.
 RC/diamond drill hole twins); and

- Extension diamond drilling of RC holes where drilling conditions precluded completion to the target drill hole depth.

The current planned programme comprises a total of approximately 37,500 metres of drilling (including existing drilling prior to the infill drilling programme), consisting of approximately 10,500 metres of diamond drilling and 27,000 metres of RC drilling. The final size of the delineation drilling programme at Ada Tepe will be governed by assay results as a number of areas require infill drilling to better define zones of high grade gold and silver mineralisation.

- This press release summarises available assay results for the drilling programme, corresponding to 142 drill holes: ATDD ATDD Atmospheric Turbulence and Diffusion Division
ATDD Acceptance Test-Driven Development
ATDD Adaptive Time Division Duplexing (LMDS)
ATDD Automatic Telephone Disconnect Device
019 to ATD ATD Anthropomorphic Test Dummy
ATD Attention to Detail
ATD Advanced Technology Demonstration
AtD Achieving the Dream
ATD Atmospheric Technology Division (US National Center for Atmospheric Research)
ATD Assistant Technical Director
036, ATDD073 to ATDD074, ATMET001 to ATMET005, ATRC ATRC Adaptive Technology Resource Centre (Canada)
ATRC Assistive Technology Resource Center
ATRC Aegis Training and Readiness Center
ATRC Advanced Television Research Consortium
ATRC Alien Terrorist Removal Court
ATRC Against the Rest Crew
055 to ATRC148, ATRC267 to ATRC277, ATRC280 to ATRC291. Drill holes ATDD036, ATRC267, ATRC277, and ATRC291 have incomplete assays at the time of compilation Compiling a program. See compiler.  of the press release, while ATDD029 did not reach target depth due to down hole technical problems.

- The vast majority of drilling was kept dry, via the use of sufficient compressed air compressed air, air whose volume has been decreased by the application of pressure. Air is compressed by various devices, including the simple hand pump and the reciprocating, rotary, centrifugal, and axial-flow compressors.  (using auxiliary auxiliary

In grammar, a verb that is subordinate to the main lexical verb in a clause. Auxiliaries can convey distinctions of tense, aspect, mood, person, and number.
 boosters). However, if the hole could not be kept dry or encountered difficult ground conditions it was continued using diamond drill core. RC drill holes completed with diamond tails reported in this release correspond to: ATRC070, ATRC071, ATRC099 to ATRC102, ATRC119, ATRC126, and ATRC139. Assay results for these holes had not been received at the time of the compilation of the press release.

In general, average RC sample recoveries approximate 70%, which is considered acceptable. While a review of the recorded diamond drill core recoveries indicates that total core recovery is in the vicinity of 95%. However, variable ground conditions can result in zones of core loss and low RC sample recovery. Where possible, the drilling programme has used PQ and HQ triple tube core size with reduction to NQ triple tube core size if drilling conditions required casing off and reduction in core size. All diamond drill core has been oriented o·ri·ent  
n.
1. Orient The countries of Asia, especially of eastern Asia.

2.
a. The luster characteristic of a pearl of high quality.

b. A pearl having exceptional luster.

3.
 every 3.0 metres of drill advance, for structural measurements.

Sample analysis has been carried out at two principal, independent, internationally accredited accredited

recognition by an appropriate authority that the performance of a particular institution has satisfied a prestated set of criteria.


accredited herds
cattle herds which have achieved a low level of reactors to, e.g.
 laboratories, the SGS SGS Société Générale de Surveillance
SGS Symantec Gateway Security (appliance)
SGS School of Graduate Studies
SGS Subgrid Scale
SGS Singapore Government Securities
SGS Shell Global Solutions
 laboratory in Gura Rosiei, Romania and at the SGS Laboratory in Perth, Western Australia This article is about the metropolitan area of Perth, Western Australia. For the local government area, see City of Perth.
Perth is the capital of the Australian state of Western Australia.
. Sample analysis has been routinely carried out for gold and silver. The principal assay methods used are 50gm Fire Assay/AAS for gold and multi-acid digest/AAS for silver. Internationally accredited standards, produced by Rocklabs of New Zealand New Zealand (zē`lənd), island country (2005 est. pop. 4,035,000), 104,454 sq mi (270,534 sq km), in the S Pacific Ocean, over 1,000 mi (1,600 km) SE of Australia. The capital is Wellington; the largest city and leading port is Auckland.  and covering a wide range of gold and silver grades, are routinely inserted into the assay stream along with blanks. A full programme of duplicate DUPLICATE. The double of anything.
     2. It is usually applied to agreements, letters, receipts, and the like, when two originals are made of either of them. Each copy has the same effect.
 and replicate rep·li·cate
v.
1. To duplicate, copy, reproduce, or repeat.

