V.LTH Message Board - Msg: 24728776

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Gold/Mining/Energy : V.LTH

LTH 27.54

+5.4%

Nov 25 3:59 PM EST

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To: james flannigan who wrote (789)	7/3/2008 6:18:49 PM
From: chester_what?	of 874

Is the 100 feet really considered as high grade moly? 20 metres, or roughly 60 feet, is 0.05% moly, or about 2% zinc equivalent. Since we wouldn't consider 2% zinc high grade, how can we consider the moly high grade over that intercept. To me, $34 a tonne doesn't really cut it at 700 metres. HOWEVER, the 8 metre intercept was very encouraging, and it will be interesting to see if more high grade moly in that range will be found. One question I have is why Lithic is not drilling near CCC-15 where those crazy moly intercepts were found in the past, because that is one historic hole where the cores were not entirely sent or sent at all for assay so they will not be included in the upcoming 43-101; thus, wouldn't they want to re-drill it to include it? Didn't they hit something like 15 metres of 1-5% moly - that is unheard of moly grades, yet no drill hole....WHY?

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