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Strategies & Market Trends : Ride the Tiger with CD -- Ignore unavailable to you. Want to Upgrade?

To: sunny1 who wrote (169758)	7/14/2009 10:06:07 AM
From: stan_hughes	1 Recommendation Read Replies (1) \| Respond to of 313031

Ripped from Stockhouse EVG board -- Superb intercepts indicate major discovery Drill hole RSC-020 at North Stock, intersected 67.1 meters at 10.8 gpt Au, including 36.6 meters at 16.8 gpt Au . Even more impressive was the aggregate composite, inclusive of the halo gold mineralization, is 185.5 meters at 4.29 gpt Au (610 ft at 0.125 oz/ton). This is an exceptional intercept , but is not unique in that several as good as this was produced in the 2008 drilling program. Further, the drill results in RSC-020 represent a major extension of the North Stock high grade gold mineralization at Rattlesnake. The collar of RSC-020 is approximately 145 meters southwest of RSC-007 (131.1 meters at 2.84 gpt Au, (430 ft at 0.083 oz/ton)) and 210 meters southwest of RSC-003 (146.3 meters at 2.92 gpt Au (480 ft at 0.085 oz/ton)), which were drilled in 2008. The known strike of the high grade gold zone is now 210 meters. Drilling is currently following this zone along strike and down dip. More great results can be expected as new drill results will continue to report thruout this summer. A first ball-park estimate of the size of the mineralized zone can be made from the results of the 2008 drilling which indicated a body of mineralization at North Stock approximately 450 meters along strike, 200 meters wide, and with a depth of at least 550 meters. Using a SG of 2.5 , this zone...........which is open at depth and to the south ,east and west..... contains 123 million tons of mineralized ore. Over 40 percent of all assays within this body were above cutoff (0.25 gpt Au). The average grade of mineralized intersections above a cutoff of 0.25 gpt Au is 0.96 gpt Au . That is, we already have 50 million tons of economic ore at an average grade of 0.96 gms/ton, which represents an economic gold resource of about 1.6 million oz. Rough calculations show that the high grade zone within this zone is already about 1 million oz at an average grade of about 3 gms/ton Even more impressive, assays from drill hole RSC-016 in Antelope Basin, approximately 725 meters south of North Stock, also confirms long intervals of bulk tonnage halo gold mineralization (61.5 meters at 0.40 gpt Au (202 ft at 0.012 oz/ton), 79.2 meters at 0.85 gpt Au (260 ft at 0.025 oz/ton)). Geophysical survey results (CSAMT) strongly support a large body of mineralization extending from North Stock for approximately one kilometer to the south through Antelope Basin and further to South Stock. Drilling in 2009 will test the continuity of mineralization along this trend. In other words, Rattlesnake is already a major economic gold discovery , and drill results from Antelope Basin, South Stock and the fact that the currently defined zones remain open in all directions and at depth suggest that Rattlesnake could contain up to 10 + million economic oz of gold. Metallurgical tests are already being conducted, indicating that management is proceeding to early production. With superb management, and $16 million in cash, EVG represents a major investment opportunity in the making..