a eee

As previously reported, the extent of the surface occurrences on this property warrants an
extensive diamond drilling and underground exploration programme. However, this work will be
deferred until the Cassiar and Clinton mines are at full production and some of the uncertainties in the
Provincial and Federal taxation fields and labour legislation are clarified.

GENERAL EXPLORATION

A general exploration programme was carried on in Northern British Columbia and the Yukon,
but no showings of economic interest were found.

ACKNOWLEDGEMENTS

The directors express their appreciation of the loyalty and continued effort of the staff and
employees during this period of transition and growth and extend a welcome to the new members of
the Cassiar Organization.

On behalf of the Board,

F. M. CONNELL, J. D. CHRISTIAN,
Chairman. President.

Toronto, Canada,
March 7, 1968.

PAGE SIX