Golden Valley Mines Ltd GLVMF

Agnico/malartic

[arh0070]

News out with quarterly results from agnico .Detailed drilling results given with locations of the recent finds in East Malartic and oddysey .I am sure that Ian Ball will be able to give a detailed analysis now that drill intercepts and locations are given .its hard to tell but it does appear that a lot of recent drilling is in oddysey south just south of abitibis royalty zone( 50% owned by gzz and thier most significant asset ).Production from Barnat zone scheduled for next year (money for abitibi).malartic is an incredibly profitable mine .Agnico sells gold of course in US dollars and costs are in canadian ,the looney is strengthening affecting profits some but they do some hedging .Agnico is a quality company and abitibi holds a lot of shares .