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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Post by dinero2on Oct 26, 2010 6:38pm

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Post# 17615560

Take notice

Take notice that the grades are higher the deeper they drill.
Can`t wait to see PHASE4 with super long cores! Should be very exciting.

They have increased the strike length from 350 meters to 1000 meters, the Lower block has been increased from 100 meters to 500 meters in strike length, 27 holes released to date will be added to new resource calculation which should be available by end of 2nd quarter of 2011.

Also, read this:

``All released drill holes (Phase-1, 2, & 3 = 27 holes) have encountered mineralization and are yet to be added to a resource estimate``

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