TABLE 1
			RED LAKE MINE EXPLORATION UPDATE - DECEMBER 18, 2002
				DRILLHOLES WITH SIGNIFICANT RESULTS
						Gold Assay			Gold Assay		Zone	Type
Hole No.	Azimuth	Dip	Assay Interval		Length	True Width	Ounces per Ton	Length	True Width Grams per Tonne		(see legend)
			(in feet)		(in feet)	(in feet)	(uncut)	(in metres)	(in metres)	(uncut)
						DEEP HGZ EXTENSION
37L034	228°	-34°	1933.7	1936.0	2.3	0.4	0.22	0.70	0.12	7.5	X	EXP
			2118.0	2124.0	6.0	3.6	1.21	1.83	1.11	41.5	HW	EXP
			3253.0	3257.0	4.0	0.6	0.91	1.22	0.19	31.1	HW5	EXP
			3667.4	3675.0	7.6	3.3	1.72	2.32	1.00	58.9	NEW	EXP
37L034AW	228°	-34°	2062.0	2072.0	10.0	7.2	0.36	3.05	2.19	12.3	HW	EXP
			2878.5	2900.0	21.5	3.9	0.98	6.55	1.18	33.6	HWA	EXP
			2923.5	2937.0	13.5	2.5	3.18	4.11	0.76	109.0	HWX	EXP
			3038.0	3052.0	14.0	2.8	7.34	4.27	0.84	251.7	HW5	EXP
34L1171A	102°	-85°	1507.0	1517.6	10.6	7.8	14.25	3.23	2.39	488.6	HW5	EXP
34L1122A	169°	-48°					off target					EXP
		HIGH GRADE ZONE DELINEATION BELOW 37 LEVEL - HANGINGWALL ZONES
37L285	46°	-64°	527.3	529.7	2.4	2.3	0.25	0.73	0.70	8.4	HWA	DEL
37L286	48°	-73°	234.3	237.0	2.7	2.4	0.21	0.82	0.74	7.2	X	DEL
37L290	44°	-43°	486.8	493.0	6.2	6.2	16.96	1.89	1.88	581.5	HW5	DEL
37L302	44°	-61°	539.0	556.6	17.6	17.0	5.15	5.36	5.18	176.6	HW5	EXP
37L303	44°	-65°	562.7	564.1	1.4	1.3	1.32	0.43	0.40	45.3	HW5	DEL
37L304	44°	-72°	654.0	656.6	2.6	2.4	4.29	0.79	0.72	147.1	HWA	EXP
37L308	43°	-63°	656.7	659.2	2.5	2.4	17.21	0.76	0.73	590.1	HWA	EXP
37L309	43°	-72°	626.9	629.1	2.2	2.0	2.08	0.67	0.60	71.2	HW5	EXP
			689.9	692.6	2.7	2.4	23.81	0.82	0.74	816.5	HWA	EXP
37L310	43°	-75°	686.6	720.5	33.9	29.5	4.15	10.33	8.98	142.3	HWA	EXP
37L311	44°	-81°	736.5	752.7	16.2	13.4	78.43	4.94	4.09	2689.0	HWA	EXP
			948.0	950.2	2.2	1.8	0.29	0.67	0.56	10.0	X	EXP
37L350	45°	-49°	648.3	659.5	11.2	11.2	23.54	3.41	3.41	807.0	HW5	EXP
			677.5	687.0	9.5	9.5	2.07	2.90	2.89	71.1	HWA	EXP
37L351	45°	-56°	665.5	674.9	9.4	9.3	13.83	2.87	2.83	474.2	HW5	EXP
37L352			705.3	707.2	1.9	1.8	0.27	0.58	0.56	9.3	HWA	EXP
37L353	45°	-66°	672.4	673.8	1.4	1.3	0.17	0.43	0.40	5.8	HW5	EXP
37L354	41°	-71°	770.5	777.8	7.3	6.8	7.45	2.23	2.07	255.4	HW5	EXP
37L355	53°	-77°	756.5	758.5	2.0	1.8	3.48	0.61	0.54	119.4	HW5	EXP
			787.4	793.5	6.1	5.5	0.84	1.86	1.66	28.9	HWA	EXP
