TODAY'S DISCOVERY, TOMORROW'S FUTURE

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Message: Re: NEWS
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Dec 17, 2010 09:59AM
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Dec 17, 2010 11:00AM
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Dec 17, 2010 11:12AM

Dec 17, 2010 11:30AM

The highlights show better intercept lengths and grades than Milestone and none of it was counted n the 1.6 million oz Magino resource estimate. The article posted by bill40 suggests a new schedule for the next resource estimate release plus a number of other important dates:

- preliminary economic assessment (PEA) by February 2011 to establish the economic viability of open pit mining. The study will also include a new resource estimate based on using existing drill assays to assess the open pit potential of the project

- a pre-feasibility study which will incorporate drilling results and a new resource estimate by April/May 2011.

-A fully bankable feasibility study could then be prepared for the first quarter of 2012

It's looking good.

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