The deep drilling returns from the Carscallen Project appear to be well below expectations and the stock price suffered as a result.

The company has stated that a resource delinitation program will commence in February for the production of a 43-101 report.

It has been learned that Zinccorp has commenced line cutting and geophysics on thier Denton Township claim block located to the south-west of the latest Melkior drilling program.

It's about time i would say

It has been learned that Melkior has lost some of its Carscallen property to outside parties for reasons not fully disclosed by the company at this point in time. From a previous holdings map of the Carscallen Gold Property dated several months ago, it can today be seen that they are now no longer the registered holders of a significant ortion of it to the south along the original hwy 101 boundary.

It would be nice to know what happened as they had many targets in this region which one would be surprised to see let go.

Someone definately messed up on this one and it could cause issues with the vendors who gave them the property in the first place.

Can management comment on what appears to be a change of registered claim holdings ownership in Carscallen?

It appears that some claims that were under previous Melkior registered title held along the south of the Carscallen Gold Property in proximity to hwy 1010 had lapsed and came open for staking. New claims are being seen as present in this area that were previously held by Melkior.

Melkior appears to have a significant surplus for assessment coverage so the question is, does Melkior have control of this area still or has it been lost?

Thank You

Some comments have been floating around recently on various stock hubs within the investment community that San Gold Exploration Resources Ltd has had some very encouraging drill core returns from Carscallen Township in the Timmins West Camp both to the north and east of Melkior.

At this point in time it appears that Carscallen Township is the only west timmins area play that is returning a story that is consistent.

Up to the present time, this company is about the only party in the entire timmins west camp that is pulling consistent gold out of the ground. Seems like almost every hole has something in it which bodes well for a potential motherload source somewhere in the overall project vicinity.

Lots of buzz around this project is also being heard about some postitive exploration returns attached to this property.