No - Chinese fuck-fuck Walls ...
God help us and let the Yuan float (sink!) with the Dollah ... and dat is why we are lookin fo som real assets and u?
Got Gold?
Beiträge von frr
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http://64.29.208.119/internationalperspective.asp
Die USA hat scheinbar nur "Bullets" den Dollars aus China entgegenzusetzen.
Interessant ist auch die im Westen grösstenteils von Medien nicht
einmal erwähnte Shanghai Coop. - Eine Öl/Gas Förder - soll ich sagen Föderation, die vielleicht schon heute der OPEC den Rang abläuft. bestehend aus Öl und Erdgas -reichen Regionen der balten UDSSR, wie etwa Usbekistan, Kasachstan, Turkmenistan und nicht zletzt Russland selbst.Das Ende des Petrodollars scheint vorprogrammiert - der Weg dorthin wird eher blutig ...
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- und ist bereits mit 18 nach Kanada ausgewandert.
@ Ulfur - hab eben auch den Tim Woods Artikel gelesen, der etwas biased erscheint, jedoch immerhin IMA einen deutlich höheren Anteil am Erfolg zugesteht.
Ich hab die Geschichte ziemlich genau verfolgt und neige, wie ihr wisst zu der Darstellung von IMA.
More later - -
Jim Puplave sagt Währungen "don't float - they only sink! So what else is new?
AFX News Limited
BIS says further dollar decline 'almost inevitable'
06.27.2005, 07:15 AMBASEL (AFX) - The Bank for International Settlements said a further decline in the dollar is 'almost inevitable' as part of the correction of global current account imbalances.
The dollar has declined in an orderly manner so far, but mostly against currencies that are truly free-floating, and overall it is no lower than its average of the last 30 years, it said.
The dollar declined 22 pct between Jan 2002 and Dec 2004 but has regained some ground in recent months.
'Given how little the US trade deficit seems to have been affected to date by dollar depreciation...some further movement seems almost inevitable,' the BIS said in its annual report.
The BIS said the US current account deficit, which reached 6.4 pct of GDP in the first quarter, is a serious long-term problem.
'It is unprecedented for a reserve currency country to have a current account deficit of such magnitude,' it said.
And the US deficit poses serious risks.
'It could eventually lead to a disorderly decline of the dollar, associated turmoil in other financial markets, and even recession,' it said.
But this does not mean that such an outcome is imminent, it said.
A correction of current account imbalances has so far been impeded by foreign exchange reserve accumulation by Asian emerging economies in order to thwart the appreciation of their currencies against the dollar, so greater exchange rate flexibility on their part would help the adjustment process, the BIS said.
The Chinese yuan and Asian currencies linked to the yuan are obvious candidates for revaluation, it said.
Greater exchange rate flexibility in China would help curb massive capital inflows into the country and give more scope for monetary policy to counter inflation pressures, it said.
While China is concerned that revaluation could adversely affect its financial system and the income stream of domestic farmers, these concerns should be dealt with through domestic policies rather than by maintaining the yuan's peg to the dollar, it said.
On top of the current account problem, the global economy is exposed to risks related to a series of 'internal imbalances', the BIS said.
Real interest rates are close to zero, long-bond yields are remarkably low, household savings have been declining sharply, debt levels are at record levels and house prices in many countries have never been higher, it said.
Any or all of these imbalances are liable to be corrected at some stage, with consequences for global growth.
'Such an unwinding might be gradual, and possibly benign, but it could also be rapid and disruptive,' it said.
But there is probably still time to take action to avert such a risk.
Ths BIS said deficit countries like the US need to curb spending and allow their currencies to depreciate, while surplus countries need higher exchange rates and more domestic spending.
Primarily, the US has to cut its fiscal deficit by trimming expenditure and raising taxes, but it has not yet done enough on this score, it said.
'While the administration has set a deficit reduction objective, the specific policies required to implement this remain to be put in place. That is a pity, since without early fiscal action, the burden will fall more heavily on tighter monetary policy,' it said.
US rate rises will be helpful in curbing consumer spending and household borrowing, although their main purpose is to respond to concerns about future inflation and to rising capacity utilisation rates.
But the tightening of US monetary policy will need to be conducted 'with some delicacy', it said.
