Significant gold resource - Excellent infrastructure

Camino Rojo Mexico : In-situ - 4.0 million ounces gold; 68.32 million ounces of silver.

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Message: New Canplats Web Site - Take a Look

New Canplats Web Site - Take a Look

posted on Feb 13, 2008 02:08PM

Well, it is new... not quite as exciting as a real Press Release!!!

www.canplats.com

It will be interesting to see the direction of this exploration drilling. There are a few spots to drill where results would be very good, then there is the job of finding out where the lateral limits of the deposit are, which means poor assays when those holes are drilled.

In an epithermal system like this it is nice to see a higher grade "core", look at CR-6. The drilling is so widely spaced that I expect to see more of these higher grades around CR-1, CR-6, an extended CR-4 would be nice too.

To look at the drill sections, S-N looks like they have bracketed the higher grade core of the deposit, drilling around and away from the best results. So many ways to get positive results that would boost share price in the short-term. Be prepared for some less than stellar results if the company wants to see how far the lateral limits of the deposit extend. On the E-W section ALL holes have a nice bulk-mineable grade, WITHOUT tapping the higher-grade zone (my opinion). This deposit has yet to be "discovered". I bought more today.

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