37L357			415.0	418.0	3.0	3.0	0.72	0.91	0.91	24.7	X	EXP
37L359	45°	-52°	752.2	766.5	14.3	14.2	4.84	4.36	4.34	165.9	HWA	EXP
37L360	45°	-57°	780.1	806.0	25.9	25.7	6.84	7.89	7.83	234.5	HW5	EXP
37L361	45°	-61°	779.0	791.0	12.0	11.8	14.17	3.66	3.58	485.8	HW5	EXP
			833.1	838.9	5.8	5.7	15.20	1.77	1.73	521.0	HWA	EXP
37L362	46°	-70°	835.0	847.3	12.3	11.4	0.75	3.75	3.47	25.7	HW5	EXP
37L367	45°	-57°	847.5	876.9	29.4	28.8	2.59	8.96	8.77	88.8	HW5	EXP
			HIGH GRADE DELINEATION BELOW 37 LEVEL - FOOTWALL ZONES
34L1123	44°	-66°	726.0	728.0	2.0	1.7	0.25	0.61	0.53	8.6	FW3B	DEL
34L1124	42°	-79°	842.5	845.0	2.5	1.8	1.27	0.76	0.56	43.5	FW3B	DEL
			950.0	955.0	5.0	3.7	0.25	1.52	1.13	8.5	X	DEL
			992.5	1002.5	10.0	7.5	0.54	3.05	2.27	18.4	X	DEL
			1045.0	1047.5	2.5	1.9	0.28	0.76	0.57	9.8	X	DEL
			1067.5	1070.0	2.5	1.9	0.41	0.76	0.57	14.2	X	DEL
34L1145	45°	-44°	905.0	907.5	2.5	2.4	0.27	0.76	0.74	9.2	FW4C	DEL
34L1146	45°	-56°	757.5	762.0	4.5	4.0	0.40	1.37	1.23	13.7	FW3B	DEL

									Gold Assay				Gold Assay			Zone	Type
Hole No.		Azimuth	Dip		Assay Interval			Length	True Width Ounces per Ton			Length	True Width Grams per Tonne			(see legend)
					(in feet)			(in feet)	(in feet)	(uncut)		(in metres)	(in metres)	(uncut)
34L1147					515.0		517.5	2.5	2.2	1.00		0.76	0.66	34.4		FWA	DEL
					785.0		790.0	5.0	4.3	0.30		1.52	1.32	10.2		FW3B	DEL
					878.0		880.0	2.0	1.7	0.22		0.61	0.53	7.4		FW4A	DEL
34L1148		46°	-48°		697.5		702.5	5.0	4.8	0.21		1.52	1.47	7.2		FW3A	DEL
					730.0		736.0	6.0	5.8	10.57		1.83	1.76	362.5		FW3B	DEL
					883.5		888.5	5.0	4.8	0.45		1.52	1.47	15.3		FW4C	DEL
34L1149		46°	-57°		696.0		704.0	8.0	7.4	0.25		2.44	2.27	8.6		FW3A	DEL
					725.0		732.5	7.5	7.0	0.34		2.29	2.13	11.8		FW3B	DEL
					860.0		862.5	2.5	2.3	0.22		0.76	0.71	7.4		FW4A	DEL
37L324		227°	62°		63.4		65.4	2.0	1.7	0.24		0.61	0.52	8.2		FW4B	DEL
					379.0		384.0	5.0	4.3	0.75		1.52	1.31	25.6		FWB	DEL
37L326		225°	19°		297.9		301.9	4.0	3.9	0.19		1.22	1.20	6.3		FW2	DEL
37L329		224°	22°		108.0		110.0	2.0	2.0	4.65		0.61	0.60	159.3		FW4A	DEL
37L330		227°	55°		31.0		37.0	6.0	5.5	2.17		1.83	1.67	74.3		FW4C	DEL
					263.5		269.5	6.0	5.5	0.91		1.83	1.68	31.4		FW2	DEL
37L331		225°	60°		48.9		50.9	2.0	1.7	1.20		0.61	0.53	41.3		FW4C	DEL
					207.0		211.2	4.2	3.7	0.26		1.28	1.13	9.0		FW3	DEL
