Updates From The Corporation and Joey (read from bottom up...most recent at top)

Updates 2006 - Part 1                     ( Part 2 (2007) is found here)

12/31/2006

GBRP Treasure Hunters,

I apologize for the delay in posting this update... I got it on Dec 22, but with the in-laws coming and the kids running around like maniacs before Christmas, it just got put aside until I had time and then... well I forgot after that until today. I'm really sorry!

It is, in fact, fantastic news as it is more proof that the gold is there, waiting to be plucked up! The team took off a few days around Christmas, but are back to work this week. I expect we will have some excellent news in January and that 2007 will be a GOLDEN year for us all.

Suzanna and Joey

PS. When he wrote this update, he actually updated the last update with the new information. Since that was already sent out and posted, I have simply extracted the new information for this update. In case it doesn't seem to flow, that is why. I have also included some info he sent me in the meantime thru emails.

We just received a new update as well... look for it under Dec 31

Dec 22
Seasons Greetings:

I was finally able to complete a recovery site excavation/tunnel plan for the surface to about 70 feet deep (to the best of my knowledge at this time and subject to amendment/revision as additional information is obtained).

We had a nice surprise yesterday with gold chips showing up yesterday as we were conducting the drilling for humanitarian purposes and not for the purpose of locating deposits.  I had not even checked that area for gold deposits previously. More details below.

The additional locating activities conducted this week revealed that the tunnel or subsurface anomaly containing the deposits between the “iron walls” appears to be part of a complex descending tunnel system.  The area we found the initial deposits in is on the northerly corner of the original Japanese excavation with the green marking on the  image indicating the approximate boundaries of the three foot thick layer of decaying wood we found  at the 64 to 67 foot depth.  The depth of bedrock layer has been significantly altered around this area and from the soil strata and other testing we have conducted, it appears that the surface border of the original Japanese excavation is approximately 9 to 10 meters further away from the green marker. 

During the extensive locating activities, we found that there are several other “targets of possible interest” (not gold) in that first portion of the tunnel starting at the entrance on the north corner (depicted by red lines).  However, we have also found indications of a booby trap (bombs) placed halfway between each target as well as a series of bombs arranged around the “entrance” at the start of the tunnel system. 

Not shown on the sketch is another descending tunnel approximately a third of the distance from the joining tunnel (which runs past our existing excavation on the south east side).  This other perpendicular tunnel running to the northeast does not appear to intersect the tunnel system shown.  The main tunnel turns left just inside our inner perimeter security fence and appears to have a series of steps descending then turns left again along the inside of our inner fence.  After it turns left again, there are additional steps and four passageways (only three are shown on this sketch for clarity) which appear to run into some sort of rooms or open areas in the middle of our project site.  The recently identified tunnel system is shown in red and is only shown in the approximate area as it will take significantly more work to verify the information.  There are several other tunnels (not shown) running NE to SW but we expect that these tunnels are significantly deeper and know that they run roughly parallel to the long tunnel shown passing under the fence (the outer black border).

The sketch was promulgated primarily to show the extent of the tunneling operations we have conducted to date.  The blue lines provide approximate tunnel dimensions.  The gray boxes show current excavations from the surface with the largest excavation near the center being the main excavation and has been excavated to over 50 feet deep.  The other two “gray blocks” depict shallower excavations (shafts) of 22 feet to 25 feet total depth from the original surface.  The tunnel system (blue) floor is approximately 36 feet below the original surface with the ceiling being approximately 29 feet deep. The mauve color markings indicate our original planned excavation size from the surface down to approximately 36 feet deep but we had to significantly reduce the excavation size due to lack of capital.  Also please note that the blue tunnels were excavated through areas we have identified gold targets in but have found that in most cases, the gold targets are still below the tunnel floor.  It now appears that a few of these gold targets may be above our tunnel system.

Yesterday (Wednesday) December 20, we had cut into the area below the middle shaft (see the blue tunnel just outside the original Japanese excavation marking and inside our original planned excavation size) and found that the signal is still below the floor of the tunnel so this morning, I had the crew follow the sand layer and marker rocks towards a deposit location we have not drilled but know the location is just on the south westerly edge of the west corner of the excavation.  With only three meters to tunnel, we anticipate reaching that position by Saturday.  While we do not know the actual depth of that deposit, with some of the rock markers pointing in that direction and the thick sand layer continuing that direction, it is worth investigating.

On the afternoon of Tuesday December 19, we moved our rotary drill over into the corner of our outer perimeter security fence in order to drill a water well for the small community of people residing there as well as for our needs.  The site was selected solely on the basis of having the best potential to hit a source of free flowing water.  Drilling commenced Wednesday morning and the drilling crew quickly reached bedrock within an hour or so.  Again we encountered hard material but when the crew pulled the drill rods to check the bit, they immediately noticed traces of brass on the bit and the next few inches of drill rod. 

While it was interesting, I had suspected it was likely just part of the brass rod we use to weld the tips into the drill bit.  However, an hour later we checked the bit again and were surprised to not only find more brass marks on the drill rod but we also found several relatively large chips of the material laying in the bottom of our discharge water drain ditch.  We collected the chips we could find and one in particular was noticeably different in that it was about a quarter of an inch in length, had a distinct reddish tinge to it,  and had been “peeled” off of the source material but was quite hard (pure gold is very malleable) and did not bend easily.   Xxxx, the American Mining Engineer checked it and said it was gold but likely had been cut with copper (as Chinese gold is) or coated with some other material.  Naturally, with some excitement building, I took the chips back to my house and tested two of the larger chips with the electronic gold tester.  The chips tested as 18 karat gold.

Yes, it appears that we are finally very close to a treasure deposit and while I have hopes that we may hit it in the next few days, that is not likely.   While I rarely put out a direct request for additional investment funds, unfortunately, the capital on hand is inadequate to operate next week. I also understand that, financially, it is a difficult time of the year for many people, but we urgently need operating capital.  If anyone is able to immediately provide any financial support whatsoever, it is crucial at this time.

Best regards,
xxxxxx

Dec 24

Due to the time of the year and it getting dark sooner here, the crew worked until 4 PM yesterday (Saturday) and then went home for their usual Sunday off.  Most of them have about an hour bus ride and then a 20 minute walk through bush on  a really rough "goat trail" to get home.  It is difficult in the light (not including keeping an eye out for the big Cobra snakes) let alone after dark.

The President here declared Tuesday as an additional National Holiday so most of the crew will not be back to work until Wednesday morning.  The tunneling operation is within about 2 meters of the last target in the series so we plan to complete that section which should be done in 2 days.  Before they complete that tunnel, we will make a decision on the next target as we have recovered several good direction/marking signs in the last few days.  While we hit gold with the drill at only 20 feet deep drilling a water well, that area is still on our property but outside our fenced/secured area and unless we cover it up somehow, the whole neighborhood will be watching us. 

We were drilling a water well in the corner of our property primarily for our security and the benefit of the local community where we have a crew house and where 3 of our crew members live.  The old man who started this "village" is the one whom I originally arranged the project with.  They had previously been carrying water about one half a kilometer from a source of water.  Late in 2005, we drilled and hit free flowing water inside our now secured area but naturally, we do not want the locals coming and going in the secured area.  To temporarily get around the problems of "cutting them off from the water", we ran a plastic hose from the water source to the outside of our inner security enclosure but that also causes us several problems and we would prefer to keep everyone outside of the outer security perimeter.

As such, I had located what I believe is a source of free flowing water which is about 8 or 10 feet inside the southerly corner of our property.  To my way of thinking, this is to our benefit as we can still control the water for our own needs, if necessary, but it can easily be piped under the fence.  This is the area that we drilled in and hit the gold.

Now we are trying to come up with a plausible reason (or "cover story") to dig a hole to bedrock in order to recover the gold.  Just building a concrete cistern to hold the water is a good enough reason but we do not want the entire local populace watching us lift out the gold as we likely would not make it very far before having major problems.

We have been planning on building a suitable crew house/security post on the property but the area where we were drilling is not the optimum location for this and the construction will take more money so... we will think through the various ramifications and promulgate a proper plan over the next several days.

We know that we are less than 20 feet away from other deposits but it would sure be nice to have some sort of equipment that would take a picture through even just 20 or 30 feet of ground so we knew exactly where it is.  To the best of my knowledge, I can determine the exact position of the deposits from the surface but, other than the drilling rig, I have no way of being able to find the depth to the target and the drilling rig is very limited in its ability as we can not control the exact position of the drill bit.  We have to work in 3 dimensions so, in the tunnel, I can still find the targets below us in most cases but I have not been able to figure out yet how to determine the horizontal positions.  In other words, as I go down into the excavation, I can get indications of deposits at various levels and one of these is on top of the bedrock pointing at the position of the "brass" we hit with the drill a few weeks ago, also at about 20.5 feet deep.  However, I did not hit the silver box which had appeared to be at the same depth as we are now tunneling at and when we tunneled to that location, I still get a signal indicating it is below the floor of the tunnel.  That does, however, put the target very close to our main excavation which was down some 16 feet below the tunnel floor.

The brass target we hit a few weeks ago would be the next most logical target but we did not get any gold chips here, only brass on the drill steel.  Decisions, decisions, decisions!  We had planned to buy a large excavator which could open up the excavation to the size we had originally planned and would also get us down to these targets quickly but the cost ranges from about $30,000 up to $100,000 for the size of excavator we need and the daily operating costs also run up quickly (particularly if you buy a used $30,000 machine that breaks down regularly).

It is Christmas Eve here now so I am on my way home to do some more paperwork and will be at the site tomorrow to do some more work there and check on things.

Dec 28

While most of the crew remains working in the tunnel, I had 2 guys cut in to a shallow gold target a few feet in on the west corner of the excavation.  Unfortunately it was only mineral gold, easily visible flakes in a layer from about 9 to almost 12 feet deep but...  Gold miners all over the world would have a hey day with it but it is not what we are looking for.

In the past few days, we have come up with a lot of additional targets inside the compound which I am trying to map (and make sure that they are not mineral gold as well).  So far, I have staked and color coded the targets down to a 30 foot depth and yesterday, I am positive that I found the target we hit with the drill last December 15 (2005).  It can only be about 4 feet from our excavation wall but I basically spent several days doing some more locating and it just kind of fell together (everything started to seemingly make sense with the patterns found). It is really tempting to pull the crew out of the tunnel in an attempt to verify this target before the end of the year but we are also fairly close to completing that tunnel which is now almost to the target area containing what we believe is the same size and type of target.

Dec 31

GOLD RECOVERY PROJECT UPDATE    06-12-31

Greetings

On this last day of 2006, it seemed fitting to briefly review the recovery project history before bringing you up to date on the current activities.  In the fall of 1998, I was contacted by a former business associate who was operating a gold refinery in Canada and quickly realized the potential for a tremendous opportunity in xxxxxx.  I traveled to the there twice in 1999 to establish an aviation support operation for the gold recovery operation being conducted by the former associate.  When I returned to Canada from my second trip on July 16, 1999, if you could have foretold the events of my life for the next seven plus years, I likely would have had a hard time deciding whether to stay in Canada or to return (if I would have even believed you at all).  In Canada, I was enjoying life and making good money working as a helicopter pilot/salmon fishing guide at the exclusive Nimmo Bay Resort and as an aviation consultant in the off-season.  The xxxxx represented a lot of hard work, a completely different form of continuing education and a series of financial challenges which would be offset with a very big payoff at some point.  However, I also saw a unique opportunity, not only for my personal benefit and to improve my life financially and otherwise, but an opportunity that would also enable my family, friends, investors and others to reap the benefits and improve their lives.

On January 5, 2000 I left Canada again, with the intention of only being in there for a month but have not made it home yet!  It has been a real eye-opener and I have certainly obtained an education not available anywhere else in the world, a fact that I am sure other financial and operational members of our recovery team can attest to.  While I do enjoy challenges, in many ways this has truly been an “Indiana Jones” type adventure.

As far back as I can remember as a child, emphasis on living “the Golden Rule” was stressed (“Do unto others as you would have them do unto you”).  Later, I learned the importance of gratitude, of developing a creative rather than a competitive mindset and that “success, winning or victory” is a result of efficient completion of a series of what may appear to be seemingly unrelated acts.  In working with our “Golden Opportunity” here, I have found this “outlook” to be so beneficial.  We have been able to obtain and operate the recovery project against great odds, because those outside parties (land owner, developer, caretaker) involved will obtain significant financial benefits when our Recovery Team and organization benefit.  The Investment Team members providing the necessary investment capital to conduct recovery operations will obtain significantly better financial benefits than they could have possibly obtained elsewhere when our Recovery Team and organization benefit.  We have been able to develop a great and talented Project Work Team because we pay them well and they will also obtain significant financial benefits as a profit share when our Recovery Team and organization benefit.  When our Recovery Team and organization benefits, funding will be provided for humanitarian and development projects so the local populace will also benefit.  All in all, a WIN-WIN situation has been created for the benefit of many.

While I first became aware of the site and conducted a significant amount of research on it the first half of 2000, we only commenced work on the Gold Recovery Project on November 15, 2004 after concluding comprehensive agreements with the land owner, the land developer’s project manager and the property caretaker.  The project was started with operating capital from my immediate family members and a few friends.  Other people heard about the Project and became financially involved from time to time.  While there was never large capital infusions enabling us to acquire the heavy equipment which may have expedited the recovery operation, the funds received enabled us to carry out exploratory manual excavation activities and to conduct extensive research, locating activities and a successful drilling program in November and December of 2005.

In late December of 2005, project funding had dried up and we had no choice but to temporarily stop the project until another source of funds became available.  After several months of discussions followed by a site visit in February, an internet based investment group became involved with the project (that's us!) and other individual investors have also become involved.  It took some time to get everything in place but before continuing the Recovery Project, we surveyed the primary area of interest and arranged a lease-purchase of the property in May, 2006.  We then brought in some heavy equipment to level and prepare the property prior to erecting an inner perimeter security fence around the main area of interest.  That was followed by an outer perimeter fence.  We also acquired and assembled a pre-owned truck and self-loading style crane as well as buying a large Melro 943 Bobcat skid steer loader.  The equipment has increased our productivity by three to four times with fewer workers.

As we did not have adequate funding to acquire or operate other heavy equipment which would enable us to efficiently dig a larger primary excavation as originally planned, we selected a 12 foot by 12 foot area identified during the drilling program and excavated down to about 38 feet total depth or about 36 feet below the original surface.  At that point, we tunneled almost 40 feet to the south attempting to find a target we had hit with the drill December 15, 2005.  Eventually that tunnel connected with our first excavation which was dug in 2004/early 2005.  From about the midway point on that main tunnel, we drove a secondary tunnel about 34 feet to the east, again trying to intercept the initial target as well as another target hit by the drill in December 2005 (bulldozing the area caused us to unexpectedly lose our reference points to those targets).

Another tunnel was then cut west to a potential target and then we turned that tunnel back to the north towards another target.  The last tunnel was driven just inside the mouth of the main tunnel in an effort to pickup the last two targets in the westerly corner of our excavation site (see the sketch sent with the last update) and shorten the distance necessary for removing the excavated materials.  In all but three of the targets, we still have a target signal coming from above or below the tunnel after having dug through the area of interest meaning that they are shallower or deeper than our tunnel.  In the other three cases, the targets are still indicated as being straight out from the end of the easterly tunnel, the westerly tunnel starting from the mouth of the main tunnel and from the short northerly tunnel running under the middle shaft driven down from the surface in late 2005 (see sketch submitted with previous update).

While we went for a considerable period of time without getting any signs or markers or other evidence of man having been in the areas we are tunneling through, in the past several weeks, we have recovered over 130 markers engraved with markings used by the Japanese Military.  I have included a photo of only one of these rocks so that you can see a sample of what we are finding.  

Note the clearly visible engraved arrow.  This particular photo was selected to show the rock shape and arrow but when viewed from above, you can actually see the line is comprised of several arrows pointing in several directions and continuing around the edge to conclude with a large pointer.  It indicates that the Treasure is divided in many parcels in the directions indicated.  The two small but wide arrows pointing in the opposite direction is a Japanese military symbol indicating a tunnel.  Xxxxx, the American Mining Engineer, is pretty skeptical about many of the markers but there are so many engraved markers such as the one in the attached photo that even he is excited and acknowledges that they have to be man made and proof that man has been down where we are tunneling.

While being able to locate, determine the approximate depths and get to these precious metal deposits is not an exact science, the “School of Hard Knocks” has contributed significantly to our education in this area with our locating equipment.  If there is other equipment that is capable of “looking” through the ground in these conductive, volcanic soil types, we have not been able to find it and even a world renowned Professor of Geophysics who visited our Recovery Operation several weeks ago with a mutual friend and project investor was not able to recommend any other type of equipment which will work under these conditions.

For the past two weeks, I have again been carrying out extensive locating activities and trying to correlate this data with our previous data and have staked and color coded the targets down to approximately a 33 foot depth.  Not only are we looking for individual targets but also for patterns which appear and which may lead us to other information or deposits.  By so doing, we have come up with a lot of additional shallow targets inside the compound and we were also able to verify the targets at the end of the tunnels as well as the potential location of the first elusive target hit with the drill December 15, 2005.  The position of this “elusive target” only appeared to be about four feet from our main excavation wall and several of the targets immediately adjacent to our hand dug excavation would likely have been recovered had we been able to utilize heavy equipment to dig the larger primary excavation originally planned.

For this short work week which we finished yesterday (Saturday December 30), while most of the crew remained working in the tunnel, I had two of the crew members cut in to a shallow gold target (indicated at about 10 feet deep) a few feet in on the west corner of the third excavation shaft driven down from the surface and directly above the target at the end of the westerly tunnel.  Unfortunately, it was only mineral gold, easily visible flakes in a layer from about 9 to almost 12 feet deep with a thin layer of rocks above and below the area.  Gold mines all over the world would have a hey day with the material we found but it is not what we are looking for.  I now have to go back and try to individually check the dozens of shallow targets in order to try to verify if they are all mineral gold as well.

It was really tempting to temporarily pull the crew out of the tunnel in an attempt to dig out the target anticipated to be the first hit with the drill last December.  Instead, after completing the short dig to the mineral gold, we had other crew members tunnel into the elusive target by working from the crane basket when the crane was not being used to support the tunneling.  Late yesterday morning (Saturday December 30), they found the drill hole almost four feet into the wall and about 28 feet below the original surface level.  The locating equipment indicates that the target is directly below the exposed drill hole and almost behind the hole from our current perspective.  Due to the long New Years weekend, for security reasons, I had them stop work at that point.  On Tuesday when we go back to work, the crew will continue the main work in the westerly tunnel while a couple of crew members shall follow the drill hole down several feet deeper.  It is relatively fast work as all of the rock and debris can simply be dumped into the main excavation sump.

Our other potentially good news at the end of the work week is that our westerly tunnel is very close to the target indication on the immediate west corner of the excavation.  From the indications previously received from the locating equipment, it is expected that the precious metals are enclosed in some sort of cement deposit container.  When the crew came up from the tunnel at the end of the work day, they reported having hit a large rock at the end of the tunnel.  We have not had any large rocks at that level for the last three or four feet of tunneling.  Not wanting to draw attention to it with a long weekend upon us, again for security reasons, I just left it at that but it is entirely possible that the rock may actually contain what we are looking for or that the target may be behind that rock.  A few more days should tell.  Indeed, we are knocking on the door in four tunnels now as the extensive locating activities of the past few weeks indicate that we may have stopped tunneling a few feet short of the targets in the other tunnels.

As previously mentioned, while gold recovery is certainly not an exact science, we saw this opportunity as the greatest of opportunities where jointly, we as the Recovery Project Management/ Operational Team and our Financial Support Team members all have a tremendous Golden Opportunity to benefit together and obtain a more abundant life for everyone involved.  What we want for ourselves, we want for our investors, our employees and our organization.  We have a clear concept of what we are seeking, we know that it is there and have obtained quite an education with regards to the history and methods utilized in placing these deposits.  The determination and perseverance is paying off and the Golden Opportunity is becoming a Golden Reality.

Thank you for believing in us, investing with us and being part of the Recovery Team.  We could not have done it without you.  Enjoy a happy, safe and prosperous New Year.

Best regards,
XXXXX

12/18/2006

Hello Treasure Hunters and a happy holiday season to you all!

As you will see in the update below, we are getting closer and closer to the target(s). We are sending more funds to keep the digging going, they are still very much needed however. The next update will probably be late December or early January... unless of course, there is a special announcement to make and THAT update could come at any time...

Have faith, you will be justified.
Many thanks and Merry Christmas,
Suzanna and Joey

GOLD RECOVERY PROJECT      06-12-16

Greetings:
 
The work at the Recovery site continues and we have certainly had some unusual and interesting results in the past several days.  We also had another typhoon go through the region a few hundred miles to the south of us which is somewhat unusual at this time of the year.  The typhoon killed a large number of people in the storm path and, while it was quite a ways from us, we sure got a lot of rain from it.  The rain did not cause a lot of damage at the site other than soaking the freshly moved soil and turning it into a quagmire.  Since the rain stopped, we have had four days of hot sun and the top four to six inches of the surface is dry so we can walk around the site now without sinking in gumbo mud to the knee’s but it is not yet dry enough to be able to use our 943 Bobcat loader to clear the dirt and rock from the work area.
 
Our scanning and locating activities continue on a regular basis and I have been trying to determine if the EM Subsurface Imager works better in wet or dry surface conditions.  It does not appear to make much difference.  While conducting multiple passes on the same areas over several days, I was able to locate some additional targets of interest on the south westerly side of the excavation.  I  also obtained a very strong response from our EM Scanner from the most easterly target in a set of three targets on the northerly corner of the original Japanese excavation site which would be about 15 meters north of our existing excavation site.  These series of  targets run in an east-west direction as does the “mirror image” deposit on the southerly corner of our excavation area.  I had originally located these targets late last year and they were imaged by an electromagnetic subsurface imaging system in March of this year (see attached photo 06-03-27 N Corner Deposits). 

The EM System used was the “little brother” to our system in that it utilizes two similar computers, the same operating system but the antennae contained only 8 sensors while ours employs 16 sensors.  Technically, our system should have significantly better performance but for some reason it doesn’t.  We are presently trying to correct this problem but the system manufacturer is not being too helpful and Professor John Reynolds (Reynolds Geo-Sciences) has agreed to research this on our behalf.
 
According to the other EM System owner/operator, the image (06-03-27 N Corner Deposits) indicates 3 gold deposits and when the 3D image was viewed on the computer, by rolling and turning the image, you could actually see that the two predominant targets (light blue/green color) appeared to be a stack… wider and deeper/thicker at the base while narrowing at the peak.  The operator was also surprised by the red “walls”, something he had never seen previously.  He felt that this had to be some sort of ferrous material (iron) lining the tunnel walls.  The computer generated measurement system indicated that the walls were approximately 8 feet high and the top of the walls would be some 10 meters below the surface of the ground.
 
Our EM system does not pickup both walls but we have spread about two feet of soil from the excavation over the area since it was scanned with the other system which could certainly affect/change the signal.  We do however, have a very strong target indication in those areas with both the EM system and our locator. This is likely the best signal obtained to date with the equipment since acquiring it earlier this year.  Our EM Imaging System computer indicated a depth to target of  about 10.88 meters.   Our other locator also indicates the walls are about eight inches thick and roughly six feet apart.  The “tunnel” appears to terminate with an end wall several feet to the left of the left/center target on the image and continues across our compound to the east, turning south a few feet inside our inner perimeter security fence.  As we had determined before commencing the current excavation, there is also a T off of the tunnel just to the right side of the image that runs directly to the south easterly side of our main excavation.
 
