OTCQX:LVNVF - Post by User
Post by
montreal10on Jan 25, 2010 10:39pm
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Post# 16717863
Cordero update
Cordero updateFrom the management discussion for year ending Oct 31 2009, VHV, LVN's JV.
3 OUTLOOK
With the completion of the two financings in December, the Company now has the corporate treasury to advance a number of its projects, particularly Cordero and to continue to identify opportunities within North America.
In Mexico, the Company intends to drill up to 20,000 metres in the first half of 2010 as well as completing some additional geophysics and ground surveys at the Cordero project The step out drill program will initially focus on the Pozo De Plata target which returned 72 metres at 150.16 g/t Ag, 1.06 g/t Au, 2.48% Zn and 2.27% Pb. The step out drill program will also focus on stepping out from Drill holes C09-3 and C09-8 in the Cordero Dome target.
The Cordero property hosts a number of target zones within an area that extends 6km by 2km as defined by soil, IP and
geological work. In addition, in conjunction with its potential Joint Venture partner, as well as commencing the step out drill program, the companies will continue to evaluate the rest of this large property.