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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: These are Osisko-type of results!

These are Osisko-type of results!

posted on Jan 12, 2010 06:19PM
These Santa Fe results look great to me.

I know it is extremely early on here, and that strike length has to be confirmed, but another company I hold is Osisko (OSK.TO) which is building a mine based on similar grades. Osisko currently has a market capitalization of $2.8 BILLION.

Happily holding VIT,
Bender


I've included an old news release from Osisko below.

http://www.osisko.com/en/press/index.html

Jan. 9, 2006
OSISKO INTERSECTS 1.35 g/t Au OVER 170.5 METRES

Osisko Exploration Ltd (OSK:TSX-V, EWX: Deutsche Boerse) is pleased to announce the initial results from Phase Three drilling on its 100%-owned Canadian Malartic gold property, located in the Abitibi region of Quebec.

The ongoing 14,000 metre program is focused on systematically drilling the western end of the main deposit between lines 3380E and 3790E, on a 60 meter grid over an area measuring 470 x 360 metres. An additional 13,000 metres is scheduled to follow the current program (for a total of 27,000 metres of drilling).

The first six infill holes (all vertical except for CM05-688) were drilled on sections 3502E and 3550E. The new results continue to confirm the consistency of the zones of near-surface mineralization, including hole CM05-685 which returned 1.35 g/t Au over 170.5 metres. Results from the six holes are tabled below:

Hole Section From (m) To (m) Length (m) Au g/t
CM05-657E 3502 E 1.0 140.5 139.5 1.16
233.3 296.8 63.5 0.81
CM05-683 3502 E 2.7 75.9 73.2 1.03
129.1 145.6 16.5 0.51
CM05-685 3502 E 39.6 210.1 170.5 1.35
CM05-688 3550 E 2.2 318.6 316.4 0.86
CM05-689 3550 E 2.6 81.6 79.0 1.15

Hole CM05-657E represents deepening of previously reported hole CM05-657 within the F zone and it intersected additional mineralization at depth (0.81 g/t Au over 63.5 metres).

The Canadian Malartic deposit extends over a length of 1.2 kilometres and is still open to the south and west. Sean Roosen, COO of Osisko states: “We are extremely encouraged by these results.

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