As such, the drilling crew has drilled multiple holes to bedrock (about 20.5 feet deep at this left/centre position) across the walls and the target indicated on the left/centre of the image.  We drilled a series of seven holes with tight spacing across the area but nothing obvious in the drill discharge so we moved one foot to the west and drilled across the area again with a series of seven holes.  We did have some small flecks come out on one of the recovered cores which xxxxx, the mining engineer identified as being particles of gold but it was not enough to get too excited about.  On Thursday afternoon, we moved the drill to the indicated center of the target right of center of the image and we plan to drill through this area to a depth of about 100 feet unless we hit gold at a shallower depth.  It has been harder than normal drilling through the bedrock starting at about 20.5 feet below the surface to about 30 feet but we have hit some extremely hard material which has taken about 10 hours of drilling time to go about 8 inches  Normally, we were previously able to drill through 16 to 18 feet of granite and bedrock one or two times with one drill bit and at an average rate of about one to two inches in ten minutes.  So far, we have spent roughly 24 hours drilling in the harder than normal material (or an average rate of less than one inch in ten minutes) and have gone through six or seven bits.  Naturally, we are hoping to break through into the tunnel, drill through the stack of gold (or at least one bar) and get a lot of gold chips returned to the surface.  Realistically however, that will be unlikely unless the tunnel has been solidly backfilled.  However, if the drill breaks through into a void, it will at least verify the actual tunnel depth for us.  Gold is very soft and the bit will likely bind in the first bar and spin it, if it is a loose stack.
 
As previously mentioned, the EM Imaging system and our other locator has identified several other targets on the south westerly side of the excavation where we have tunneled.  Since the last update the recovery crew sank an additional shaft on the westerly corner of our excavation and the original Japanese excavation to determine if the northerly most target of the series of three deposits was situated on top of the bedrock layer (the southerly most deposit in this series yielded traces of brass on the drill steel at about 20 feet deep).  The deposit in this northerly position is certainly deeper than the surface of the bedrock but, when checked from the bottom of the conjoined shaft, our locator indicates a target on top of the bedrock exactly in the same direction as the location where the drill had traces of brass on it.  This is more than just a coincidence but the distance to that target is going to be approximately 6 meters and the soil is not stable enough to be able to tunnel horizontally to the deposit.  This means that we will either have to go from the surface down to bedrock again, or be able to reinforce the soil before and during the tunneling activities.
 
When I was working with the EM Imager earlier this week in the bottom of the new shaft and the portion of a shallow, exploratory shaft on the westerly corner of our excavation (see photo), the only strong signal/anomaly that I was able to find was on the main excavation side of the exploratory shaft sunk last year,  below the floor of that portion of the excavation. 

 
It appears that this deposit target is at approximately the same level as the tunnel floor and that the container is likely made of cement.  The signal coming from the floor of the original shaft indicates the target size is roughly three feet square.  By going into the tunnel and checking the signal from that point, it appears that the target is roughly three feet high.  However the contents of the deposit container does not appear to be gold.  Rather the indication is possibly silver but more likely palladium or platinum (now that would certainly be a bonus at about twice the value of gold) and possibly some precious stones.  We did not search for targets other than gold in this immediate area and for that reason, it has only been positively identified in the last few days as we knew something was there.
 
The excavation crew went back into the west side tunnel to investigate this target (which is not gold) identified during the scanning activities earlier this week which we believe is very likely to be in the same level as the main excavation bedrock layer.  As they started another side tunnel to the north off of the west side tunnel, almost immediately, they encountered about a one foot thick sand layer at the correct level to be 30 to 31 feet below the original surface.

Again, that was quite a coincidence in my point of view.  As you may recall, last December, when we drilled and hit the "brass target" it was harder drilling through rock down to the 30 foot depth mark and the drill rod suddenly dropped quickly through a layer and then we hit another four to six feet of hard rock.  It was in a one foot thick layer of sand where we hit the brass and had some gold chips come out exactly one year ago yesterday (December 15, 2005)!
 
After we encountered the sand layer, we started getting Japanese rock signs or Markers.  We have literally had dozens of these of unique rock markers (signs) come out of the excavation in the last several days.  These rock “Markers” can often have unique characteristics such as cuts, holes, indentations, depressions, shapes, letters or figures and there are plenty of them coming out now, which is very exciting for us.
 
One Filipino man, who has visited us a few times, showed up unexpectedly on Thursday.  He is pretty good at reading the Japanese markers (a “tracker”).   About an hour before he arrived, I had silently thought of how beneficial it would be to have him at the site at that time.  Another interesting “coincidence”!  The tracker was certainly excited about all the signs and markings on the various rocks.  Some of the markers indicated Japanese Imperial Army, Gold, Tunnel,  and Poison within 2 meters.  This morning we recovered markers with arrows pointing directly at the place we expect the target to be.
 
Late Thursday afternoon I went back into the tunnel to check on the crew’s progress and to attempt to determine the positions of our targets in reference to the tunnel.  Immediately, I noticed two square rocks (one large and one small) still embedded in the floor and lower wall at the end of the tunnel where they are working.  From close to the end of this side tunnel, the target location now appears to be right of center at about 30 degree’s.  With the apparent shift in target location and with it moving that fast, we have to be quite close to the object radiating the signal.  That direction is pointing directly toward the west corner of the main excavation and to the west of the mouth of our main tunnel.   As the main tunnel was only about 10 feet away, rather than try to move all the big rocks and other excavated materials an additional 30 to 35 feet through the tunnel system, I had the crew go back to the mouth of the tunnel and cut another side tunnel to the west which intercepted the other tunnel at a point about four feet in from the west corner of the excavation.  I apologize for not being able to provide a site plan (due to time constraints with the project and operations) with this update, showing all of the information contained herein as it is certainly difficult enough at times for me to keep it straight,  and I work with it every day of the week.  I will try to develop an updated plan over the next few days and send it out.
 
This new side tunnel is just inside the main tunnel entrance and at a right angle to the main tunnel.  By last night (Friday night), the crew had gone in about four feet and, once again, they started getting Japanese rock Markers about two feet into the new side tunnel.  This morning, I quickly measured the existing tunnels and had the crew shift the tunnel direction slightly to the right in order to just intercept the previous tunnel on the left side of this new side tunnel.  Subject to not having a power failure or other unexpected setback, I would expect to intersect this other tunnel yet today.
 
As another interesting “coincidence”, between the mouth of our tunnel and the new side tunnel, we have an area where the water running out of the ground caused rust (oxidation) to form.  While rust/oxidation is fairly common in some areas (and in the upper sand level of the first excavation in this project site), this is the only place in the current excavation and all of the tunneling activities where the rust formation has occurred.  I would expect (and hope) that the source of the rust will have something to do with the target we are working towards.
 
Yes, it appears that we are finally very close to a treasure deposit and, of course, I have great hopes that we may hit it yet today as we will be completely out of money after making payroll today.  While I rarely put out a direct request for additional investment funds, unfortunately, there are no funds to operate next week, not to mention covering off other payables incurred to date. I also understand that Christmas is just around the corner and that, financially, it is a difficult time of the year for many people, but we urgently need operating capital.  If anyone is able to immediately provide any financial support whatsoever, it is crucial at this time.
 
Best regards,

xxxxxx

12/5/2006

Hello GBRP Treasure Hunters!

Lots of info from last several days from site manager. Still no blue, but we have hit SOMETHING on one of the targets (see below) with the drill and they are digging towards it now as you read this.

What they have been doing is drilling in areas where the scans are showing targets and tunneling towards them at the same time. They finally hit a target with the drill. They are digging towards it now. What came up on the drill is what appears to be brass (see photo and explanation  below) so we are hoping they can reach it and that inside will be what we are really hoping for!

We will send another update as soon as we hear something from the site, good news or bad. We are on the edge of our seats... you will be too after you read the updates of the last few days! LOL

Til then, all the updates below.
Suzanna and Joey


11/27
Hi Joey,

We started drilling at 8 AM, hit rock 30 minutes later at approximately 24 feet and stopped tonight at about 27 feet and used 2 bits doing that. While the number of bits used gets very expensive, the good thing is that it indicates similar conditions as when we hit the first target last December 15.

I did not get the other email done as I spent last night reviewing a lot of my notes and previous updates and basically spent the morning and a good portion of the afternoon scanning the site with the EM system time after time after time and also used the rods. The results are interesting but it also means that, at this time I have to revise the numbers down for the brass boxes at 31 feet deep. While I get the same signal and same size deposits, I have come to the conclusion that, while there are still 4 deposits in each line running out of our excavation site, that only the third box out from the excavation is the brass box at 31 feet deep. Also, while I did not measure the exact distances on the northerly and southerly sides of the excavation there appear to be 4 of the brass boxes about 12 feet apart and parallel to our excavation while the distance between the brass boxes on the easterly and westerly side seem to be about half that distance apart. I will have to stake them out on Monday to know for sure but I am going to guesstimate that would amount to either 22 or 24 boxes. This number does not include the targets in the Y's running off of each line but I can only assume that those targets will also be at various depths.

If the drill does not get too far off course while we are going down and we can hit the target again, the good news is that 2 of these targets would be within three or four feet of the wall of the existing tunnels we spent all that time digging.

I say that because when we drilled into our existing tunnel when xxx was here, we found that the drill steel was off dead center straight down by as much as 16 or 18 inches when it broke through the top of the tunnel which was about 27 feet deep. Based on that and considering that these targets are only 18 inches or so square, the fact that we actually hit those targets before must have been either luck or a blessing (I tend to consider it a blessing) and really explains why we were unable to hit the deeper targets.

I plan to drill at least 4 holes in a line on the southerly side... one for each of the targets in that line.

Also, when I checked the sub-surface anomaly that I expect was the ramp the Japanese used to get down into the bottom of the excavation (running due north to south and along the easterly edge of what we expect to be the original Japanese excavation), it was approximately 6 meters (20 feet) wide and 125 meters (estimated 390 feet) in length. If there is only one ramp and it ran down at a 30 degree incline, that would put the deep deposits at least 133 feet deep. I suspect that the big ones are much deeper than that so maybe there was another ramp or ???

All for now but I will work on the other email yet tonite and in the morning.

Best regards,
XXXXX

Nov 29
Hi Joey,

I did not make it to the email yesterday.  If I can't get in during the day, I normally try to get in at least by 6:30 PM for an hour but last night, by the time I got home from the site, I was bagged.  I lay down for a few minutes and the next thing I knew, it was 11 PM.

We are still drilling down.  It is extremely hard and this is the third full day and 6 bits so far to get down to the target.  But we are not there yet.  We had to change the bit late this morning and lost about 3 feet of the hole which took all afternoon and another bit to recover the loss.  I expect that a piece of the hard material we are drilling through fell out of the barrel and wedged sideways causing the drill to have to redrill through the same area again. The core samples acquired this morning are substantially heavier than the granite rocks we were drilling through and must be hardened silica cement or something much denser than granite - the Japanese used this hard cement to close off or bury deposits.  We are now down at about 32 feet at quitting time today (Tuesday).  We have spread roughly 1.5 to 2 feet of soil on top of the area so we should only have to drill about a foot to get to the original depth of 31 feet.

However, this afternoon, I had some of the crew dig down above our next planned drill target which is another "anticipated brass box containing gold bars at 31 feet original depth" just to see if we could find a drill hole.  Guess what?  It was there.  As per my email the other day, as this target is the third one away from the excavation, that means that this has to be the first hole where we hit the target with the drill last December 15th.  And it appears to only be about 4 to 6 feet away from the original tunnel.    So tomorrow morning, the crew will clean out the tunnel, reinstall the shoring and start tunneling toward the target.  They should be able to tunnel to it just as fast as the drill could punch a new hole down.  Wish us luck as we certainly need it this week!

I will get you an update yet this week and would hope that we might see that cruddy green color you talked about previously by Thursday or Friday which would certainly make for a good update.  At least we can still dream and hope!

Best regards,
XXXXX

Nov 30
Hi Joey,

We finally got through with the drill in the first hole today but did not come up with anything exciting.  XXXX was watching when the drill broke through into the first void as anticipated at about 33 feet below the surface and I was there when it went through the sand level but no noticeable brass powder or gold chips showed up. This hole took 7 bits... ouch! That is a record for us... and at a cost of about $175 for the bits alone.

So late this afternoon, we moved the drill to the third target.  Yes, the third target.  The crew started reinstalling the shoring in the tunnel this morning and by the end of the day, they had tunneled at least 2 feet into the westerly wall at about 4 feet wide towards the second target.  We did hit one big rock which will be somewhat difficult to get out of the tunnel but I expect that the crew can dig to the target area faster than the drill could bore down to it.  As our budget is tight, rather than go down, we elected to try to get to the target.  Lets hope it pays off.

Best regards,
XXXXX

Dec 1
Hi Joey,

The following message was sent to you Thursday evening... and it is being resent as it does not appear that you received it...

The work continues... The drill hit something extremely hard at 20.5 feet. It does not want to penetrate it even with a winch exerting 2 to 3 tonnes additional pressure. Just before the crews break this afternoon, we pulled it out of the hole and there were traces of brass or copper on the drill stem about 8 inches from the tip of the bit.

Although it wasn't nearly as well defined as the first target we hit last December, it was definitely there. A couple of teeth had broken so we changed bits and put it down again. An hour later it had only moved down about a half inch with the winch putting as much pressure on as possible. So we shall continue tomorrow.

The tunneling crew reached about 6 feet into the wall by quitting time today.

All for now...
XXXX

Dec 2

The tunneling crew is in the area of the target at 31 feet deep but no drill hole or target yet.

The drill definitely hit something brass at about 20 feet below the surface and we have markings on the drill steel in 3 areas. YES, I did get photos but it certainly is not well defined as it was last December.

11/17/2006

Update from site manager:

Greetings…

In mid October, we had another typhoon go through our area which gave us an excuse to give the recovery crew some well deserved time off.  The crew rest break and time off was only planned to last a week but the real reason for the break was to give us a chance to find some extra operating capital for the project.  Unfortunately, it took quite a bit longer to obtain some funding than anticipated but on  Friday November 10, we received email notification that a small transfer of funds had been sent.  During the same week, I was also able to sell the old Isuzu truck we had been using and the combined funds provided adequate capital to repair the Bobcat 943 loader and have operating capital for the next two weeks.  As such, we notified the crew and were back to work on November 13th.  The crew cleaned up the site and checked the excavation walls on Monday and started digging in the main excavation.  Progress has been quite good and as of 11 AM today (Friday November 17th), we have reached a depth of 48 feet.

The photo below shows the view looking down into the excavation site this morning and was taken from the north westerly side of the excavation. 

With rainy season coming to a close, it has been relatively dry for the past month and the water table has subsided to about 21 feet below the surface as can be seen in the photo by the wet walls.  The tunnel entrance on the right hand side was the main tunnel driven in August and September.  It ran about 40 feet in toward the initial digging we conducted at the site some 2 years ago as per the previous updates. When we decided to conduct some exploratory digging at the end of the tunnel, within a few days we broke into the previous excavation making it too hazardous to continue due to soil collapses.  The other apparent tunnel entrance in the center of the photo was a short exploratory tunnel we pushed in about 8 feet in order to check some other potential locations.  While it would be extremely beneficial to have a Ground Penetration Radar System enabling us to image the subsurface areas without the need for tunneling, at this moment, that would require substantial additional investment capital being made available.  Barely noticeable behind the crew member in the pinkish hard hat (it was originally red in color) is one of our drill holes from last Decembers drilling activities.  Another drill hole may be noted in the excavation wall above and slightly right of the wall of the short exploratory tunnel.

 Above the crew member in the green hardhat, you can see water running out of the main tunnel along the 8 inch thick cement “floor” we poured in that tunnel.  Less than 3 feet below that “floor” is relatively soft layer of material comprised of layers of sand, clay and mixes of the two.  I suspect that this is another Japanese Booby Trap which will keep collapsing the deeper we get and will effectively limit the depth we can excavate to without cementing in the walls.  When adequate operating capital is received we will have to secure the walls in this area to prevent cave-ins and soil collapses.  Meanwhile, we anticipate being able to cut down another 7 to 10 feet before having to deal with these walls.  Notice the complete difference in soil types from the sketch previously sent which was made only some 40 feet south of this excavation

In this next photo you can easily see the “steps” we cut into the excavation before rainy season in an effort to prevent soil collapses.  

Also apparent is the ground water level 21 feet below the surface and the new bamboo ladder we built yesterday.  The other ladder is 36 feet tall and, whereas it used to stick out above the hole, at this depth, it was getting difficult for the crew members to get down to reach the ladder.  The new green bamboo ladder is 28 feet tall and is placed in one of our exploratory excavations which we were previously using as a sump for water but will now use for access. On the surface of the ground beside the yellow pump discharge hose, several feet away from the edge of the excavation, a light colored rock is visible.  Our fundamental plan (when we obtain adequate capital) was that this point was to be the corner of the original planned excavation which was to be at least 32 feet by 32 feet.  We will still expand the excavation to this size upon receipt of adequate capital (or recovery of the first deposit container) and it shall be constructed in such a fashion to provide permanent access to the deeper deposits.  In effect, it is planned to be the “elevator shaft/stairwell” of the secure facility planned for construction over the site.

This point is directly over the edge of a wide tunnel that runs past the excavation site on the northwesterly edge (Northeast to Southwest/NE-SW), although at a much deeper level than we have currently reached.  A similar parallel tunnel also runs along the southeasterly edge of the excavation.  A significantly narrower tunnel system crosses below the excavation floor in both directions (NE-SW and NW-SE) with the crossing point of the tunnels almost dead center below our excavation.  These two tunnel systems appear to be on different levels and we now anticipate finding the initial gold deposits for recovery within the smaller tunnel which appears to be above the 3 foot thick layer of decomposing wood encountered by the drill at 64 feet deep.  This is, of course, our present target.

In the last photo taken from the northerly corner of the excavation, you will likely notice that we have moved the boom truck to the far side of the excavation. 

The cab of the truck is sitting directly above the 40 foot long side tunnel driven off of the main tunnel some 30 feet below the truck. The main tunnel we had excavated in August and September runs from the southerly corner of the excavation (below the sandbags) towards the blue drums while the tarp covered, trailer mounted generator (visible directly in front of the truck) is sitting over the location of our initial excavation at this site (started November 2004).  The water (lower left hand corner) is the free flowing water we hit with the drill at some 220 feet deep which was the deepest hole we have drilled to date.

While the financial situation has caused some difficulties over the past 6 weeks or so, the work continues to the extent possible.  We trust that additional investment capital will be forthcoming and have also been working diligently on other potential sources of revenue which would provide the financial resources necessary to get to the initial deposit.  As you are all well aware, once the initial deposit is recovered, the rest, as they say, “shall be history”.  The balance of the recovery project can be internally financed and we may also be able to look at some of the other recovery projects regularly presented for consideration.

Best regards,
xxxxxx

11/ 22/2006
I spent the afternoon today trying to get a hydraulic drive belt for the Bobcat. We have replaced the hydraulic hoses and completely rebuilt the fuel system as well as welding the cracks in the chassis and one hydraulic cylinder. It was working very well until this morning when we blew the main hydraulic pump belt.

Most of the rock has been moved out of the compound and the crew surprised another deadly Cobra Snake while moving the rocks. It was a small one... only about 3 feet long but I still would not want to be bitten by it. There is likely one more in there but the Bobcat will be down for another day until this belt comes in. We have enlarged the bottom of the hole to get back to our 12 foot by 12 foot dimension and I can not tell you how deep we are as I never made it back until after dark. I would expect to be at 50 feet if they made their normal progress.

10/9/2006

Note From Joey 10/9

Hi Everyone

Joey here...I would like to say a couple of things, so will dive straight in:

Anyone amongst you who has ever built a house, renovated a house or an auto or a boat or become involved in any sort of major 'project' etc, will know that with any task or project of any description; the more unknown quantities you have the more likely the project is to run over time and over budget. Well this is exactly what is happening here with GBRP, nothing more nothing less. How can you predict typhoons, equipment failures and the myriad of other unpredictable and unknown situations that exist with a project of this type?

The project owner and I are very aware that we are over both budget and time frame based on the original predictions. For this we most sincerely apologise to you all. There was never any intention to mislead or predict unobtainable results, it is just the nature of this sort of project as mentioned above.

You have the distinct advantage over any other net based project I have ever seen, in that you are privvy to up to date detailed information on exactly where we are at. I have never seen another project be so open and honest with its investors and I have been involved in net based projects for many years now.

You also need to know we are always here. We are still here doing exactly what we said we would do as quickly and efficiently as possible. Every effort is being made (in several ways) to repay you your initial loan amounts as soon as is possible.

That way relief will settle all around. Relief from your point of view as you will then have zero risk and from ours in that we will have repaid a swag of loans and now our fiscal responsibilities will have decreased, making it that much easier to focus on the main event - finding and recoverying the 'blue'.

I am happy to make myself available directly at gbpjoey@safe-mail.net . This will be a way that you can talk directly with me should you feel the need. Suzanna is available as usual, but at this point in time I will make myself available as well.

We truly thank you for your continued patience. We know you understand that we are moving onward and upward as fast as we possibly can and that we all would like to see some 'blue'...  Suzanna, the project owner/manager and myself included!!

I do hope the latest update helps you understand a little more about this unusual and unique project.

I send you all finest regards and like you am really looking forward to the day when our risk is a big fat ZERO and all that remains is to look forwards to profits - yeah!!!

9/11/2006

Hello Treasure Hunters!

Well, last update we were inches away from the target and they have actually gotten to the spot they were aiming for but... no joy. Here is a paraphrase from the site manager that sums it up:

"If you'd asked me a week ago how far away we were from the first recoverable target, the answer would have been less than 1 foot. But now having actually gotten to that 'spot' where we thought the blue would be, we have found out that it is in the same place, as viewed from the surface, but DEEPER.

The problem here is that the new scanner is not showing depth as well as it should - we need experience in operating it (see below) - and to sort this problem out the guys who we paid to do the original scans a few months ago are visiting the site again at the end of this week or early next and they will calibrate our scanner from theirs and hopefully do a few more scans when they are there for good measure..."

In the meantime the digging crew have gone off in the direction of another target but knowing that when they get there it may be deeper than they think - we are talking 5-10ft deeper here in both cases.

The good news is that they have had very good weather which has enabled them to make very good progress with their horizontal tunnels and also not to have to spend most of the day pumping out the water!

Below is a full report and photos from the site manager. But we just wanted to remind everyone of the terms of the loan for this project as there were some questions after the last update:

Terms and Conditions

The payback will be a MINIMUM of 5:1 but  will surely be more. As a veteran of disappointing HYIP projects, "Joey" would rather promise less and produce more so the return and timeline have been adjusted accordingly.

There will be the possibility of further projects with this same corporation in the future. Even though they won't need funding once they hit gold, they will not be forgetting those that helped them over the last hurdle.

The Corporation has agreed to pay us back our original loan amount with the very first gold brought up - at which point you will have a stake at zero risk.

Then the profits will come in probably two stages after that, all within 12 months (probably less) for a total ROL (return on loan) of AT LEAST 5 to 1 and probably more. So if you loan 1 unit of $10, your total return including your initial $10 will be at least $50.

That brings us to the last point: discretion. Please keep this PRIVATE. None of this information needs to be discussed with anyone who is not involved, for obvious reasons. Joey is paranoid about security and is asking for the utmost privacy possible, for our sake and the project's as well.

And so the digging continues!
Suzanna and Joey


9/8/2006

Hello Joey,

I apologize for not getting this out to you yesterday as planned, but I went back to the site to check on the progress and do some more checking with the new EM Imager and wound up staying there most of the day getting the drill started on an anomalous area that showed up again on the EM scanning conducted yesterday morning.  However I am getting ahead of myself somewhat so I will start from the last update sent…

In the last update, going by surface based measurements as compared to measurements taken in the tunnel, I had anticipated that we were roughly one meter from the anticipated target area.  Bear in mind that this target was the brass or copper and gold target that we had hit twice (in this area) with the rotary drilling activities last December at a reported depth of 31 feet (9.47 m) below the existing surface at that time.  I say existing as we have moved a lot of dirt from the main excavation on and off the surface of that specific area and we presently have about a foot (33 cm) of dirt above the original surface.

