Miramar Mining Corporation
TSX : MAE
AMEX : MNG

Miramar Mining Corporation

May 25, 2006 13:43 ET

Miramar Reports Significant Progress at Madrid

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - May 25, 2006) -

-Shallow Suluk drilling intercepts 13.4g/t Au over 29.8m-

-Six drills continue to intersect gold values in key gap areas at Madrid-

Miramar Mining Corporation (TSX:MAE)(AMEX:MNG) today announced the first results from the 2006 exploration program at its Hope Bay Project in Nunavut. The program is focussed on the Madrid district, where drills are currently testing in the Naartok/Suluk Gap and the Rand/Suluk Gap, two key areas where proven mineralization would enhance the Large Pit Concept at Madrid. In the latest drilling significant results were also obtained along the southern extension of Suluk and from shallow Suluk infill drilling. These results along with ongoing drilling and technical studies will allow Miramar to evaluate the potential for larger scale production for the next phase of development on the belt.

Miramar embarked on the 2006 exploration campaign at Hope Bay with the objectives of defining a second phase of production on the belt following the proposed Doris North Project, which is now in the permitting process. The goals being pursued this year are to complete a feasibility study that defines an operation that supports annual production 250,000 - 300,000 ounces of gold incorporating material from Doris Central and the upper portions of Madrid and Boston (Phase Two); and also to complete initial drilling and studies to determine if the northern most part of the Madrid system can support larger scale open pit production of 500,000 + annually, also incorporating high grade feed from the Doris and Boston deposits (Large Pit Concept).

Key to evaluating the Large Pit Concept is proving the continuity of mineralization in the northern most 2.3 km of the Madrid trend which includes the Naartok, Rand and Suluk deposits. Exploration success over the past three years in this area have established this area as the new center of gravity for the Hope Bay belt with approximately two thirds of the current total resource on the belt occurring along this 2.3 km trend. Miramar is very encouraged by this latest drilling designed to focus on the gap areas between the zones. Continued success in this area would potentially define mineralization that may outline the opportunity for a large scale pit almost 2.5 km in size. The bulk of the drilling for the 2006 program at Hope Bay is focussed on the Madrid area with these objectives in mind.

"Already this year, we have been successful in extending mineralization in key gaps between the Suluk and Rand deposits and between the Rand and Naartok deposits as well as at Suluk to the south," said Tony Walsh, Miramar's President & CEO. "Improved continuity and tighter drill density will have a significant positive impact on 2006 feasibility and economic studies and linking the zones at Madrid would have a significant impact on production on the Hope Bay belt. At the current gold price (C$720) lower grade large pits become more economic, especially when you incorporate the higher grade material of the Doris and Boston Deposits." He said, "Also, if we are successful in widening the limits of the mineralization at Madrid we could potentially exploit the higher grade resources at depth at Madrid by more economical open pit mining."

2006 Madrid Program

The goals of the campaign are to:

- expand existing resources to enhance project economics

- upgrade resources by infill drilling to allow completion of a Feasibility Study

- aggressively seek to extend the Madrid system

- complete initial drilling to determine the potential size of a Large Pit Scenario

A program of ice based infill and expansion drilling around the key Madrid zones has been underway since mid-March to meet these objectives. A total of 19,400m in 60 holes has been completed to date with results available for 32 holes. Results to date are presented below:

Suluk and South of Suluk Targets

A project of infill drilling in the upper 250m of the Suluk resource including targeting the crown pillar area and higher grade zones is currently on-going. All holes have returned results equivalent to or better than the grades and thicknesses expected based on data from surrounding holes. Highlights are summarized in the following table.

In Addition, drilling has expanded the Suluk mineralization northwards towards the Rand and Naartok resource areas providing support for continuity of the mineralizing system in this under-evaluated area. Drill testing south of Suluk has returned significant values further extending the target intervals.



Suluk/South of Suluk Highlights:

Hole ID Area From (m) To (m) Length (m) Au (g/t)
------- ---- ------- ----- --------- -------
PMD385 Suluk 236.8 254.9 18.1 8.5
PMD388 Suluk 251.9 262.6 10.7 5.3
PMD412 Suluk 148.2 159.4 11.2 4.2
PMD416 Suluk 20.0 49.8 29.8 13.4
including 20.4 44.0 24.0 16.2

PSD110 South of Suluk 209.6 230.9 21.3 7.1
including 212.9 225.0 12.1 10.8
PSD112 South of Suluk 217.9 229.7 11.8 5.2
PSD114 South of Suluk 196.5 197.0 0.5 306.0


Rand Area Targets

Drilling at Rand was designed to extend the current resource limits southward toward Suluk, and to the west toward Naartok, with the goal of demonstrating continuous mineralization along the entire northern portion of the Madrid system. This drilling is ongoing and if continues to be successful will provide key information to evaluate a larger open pit concept.



