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.

TSXV:PEM.P - Post by User

Penbar Capital Ltd

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Comment by ghost958on Jul 23, 2010 6:33pm

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Post# 17293452

RE: RE: RE: RE: PEM looking good

"

The Phase-Three drillprogram will consist ofapproximately 33 holes ranging in depth from 150meters (500 ft) to 610 meters(2,000 feet) for a total of 10,000 meters(33,000 feet) of drilling. It isdesigned to intersect the previouslyannounced “target” which may contain15,000,000 to 25,000,000 tonnes ofmineralized material grading from 0.7to 1.2g/t Au and may contain 337,000to964,000 ounces if intercepted by thedrilling."

0.7 TO 1.2g/t looks too low for the coming results. And the mineralizedsize keeps growing. Anyone compare the new cross section with 2009-10?

Ghost