Welcome To The VIT Chat Board

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

Free
Message: wellington update

wellington update

posted on Apr 08, 2009 03:40PM

here is the highlighted version of Wellington's latest comments regarding hole 14.

Drilling Confirms Helen Zone Gold Mineralization at Depth

Hole NW-14 extends Helen at depth and to the east of hole NW-13a.
NW-14 includes 6.7 m grading 19.95 g/t gold, extends mineralization 65m below and 20 m east of prev. hole NW-13A (29.6 m at 16.75 g/t).

Narrower intervals, but grades and plumbing system persist.
While NW-14 returned narrower intervals than previous drilling, it did cut several high-grade sections & a long section of anomalous gold alteration.

Final hole of 15-hole program to soon begin; adit planning continues.
Economics of driving an adit from the nearby, former Cove pit to permit faster, more precise & cheaper underground drilling being studied.

Buy (from Spec Buy) and $0.85 target price (from $0.70).
Reduced deal risk and a higher probability

5
Apr 08, 2009 11:52PM
3
Apr 09, 2009 04:47AM
Share
New Message
Please login to post a reply