2. To reproduce or make an exact copy or copies of genetic material, a cell, or an organism.

n.
A repetition of an experiment or a procedure.
 sampling has been employed through the drilling programme. Independent umpire A person chosen to decide a question in a controversy that has been submitted to Arbitration but has not been resolved because the arbitrators cannot reach agreement, or one who has been chosen to be a permanent arbitrator for the duration of a collective bargaining agreement.  assaying is routinely undertaken on the samples, using ALS Als (äls), Ger. Alsen, island, 121 sq mi (313 sq km), Sønderjylland co., S Denmark, in the Lille Bælt, separated from the mainland by the narrow Alensund.  Chemex Laboratories in Canada and Genalysis Laboratories in Perth, Western Australia.

The drill core is routinely sampled for bulk density measurements such that at least three samples are produced for each 8 metre metre

In poetry, the rhythmic pattern of a poetic line. Various principles have been devised to organize poetic lines into rhythmic units. Quantitative verse, the metre of Classical Greek and Latin poetry, measures the length of time required to pronounce syllables,
 run of core. An ISO (1) See ISO speed.

(2) (International Organization for Standardization, Geneva, Switzerland, www.iso.ch) An organization that sets international standards, founded in 1946. The U.S. member body is ANSI.
 9002 rated laboratory in Sofia, Bulgaria was used to conduct the bulk density measurement using an ISO 9002 approved method of wax sealed water immersion immersion /im·mer·sion/ (i-mer´zhun)
1. the plunging of a body into a liquid.

2. the use of the microscope with the object and object glass both covered with a liquid.
 bulk density measurement. The laboratory and the technique used were inspected prior to the beginning of the density measurement programme and have been routinely inspected during the current drilling programme. Approximately 3,900 bulk density measurements have been collected to date.

Prior to calculating the mineralised intercepts, statistical analysis has been undertaken on the gold assay data in order to determine an appropriate upper cut for reporting purposes. As displayed in the accompanying tables, a 30 g/t Au upper cut has been employed in order to remove the potentially distorting effect of high grade assays in weighted average calculations which form a natural part of the grade distribution throughout the Ada Tepe deposits. The data is presented on a cut and uncut basis.

The listed drill hole intercepts have been calculated using the following parameters:

- Lower cut off grade: 0.5g/t Au.

- Minimum down hole intersection intersection /in·ter·sec·tion/ (-sek´shun) a site at which one structure crosses another.

intersection

a site at which one structure crosses another.
 length: 2 metres.

- Maximum contiguous Adjacent or touching. Contrast with fragmentation. See contiguous file.  internal waste: 2 metres.

- Intersection grade determination method: Length weighted average.

- Upper cut: 30g/t Au.

- Silver values reported based on no upper cut and the same sample interval as determined for the gold mineralised intercept intercept

in mathematical terms the points at which a curve cuts the two axes of a graph.
.

The estimation estimation

In mathematics, use of a function or formula to derive a solution or make a prediction. Unlike approximation, it has precise connotations. In statistics, for example, it connotes the careful selection and testing of a function called an estimator.
 of true thickness has been based on the following geometric assumptions:

- Upper Zone: Veins striking east-west (N090E) with a vertical dip.

- Wall Zone: Dip 12 degrees towards N020E.

Table 1 summarizes selected intercepts for the Wall Zone based on a 0.5 g/t Au lower cut off grade. For the purpose of selection, drill intercepts returning a gramme-metre ("gm_m") value in excess of 40 gm_m (using the cut gold assay value) are tabulated. The gm_m method is an accepted industry analysis used to broadly compare the total metal content between different mineralised intervals, calculated by multiplying mul·ti·ply 1  
v. mul·ti·plied, mul·ti·ply·ing, mul·ti·plies

v.tr.
1. To increase the amount, number, or degree of.

