PINL:VLTAF - Post by User
Post by
optalon Jan 14, 2011 6:51am
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Post# 17970880
PRICE TARGET
PRICE TARGET - Volta!! Additional drilling from the in-fill program has successfully extended the known zones of Kiaka mineralization to depth. Four holes located on Section 5350N main deposit extend the drilling depth down another 100 vertical meters from its current 200m level. Drilling was highlighted by 138.05m @ 1.13 g/t Au, inc 20.00m @ 1.78 g/t Au. An updated resource is expected in Q2/11 (we currently assume 65mm tonnes @ 1.25 g/t for a total of 2.6mm oz), followed by a pre-feasibility study later this year. Buy $4.00 target.
THOUGHTS FROM WELLINGTON WEST