Prior to starting the tunneling activities at a depth which should have placed the target at waist level, I had again checked the location of the gold targets from the surface and used this information to determine the direction for tunneling.  We continued the tunnel excavation approximately 2 meters past the anticipated target location and even cut into the walls of the tunnel making a bit of a room at the end of the tunnel but no joy in finding that brass/copper box containing gold within the tunnel.  We have found several of our original drill holes and I still have the target in exactly the same place in the tunnel but it is below the floor of the tunnel at a deeper depth.   We actually drilled two new holes from the surface in order to verify the location but found that the drill bit came through the roof of the tunnel approximately 16 inches away from the surface location it started from, hence the need to drill the second hole. 

As can be seen in the photo, we arched the drill pipe to cut through the target area 10 to 15 feet below the tunnel floor and continued the drilling down to about 70 feet but did not contact any known target as no gold or brass came up in the discharge material.

We had taken the new EM Imager (scanner-locator) into the tunnel a few times to try to check the walls and floor but we were still in the steep part of the learning curve and could not make sense of the information.  I plan to scan the walls and floor again later today as I am getting more proficient with the equipment and now have a better understanding of the software.

We had the drill holes marked on the surface but when we used the D-8 Bulldozer to level the area before commencing the fencing and excavating activities, virtually all of our reference points were removed.  After cutting down the surface above the area and locating several of our drill holes, we have expanded some areas within the tunnel laterally in an effort to find that elusive target.  I had anticipated being easily able to find the drill holes and target again but it obviously did not work and we have still have not been able to find that target we hit with the drill.

This drawing indicates our progress to date.

Right-click here to open in a new window and larger image.

We have tunneled horizontally through the area to a point some 26 feet (or about 8 meters) in through the bedrock layer and then we have excavated a side tunnel which now is approximately 16 feet (almost 5 meters) long.  We basically widened out the tunnel in a few areas to find the drill holes that we had exposed on the surface.  The side tunnel has 2 purposes as we continued to find the other drill holes but it is also headed for the other location we hit brass/copper and gold with the drill at 31 feet deep last December.  I would estimate that we are within 15 feet of that area at this time.

While the deposits contained in the area are not to scale, the drawing is relatively accurate and depicts:
  1.         The perimeter security fence (thick blue hatched line);
  2.         The original Japanese excavation site (thick green hatched line);
  3.         Some of the deposits (red squares) identified.  Not shown (for clarity) are 3 deposits in roughly triangular patterns more or less adjacent to each corner of our current excavation. As per previous information provided, we know that there are more than two “layers” of deposits in this area and this shows the deposits we believe are closest to the surface;
  4.         Our original planned excavation size (blue dot-dash line) which was subject to obtaining adequate budget.  It would have encompassed excavation of the entire area down to a planned foundation depth of 40 feet (12.2 meters) than stepped in by 4 feet with the inner area excavated down to a total depth of 72 feet (22 meters) which would bring us below the 3 feet of wood and into the main Japanese excavation which we expect is either the second or third deposit level.  Our drilling activities indicate that other deposit depths are at approximately 143 feet (43.66 meters) and possibly the large deposits are in excess of 220 feet (over 67 meters) deep;
  5.         Existing excavations with our primary excavation having the 3 red squares (gold deposit targets).  This excavation started from the surface at 12 feet by 12 feet however the typhoons in mid July and early August caused soil collapses from the upper area of the excavation significantly increasing the upper dimensions of the excavation.  The bottom of this excavation is roughly 37 feet (11.3 meters) deep;
  6.         Existing tunnels are harder to see but they are depicted by a double arrow line in a lavender color;
  7.         Planned tunnels, subject to verification of the actual deposit depths, are depicted by the black double arrow lines.

The drawing does indicate a number of targets within the security fence that we had hoped would also be at the shallow depth but it now appears that we may have to go substantially deeper in our main excavation site before tunneling to them.  One benefit however is that from our previous work, we know that there is a layer of sand in the undisturbed area outside the original Japanese excavation, at a depth of 37 feet (11.3 meters) down to 43.5 feet (13.3 meters) that it would make easy tunneling if those perimeter targets had been placed in that layer.  The end of our main tunnel must be within a matter of feet from that sand layer.  Our main excavation has only two to three feet of rock in the floor before breaking into a much softer material but it is certainly not sand.

As I had previously mentioned, I work with our new EM subsurface Imager on a regular basis and in the past 2 days, it appears that I have been able to develop a technique that allows me to repeatedly identify our current tunnel (at approximately 29 feet to 36 feet (8.85 to 11 meters) below the surface.  Yesterday, while working with the EM Imager scanning around the excavation site (and trying to find that elusive brass/copper/gold target) I found a recurring subsurface anomaly about 10 feet away from the southerly corner of our excavation.  By “recurring”, I mean to say that I was able to identify this anomaly on several different imaging operations and it matches with our previous findings with the triangular pattern on that corner. 

The blue colored double spike extending down from the green area on the right hand side of the photo is our existing tunnel which we know the depth for.  The blue spikes on the left hand side are the anomaly.  Yesterday, I had the crew move the drill over to and positioned above this anomaly and we hit rock at 31 feet deep.  A lot of soil from our excavation has been spread over this area.  Note the strong red signal along the top of the entire scan area.  This red color is indicative of ferrous or magnetic materials and seems to have a tendancy to mask or hide the weaker non-magnetic signals.  By enhancing the weaker signal, I was able to obtain the resulting photo.  Naturally I am hoping that the blue turns out to be identified as gold (from the drill discharge material) at or close to the bottom of our existing excavation as we already have cut about a 6 foot (2 meter) long tunnel towards this area.

Interestingly, we know from our extensive previous scanning activities that there are 2 parallel tunnels down the easterly and westerly sides of our excavation.  While I am unable to Image those tunnels from the surface with the EM Imager, when imaging the bottom of the excavation, I get a recurring indication of a void on the easterly side.  I am not able to image the other side due to the volume of water falling down the westerly side (you can guess how well water and 2 computers would get along together).

Best regards,
xxxxxx

Questions and answers 9/9/2006

Joey:
Hi xxxx Good to talk with you the other day and thanks for the update, it will be well received by the group, they are hungry for info right now, which is understandable, however we do have a problem (Houston!!)...

On the scans that you have just sent me the area that shows in 'blue' you refer to as:
"The blue colored double spike extending down from the green area on the right hand side of the photo is our existing tunnel which we know the depth for. The blue spikes on the left hand side are the anomaly"

Problem here is that in the past 'blue' was always the gold, can you explain why you have changed your colour coding? You see if I am to send this out to the group I will need to be able to explain why 'blue' is no longer 'blue' or gold if you like, does that make sense?

Site Manager:
The light blue color was the color shown by the other (different) sub-surface imaging scanner as non-ferous metal (Au).  They had extensively modified their system and software but the darker blue color on their system was still the weakest signal being a void or sand flooded with water (etc).  It may help you to explain that we are working with a similar type of equipment but not the same software package.  I am trying to meet with them to find out how they modified their software as well as their system. Their system also appeared to work to much greater depths than this one will, which I have a hard time with as well as this is supposed to be a much superior (and certainly far more expensive) system but I hope the guy who did the original scans - can shed some light on this for me.

Incidentally, I conducted numerous scans within the tunnel and on the surface both this morning and this afternoon at different times of the day and different positions of the sun (the manufacturer advises that this can affect the results).  I find that I get readings from targets below the tunnel floor and strong (red etc) signals from the northerly side of the side tunnel but just the darker blue void coming from the southerly side of the side tunnel.

We know that our previous excavation is on that side not more than 30 feet away and that there is some sort of large manmade void (straight edges and square corners) which I suspect is substantially below the level we are at but the data provided by the scanner makes it appear that the man made void may be at the same level.

I will conduct further scanning ops on this over the next few days and may try to drill into it to see if drilling will give us more information.  From the surface, the EM Imager also gives indications of that man made void.  If it is the void at that level, it may be well worth while to tunnel the short distance into it and see if it is open or backfilled.

THE VOID DEPTH IS SUBJECT TO VERIFICATION AT THIS TIME AND I AM NOT SAYING THAT IT IS THAT CLOSE TO THE SURFACE BUT I AM GETTING SOME VERY UNUSUAL RESULTS FROM THAT SIDE.

Joey:
Now I understand that this part of the project will potentially be the most frustrating and agonising, a bit like watching grass grow or paint dry, not just for the Investors but for you guys as well.
How much longer can you continue to meet the payroll, plus all the other expenses?

Site manager:
We have had to do a number of repairs on the Bobcat and 4 wheel drive truck.  The squatter problem has also caused significant additional expenditures with having to install the outer security fence and lighting the perimeter of the compound as well as other security precautions (at this time rather than later).  Other costs have included steel and timber for the tunnel shoring and the usual costs for fuel, etc.  I debated with myself extensively on the pros and cons of acquiring the 1997 Safari (4WD) vs keeping the old Isuzu going but it was pretty well on its last legs and could not be depended on, as you well know!  As such, I anticipate being able to get by for a few weeks and I likely have the old Isuzu sold for almost $1000 which will also help.

The drilling rig broke down today with the bit holder threads being too badly worn so it is back to the machine shop on Monday for those repairs and another bit or two.

Joey:
Also, what is happening with The Second Site?

Site manager:
The water level at the present time (rainy season) is only about 8 inches below the floor level or about 1 inch when it rains for a few days, while in dry season it is about 4 feet down.  As soon as I can arrange the necessary funding for the polyurethane system, I had planned to pump the water down, inject the walls and floors and start working there again.  Several times I have been tempted to continue but have chosen to retain the funds for the primary project.  I was actually hoping that we would have recovered the brass box so that I could just buy the property from the owners (who of course are unaware of the "bullion vault") and money really would not be the issue it is now.

Joey:
I know I have asked this previously but once again please excuse me if I ask the obvious: any idea when I might be needed up there (he is to go to the site once the blue has been found)? I ask more out of a wish to be of some practical use ie. I can dig holes too! The waiting here and feeling helpless is by far the worst end of the deal I can assure you!

Site Manager:
I can certainly sympathize on the waiting and feeling helpless.  I kind of feel that way here as well despite the long hours I put in.  The last few weeks has been tougher knowing that we hit the brass/copper/gold with the drill at 31 feet deep and yet I cannot find it.   A few months ago, I was very sure that you would have already been here in August.  I know that answer probably does not help much but I can also assure you that your expertise in  raising capital has helped the project infinitely more than another hand digging, as I am sure you can easily understand.

Joey:
I send you and xxxx and the whole crew my finest regards and look forward to speaking with you soon...

Site manager:
I have been debating whether to go back to the main tunnel and drive it a bit further to see if we have a man made void at that level or to pull the crew back to the main excavation and continue down where we know there are more deposits (as well as tunnels) and see what we find at the same level as the sand layer.  The other consideration is, that had I have been a Japanese Engineer during the war, I would certainly have used the sand layer under the hardpan to tunnel through rather than the rock as a few men can drive 10 or 15 feet a day rather than 2 or 3.  The sand layer would have also been a very convenient way to put a perimeter of shallower gold deposits around their main excavation.  MORE FOOD FOR THOUGHT!

So.... many more hours of scanning and trying to correctly interpret the results over the next few days to try to make an educated decision.

Best regards,
xxxxx

8/27/2006

Hello Treasure Hunters!

Below is a collection of updates from 8/18 to present with photos. We are very very close now.

I sent out final account/spend confirmations on Aug 25. If you did not get one, please contact me immediately. I am still looking for 3 email addresses on unidentified spends. If one of these is yours or you recognize the account name please let me know ASAP:
    
2616xxx    Paul's pot of gold
A372xx     Joyce P Hagxxx
C082xx     Ronnie Venxxx

Thank you!
Suzanna and Joey
==================

8/18

Hi Joey
It has been several days since I managed to get any information out to you.   Lxxx is still here and we are working on the scanner but the results are still somewhat disappointing.  I am trying to get a hold of the other guys that we previously used to scan to try to find out what modifications they had done and to see if we can copycat their mods but???  We took the scanner into the tunnel today to try to see if we could get it to work any better there but have not had time to download the data as of yet.

There is other good news though, and I will use several photos in hopes that, with photos being worth a thousand words, I will not have to do as much writing. A few of the photos were sent out previously but they work well in explaining the last month or so.

During the second week of July, typhoon season started in earnest.  06-07-15 Flooded-3 shows how our day started.  When we pumped down the water, we found a lot of mud in the hole.  We started to clear that out and modified our A Frame to be able to lift the mud out. 

Over the next nine or ten days, we manage to clean the excavation out to within three feet of the bottom and then had two more typhoons come through which took us two more steps back (see 06-07-26 Pool Party 2-3) as per that old adage “one step forward, two steps back”. 

While we have had a lot of rain since then, getting the 2.9 tonne crane installed and operational on the truck and building the mud buckets and other equipment has made a major difference.  The difference can be easily seen by comparing the photo 06-07-17 Mud Wrestling-3 to 06-08-16 Back To This-3. 

You can see the excavation site from a similar perspective but we have been able to go from removing the dirt, mud and rock AGAIN, to the point of having the tunnel floor cemented, the shoring in place and making fresh progress. 

The other photo 06-08-16 Rock Wrestling-3 shows some of the rocks we are taking out of the tunnel now. 

The rock in the picture was a big foot marker that we found upside down in the tunnel.  As I had previously mentioned in another email, the symbology of the upside down foot is, that in the same way you can not walk with your foot on its side or twisted upside down, we do not have to move any further (we do not have to walk any further).  Several foot markers of varying sizes came out the same day.

The photo also shows the inside of the tunnel and the shoring we are using.  Lxxx and I caused a long delay in the work this afternoon when we went down in the tunnel to scan and there is about another 6 feet of tunnel floor to cement in so we put off the cement work until tomorrow afternoon.  We are placing cement 6 inches to 8 inches thick on the tunnel floor in order to be easily able to wheel out the excavated material as well as the gold when we get to it.  Also it creates a firm footing for the channel iron frames we use to support the heavy timber shoring materials protecting the crew.  This is not nearly as good as being able to spray shotcrete in the tunnel to support the roof and walls preventing caveins but it does protect the crew from the small collapses.

More good news is that we spent a substantial amount of time in the last several days locating the other similar deposits and have found a number of other deposits that can be accessed through the tunnel. Let it suffice to say that we found a square within a square (with each leg of the inner square measuring approximately 32 meters in length) around the entire original site with more deposits than have been reported to date. 

I hope that we will actually find these deposits in a sand layer which the previous excavations have gone through.  The layers we have gone through on this excavation are completely different and, it is pretty safe to say that, if I had as much knowledge on scanning and locating at the beginning of 2005 as I do now, we would have likely recovered a lot of them by now as the deposits are located between our first excavation and our current excavation and were within about 10 feet of the original excavation wall.  At the target depth was a layer of sand about 4.5 feet thick and we were able to tunnel in that material about 30 feet horizontally in less than one week.  We have now found that the large targets we tried to get to at that time were on a much deeper level.  I am hoping that we can get into that sand layer and move quickly from one target to the next.

Incidentally, on the first excavation, we had such a strong gold signal at that level that the equipment we were using was overwhelmed and simply spun around in circles.  Now we know why!

I should have more news for you in the next few days.

Best regards,
xxxxx

8/21

Hello Joey,

The wire arrived yesterday and my plan is to use it for the vehicle which is badly needed and we hope it arrives in time before the vehicle is needed to transport some "special items". It will take the entire amount and then some to acquire the vehicle but certain aspects of the project are dictating that need as very pressing.

We had approximately 500 squatters move onto the adjoining property again at about 7:30 this morning and they have claimed about 80 hectares for themselves. We immediately went out and bought 1000 meters of barbed wire and provided 300 meters of that to the old caretaker who, with the help of his sons and family, put up a crude barbwire fence in record time along the cement access road. We then went and bought a bunch of steel pipe and heavy rebar in order to erect our outer perimeter security fence. We are about a quarter of the way around the leased property at quitting time today. I also have armed security in the compound tonight and tomorrow and have temporarily hired some extra security people. On Monday, I will have to go and purchase another 1500 meters of barbed wire (or more) and some more steel but we would hope to complete the outer perimeter security fence by Tuesday while keeping the tunneling ongoing.

About 6 PM, I received a phone call from the Real Estate company Project Manager who advised me that there will be a forcible dispersion of the squatters sometime next week but they were awaiting troop reinforcements. In other words, the military will be coming in and using whatever force necessary to evict the squatters.

I have not given you an update on the second dig site. I was going to start it again a few weeks ago. I am planning to buy half of the polyurethane waterstop/soil stabilizer and application equipment that I expect we will need.

Basically, we have the manpower available as we can pull them out of the main site when they are not all needed but first, we need to stop the water and I also need a water tanker to pump into as there is a lot of water comes out of the hole which floods out the neighbors around the corner where the drainage ends. We have everything else needed. I had anticipated setting aside the funds for the project including the tanker and the polyurethane and will commence it again as soon as I can make those arrangements.

Best regards,
xxxxx

8/23

Hi Joey,

I just checked in to see if we had a response from the scanner supplier and yes, they had responded with one suggestion. We did some more scans today but it started raining and you know how well computers and rain get along so we will try to check the data tonight.

We had some squatters come across the property earlier today and others made some loud comments when we were putting up the fence closest to them but no problems and no typhoons recently. We are making good progress on the tunnel but this sure would have been an ideal time to have the building up and be working inside it out of sight.

Will advise you on the scanning ASAP. I am hoping to have a "positive" report on it by the next brief update.

Best regards,
xxxxx

8/25

Joey,

I have attached some additional photo’s taken August 19 afternoon at about 3 PM.  The timbers forming the “ceiling” of the portal (tunnel) shoring are 12 feet (almost 4 meters) long and are virtually all the way in at this time.  With the additional gap at the inner end of approximately 1.5 feet (.5 meters roughly) our tunnel is about 14 feet (4.35 meters) deep.  Surface measurement taken Friday afternoon indicated a depth to the edge of the target of 17feet 7 inches. It is a slower process working inside as only one man can dig or operate the jack hammer while two of the crew keep the rocks and dirt moved to the excavation shaft and the other crew member loads the mud bucket.

If you compare the photo entitled Portal Top View with the photo Back To This you can see the difference in the length of the timbers sticking out of the tunnel. 

The other two photos show the Portal (Tunnel) and the shoring as well as the inner (working end) of the portal. 

The yellow line is the location of the initial target which we would anticipate is approximately one meter to the closest side and likely about 1.6 meters to the far side.  Distance to the next target past this initial target is about 15 feet and 20 degree’s or so to the right.

We encountered the second of 3 drill holes this morning but there is a lot of free flowing water coming out of the hole so we will try to plug it off above the tunnel ceiling and below the floor.  The target should be between holes two and three which is only about 5 more feet.  Will keep you advised with another update and more photos in the next couple of days.

Best regards,
 xxxxx

8/04/2006

Hello GBRP Treasure Hunters,

We have some good news and we also have an update from the site, which is still being inundated with storm water.... That update and photos below.

But the good news is that we have found some major funding so now we can go ahead and purchase the equipment that we have needed all along to make the recovery safer, quicker and easier. We can now get back into that tunnel to uncover and remove the "blue" with a vengeance!

So expect some exciting updates over the next few weeks. In the meantime, they are battling the weather and that is not so exciting - see latest photos.

Because we do have the funding sorted out now, we are closing it back up once and for all. However as we have opened up the funding we will remain open to further spends for the next 7 days, these spends can be either the smaller 5:1 return contributions or the larger 10K and upwards loans attracting 10:1. We have decided to do this to be fair to all at this late stage in the project, but there will be no further opportunities to contribute to the project after this round of funding has closed.

I didn't specify last update about opening up for smaller spends (see above), but some of you went ahead and sent them and that is fine. I will eventually send out confirmations for those as well and will let you know when I do.

Below is the current situation. Hopefully we will be able to send much better news soon as the new funds become available. First thing on the list is to get the hole covered with a warehouse to protect it from the weather and prying eyes... and then there is the water and mud to be removed, hopefully one last time.

Thank you for hanging in there!
Joey and Suzanna
=================
Aug 1

Hi Joey,

Photo:   06-07-26 Pool Party was taken about 08:30 about 1.5 hours after the area under the A-frame hoist platform went down into the hole.  The crew members are diving under the water and unbolting the components of the platform which we lifted out and have placed into storage.

  The crane and one mud bucket are operational (see other photos taken this morning) and in place as of yesterday afternoon.  We have found that, even with just one bucket, we are moving about 7.5 times the volume of mud each hour. 

It has taken a bit of time and we are still working the bugs out of the mud bucket but I have the welders building the next one.   We will be much more efficient with the second mud bucket operational as the 4 crew members working in the excavation are only working about one third of the time.  The rest of the time they are waiting for the bucket to come back to be refilled.  At this point, we have a turn time of about 5 minutes and the crane bucket holds roughly 12 times more than we were previously lifting manually with a turn time of about 2.5 minutes.  The winch line speed and rotation speed of the crane is our primary limiting factor but, with the second bucket operational, I would suspect that we will obtain turn times of about 3 minutes which should get us up to the point of moving 12 times more mud per hour which would be good.  This afternoon, I made a new hook enabling the crew to use a single lift line on the crane rather than the snatch block (pulley – double lift line) which roughly cuts the time required to lift and drop the bucket in half.  In effect, this cut our turn time by 30 to 40 seconds per lift.

  Also, we will be making mini cargo nets out of heavy polypropylene rope in order to lift the heavy rocks and the man basket is almost completed.  Your phone call this afternoon was most timely as I have already cut heavily into the reserve funds and had to buy rain jackets for the entire crew this afternoon as another typhoon is going through with heavy rains coming down periodically for the past few days.  We are able to control the water in the excavation with the two submersible pumps but have no backup now until we recover the buried pump which I hope is still operational.  The big pump blew a seal just after we talked and I brought it home where I will try to repair it tonight after coming back from the internet.

  The 2 excavator owners definitely have no money which is why they are not moving their equipment in.  While both of them are smaller than I wanted to use, I had made a tentative deal to trade the deck off of the truck for the use of the local excavator.  If funds are available promptly from an investor, I will try to make a deal where we put the fuel in the machine but get twice as many hours for the deck.  We will use the excavator to taper the upper area of the excavation back away from the hole to prevent further collapses as well as to cut a ramp down the one side to a depth of about 20 feet where the excavator should be able to reach in and around the excavation down to the 35 foot depth.

  Best regards,
 XXXX

Hello Joey,

We have had far more rainy days in the last few weeks than fair weather days. Fortunately the rain yesterday and today has been light. Just enough to keep it soft and muddy.

We managed to get the truck and crane in place today and hope to put it to work tomorrow. Still no definite word on the hydraulic excavator. I suspect that the real problem is that the owner does not have any money to be able to move it and put fuel in it so I will broach the subject with him again tomorrow.

 Hi Joey,

 We finally had one day of sun that lasted all day long. We also had more problems with collapses and lost a pump yesterday but I will provide more information on that tomorrow as we may have some other good news tomorrow with regards to an excavator. However, I would like to ensure that it happens rather than just being under negotiation.

xxxx

7/27/2006

Hello GBRP Treasure Hunters

I apologize for the longish time between updates!! I was off line for a week and am just now getting caught up. Several updates have arrived from the site, from 7/15 to 7/25 including some photos.

The updates are below, but just to give you the gist of it: more funds are needed now, not only to continue paying the workers but to buy some much needed equipment to make this project a success SOONER rather than later. It is now rainy season in that part of the world and the rain has put us back several weeks (collective groan). See photos and update below for details.

The team is used to working on a shoestring budget and getting by with what they have, but the entire thing could move forwards faster if they had enough funds to buy a scanner, a couple of big pumps and to get the operation COVERED.

The needed equipment will simply make everything more efficient and save time in the short term. We are so close!!

