Viacom Inc. VIAB

Next property

[sellig62]

Does anyone have idea on what porperty the New Virginia will concentrate on next?

[monmick]

Here is my guess... === Virginia: Acquisition of a 100% Interest in the Poste Lemoyne Property 09:32 EST Monday, October 31, 2005 QUEBEC CITY, QUEBEC--(CCNMatthews - Oct. 31, 2005) - Virginia Gold Mines Inc. ("Virginia")(TSX:VIA) announces the signing of an agreement with GlobeStar Mining Corporation ("GlobeStar") pursuant to which Virginia acquires GlobeStar's

[lhynes]

My guess is that Virginia will be focusing on its Poste Lemoyne and LaGrand Sud properties in the northern region of James Bay. It was interesting to see Virginia buy out its remaining option in the Poste Lemoyne property from Globestar several weeks ago for quite a hefty price. October 31 2005 Acquisition of a 100% interest in the Poste Lemoyne property Virginia Gold Mines Inc

[lhynes]

Hi Monmick, I totally agree with your observation; Virginia didn't pay such a hefty price for the remaining 50% ownership of the Poste Lemoyne project to leave it idle.Like you, I personally believe that Virginia, in purchasing this option, is paving the way for New Virginia.Have you looked to see which junior(s) are close by???I have been researching Eloro(ELO-V)...they have an adjoining

[monmick]

The other possibility is the following: Éléonore covers an area of roughly 520 square kms. During the conference call yesterday, Paul Archer said (if I heard him correctly) that the deal with Goldcorp only covered 240 square kms -- so a bit less than half the total Éléonore land package. So, going forward, one must view New Virginia as one of the best "proximity plays"