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We have maximized our exploration of the entire district-with minimal cost-in part by using data that was previously collected but underutilized. For example, as part of this district-wide strategy, the team recently began work on the Paititi zone. Eaglecrest management (prior to 2002) had spent $15 million on geologic and engineering studies of this area, but never finished exploration of the zone. Fifty-two holes were drilled from 1996 to 2000. We cleaned up the data from these studies and are putting it into our own three-dimensional computer model-which would equate to over $2 million in exploration costs if we were to drill these holes today.

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