PINL:VLTAF - Post by User
Post by
Bottleson May 18, 2012 11:22am
157 Views
Post# 19925524
Checking in....
Checking in.... VTR no doubt suffered a good hair cut this week but as with any haircut, VTR sure is looking better.
Per the April 19 presentation, drill results on south Kiaka were expected in 4 to 6 weeks (barring any additional delays in assays from the lab). With that in mind, Monday May 21 marks the day we can start expecting those drill results. IMO, the market is totally discounting what continued high grades on south Kiaka truely means to central Kiaka.
Per the PFS:
"The Study is based exclusively on the mineral resources defined in the Kiaka Central Area. Drilling undertaken 750 metres south of the Kiaka Central Area has identified the potential for an open-pit high grade satellite resource (see press release of February 14, 2012). The drilling has so far identified continuous high grade mineralization over a strike length of more than 175 metres to a vertical depth of 60 metres. In addition, potential parallel high grade zones, arranged en echelon, have also been intersected. The Company is currently drilling this target with a view to defining a maiden mineral resource estimate at the Kiaka South Area in early Q3 2012. The close proximity of a possible high grade satellite resource offers the project the opportunity for commencing production at a considerably higher grade. Currently the Kiaka South Area is not included in the Company's mineral resources estimates, mineral reserve estimates or in the Study."