Higher rates could restrain corporate investment, and there is considerable uncertainty about the impact of rate rises on house prices.
There is also a risk that the tightening of monetary policy will cause disruption in financial markets if inflation pressures mean that rates have to rise more rapidly than currently expected, it said.
The BIS said Europe and Japan have no room for rate increases because of weak economic growth, but raising rates in other parts of Asia would be easier.
China is trying to deal with overheating in its economy through administrative measures, but higher interest rates might be a better solution, it said.
'As in the United States, the concern in Asia must then be that an inadequate degree of monetary tightening will lead to either inflation or growing internal imbalances, or both,' it said.
The BIS said the world economy appears to be well into the boom phase of a cycle which started in the mid-1990s, with the upward momentum having transferred from equities into the housing market in recent years.
Global growth is expected to be robust again in 2005, with inflation remaining subdued, but further rises in oil prices would weigh on economic activity, while rises in bond yields would curtail household spending.
And inflation could still accelerate, as a result of the significant monetary stimulus of recent years and growing debt levels, it said.
'A continuation of steady, non-inflationary growth might seem the most likely outcome...however, it is by no means guaranteed,' it said.
sw/tc
... Wirtschaftswachstum gemessen am Nationalprodukt bietet kaum mehr die Grundlage zu objektiven Vergleich. Generell ist das "GDP" der sog. Welt von fortschreitender De-Industrialierung gekennzeichnet, wohingegen die sogenannten Entwicklungsländer des Ostens, insbes. des fernen Ostens industriell rasant aufrüsten.
Der US Dollar Raum lebt von den Ersparnissen, die der Rest der Welt zur Verfügung stellt, indem er Finanzwerte der USA kauft, also den verdienten Dollar zum Grossteil wieder dorthin recycled.
Mit dem Übernahmeangebot der Chinesen an UnoCal dämmert es auch langsam den dümmsten Kongressabgeordneten, dasss aus diesem Spiel langsam bitterer Ernst wird. Jetzt gehts ans Eingemachte!
Gruss frr
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Frage: Sind das lunar oder lunatic cycles von Mahendra?
Wollte nicht respektlos erscheinen, doch fand ich zu viele Widersprüche
in seinen An- Aus- und Einsage(r)n.Best frr
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... Wir sprechen nicht darüber, da wir abergläubisch sind.
Nettes Grufti Foto - BTW -
Go gold - die worms sind nicht besonders begeistert vom Metal - ich jedoch schon.
frr
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http://www.gata.org/venerosoview062005.pdf
Was immer er zu sagen hat sagt er elegant ...
Nein, ich bin weit entfernt FV nicht ernst zu nehmen, doch ich litt ein Dinner lang mit seiner nicht sehr colloquial, doch umso kurvigeren - may I say big , black beauty ...
Na ja, der Mann hat viel mehr erreicht als ich - es sei denn dass 35 Jahre Ehe... und mit demselben Mädel noch was bedeuten! -
... und ich weiss dass FV vorzüglich in NV investiert ... sonst weiss ich wenig - God bless ... Goldbugs ... Die brauchens ...
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Hallo Tschonko,
Ein Wort zur Infrastruktur der Gegend in der Chubut Provinz.
Eine recht guter Highway ist in der Nähe - keine Autobahn - doch adequat. Hochspannungsleitung geht direkt vorbei - Wasser ist ok und
Arbeiter sind vorhanden und freundlich zu der Group.Nicht so sehr zu AQI - wie ich schon erwähnte und während ich 2 Jahre zurück die AQI News Releases las... war ich "taken a-back to see those guys complaining about their share price being affecting by the legal disagreement on Navidad.
Das kotzt mich an, denn AQIs share price von .20 auf 1.20 heute ist nur auf diese Sauerei zurückzuführen - Dies ist meine unerschütterliche Meinung. Eine Meinung, die ich gerne vor jedem Richter vertreten würde!
Sorry for being sounding so fed up! - Ich bin's weil IMA bereits 15 - 20 $ wert sein sollte ... frr
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Das kann man so sagen! Würde mich nicht wundern wenn das Navidad Projekt zum historisch und weltweit grössten Silber/Blei Vorkommen avanciert... frr
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... Und dies gegenüber beinahe allen Weltwährungen.
http://www.goldmoney.com/en/commentary.php#current
Vieles spricht für ein weiteres Anhalten dieses Trends, wenn auch noch einige Hürden zu überwinden sind.
