Twenty diamond drill holes amountiing to a total footage of 3,780 feet have now been completed at the Victoria Hut Prospect. These have shown that the lodes extend to a depth of at least 270 feet down dip, but with a gradual decline in the width and grade of the ore in the lower levels. Two sets of figures for ore reserves have been estimated from the results of diamond drilling completed to date. (a) Superior grade ore contained in the upper most and most readily minable portions of the deposit up to 200 feet down dip. These are defined by lode widths greater than 2 feet and grades greater than 2 pounds U308 per long ton. They amount to 22,250 long tons with an overall assay of 5.8 pounds U308. (b) The total reserves include the above and additional section of the deposit which have an overall value of greater than one pound U308 per long ton for at least four feet width. Ore of such specificiations has been proven to a maximum depth of 270 feet down dip and amounts to 42,000 tons assaying 4.00 pounds U308 per long ton.