					362.6		364.6	2.0	1.8	0.30		0.61	0.54	10.4		X	DEL
					383.0		392.5	9.5	8.4	0.26		2.90	2.56	8.8		FWX	DEL
37L332		226°	-9°		148.8		150.8	2.0	1.6	0.28		0.61	0.49	9.7		FW4A	DEL
					339.0		340.1	1.1	0.9	2.64		0.34	0.28	90.6		FW3B	DEL
37L333		219°	-8°		140.0		155.0	15.0	12.0	0.19		4.57	3.66	6.4		FW4A	DEL
					174.6		182.6	8.0	6.4	0.29		2.44	1.96	9.8		FW4	DEL
					243.3		248.0	4.7	3.8	0.22		1.43	1.16	7.5		FW3	DEL
37L334		215°	42°		47.1		51.1	4.0	3.9	0.72		1.22	1.18	24.8		FW4C	DEL
					115.2		122.8	7.6	7.4	0.18		2.32	2.24	6.3		X	DEL
					130.9		134.9	4.0	3.9	0.94		1.22	1.18	32.3		FW4A	DEL
					140.5		144.5	4.0	3.9	5.09		1.22	1.18	174.6		FW4	DEL
					152.6		155.6	3.0	2.9	0.33		0.91	0.89	11.2		X	DEL
37L335		208°	-6°		383.0		389.2	6.2	5.0	0.62		1.89	1.52	21.3		FW2	DEL
37L381		99°	-7°		190.0		198.0	8.0	4.6	0.87		2.44	1.41	29.8		FW3B	DEL
									FAR EAST ZONE
16L1177		43°	-11°		549.3		552.0	2.7	2.7	0.22		0.82	0.82	7.5		ESC	EXP
16L1183		47°	-36°		317.0		319.0	2.0	1.9	3.58		0.61	0.59	122.7		ESC	EXP
					337.0		345.0	8.0	7.7	0.30		2.44	2.36	10.3		ESC	EXP
16L1184		46°	-66°		677.0		689.1	12.1	9.3	0.62		3.69	2.84	21.3		ESC	EXP
					718.0		739.0	21.0	16.2	0.68		6.40	4.95	23.3		ESC	EXP
16L1185B		44°	-26°		630.0		664.0	34.0	33.8	0.55		10.36	10.30	18.9		ESC	EXP
16L1186		48°	-76°		745.0		751.0	6.0	4.1	0.29		1.83	1.26	9.9		ESC	EXP
16L1189		47°	-64°		576.0		585.0	9.0	7.5	0.19		2.74	2.28	6.6		ESC	EXP
					633.0		636.0	3.0	2.5	0.24		0.91	0.76	8.1		ESC	EXP
16L1191		46°	28°		713.0		725.0	12.0	9.4	0.37		3.66	2.88	12.7		ESC	EXP
					776.0		788.0	12.0	9.6	0.26		3.66	2.92	8.9		ESC	EXP
16L1192		46°	-23°		516.0		522.0	6.0	6.0	0.14		1.83	1.82	4.8		ESC	EXP
16L1193		43°	-36°		561.8		564.1	2.3	2.2	0.25		0.70	0.68	8.5		ESC	EXP
16L1194		46°	-55°		655.0		664.0	9.0	7.7	0.25		2.74	2.35	8.5		ESC	EXP
					718.0		721.0	3.0	2.6	0.20		0.91	0.79	6.8		ESC	EXP
16L1196		44°	34°		582.5		592.5	10.0	6.7	0.33		3.05	2.03	11.4		ESC	EXP
16L1198		71°	14°		550.0		556.0	6.0	4.9	0.29		1.83	1.50	10.0		ESC	EXP
16L1201		43°	-10°		460.0		472.0	12.0	12.0	0.20		3.66	3.65	6.9		ESC	EXP
16L1202		45°	-9°		392.0		394.0	2.0	2.0	0.37		0.61	0.60	12.7		ESC	EXP
					402.0		406.0	4.0	4.0	0.43		1.22	1.21	14.7		ESC	EXP
					415.0		418.0	3.0	3.0	0.26		0.91	0.91	8.9		ESC	EXP