Hat nun Silber Nachholbedarf? Denke doch, auch wenn COT nicht so überzeugt ... frr
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http://news.goldseek.com/FinancialInsights/1119027189.php
- It may be dawning on many that somethings totally amiss in todays free floating currency system.
The equilibrium has cantered way off centre - as both the IMF and BIS have stated recently.Sorry - versuchen wir Deutsch. Habe eben Kurt Richebächers Meinung zur Lage der Nation -nein, der Schieflage der globalisierten Welt unter dem Fiasco von unlimitiert emmittierten Fiat Währungen gelesen und auch Freund Ferdi Lips sieht das Endgame.
Lips erinnert mich an den deutschen Bank Granden Abs, der auf eine Journalistenfrage seinen Namen zu buchstabieren sagte: "Ganz einfach - A - wie Abs - B wie Abs und S wie Abs... Go figure... Lips - though Ferdi is his trade mark!
OK, wir haben neue highs in allen möglichen und unmöglichen Währungen vs Gold - detto im Öl - und sind meilenweit entfernt von jeglicher Realität gemessen an Quantität von (Papier-) Geld zu GOLD!
Ferner, denn je und diese Utopien werden die lachhaften Idiotien, die die EU in Sachen Budget nun durchmacht - im Gefolge von Verfassungs-Ablehnung - zu nationalen Irrationalitäten zwingen . Tony, der Poodle hat bereits seinen Nachfolger bestimmt - Gordon Brown, der Clown, der als TSY Sec. den letzten Rest der UK Goldbestände zu absoluten Ausverkaufspreisen verhökerte. ... Natürlich - nicht weil er dachte der US$ würde mehr Zinsen bringen - oh, nein - nur weil der US $ called for assistance - und weil wir schon da sind so war die Irak Kriegs Geschichte!: - Bewusste Lüge!!!
... und mir geht de Luft aus - anderen das Öl - neue Höchststände in allen Confettis ... well done global-(oligarch-) ists.
frr
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Gold ist nicht mehr an den US Dollar gebunden. No, na - blöde Aussage - Gold ist an Nichts gebunden - denn an den inneren Wert dem Gold heute und seit Urzeiten zugemessen wird. ... Die nach oben offene Richterskala für Wert zu Arbeit!
Ob Kabale oder nicht, das ist nicht mehr wichtig. Gold hat entschieden die alten jahrelangen Grenzen in allen Fiat Währungen nach oben zu durchbrechen!
Gold hat somit eine klare Absage dem vorherrschenden monetären System erteilt. Einem System, dass dem US-Dollar und seinen Handlangern wie IWF, WB und nicht zuletzt auch dem neuen Kompetitor, dem € , ihren hegemoniellen Anspruch auf Reserve Status verweigert.
Das "barbarische Relikt" schlägt zurück würde die 25. Folge von Star Wars folgern; Doch das Imperium ist bereits geschlagen. Geschlagen, wie das alte Rom, die auch versuchten das Image der Unbesiegbarkeit durch Münzfälschung hintanzuhalten.
Go, Empire go - blow up your paper confetti to smithereens ...
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Be Happy - you've got a winner! A
Allemal ... und auch wenn AQIs Extorsionen zu einem kaum gerechten Ergebnis führen würden - was ich nicht nur bezweifle sondern auch mit dem natürlichen Rechtsempfinden des Volkes (sagte schon der alte Bruno Kreisky) im Gegensatz stehen dürfte - meine ich ... Go for it!
Go for the guys, who have diligently worked to find, expand and make the resource economical!
Go for IMA! frr
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Schleichts eich - wäre angemessen!
Aber nun zur Realität - IMA übertrifft 300Mio. Resource Unzen a' la neuestes News Release:
NEWS RELEASE 2005 Number 11
June 16, 2005
Silver Resources Increase to Over 300 Million Ounces at IMA's Navidad DiscoveryIMA Exploration Inc. (IMR-TSX.V, IMXPF-OTC.BB) is pleased to report the results of a resource estimate on the Calcite Hill deposit at it's 100% owned Navidad Project in Patagonia, Argentina. The Indicated Resources at the Navidad Project now totals 300.7 million ounces of silver and 1.27 million tonnes of lead (92.8 million tonnes @ 101 g/t silver and 1.36% lead). Ongoing drilling continues to define additional mineralization in the area of the Calcite Hill deposit beyond the resource estimate published here.
