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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: Santa Fe Analysis

Santa Fe Analysis

posted on Oct 24, 2009 08:29AM

The report below sounds like something Solobeamer would have writen. In fact I would be interested in hearing Solobeamer's comments on this post.

Posted by Metalcomplex @ stockhouse.com for VIT

Hole BH-2 was drilled into one of the sulphide pipes at the bottom of the pit. Mineralized from one end to the other. Likely much more beyond the end length of 383m. There is another sulphide pipe in the middle of this pit, so that one is going to be interesting as well. Two other pits that had been mined for oxide ore also had indications that sulphide pipes had brought that ore to surface. The indications are that the sulphide pipes were the direct result of a large volcanogenic event. The implication is that the entire area may be a VMS target area. They will be looking for vetically and laterally stacked orebodies. The richer and higher grade veins may be much deeper. Once the entire size of the mineralized zone is determined, a giant Carlin type pit could be mined while drilling seeks out those higher grade zones that will be found at the intersection points of the fault structures. This will likely turn out to be another Helen Zone with just one notable exception. It starts right at the surface, more or less. So we can expect a lot of definition drilling around BH-2 and at least 3 more exploration holes tied to the sulphide pipes that are already known to exist.
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Oct 25, 2009 04:08PM
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