Re: Reports
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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.
Message: Reports
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Here is my summary of recent events at VIT and future development and drilling activity for 2009:
1. VIT is concentrating on a few core properties and has returned five of their properties back to their owners. IMO, this is a wise decision. VIT can't afford to drill every ` property they have lease arrangements with, and therefore they have to identify the best drilling prospects for the limited resources that they have available to them.
2. Drilling activity for the following properties may commence between this summer and the end of 2009:
a. Santa Fe - company anticipates drilling to commence sometime summer.
b. Cove - company may do some drilling on other targets outside of the Helen Zone.
c. Summit - company hopes to start work on this property before year-end
3. Eagle Property - complete pre-feasibility by year-end.
4. Cove (Helen Zone) engineering studies, permits, etc. for possible adit leading to additional underground exploration activity. This may take another six to 12 months before the next phase of drilling commences on this property - assuming VIT studies indicate that is economically viable.
Listed below is a link to Management's Discussion and Analysis of Financial Results for the three months May 31,2009. This link will give you much greater details as to what VIT's future plans are:
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