2. Mathematics To perform multiplication on.
 the grade of an intercept by its length.

Figure 1 displays the drill hole locations of the holes being reported upon.

Table 2 summarizes selected intercepts for the Upper Zone mineralisation for lower cut off grades of 0.5 g/t Au. Only intercepts returning greater than 30 gm_m are displayed.

As results were received at the Krumovgrad Project Base, two particularly high grade intercepts were returned from consecutive RC drill holes ATRC117 and ATRC118. The high grade results occur within the central zone of a sub-vertical ENE trending structural corridor that traverses the mid region of the deposit, characterised by strong silicification si·lic·i·fy  
v. si·lic·i·fied, si·lic·i·fy·ing, si·lic·i·fies

v.tr.
To convert into or impregnate with silica.

v.intr.
To become converted into or impregnated with silica.
, numerous fractures Fractures Definition

A fracture is a complete or incomplete break in a bone resulting from the application of excessive force.
Description
, and multiple orientations of epithermal veins. Surface sampling and earlier drill campaigns indicated this central area hosted high grade Upper Zone veining vein·ing  
n.
Distribution or arrangement of veins or veinlike markings.
, however the tenor is greater than or approximates previously recorded intersections within the Ada Tepe deposit.

Twin drilling of both drill holes, using diamond drilling, was immediately instigated in order to confirm the intersections. The table below compares the metal content of the RC and diamond twin holes by calculating the aggregate gm_m of each hole; as such the results do not represent a continuous mineralised intercept. This method of analysis is considered applicable for demonstrating comparisons between drill holes in high grade epithermal gold deposits. As a result of the numerous high grade values the gm_m data is presented using two sets of parameters, corresponding to:

- 0.5g/t Au lower cut with no top cut

- 0.5g/t Au lower cut with a 30g/t upper cut.
---------------------------------------------------------------------
                  ATRC117/ATD073 and ATRC118/ATDD074
                           Metal Comparison

---------------------------------------------------------------------
  Reverse Circulation Drill Hole         Twin Diamond Drill Hole
---------------------------------------------------------------------
              ATRC117                             ATDD073
---------------------------------------------------------------------
Cut Off                              Cut Off
(g/t Au)    Metres   Au g/t    Gm_m  (g/t Au)  Metres   Au g/t   Gm_m
---------------------------------------------------------------------
Uncut 0.5       62    13.91     862  Uncut 0.5   47.7    15.17    723
---------------------------------------------------------------------
 Cut 0.5        62     6.07     376   Cut 0.5    47.7     8.83    421
---------------------------------------------------------------------
              ATRC118                             ATDD074
---------------------------------------------------------------------
Cut Off                              Cut Off
(g/t Au)    Metres   Au g/t    Gm_m  (g/t Au)  Metres   Au g/t   Gm_m
---------------------------------------------------------------------
Uncut 0.5       76    47.14   3,582    Uncut     56.7    30.53  1,731
---------------------------------------------------------------------
 Cut 0.5        76     9.13     694   Cut 0.5    56.7     9.58    543
---------------------------------------------------------------------



The gm_m values for both RC holes on an uncut basis are greater than the corresponding gm_m values for both diamond twin holes. However, as anticipated, applying a 30g/t upper cut significantly diminishes the outlier outlier /out·li·er/ (out´li-er) an observation so distant from the central mass of the data that it noticeably influences results.

outlier

an extremely high or low value lying beyond the range of the bulk of the data.
 effect. Consequently, there is no significant bias due to drilling method in the upper cut data, with the diamond core hole for one pair (ATDD073 versus ATRC117) returning a higher metal content, while the RC intersection of the other pair (ATRC118 versus ATDD074) returned a higher metal content.

In general, other twin holes (ATDD026; ATDD030; ATDD032; ATDD034) completed within the current programme indicate a similar variability. This is a result of RC samples providing a larger more homogenised Adj. 1. homogenised - formed by blending unlike elements especially by reducing one element to particles and dispersing them throughout another substance
homogenized

blended - combined or mixed together so that the constituent parts are indistinguishable
 bulk sample as opposed to the smaller diameter diamond core. In addition, and perhaps most importantly Adv. 1. most importantly - above and beyond all other consideration; "above all, you must be independent"
above all, most especially
, the results are as expected for a high grade epithermal gold deposit, hosting multiple vein and structural orientations at the metre scale. This analysis highlights that the high grade and variable nature of the deposit may warrant the use of upper cuts in the upcoming resource estimate, as was the case in the October 2002 resource estimate.