With the addition for the first time of Indicated and Inferred Resources at Calcite Hill, IMA's Exploration Team has now defined continuous silver resources (Indicated and Inferred) over a 2.3 kilometre strike length along the Navidad Trend. Ongoing drilling is targeting significant extensions to this world-class silver resource; additional surface work continues to better define additional known mineralization at the Argenta and Esperanza Trends. In addition to exploring for new resources, the company continues to better define and expand resources around the margins of Galena Hill, the Connector Zone, and Navidad Hill. It is expected that updated resource estimations will be undertaken once this phase of drilling is complete.
Click to Enlarge
The new resource estimate was prepared by Neil Burns, M.Sc., P.Geo. of Snowden Mining Industry Consultants Inc., who is an Independent Qualified Person as defined by National Instrument 43-101. The Calcite Hill estimate relied on assay results from 35 diamond drill holes covering an area of approximately 550 x 150-250 metres. Most of the estimated resource lies at relatively shallow depths starting at 50 to 80 metres and extending to 100 to 180 metres below the surface. Snowden created a block model (block size 12.5 x 12.5 metres in plan by 10 metres in depth) of the Calcite Hill deposit and coded this model into four domains based on geological interpretation. Grade was estimated using multiple indicator kriging techniques within the higher-grade domain and ordinary kriging with appropriate grade capping elsewhere. Densities were assigned to a block model using a nearest neighbour estimate from composited data determined from density measurements of entire boxes of whole core. Average densities used to calculate the tonnage at various AgEq cut-off grades are shown in the tables below. A small portion of the previously reported Navidad Hill Inferred Resource has been upgraded to the Indicated category and included within the Calcite Hill estimate. The Navidad Hill resources have been restated above to reflect these minor changes. Please note that the Project database at the time of this estimation comprised 174 diamond drill holes totalling 27,982 metres. Currently, 194 holes have been completed totalling over 32,200 metres.
Tables showing the breakdown of estimated resources at Calcite Hill at various silver equivalent cut-off grades are shown below. Complete tables and grade-tonnage curves showing the resource estimates for all the Navidad deposits at various cut-off grades are available at the company's website (http://www.imaexploration.com). The base-case 50 g/t silver equivalent (AgEq) cut-off was chosen as it reflects a contained gross metal value that is similar to many bulk-tonnage operations worldwide. No economic analysis has been applied to determine this figure; resources tabulated at other cut-off grades are presented below for comparison purposes. It is important to note that at Calcite Hill doubling the cut-off to 100 g/t AgEq only reduces the contained ounces of silver by 21%; applying this higher cut off to the project total resources produces only a 14% reduction in contained silver showing the robust nature of these deposits. Silver equivalent values were calculated using silver, lead, copper, and zinc grades and the same metal prices as were used in the previous Galena Hill and Navidad Hill resource estimates1. The silver equivalence formula makes no allowances for variable metal recoveries.
Click to Enlarge
Notes:
Silver equivalent calculated using US$5.50/oz silver, $0.30/lb lead, $1.10/lb copper, and $0.40/lb zinc. (AgEq = Ag + (%Pb*10,000/242.5) + (%Cu*10,000/66.1) + (%Zn*10,000/181.9). No attempt has been made to adjust these relative values by accounting for metallurgical recoveries as insufficient or no information is available to do so. Metal prices have been left unchanged from the prior estimate at Galena Hill in May 2004 in order to simplify comparisons to the prior estimate.
The Galena Hill, Navidad Hill and Connector Zone Indicated Resources remain unchanged from the Phase I and II resource estimations released on May 25, 2004 and December 1, 2004 except for restating of the Navidad Hill Resource where a small change was made at the common border with the Calcite Hill resource.
Strict quality control and quality assurance procedures have been observed at all stages of data collection leading to this resource. Please see IMA's website (http://www.imaexploration.com) for a detailed overview of these procedures.
