PINL:VITFF - Post by User
Comment by
HotSnoton Dec 11, 2007 6:12pm
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Post# 14004177
RE: A few sobering thoughts
RE: A few sobering thoughtsThe depth of the intercept was a concern of mine aswell untill i read the exact same portion of the release as has already been posted....
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The Helen Zone is located just 660 m (2,000 feet) north-west -- and roughly at the same elevation -- as the bottom of the mined Cove open-pit."
"Although exploration at Cove is at an early stage, underground access to the Helen Zone for closer-spaced delineation drilling may be warranted depending on drilling results over the next few months. Access to the Helen Zone could be achieved relatively quickly and inexpensively through the side wall of the existing Cove-McCoy open pit."
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As a result of this development, in conjunction with the results, my understanding is this could be interpreted almost as a surface intercept of these grades. Getting to the ore is often the expensive part for these deposits and that isnt the case here. The hardest part has already been done, other then finding the ore itself that is.
Disclosure. I do not currently own this stock but i am giving it some serious thought.
good luck.