Rand Highlights:

Hole ID Area From (m) To (m) Length (m) Au (g/t)
------- ---- ------- ----- --------- -------
PMD380 Rand 104.8 111.4 6.6 7.6
PMD387 Rand 311.0 322.0 11.0 4.3
PMD393 Rand 196.0 200.0 4.0 17.7
PMD399 Rand 40.0 60.5 20.5 4.4
including 44.5 52.0 7.5 9.0
PMD415 Rand 95.5 115.0 19.5 3.3


Naartok Expansion and Infill

These projects will be undertaken as the drills are transitioned from ice based drilling to land based drilling.

2006 Doris Program

A program of 3,114m of drilling was completed on the Doris North Connector Zone located immediately south of the Doris North Hinge Zone currently in the permitting process and north of Doris Central. This drilling was designed to evaluate a potential shallow rake to mineralization suggested by drilling in2005. However, this program returned similar results to historical drilling. No clear improvement along the shallow rake was identified. Highlights of this program are presented in the following table. Additionally two drill fences were completed in the southern portion of the Doris System in order to allow continued modelling and targeting.



Doris North Connector Zone highlights:

Hole ID From (m) To (m) Length (m) Au (g/t)
------- ------- ----- --------- -------
06TDD600 139.32 140.02 0.7 54.0
06TDD602 223.00 225.08 2.08 6.3
06TDD604 125.07 148.79 23.7 1.7
including 144.05 145.11 1.1 7.4


Miramar Mining Corporation

Miramar is a Canadian gold company that controls the Hope Bay project, the largest undeveloped gold project in Canada. The Hope Bay project extends over 1,000 sq. km. and encompasses one of the most prospective undeveloped greenstone belts in Canada.

Miramar aims to become an intermediate gold producer through the integrated development of the Hope Bay belt. In order to achieve this goal, while minimizing potential dilution and risk to shareholders, Miramar has developed a phased approach to maximizing potential gold production from the Hope Bay belt starting with the proposed small scale, high grade Doris North Project. Miramar then hopes to extend and expand production levels by sequentially developing the rest of Doris, Boston and eventually Madrid. All contemplated production at the Hope Bay project is subject to positive feasibility studies, the availability of financing and permitting and regulatory approval.

The technical information in this news release has been prepared in accordance with Canadian regulatory requirements set out in National Instrument 43-101 and reviewed by John Wakeford, P. Geo. Vice President, Exploration for Miramar Mining Corporation, and the Qualified Person for the Company as set out in NI 43-101. The analytical method for the gold analyses is gravimetric assay done by ALS Chemex Laboratories in North Vancouver with metallic screen assays for all samples assaying over 20 g/t gold. Check assays are completed by TSL in Saskatoon.

Assay intervals reported are drill core lengths. Geologic interpretation of drill results is underway. However, it is estimated that true widths would generally be at least 70-80% of reported core lengths.

Additional Information

Diagrams and tables detailing some of the matters described herein are attached to this news release. If you are missing these, please download this news release from Miramar's website at http://www.miramarmining.com/, to which they are attached, or contact us at the numbers listed below. All other information previously released on the Hope Bay Project is also available on this website.

