Penbar Capital Ltd V.PEM

Primary Symbol: V.PEM.P

Penbar Capital Ltd. is a Canada-based capital pool company. The principal business of the Company is to identify and evaluate opportunities for the acquisition of an interest in assets or businesses and, once identified and evaluated, to negotiate an acquisition or participation by completing a qualifying transaction. The activities of the Company are initially limited to the efforts to identify and evaluate the acquisition of assets and business, which would represent a qualifying transaction for regulatory purposes. The Company has not commenced commercial operations and has no significant assets.

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Penbar Capital Ltd

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Comment by pokerface2on Jul 17, 2009 2:42pm

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Post# 16146684

RE: RE: Coffin: Holes # 6 and 7

Sorry I didn't answer sooner.........but Coffin hit nail on head of my thinking.

why do you think holes 6 and 7 are in a good location? -
These two holes also extend thestrike length of the OSZ by 100 meters to the south and are located onthe north end of a1200 meter (4,000 foot) gold in soil geochemicalanomaly. This confirms the probability that the anomaly is likelyrelated to the continuation of the OSZ to the south. Additionaldrilling planned for Phase 2 will be designed to delineate thecontinuity of the mineralization associated with the OSZ to the southof the main zone.

why would you have the impression that these holes "hit well" - "Drill holes PFR2009-6 and PFR2009-7 (located south of Quartz Creek) intersected intensely" <<<<<<<this was my first clue!

I just read the NR several times very carefully, that's all.

thanks,
Chris

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