In addition, a follow-up programme of infill drilling and 'scissor' drilling is underway to determine the spatial extent of this high grade mineralised zone. The 'scissor' drilling, which used diamond core, has confirmed that the original drill holes were completed in the appropriate orientation, with the veins having a sub-vertical, northerly dip. The area will be drilled out at a 12.5 metre by 12.5 metre spacing.

Jonathan Goodman Goodman was a polite term of address, used where Mister (Mr.) would be used today. Compare Goodwife.

Goodman refers to:

Places
  • goodwife, Mississippi, USA
  • Goodman, Missouri, USA
  • Goodman, Wisconsin, USA
, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board.  of Dundee Precious, said: "We are extremely excited with the results of the infill drilling programme at the Ada Tepe Project to date. The deposit is holding together very well and the high grade zones appear to be stronger than we had originally thought. We look forward to working with the Bulgarian Government and the community of Krumovgrad and its surrounding area to bring these assets to development."

The disclosure contained herein has been compiled from data prepared by Dr. Julian F. H. Barnes, a "Qualified Person" as defined under NI 43-101.

This news release may contain certain information that constitutes forward-looking statements forward-looking statement

A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections.
. Forward-looking statements are frequently characterized char·ac·ter·ize  
tr.v. character·ized, character·iz·ing, character·iz·es
1. To describe the qualities or peculiarities of: characterized the warden as ruthless.

2.
 by words such as "plan," "expect," "project," "intend," "believe," "anticipate" and other similar words, or statements that certain events or conditions "may" or "will" occur. Forward-looking statements are based on the opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking statements. These factors include the inherent risks involved in the exploration and development of mineral properties, the uncertainties involved in interpreting drilling results and other geological data, fluctuating fluc·tu·ate  
v. fluc·tu·at·ed, fluc·tu·at·ing, fluc·tu·ates

v.intr.
1. To vary irregularly. See Synonyms at swing.

2. To rise and fall in or as if in waves; undulate.

v.
 metal prices and other factors described above and in the Company's most recent annual information form under the heading "Risks Factors" which has been filed electronically by means of the Canadian Securities Administrators' website located at www.sedar.com. The Company disclaims any obligation to update or revise any forward-looking statements if circumstances CIRCUMSTANCES, evidence. The particulars which accompany a fact.
     2. The facts proved are either possible or impossible, ordinary and probable, or extraordinary and improbable, recent or ancient; they may have happened near us, or afar off; they are public or
 or management's estimates or opinions should change. The reader is cautioned not to place undue reliance on forward-looking statements.

Dundee Precious Metals Inc. is an operating mining company engaged in the acquisition, exploration, development and mining of precious metals. It currently owns the Chelopech Mine, a producing gold/copper mine, and Ada Tepe, a gold exploration property, located in Bulgaria and also holds a portfolio of investments in the precious metals and mineral related sector.
Table 1
Wall Zone-Drill Intersections Based on 0.5g/t Au Lower Cut Off Grade
       Intersections Returning Greater Than 40 Gramme_Metres
       (Estimated True Thickness Multiplied By Cut Gold Grade)