Forward Looking Statements

Statements relating to exploration work at the Hope Bay project and the expected costs and results of this work and statements regarding the planned program for 2006 , proposed feasibility studies and possible production strategies are forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "aims", "potential", "goal", "objective", "prospective", and similar expressions, or that events or conditions "will", "would", "may", "can", "could" or "should" occur. Information inferred from the interpretation of drilling results and information concerning mineral resource estimates may also be deemed to be forward looking statements, as it constitutes a prediction of what might be found to be present when and if a project is actually developed. These forward-looking statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ materially from those reflected in the forward-looking statements, including, without limitation: risks related to fluctuations in gold prices; uncertainties related to raising sufficient financing to fund the planned work in a timely manner and on acceptable terms; changes in planned work resulting from weather, logistical, technical or other factors; the possibility that results of work will not fulfill expectations and realize the perceived potential of the Company's properties; uncertainties involved in the interpretation of drilling results and other tests and the estimation of gold reserves and resources; the possibility that required permits may not be obtained on a timely manner or at all; the possibility that capital and operating costs may be higher than currently estimated and may preclude commercial development or render operations uneconomic; the possibility that the estimated recovery rates may not be achieved; risk of accidents, equipment breakdowns and labour disputes or other unanticipated difficulties or interruptions; the possibility of cost overruns or unanticipated expenses in the work program; the risk of environmental contamination or damage resulting from Miramar's operations and other risks and uncertainties, including those described in the Miramar's Annual Report on Form 40-F for the year ended December 31, 2005 and Reports on Form 6-K filed with the Securities and Exchange Commission.

Forward-looking statements are based on the beliefs, estimates and opinions of Miramar's management on the date the statements are made. Miramar undertakes no obligation to update these forward-looking statements if management's beliefs, estimates or opinions, or other factors, should change.

All resource estimates are calculated in accordance with the Canadian National Instrument 43-101 and the Canadian Institute of Mining and Metallurgy Classification system. These standards differ significantly from the requirements of the United States Securities and Exchange Commission, which permits U.S. mining companies in their SEC filings to disclose only those mineral deposits that qualify as proven or probable "reserves" because a determination has been made based on an appropriate feasibility study that the deposits could be economically and legally extracted or produced. Accordingly, resource information reported in this disclosure may not be comparable to similar information reported by United States companies. The term "resource(s)" does not equate to "reserves" and normally may not be included in documents filed with the Securities and Exchange Commission, and investors are cautioned not to assume that "resources" will be converted into "reserves" in the future.

This disclosure uses the term "inferred resources". While this term is recognized by Canadian regulations concerning disclosures by mining companies, the U.S. Securities and Exchange Commission does not recognize it. "Inferred resources" have a great amount of uncertainty as to their existence and as to their economic and legal feasibility. It cannot be assumed that all or any part of the "inferred resources" will ever be upgraded to a high category. Under Canadian rules, estimates of "inferred resources" may not form the basis of feasibility or pre-feasibility studies except in rare cases. Investors are cautioned not to assume that part or all of an "inferred resource" exist or are economically or legally feasible.

This news release has been authorized by the undersigned on behalf of Miramar Mining Corporation.

To view the map attached to this release please click on the following link: http://www.ccnmatthews.com/docs/0525mae.jpg



Doris Drill Results

--------------------------------------------------------------------
Core Gold
From To Length Grade
Hole-ID Zone (m) (m) (m) (g/t)
--------------------------------------------------------------------

--------------------------------------------------------------------
06TDD599 Connector 205.6 206.8 1.2 1.4
--------------------------------------------------------------------
And 239.7 241.4 1.7 1.6
--------------------------------------------------------------------

--------------------------------------------------------------------
06TDD600 Connector 138.6 141.5 2.9 15.2
--------------------------------------------------------------------
Including 139.3 140.0 0.7 54.0
--------------------------------------------------------------------
And 200.2 201.2 1.0 7.4
--------------------------------------------------------------------

--------------------------------------------------------------------
06TDD601 Fence No significant assays
--------------------------------------------------------------------

--------------------------------------------------------------------
06TDD602 Connector 223.0 229.5 6.5 3.6
--------------------------------------------------------------------
Including 223.0 225.1 2.1 6.3
--------------------------------------------------------------------

--------------------------------------------------------------------
06TDD603 Connector 139.3 142.0 2.7 5.0
--------------------------------------------------------------------
Including 140.0 141.0 1.0 8.6
--------------------------------------------------------------------
And 195.0 198.0 3.0 3.5
--------------------------------------------------------------------
Including 195.0 196.0 1.0 8.9
--------------------------------------------------------------------
And 201.0 203.4 2.4 2.5
--------------------------------------------------------------------

--------------------------------------------------------------------
06TDD604 Connector 125.1 148.8 23.7 1.7
--------------------------------------------------------------------
Including 144.1 145.1 1.0 7.4
--------------------------------------------------------------------

--------------------------------------------------------------------
06TDD605 Connector 229.1 229.4 0.3 16.6
--------------------------------------------------------------------