Here is what Joey says:

"If we could raise those funds then he would be able to purchase a scanner to use underground - imagine tunnelling horizontally towards the 'Target' and 'missing' it by, say, 30cm. Now wouldn't that make you spit??!!  The scanner would of course make his excavations all that more accurate and henceforth more time efficient...

He also needs 2 large pumps to keep the water out of the excavations, which of course is all that more of a headache during the typhoon season - which goes from about now until end of October. These pumps alone would make a huge difference in the safety of the operation, not that he ever puts his team at personal risk, he is very safety conscious but a lot of water and loose earth make a deadly combination at times...

And of course there is the 'shed' he talks about below, fortunately not an overly expensive item when compared to the other bits and pieces but again it would provide not only cover from the typhoons but also a measure of security for all concerned.

With the scanner, 2 large pumps and the shed etc he could work very safely, accurately and quickly through the typhoons, achieving the long awaited 'recovery' in a very short time-frame.

Without this equipment - we will still get there - but we will be constantly fighting the deluge of water and of course the ever present 'miss by a hair's breadth' as he tunnels towards the Targets...not to mention dangerous working conditions. We will get there, this I have absolutely no doubts about whatsoever, it's all down to not 'If' but 'When'."

So, we are opening back up for funding but would really like to find some major investors. Anyone with 10k or more would have direct contact with "Joey" and all the DD you could ask for including the actual names of the corporation principals and location of the recovery site.

Also, it could be arranged that title of the items purchased would remain in your name so that you actually own the scanner and/or other equipment purchased with your funds. We can also offer a larger return for larger investors to be arranged thru Joey.

If any listowner or group leader would like to pool funds to come up with the 10k minimum, the larger returns would also apply.

Please contact me for more info if you would like to invest 10k or more or if you'd like to pool funds to get the larger returns.

Thank you,
Suzanna and Joey
=================

(7/15 - Before Rain)

Hi Joey,

  Just to give you a brief report, we had pushed two exploratory tunnels in on two sides about 6 feet hoping to contact one of the brass boxes that we had picked up signals from. The signal is still there but it is still below us so we are now concentrating on the tunnel going towards the center target we hit with the drill.

  This week is our turn to get hit with the typhoons and we have had only one day with no rain this week. Our primary tunnel is now in about 8 feet horizontally but we have had two days that have resulted in very little progress due to heavy rains and mudslides. We are building the steel frames to insert into the tunnels for shoring and hope to have the floor of the tunnel cemented by tomorrow so that the steel can be installed the following day. Once the steel is installed, we will insert the heavy wooden planks on top of the structure to prevent injuries due to caveins (and to give the excavation crew peace of mind).

  We have been concentrating on getting to the target at the main site and have not done anything at the second site for some time now. Now that it is rainy season, chances are that the neighbors are less likely to complain when I pump the water down (at the #2 site) and I have been debating on pulling some of the crew back to the second site during the heavy rains. There are other considerations as well but I have been focusing the crew and the budget on the main site.

Will have more news and photo's for you in the next couple of days.

Best regards,
  xxxxxx

Hi Joey,

  We have made 2 - 6 foot long tunnels probing the area of the deposits. There is a lot of rock down at that level and in the tunnels so it is slow going. However the rock is a good sign as it shows that there is a lot of differences between the previous excavations and this one (however it would certainly have been a lot easier if we were digging in the sand layer that was at this depth in the previous excavations. We have verified that not all of the deposits are at the 30 foot level as the first two deposits which I had anticipated would be exposed are still below us.

  At noon today, I moved the crew back to our original tunnels where we are working towards the gold targets in the brass boxes we first hit with the drill. We have about 12 feet to go horizontally to get to that area so it will likely take another week. It would sure be great to have that scanning equipment now in order to pinpoint the exact locations of the deposits.

  I took some more photos today down at the bottom and will get them off to you in the next day or two.

  Best regards,
xxxxxx

(7/21 - After Rain)

 Greetings from xxxx,

  I had originally written this email yesterday but was unable to send it due to more internet problems… or perhaps I should just say more of the same internet problems.  I have modified the document accordingly.

  The last pair of typhoons hit us pretty hard.  The first one was more of an inconvenience as it slowed down the tunneling with several days of very heavy rain which caused some minor collapses but no big problems.  The weather dried out for a day and then came the second typhoon and heavy rains again which caused a lot of flooding in the area.  I have been here for almost 7 years now and have seen a lot of flooding a few times but the one river near us was only inches from overflowing the bridge on the highway which I have not seen before.  The high water knocked down some power poles and we had a regional blackout lasting over 24 hours.  Besides the inconvenience of having no water, lights, refrigerator, fans, computer, etc. at home, it also took out our electric water pump at the site.  Naturally, the generator chose that time to not work and we wound up with about 23 feet of water in the excavation (see photo 06-07-15 Flooded 3 - please note that the date the photo was taken is in the title – July 15, 2006 Flooded 3 – I use the 3 to designate special formatting for small file sizes).

  Prior to that time, we had tunneled almost halfway from the excavation to the closest target we had hit with the drill at 30 feet deep (see photo’s 06-07-11 Tunnel at 8 feet–3 AND 06-07-11 Tunnel Progress-3). 

After the typhoons passed and the power was restored, we pumped the water down but had a lot of soil collapsing into the excavation as we are working in backfilled soil from the Japanese times. The crew had to knock down all the potential problem areas and we wound up with about 16 feet of mud in the excavation.  It is all soft, wet, runny mud and the crew was sinking to their waists trying to shovel the mud into the buckets.  We put some ¾ inch marine plywood down in the hole to solve this difficulty and have been able to remove about 3.5 feet of mud between yesterday and today.  The volume of rain saturated the soil and we have water running in at the demarcation line of the soil and clay layers of the excavation where before it was only a damp wall below that point.  The pump is able to handle it, however we will install another pump in a barrel tomorrow morning to try to catch most of the “new” water which should speed the “clean up” process.  I need to buy more discharge hose and we will extend our ditch running to the river.

  The last photo entitled 06-07-18 Storm Damage-3 was taken about 2 PM yesterday. 

The man in the swing on the wall is “conducting preventative safety maintenance” by knocking down overhanging soil before it collapses into the hole and the guys in the bottom are filling mud buckets which are pulled to the surface.  I am trying to find a “cement bucket” which we could use on our small 3 ton, truck mounted crane to lift much larger volumes out of the hole.  I hope to complete the crane installation tomorrow as I was finally able to obtain most of the missing parts and we are now at the point of repairing the hydraulic system now.

  I trust that everything is fine with you and will get back to you with more photos and progress reports when there is more to report.

  Best regards,
XXXXX

(7/24)

Hi Joey,

  There are several pieces of good news. The first good news is that the crew has been working hard and we exposed the top of the tunnel this afternoon. Fantastic progress... another 6.5 feet to go, although it will be the toughest 6.5 feet. Two more work days and we should be back where we were 2 weeks ago (ha ha).

  Secondly, I have the Bobcat 943 loader fully operational to move the dirt away from the hole. I was training a couple of the crew members on it but they don't have the equipment operating background so it takes a bit of doing and with all the rain we have had, they spend most of the time making holes and getting stuck so I will have to operate it for a few days.

  Thirdly, I finally got the crane operational this afternoon and I have the welder building the first of 3 large mud buckets which should speed us up with the mud and dirt as we can have 5 or 6 guys digging and be able to lift 500 kilos at a time instead of 15 kilos. With the boom fully extended at a low angle, it is rated for .55 tonnes. xxxx had also asked me to build a special chair or cage to get him et al down in the hole. With the mud buckets, we will use the crane to lift the material from the hole and the Bobcat to move it out of the compound. Our surface level has gone up about 3 feet within 30 to 40 feet from the excavation so it is none to soon.

  As for the contentious points referred to in your message, there are several reasons for additional funds. We need more money next week for operations but there are other considerations as well. I have tried for some time to find a used building I can dissassemble and move to the site but without success. We need to erect a building at least 60 feet by 60 feet over the excavation to prevent the problems we just encountered, water, water and more water! I have already determined that we could buy the steel, fabricate the trusses and columns at about half the cost of buying a "used" building from a local contractor, Incidentally, I have been waiting 4 months to get a quote from this company and today he finally handed me off to another "junk shop dealer". However, I have already designed the "warehouse" which will be used to cover the site and found both companies prices were way out of line.

  Remember, the excavation at this time is... make that "was" only 12 feet by 12 feet instead of the 30 feet by 30 feet we should have. We need to put steel and cement in there to prevent collapses and to secure the excavation as this is only the first stage and we have to go down a lot further. Also, as per a previous email, the excavation proved that not all of the initial deposit containers are at 30 feet deep as we had hoped.

  Further to this, there are a lot of different pieces of equipment which would cut down our time and speed up progress but these are on our "wish list" as the money is spread as far as possible - such as a scanner to use underground, big pumps to cope with the typhhons and of course the shed mentioned above to keep the water off now and to provide security later on.

  It appears that xxxx's and my former associate will "store" his excavator, cement pump and other equipment at our site which is fantastic as it means we should get use of the equipment at a low cost but it does still cost money to operate and maintain equipment. This has been in the works for 2 months but he called us yesterday and had indicated he would try to get up to his storage area this weekend and arrange to truck it all down to our compound.

  Anyway, I just wanted to let you know that things are going well.

  Best regards,
xxxxx

(7/24)
Hello Joey,

  On Saturday night, we had another typhoon blow in and it has dumped rain on us pretty well continuously. We must be closer to the storm center this time as we are getting a lot of gusts where the large rain droplets blow nearly horizontal and you go from being completely dry to dripping wet in less time than it takes to run across 50 or 100 feet of mud.

  We are still in good condition at the site although this morning I had to have the crew shave the walls of the excavation in several places where the soil was overhanging after small collapses caused by the current storm. Not only does the rain soak into the excavation walls but it pools on the surrounding ground and runs towards the lowest spot which on the side of our excavation where we parked. The task for this morning was to cut small drainage trenches to the drain ditch we extended last week in an effort to try to get the water from the excavation and the rain water to the river as quickly as possible. We no longer pump water into the other existing excavation as we suspect that the water comes back into our excavation as ground water. Also, the water tables at both sites have gone up 3 to 4 feet as well, which does not help much.

  The welding crew is still at work building a mud bucket that we can use under the crane. It has taken several days but our end cost will still only be about 20% of a commercially manufactured crane cement bucket of similar size and it will be done in about half the time. We are only building one mud-bucket initially until we have tried it to see how well it works. I have built this one with “trap doors” rather than a slide chute (cement has a more runny consistency than mud or dirt). I suspect that we will build the following ones in a larger format but will make that decision when I try this first bucket under the crane.

  Although my previous email had briefly touched on the main point of contention with your potential investors (“if you are so close, why do you want more funds now”), as I reread your email several times and thought about it, I realized that I had done a very poor job of addressing the real issues and will try to do a slightly better job with this email and will also include some of the information from my email of July 21, 2006.

  There are several points that are important for potential investors to understand. Yes, we are close to the initial deposit we hit with the drill. But what is close??? As the saying goes, close only counts in horseshoes and hand grenades. If we miss the target by an inch, we have still missed it. And we are close to the initial gold deposit likely worth a minimum of three or four million US Dollars. And we are fairly close to other gold below the initial deposit, which our scans indicate is a larger volume again. And, to the best of our knowledge, below that level again, we are relatively close to even more gold. So we know it's there and in quantity!

  However, we still need equipment and operating capital and will continue needing it not just until we get to the target, and not even just until we get the first deposit out and not even just until we get the first deposit transported to the secure refining facility but we need capital until such time as we have marketed and been paid for the first bar. The closer we get to the marketing point, the more capital we need. Right now, we are doing the bull work, so to speak. And while it is not cheap, it certainly is being done at far less cost than it could possibly be done in Canada, the US, any country in Europe or most other countries in the western world. And we are very close to a “bare bones, no frills, operation”. But when we hit the target, we will need a lot more security. Make that good security which, in this country, does not come cheap. Nor does secure transportation. But these are just some of the necessities. And, as you can tell, that is kind of glossing over the whole operation.

  We have run our operational requirements in such a manner that we have a measure of security prior to being in a position where it is absolutely necessary or too late. The security fence went up before we started this excavation. And before the security fence, we had a lot of other personnel and security issues to settle with several different groups of locals, which due to good relations with the locals that count and knowing the 'right' people we managed quite well.

  Our budgeting of project expenses and equipment acquisitions was stretched to the limit possible and we have conducted it in a priority sequence to the extent possible. While there are other pieces of equipment and types of material/supplies that would be extremely beneficial to have - such as the scanner, pumps and the shed I mentioned in another e.mail - we have made do.

  Instead of trying to do the excavation with a high priced, rented, hydraulic excavator, we did it by hand. We had to do it as a 12 foot by 12 foot excavation rather than the 30 foot by 30 foot we would have liked to do, in order to “blanket” the targets. Look at the fact that we should be no more than 10 feet away but we also have to look at the events of the past few weeks. Technically, we should have hit the target before now but this is a part of the job and we are doing what has to be done with the available resources and in overcoming Mother Nature and the other obstacles.

  As we had discussed both prior to and during your visit, I was seeking at least $450,000 USD and I am very grateful for the funds you and your group have sent but we do continue to have a need for additional capital and we will continue to have a need for the additional capital until the first deposit is marketed. Incidentally, the fixed assets (truck/crane, Bobcat, cement mixer etc.) acquired with the funds you have sent are worth roughly $30-40,000 USD. Also we spend roughly $2000 per month on the leased property and associated costs (a minimum commitment of a year) and roughly $6000 per month on labour costs. Pretty inexpensive considering we have up to 16 people working pretty much continuously.

  Two weeks ago, we had another setback when the engine went out of xxxx’s 4 wheel drive truck (all the water was getting into the oil). That was the one good vehicle that we had for the site, especially with all the rain we are getting. We were hoping to get by with just replacing the head gasket but the block was damaged and the cylinder walls were apparently too thin to oversize the pistons again. A replacement engine will only cost about $1250 USD plus installation but xxxx is still paying for his broken leg and we cannot afford to do it so, I use the old Isuzu to get into the site and he uses his car to get to the site. I trust that you will understand that I am not complaining, just trying to give you a realistic picture of what we do to keep things going. There are adequate funds in the bank to make the next lease payment on August 11 but I only have enough over and above that to pay the crew for this current week. Yes, I am working at trying to find more money but have no commitments yet.

  Well, the rain is still beating down on the tin roof of my house and I need to get to the internet now to get this email out today. I am afraid that I have not really done justice to the issues but it will have to suffice for now. We could sure use a weather cover (shed) over the excavation right now for security (current and future needs) from man and the elements and a scanner, couple of big pumps and of course a shotcrete system to cement/seal in the walls of the excavation so that we should not have to play catch-up with the weather. And the list goes on and on but, one of these days, we will get the budget necessary for not just the necessities. I trust that some time in the near future, when you come over to pickup the money you and your group have coming, we will get a chance to sit down with a beer and a coke again and say remember when!

  Best regards,
xxxxx

7/8/2006

2 email updates from Site Manager. First from earlier this week and the second just in. To sum it up, they started going down again after having gone wide and are now going horizontal towards the "blue" of the first target. It's all good!

Suzanna and Joey

Hi Joey,

  I am happy to be able to advise you that we started going down again early this afternoon. After widening/terracing the site, we had to improvise on getting our A-frame close enough to the hole to work as it is no longer wide enough, even going across the corner. Also this morning, I moved the drill over to about 10 feet away from the corner of the excavation as we are going to try to seal off the water at that point now. We have not been able to find the other water traps and have drilled to between 100 and 160 feet deep in two places.

If funds become available, it would be extremely beneficial to acquire the sub surface EM surveying equipment that we used to verify the site prior to the first transfers. That equipment does an extremely good job at about 20% of the cost of the Ground Penetration Radar system and it is not nearly as finicky. A foot of clay blinds the best military spec GPR whereas the other equipment doesn't even blink (figure of speech) at the clay . You can also use it to scan the walls or just about anywhere. The only drawback (same as GPR) is trying to accurately determine depths to the target as it reportedly can scan about 200 feet deep, as compared to 5 to 50 or 100 feet max in ideal conditions for the GPR.

I have tried to find a good used hi volume compressor so that we could pour the cement into the drill steel and then inject it using air pressure which should, in effect serve to not only disperse the cement into the surrounding but should also "crack" or fracture the soil matrix surrounding the drill steel. I had also tried to develop an inflatable packer that we could place over the drill steel and into the ground a few feet and then inflate it to create a plug. There are companies building inflatable rubber products here which could technically accomplish this but the costs are getting up there.

We have to replace the carbide cutting bits on a regular basis so brass is the easiest way. I had the crew use an angle grinder to rough up the surface immediately surrounding the bit keyways and that seems to have helped as the bits are now grinding down or breaking rather than falling out.


  Hello Joey,

  The internet service here has been terrible for the past several weeks.  It is so slow that the only way it could go slower is if it was going backwards... so to speak.

  I had made up a brief update for you tonight with some good news.

  We reached the 35 foot deep level in the excavation about noon today and started tunneling in toward the target we first encountered with the drill last December which is at a depth of approximately 30 feet.  We want to try to encounter the targets at about eye level.  The portal (tunnel) being driven to the target will be about 6.5 feet in height and 4 feet wide allowing us to use a bolt together channel iron framework and heavy lumber above and on the sides to protect the tunneling crew.

  The attached photos were taken just a few hours ago…

  06-07-05 Site Work 3:

On the left hand side of the photo is a pile of pit run type rock varying from fist size to about head size boulders which we started to encounter about 29 feet deep.  The other excavations and drill holes in the area outside the original Japanese excavation had various size rock starting between 15 and 18 feet below the surface.  These rocks varied in size from fist size rocks up to about 500 kilograms.

  The two crew members in the foreground are pulling the rope lifting the rocks and dirt out of the hole.  Behind them you can see the drilling rig which we use for exploration and to drill down to the water trap area where the water is running through the rock and into the easterly corner of the excavation at a depth of about 30 feet.  We drilled down to 40 feet and have tentatively located a cement pump which we will try to use to pump cement into the formation in order to cut off the water.

  3 to 5 men are working at the bottom of the excavation digging and loading the buckets being pulled to the surface while 4 or 5 guys get rid of the material once it reaches the surface.  While it is somewhat overcast today, the tarp over the A-frame hoist structure provides welcome shade from the hot sun and makes the temperature at least 10 degree’s cooler.

  06-07-05 Lifting Dirt:

It would probably be more accurate if the title was lifting rock.  This is a closeup of the excavation.  We had to build cribbing for the steps (terraces) in order to get the A-Frame Hoist Structure and block out over the corner of the excavation.  The step on which the cribbing on the far side has cracked now and will have to be removed in the next day or so as it probably weighs a tonne or more and we do not want it falling on the crew.  We will have to build another support out of channel iron in order to continue to use the hoist until we finish installing the crane on the truck which will hopefully be completed this week as I have the welders working on that.  The crane will then be used to lift the large rocks and much larger volumes of excavated materials (as well as the yellow dirt when it is recovered).

  06-07-05 Tunneling 3:

Having reached the 35 to 36 foot depth, we started tunneling in to the targets we hit with the drill last December.  Notice the big rocks down at the bottom.  While not as big as some of the others we have removed from the other excavations, these ones will still weigh in at 300 to 400 kilograms anyway.  You can also see where the ground water starts seeping in to the excavation at a depth of around 20 feet (the walls stay wet or damp at that level).

  06-07-05 Tunneling Closeup:

This photo gives you a bit better idea of what we face in the excavating/tunneling process and why it sometimes seems to take longer than expected to reach certain depths.  We started to encounter larger rocks at about 34 feet deep and our targeted depth was 36 feet to start building a portal in to the targets hit by the drill last December.  The portal will be between 6.5 and 7 feet high and 4 feet wide.  We will pour a cement floor about 6 inches thick as we go so that the shoring will have a solid base on which to rest and also so that we can utilize a cart to remove the rocks (and the yellow rocks once we get to that point).  We will have to tunnel up to about 20 feet straight in from the existing excavation walls on all four sides and start making other portals at 45 degree’s away from approximately the 10 foot mark of each main shaft on both sides of the main shaft to pickup the other targets encountered with the drill.  Each of those 45 degree shafts will also have to run about 20 feet in length than we will re-evaluate what we find in order to make the next plan.  This is the point where it would be extremely beneficial to have the EM scanning equipment so that we can not only “look” down below the excavation but so we can also “look” into the walls to verify target locations.

  That is about it for now.

  Best regards,
  XXXXX

6/29/2006

Hello GBRP Treasure Hunters.
Update in from the site manager. He is having internet problems in his area, so we are getting the updates when he is able to send them out. And Joey is also having internet problems, so this is a few days "late".

Suzanna and Joey

Hello Joey,

  This update was initially promulgated on Thursday but due to more internet access problems, it could not be sent until today (Sunday).  It has been amended with current information.

  Last week, while drilling down to the first water trap line, we had a capacitor blow on the winch drive motor and were unable to pull the 154 feet of drill steel out of the hole in order to change the bit.  In the few hours it took to get another capacitor, the walls of the drill hole collapsed jamming the steel drill pipe.  The new capacitor was installed and we tried to turn the drill steel without success, and blew that capacitor in the process. So we ordered more capacitors which arrived this past Thursday.  On Thursday morning, I designed a special lifting clamp and had the welder and a helper build it.  We had to make a few minor modifications to get it to grip the pipe properly as it kept sliding up the pipe on us while jacking each side with 15 and 20 ton hydraulic jacks.  After the modifications, it worked so well that the drilling crew actually “ripped” off the top couple feet of the drill steel sticking out of the hole (oops).  I had them make a sleeve, weld it into the two separated sections of pipe and we were able to complete the recovery of the drill steel early yesterday afternoon.

  After recovering the drill steel, we moved the drill to the second water trap line as that is the one that is affecting us in the excavation.  It appears that water line is less than 40 feet deep and under considerable pressure.   If the first hole confirms the water pressure, we will use it to take the pressure off  and will have to drill a second hole to ream out and utilize to fill the water trap supply line with sand/gravel and finally cement in order to block off the water.  Drilling on the second water trap line will start on Monday morning.

  We tried to get down to the center target in order to expedite the initial recovery and the returns but it appears that we will still be in the predicted timeframe.  The excavation crew made it down to 29 feet where the cement in one of the attached photo’s was recovered. In particular, I will draw your attention to the leaves imbedded in the cement on the right hand piece, a very distinct and noticeable marker.

  The soil strata is completely different in this hole as compared to all the others, further confirming that we have hit the correct area.  The rock started at about 27 feet depth with a foot/shoe on its side and with the toe angled down which means we are in the right area (the symbology indicates that, as you cannot walk on the side of your foot when it twisted, you do not have to go any further) and we recovered several other markers indicating poison down, center markers (directly over the center of the target) and also markers indicating the load is below.  The locating equipment agreed perfectly with the center marker being dead center on what I take to be four boxes in the center of the excavation.  It may only be one box divided into 4 sections but I pickup a signal, very similar to the others that we hit with the drill.

  At 29 feet, we encountered a fairly strong water flow in the easterly corner of the excavation. When I checked it, I found it was coming through the course gravel (pit run) layer, directly from the second water trap line which is roughly 12 feet away from that corner.  As a result, we discontinued the downward effort and focused on terracing the upper portion of the excavation to prevent cave-ins.

  As I had mentioned before, the westerly wall and north westerly corner of the excavation are unstable and we kept having to knock down sections as cracks formed and spread.  We had planned to go down about 30 feet by 30 feet with an excavator and cement (or shotcrete)  the walls in to prevent having problems in rainy season and to provide a secure access to the other levels of the excavation for the next few years.  However, in order to stabilize the walls, we are terracing the edges down about 12 feet (see attached photo’s taken Thursday and Saturday).  It takes a lot of time doing it by hand but we anticipate that we would need at least $40,000 to cut it down with an excavator and to have the steel and cement ready to install when we got down to the appropriate level.