					634.0		649.0	15.0	14.9	0.30		4.57	4.54	10.3		ESC	EXP
16L1206		44°	17°		478.0		480.0	2.0	1.8	0.22		0.61	0.54	7.5		ESC	EXP
					699.0		705.0	6.0	5.4	0.18		1.83	1.63	6.3		ESC	EXP
					720.0		723.0	3.0	2.7	0.22		0.91	0.82	7.4		ESC	EXP
					762.0		767.0	5.0	4.5	1.78		1.52	1.37	61.2		ESC	EXP
									Gold Assay				Gold Assay		Zone			Type
Hole No.	Azimuth		Dip	Assay Interval				Length	True Width Ounces per Ton		Length		True Width Grams per Tonne		(see legend)
				(in feet)				(in feet)	(in feet)	(uncut)	(in metres)		(in metres)	(uncut)
16L1207	44°		-19°	326.0		330.0		4.0	4.0	16.84	1.22		1.22	577.4	ESC			EXP
				624.0		633.0		9.0	9.0	0.15	2.74		2.74	5.0	ESC			EXP
16L1208	46°		-44°	665.0		674.0		9.0	8.3	1.27	2.74		2.54	43.5	ESC			EXP
				731.0		741.0		10.0	9.3	0.15	3.05		2.82	5.2	ESC			EXP
				747.0		756.0		9.0	8.3	0.15	2.74		2.54	5.1	ESC			EXP
16L1211	44°		-25°	471.0		474.0		3.0	3.0	0.22	0.91		0.91	7.5	ESC			EXP
16L1212	44°		-61°	602.0		605.0		3.0	2.4	2.50	0.91		0.72	85.7	ESC			EXP
16L1213	45°		13°	538.5		542.1		3.6	3.4	0.56	1.10		1.02	19.2	ESC			EXP
16L1214	44°		-23°	469.1		479.2		10.1	10.1	0.46	3.08		3.07	15.7	ESC			EXP
16L1215	44°		39°	858.9		865.0		6.1	4.1	0.18	1.86		1.25	6.0	ESC			EXP
34L1047	44°		-61°	1534.0		1535.0		1.0	0.7	0.95	0.30		0.22	32.6	ESC4			EXP
34L1091	46°		-66°	1270.5		1280.4		9.9	7.7	0.45	3.02		2.36	15.4	ESC 4			EXP
34L1120	44°		-34°	1436.6		1452.0		15.4	14.4	0.25	4.69		4.39	8.6	ESC4			EXP
								SULPHIDE DEPTH EXTENSION
31L509	28°		-30°	325.0		328.0		3.0	2.9	0.17	0.91		0.90	5.8	X			EXP
				440.4		450.3		9.9	9.7	0.22	3.02		2.96	7.6	X			EXP
				554.0		558.0		4.0	3.9	0.23	1.22		1.20	7.9	X			EXP
				771.7		782.0		10.3	10.2	0.25	3.14		3.10	8.5	ESC3C			EXP
31L510	34°		-24°	571.0		579.4		8.4	7.7	0.27	2.56		2.33	9.3	X			EXP
31L514	30°		-38°	844.3		846.6		2.3	2.3	0.49	0.70		0.70	16.7	ESC3D			EXP
				1011.0		1017.5		6.5	6.5	0.14	1.98		1.98	5.0	ESC			EXP
				1085.7		1090.5		4.8	4.8	0.28	1.46		1.46	9.6	ESC			EXP
31L515	19°		-40°	700.1		703.0		2.9	2.9	0.22	0.88		0.88	7.5	X			EXP
				847.0		854.0		7.0	7.0	0.72	2.13		2.13	24.7	PLM			EXP
				888.0		892.0		4.0	4.0	0.22	1.22		1.22	7.5	X			EXP
				1001.5		1007.0		5.5	5.5	0.20	1.68		1.67	7.0	ESC			EXP
				1057.0		1069.0		12.0	12.0	0.24	3.66		3.65	8.1	ESC			EXP