--------------------------------------------------------------------
06TDD606 Connector 208.0 209.0 1.0 4.4
--------------------------------------------------------------------

--------------------------------------------------------------------
06TDD607 Connector No significant assays
--------------------------------------------------------------------

--------------------------------------------------------------------
06TDD608 Fence No significant assays
--------------------------------------------------------------------

--------------------------------------------------------------------
06TDD609 Fence No significant assays
--------------------------------------------------------------------

--------------------------------------------------------------------
06TDD610 Hole ID not used
--------------------------------------------------------------------

--------------------------------------------------------------------
06TDD611 Fence No significant assays
--------------------------------------------------------------------

--------------------------------------------------------------------


Madrid Drill Results

--------------------------------------------------------------------
Core Gold
From To Length Grade
Hole-ID Zone (m) (m) (m) (g/t)
--------------------------------------------------------------------

--------------------------------------------------------------------
06PMD380 Rand 73.2 79.0 5.8 4.0
--------------------------------------------------------------------
And 104.8 111.4 6.6 7.6
--------------------------------------------------------------------
Including 108.8 111.4 2.6 12.4
--------------------------------------------------------------------

--------------------------------------------------------------------
06PMD381 Rand 157.0 158.3 1.3 2.4
--------------------------------------------------------------------
And 228.2 229.4 1.2 2.5
--------------------------------------------------------------------

--------------------------------------------------------------------
06PMD382 Suluk 140.0 143.0 3.0 2.6
--------------------------------------------------------------------
And 194.5 199.0 4.5 1.7
--------------------------------------------------------------------
And 214.0 218.5 4.5 2.7
--------------------------------------------------------------------
And 250.0 254.5 4.5 5.5
--------------------------------------------------------------------
Including 251.5 253.0 1.5 13.9
--------------------------------------------------------------------
And 260.0 266.3 6.3 2.3
--------------------------------------------------------------------
Including 260.0 260.5 1.5 8.2
--------------------------------------------------------------------

--------------------------------------------------------------------
06PMD383 Rand 220.4 223.9 3.5 1.9
--------------------------------------------------------------------
And 576.0 577.0 1.0 7.9
--------------------------------------------------------------------
And 586.0 601.0 15.0 1.5
--------------------------------------------------------------------

--------------------------------------------------------------------
06PMD384 Rand 299.0 300.5 1.5 2.0
--------------------------------------------------------------------
And 317.0 318.5 1.5 2.1
--------------------------------------------------------------------

--------------------------------------------------------------------
06PMD385 Suluk 168.5 171.5 3.0 2.5
--------------------------------------------------------------------
And 217.9 222.3 4.4 2.4
--------------------------------------------------------------------
And 236.8 254.9 18.1 8.5
--------------------------------------------------------------------
Including 240.9 252.3 11.4 12.3
--------------------------------------------------------------------
And 307.3 312.4 5.1 2.1
--------------------------------------------------------------------

--------------------------------------------------------------------
06PMD386 Rand 224.9 236.6 11.7 4.6
--------------------------------------------------------------------
Including 228.0 228.9 0.9 19.0
--------------------------------------------------------------------
And 266.0 270.7 4.7 2.9
--------------------------------------------------------------------
And 275.5 277.0 1.5 1.8 open
--------------------------------------------------------------------

--------------------------------------------------------------------
06PMD387 Rand 294.0 296.8 2.8 4.9
--------------------------------------------------------------------
Including 296.0 296.8 0.8 11.0
--------------------------------------------------------------------
And 305.0 308.0 3.0 3.4
--------------------------------------------------------------------
And 311.0 322.0 11.0 4.3
--------------------------------------------------------------------
Including 314.0 318.0 4.0 8.8
--------------------------------------------------------------------

--------------------------------------------------------------------
06PMD388 Suluk 251.9 262.6 10.7 5.3
--------------------------------------------------------------------
Including 255.4 260.6 5.2 9.5
--------------------------------------------------------------------

--------------------------------------------------------------------
06PMD389 Suluk 267.0 289.5 22.5 1.7
--------------------------------------------------------------------
And 307.1 309.1 2.0 3.0
--------------------------------------------------------------------
And 316.0 317.8 1.8 2.0
--------------------------------------------------------------------
And 354.8 356.6 1.8 2.4
--------------------------------------------------------------------

