Wednesday, March 3, 2010

Potential future drill programs

This 150,000 ft drill program is strictly an underground program at Lamaque (lasting for 3 years). I wouldn`t be surprised if we launched another 2 drill programs at some point down the road once Lamaque is up and running and cash flow is solidly rolling in. We could eventually see the following 3 drill programs occuring simultaneously (at some point down the road):

1) the 150,000 ft underground drill program at Lamaque

2) surface drilling on Century`s other extremely high potential properties adjacent to Lamaque but outside of the Lamaque complex

3) San Juan (and surrounding properties in Peru)

In addition, we know about our J/V drill program at Carolin, operated by Module. I expect that program to become aggressive once Module secures financing or generates cash flow from the tailings processing initiative.

Also, I wouldn`t be surprised if we bring in a J/V partner to (initiate and) run with exploration efforts on our Northbelt (NWT) property, perhaps at some point later this year or next year. This would be yet another drill program associated with Century properties. During the last conference call, Peggy said that she has received J/V inquiries with regards to this property.

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