U.S. REPORT Vinta returning consistent wide intersects at Illinois

The remaining holes from a 38-hole drilling program on the Illinois Creek project in the western interior of Alaska have returned wide intersections of gold-silver mineralization. The drilling program by Vinta Explorations (VSE) is part of an infill and stepout program designed to upgrade and increase previously reported preliminary reserves of 1.7 million tons grading 0.071 oz. gold per ton and 2.05 oz. silver.

The mineralized zone is believed to be either a shear structure or a collapsed breccia. Drilling and trenching on the property have tested about 3,000 ft. of strike length with the zone still open to the northeast and southwest.

Vinta expects to have an updated preliminary reserve completed by early December. Depth Intercept Gold Silver Hole (ft.) (ft.) (oz./ton) (oz.) 15 200 90 0.070 1.39 16 225 145 0.072 — 17 180 90 0.062 2.11 18 100 55 0.074 7.84 19 100 75 0.18 1.76 20 200 110 0.049 1.16 21 125 70 0.11 1.57 22 165 100 0.059 0.64 23 80 75 0.13 0.84 24 170 90 0.032 — 25 100 20 0.065 — 26 160 35 0.087 — 27 160 35 0.064 — 28 150 25 0.054 — 29 100 45 0.083 — 30 130 no significant results 31 190 15 0.053 — 32 200 45 0.055 — 33 160 50 0.060 — 34 200 no significant results 35 200 no significant results 36 200 20 0.035 37 200 65 0.068 3.37 38 200 115 0.051 0.70