--------------------------------------------------------------------
06PMD390 Rand 80.3 86.0 5.7 3.1
--------------------------------------------------------------------
Including 81.3 83.0 1.7 5.7
--------------------------------------------------------------------
And 228.0 233.5 5.5 1.5
--------------------------------------------------------------------
And 263.1 269.5 6.4 1.2
--------------------------------------------------------------------

--------------------------------------------------------------------
06PMD391 Rand 48.3 50.3 2.0 2.2
--------------------------------------------------------------------
And 335.0 336.5 1.5 1.6
--------------------------------------------------------------------

--------------------------------------------------------------------
06PMD392 Suluk 122.5 141.0 18.5 2.5
--------------------------------------------------------------------
Including 137.9 139.6 1.7 11.5
--------------------------------------------------------------------
And 145.2 153.6 8.4 4.9
--------------------------------------------------------------------
Including 145.2 149.0 3.8 7.0
--------------------------------------------------------------------
And 355.4 366.3 10.9 1.2
--------------------------------------------------------------------

--------------------------------------------------------------------
06PMD393 Rand 164.0 167.0 3.0 1.9
--------------------------------------------------------------------
And 182.5 185.5 3.0 1.5
--------------------------------------------------------------------
And 196.0 200.0 4.0 17.7
--------------------------------------------------------------------
Including 197.5 199.0 1.5 44.0
--------------------------------------------------------------------

--------------------------------------------------------------------
06PMD394 Suluk 120.8 124.7 3.9 2.9
--------------------------------------------------------------------
Including 121.8 122.7 0.9 7.9
--------------------------------------------------------------------
And 193.0 201.2 8.2 2.6
--------------------------------------------------------------------
Including 200.2 201.2 1.0 8.2
--------------------------------------------------------------------
And 204.0 212.0 8.0 3.6
--------------------------------------------------------------------
Including 205.5 208.0 2.5 5.1
--------------------------------------------------------------------

--------------------------------------------------------------------
06PMD395 Rand 21.1 28.5 7.4 1.8
--------------------------------------------------------------------
And 48.0 51.0 3.0 2.9
--------------------------------------------------------------------

--------------------------------------------------------------------
06PMD396 Rand 182.0 183.5 1.5 2.8
--------------------------------------------------------------------
And 356.8 362.0 5.2 2.6
--------------------------------------------------------------------
And 393.5 396.0 2.5 4.1
--------------------------------------------------------------------
Including 395.0 396.0 1.0 6.0
--------------------------------------------------------------------
And 417.0 418.5 1.5 1.6
--------------------------------------------------------------------

--------------------------------------------------------------------
06PMD397 Suluk Hole Abandoned
--------------------------------------------------------------------

--------------------------------------------------------------------
06PMD398 Suluk 126.9 134.1 7.2 4.3
--------------------------------------------------------------------
Including 126.9 130.8 3.9 5.8
--------------------------------------------------------------------

--------------------------------------------------------------------
06PMD399 Rand 40.0 60.5 20.5 4.4
--------------------------------------------------------------------
Including 44.5 52.0 7.5 9.0
--------------------------------------------------------------------

--------------------------------------------------------------------
06PMD400 Fence 1 No Significant Assays
--------------------------------------------------------------------

--------------------------------------------------------------------
06PMD401 Suluk No Significant Assays
--------------------------------------------------------------------

--------------------------------------------------------------------
06PMD402 Suluk 224.8 227.3 2.5 7.1 open
--------------------------------------------------------------------
Including 225.9 227.3 1.4 10.3 open
--------------------------------------------------------------------
And 288.4 314.0 25.6 2.3
--------------------------------------------------------------------
And 344.0 345.0 1.0 4.5 open
--------------------------------------------------------------------
And 482.3 501.0 18.7 1.6
--------------------------------------------------------------------

--------------------------------------------------------------------
06PMD403 Rand 33.0 37.5 4.5 1.5
--------------------------------------------------------------------
And 62.5 72.0 9.5 3.3
--------------------------------------------------------------------
Including 67.5 70.5 3.0 6.4
--------------------------------------------------------------------

--------------------------------------------------------------------
06PMD404 Rand 39.5 41.0 1.5 1.3
--------------------------------------------------------------------

--------------------------------------------------------------------
06PMD405 Rand 27.5 33.0 5.5 3.3
--------------------------------------------------------------------
And 39.0 40.5 1.5 2.3
--------------------------------------------------------------------

