Phase II Drill results released August 14, 2007

Drill Hole SD-07 averages 191 metres @ 0.05% WO3 and 0.02% MoS2. Results from hole SD-07 are tabulated below:

Intersection

Thickness

Depth

WO3 (%)

MoS2 (%)

Au (g/t)

Bi

(%)

Formation

8m

10-18m

0.03

<0.01

0.06

0.02

Skarn (Myobong Slate)

8m

21-29m

0.08

0.05

1.12

0.05

Skarn (Myobong Slate)

1m

31-32m

0.07

0.08

0.12

0.03

Skarn (Myobong Slate)

20m

48-68m

0.14

0.04

0.09

0.03

Skarn (Myobong Slate)

1m

70-71m

0.55

0.01

0.38

0.15

Skarn (Myobong Slate)

1m

79-80m

<0.01

0.41

<0.01

<0.01

Skarn (Myobong Slate)

1m

99-100m

<0.01

0.47

<0.01

<0.01

Skarn (Myobong Slate)

6m

107-113m

0.16

0.01

0.01

0.01

Skarn (Myobong Slate)

14m

115-129m

0.13

0.02

0.11

0.01

Skarn (Myobong Slate)

2m

146-148m

0.07

<0.01

0.01

0.01

Skarn (Myobong Slate)

1m

152-153m

0.14

<0.01

0.02

0.01

Skarn (Myobong Slate)

9m

161-170m

0.10

0.02

0.05

0.01

Skarn (Myobong Slate)

4m

179-183m

0.03

<0.01

0.03

<0.01

Skarn (Myobong Slate)

2m

190-192m

0.29

<0.01

0.04

0.01

Skarn (Myobong Slate)

7m

194-201m

0.08

0.01

0.03

0.01

Skarn (Myobong Slate)

 

SD-07 intersected the following lithological units in sequence:

0-204m. Quartz-scheelite vein stockworks in skarn altered Myobong Slate.

204-300m. Jangsan Quartzite.

Drill Hole SD-08 averages 132 metres @ 0.10% WO3 and 0.03% MoS2. Results from hole SD-08 are tabulated below:

Intersection

Thickness

Depth

WO3 (%)

MoS2 (%)

Au (g/t)

Bi

(%)

Formation

26m

16-42m

0.11

0.03

0.13

0.05

Skarn (Myobong Slate)

3m

42-45m

0.01

0.25

0.05

0.02

Skarn (Myobong Slate)

11m

46-57m

0.01

0.06

<0.01

<0.01

Skarn (Myobong Slate)

1m

58-59m

0.07

0.01

0.02

<0.01

Skarn (Myobong Slate)

19m

64-83m

0.28

0.04

0.32

0.05

Skarn (Myobong Slate)

1m

86-87m

0.46

0.04

0.08

0.02

Skarn (Myobong Slate)

2m

92-94m

0.14

0.03

<0.01

<0.01

Skarn (Myobong Slate)

1m

105-106m

<0.01

0.06

<0.01

<0.01

Skarn (Myobong Slate)

1m

113-114m

0.29

0.01

0.18

0.02

Skarn (Myobong Slate)

16m

119-135m

0.16

0.02

0.10

0.02

Skarn (Myobong Slate)

1m

137-138m

<0.01

0.11

0.04

<0.01

Skarn (Myobong Slate)

3m

139-142m

0.15

0.02

0.09

0.01

Skarn (Myobong Slate)

1m

145-146m

<0.01

0.08

<0.01

<0.01

Skarn (Myobong Slate)

4m

142-156m

0.13

0.01

0.03

0.01

Skarn (Myobong Slate)

4m

160-164m

0.24

0.01

0.04

0.01

Skarn (Myobong Slate)

10m

170-180m

0.11

0.01

0.06

0.01

Skarn (Myobong Slate)

1m

182-183m

<0.01

0.08

<0.01

<0.01

Skarn (Myobong Slate)

5m

184-189m

0.05

<0.01

0.03

0.01

Skarn (Myobong Slate)

6m

197-203m

0.09

0.01

0.08

0.01

Skarn (Myobong Slate)

1m

205-206m

0.10

<0.01

0.08

0.01

Skarn (Myobong Slate)

5m

210-215m

<0.01

0.07

<0.01

0.01

Quartzite (Jangsan Quartzite)

3m

278-281m

0.08

<0.01

0.03

0.01

Quartzite (Jangsan Quartzite)

2m

283-285m

0.22

<0.01

0.05

0.04

Quartzite (Jangsan Quartzite)

1m

290-291m

0.07

<0.01

1.20

0.02

Quartzite (Jangsan Quartzite)

 

SD-08 intersected the following lithological units in sequence:

0-208m. Quartz-scheelite vein stockworks in skarn altered Myobong Slate.

208-211m. Fault breccia.

211-300m. Jangsan Quartzite.