CERTIFICATE OF ANALYSIS


Company: Craigmont Mines Date Reported: April 24, 2003
Composite: MAR 03/03 Project: 0302503


Sample Field Strength Magnetic Density Percentage Passing
(I.D.)

80 grade composite
90 grade composite
(Gauss)

900
900
(%)

95.7
98.2
(g/cm3)

4.74
4.77
53 µm
(270 mesh)
86.0
92.2
44 µm
(325 mesh)
79.4
87.6
37 µm
(400 mesh)
72.2
82.1
10 µm

20.1
23.4