RE:RE:Update from Pilar Gold / VQAAnother update I received today from Pilar Gold in Brazil with some very high grade drill results at their Sertao mine (incl. 1 meter at 247 g/t) which they plan to start up next year and process through their 4500 tonnes per day Pilar mill.
With the current raise at US$1 a share that would make Valterra's Pilar shareholding alone worth almost three times its current market cap.
Average width and grade from all the mineralized holes that have been hit so far there is 1.3m @ 40.5 g/tonne. They're expecting 15-20g/ tonne from Sertao when it starts producing which will be blended with ore from their other operating mines to go through the plant.
Link to the email update below:
Gold rush at Sertao