- Completion of Terra Project 43-101 February, ampoule 2013
- Inferred Resource totals of 419,604 oz. gold
- Gold rich Bonanza Veins (>80% free gold)
- Project – 1 million-plus oz. gold potential
- Significant exploration potential for additional resource
- Development Plan, Environmental Assessment and Permitting in progress toward mine feasibility.
- Extended vein along strike & Intersected vein systems – 2013 drilling
- 1152.6 meters core drilling – 4 holes completed
- 782 samples taken from drill core* 2012
- Visible gold observed in core
Key Accomplishments in 2012
- 23 tons of Ben and Fish Vein ore processed producing 109 ounces of gold dore
- The extension of the Ben Vein zone two hundred meters to the north. This extension has opened up a large area for further development and adds to the viability of construction of a Camp Level adit with year round operations.
- The startup and running of the bulk sample pilot mill with Gold production
- The mobilization of an excavator to the Ben Vein area and the construction of cat trails, drill pads, and opening up the Ben vein. Surface fieldwork in 2012 has generated numerous geochemical gold anomalies at Ben Vein, Hartman River, and Ice Vein in which to expand on in future years.
2013 Proposed Program?
- 10,000’ Drilling program to commence in May or June 2013
- Continue drilling the Ben Vein (North Extension)
- Continue surface exploration (mapping and sampling) on Ben Vein (South Extension)
- Continue surface exploration (mapping and sampling) on porphyry target
- Continue bulk sample plant operations
- Continuation of surface bulk sample mining operations at Ben Vein
- HQ core drilling
- QAQC program
- Helicopter supported drilling program
- Completion of Terra Project 43-101 February 1, 2013
- Continue environmental baseline sampling (water)
- Continuation of a site survey for upper Ben Vein adit entrance
- Conduct site survey at Strand Pass for future development (survey & auger drilling)
- Conduct satellite aerial survey of Terra claim block
- Conduct a Airborne Geophysical survey over project area
Safe Harbor for Forward-looking Statements
Certain statements contained herein are not statements of historical fact and constitute forward-looking statements. These statements include specifically identified forward-looking statements herein. Examples of forward-looking statements, include: (i) projections of revenues, income or loss, earnings or loss per share, the payment or non-payment of dividends, capital structure, and other financial items; (ii) statements of plans and objectives of the Company, or any of its management or Boards of Directors; (iii) statements of future economic performance; and (iv) statements of assumptions underlying those statements. Words such as "believes," "anticipates," "expects," "intends," "targeted," "may," "will" and similar expressions are intended to identify forward-looking statements but are not the exclusive means of identifying such statements.
Forward-looking statements involve risks and uncertainties which may cause actual results to differ materially from those in such statements. Factors that could cause actual results to differ from those discussed in the forward-looking statements include: (i) the strength of foreign and U.S. economies in general and the strength of the local economies in which operations are conducted; (ii) the ability of the Company to finance its planned operations; (iii) the ability of the Company to hire and retain key personnel, (iv) the ability of the Company to maintain its Joint Venture Agreement and Amended Claim Agreement; (v) the ability of the Company to compete with financially stronger competitors; (vi) the effects of and changes in trade, monetary and fiscal policies and laws; (vii) inflation, interest rates, market and monetary fluctuations and volatility; (viii) the timely development of and acceptance of new products and perceived overall value of these products by existing and potential customers; (ix) the ability to control expenses; (x) the effect of changes in laws and regulations with which the Company must comply; (xi) the effect of changes in accounting policies and practices, as may be adopted by the regulatory agencies as well as the Financial Accounting Standards Board; (xii) changes in the organization and compensation plans of the Company; (xiii) the costs and effects of litigation and of unexpected or adverse outcomes in litigation; and (xiv) the success of the Company at managing the above risks.