Quarterly Activities and Cashflow Report

Hi All,

The September quarterly report has been released and can be found here.

Overview at a glance:

CORPORATE

·         Strong Cash Position 30^th September 2011 ~ $13.1 Million.

·         Cornerstone Investment from Craton Capital LLC - $8 Million.

Business – Gold Exploration and Discovery

Ø  Twin Bonanza Gold Camp Discovery Success:

·         Extensional Drilling Success at the 1.67Moz gold Buccaneer Porphyry Deposit.

·         Caribbean Discovery Extended with 36 metres averaging 2.06g/t gold.

·         New Discovery at Cypress Prospect with 26 metres averaging 5.53g/t gold including 7 metres averaging 20.13g/t gold.

·         New Discovery at Empress Zone with 43 metres averaging 1.02g/t gold.

·         Ultra-high grade drill intercepts at Old Pirate Northern Extensions including 9 metres averaging 100.9g/t gold including 2 metres averaging 413.5g/t gold.

·         Bulk Trenching continues at Old Pirate with results pending.

Ø  Regional Drilling Programs:

·         Discovery confirmed at Kroda 3 Prospect at Barrow Creek with 29 metres averaging 6.38g/t gold.

·         Drilling completed at various targets at Lake Mackay (pending assay).

Ø  An additional 16,000 metres of drilling completed during the Quarter, awaiting assay, compilation and interpretation.

Regards,

Darren

Published: 10th October 2011.