				1090.8		1096.2		5.4	5.4	0.24	1.65		1.64	8.2	ESC			EXP
31L516	34°		-47°	545.2		547.5		2.3	2.2	0.51	0.70		0.68	17.4	PLM			EXP
				886.0		891.0		5.0	4.9	0.28	1.52		1.50	9.8	ESC			EXP
31L517	34°		-42°	795.0		812.0		17.0	16.7	0.20	5.18		5.09	6.9	PLM			EXP
				817.8		834.6		16.8	16.5	0.32	5.12		5.03	11.1	ESC			EXP
				852.0		856.7		4.7	4.6	0.35	1.43		1.41	11.9	X			EXP
31L518	57°		-40°	812.6		820.6		8.0	7.6	0.21	2.44		2.33	7.1	PLM			EXP
				865.0		868.0		3.0	2.9	0.35	0.91		0.87	11.8	ESC			EXP
				1028.3		1030.0		1.7	1.6	0.74	0.52		0.49	25.4	X			EXP
34L1015	44°		-30°	940.1		942.4		2.3	2.3	0.20	0.70		0.70	6.9	ESC3			EXP
34L1112	44°		-71°	538.5		541.0		2.5	2.0	1.14	0.76		0.60	39.1	ESC			EXP
34L1113	47°		-65°	904.5		906.0		1.5	1.3	0.17	0.46		0.41	5.7	ESC			EXP
				936.0		939.0		3.0	2.7	0.20	0.91		0.82	6.8	ESC			EXP
34L1115	43°		-7°	433.1		436.0		2.9	2.7	0.21	0.88		0.83	7.1	ESC			EXP
				696.7		703.1		6.4	6.1	0.38	1.95		1.86	12.9	ESC			EXP
34L1117	47°		19°	1024.0		1027.0		3.0	2.3	0.58	0.91		0.69	19.9	ESC			EXP
34L1124	42°		-79°	1251.0		1255.0		4.0	3.1	0.22	1.22		0.94	7.5	ESC			DEL
37L034	228°		-34°	44.6		57.0		12.4	5.4	0.12	3.78		1.65	4.2	ESC			EXP
				75.0		79.0		4.0	1.8	0.36	1.22		0.54	12.2	ESC			EXP
				127.0		129.0		2.0	0.9	0.25	0.61		0.27	8.5	ESC			EXP
				309.0		315.0		6.0	2.8	0.18	1.83		0.84	6.2	ESC			EXP
				455.0		457.0		2.0	0.9	0.19	0.61		0.28	6.6	ESC			EXP
				686.3		688.5		2.2	1.0	0.28	0.67		0.30	9.7	ESC			EXP
				714.0		716.0		2.0	0.9	0.12	0.61		0.27	4.0	ESC			EXP
				724.0		746.0		22.0	9.9	0.22	6.71		3.01	7.5	ESC3D			EXP
37L159	306°		52°	282.9		303.0		20.1	9.5	0.31	6.13		2.90	10.6	ESC3D			EXP
37L290	44°		-43°	1238.7		1248.0		9.3	9.1	0.24	2.83		2.79	8.2	ESC3			EXP
				1255.8		1257.8		2.0	2.0	0.36	0.61		0.60	12.3	ESC			EXP
				1278.0		1281.1		3.1	3.0	0.26	0.94		0.93	8.8	ESC			EXP
				1399.9		1401.3		1.4	1.4	1.09	0.43		0.42	37.5	ESC			EXP
37L292	34°		-79°	1077.3		1079.8		2.5	1.9	0.34	0.76		0.58	11.7	ESC			EXP
37L304	44°		-72°	1045.0		1047.0		2.0	1.6	0.29	0.61		0.48	9.9	ESC			EXP

						Gold Assay			Gold Assay		Zone	Type
Hole No.	Azimuth	Dip	Assay Interval		Length	True Width	Ounces per Ton	Length	True Width	Grams per Tonne	(see legend)
			(in feet)		(in feet)	(in feet)	(uncut)	(in metres)	(in metres)	(uncut)