    

  The mid-size excavator that we had planned to use still has not been delivered to us and, in all likelihood, may not come.  The excavator belongs to the man who xxxx came here to run a recovery project for and for whom I came here to set up the aviation department.  He had not talked to me for several years (as he owes me about $200,000 USD) but he contacts xxxx every month or so.  xxxx e and I traveled to meet with him this last week as xxxx found that he has been having financial problems and needed a place to store some equipment and we certainly have the space.  In return for storing the equipment, we were suppose to be able to use it at a very inexpensive rate (basically put in fuel and pay a low hourly amount for the time we used it on an as required basis).  Not a bad deal, if the guy just does what he says.

  About 4 weeks ago, I had also found a large, late model Caterpillar hydraulic excavator at an extremely inexpensive price but, even at only the equivalent of about $20,000 USD (yes only $20,000 USD, not $50,000), it was still too expensive for us and the owner would not consider giving us payment terms as they had decided to change their construction business focus and claimed to need the money for other purposes. Naturally, at such a good price, that unit sold promptly. It has proven to be impossible to obtain financing from any source here.

That is about all the news for now.

  Best regards,
 xxxxx

6/20/2006

Hello GBRP Treasure Hunters

Two updates from last week from the site manager. Things are moving  forward despite the drawbacks with equipment etc. and everything  is right on track. Will send another update in about a week or  sooner if something really important happens....

Suzanna and Joey


Hello Joey,

.....The jack hammer was overhauled at the main supplier a few  months ago and we did not start using it until 2 days ago but it  broke down again this morning. Several gear teeth on the new  armature broke off and I tried to find a new one but nobody stocks it  so I will have to go back to xxxxx in the morning and get a credit  on the overhaul. I have gotten to the point where I just hate going  there but, that is part of the job description so...

  I have attached the one photo I told you I would send several  days ago. The crew continues to work and we have cut out far enough  to eliminate the problem cracks in the walls for the time being.   We are hoping to get access to that inexpensive Excavator soon and  be able to cut the top 20 or so feet out to the size that it should  be and, after that, it will be up to the guys to do the rest by hand.

   xxxxx and I went to xxxxxx yesterday and met with General xxxxxx  (the retired Commanding General of the National Police Force).  It was a very good meeting and he will be  visiting  us at the site next week. Late in the meeting, he asked  us "What do  you need me to do to help you" as most everyone comes to him to  solve their problems. It was a very good...no make that a great  feeling to be able to tell him "NOT A THING, we just felt it was  time for a visit". It was a relief to him. Incidentally, the 
General isn't like most we encounter.  He graduated top of his class  at the xxxxx Military Academy and went on to West Point(the top   military training school in the USA) where he also graduated top of  his class.

I should have another brief update for you in the next few days.

   Best regards,
XXXX

Hi Joey,

   Just a quick note to let you know that things are going well at  the first site and that today, we started to bring up a lot of rock 
markers indicating that we are centered over the target. We already  knew that of course and there is still quite a ways to go but the markers are very encouraging and we are on track and if anything, ahead of schedule.

   Best regards,
   xxxxx

6/12/2006

Hello GBRP Treasure Hunters!

Below we have 2 updates from the site manager for you.

I sent spend confirmations out this weekend for all second round funding. If you didn't get one, please let me know along with your spend details and I will see what happened.

Also, if you spent thru EMO during the first round of funding, please send me a copy of your spend if you have it or just the amount you sent. I know approximately what the balance was before they shut down, but have no details. We will gather the info from you based on trust and let you know how we are going to handle the situation individually.

Overall, it's ALL GOOD and moving forward!
Have a great week and we will send updates as they come in.
Thank you,
Suzanna and Joey
========================
Hello Joey,

Our water pump supplying the drill broke down again the day before yesterday.  I found that two of the head bolts were stripped which was the cause of the recurring problem so I picked up another pump yesterday in order that we can drill again today.  I will take the damaged pump to the machine shop for repairs this afternoon.

  It took three bits and almost two days to cut through the hard layer at 134 feet and the material came up as very fine black sand.  I have a sample of this material which we will try to evaluate as gold powder can show up in several different colors including black.

We had also inadvertently hit another brass container at about 30 feet deep on this hole which, again, is good news as it means more volume.

 Below the brass, we encountered a void (tunnel) from 80 to 85 or so feet deep but there was no water under pressure in the void so we continued drilling.  The drill bit is now down at about 155 feet deep but no large water volumes yet so we shall continue to drill until we run out of pipe.  The water trap has to be down there someplace.

  The excavation crew reached a depth of 18 feet yesterday over about 25% of the 12 X 12 hole.  You can see from the photo that the one corner has been terraced (steps cut in to the wall) as this is the area of the hole where the drill was sitting when you had visited us.  We are going to have to terrace the sides of the excavation as it is definitely back fill with cracks appearing in the soil, widening out and we have to cut the walls down before it collapses.

  Normally, either xxxx or myself are at the site while the crew is working.  It can save us both headaches and downtime.  The crew is good but there are many things they do not understand and we do not tell them everything either, as much of what we do we try to keep on a need to know basis… and they do not need to know!  This week, xxxx has pulled extra duty as I was in xxxx Wednesday to try to find a suitable high pressure cement/grout pump and found a few different units but they are expensive and I am unable to get credit terms from the vendors.  I am still waiting for two quotes for smaller, used systems but we were unsure if the used equipment would generate enough pressure to do the job.  The units are presently being pressure tested and I would hope to have quotes in hand by Saturday.

  Yesterday, I spent some of the morning at the site than went to xxxx and xxxx trying to find a Power Take Off for the Isuzu truck so that we can get the crane mounted and operational in order to speed up the excavation.  There were no used PTO’s available so I will have to go to xxxx and purchase a new one which is going to run about $800.

  As you know, we had planned to drill the perimeter of the excavation site, use a high pressure grout/cement pump to “jet grout” a cement wall about 4 feet thick around the area in order to stop the ground water intrusion and any soil collapses, then use an excavator to remove the soil but that approach will take a lot more capital than we have available at this moment.  As such, we are doing the excavation in a manner that works and that will work within our budget until such time as we can go back to plan A.

  I would suggest that it may be of interest to plan to be here once we have gotten down to the level of the brass or probably even better just after the initial recovery.  At this time, it is difficult to guess when that will be as it depends on a number of factors but I would expect that could likely be within weeks.

Regards,
XXXXX

(this is a photo of the markers left by the Japanese that they found at 7 ft. This was mentioned in a previous update, but we just go the photo now):

==============
Thanks Joey,

  I was back in xxxx today to find a power take off to install the crane on the truck. I must have walked about 5 kilometers in the area of xxxxx that has this type of item. I finally found one that I will have the local machine shop fabricate an adapter for. After that, it was back on the bus as I rushed home to get payroll done.

  We are down to about 20 feet now but are going to have to expand the excavation significantly in order to eliminate the soil collapse areas so this next week, we will probably not get much deeper but will rather expand what we have done.

  I took a few more photo's this afternoon at quitting time and will get them off to you tomorrow if possible.

  Best regards,
  xxxxx

6/04/2006
 

From Site Manager:

Greetings from xxxxxxx,

It has been some time since the last update was promulgated.  This update will summarize our previous activities, recent activities, and then will subsequently detail the current activities.

PREVIOUS ACTIVITIES:

As many of you are aware, my background is somewhat varied dealing with mechanical equipment but with a primary focus in aviation, both as a pilot (airplanes and helicopters) and as an aviation consultant.  In October of 1998, I was contacted by a former business associate who requested that I assist him with precious metal and aviation related activities in xxxxx by establishing an aviation department for his organization, acquiring the necessary aircraft and providing pilot services.   I traveled to xxxxx twice in 1999 to conduct the preparatory work and departed Canada again on January 6, 2000.  We were seeking a property suitable for the construction of a helicopter air support facility co-located with a secure, commodity depository and small gold refinery, and situated in the vicinity of an international airport.  The Project Site was identified early in 2000 as having exceptional potential for the facility, not only due to its location but also having been verified as containing numerous gold deposits.  The site had been home to a World War II Japanese Military Airfield with several garrisons around the site as well as within the vicinity.

The former business associate claimed to have obtained a contract on the property but apparently lacked the resources to operate it and his other ongoing projects.  In addition to the aviation activities (which never did commence), I had also been intimately involved with locating, researching, and operating his other gold recovery projects as well as other business activities.  Due to a number of reasons, the former business associate and I parted ways during September/October of 2000 and I continued to conduct business and research in xxxxxxx.

In March 2002, I formed a Trading Company in xxxxxs.  The Trading Company was authorized by the SEC to trade in (import and export) all types of metals, all types of equipment (cars, trucks, heavy equipment, aircraft and marine vessels or ships) and all types of electronic equipment.  In reality, it was established to support all aspects of our recovery operations in xxxxx.

In late 2002, I started developing a comprehensive business plan for a corporation and established the Federally Incorporated entity in January 2003. An official joint venture with the xxxx company was promptly established but it required a considerable period of time to assemble a management and consulting team which possessed a strong collective history in order to not only enhance the viability and growth potential of the corporation, but one which could also oversee and manage operations in the very specialized fields the corporation was engaged in.

Several of the management and consulting team members had been involved with acquisition and recovery operations in the field for many years and had encountered and experienced the risks, potential problems or loss events on a first hand basis.  One of the members, xxxxxx, a Colorado/Nevada Mining Engineer with extensive international gold recovery and refining expertise had also come to xxxxxxx to work with the former associate on specific gold recoveries in the late 90’s.  xxxx and I had worked closely together on a couple of recovery projects and became good friends.  xxxx consented to work with the corporation in Project Planning and Management along with other “seasoned” individuals with extensive experience.  Company Risk Management Planning was developed in light of this practical experience which encompasses financial as well as non-financial risks and contingencies.  As a result of our proactive Risk Management Planning activities, various strategies for safety, security and success were developed. We carefully considered, refined and amended our strategies with a focus on eliminating or minimizing the risks. Although still subject to improvements and modifications as may be required to meet new challenges, the strategies evolved into policies and procedures.  Implementation of these strategies has significantly changed the scope of the operation as well as the business and financial planning considerations.

Sometime before we first became involved with the property, the landowner of the property the recovery project is located on made an agreement with a real estate developer to convert the property into an Industrial Techno-Park. The developer has several ongoing development projects and an inadequate budget and the Techno-Park Project was not among their priorities.   In September of 2004, I was introduced to the Techno-Park Development Manager for the purpose of examining and authenticating a Gold Bullion Certificate issued by a well known European Bank.  Subsequent discussions led to the Techno-Park Development Project and, when I was advised that the former associate had never even met, let alone established any relationship with the developer nor the authorized representative of the landowner, we immediately began discussions on the area.  xxxx and I spent considerable time checking the project site and in “negotiations” with the various groups which resulted in a very satisfactory arrangement with both the landowner and the developer to conduct “research activities” on the property.   Our “research activities” commenced in November of 2004.

The property is somewhat unusual in that it is an ideal recovery project site.  It features an all weather, hard surface road for site access, three phase power at the property line and is situated on the river bordering another new industrial park that has yet to be developed.  Most of the former residents had been moved to other areas and the development companies have full time security people patrolling both development sites keeping out unwanted visitors.  This initially provided us with considerable privacy for our operations.

Previous research had confirmed that the site was the location of a World War II Japanese Military Airfield with airplanes coming and going, transporting their valuable cargoes.  As we located and scanned the area, we found an extensive tunnel system with several connecting tunnels and, more importantly, irrefutable evidence of substantial gold deposits.

Total potential recovery values are difficult to determine without additional evaluation but consider that a volume of two cubic feet in gold bars weighs approximately one tonne.   Average refined gold purities, prior to World War II, were 22 karat or .916 FINE gold.  At current world gold prices of only $650 USD per troy ounce, based on a 22k average purity, each tonne of gold is likely worth approximately US$19M.  Based on our knowledge and extensive research, we conservatively anticipate the volume of gold in the  Project will substantially exceed 10 metric tonnes.

RECENT ACTIVITIES:

We have made several exciting discoveries on the recovery project.  In early November, 2005, we were able to acquire a rotary drilling rig and our exploratory drilling activities commenced. 27 holes varying from about 45 feet deep to 220 feet total depth were completed by the end of December, 2005.  The drilling activities conducted provided invaluable additional information pertaining to the sub-surface structure of the recovery site and also allowed us to correlate our scanning/locating results to the information derived during this phase of the drilling program.

By utilizing the information provided, we have been able to refine our locating techniques with a lot of long hours spent checking/re-checking, locating, staking and mapping the area and comparing the results.

The outcome was that by late November, 2005, we were able to identify and locate the original Japanese excavation approximately 40 feet wide and 80 feet long with the longer axis oriented on a north south line.  The bedrock, which normally starts at between 18 and 22 feet deep and is 15 to 18 feet thick throughout the area, has been completely removed from this sector.  A 3 foot thick layer of decomposing wood approximately 64 to 67 feet deep was verified in several holes in the area. The layer of wood was a method used by the Japanese Military to close their excavations.  Other thinner layers of decomposing wood were also located between 90 and 100 feet deep about two thirds of the way to the north in the original excavation.  Subsurface anomalies indicate an 8 foot wide by 14 foot long “landing” which the drill indicates a floor of about 72 feet deep roughly two thirds of the way to the north in the original excavation.  The anomaly continues for a total distance of 43 meters or about 143 feet further to the north which we suspect is a set of stairs or slide going down into the extensive tunnel system we have been mapping.

Trees that were found at the 64 foot depth in the excavation were subsequently identified as pointers to the site.  It is both exciting and encouraging to be able to verify what we have been finding in our previous work with these discoveries. 

The first hole was drilled in the excavation and resulted in contact with an impenetrable target at 134 feet total depth exactly where we picked up the signal radiating from the target.    Both locating devices determined the size of the object to be approximately 4.5 feet wide by 4.5 feet long.  The second hole was drilled about 60 feet north of our 91 foot deep  excavation and revealed not only the absence of the bedrock/boulder layer which runs at a typical depth of 20 feet through 35 feet deep in the area but we also encountered decomposing wood (as forecast) at the 64 foot depth through to about 80 feet which was likely a tree trunk as found in the excavation.  The third hole (and other subsequent holes), 12 feet further to the north, verified the decomposing wood from 64 to 67 feet deep.  It took a great deal of painstaking work to find and determine what the radiation signals were actually indicating. 

Eventually we were able to determine that there were at least two center points (or sun’s) and that radiating out from the one “centre” are a series of radials (tunnels) every 30 degree’s.  The target we drilled on the first drill hole  is located along one of the radials and the  excavation is situated along a different radial.  The main tunnel system is deeper.  Incidentally, as per information provided within the CURRENT ACTIVITIES section of this update, on Friday June 2, 2006, while drilling another hole in an attempt to intercept and plug a water trap line running beneath our excavation, we inadvertently hit another impenetrable target at 134 feet.  After spending a day drilling without being able to penetrate the object, late yesterday afternoon (June 3), I used one of our primary locating devices to check the object and found it to also be about 4.5 feet square.  By using and comparing the signals received from the object, I was able to locate several more objects of identical size within our secured area.  While time did not permit verification or a comprehensive search of the area, the objects appear to be oriented in the same direction as some of the previously mapped tunnels.  As such, it appears that we may have indications of another level within the recovery site.  However, please bear in mind that this is subject to verification which may take some time.

Some of these center points will likely be the “golden rising sun”.  Japan was referred to as “the house of the rising sun” and the round red circle on the Japanese flag represents the sun.  There are a number of gold deposits which appear to be buried along several spokes, rays or radials extending from the “sun”.  These radials are on true bearings of 030, 060, 090, 120, 150, 180, 210, 240, 270, 300, 330 and 360/00 degree’s.  We tried to drill through the center of the lower deposit containers but were not able to get any physical evidence (gold flakes) of having contacted the deposit.  That is not surprising as gold is fairly soft and heavy and the drilling discharge water flushing the materials out of the hole may not have been strong enough to carry it to the surface from the greater depths.  Due to the numerous signals radiating from different depths or levels, it is difficult to figure out what it is we are finding.  There appears to be tunnels on at least three levels with the tunnels at one of the levels being offset.  As such, we finally tried to concentrate on only the shallowest level as that will be our initial target.  

In early December, we hit gold with the drill at 29 to 30 feet deep but it was not in the form (bars) that we are looking for.  It was fine gold particles mixed in a gravel layer which is one of several techniques the Japanese used to mask the gold signal radiating from the deposits.  To this day, their use of clay, gravel with gold particles, asphalt and lead is effective enough to block the signals for even relatively sophisticated electronic scanning/locating systems.

On December 15, 2005, we hit the edge of a target at a depth of only 30 feet and the drill steel showed gold colored rings embedded in the steel pipe.  This target was more or less located on the south westerly corner of the original Japanese excavation.  I was hoping it was gold but the application of nitric acid to the material caused it to boil up as a green foam which indicates either a brass or copper material.  This was an unusual hole as we went through four drill bits getting from 24 feet down to 30 feet (extremely hard material).  To provide a comparison, even in the granite bed rock (boulders) material, the drill would only take one carbide tipped bit to get through approximately 18 feet of bedrock material and on a few occasions, the drilling bit survived to drill a second hole.   By comparing the signal radiating from the target, we were able to locate 2 additional “sister deposits” a few feet apart as well as other “sister deposits” at varying distances.  When the drill was repositioned over these targets, we were able to “score four bullseyes” and had gold flakes come up in the discharge material. EUREKA, as the gold miners of a century or more ago would say but, unfortunately, we were not able to get a gold core to the surface.  As a result of locating other similar signals we were able to determine the center point of the radials as being at a different depth and offset about 18 feet to the north of the series of brass containers located at about 30 feet deep.

We were also able to determine that there is about a 10 foot by 12 foot (3 meter by 3.66 meter) “window” at the south westerly end of the original excavation that is relatively soft all the way down to the 72 foot mark.  This window is now the center point for our excavating activities.  On the shallower deposits (30 feet deep), the signal emanating from the center of the window indicates four brass “boxes” at about 30 feet deep with another 4 sets of 12 containers arranged in Y shaped patterns emanating from the four sides for a total of 52 containers.    Two of the Y shaped patterns in which the deposits are arranged on each side of the window start only about 1 foot away from the edge of the window or approximately 6 feet from the center.  90 degree’s offset (perpendicular) to these “Y’s” are two more sets of Y shaped deposits starting about 4 feet from the edge of the window or about 10 feet from the center. The far “edge” of the Y is approximately 20 feet from the starting point on the outside of the window.

In addition to the deposits noted above, there are a number of deposits of what appear to be 4 – 75 kilo gold bars shielded with lead in a somewhat square pattern.  These deposits also appear to be spaced at greater distances once they get to be more than about 14 feet from the center point and we have not been able to accurately determine a depth for these with the drill but we now suspect they will likely be at 50 to 75 feet deep.  On these deposits, we have found indications of booby traps (bombs) spaced midway between the deposits.

We have also found that other targets (commodity deposits) appear to be located on at least three different levels but hitting these deposits, which appear to be about 16 inches by 16 inches in size, with the drill, is like finding the proverbial “needle in the haystack”.  While we made every effort to ensure that the rods are started vertically, if the drill rods are only a quarter of an inch out on the surface, it will put the bit outside of the 6 to 8 inch window necessary to hit the target at 50 to 80 feet below the surface.  We have also located what appears to be extremely large targets, where many of these containers appear to be solidly stacked within the tunnel system.  However, we have 220 feet of drill rod and were not able to hit these targets so it appears that the large deposits are likely situated deeper than 220 feet below the surface.

Late in February, I was advised about a new type of computerized Electromagnetic scanning/locating equipment that had recently been brought into xxxxx.  Although being quite expensive to use, we felt that the ability to obtain 3D sub-surface imaging data proving the existence of the gold deposits would be very beneficial and hoped it would provide additional information on the gold deposits and tunnels.  The equipment and operators arrived at 8 AM on March 7, 2006.  We used the equipment to check three areas while focusing on our main  Site.  On one of the exceptional passes, the operator could not believe the results and, thinking he must have pushed the wrong button he broke off midway through the run, went back to the starting point and ran it again, only to get exactly the same results. The actual scanning only took a few hours and the laptop computer showed some results immediately but required several hours of post processing in order to view 3D images and to print composite images of the results.  The results were impressive, as were the 3D images… to say the least!   The imaging system complements and enhances the findings that we have made with our other scanning/locating equipment. We also brought the system back in on March 27, 2006 for verification of our  (main site) excavation plans and to recheck our second site.

I made some high resolution scans of the actual scanning result prints which appear to be blurry but, with the software programs on our computer, I am unable to enhance the prints to remove the blurry edges without causing other undesirable changes.  I will attach two of the prints for reference.  The computer generated, 3D images depicts ferrous (iron) material in the color red and, if it is not in the form of ferrous oxide (rust), the ferrous material blinds the scanner from all other materials below/behind it.  The yellow material appears to be the extremely hard silica cement with the orange material possibly being brass but the operators were unable to verify this as they had not experienced these results in their previous work.  The green color can actually be viewed as at least three shades of green on the computer screen and represents different types of soils.  The dark blue/blackish color is void of information and is believed to be sand or other silty material and water which apparently does not return a strong signal to the receivers.  The LIGHT BLUE color represents gold and precious/noble metal deposits.

On the first print (Main Site), the following information was copied verbatim from their hand written description.  Any words in parenthesis are my explanation or description.

"This shows the possibility of at least 4 tunnels or voids with a covering of ferrous material (not a lot) and with the presence of a large amount of non ferrous (Au - gold) targets.  The scan clearly shows a well structured and heavy deposit and could be the possibility of a major find.  The depth is difficult to ascertain but my readings show it to be at a shallow depth.  With so many positive targets the xxxxxxxx (equipment name) is confused.  The difference in depth of the ferrous material to non ferrous may be 1.4 meters (i.e. If the ferrous material is in the form of drums then they are 1.4 meters high – or a 205 liter-55 US gallon drum). Also shows a trace of poison in the earth but not a threat I believe".

The second print (T 2) is of our other operating site.  This scan was taken March 27 and clearly shows square corners or stacks in two colors of lighter blue as well as orange.  We know that we have gold and possibly diamonds in this site and nature certainly does not deposit materials with square corners and straight edges.

Despite the cost, the xxxxxxxxxx certainly proved its worth and provided irrefutable sub-surface imaging proof of the deposits.

CURRENT ACTIVITIES:

The 2nd site is well controlled and we commenced excavation activities commencing in March.  At a depth of 18 feet, we encountered very heavy flows of water (a water trap).  The walls have been reinforced with steel wire and cemented down to 16 feet.  We found a water trap line running directly through the center of the excavation at approximately 19 feet deep and are in the process of obtaining specialized equipment and materials which should enable us to cut off the water several feet into the excavation wall and secure the excavation.  When we are able to import the polyurethane and injection pump, we will pump down the water at second site, drill into the sidewalls and inject the polyurethane in order to cut off the water and form a wall.  Technically, we should be able to make a water proof "floor" 2 to 3 feet below the existing surface, dig it out and make another floor a few feet below again and keep going that way until we reach the target.  Again, the materials and equipment are not cheap but will enable us to reach the target.

When we rechecked at the bottom, we found that three of the walls have been completed sufficiently to allow us to now go straight down.

The first 8 feet of the excavation has been cemented in at about 4 feet by 4 feet.  However, our scanning results on March 27 showed that the deposit is quite a bit bigger than first expected.  From 8 feet to 16 feet depth, two opposing walls continued to go straight down while the other two walls were angled out an additional 4 feet each.  At this point, the bottom of the excavation wall is cemented in at approximately 4 feet by 12 feet.  The one wall can now go straight down as it is past the edge of the deposit but the fourth wall must continue to angle out another 4 or 5 feet in order to "get behind" the deposit.  The deposit is quite a bit larger than we had originally anticipated which is very good news.