---------------------------------------------------------------------
HOLE ID  NORTH  EAST  RL  FROM   TO  THICK-  TRUE  AU_1 AU_CUT30  AG
                         (met- (met-  NESS  THICK. (g/t)  (g/t) (g/t)
                          res)  res) (met-  (met-
                                      res)   res)
---------------------------------------------------------------------
ATDD026  23599 35511 455  77.0  80.3    3.3   3.1  24.5   15.0    14
ATDD027  23598 35588 480  94.0 108.0   14.0  13.2  10.9    9.3    15
ATDD028  23633 35637 484 111.0 129.2   18.2  17.2  22.2    8.2    10
ATDD032  23750 35614 466 119.0 130.0   11.0  10.4   4.3    4.3     3
ATDD034  23700 35567 444  84.0  93.8    9.8   9.3  17.1   10.6     8
ATDD073  23698 35590 458  96.0 107.0   11.0  10.4   4.1    4.1     3
ATDD074  23675 35589 461  91.0 109.7   18.7  17.7   4.0    4.0     2
ATMET004 23800 35515 415  38.0  53.9   15.9  15.0  16.7   15.5    11
ATRC059  23434 35464 432  11.0  21.0   10.0   9.5   6.7    6.7     4
ATRC061  23749 35514 412  13.0  19.0    6.0   5.7   8.2    8.0     5
ATRC062  23951 35535 401  16.0  20.0    4.0   3.8  40.4   24.4    18
ATRC088  23405 35539 453  29.0  38.0    9.0   8.5  12.3   11.5     7
ATRC090  23533 35501 444  51.0  58.0    7.0   6.6  13.2   11.8     9
ATRC095  23699 35540 429  63.0  77.0   14.0  13.2  14.1    8.0     9
ATRC098  23826 35538 432 100.0 106.0    6.0   5.7  12.2   11.5     7
ATRC104  23772 35564 442 101.0 107.0    6.0   5.7   9.5    9.5     4
ATRC105  23724 35567 442  80.0  99.0   19.0  18.0   7.4    5.3     4
ATRC106  23671 35564 450  76.0  93.0   17.0  16.1   3.6    3.6     6
ATRC108  23484 35518 459  41.0  60.0   19.0  18.0   4.2    4.2     3
ATRC109  23446 35591 473  60.0  73.0   13.0  12.3   3.7    3.7     3
ATRC110  23457 35565 472  55.0  72.0   17.0  16.1  19.1   14.2    11
ATRC111  23476 35543 469  55.0  72.0   17.0  16.1  21.9   16.1    11
ATRC112  23508 35542 468  63.0  76.0   13.0  12.3  15.0    8.6     9
ATRC113  23533 35544 467  72.0  81.0    9.0   8.5   5.8    5.8     3
ATRC116  23630 35563 460  79.0  92.0   13.0  12.3  39.8   16.1    17
ATRC120  23724 35588 455  99.0 113.0   14.0  13.2   4.2    4.2     2
ATRC122  23819 35589 459 119.0 130.0   11.0  10.4   5.3    5.3     3
ATRC123  23849 35591 461 135.0 141.0    6.0   5.7  12.5   11.3     6
ATRC127  23646 35592 470 106.0 111.0    5.0   4.7  16.1   14.7     8
ATRC128  23579 35562 474  90.0  95.0    5.0   4.7  39.3   14.4    23
ATRC129  23531 35564 476  78.0  89.0   11.0  10.4  28.1   15.3    16
ATRC133  23430 35541 462  39.0  53.0   14.0  13.2  23.3   17.2    11
ATRC135  23431 35516 454  29.0  47.0   18.0  17.0   3.8    3.8     3
ATRC137  23673 35540 436  66.0  77.0   11.0  10.4   5.4    5.4    10
ATRC140  23573 35589 485  93.0 113.0   20.0  18.9  10.9    7.6     8
ATRC141  23548 35587 484  91.0 112.0   21.0  19.8   8.6    6.8     6
ATRC142  23523 35588 485  81.0 100.0   19.0  18.0   8.7    7.4     5
ATRC143  23496 35587 483  84.0  93.0    9.0   8.5   8.3    6.7     6
ATRC144  23472 35590 481  67.0  87.0   20.0  18.9   3.6    3.6     3
ATRC145  23626 35591 474  97.0 111.0   14.0  13.2  11.2    7.9     6
ATRC148  23566 35615 491 107.0 120.0   13.0  12.3   4.3    4.3     4
ATRC270  23611 35476 440  63.0  69.0    6.0   5.7   7.8    7.8     4
ATRC273  23531 35527 458  56.0  70.0   14.0  13.2   6.7    5.0     4
ATRC288  23432 35503 451  26.0  42.0   16.0  15.1   3.7    3.7     2
ATRC289  23443 35502 451  35.0  45.0   10.0   9.5  12.4   10.5     4
---------------------------------------------------------------------


                               Table 2
Upper Zone-Drill Intersections Based on 0.5g/t Au Lower Cut Off Grade
       Intersections Returning Greater Than 30 Gramme_Metres
       (Estimated True Thickness Multiplied By Cut Gold Grade)

