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The Company's Eagle Gold Project in Yukon Canada hosts a National Instrument 43-101 compliant Reserve of 2.3 million ounces of gold.

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Message: Re: Roll Call
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Nov 08, 2008 08:26AM

All of the comments that I have read and correspondence that I have had with Chad, suggests IMO that, in the final analysis, VIT will go ahead with the next drilling phase at Cove McCoy. Afterall, Chad did say that VIT's results at Cove McCoy are the best that any Nevada junior has seen in years. Outside of the cost of puting in an adit, drilling costs before the significant drop in drilling costs that has recently occured, would be 1/10th of the cost of the deep drilling that VIT has been doing at Cove McCoy. VIT is going to have to priortize their drilling prospects to reduce their burn rate of cash. I believe that one of the top priorities will be Cove McCoy - then Mill Canyon and the most promising properties acquired from the proposed merger with Gateway Gold. It is also my opinion, that the most promising junior exploration companies have already seen their lows. If VIT shows stellar assay reports from HOLE 12, or 13 or 14 similar to NW5,(which would confim VIT position that gold pooling may have occured below the dike that they have recently encountered) , then VIT's stock should move up signficantly between Nov and Feb 2008 period.



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