Indications are that the gold deposits are at approximately 30 feet total depth in this site. In addition to the main deposit, there are two short tunnels crossing through the center of the excavation and each of these tunnels have additional deposits at the outboard ends.  Once the water has been controlled, the 2nd site is planned for “fill in” work.  The main site will have the priority but when the 13 man crew does not have adequate work, several crew members can be sent to the 2nd site.

 MAIN SITE : After extensive discussions with both the land owner and the developer, on May 11, 2006 the  Trading Company entered into a Lease Agreement with Option to Purchase the 1.2 hectares (almost 3 acres) of property on which we have been working. This step was taken in order to completely control and secure the property prior to removing the deposits.

Immediately, we brought in a Caterpillar D-8 Bulldozer to level the area and started erecting a 12 foot high security fence around the actual recovery site (see attached photos).  The fence was basically completed on May 27 (see photos). With the inner security perimeter fence completed, we will be erecting a barbed wire fence around the outer perimeter of the leased property.  We were planning on putting up an 8 foot high, heavy guage, chainlink fence topped with razor wire but the cost will be about $35,000 USD so that type of outer security fence will have to wait for additional investment capital or until the first recovery.  Our primary focus has been on securing the site so that we can reduce the outside interference and onlookers.

On the initial recovery, the only booby trap we have been able to identify so far at the first level is water.  The 5 water trap supply lines (tunnels carrying the water), located and verified as running into and through our planned excavation area, were marked inside of the security fence and we commenced drilling to intersect the first line on May 29.  The first line targeted runs directly under the excavation window.  Once we have been able to drill into the line, we plan to ream the hole out to at least six inches in diameter, try to fill the water trap with sand and gravel, then use a cement pump to pump cement under high pressure into the sand and gravel mixture in an attempt to permanently block the supply lines going into the site.  In our experience, no other recovery groups have tried to block the water traps before inadvertently opening them while digging, and thereby flooding the excavation site.  It is difficult to plug water traps and often result in the sites being abandoned.  The additional time and expense to do this should prove worthwhile.

On Friday June 2, 2006, while drilling the hole in an attempt to intercept and plug a water trap line running beneath our excavation, we inadvertently hit another impenetrable target at 134 feet.  After spending a day drilling without being able to penetrate the object, late yesterday afternoon (June 3), I used one of our primary locating devices to check the object and found it to be very similar, if not identical, to the impenetrable object located while drilling the first hole in the other excavation site approximately 80 feet to the west.  By using and comparing the signals received from the object, I was able to locate several more objects of identical size within our secured area.  While time did not permit verification or a comprehensive search of the area, the objects appear to be oriented in the same direction as some of the previously mapped tunnels.  As such, it appears that we have strong indications of another level within the recovery site.  However, please bear in mind that this is subject to verification, which may take some time.

We have planned a different approach to this main excavation than previously utilized as this excavation will likely have to last for a few years.  It will take some time to recover the first layer of deposits at about 30 feet deep, then work down to the next layer which will likely be about 70 feet deep before going to the 134 foot deep level and subsequently to the big deposit which we expect to be much deeper. Keep in mind that it is quite likely that we will encounter other levels during the excavation and recovery process.  Our normal excavation size for hand digging is 12 feet by 12 feet square but, for a number of reasons, the plan for this excavation size is to go to a size of 26 feet by 26 feet.  In order to stop the ground water, as well as installing a retaining wall in the soil to protect the excavation crews and stabilize the excavation so that we do not have any problems during rainy season, the drill shall be utilized to drill a series of holes around the excavation perimeter in order to “jet grout” a retaining wall approximately four feet thick prior to excavating to the 26 foot square hole size.  The process is to drill down approximately 25 feet from the surface and about 12 inches into the hard cement layer which extends from the “window” out to about 40 feet away from the center.  Then we will inject grout/cement under high pressure into the hard cement layer and the surrounding soil.  In effect, the process will create a number of "cement tubes" in the soil and by sequencing the grouting work from primary to secondary to tertiary locations, the soil densification process can be performed to achieve the desired result of virtually eliminating ground water intrusion and providing a retaining wall to eliminate cave-ins and on which to mount supports for ladders and lifting devices (construction elevator or?), or other requirements as necessary.  At that point, we can excavate down to the hard cement layer and then reduce the excavation size to go through the window in the hard “ceiling” and tunnel in to the deposits under the ceiling at about 30 feet deep. 

We have been trying to locate a suitable high pressure concrete or shotcrete pump but any suitable pumps have been “out of reach” financially.  However, we may have located a pump that will do the job and I anticipate checking the pump this coming Tuesday.

We had also planned to utilize an excavator for the initial excavating work but the excavator that was supposed to be delivered last week apparently encountered mechanical difficulties and has not yet been delivered.  Also, it is important for us to check the first 7 to 8 feet and then from 15 to 18 or so feet for signs and markings left behind to identify the locations.  This is fairly difficult to do with an excavator due to the amount of dirt removed with each bucketful.  As such, on Tuesday May 30, the crew started digging a 12 by 12 hole by hand.  At 7 feet, directly centered above the deposit in the center of the window, we found the first markers we were looking for.  As of the end of the day yesterday, the crew had gotten down to about 12 feet deep.  The process shall continue again tomorrow (Monday) morning.


Best regards,

XXXXXXX   

5/28/2006

Hello GBRP Treasure Hunters!

We have such good updates for you this week! They are about 10 feet from the "blue" at the second site and 30 at the original site!! They are finishing up the security fencing around the first site and once done, the digging will begin and with their new equipment, will go very quickly as well.

The deadline to get your spends in is May 31. I had originally said May 30th, but that was before I looked at the calendar and realized May has 31 days! LOL

This is very exciting and things will be moving very quickly the next few weeks. I still plan on doing updates only weekly, but if things start moving faster and there is important news, I will update sooner.

Below are 3 updates; one from last Monday, last Tuesday and an update from yesterday from the site manager.

Have a great weekend and think "BLUE"!
:-)
Suzanna and Joey

==================
Hi Joey,

  I dropped back in tonight as I have not been able to get my work done at the internet with all the activity. Am still starting at 6:00 AM to 6:30 AM and finishing up between 9PM and 10PM.

  Our water pump supplying the drill broke down today when it blew a head gasket. Fortunately, we had a good used gasket and were able to get the pump operational in only about 3 hours. However, it slowed us down and we still have 3 post holes to drill in the morning. The site is starting to look pretty good.

  The gent supplying the hydraulic excavator is now scheduled to come to the site tomorrow so I should have an ETA after his visit. His concern is for security for the equipment and we now have 24 hour security so, once the fence is finished, all concerns should be allayed.

  The 2nd site should be within 10 feet of the blue and we have 30 feet to get to the blue at the main site. Our primary concern is with water intrusion, particularly with rainy season fast approaching and we are trying to eliminate that potential problem from the start. Our experience of last August was one we do not wish to have repeated.

  At this moment, the focus is on the main site but once the site is secured, for the first several days we will not require all the men on site (the excavator will be doing most of the work) and I plan to put as many men as necessary back on site 2 to get that one deep enough to start pulling the blue out.

  After getting the crew started in the morning, I am going to the auction site to inspect the cement pump and other equipment. That way, if necessary, I can always get an extra day to check it thoroughly. Then, back to the site by noon to meet with the excavator owner.

  Best regards,
XXXXXX
==================

Hi Joey,

  Installation of the cyclone wire was completed today and the welder and a few helpers are still working on the gates. The Sawali should be delivered early tomorrow (Wednesday) morning and we will start hanging it.

  This afternoon, I brought in another trustworthy friend who has some spiritual abilities. He worked for/with me on another project in 2001 and has a good heart and a good head. He liked what he saw so far.

  While he was checking out the site, I spent a lot of time laying out the actual excavation site and pinpointing the deposit containers. The good news is that I found indications that the one container which was off to one side in the window is actually 4 containers roughly centered in the window and I found indications of several other containers when I started looking for mirror images of what I had already found (at 30 feet deep). To translate that into plain english, it now appears that we may have twice as many containers at 30 feet deep as I had originally anticipated.

  The other good news is that I cannot find indications of bombs or poison in the window/excavation area but the potential bad news is that I found a water trap line (which appears to be about 2 feet wide) running due north and south directly through the center of the planned excavation. I have not yet been able to verify if it runs above or below the 30 foot level and will continue to try to verify that. I found several supply lines running off of the main water line coming from the free flowing water source (located over towards the big compound used for the window factory). I am able to track these water trap lines back to the main water supply line.

  At this time, I am planning to setup the drill close to the main water supply line and I will drill down to try to hit the water trap line. Then we would ream the hole out, try to fill the water trap with sand and gravel, then use the small cement pump to pump cement under high pressure into the sand and gravel mixture in an attempt to permanently block the supply lines going into the site. I will setup the drill for this purpose tomorrow as one man can operate the drill while the others install the Sawali. When it is time to move the drill, all the crew can do the drill move and then go back to the Sawali and fencing.

  Best regards,
 XXXXX

========================
Hi Joey,

 I still hope to get an update out in the next few days. It has been a hectic week but the fencing is finished with the exception of the vehicle/equipment gates. We started drilling again yesterday with the water trap lines being our target. Unfortunately, the winch assembly on our drill broke down when we were only at about 13 feet deep. We disassembled it yesterday to get to the clutch blocks and found they are made of hardwood. xxxx and our worker from the municipality where that type of wood is supplied picked up enough wood to make about 4 sets of clutch blocks this morning. I have the brake band in the machine shop to be renewed and all should be ready for pickup in about 30 minutes so I hope to finish the work and reassemble it today.

  We should be back at work stopping the water traps on Monday. I have been able to pinpoint the 5 different supply lines using the rods. To the best of my knowledge, nobody has ever done this before (unless the Japanese have done so on other sites). We are working just inside our security fence (about 40 feet away from the actual excavation) and are going to try to drill into each of the 5 water trap supply lines running into the site, starting with the first one which runs exactly through the center of our excavation and above (or below???) the 4 deposit containers in the center of the planned hole (the window). If we can successfully hit the water trap and block the line, it should save us a tremendous amount of work in the near and not so distant future. It should help us substantially while doing the digging on each of the levels.

  The plan is to drill into the water trap with our standard drill steel, then we shall ream the hole to at least 6 inches in diameter so that we can pour a mixture of sand and gravel down the hole and plug the water line. Then, using the small cement pump and a smaller diameter steel pipe, we shall pump cement into the sand/gravel mixture to make the plug permanent.

  XXXX just called and needs me at the site so I'd better run but will have you a comprehensive update and photo's over the weekend.

  Best regards,
  XXXXX

5/19/2006

Hello Everyone,

We have some photos and two updates from the Site Manager. Also, good news as the bulldozer and the truck you see in the photos actually belong to us (those that have made spends). It is a small detail given what we are going to see soon, but comforting nonetheless!

Work is held up at the second site as they are looking for a cement hose that is apparently difficult to find. In the meantime they are making progress at the first site getting the security fence installed. As soon as they are finished, digging will start there and it will go pretty fast now that they have the equipment they needed.

All the details are in the updates below.

We will update again next weekend unless something extremely exciting happens (some "blue" comes up for example) before then.

Have a good one and don't forget that May 30 is last day to get your spend in for this!
Suzanna and Joey
===================

 Hi Joey,

  The first typhoon came through a little earlier this year than usual and we only caught the edge of it so we did not get much rain. It started Saturday morning and appears to have pretty well dried out by Tuesday afternoon.

  As per my last email, we brought in the D-8 on Saturday and it worked 14 hours between Saturday noon and late Sunday afternoon.  We backfilled both small holes and most of the deep one.  The Bulldozer could not get in around the neighbor's banana tree's without flattening them and to avoid creating a major incident, I pulled him away from there.  When the excavator arrives, we will spend a few hours moving the rest of the dirt and filling the last 10 or so feet of the deep hole.

  I have attached 5 photo's for you.  The first 3 photos show the D-8 at work.

That short fence will be completed in the next few hours and I hope to have completed at least half of the one side of the main enclosure by the end of the workday here.

This one was taken Tuesday afternoon when we got the drill setup and drilled the first hole for the fence which will go around the water supply sump. 



 The other photo shows the site from the road as of about 11 AM today.  We are just finishing unloading the crane from the back of the truck and you can see the A-Frame and the drilling rig in the back ground. 

I had planned to drag the drill around on the ground to drill the post holes for the fence but with the rain and all of the soft spots created by the D-8, even xxxxx's 4 wheel drive truck has a hard time moving it.  As such, I will put the drill back on the truck and remove the hydraulic tailgate lift platform so that we can move the drill in the truck. I hope that cuts our time to about 20 minutes for each post hole as we still have about 60 holes to drill.  The hard part is trying to level the drill so that the post holes are true (we want it to look good as well as to be functional).

  Next I will have to haul in several truckloads of gravel to build a good road and vehicle parking area inside the fence so that we do not get stuck in rainy season.

  I have been making good use of the truck (in the picture) for picking up and moving the materials we need at the project site.  It is in very good condition and runs well.  I have not installed the crane yet as I have to cut and splice the tail frame of the truck to make it strong enough to act as a tilt deck.  We will probably do that when the excavator has come in and finished its primary task (digging the big hole down to 20-24 feet) so that we can use the excavator to lift the deck off, lift the crane on, and put the deck back on.  In the meantime, we are using the truck everyday.

  I did the necessary welding yesterday and had a welder start this morning as we have a lot of fence posts to weld tabs on (to hold the barbed wire and razor wire securing the top 4 feet) and to fabricate the gates as well as other welding work we need to do.  The fence will be 12 feet high with 8 feet of Sawali bamboo matting (backed by 6 feet of Cyclone Wire) obscuring the view from the surface up to the first row of barbed wire.

  Once the inner security perimeter fence is erected we would like to put up a barbed wire fence around the outer perimeter of the leased property.  I was planning on putting up an 8 foot high, heavy guage, chainlink fence topped with razor wire but that will take about $40,000 USD which was not in our previous budget so I will have to wait for that fence until the first recovery.  Our primary focus at this moment is on securing the site so that we can reduce the outside interference and onlookers.

  The  2nd site will be on standby for another few days until we are able to get the high pressure hose needed to be able to pump the cement through into the excavation walls.

  Best regards,
  xxxxx

Hi Joey,

  I have a brief update for you this morning as I am on my way to xxxxx to try to get some high pressure hose for the cement pump (it is amazingly difficult to find).

  I would expect that we will finish drilling the holes for the fence late today or tomorrow. The rest of the steel pipe for the fence was delivered this morning as well as most of the 6 foot high cyclone wire. I say most as I expect that what we now have in stock will be close to what we need to finish the fence. The crew should be able to get the cyclone wire up in about 2 days.

  As you will have noted in the photos, I have mounted the drill in the back of the truck so we will not be able to use the truck for other purposes for a few more days. xxxxx is presently checking on the status of the excavator's arrival.

  There is another auction sale coming up on the 24th and it appears that they are going to sell a large cement pump. If the pump is in decent condition, I would like a chance to acquire it so that we can use it to inject cement into the ground around the excavation site and try to cut off the majority of the water as well as to stabilize the excavation wall. The other cement pump is a small one suitable for small areas and will not work for large grout walls.

  Also, a few planning changes have occurred and the excavation is going to be bigger in size than we had originally expected. At this moment, it appears that from the surface down to the hard cement layer will be about 30 feet by 30 feet or almost 10 meters by 10 meters. I am glad we will have an excavator because that size of hole means we have to move about 5 times more dirt and material.


  Best regards,
XXXXX

5/15/2006

Hello GBRP Treasure Hunters,

Joey and I would like to just keep you updated as progress is being
made and we are pretty sure the results will be evident very soon at
the second site.

Below is the update we received from the Project Manager. Remember
his restrictions to using an internet cafe for these communications
and his needed prudence in expressing what is happening. We both feel
that they are very very close to hitting the "blue".

We should have some new photos this week and will let you know when we do, but I didn't want to hold back this news until then.

Please note that you have until May 30 to get your spend in!! Please
check the site for details on where to send it!

Also, please note this is a PRIVATE SITE and the address (URL) is not to be given out without permission.

Thank you for your discretion.

Suzanna and Joey
=====================

Hi Joey,

   Things are looking up over here. I have not been able to find a
used pressure grouting system that is for sale (or rent). As we do
not have the budget to just go out and buy a new pressure grouting
system (or the time to wait for it to arrive), we have had to buy
components and assemble it ourselves. This takes longer but is
certainly a lot less expensive. Two weeks ago, I was able to acquire
a Japanese 2 stage piston pump. We had assembled it with the new 7
horsepower Honda engine we use on the cement mixer. While the Honda
will run the pump empty, it will not even start with only water in
the pump. On Saturday, I found a 22 horsepower diesel engine to run
the grout pump with. We have since fabricated a sub-frame for the
pump and should have it assembled by tomorrow. I will try to find
some large diameter, high pressure hose today. I have been told that
this pump will operate at up to 2000 PSI which is about 140 bars and
conventional hydraulic hose is good for about 3000 PSI so now I am
trying to find good used hydraulic hose with a large enough inside
diameter to allow the grout to flow through but small enough to
enable one man be able to drag 50 to 100 feet of it around.

   Thursday, I will travel to one of the local construction chemical
suppliers and try to source the best grouting materials and additives
to be able to cut off the water and stabilize the soil. I am hoping
that they also have the correct polyurethane material to stop the
water coming up through the bottom as we do not want to have to grout
(cement) the bottom and then cut through the cement again.

   Once we have the grout pump operating and the right materials, we
will pump down the water at the second site, drill into the sidewalls
and inject the grout in order to cut off the water and form a grout
wall. If we can find polyurethane and a way to inject it, we should
be able to make a water proof "floor" about 2 feet below the existing
surface, dig it out and make another floor a few feet below again and
keep going that way until we reach the target.

   When I checked the second site at the bottom, we found that three
of the walls have been completed sufficiently to allow us to now go
straight down. The fourth wall has to go out about four more feet in
order to "get behind" the deposit. The deposit is larger than we had
originally anticipated which is very good.

   We will try to use a similar procedure at the main site to stop
the ground water as well as building a retaining wall for the soil to
protect the excavation crews and stabilize the excavation so that we
do not have any problems during rainy season. This excavation will
likely have to last for a few years as I expect that it will take
some time to recover the first layer of deposits at about 30 feet
deep, then dig down to the next layer which will likely be about 70
feet deep before going after the big deposit which is much deeper.

   The difference at the main site is that we plan to use the core
drill and drill down approximately 25 feet from the surface and about
12 inches (30 cm) into the hard cement layer. Then we will inject
grout/cement under high pressure into the hard cement layer and the
surrounding soil. In effect, the process will create a number of
"cement tubes" in the soil and by sequencing the grouting work from
primary to secondary to tertiary locations, the soil densification
process can be performed to achieve the desired result of virtually
eliminating ground water intrusion and providing a wall to eliminate
cave-ins and on which to mount supports for ladders and lifting
devices (construction elevator or ?) as necessary.

   On Saturday, I also arranged for a large hydraulic excavator so
that we will use the drill and quickly erect a security fence around
the immediate area (our excavation site), drill the inner ring of
soil stabilization "cement tubes", bring in the excavator and use it
to dig down to the hard cement. I would expect that the final hole
size cut by the excavator will be about a little over 20 feet by 20
feet and down to the hard cement which is about 24 feet deep so that
we can attach wire mesh to the cement tubes and shotcrete or cement
the walls if necessary.

   I am off to try to arrange the hose for the grout pump as well as
check on the injection nozzle I have being fabricated.

   Best regards,
XXXX

4/29/2006

Hello all GBRP participants!

Sincere apologies for the longish stretch between updates (it has only been 23 days!)

There has been lots of things going on and we have had lots of positive and exciting news from the Project Manager, but we were waiting for some photos to arrive before we sent this out. There have been many developments in and around the GB Recovery Project to inform you of, so get comfortable and prepare yourself for a long read.

One thing you need to know is that the on-site Project Manager sends us news from the only internet source in his area, which is a public cyber cafe. So sometimes info is "between the lines" or even delayed due to the need to wait for some private time with no prying eyes around, as security is of paramount importance with this project.

The big news is that there has been a surprise twist to our project... to our greater benefit!

When the scanner technicians arrived for the second time around to pinpoint the best location to start digging (between the two prime choices at the main site), they "accidentally" found another location with lots of "blue". This new location was already more private and more easily accessible than the original main site and they were able to start digging right away, without having to put into place the security they are still installing at the original main site, which is very necessary before the serious digging can start there.

And this is the really good news: The Project Manager has agreed that any recovery from this second location will be included in our deal, so we now have TWO recovery sites working for us and the second is, as you may have guessed, VERY promising! That is not to say that the first site is not, it is just so much easier to work the second site straight away, as you will see farther down in this update.

They are buying the heavy equipment they need for the main site right now and are installing the heavy duty security fences around the site so that the digging can start in a big way as soon as all this is done, which will be within the next 10 days. And as we are now using mechanical digging at the main site, rather than hand digging, so to speak, really we have lost no time at all by putting our attentions on the second site and the main site will be really secure, which is an absolute necessity.

Remember that the recovery involves much more than just digging and the Project Manager has to foresee any and all possible scenarios once the "blue" comes to the surface. As we have explained in the past, the most important aspect of this project is the security when we actually have it in our hands; we then need to protect, transport and sell this bullion securely. The digging is actually the "easy" part!

Now, at the second location, they have gotten down to a water trap and are fighting to block up the flow by pouring in cement walls. You can read the details of that in the Project Managers quoted update below. In fact there are several updates below...

All in all, things are progressing in such a manner that we are ready to open up to more funding. The Project Manager has sent us a wish list of equipment he'd like to have in order to make things easier and faster for recovery and more secure for the post recovery period. He can make do with what he has now, but as we all know, the better tools one has to get a job done, the faster and better the job gets done!

So if you'd like to invest more funds or maybe you have not invested as yet and have been waiting for us to re-open to funding, the time to invest is now. We will use the same ebullion account but have opened a new egold account, simply to keep the accounting a bit clearer. Please use the information at the website to make your spend.

You will receive the PRIVATE URL once you send in your signed disclaimer as instructed by your referrer. You do not need to send the signed disclaimer more than once, so if you have already done this you are good to go.

Terms are the same: once the "blue" is recovered, we will pay you your principal and then AT LEAST 5 times your principal within the following 12 months. We will also be in the unique position of being able to continue to invest with the corporation who owns the project after this recovery has been a success as well... and there are many many future projects  that we know you will want to be a part of.

Funding will remain open until May 30th 2006 and if you have already sent in your disclaimer, you are free to send funds when you like – don’t forget the NEW egold account though. If you haven't sent the disclaimer yet, please contact your referrer (Suzanna, Berry, Peter or Keva) and get a copy of the disclaimer and instructions on where to send it so you can receive the private website address with updates and spending instructions.

Below is a compiled update from the Project Manager and includes photos of what is happening now on both sites. This covers several updates we received over the last 2 weeks, so you can see that progress has already been made from when he first let us know about the second site.

You can also see his Wish List for more equipment and it just shows you how serious a project this is. It's not just a bunch of guys digging holes! And of course when we have the machinery, then of course we can use it for other projects later on with no further capital outlay – hint hint!!

We will keep you updated as more news and progress happens at both sites!

Here's to finding the "blue"!
Suzanna and Joey

=====
Hi Joey

Yesterday afternoon, we conducted an official survey on the main site. How often in Europe or North America do you need armed guards just to survey property?!

The whole crew except one man are on the main site today and once the mayor has given me the OK, the crew will start putting up the inner perimeter security fence.

I did not know about this second site when you were here and only found it accidentally while using one of the locating devices – the scanning ground penetration radar. It was quite a surprise to say the least, especially considering where it is!

A lot of additional locating work at the second site revealed a relatively large deposit (estimated to likely contain at least 1 tonne) at the bottom of the excavation and in 2 short, narrow, backfilled tunnels which cross virtually in the center of the excavation. The two tunnels are oriented on true North – South and East – West bearings and the East – West tunnels are approximately 20 feet in length with a T shape on the outboard ends while the North – South tunnels are about 15 feet in length but just terminate with no T shape at the end.