Resource categories (Indicated and Inferred) used here and the preparation of this resource estimate conform to Industry Best Practices standards as set out by National Instrument 43-101 "Standards of disclosure for mineral projects" and those of the 2000 Canadian Institute of Mining, Metallurgy, and Petroleum (the "CIM") "Standards on Mineral Resources and Reserves".
A National Instrument 43-101 Technical Report documenting the Snowden Resource Estimate will be filed at http://www.sedar.com as is required by Security Commission regulations.
An 'Inferred Mineral Resource' is that part of a Mineral Resource for which quantity and grade or quality can be estimated on the basis of geological evidence and limited sampling and reasonably assumed, but not verified, geological and grade continuity. The estimate is based on limited information and sampling gathered through appropriate techniques from locations such as outcrops, trenches, pits, workings and drill holes.
An 'Indicated Mineral Resource' is that part of a Mineral Resource for which quantity, grade or quality, densities, shape and physical characteristics, can be estimated with a level of confidence sufficient to allow the appropriate application of technical and economic parameters, to support mine planning and evaluation of the economic viability of the deposit. The estimate is based on detailed and reliable exploration and testing information gathered through appropriate techniques from locations such as outcrops, trenches, pits, workings and drill holes that are spaced closely enough for geological and grade continuity to be reasonably assumed.ON BEHALF OF THE BOARD
"Joseph Grosso"
President & CEO
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... Calcatreu deshalb, weil es vielleicht die einzige Verbindung von AQI zu IMA ist und war. Ein Projekt, dass knapp 600K Unzen Gold aufwies, sowie Silber. IMA wurde eingeladen dieses Projekt zu evaluieren und kam nach due diligence zum Schluss, dass es nicht in ihre Strategie passte und gab es somit an den Vendor (NEM - Ende Nov. 2002) zurück. IMA bot auch an die data-base zu retournieren, was NEM für nicht wichtig hielt.
NEM wurde von IMA informiert, dass ihre Geologen ein Gebiet ca. 40km. südlich (von Calcatreu) zur etwa selben Zeit zu staken begannen, dass IMA's Geologen interessant erschien. NEM's Daten über dieses Gebiet waren reine aireal surveys über tausende von QuKm. und massen dem Gebiet keine Bedeutung zu. NEM wünschte IMA viel Glück ...
AQI hat Calcatreu am 28. Jan. 2003 erworben, nachdem IMA kein weiteres Interesse bereits Nov. 2002 dokumentierte . Nach meinen
Recherchen hatte AQI vor der Calcatreu Akqisition nicht einmal einen Geologen vor Ort gesandt, um die NEM Daten zu überprüfen.Die AQI Klage Daten für Navidad ausschliesslich für IMA verwendet zu haben wurde erst im Nov. 2003 eingereicht und stützen sich auf - keinerlei erkennbare Daten seitens NEM! Auch wird aus dem Studium
der AQI Geschichte klar, dass dies nicht der erste ähnlich gelagerte Fall ihrer Firmengeschichte ist. Zuletzt "verdiente" die Fa. sehr gut an einer Mex. Mine, die zum Handkuss kam als handelte es sich um karibische Freibeuter ...Mach Dir mal selbst ein Bild!
@ Ulfur Re: Louis Parquette - Bin nicht mehr subscriber - werde jedoch seine Picks in den nächsten Tagen bekommen.
Meantime Gold is doing its thingy against all fiat currencies - Got Gold?!
frr -
Hier die Calcatreu Umwelt Story re- AQI
Von Latinfinance:
Mining: Aquiline dismisses Calcatreu EIS rejection as electioneering
"This is an election year. These things happen," said Walter by telephone from his office in Toronto.
At the end of May Aquiline submitted the environmental impact study (EIS) for Calcatreu to Río Negro authorities to be evaluated by the provincial environment commission Codema.
Saiz, elected to office in 2003 and due to serve until December 2007, subsequently rejected the Calcatreu EIS on the grounds that the company wanted to use cyanide to extract the gold. He also said he would prohibit any project that involves the use of cyanide or mercury.
"What most interests him [Saiz] is the lives of the people of Río Negro," the head of the province's press department, Claudio Mozzoni, told BNamericas.
