$PNGM  has been releasing some positive news over the last few weeks ......

During 2012, Terrace completed a work program on the property that consisted of soil sampling and rock sampling.  Fourteen rock samples were collected in the area of a previously identified large 2,800 ft. diameter magnetic anomaly.  Seventy-two soil samples were collected to help delineate the extension of the collapse breccia zones on the Golden Snow Project.  Based on the successful completion of the program, Terrace's geological consultant has recommended that a program consisting of 3,000 feet of reverse circulation drilling to test locations for gold bearing collapse breccias and to test a probable intrusive indicated by ground magnetic data.  The program has an estimated cost of $175,000.  Subject to financing, Terrace intends to proceed with the recommended program.  The geological consultant also recommended that Terrace locate and record additional claims adjacent to the property.  This process is underway.