holdover proceedings should promptly reject any rent payments until advised otherwise by counsel.
operations, the Company has started installing three autoclave units and one gasification unit.
in July 2005 the mineralized ore from the build up of underground operations will be treated in batches to determine and optimize the metallurgical characteristics of the ore and the performance of the gold recovery circuits.
Bonaventure Enterprises Inc holds an option to earn an interest in this property and intends to drill 5,000 feet of RC drilling and 1,000 feet of core drilling over a total of 10 to 20 angle holes commencing
in early July 2005.
We achieved a number of goals in 2004 and look forward to commencing
construction in 2005 as soon as we have the remaining financing in place.
in the spring of 2005, Full Metal will initiate an extensive exploration program including mapping and prospecting, airborne and ground geophysics as well as diamond drilling.
The Board of Trustees declared a dividend for the period commencing
January 15, 2005 and ending April 14, 2005 of $0.
Under Phase 3, the sellers' have an option to deliver additional natural gas volumes commencing
between 2010 and 2012, subject to further drilling success on Block A-18.
We anticipate this trial commencing
in the second half of 2005.