Update: Buccaneer Latest Results

Hi There,

Further results from Buccaneer have some excellent numbers including some higher grades such as 125m @ 1.27g/t gold including 29m @ 3.96g/t gold. These results are the pre-collars to diamond core holes and include our deepest hole ever at 800 metres depth (400m RC pre-collar with 400m diamond core tail pending assay).  

I was up at the Twin Bonanza Camp last week where the crew remains working very hard through adversity in the build up to the wet season. We are completing a hole every day and currently focusing on the “C2C” trend attempting to link the Cypress Discovery (26m @ 5.5g/t gold) to the Caribbean Zone (36m @ 2.06g/t gold) along the western margin of the porphyry intrusion, as well as the south eastern extensions to the Buccaneer Porphyry. Assaying is progressing through the lab, so expect further news soon and throughout November, December and likely into January.  

Additionally, the trenching at Old Pirate High Grade  is progressing very well. We reviewed some of the areas where we recently released the spectacular trench results and discovered some nice visible gold in quartz veins.

Should you required any further information please do not hesitate to contact me.

Regards,

Darren

Published: 24th October 2011