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Exploration Expense

9 Months Ended

Sep. 30, 2011

Notes to Financial Statements

Exploration Expense

2.       Exploration Expense

          The following items comprised exploration expense:

(in thousands)	Three months ended September 30,		Nine months ended September 30,
	2011	2010	2011	2010
Geologic and field expenses	$ 623	$ 504	$1,231	$ 1,984
Administrative	76	80	210	328
Mt. Hamilton exploration	1,025	-	2,045	-
Total exploration costs	$ 1,724	$584	$ 3,486	$ 2,312

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