Developing The Highly Acclaimed Coringa Property in Brazil
High Grade Gold Of 28.80 g/t Au, with 95.50 g/t Ag, 3.51% Pb and 0.66% Zn Intersected over 1.0 m at Coringa
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Message: Management Changes

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Re: Management Changes

in response to Re: Management Changes by fish02
posted on Feb 20, 08 04:33AM

Hey fish02, how are you doing? To be quite honest, haven't seen you post on this board too much so I didn't even know you were a shareholder.

Anyway, I think it will be difficult to move higher without the 43-101. The market wants to see a defined zone - and know there's enough mineralization there to make a mine economically viable. Right now, we can definite say we have a long gold vein structure extending over 15km, we can say nearby there's a operating gold mine with over 1M oz deposit, we can say we have found numerous high grade gold targets at Coringa; but can we say we have a zone that extends at depth that is economically viable for production? I think we can but I'm not 100% positive. That's why the market wants to see the zone defined, and what kind of concentrations lie at depth. It won't be as attractive if the zone is all at surface spread out over 15 km. 

La Yegua also has the potential to move us higher, although new copper discoveries are not setting the world on for other juniors share prices.La Yegua however, has the ptential to be a huge copper/moly find, and finding something similar to Las Chacas 30km away will definitelymove the SP significantly higher. It all depends how big the find there is.

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Executive Address

Chi-gendall-bc
Ian Gendall
President & Director
February 25, 2008

The following broadcast is an Executive Address conducted with Chapleau Resources President & Director, Mr. Ian Gendall

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