"He says he will not change a gram nor a kilo or tonne of gold for the life of a Río Negro person," Mozzoni continued.
Mozzoni said the decision was a matter of policy and was unrelated to local elections. "Election campaigns have not yet started," he emphasized. Two of Río Negro's five representatives in the Argentine congress are coming up for reelection in October this year.
The formal analysis of the Calcatreu EIS will continue even though Saiz has given advance notice of his decision and instructed Codema not to authorize the project, Mozzoni said. "We submitted a very comprehensive EIA to Codema and we are engaged in that formal process," according to Aquiline's Walter.
Aquiline plans to invest US$43.5mn at Calcatreu to produce 97,000oz/y of gold and 580,000oz/y of silver at average cash costs of US$191/oz over the first four of the seven-year mine life, according to the company.
The governor's decision has caused protests in the Ingeniero Jacobacci community, 80km north of Calcatreu, who have peacefully taken over the town hall. [Concejo Deliberante]
"We've worked hard to become an integral part of the community and gain a social license to operate the project," said Walter. Some 30 workers, 60-70% locals, live in Ingeniero Jacobacci, he said.
A meeting between local government officials and company workers was due to take place Tuesday evening (Jun 7) to discuss the motives for Saiz's decision and solutions to labor issues should Aquiline close its local operations, according to press reports.
Aquiline shares were down 4.07% in trading Tuesday at Cdn$1.18 on the Toronto venture exchange.
Source: Business News Americas (BNamericas.com)
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Die Bohrergebnisse ihres Eleonore Gebiets in Quebec sind sehr gut, doch ist die Aktie nahe ihrem Hoch ... Nur zur Erinnerung.
frrVirginia Gold finds 20.66 g/t Au over 12.05 metres
2005-06-09 08:41 ET - News Release
Mr. Andre Gaumond reports
VIRGINIA GOLD MINES INC./ELEONORE PROJECT-ROBERTO: 20.66 G/T AU / 12.05 M TO A DEPTH OF 550 M, EMERGENCE OF NEW GOLD-BEARING ZONES IN PERIPHERY
Virginia Gold Mines Inc. has released new details concerning its exploration program currently in progress on its wholly owned Eleonore property, located in the Opinaca area of James Bay. In total, 14 new holes (ELE-05-100C to ELE-05-113) tested the Roberto mineralized system. Furthermore, an exploration program testing other targets in periphery of the Roberto system yielded very interesting results that revealed the emergence of new gold-bearing zones on the property.
Depth extension
The vertical continuity of the Roberto zone was extended by 160 metres to a depth of 550 metres by hole ELE-05-113, which crosscut an intersection grading 20.66 grams per tonne Au over 12.05 metres. This intersection, the deepest one to date in the Roberto zone, is of great importance to Virginia since it confirms the persistence of high grades and good thicknesses at depth in the Roberto zone. This is also confirmed by hole ELE-05-112, which crosscut the Roberto zone to a vertical depth of 450 metres with an intersection grading 12.74 grams per tonne Au over nine metres. Hole ELE-05-105 also yielded very good results at depth, including 23.94 grams per tonne Au over 3.25 metres in the Mid-Roberto zone to a vertical depth of 430 metres, and 10.44 grams per tonne Au over 2.25 metres in the Roberto zone to a vertical depth of 475 metres.
The Roberto Est zone was also confirmed to a depth of approximately 450 metres and returned good results, including 51.91 grams per tonne Au over 2.4 metres (ELE-05-113), 3.39 grams per tonne Au over five metres (ELE-05-102) and 5.28 grams per tonne Au over two metres (ELE-05-105). Supplementary analysis also revealed the presence, in hole ELE-05-98 (previously announced) of the Roberto Est (FW) zone, of 13.98 grams per tonne Au over four metres to a vertical depth of 350 metres.
The Roberto mineralized system remains totally open at depth.