After a lot of soul-searching, I decided to start this site because I control the location and to give my crew some work while getting all the security etc organized at the main site.

The scanned print shows the scan results as scanned from the bottom of the hole (looking down) on March 27, 2006. The hole at that time was about 8 feet deep. As you will recall, according to the operator, the light blue color is what we are looking for. Note the large area of the light blue and equally as important, the square corners or "stacks". It also has some significance that the other colors in the scan have straight edges and square corners and are obviously man made.

It is estimated that the top of this target should be approximately 7 to 8 meters or 23 to 26 feet deep (I think one of my previous emails said 21 to 24 but the above numbers are more accurate)..

In order to stop things from collapsing and in an effort to control the water, we had cemented in the first 8 feet with a lot of cement, steel mesh and rebar to maintain the structural integrity (so there is no settling or cracking or... worst case scenario, the site falls into the hole!).

The crew got down to 16 feet total depth before Holy Week but we encountered a water trap when probing the bottom of the hole. We plugged the hole with several rocks and shut down the operation until after Holy Week (during Holy Week, as you know, virtually nothing happens). This week, we pumped out the water and, amazingly, did not have any cave-ins but lots of water coming in.

In trying to plan how to avoid the water trap and continue the excavation, I decided to cement straight down on two sides and to widen the excavation by an additional 4 feet each on the other two sides to get back to our 12 foot wide excavation and cement those angled walls in. Then for the next 6 to 8 feet going down (to hit the target) we will angle the other walls out to get us back to 12 feet by 12 feet wide.


             

As you will note from the attached photos, we had cut the excavation walls straight down from the cement and have placed the forms for the cement work. The last time we did the cement work, I rented a cement mixer but, as we have a tremendous amount of cement work to do both here and at main site, this morning I bought a cement mixer which will pay for itself completely within about 15 days of use. The crew members working here are pouring cement for the 2 walls as I write.

Tomorrow, they will start to cut the other walls to expand the excavation and we plan to go over a couple of feet away from the water trap until I am able to get a special small cement pump which should enable me to pump cement under high pressure into the water trap in order to seal it. The water trap is basically a pipe about 8 inches in diameter about 6 meters or 19 feet below the surface running directly through the center of our excavation on a Northeast to Southwest bearing

We have a high volume of water coming into the hole and the cement walls will serve to cut off that water as well as provide a safe structure for the crew working down the hole.

I have 5 men working on this site full time at the moment, but will redeploy them to the main site as soon  as they are needed.

Incidentally, from the second site this morning we brought out a big rock indicating the tunnel direction, we know that it is there but it is still nice to have these additional confirmations.

Main site:

The other men are working at the main site.

To start with we are installing a low security fence around the immediate excavation site. However the immediate excavation site has been enlarged in area to include not only the "window" but will also encompass the area where we scanned the deposits between the steel walls which was about 40 feet away from the closest edge of the window (along the gap in the hard surface – at 24 feet deep, that I  showed you while you were here).

The size is now planned for 100 feet by 100 feet. In this manner, we can still easily move between the 2 sites without any major modifications and we will have adequate, relatively secure space to store the drill and other equipment as well as to stockpile dirt which can be later moved using a tracked loader.

This inner security fence will be about 10 feet high, constructed from galvanized steel pipe and standard chain link fence topped with barb wire and/or razor wire. It will also have Sawali, a tough, rolled bamboo matting, about 7 feet high, tied against the chain link fence on the outside to stop the locals from watching us and to provide a visual "wall" for all onlookers.

I expect to complete the fence by next week and, if all goes well, we will have an excavator starting work to cut down the first 20 or so feet in the prime target site late next week. This will get us back on schedule at the main site and make up for lost time.

As you know from the Business plan and numerous other emails/previous correspondence, for the project, we had planned to acquire:

   1. Additional scanning/locating equipment;
   2. Light duty boom truck;
   3. 4X4 Diesel Pickup;
   4. Specific excavating equipment including a tracked loader (a bulldozer with a bucket instead of a blade) and hopefully an excavator;
   5. Other necessary equipment (including cement mixer, small cement/grout shotcrete system and fabrication equipment) as needed;
   6. Security fence and project site office – which is really not an office at all but a way of disguising where we are working.

The total cost in USD would be about $100,000+ USD not including the site lease costs and of course the usual operating costs.

I wished to purchase the heavy equipment and truck as the cost to rent this equipment for 2 months is virtually the same as buying it. I had tried to get some local banks and a finance company to lend adequate capital to the company to buy the equipment (and smooth out the acquisition – startup costs) but have not had any success and as  of today, do not expect to have any success in this area.

Naturally, I can fully justify each of the items detailed above but we are also used to having to "make do". In this case, we just have to prioritize the list and the abbreviated list comes out as follows:

   1. Repairs and upgrading to existing equipment;
   2. Security Fence and Project Site facility;
   3. Cement mixer, tools, generator repairs, small cement/grout pump (am still trying to locate one of these), etc.;
   4. Tracked Loader (to level the area, will have lifting capabilities, backfill existing excavations, remove dirt from digging site and support excavator as well to mount the drill on for fast drill moves, etc.);
   5. Boom truck (pickup necessary materials, drill moves, recovery of assets in other excavation and to lift large containers of excavated materials from site expediting the excavating/recovery time);
   6. Additional scanning/locating equipment ( to continually scan the floor and walls of the excavations as we go down ensuring we do not miss our target and to continually provide new or updated information to expedite the recovery process);
   7. Other equipment, tools and material as required at the specific times.

According to our list, the next big dollar acquisition will be the tracked loader which will be about $10,000 USD. I have located and inspected a good used Caterpillar 951 tracked loader which has about a 2 yard bucket and hope to conclude the transaction as soon as possible.

As for the project site facility, we had originally planned to use 4 Forty foot steel shipping containers which would cost about $12,000 USD delivered. We are looking at some other alternatives but will have to make a decision by next week.

===
All the fence materials are ready to start. I am trying to locate an excavator today that we could use to start digging with late next week.

The inner security perimeter fence will be 100 feet by 100 feet and will encompass ALL of the primary targets identified to date. The actual lease area will be 1 hectare (327.5 feet by 327.5 feet) and will cover the entire area.

The initial excavation size will be approximately 20 feet by 20 feet down to 24 feet deep with the 10 foot by 12 foot "window" (in the original Japanese excavation) more or less centered in the excavation. When we get down to the hard surface, I would hope to be able to shotcrete in the walls of the 20 X 20 area to stop the water and prevent caveins.

Then we will dig by hand down through the "window" and at thirty feet deep, we should be able to get our hands on the first box – of 75kg bars of between 2 and 4 bars - which is off center in the window. We will likely have to go down to the bottom of the hard layer (34 to 36 feet deep) before starting to tunnel in to recover the other boxes at 30 feet deep. I would hope to accomplish this in about 30-40 days which includes recovering the target in the window. The 30-40 days is an optimum time
frame as we will have to deal with any booby traps (poisons, bombs, water, etc) encountered during the excavation. I do not expect to encounter bombs going down to the first 36 feet but do expect poison and water. This is why I need the equipment noted in my email yesterday it is a tough decision trying  to figure out what the acquisition priority should be as it is all important and may be required within hours or days of each other.

Going down to approximately 36 feet deep will keep the 6 foot thick hard cement layer as a roof above the tunnel and we will try to cut the tunnels only about 3 feet wide to minimize the time required to tunnel 20 feet in each of the 4 directions (recovering 4 other deposit containers in each tunnel). In going to the east, about 10 feet away from the main excavation "window", we should encounter 2 additional tunnels diverging from the main tunnel at approximately 45 degree angles. We will likely have to tunnel about 40 feet in these diversion tunnels in order to recover the other 4 deposit containers located in each of these tunnels.

I can not give you an idea of the total time required to recover all 25 boxes as we do not know what we will encounter during the process. I trust that your investors will understand that the digging part of the recovery, while time consuming, is only one aspect of a successful recovery. It is more important to make sure that all the potential problems are taken care of before they become a problem.

This is the process that I have been working through for the past several weeks.

We will start the fence Monday morning. There is 400 feet of fence to erect and several gates to build so I hope to finish it late in the week. Depending on finding an excavator today, I would anticipate having a good size hole by next Saturday as per the above noted information. I hate to waste money renting it instead of buying it but, it appears to be a necessity at this time. The other problem with renting is that it brings in outsiders and more questions as compared to using our own people.

There is an equipment auction sale starting next Wednesday so I will check the equipment they have available tomorrow, to see if any will be suitable for our purpose.

===============

We have one site (the second site) operational, and the digging will start on the main site immediately as soon as we have everything fixed (fenced) and that I can acquire the necessary heavy equipment on Wednesday April 26. I have to pay for the equipment before May 5 and before removing it from the sale site but I was able to find a picker crane we can mount on the bulldozer or a truck, a Komatsu D50S track loader and a Caterpillar EL180 hydraulic excavator with only 3400 hours on it.

The heavy equipment is larger or different than most of the locals are looking for so we have a rare opportunity to
acquire the equipment, close to home and chances are at a very reasonable price as it is not high demand equipment but will work very well for us.

We have our wish list and as I mentioned, we are used to making do with what we have available.

As per your request in your last message, I also think it not unreasonable that your group of Investors retain title to the machinery that we are purchasing with these and other funds. The equipment will go in the name of my company here (XXXXX Corporation) and I have no problems giving you an assignment on that equipment.

NB. Joey here: This is a very important point, as it is very unusual to be able to retain title to anything, let alone valuable heavy equipment. What this means for us is that if for any reason the project does not go according to plan, we have some heavy equipment to sell to enable us to regain some, if not all, of our investment, this is a very generous gesture on the part of the Project Manager and a further indication that we are dealing with some very honest people with great Integrity, I am impressed!

So far this morning, I have bought a 2.9 tonne picker crane to mount on a truck. By the time it arrives here the cost will be less than $3500 so it was very reasonable. I even got the crane I wanted and at about half the cost of the 2 other units that were sold. So far, it has been a good day. The crane will be used to lift large volumes of dirt (and yellow pay dirt!!) out of the hole at the appropriate times and should serve to expedite the work significantly.

The two attached photos were taken today at the second site. The first one was before the cement forms were removed and the second was taken this afternoon. The crew has finished digging the other side and, this afternoon, started to install the reinforcing steel prior to pouring cement which should happen tomorrow. By Friday, we should be able to finish the reinforcing work and expect to start going down again.

In the second photo, you can see how much water we have going into the excavation. The pump runs for about 20 minutes and stops for 2 or 3 minutes then runs again. Once this cement wall is installed, I hope to use the cement pump to inject cement or grout behind the wall and under the wall into the water trap. The cement mixture will be injected at about 1500 PSI and we hope it will effectively block off 90% (or more) of the water.

I managed to acquire a truck at the sale today that I will mount the crane on and we can use it for all purposes. It is only 2 wheel drive but we will mount the drill on the deck temporarily and use it to install fence posts at the first site.

It appears that one of the company directors has been able to get a financing approval for enough private money to acquire a company vehicle and we found a low mileage Nissan Patrol Safari 4X4 in exceptional condition for a good price.

I am going to limit the acquisitions at this time as I have found an excavator that we should be able to rent for several days or a week or so. I also found a heavy duty auger which I should be able to adapt to the drill rig and should be able to use it to drill 6 foot deep holes for the security fences which will speed up the process..

I also managed to find a cement/grout pump with the deal that if it works, I will pay for it and if not, I can simply return it at no cost. We are doing some modifications on the unit this week and hope to get it operational in the next few days. If that works to stop the water, it will be of great benefit.

=========
The crew is pouring cement as we speak (type) and we should be finished late this afternoon which should be about 8 or 9 AM your time on Friday 28th. I took a couple more photos of the second site this morning before the cement work started.

(Suzanna here: We were going ot wait for these photos to come through, but decided to go ahead and send the update as is. I will add the photos here as soon as they arrive!)

Late tomorrow we should be able to remove the forms and I will check the signal from the bottom to see if we are wide enough yet. If so, we go straight down and if not, we will continue to make the excavation wider while we go down. The good thing is that if we have to go wider, it means there is more gold and that we will have more room to go around the water trap.

I hope to complete the fabrication of the mounting system for the cement pump by tomorrow. Then, I will buy about 25 meters of flexible, high pressure, hydraulic hose and pickup the custom injection nozzle I am having the local machine shop fabricate and we should be in business with the cement injection system.

Next week, I will pickup the truck and crane at the auction site and commence the modifications necessary to mate the two. Then it is just a matter of putting the drill on the deck and starting to drill fence post holes to secure the main site.

Will advise on progress again soon with more photos.

4/6/2006

Hello Everyone,

A lot has been going on 'behind the scenes' in the last couple of
weeks, here are just a few of the tasks that the onsite GB Recovery
Team have successfully carried out:

The recovery site has been completely cleared to incorporate further
security measures ready for the BIG dig;

High security fencing has been ordered - higher and thicker (steel)
than normal and is being custom built - in anticipation of an
imminent recovery;

The site lease has been finalised (April 2nd) and successful negotiations with
the property owner have been completed;

Maintenance has been carried out on the drilling rig - and all the
other equipment as well - in preparation for the next round of
drilling/digging which should, all things being equal, start next week;

Further ground penetration radar scans have been carried out. These
scans were made to pinpoint absolutely - using different criteria -
the optimum spot to carry out the dig to produce the bullion in the
shortest possible time ie. the shallowest major deposits, these new
scans can be seen here:

Horizontal View

Overhead View

The project owner and manager has also been away from the site for
about a week recently, although this was on other business, it is
related to our project and will provide another secure source to
ensure that we can sell our bullion with no problems at all when the
time comes.

As I have mentioned previously, the skill in projects like this is
not so much in finding the bullion or indeed the recovery, BUT what
you are able to do with it when you have actually got it in your
sweaty hands and in our project an awful lot of thought has been put
into exactly that!!

Once the dig is in full swing, we will re-open to funding for those
that want to add to their current investments or those that are still fence-sitting.

We will show you the progress as it is being made in real time thanks to digital cameras and the internet.

Below is the latest (3rd April) update directly from the Project Manager:


Hello Joey,

   As per our telephone conversation of last Friday, on Monday March
27 I brought the scanning equipment back in to check our proposed
sites in more detail. Rather than trying to do a large area, we
focused on the actual planned digging sites. Results were as good as
expected but I was still not able to determine the best site from the
scan details, although both Gxxxxx and I are in agreement that the
original planned location will be the most likely one.

   The sensor head on the scanner contains 8 electromagnetic sensors
in a 1 meter wide antennae, which is carried on a formed aluminum
handle, similar to a metal detector. At the main site we did a total
of 3 sets of 3 runs, each about 20 meters in length, more or less
oriented in the same direction as our entire work area (towards and
away from where we parked when you were here), on a northeast to
southwest line.

   To make it easier for you to get a mental picture of the
situation, all references shall be as though viewed from where we
parked the vehicle.

The main site (the "window") is the one I showed you when you were
here. When viewed from where we parked the vehicle, the drilling rig
was situated on the left hand side of the "window", our target area
which is approximately 10 feet wide and 12 feet long.

   The first set of 3 runs, covering a width of about 3 meters was
along the right hand side of the "window". The middle set of 3 runs
was directly over the top of the "window" while the third set of 3 runs
was to the left hand side of the "window". On the right hand and left
hand sides we picked up signals from the sets of 3 containers I had
originally found (all together making up 25 containers or box's of
2/3 or 4 x 75kg gold bars).

   The attached print copies are from the middle run. You can
definitely see the upper tunnels running parallel in the prints. The
gold (light blue) is below that area. The computer generated depth
information on some of the shallower targets is 32 feet deep which we
can live with.

As you know, during our drilling program, we hit  targets at about 30 feet deep so we are basically in close agreement.

   As per my previous emails, I have ordered the security fence
materials and will bring in some 40 foot shipping containers for a
temporary site facility, also the site is now being routinely
monitored by the local police captain and his cohorts. So we have
arranged for some heavy political "interference" to further secure things. I expect to have a lease agreement in place by April 2, in the name of my trading
company so we can fence the area, put up our own self contained
facilities, complete with electrical installation so as not have any
outside interference and to be self reliant

   In the mean time, we are going to try to plug off the free flowing
water and hit the other two deposits with the drilling rig. This
should serve to confirm our best target and then we start to dig in earnest!

   I will be leaving for Hong Kong late Tuesday and returning before
Friday, again to put in place secure facilities for disposal of the bullion as and when, so will likely be out of contact for those days.

   Best regards,
   Dxxxxx

Until the next update!
  Suzanna and Joey

3/9/2006

Update on scan reports with photos.

Hi Joey,

I was delayed in Mxxxx yesterday and did not get back until fairly late. Then I wanted to give you some updated information.

The scanning/imaging work that we did came out very favourable... no, that is the wrong word... it was exciting.

On one of the exceptional passes, the operator could not believe it, thinking he must have pushed the wrong button, he went back to the starting point and ran it again, only to get exactly the same results.

The imaging system complements and enhances the findings that I have made with the other scanning equipment we have used.

Yesterday's meeting in Mxxxxx with the imaging crew was very interesting. While I would have preferred being able to spend countless hours examining the 3D data on their computer, that was just not possible as they had to fly back down to xxxxxxxxxx.

We did take a comprehensive look at the area they suggested they felt would be the fastest and easiest to recover. It was not the area that Pxxx (the other scan guy) had chosen but it was in a similarly situated area.

Incidentally the area that Pxxxx had chosen comes up positive with lines (tunnels) showing gold. It would take me sometime to scan in the printed sketches showing the results and take them into the photo program in order to mark them up digitally but I wanted to get a brief report to you.

Also, the prints show the area but I am not able to pinpoint the exact locations of our drilled targets and we will need to specifically image small areas in order to provide those details.

1. The first print is a section of the area from the 220 foot deep drill hole (free flowing water) toward the small shallow hole which was the first excavation site. This is the area I had planned to go down on the next excavation (the window).

The imaging crew could not explain the yellow and orange colors until I advised them that we had drilled through hard cement and hit brass there. The green color is reportedly contaminated soil (poison) the light blue is gold, while the dark blue is a void or area of no signal return. Red indicates ferrous metals (iron).

As I have reviewed the prints and their comments, unless the material is very thin, red (ferrous) seems to obliterate any other signal or indication behind it. However, as the equipment moves, it can pickup the other signal/indications from different angles. Green (contaminated soil), although not as strong as the red, can cover the other signals/indications, to a lesser extent.

Note the valleys (tunnel walls?) between the stacks. The scanner operator thinks that the green starts about 22 feet down with the yellow (we think that is likely the hard cement material) several feet below that and the orange (brass?) covering the gold below that.

When we drilled, we hit the hard cement at 24 feet, the brass at 30 feet deep and the gold below the brass as indicated in the print. I suspect that some of the red (ferrous) shown is as a result of our drilling program.

It would obviously be of immense benefit to have this type of imaging equipment at the site while we are working. We can identify the target, examine it in detail with the imaging equipment and continue to do so as we work our way down in the excavation.

We can also image the excavation/tunnel walls and ceiling as applicable to make sure we did not "miss" the target by a few inches or feet.

2. The second print was a section further to the south of the planned excavation. The following information is copied verbatim from their hand written description. Any words in italics are my explanation or description.

"This shows the possibility of at least 4 tunnels or voids with a covering of ferrous material (not a lot) and with the presence of a large amount of non ferrous (Au - gold) targets. The scan clearly shows a well structured and heavy deposit and could be the possibility of a major find.

The depth is difficult to ascertain but my readings show it to be at a shallow depth. With so many positive targets the Surveyor (equipment name) is confused. The difference in depth of the ferrous material to non ferrous may be 1.4 meters (i.e. If the ferrous material is in the form of drums then they are 1.4 meters high ñ or a 205 liter-55 US gallon drum). Also shows a trace of poison in the earth but not a threat I believe".

3. This print shows the area that I now expect will become our initial recovery target. The imager operator felt that this was likely the easiest target to get to and was quite excited by it. His written description states:

"Shows two Au (gold) deposits inside a ferrous parallel rails. Never seen this before but they are spaced either side of the water approx 1/3rd and 2/3rd into the run. Depth could be at either 22 ' (22 feet) or 44'. My guess is 22' ".

It was only when we started looking at it in detail did he notice the third target at the end of the run which in the print is left side about midway down the page. When rolling the object using the 3 dimensional program the blue (gold) just glows at you on the computer screen and they can actually be seen as tapering stacks of gold.

Very interesting developments!

The end of the run was at a pile of cut/dried vegetation and we did not extend the imaging run over the top of this stack so the gold deposit at the end had just started to show up. I suspect that there are similar deposits (mirror images) going the other way into the area that we have not explored yet (in the crops).

It is now late in the week but I would like to start the crew working on Monday morning if that is at all possible.

Best regards,
Dxxxxx

(PS. I also added a photo of them scanning on the photo page 1.)

3/7/2006

Hello Everyone,

Just got this update from the project manager and it is great news! They will know the easiest place to dig TODAY and need the funds asap to get started. The time is now!

Also, I have had questions about this so I want to clarify...the amount you put in on your signed disclaimer was really just for us to have an indication of commitment. Feel free to put in more or less than you put on the form.

We will be sending the first batch of funds over tomorrow, so please try to get your funds in before then, although the cut off date remains the 15th.

This is all very exciting!! And remember that the returns are a MINIMUM of 5 to 1, but will probably be more. That means if you loan the project $1000, you will be paid back $5000 at least.

Since they will know the easiest place to get started, the returns will probably not take too long to be made, but of course it is impossible to give a by when. You can see for yourself that we are in the best position ever in any case!

OK, Big green light ---- GO GO GO!!

Thank you,
Suzanna



Hi Joey,

  The scanning crew arrived at 8 AM this morning and we got to work right away. As you know, we are trying to verify the shallowest and easiest targets to recover at the sites in order to expedite the initial recovery. The results were very good (as they put it... a very exciting project) and while it is not the largest deposit site they have seen (the other was an entire mountain filled with gold with the project being run by the Japanese and funded by the Japanese government), it appears to be number two. They have gone back to XXXXX to process the data as it will take them 5 to 7 hours to complete the processing. GXXXXX was there while they started post processing at my house. GXXXXX listened in on the comments and saw the computer screen showing several of the very large deposits at our site and their comments at the site while conducting the scanning was that I had picked the right area to go down in.

 I will go in tomorrow to meet with them for the final results and to try to verify the shallowest, easiest site to start on. Incidentally, they also found some big boobytraps that go bang (really big bangs I might add), but we already knew about those. The one nice thing is that they were able to verify what I have been finding... now if they can only verify the depths???

  With regards to the funding, we need to be able to get any additional funds to start the recovery as it will take a bit of time to secure things and the crew was actually ready to start today. I am trying to avoid any delays.

  Incidentally, this is an El Nino year and the government agencies are anticipating an early rainy season and flooding in many areas, possibly starting in May or June so the sooner we can start, the better off we will be.

  I also had one of our security guys come in with them in order to do a site assessment for security puposes. This is the second evaluation I have had done from a professional standpoint. TXXXXX runs a commercial bodyguard service out of XXXXX and is originally from England. I believe that I had told that he worked with some branch of British military or Secret Service equivalent and also as a "mercenary" for many years before settling down in XXXXXXXX. TXXXXX is able to provide well trained, heavily armed, 10 man security teams in a few hours if necessary. He is not cheap but he is pretty good (exceptional by XXXXXX standards).

  Best regards,
  DXXXXX

3/2/2006

Joey's report: GREEN LIGHT

Hello everyone, here is the long awaited GREEN LIGHT and Joey's report from his visit.