---------------------------------------------------------------------
HOLE ID  NORTH  EAST  RL  FROM   TO  THICK-  TRUE  AU_1 AU_CUT30  AG
                         (met- (met-  NESS  THICK. (g/t)  (g/t) (g/t)
                          res)  res) (met-  (met-
                                      res)   res)
---------------------------------------------------------------------
ATDD020  23800 35539 429  61.0  78.0   17.0   8.5   5.2    5.2     4
ATDD026  23599 35511 455  19.0  30.8   11.8   5.9   6.6    6.1     3
ATDD027  23598 35588 480  28.0  35.0    7.0   3.5  11.3   11.3     6
ATDD027  23598 35588 480  65.0  93.0   28.0  14.0   4.4    4.4     2
ATDD029  23681 35685 467   6.4  21.0   14.6   7.3  10.8   10.2     5
ATDD030  23682 35649 482  18.8  34.0   15.2   7.6   7.0    7.0     4
ATDD031  23723 35615 467  70.0  88.0   18.0   9.0   9.3    6.0     5
ATDD033  23799 35588 457  34.0  38.0    4.0   2.0  71.0   27.2    22
ATDD073  23698 35590 458   0.0  25.0   25.0  12.5  19.8   10.0     8
ATDD073  23698 35590 458  81.0  88.0    7.0   3.5  19.4   12.8     7
ATDD074  23675 35589 461  11.0  42.0   31.0  15.5  40.9   11.9    19
ATDD074  23675 35589 461  52.0  55.0    3.0   1.5 119.1   22.7    43
ATMET002 23662 35515 429  26.0  67.0   41.0  20.5   3.9    3.5    15
ATRC059  23434 35464 432   0.0  11.0   11.0   5.5   6.8    6.8     4
ATRC074  23675 35589 461   1.0   6.0    5.0   2.5  30.7   16.2    13
ATRC075  23699 35512 415   0.0  10.0   10.0   5.0   7.1    7.1     4
ATRC084  23491 35469 435  20.0  28.0    8.0   4.0  26.5   10.9    12
ATRC088  23405 35539 453  16.0  20.0    4.0   2.0  23.3   15.7    12
ATRC094  23654 35537 439  13.0  23.0   10.0   5.0  10.4    7.7     5
ATRC094  23654 35537 439  31.0  47.0   16.0   8.0   4.1    4.1     4
ATRC098  23826 35538 432  56.0  63.0    7.0   3.5  18.8   10.0     7
ATRC111  23476 35543 469   1.0  15.0   14.0   7.0   8.3    8.3    21
ATRC111  23476 35543 469  29.0  38.0    9.0   4.5  32.3    8.5    12
ATRC111  23476 35543 469  39.0  55.0   16.0   8.0   6.7    5.6     4
ATRC117  23674 35589 461   0.0  24.0   24.0  12.0  25.0    7.6     8
ATRC117  23674 35589 461  63.0  78.0   15.0   7.5   4.8    4.8     2
ATRC117  23674 35589 461  83.0  93.0   10.0   5.0  15.5    8.5     6
ATRC118  23698 35589 458  11.0  45.0   34.0  17.0  68.0   11.7    28
ATRC118  23698 35589 458  49.0  66.0   17.0   8.5  54.9    9.3    21
ATRC118  23698 35589 458  85.0 100.0   15.0   7.5  20.1    6.8     5
ATRC127  23646 35592 470  81.0 104.0   23.0  11.5   8.7    7.4     3
ATRC129  23531 35564 476  47.0  57.0   10.0   5.0  17.2    9.4     7
ATRC133  23430 35541 462  18.0  29.0   11.0   5.5   8.8    8.0     4
ATRC136  23635 35516 442   0.0  21.0   21.0  10.5   4.5    4.1     3
ATRC138  23608 35514 454   0.0  23.0   23.0  11.5   5.2    4.7     3
ATRC141  23548 35587 484  71.0  84.0   13.0   6.5  17.8    9.3    11
ATRC143  23496 35587 483  33.0  46.0   13.0   6.5  28.8   15.8    13
ATRC143  23496 35587 483  59.0  75.0   16.0   8.0  10.3    9.1     5
ATRC146  23664 35616 477   1.0  12.0   11.0   5.5  10.2    8.1     4
ATRC271  23624 35465 436   9.0  14.0    5.0   2.5  68.9   17.4    27
ATRC285  23658 35491 424   2.0  14.0   12.0   6.0   6.7    5.4     3
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