Southeast extension
Recent drilling extended the extension of the Roberto mineralized system by 50 metres to the southeast, up to line 67 plus 50 east (see surface plan on the company website) and demonstrated its vertical continuity to a depth of nearly 350 metres. Drilling tested the Roberto Est and Mid-Roberto zones on a tighter pattern and further confirmed the good continuity of these mineralized zones. The Roberto Est zone yielded several good intersections, notably:
4.3 grams per tonne Au over 19 metres (ELE-05-100C);
6.04 grams per tonne Au over 6.32 metres (ELE-05-101);
6.73 grams per tonne Au over five metres (ELE-05-103);
5.67 grams per tonne Au over 4.32 metres (ELE-05-104); and
6.35 grams per tonne Au over five metres (ELE-05-106).The Mid-Roberto zone also returned good results, including 14.08 grams per tonne Au over 3.05 metres and 11.51 grams per tonne Au over two metres (ELE-05-108), 6.19 grams per tonne Au over six metres (ELE-05-106), and 8.03 grams per tonne Au over 2.74 metres (ELE-05-104). The mineralized system maintains all its strength and remains open laterally and at depth.
Some holes targeting the southeast extension of the Roberto system also intersected a new mineralized zone of the same type, about 100 metres north of the Roberto Est zone. This new zone, called the Sud zone, was traced laterally over a distance of 150 metres and yielded results that included 4.85 grams per tonne Au over four metres (ELE-05-108), 3.1 grams per tonne Au over four metres (ELE-05-96) and 8.78 grams per tonne Au over 0.62 metre (ELE-05-99). The zone is open to the east and at depth.
Extension near the surface
Virginia took advantage of the spring thaw to complete the drilling pattern for the Roberto zone near the surface. Holes ELE-05-109 and ELE-05-110 both confirmed the Roberto zone at shallow depth with intersections grading 22.61 grams per tonne Au over 2.1 metres and 37.57 grams per tonne Au over two metres, respectively. Hole ELE-05-111 did not crosscut Roberto but intersected Roberto Est (FW), which graded 11.16 grams per tonne Au over 1.4 metres.
Peripheral exploration
Simultaneously with the drill program on Roberto, Roberto Est and Mid-Roberto, Virginia also conducted, in the fall of 2004 and winter of 2005, a program of mechanical stripping and drilling to test other geophysical, geological and geochemical targets in the periphery of the Roberto system. Although many of these targets were explained by barren sulphides, three areas yielded very encouraging results that indicate the emergence of additional gold-bearing zones on the property.
The most encouraging results come from the trench TR-20 area, located approximately 800 metres east-northeast of the Roberto system centre. This trench, which had yielded up to 0.81 gram per tonne Au over 37 metres in channel sampling in 2003, was extended in the fall of 2004 and a new channel located in its north extension graded 6.47 grams per tonne Au over six metres. Mineralization consists of finely disseminated sulphides (arsenopyrite-pyrrhotite), associated with quartz-tourmaline-actinolite veins and veinlets in a very altered wacke. Seven holes testing the mineralization at shallow depth crosscut large intersections very anomalous in gold and frequently including thinner intervals but with higher grades:
0.75 gram per tonne Au over 121 metres (including 0.95 gram per tonne Au over 68 metres) (ELR-04-04);
9.49 grams per tonne Au over three metres, 7.2 grams per tonne Au over one metre and 0.87 gram per tonne Au over 58 metres (ELR-04-05);
3.08 grams per tonne Au over 15 metres (including 32.18 grams per tonne Au over one metre), 3.97 grams per tonne Au over four metres and 6.45 grams per tonne Au over one metre (ELR-04-06);
0.85 gram per tonne Au over 71 metres (including 1.18 grams per tonne Au over 37 metres) and 1.1 grams per tonne Au over 11 metres (ELR-04-07);
2.66 grams per tonne Au over five metres and 1.28 grams per tonne Au over 94 metres (including 80.54 grams per tonne Au over one metre) (ELR-04-13);
0.98 gram per tonne Au over 27 metres and 0.86 gram per tonne Au over 57 metres (ELR-04-14); and
0.70 gram per tonne Au over 120 metres (including 5.31 grams per tonne Au over three metres as well as 1.11 grams per tonne Au over 23 metres) (ELR-04-18).This new gold-bearing area is open in all directions and hole ELR-04-17, testing an IP anomaly 250 metres northwest of the TR-03-20 trench, intersected two mineralized intervals grading 10.61 grams per tonne Au over one metre and 3.5 grams per tonne Au over two metres.