--------------------------------------------------------------------
06PMD406 Fence 1 No Significant Assays
--------------------------------------------------------------------

--------------------------------------------------------------------
06PMD407 Rand 69.4 70.5 1.1 3.1
--------------------------------------------------------------------
And 95.6 97.0 1.4 2.2
--------------------------------------------------------------------

--------------------------------------------------------------------
06PMD408 Suluk 355.4 361.6 6.2 1.7
--------------------------------------------------------------------
And 370.6 378.1 7.5 2.0
--------------------------------------------------------------------
And 382.6 396.1 13.5 2.0
--------------------------------------------------------------------

--------------------------------------------------------------------
06PMD409 Rand 170.6 173.0 2.4 3.8
--------------------------------------------------------------------
Including 170.6 171.7 1.1 6.1
--------------------------------------------------------------------
And 212.3 214.8 2.5 5.2
--------------------------------------------------------------------
Including 213.3 214.8 1.5 6.2
--------------------------------------------------------------------

--------------------------------------------------------------------
06PMD410A Rand 282.4 284.0 1.6 2.8
--------------------------------------------------------------------
And 352.5 355.5 3.0 3.5
--------------------------------------------------------------------
And 359.0 364.3 5.3 2.1
--------------------------------------------------------------------

--------------------------------------------------------------------
06PMD411 Rand 135.1 144.3 9.2 2.0
--------------------------------------------------------------------
Including 139.8 141.3 1.5 5.2
--------------------------------------------------------------------
And 151.0 158.9 7.9 2.3
--------------------------------------------------------------------
Including 157.0 158.0 1.0 5.6
--------------------------------------------------------------------
And 166.4 169.4 3.0 1.8
--------------------------------------------------------------------
And 233.0 237.5 4.5 2.4
--------------------------------------------------------------------

--------------------------------------------------------------------
06PMD412 Suluk 105.6 112.0 6.4 2.1
--------------------------------------------------------------------
And 134.5 141.9 7.4 2.8
--------------------------------------------------------------------
Including 139.3 140.4 1.1 6.7
--------------------------------------------------------------------
And 148.2 159.4 11.2 4.2
--------------------------------------------------------------------
Including 150.8 152.1 1.3 8.8
--------------------------------------------------------------------
Including 155.9 157.6 1.7 6.8
--------------------------------------------------------------------
And 346.6 347.7 1.1 6.8
--------------------------------------------------------------------
Including 347.4 347.7 0.3 16.4
--------------------------------------------------------------------

--------------------------------------------------------------------
06PMD413 Suluk 14.6 15.2 0.6 36.0
--------------------------------------------------------------------
And 333.4 337.4 4.0 2.2
--------------------------------------------------------------------
And 384.0 388.0 4.0 2.6
--------------------------------------------------------------------
And 414.3 415.8 1.5 5.2
--------------------------------------------------------------------
Including 414.3 415.1 0.8 8.0
--------------------------------------------------------------------

--------------------------------------------------------------------
06PMD414 Rand 109.0 109.9 0.9 5.8
--------------------------------------------------------------------
And 152.0 153.0 1.0 2.3
--------------------------------------------------------------------
And 159.2 160.3 1.1 1.8
--------------------------------------------------------------------

--------------------------------------------------------------------
06PMD415 Rand 95.5 115.0 19.5 3.3
--------------------------------------------------------------------
Including 96.5 99.7 3.2 9.3
--------------------------------------------------------------------
And 142.0 160.0 18.0 1.3
--------------------------------------------------------------------
And 182.0 191.0 9.0 1.5
--------------------------------------------------------------------

--------------------------------------------------------------------
06PMD416 Suluk 20.0 49.8 29.8 13.4
--------------------------------------------------------------------
Including 20.0 44.0 24.0 16.2
--------------------------------------------------------------------
And 53.3 54.8 1.5 3.1
--------------------------------------------------------------------
And 57.5 61.3 3.8 1.7
--------------------------------------------------------------------

--------------------------------------------------------------------
06PMD417 Suluk 68.7 79.1 10.4 1.1
--------------------------------------------------------------------

--------------------------------------------------------------------
06PSD108 Suluk 95.8 97.3 1.5 2.0
--------------------------------------------------------------------
And 100.3 105.5 5.2 1.5
--------------------------------------------------------------------

