Hole IM10-013 was collared 110m northwest of the discovery hole and intersected 114.9m of 1.251 g/t gold, 4.0 g/t silver and 0.23% copper (1.74 g/t gold equivalent).

This hole marks the first intersection of classic porphyry-style gold and copper mineralization at Island Mountain.

IM10-013 was drilled 110m northwest of the discovery hole (IM09-001) at an azimuth of 090 and a dip of -45 degrees.

This hole intersected 252m of 0.707 g/t gold, 2.6 g/t silver and 0.15% copper (1.02 g/t gold equivalent) beginning at a depth of 42m and includes the higher grade 114.9m interval of 1.251 g/t gold, 4.0 g/t silver and 0.23% copper (1.74 g/t gold equivalent) from a depth of 50.1m.

The bulk of this interval is diorite with disseminated chalcopyrite + pyrrhotite in association with K-feldspar and biotite alteration, which represents the first appearance of more typical potassic porphyry-style alteration and mineralization at Island Mountain.

The geological interval of 181 to 265m is comprised of copper-gold mineralized hydrothermal breccia correlative with the Breccia Zone encountered in the discovery hole and holes IM10-004, 010, 011, 008 and 009.

Beyond the eastern edge of the breccia at 265m, disseminated gold-pyrrhotite mineralization is of the Lower Zone-style like that intersected in the eastern extremes of previously reported drill holes.

Adjacent drill holes north and south suggest additional Lower Zone-style mineralization may lie further to the east of the termination of hole IM10-013.

Results from Hole IM10-013 indicate that gold-copper mineralization is open at depth and to the northwest of the Discovery Breccia, where recent surface work has mapped intrusive and hydrothermal breccias for a strike length in excess of 800m as well as expansive areas of altered and mineralized diorite intrusive rocks.