Golden Arrow's large property portfolio is the result of 14 years of development; it contains 40 precious and base metal projects that cover 200,000 hectares of prospective ground in both Argentina and Peru. Ten of the Company's properties are in the drill ready category, of which 4 will be drilled in sequence over the next 12 months. Drilling on our San Jose property is progressing nicely, we are halfway through the program and are aiming to have results out by mid-June. The step out drill program for Poncha is currently being planned, and will be announced before the end of the summer.