“In the Bekisopa Area we have identified 4 new iron
prospects, Beki 2, Beki 3, Zone C and Zone F. These
prospects merit drill testing to determine their
The Company has been requested by regulators to publish
a clarification of the Spector report to the Company
referred to above. Dr. Spector delivered the
clarification which was published, as follows:
Clarification of Spector Report on Bekisopa
In June 2007, the Company completed an extensive
investigation of geophysical airborne and ground surveys
of areas west and south of Bekisopa to identify
prospective geophysical features. Dr. Allan Spector, a
Qualified Person for the purposes of National Instrument
43-101, carried out the ground geophysical
investigations on the identified
airborne anomalies and presented his report. Dr. Spector
carried out 21 detailed gravity and magnetometer surveys
on approximately 60 km of lines.
Principal results of the 2007 gravity surveying in the
vicinity of the known Bekisopa iron deposit (Beki1) are
A 2.5 milligal gravity anomaly was observed over the
Two additional gravity anomalies were observed,
one kilometer west and one kilometer east of Beki1
Beki2 and Beki3.
All three gravity anomalies are associated with
varying magnetic relief.
Cline intends to drill test the two additional gravity
anomalies to determine whether or not they reflect iron
with a view to determining their grade and thickness.
Until this drilling has been completed and results
obtained, estimates of mass in these three prospects
have no economic significance. Readers are cautioned
that the “estimated total mass” identified in our July
30, 2007 news release is conceptual in nature, there has been insufficient exploration to
define a mineral resource and it is uncertain if further
exploration will result in the target being delineated
as a mineral resource.
The Company cautions that the resources referred to
above are historical in nature, were compiled prior to
the adoption of NI 43-101 and therefore are not
compliant with NI 43-101 requirements. While the Company
believes these historical results provide an indication
of the potential of the property and are relevant to
ongoing exploration, the Company has not independently
analyzed the findings of the reports and no reliance
should be placed on the findings of such reports.