37L307	45°	-55°	1382.0	1383.0	1.0	1.0	0.79	0.30	0.30	27.1	ESC3	EXP
			1428.0	1430.0	2.0	2.0	0.26	0.61	0.60	9.0	ESC	EXP
			1435.3	1438.3	3.0	2.9	0.45	0.91	0.90	15.4	ESC	EXP
37L309	43°	-72°	948.5	950.0	1.5	1.1	0.63	0.46	0.35	21.6	X	EXP
			1040.0	1041.6	1.6	1.2	0.59	0.49	0.37	20.1	X	EXP
			1601.1	1602.7	1.6	1.2	0.40	0.49	0.38	13.7	ESC3	EXP
37L336	45°	17°	703.0	706.0	3.0	2.2	0.20	0.91	0.68	6.9	ESC	EXP
37L337	45°	-13°	425.5	438.0	12.5	12.2	0.19	3.81	3.71	6.6	ESC3	EXP
			514.0	515.8	1.8	1.8	2.32	0.55	0.54	79.5	ESC	EXP
37L340	28°	10°	674.6	678.1	3.5	2.7	0.22	1.07	0.82	7.7	ESC	EXP
			722.4	723.2	0.8	0.6	0.22	0.24	0.19	7.5	ESC	EXP
			754.1	758.6	4.5	3.4	0.33	1.37	1.05	11.3	ESC	EXP
			1003.5	1008.0	4.5	3.5	0.51	1.37	1.06	17.7	ESC	EXP
37L341	25°	-12°	475.3	484.8	9.5	9.0	0.26	2.90	2.74	9.0	ESC	EXP
			543.7	545.3	1.6	1.5	0.22	0.49	0.46	7.7	ESC	EXP
			569.9	571.0	1.1	1.0	0.35	0.34	0.32	11.9	ESC	EXP
37L342	18°	-32°	451.9	473.8	21.9	20.9	0.20	6.68	6.37	6.9	ESC3	EXP
37L343	45°	-79°	671.0	677.0	6.0	4.3	0.20	1.83	1.31	6.9	ESC3	EXP
37L344	353°	-19°	721.0	727.9	6.9	5.4	0.65	2.10	1.65	22.4	ESC	EXP
			791.0	801.2	10.2	8.1	0.20	3.11	2.47	7.0	ESC	EXP
37L345	340°	-29°	848.6	851.5	2.9	2.3	0.47	0.88	0.70	16.1	ESC	EXP
			883.7	885.0	1.3	1.0	0.57	0.40	0.32	19.4	ESC	EXP
			968.4	969.5	1.1	0.9	0.54	0.34	0.27	18.6	ESC	EXP
37L349	46°	-42°	862.7	864.8	2.1	2.1	0.51	0.64	0.63	17.5	X	EXP
			1363.5	1366.2	2.7	2.7	0.35	0.82	0.81	12.0	ESC	EXP
			1461.5	1471.2	9.7	9.6	0.50	2.96	2.92	17.1	ESC	EXP
37L356	38°	-80°	1329.4	1331.7	2.3	1.7	0.46	0.70	0.52	15.8	ESC	EXP
38L028	45°	-2°	147.8	149.4	1.6	1.4	0.54	0.49	0.43	18.4	ESC	EXP
			484.0	493.7	9.7	8.9	0.22	2.96	2.71	7.5	ESC	EXP
38L029	45°	-12°	461.0	464.3	3.3	3.2	0.75	1.01	0.97	25.7	ESC	EXP
38L032	45°	-50°	664.3	667.7	3.4	3.3	0.30	1.04	1.02	10.4	ESC	EXP
38L033	41°	-71°	644.0	649.0	5.0	4.2	0.22	1.52	1.29	7.5	ESC	EXP
						WEST TARGET AREA
34L1082	220°	-15°	1310.0	1313.0	3.0	2.4	0.40	0.91	0.74	13.6	HW7	EXP
			1380.0	1384.0	4.0	3.7	0.17	1.22	1.12	5.8	HWX	EXP
			1676.5	1678.0	1.5	1.4	0.10	0.46	0.43	3.5	HWX	EXP
		FW	Footwall Zone				1 ounce per ton =			34.2857 grams per tonne
		MAIN	Main Zone					1 foot =		0.3048 metres
		HW	Hanging Wall Zone					X		Cross Structure
		ESC	Sulphide Zone					DEL		Delineation
		EXP	Exploration					DEF		Definition