Converse Property

• Location
  •  
    • Famous Battle Mountain-Cortez mineralized trend in north-central Nevada
    • 13 km from Newmont's Lone Tree process plant
    • 8 km from Goldcorp's Marigold Mine (with 2008 production of 96,000 oz gold at 0.5 g/t)
• NI 43-101 Technical Report - 2004 (Au ~$300/oz)
  •  
    • Measured + Indicated Resources:  3.9M oz gold (239Mt at 0.5 g/t gold)
    • Inferred Resources:   500,000 oz gold (32Mt at 0.5 g/t gold)
• IMZ to Complete Scoping Study - Q3 2010
  •  
    • Focus on evaluating higher-grade model for early start-up
    • Potential for toll processing at Lone Tree facility
• $1.3M Budget in 2010