The second promising area is that of trench TR-11, about 500 metres to the southeast of trench TR-20. This trench had returned 2.42 grams per tonne Au over 5.25 metres in channel sampling in 2003. Hole ELR-04-08 that crosscut an intersection grading 4.01 grams per tonne Au over 12 metres, including 9.5 grams per tonne Au over four metres, is the only hole that tested this mineralization, which is of the same type as trench 20. It remains open in all directions.
A third area of interest was outlined by hole ELR-05-26 that was testing an IP anomaly 140 metres to the west of the Roberto zone. This hole intersected a mineralized zone of the Roberto type, which graded 1.3 grams per tonne Au over 14 metres, including 3.05 grams per tonne Au over two metres.
These results are very encouraging, as the Roberto system is now traced laterally over more than 1.2 kilometres to a vertical depth of 550 metres and remains totally open. Furthermore, work carried out in the periphery of the Roberto system indicates the emergence of new gold-bearing zones with very promising potential. Indeed, at least five new significant zones were outlined around the Roberto system since the beginning of the drilling in the fall of 2004, notably:
the Veine zone with 34.66 grams per tonne Au over 6.6 metres and 70.14 grams per tonne Au over 1.8 metres (see Stockwatch news dated Dec. 13, 2004);
the Mayapo zone with 8.44 grams per tonne Au over eight metres and 3.99 grams per tonne Au over nine metres (see Stockwatch news dated March 16, 2005);
the TR-20 area with 6.47 grams per tonne Au over six metres, 3.08 grams per tonne Au over 15 metres and 9.49 grams per tonne Au over three metres;
the TR-11 area with 2.42 grams per tonne Au over 5.25 metres and 4.01 grams per tonne Au over 12 metres (including 9.5 grams per tonne Au over four metres); and
the Sud zone with 4.85 grams per tonne Au over four metres and 3.1 grams per tonne Au over four metres.The development of one or many of these new zones could significantly increase the gold resources on the property. This is why, in June, Virginia will initiate a significant drill program (three drills) and mechanical stripping to accelerate the evaluation of the Roberto system and its peripheral zones.
Work is carried out by the personnel of Services Techniques Geonordic Inc. under the supervision of Paul Archer, the geological engineer. He is a qualified person (as defined by National Instrument 43-101) and has more than 20 years of experience in exploration.
In 2004, Virginia set up an analytical quality assurance program to control and assure the analytical quality of assays in its gold exploration. This program includes the systematic addition of blank samples and certified standards to each batch sample sent for analysis at commercial laboratories. Blank samples are used to check for possible contamination in laboratories while certified standards determine the analytical accuracy and precision.
Samples are sent for assaying to Laboratoire Expert Inc. in Rouyn-Noranda. Samples are assayed by fire-assay followed by atomic absorption or gravimetry according to industry standards. For each significant mineralized intersection, 10 per cent of the samples (one to two per intersection) are quarter split and the core is sent to a second certified laboratory. Furthermore, each pulp from the quarter split is returned to the first laboratory for a second gold analysis in order to cross-check the analytical reproducibility.
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"Here are the analyst's picks yesterday, I think I got them all. Overall, Virginia Gold seemed to be the talk of the conference, with IMA Exploration running a close second place. These are the only ones to get picked more than once:
Dorothy Atkinson's fav's
MBMI Resources ( laterite nickel, Philippines, I like this one too ) , Candente, Sangold ( I like all her picks )
Don's
Mentioned Pacific Northwest on a PGM question,
Picks were: Virginia, IMA Exploration ( where have I heard of this one??? hehehe ) and Western CelticJim Mustard's
Terra Copper, Mundoro, Western Prospector ( EGS picked at $0.07, recently 4 bucks, hehehe )
Graeme Currie
IMA Exploration, Virginia, Atna, Viceroy... For "Spec": Bear Creek."
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Y'know,I don't really care too much about the "tips" from US based newsletter writers no' mo.They have shown us repeatedly they can either be running a pump and dump,or,they are out of touch with the latest local action here in the Scam Capital.
Not so with Lou Paquette though,he's a highly ethical man who does excellent research.
...
Und die letzten News on Virginia sind etwa - "pleasing" oder auch "outstanding" Ergebnisse der jüngsten Explorations Bohrungen.
frr