From the news 2007-09-06Highlights of the drilling completed to date include:
- Six metres at 7.40 grams per tonne gold from DDHPC9 (including one metre at 35.03 g/t gold);
- Two metres at 2.68 g/t gold from DDHPC9;
- Two metres at 0.92 g/t gold from DDHPC8.
The drilling to date on the Poncha project has confirmed the presence of a large breccia, stockwork and vein-hosted intermediate sulphidation epithermal gold/base metal system at the two-kilometre-by-two-kilometre South Target. Examples of this style of mineralization found elsewhere include Kelian in Indonesia (eight million ounces gold at an average grade of 1.6 g/t) and Rosia Montana, in Romania (eight million ounces gold).
The partially completed drill program did not test all of the important priority targets. A complete compilation of the data from the current program will be released when the balance of the 3,000-metre drill program, primarily on the South Target, is completed when weather conditions permit in the fourth quarter of 2007.
Looks like to me they are on to something big and they know it
Kewi