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Volcanic Gold Mines Inc T.VG


Primary Symbol: V.VG Alternate Symbol(s):  VLMZF

Volcanic Gold Mines Inc. is a Canada-based company, which is engaged in the acquisition and exploration of mineral properties, focused on building multi-million-ounce gold and silver resources in under-explored countries. The Company has a 60% interest in two highly prospective gold-silver projects in Guatemala: Holly deposit and Motagua Norte project. The Holly deposit is an advanced-stage, high-grade gold-silver deposit with demonstrated underground mine potential. The Holly property straddles the regional Jocotan Fault which forms part of the 400 kilometers (km) long by up to 80 km wide deformation zone that separates the North American and Caribbean plates. The Motagua Norte project has a bonanza-grade gold-silver quartz vein system. The Motagua Norte project covers an area of over 86 square kilometers (km2) land position. The Cirilo 1 exploration license covers an area of over 13.5 km2 and includes the Mila gold anomaly. The 72.68 km2 is under application for exploration licenses.


TSXV:VG - Post by User

Bullboard Posts
Comment by cigarsailoron Jul 13, 2010 1:08am
419 Views
Post# 17264098

RE: RE: RE: RE: uplift

RE: RE: RE: RE: upliftA few of my thoughts -

30% of a deposit can be fairly significant if VG is successful in delineating a decent resource.  But more impotantly, Paymaster is only one property in VG's playbook.  

Davidson-Tisdale has a modest measured, indicated and inferred reserve at a decent grade and good potential at depth.  The grades reported from drillhole assays are subject to the nugget effect and are typically lower than actual so the potential resource here is pretty good and a million ounce resource is not inconcievable.

The Fuller property has great upside, a good resource at a decent grade already, and lots of untested potential at depth.

Furthermore, Rob McEwan would not have invested a non-trivial amount of money if he was thinking the Paymaster play was the only egg in the basket...
Bullboard Posts