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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers

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To: E. Charters who wrote (58388)	4/13/2008 1:57:54 PM
From: AuBug	Read Replies (1) of 78424

VIT.v mentions the open pit because it saves them having to build a decline to mine the deposit. Does saying "Cove open pit" conjure up images of a barren spent land? If so, anyone laboring under that misconception should watch Rob Krcmarov's discussion of Barrick's exploration status. He shows data for their Cortez Hills Lower Zone with drill results that appear to be a band running from 25 to 280 feet thick and over 3,000 feet long. It appears to be 2,000-2,500 feet deep and the grades are great! 100' @ 0.457 oz/st, 30.5' @ 0.96 oz/st, 72' @ 0.797 oz/st, and 280' @ 0.503 oz/st. It gets better as it trends into oxide. He hints they may have identified another similar breccia zone. This is SE of their Cortez Hills deposit labelled as 10 million oz on his map. These are SE of Pipeline labelled as 20 million oz. I've seen a more current version of their Cortez data but I can't find the link. Note ABX also has a couple of "old open pits" nearby. I'll be looking to add more VIT.v on dips south of 0.90. events.onlinebroadcasting.com "I can tell you why the news depressed VIT. They mentioned the old pit twice. And also it was news. That usually will ruin a good play."

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