Carotare lies two kilometres to the west of the Carmen with a surface expression of twice the length of Carmen. Approximately 75 holes have been drilled on multiple structures at Carotare to date. The initial resource estimate based on the first 28 holes reported Measured and Indicated resources of 71,000 oz Au at 0.82 g/t au, and 2,523,000 oz Ag at 29 g/t. Inferred resources include 103,000 oz Au at 0.85 g/t and 2,987,000 oz Ag at 25 g/t.
An updatd mineral resource estimate is expected in January 2010.