GREY:VITFF - Post by User
Post by
scissors14on Aug 09, 2004 9:08pm
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Post# 7792376
Today's Cannacord Morning Coffee
Today's Cannacord Morning CoffeeVictoria Resource (VIT : TSX-V : $1.55), Net Change: 0.04, % Change: 2.65%, Volume: 238,300
Discovering Victoria’s secrets. Victoria holds a 100% optioned interest in the Mill Canyon gold prospect in the Cortez Trend, Nevada subject to a 50% back-in option to Newmont Mining (NEM). Bema Gold (BGO) holds a 30.1% interest in the junior. The company is managed by the Bema Gold (BGO) team. In early July, the company reported that the deep drilling on a new target area, the RJR zone, located about 820 metres southeast of the Open Cut target, had returned up to 25.9 metres of 10.4 g/t Au. This hole, designated OC-36, has intersected a large decalcified and intensely altered horizon that at surface has dimensions of about 360 by 600 metres. Drilling intersected this horizon at about 265 metres vertical. Assays are received to 677 metres in depth. A step-out drill program is planned for this area. As well, follow-up drilling is to occur on the Open Cut target where drilling is to resume this month. Counter to many of the junior exploration names, Victoria shares have found bids at recent levels and shares look to trade higher.