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PC Gold Inc Ord PCGLF



GREY:PCGLF - Post by User

Bullboard Posts
Post by rockport1on Mar 08, 2010 3:41pm
405 Views
Post# 16857293

Today's news confirming new vein

Today's news confirming new veinPC Gold is steadily finding and confirming new zones of gold. Today's news, while not spectacular, continues to demonstrate the old adage that the best place to look for gold is in old producing mines. They discovered this vein No. 19 late last year, and are beginning to demonstrate continuity with this hole and the next (still in for assays, but with visible gold).
   It is very significant that PC Gold's CEO, Kevin Keogh, compared No. 19 to vein No. 2 that produced several hundred thousand ounces of gold. If No. 19 can eventually prove up even a couple hundred thousand ounces, that has a in-situ resource value of $200 million. At this early stage, it should be worth a few million in market cap, don't you think?
   What I find really impressive is how they continue to find more veins/zones within the old mining area, despite the fact that it has seen over 4000 drill holes. Plus the deep holes are also hitting high grades below the old mine workings.  With all this adding to the old resource of 1.3  million oz (pre/non 43-101), and a $32 million market cap, it sure seems like a no-brainer for continued share appreciation.  Comments?
Bullboard Posts