The drilling season at our JV project with Red Rock Resources Plc, at the Melville bugt in NW-Greenland has come to an end for this season, with over 4000 meters drilled in 27 holes. The team of 30 emploees have arrived back to their homes for a well deserved break.

It´s safe to say that the results have been good so far, excellent core recoveries and data collection are being achieved, and satisfactory results have been received from the drilling completed to date. The results of half-core laboratory assay from the first drillholes of the program from the Havik East Prospect have been received, and detailed analysis of these in comparison with previously-announced field XRF results is underway; initial indications are that, on average, an increase in grade can be expected.