ECHO ECHo ECho Echo .......

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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ECHO ECHo ECho Echo .......

posted on Feb 27, 2008 07:55AM

I get back to work after a bit of jet lag and expect to find the board inundated with postings and boy is it quiet!!!!!

Gold solidly cracked $950 yesterday and has been hovering around $960 today. Silver is doing even better so things are looking pretty good on the value of the deposit.

It will be interesting to see how the deposit drills with the diamond drill. If the oxided portion drills well we should see and average of 80-100 meters per day on the first 500 meters and then slower after that. If the oxides are badly fractured the intial drilling may be much much slower.

Does anyone know how diamond drilling rate went at Penasquito?

Hopefully things are going great and we will see our first deep resulting in a couple of weeks. In the meantime lets hope for lots of RC results to feed the momentum on the SP.