DD info

I will post a website address (in the comments area of this post) to Century’s presentation at the Denver Gold Forum from September 2007. I would recommend that people listen to about 5 minutes of it as part of the DD process. The presentation is about 16 minutes long but most of it is completely outdated. Century’s focus is completely different now versus back then. Back then the company was in transition with having to deal with phasing out the Sigma o/p operation and being focused on the unsuccessful takeover bid for Shahuindo / Sulliden. August 2007 (the month prior to the presentation), was the start of the whole global credit crisis situation (phase 1 being the asset backed securities collapse in Aug.’07) – that’s when financing starting drying up for the juniors.

You can listen from the 4:25 mark to the 9:00 mark of the presentation if you like – that’s the part of the presentation where it’s relevant to our efforts with Lamaque u/g.

1) Peggy talks about updating the resource total with ounces up to 1000 ft. This version of the 43-101rpt was eventually released in Jan’08. As a result, this 43-101 rpt (Jan’08) included both existing 43-101ounces (from various levels in the mine) plus the newly added ounces up to 1000 ft (see note 2 for details). Subsequently (in 2009), ounces from 1000 to 2000 ft and ounces from 2000 to 2600 were added to the Jan’08 43-101 total. Ounces will continue to be added until the Vulcan modeling team reaches 6000 ft.

2) You can hear Peggy talk about the discovery of 1.7M ounces located between Sigma (Placer Dome owned) and Lamaque (Teck Cominco owned). We now know that area as the Cross Over Zone in the 43-101 report. You will see the slide (around the 7:07 mark) that identifies the ounces as being located from 0 to 1000 ft of the surface – another slide around the 6:38 mark also identifies the zones from 0 – 1000 ft. You will notice that those ounces are labeled Cross Over Zone, Sigma West Zone, Road Zone and North Wall Dyke. You will notice that the ounces are essentially the same as what we currently have booked in the 43-101 rpt for those zones. You will also observe that Peggy confirms that these ounces are all located 1000 ft of the surface. There are 2 versions of ounces profiled on the slide – @ 2.5 g/t cutoff and @ 3.5 g/t cutoff.

3) This is where you can see an example of how a change in cutoff grade might impact our total ounces. In this example, reducing the cutoff by 1 g/t, from 3.5 g/t to 2.5 g/t, increased ounces by 32% (for ounces located within 1000 ft of the surface) – 7:07 mark.

4) You can hear Peggy mention about the existence of some historical drill data that supports bulk mining potential in the Lamaque plug – around the 7:27 mark.

5) You can hear Peggy mention about the additional drill hole (s) for the Bedard Dyke, which enabled the company to identify multiple high grade zones going all the way down in the dyke – around the 6:00 mark.