--------------------------------------------------------------------
06PSD108A Suluk 59.1 60.5 1.4 3.2
--------------------------------------------------------------------
And 279.5 281.1 1.6 3.8
--------------------------------------------------------------------
And 293.9 298.0 4.1 3.3
--------------------------------------------------------------------
Including 295.3 296.8 1.5 6.0
--------------------------------------------------------------------
And 324.2 336.9 12.7 2.5
--------------------------------------------------------------------
Including 331.6 332.5 0.9 10.6
--------------------------------------------------------------------

--------------------------------------------------------------------
06PSD109 Fence 2 No Significant Assays
--------------------------------------------------------------------

--------------------------------------------------------------------
06PSD110 Suluk 81.3 86.3 5.0 2.9
--------------------------------------------------------------------
Including 82.3 83.8 1.5 5.3
--------------------------------------------------------------------
And 89.0 90.8 1.8 3.3
--------------------------------------------------------------------
And 209.6 230.9 21.3 7.1
--------------------------------------------------------------------
Including 212.9 225.0 12.1 10.8
--------------------------------------------------------------------

--------------------------------------------------------------------
06PSD111 Fence 2 319.4 320.6 1.2 1.5
--------------------------------------------------------------------

--------------------------------------------------------------------
06PSD112 Suluk 117.0 121.0 4.0 3.1
--------------------------------------------------------------------
Including 117.0 118.0 1.0 5.0
--------------------------------------------------------------------
And 127.4 129.8 2.4 2.1
--------------------------------------------------------------------
And 141.0 144.8 3.8 1.9
--------------------------------------------------------------------
Including 144.0 144.8 0.8 5.2
--------------------------------------------------------------------
And 217.9 229.7 11.8 5.2
--------------------------------------------------------------------
Including 220.8 222.3 1.5 7.6
--------------------------------------------------------------------
Including 226.5 229.7 3.2 8.8
--------------------------------------------------------------------
And 234.0 238.0 4.0 4.6
--------------------------------------------------------------------
Including 234.0 235.0 1.0 8.7
--------------------------------------------------------------------

--------------------------------------------------------------------
06PSD113 Fence 2 No Significant Assays
--------------------------------------------------------------------

--------------------------------------------------------------------
06PSD114 Suluk 196.5 203.7 7.2 22.5
--------------------------------------------------------------------
Including 196.5 197.0 0.5 306.0
--------------------------------------------------------------------

--------------------------------------------------------------------
06PSD115 Suluk 68.2 69.4 1.2 1.8
--------------------------------------------------------------------
And 107.2 108.5 1.3 14.4
--------------------------------------------------------------------

--------------------------------------------------------------------
06PSD115A Suluk 107.8 110.2 2.4 15.4
--------------------------------------------------------------------
Including 107.8 109.3 1.5 23.0
--------------------------------------------------------------------
And 242.0 246.0 4.0 1.6
--------------------------------------------------------------------

--------------------------------------------------------------------
06PSD116 Suluk 88.4 92.9 4.5 2.9
--------------------------------------------------------------------
And 143.8 144.9 1.1 4.1
--------------------------------------------------------------------
And 177.3 180.0 2.7 1.8
--------------------------------------------------------------------
And 382.6 383.7 1.1 2.3
--------------------------------------------------------------------
And 393.3 398.2 4.9 2.7
--------------------------------------------------------------------
Including 395.8 397.3 1.5 5.7
--------------------------------------------------------------------

--------------------------------------------------------------------
06PSD117 Suluk 40.5 43.4 2.9 2.0
--------------------------------------------------------------------
And 47.8 48.2 0.4 3.4
--------------------------------------------------------------------
And 143.5 147.0 3.5 2.3
--------------------------------------------------------------------
Including 146.0 147.0 1.0 5.9
--------------------------------------------------------------------
Assays Pending
--------------------------------------------------------------------

--------------------------------------------------------------------
06PSD118 Fence 3 No Significant Assays
--------------------------------------------------------------------
06PWD022 Wolverine Fence No Significant Assays
--------------------------------------------------------------------
06PWD023 Wolverine Fence No Significant Assays
--------------------------------------------------------------------
06PWD024 Wolverine Fence No Significant Assays
--------------------------------------------------------------------

--------------------------------------------------------------------
06PWD025 Wolverine Fence No Significant Assays
--------------------------------------------------------------------



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