Just to let you know, the scan has been funded so we have our financial foot in the door! This is great news for us as it will give us more time to collect funds to be sent on. "Joey" will be sending the funds over in batches as it comes in, but I want to put a deadline on this anyway so we can wrap up the accounting part of it at a certain point rather than letting it drag on by leaving it open ended.

Please do get your funds in ASAP just to facilitate the project, but the final day for funding will be March 15 in any case.

I will be updating the site today and tomorrow with more documents, DD and photos, so keep checking in. Plus you will have to go to the site for funding instructions as well.

I will send out reports on the scan results and the digging progress as they come in.

Thank you for joining us on this Treasure Hunt!
Suzanna and "Joey"

PS. Please note that I have edited out all reference as to the location of the dig. This is to protect the dig, the diggers and "Joey" as it can be a very dangerous thing in a place like this, to have it be known that gold has been recovered. And we are back to calling Joey "Joey" for this same reason.

================
JOEY:

The Gold Bullion Recovery Project gets the Big Bright Green Light!!!

Hi everyone, well I am back from my travels and what a trip! I will take it from the top, from when I arrived in xxxxx, and tell the whole story; this seems to be the best way.

The guy behind the project and CEO of The Gold Corporation, who I will refer to as CD, collected me from the airport on the Saturday evening. We drove more or less straight back to the village where he lives with his wife and young son; it was a long and arduous drive that lasted about 3-4hrs.

Arrangements had been made for me to stay in the local resort hotel, not quite as salubrious as it sounds – no hot water and blocked toilets/drains a plenty!

The next day we visited the recovery site in the morning and I met a friend and colleague of CD’s who drove down from xxxxx and met us at the site, I will call him KA. He brought another guy, PP who is an expert at locating the sites that contain buried bullion etc. I also met CD’s foreman, I will call him JJ, who actually lives right at the sight, which is excellent for security and of course getting to work on time!

The guy who came along with KA spent about 3hrs at the site, we all did in fact, which gave me plenty of time to talk with KA and JJ the site foreman. Along with CD PP checked the location of possible ‘targets’. New information was provided which coincided with the scans and measurements that CD had already made in terms of locating the exact places where the ‘targets’ are located. CD was delighted that PP – the friend of KA’s – came to similar conclusions as had been arrived at by several other methods that CD had employed to detect the exact location of the targets.

After the site visit we went back to CD’s house and chewed the fat for about an hour, this I found very interesting as it gave me a lot of background and it was good to see that these two guys took CD’s project very seriously and obviously CD commands a great deal of respect amongst, not only the locals, but also other ‘white’ men who are also involved in similar projects to us.

After the two guys had left for xxxxx, CD, his wife, son and I all went for a drive to a town about 45mins away. This was not just to show me the sights but so that I could get a feel for the terrain and also so that CD could point out various other recovery sites and also show me a couple of properties belonging to people who had actually recovered bullion.

These properties tended to be very large and opulent, naturally! One of these guys was fencing his property and whilst digging a post hole struck a large jar filled with diamonds, needless to say he does not work much nowadays! Another guy was ploughing his field with a bullock team and turned up a ‘mobilisation’ gold bar – when the Japanese had buried bullion etc they would then bury a small gold bar in a shallow hole very close to the surface, the object being that when they returned they could easily retrieve this bar and quickly sell it to produce funds to enable them to unearth the larger quantity of bullion, this was called mobilisation bullion – so as soon as he found the mobilisation bar he knew that there was bullion buried nearby and he went on to find it, his property is now quite substantial to say the least!

The following day, the Monday, we had a meeting with CD’s joint venture partner, who I will call SG. SG is a mining engineer from the US who has been involved with several bullion recovery operations, at least one of which has been very successful. He is a guy with vast experience, not only of bullion recovery operations, but of civil engineering and mining projects generally, where he has built himself an enviable reputation.

The meeting went well and we all found a lot to discuss. I formed the opinion that CD and SG make a very complimentary team, which was good to see – any project, no-matter what it revolves around, is only as good as it’s people and the more people I meet who are involved in this recovery operation, the more it is evident that CD has put together a very good team.

On Tuesday I met the retired chief of Police for the whole district, I will call him BR. He is an excellent level headed guy who obviously knows everyone in the district, all of whom, as far as I could see, have a lot of genuine respect for him; he is undoubtedly an excellent person to have on your ‘side’. BR has his own recovery site which we visited; he showed me around and told me the story surrounding it.

It seems that he was involved with an Investor who ran out of money about 18 months ago, but not before they employed a team of Japanese to carry out an extensive scan on the site using 3D modelling Ground Penetrating Radar to locate the targets. Based on the results of this scan he has already dug a hole about 30’ deep and now needs further finance to go the extra 20-30’. Apparently he will contract our team to finish the job off, as and when we have recovered bullion from our site. This is apparently quite an unusual way to go and once again it demonstrated the high regards and trust that people put in CD.

After we had visited BR’s site we then went into the local shanty town, an area where the locals live in shacks made out of bamboo and corrugated iron. Because we had come with BR we were allowed to visit a semi hidden recovery site that was being dug while we were there. The locals had used CD to locate a target with his scanning equipment and had started to dig this large hole which was about 20’ deep at that time. The whole operation was very risky as they do not have any money for any safety equipment at all – CD insists that all his team wear hard hats and take every safety precaution at all times. These guys were basically winging it and just hoping that they strike the bullion before anything awful happened, I hope they make it.

If and when these guys strike bullion that is when their problems will really start. Anyone who is involved in this business knows that finding the bullion and getting it to the surface is not really the hard part, or at least not the riskiest part. The riskiest part is when you have the bullion there at your feet and of course you now want to turn it into $$$’s.

A few of the things that usually happen at that point are: the people involved in the recovery start arguing amongst themselves; other people try and steal the gold; when you try and sell the gold you get cheated or ripped off big time; trying to sell the gold is a big problem, unless you know where to go and who to contact etc etc.

So really the problems are more to do with what happens when you have recovered the bullion than trying to find it and bring it to the surface. That is not to say that finding and recovering the gold is easy but it may be the easier part of the whole process.

And this brings me to the major reason why I have given this project t the green light. CD has spent a lot of time and money in carrying out research and making a huge number of contacts, right up to senior members of the government and the military, not to mention the police, which is the only way that any project of this nature can be assured of any success in my humble opinion.

For instance I met up with the head of Customs - a very interesting man. For instance; CD has arranged for a SWAT team to be on standby in xxxx, the leader of this team is the same person who was responsible for taking a very famous South American Dictator out of South America at the request of the US government. BR the local ex police chief used to be a personal bodyguard to Marcos, so he knows how to handle himself I reckon! And as I said previously BR knows all the locals and all the local gossip etc, very necessary when doing anything in xxxxx by the seems of things.

And when you have successfully retrieved the bullion you have to ship it to xxxx and have it assayed, refined and finally sell it. Again CD has some excellent contacts to carry out this part of the operation – a major Swiss organisation is the favourite, the local CEO is a good friend of CD’s. And it is these sort of contacts that will make this a very successful project, more so than finding 2 tonnes of gold and then not knowing what to do with it and who to contact re. selling it etc etc.

All of the really important ‘bits’ are in place and very impressed I am with the thorough detailed logical organisation of all of this, I really do take my hat off to CD, he and his team have done and are doing a great job under very difficult and at times, trying circumstances.

All of this sounds a bit like a Tom Cruise movie or Raiders of The Lost Ark but that is what it is like out there, very wild at times and occasionally lawless!

After visiting the shanty town recovery site we all went to a local café for lunch and to meet with the property owner (of CD’s site). Again a very pleasant guy, level headed, articulate and fully aware of what CD is doing. As he is an older guy and close to retirement, he is thinking about selling the property that CD is prospecting and he and CD discussed the various ways in which CD’s team might be able to purchase it. I paid for lunch, which was excellent, a total of $5 for all the food and sodas for 5 of us!

Next day, Wednesday, CD received a call from a guy in a nearby village who wanted to sell some bullion – it seems that CD is well known amongst the various recovery teams and they know that he can be successful in selling the bullion, whereas they might not. So we drove up to this village and met with these guys who claimed to have bullion that they had recovered from a site much farther north. We sat around and talked for about an hour and CD and this guy agreed that the bullion needs to be brought to xxxx and taken straight to the secure assaying facility, at which time it can be processed and the funds credited to a bank account of their choosing. All of this is perfectly above board and legal, in fact I know that CD would not be involved with anything that is not fully legal.

The outcome of the meeting was that the guys with the bullion were going to return to the recovery site and discuss it with their mates and call CD later. Apparently this is quite normal and CD gets called up every now and then to go and advise on selling bullion. The rest of the day was spent at the site; CD took the time to explain everything that they had done to me in great detail as well as checking out the equipment etc.

Thursday started off by meeting up with SG, the mining engineer. We took a drive to another town and went to a friend’s restaurant for brunch. This gave us plenty of time to talk and discuss the plan they have in place for their site. We then spent a little time obtaining supplies and a little shopping in the nearby town and basically called it a day.

Friday at the airport before the other guys dropped me off we visited another friend of CD’s who is a 747 training captain, I will call him KK. KK has good contacts with some guys who have developed a new kind of ground penetration radar which we will use to make a final check of the site; we stopped to make these arrangements.

Finally I was dropped off at the airport, after a trip that took almost 8hrs, a trip which usually takes 3-4hrs!!!

Conclusion.

I am giving this gold bullion recovery project the green light for the following reasons:

1. I believe the site is ‘live’, that is, that there is actually bullion buried there.

2. I am very impressed with CD and his honesty and integrity – I would much rather embark upon any sort of venture with an honest man than with one who is not!

3. The team that CD has gathered around him are just the best that you can get in the location that he is in, this is important.

4. The many contacts that CD has are also very necessary and impressive.

5. The painstakingly thorough way in which the whole project has been researched and put into operation.

6. The fact that CD is a helicopter and fixed wing pilot, this adds another dimension to the equation in terms of removing the gold from the site.

7. That the whole local team are very spiritual, as is CD, and once again being spiritual will not enable you to find and retrieve the bullion, but at the end of the day it will and does promote honesty and reliability amongst the guys.

It is true that none of the above will guarantee that we will recover the gold bullion BUT in my humble opinion we stand a much better chance of not only recovering the bullion with CD and this team than with any other, but also that we will be able to process it when we have in on the surface…AND…I am quite certain that no-one will scam us and run off with our $$$’s which is more than you can say about 99% of the Internet HY programs!!

So I’ve done my bit now it’s your turn, fund your E-Bullion and e-gold accounts and follow the instructions on the web site and then CD and his team can do their bit, which after all is the ‘bit’ that we are all interested in!

2/28/2006

I just had a 90+ minute phone conversation with "Joey" who has returned from the dig and is very excited about getting this project to the next level.

He is going to be drafting an update for you all first and I will have some new photos to add to the site as well as new information.

In preparation for this update, please do take this time to get your accounts funded and ready to go. This is it....
:-)

Thank you,
Suzanna

2/27/2006

Joey has returned from the dig and is writing up a detailed report that will be published within the next few days. Please go now and fund your accounts so you are ready for the official green light.

2/20/2006

Hello everyone,

I just got an email from "Joey",a man with a heart of gold that I have known for years on line. Peter and Berry, the other listowners working with him on this also know him well.

He has arrived at the dig and has been inspecting it as well as conversing with the head of the project. Below is what he has reported so far, names and locations removed for privacy/protection.

No GREEN LIGHT yet, as you will see. I will keep you updated as he sends me his updates.

Thank you!
Suzanna

"Joey" writes:

Hi Suz...well i am here xxxxxx and i have met with Dxxx Xxxxxxx, firstly he is a really nice, honest guy with heaps of integrity, but then i almost expected this...I have been out to the site and he has explained everything that he has done so far and I have met some of the guys that have been working for him, again all of this checks out...BUT...I am not prepared to give this the green light YET!!!...

Although I believe everything Dxxxx tells me, and he has nothing to hide and only heaps to lose if he is full of bulldust and lies, I am still in need of proof of the simple fact that there is Gold down there under the ground, I have told him this and we are now working on some sort of way of verifying the existense of gold bullion here at all - I know it has been well documented and I also know that others have dug up the treasure BUT I am not prepared to go ahead until I am absolutely sure that there is gold under the ground in the site that Dxxxx has been excavating - I have seen one hole 90' deep, dug by hand and another 50' deep and a third about 25' deep...I have seen the drill rig and the drill holes and heaps more BUT BUT BUT I want to see the gold and when i see that or some irrifutable proof, then and only then will I give the go-ahead...


It is only Monday and already I have met a whole variety of people who are connected with the gold bullion industry in some way or other and I am doing one hell of a lot of listening to these people and a lot of talking with Dxxxx

OK in an internet cafe and gotta go, will be back in touch in the next couple of days...hope all is well with you and crew ..talk soon...blissings et al...XXX

1/24/2006: "Joey" is en route to the project location, with one stop over, and will arrive in about a week.

Using the menu buttons on the left, you can look at the current updates on the project, the original prospectus from the project, photos and other DD, spend info and eventually payout info.

Please do keep this information and site private and do not share the url with anyone unless authorized to do so. This is a must in order to protect the actual project location from "pirates".

1/06/2006

Gold Recovery Project Update

Greetings from the other side

Since the last update went out, we have made several exciting discoveries on the recovery project. In early November, our exploratory drilling activities commenced and we have been able to complete 27 holes varying from about 45 feet deep to 220 feet total depth by the end of December.

The drilling activities conducted to date have provided invaluable additional information pertaining to the sub-surface structure of the recovery site and have also allowed us to correlate our scanning/locating results to the information derived during this phase of the drilling program. By utilizing the information provided, I was able to refine the locating techniques with a lot of long hours spent checking/re-checking, locating, staking and mapping the area and comparing the results.

The outcome was that by late November, we were able to identify and locate the original Japanese excavation approximately 40 feet wide and 80 feet long with the longer axis oriented on a north south line. The bedrock, which normally starts at between 18 and 22 feet deep and is 15 to 18 feet thick throughout the area, has been completely removed from this sector. We have encountered a 3 foot thick layer of decomposing wood from approximately 64 to 67 feet deep in several holes in the area. Other thinner layers of decomposing wood were also located between 90 and 100 feet deep about two thirds of the way to the north in the original excavation. Subsurface anomalies indicate an 8 foot wide by 14 foot long “landing” which the drill indicates a floor of about 72 feet deep roughly two thirds of the way to the north in the original excavation. The anomaly continues for a total distance of 43 meters or about 143 feet to the north which I suspect is a set of stairs or slide going down into the extensive tunnel system I have been mapping.

The tree's that we found at the 64 foot depth in the initial excavations were subsequently identified as pointers to the site. It is both exciting and encouraging for me to be able to verify what we have been finding in our previous work with these major discoveries.

The first hole was drilled in the excavation and resulted in contact with an impenetrable (likely man-made) target at 134 feet total depth exactly where we picked up the signal radiating from the target. The second hole was drilled about 60 feet north of our excavation and revealed not only the absence of the bedrock/boulder layer which runs at a typical depth of 20 feet through 35 feet deep in the area but we also encountered decomposing wood (as forecast) at the 64 foot depth through to about 80 feet which is likely a tree trunk as found in the excavation. The third hole, 12 feet further to the north, verified the decomposing wood from 64 to 67 feet deep which was a method used by the Japanese to close their deposits. It took a great deal of painstaking work to find and determine what the radiation signals were actually indicating. Eventually we were able to determine that this was a center (or sun) and that radiating out from this “centre” are a series of radials every 30 degree’s. The target we drilled on the first drill hole is located along one of the radials and the excavation is situated along a different radial.

In early December, we hit gold with the drill at 29 to 30 feet deep but it was not in the form (bars) that we are looking for. It was fine gold particles mixed in a gravel layer which is one of several techniques the Japanese used to mask the gold signal radiating from the deposits. To this day, their use of clay, gravel with gold particles, asphalt and lead is effective enough to block the signals for even relatively sophisticated electronic scanning/locating systems.

On December 15, 2005, we hit the edge of a target at a depth of only 30 feet. This target was more or less located on the westerly corner of the original Japanese excavation. I was hoping it was gold but the application of nitric acid to the material caused it to boil up as a green foam which indicates either a brass or copper material. This was an unusual hole as we went through four drill bits getting from 24 feet down to 30 feet (extremely hard material). To provide a comparison, even in the granite bed rock (boulders) material, the drill would only take one carbide tipped bit to get through approximately 15 feet of bedrock material. By comparing the signal radiating from the target, we were able to locate 2 additional “sister deposits” a few feet apart as well as other “sister deposits” at varying distances along the radials. When the drill was repositioned over these targets, we were able to “score two bullseyes” and had gold flakes come up in the discharge material… EUREKA, as the gold miners of a century or more ago would say. As a result of locating other similar signals we were able to determine the center point of the radials and to score other bullseye’s on deposits located on other radials at varying distances from the center point.

These center points should be the “golden rising sun”. Japan was referred to as “the house of the rising sun” and the round red circle on the Japanese flag represents the sun. There are a number of gold deposits buried on several spokes, rays or radials extending from the “sun”. These radials are on true bearings of 030, 060, 090, 120, 150, 180, 210, 240, 270, 300, 330 and 360/00 degree’s. The signal emanating from the center point indicates a brass box containing gold at about 31 feet deep with another 12 containers of gold bars some distance below (estimated about 70 feet from the surface). It appears that there is probably at least one more center point at the lower level and the locating evidence indicates it may be marginally offset to the northeast. We tried to drill through the center of the lower boxes but were not able to get any physical evidence (gold flakes) of having contacted the deposit. That is not surprising as gold is fairly soft and heavy and the water flow flushing the materials out of the hole may not have been strong enough to carry it to the surface from the greater depths.

Due to the numerous signals radiating from different levels, it is difficult to figure out what it is we are finding. There appear to be overlapping tunnels on at least three levels with the tunnels at one of the levels being offset. As such, I finally tried to concentrate on only the shallowest level as that will be our initial target.

As of today, we have been able to determine that there is about a 10 foot by 12 foot (3 meter by 3.66 meter) “window” in the center that is relatively soft all the way down to the 72 foot mark. There is one deposit close to the center of the window with 3 sister deposits, all between 30 to 31 feet (10 meters) deep to the best of our knowledge, located along a radial from the center point. These 3 deposits and the 3 deposits on the opposite side of the window are closest to the “window” with the edge of the box starting only about 1 foot away from the edge of the window or approximately 6 feet from the center with the far edge of the last of these “3 sisters” about 10 feet from the edge or about 15 feet from the center. 90 degree’s offset (perpendicular) to these radials are two more sets of 3 deposits, each being about 4 feet from the edge of the window or about 10 feet from the center with the far edge being approximately 20 feet from the center. Each set of these sister deposits has 3 boxes spread over about 10 feet. Also each set of sisters has one additional box about 18 feet away on the same radial or heading. On the southeasterly side, there appears to be a fork at the last container of the 3 sister deposit with two additional sets (3 +1) of deposits with similar spacing to the others. These deposits are situated at approximately 45 degree’s right and left of the third sister. Altogether this totals 25 individual deposits.

In addition to the deposits noted above, there are a number of deposits of what appear to be 4 - 75 kilo gold bars shielded with lead in a somewhat square pattern. These deposits also appear to be spaced at greater distances once they get to be more than about 14 feet from the center point and we have not been able to accurately determine a depth for these with the drill but we now suspect they will likely be at 50 to 75 feet deep. On these deposits, we have found indications of booby traps (bombs) spaced midway between the deposits.

We have also found that other targets (commodity deposits) appear to be located on at least three different levels but hitting these deposits, which appear to be about 16 inches by 16 inches in size, with the drill, is like finding the proverbial “needle in the haystack”. While we make every effort to ensure that the rods are started vertically, if the drill rods are only a quarter of an inch out on the surface, it will put the bit outside of the 6 to 8 inch window necessary to hit the target at 50 to 80 feet below the surface. We have also located what appears to be extremely large targets, where many of these containers appear to be solidly stacked within the tunnel system. However, we have 220 feet of drill rod and were not able to hit these targets so it appears that the large deposits are likely situated deeper than 220 feet below the surface.

I had hoped that we could have drilled through some of the bars and obtained a core of gold which could have been marketed with the proceeds used for project expenses but this did not occur.

While drilling the first hole in early November, I was introduced to “Freddie”, who has reportedly had some noteable success’s in finding treasure deposits. Freddie is the "tracker" that pointed us in the right direction for the drilling program when we started to hit the wood and materials that he told us would be there. He certainly knows his stuff and can read the Kanji markings, as well as other signs and symbols left by the Japanese. A very reliable source indicated that “Freddie” is reportedly the grandson of the infamous "General Yamashita" and he was trained in these recoveries by some Japanese loyal to Yamashita. Freddie came back to the project site a few days ago and stayed until this morning. We checked a few of the surrounding sites but he advised that the markers only indicated camps and not deposits.

We plan to excavate down via the window to the ceiling (24 feet deep approximately) at 12 feet by 12 feet, then reduce the excavation size to go through the hard ceiling and tunnel in to the deposits under the ceiling at about 30 feet deep. While we have not started this excavation yet and did not tell him our plans, Freddie also suggested we excavate at the edge of the hard material (the ceiling) and tunnel under it to get to the deposits as per the approach that I had planned. It is a good thing to have your ideas or plans confirmed by other knowledgeable people.

Additional capital is needed urgently needed for the project. The gold is now proven and the ROL’s are excellent so I trust the fact that we have hit 4 gold deposits with the drill at only 30 feet deep will provide the additional incentive necessary to obtain the capital quickly. The actual recovery method and recovery time frame will depend on the capital received. If adequate capital is made available, it should only take about two weeks to get down to the first set of deposits.

Best regards

Latest Update (I don't have the exact date, but it was received not too long ago)

There are a few items I could not put in the update because I have not been able to verify the details as of yet. We hit 4 deposits at 30 feet deep with the drill and I get a total of 25 similar signals so I was able to verify that and included that information. I suspect that we have lead shielded gold bars at about 55 feet deep but have not been able to hit those yet with the drill. They may also be placed just on top of the wood at about 64 feet so I did not include that information. We know that we have wood from 64 to 67 feet and should have other deposits just below that to approximately 70 feet deep. However, I also get a silver signal and a platinum signal which seems to be coming from the 90 to 100 foot depth. From what I understand, almost always, if there is silver and platinum, there will also be diamonds. However I am not able to state that conclusively (no evidence except the weak Ag/Pt signals I am picking up) at this time so I did not include it in the last update.

My crew is having a few days off after 14 solid months of activity and we spent some time this morning looking for some of the other tunnel systems and deposits in the area. Actually we are really looking for "mobilization deposits". These are small deposits buried fairly shallow. The purpose of these deposits were that when the Japanese returned, they would use their map, find the landmarks and recover a mobilization deposit which could be quickly sold with the money used to finance the recovery. It was a good morning as we may have found a mobilization deposit and we definitely found another tunnel and I am very sure we have also found a tunnel entrance. I state "very sure" as the entrance is protected by boobytraps (bombs... big bombs) about 10 feet away from the entry point. However, we need more capital for the hydraulic excavator to work that site.

From that entry point, there are more gold deposits every 5 or so paces for the 100 meters or so that I checked it. The deposits are about 2 meters off the tunnel in a side tunnel and, as per the other tunnels in the area, each deposit is protected by another bomb about halfway between the tunnel and the deposit. These are likely "century" bombs or hundred pounders.

Japan and Germany were allies during the war and apparently Germany supplied Japan with a lot of aerial bombs. They take an aerial bomb, put a hand grenade coated with cosmolene grease on the primer (fuse) and... voila... the booby trap. Most of them are now not functional due to the length of time they have been buried but... we do not want to take chances. A friend of mine (also an investor) who was a electronic warfare tech with the Canadian Armed Forces had also taken a bomb disposal course. He advised that the German bombs were temperamental as the fuses break down relatively quickly which could make them sensitive. We do have bomb disposal people for this purpose so, we will let them make their money...

Anyway, there is some more good news for you.

Best regards,