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> 2012 Twin Peaks Phase 3 Drilling

> 2009 - Twin Peaks Phase 1 and Phase 2 Drilling Program Video

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Twin Peaks Phases 1 & 2 Drill Report Summary

It has been previously determined that mineralization of the property is controlled by the numerous cross cutting fault structures and their associated quartz and Rhyolite veins. This has been proven true in these phases of drilling. Indeed our higher values have been associated with the larger quartz veins, although a number of narrower streaks have been encountered. Drilling at 45º allows us to isolate individual high angle structures that vertical drilling would possibly miss. By careful plotting of these locations further drilling at 90º has a reasonable assurance of intersecting these structures and testing for continuation at depth and resource evaluation.

This round of drilling has established that the Quartz structure that hosted the Hayes mine, the “Quartz Dike”, does indeed continue beneath the alluviums far beyond the known exposure as has been suggested by the satellite photography. On the west end it has been intersected nearly a quarter mile beyond its previously known limits. And to the east it has been found beneath the blanketing alluviums over 1000’ farther than previously mapped.

Drilling on the suspected west extension of this structure intersected Quartz in two holes. Hole # 6, and Hole # 7. Additionally, Satellite imagery had suggested a number of structures running parallel to the Quartz dike that had not been explored. Drilling has confirmed that these structures also host mineralized quartz veins beneath the alluviums. One running parallel to the Quartz dike 100 feet to the north was intersected by drill hole # 31. Another structure, half a mile to the north, by the Swiss Bell, plays host to a swarm of Quartz veins in parallel echelon. drill hole # 38 cuttings showed a similar assemblage of Quartz veins separated by diorite dikes.

All of these occurrences need to be investigated in more depth during the Phase 3 program. If geologic continuity can be established, this will increase the length of the mineralized structure to nearly 2 miles. The extension of these structures increases inferred resource numbers ,however infill drilling needs to be done to greater depth to establish indicated or measured resource. North south trending structures on the property are also host to gold enrichment.

Drilling was conducted on an east trending flank ridge of Hayes peak in an east west lattice. A lattice of east-west angled holes was drilled south and west of the Hayes claim in the area identified as the volcanic breccia.

Of further interest is the area around Drill holes 38 and 39. It is believed that this area should be deep drilled further and the anomalous radioactivity be more thoroughly tested. By a geophysicist with a down hole scintillometer.

The upcoming Phase 3 drilling program will determine material grade at depth.

Selected Assay Results of Twin Peaks Phases 1 and 2 Reverse Circulation Drill Program

Hole
Footage*
Sample #
AU GPT(1)
AG GPT(2)
AU OPT(3)
AG OPT(4)
Hole #9
30-35′
3177
0.03
4,979.00
<0.001
159.33
Hole #9
35-40′
3178
6.58
76.50
0.21
2.45
Hole #13
235-240′
3338
0.07
4.80
0.00
0.15
Hole #13
240-245′
3339
0.38
9.40
0.01
0.30
Hole #16
60-65′
3403
4.11
2.70
0.13
0.09
Hole #16
65-70
3404
6.75
3.50
0.22
0.11
Hole #16
70-75′
3405
3.09
2.00
0.10
0.06
Hole #19
80-85′
4016
1.17
<1.7
0.04
<0.05
Hole #19
95-99′ T.D.
4019
7.82
9.20
0.25
0.29
Hole #25
0-5′
4120
0.17
35.00
0.01
1.12
Hole #25
10-15′
4122
<0.03
20.10
<0.001
0.64
Hole #25
15-20′
4123
62.85
310.50
2.01
9.94
Hole #25
80-85′
4136
0.99
34.50
0.03
1.10
Hole #29
25-30′
4205
<0.03
5.90
<0.001
0.19
Hole #29
55-60′
4211
37.34
201.60
1.19
6.45
Hole #29
85-90′
4217
<0.03
11.60
<0.001
0.37
Hole #31
100-105′
4260
6.48
75.90
0.21
2.43
Hole #31
105-110′
4261
1.99
34.50
0.06
1.10
Hole #31
110-115′
4262
22.97
15.40
0.74
0.49
Hole #31
115-120′ T.D.
4263
3.74
2.80
0.12
0.09
Hole #35
65-70′
4297
30.99
269.20
0.99
8.61
*T.D. = Total Depth of hole, i.e. to the bottom of the hole
(1) Gold grams per metric ton (2) Silver grams per metric ton (3) Gold ounces per metric ton (4) Silver ounces per metric ton