Stocktube video
03/10/2012

Vatukoula Gold - working towards 100,000 oz gold a year

View full size
Additional Information
Market: AIM
Sector: General Mining - Gold
EPIC: VGM
Latest Price: 10.75p  (0,00%)
52-week High: 51.50p
52-week Low: 6.00p
Market Cap: 13.58M
1 year chart More charts
Deal VGM Tax Free*
*subject to change and depends on individual circumstances.
1 day chart More charts
Advertisement
Watchlist/Portfolio

Add to watchlist:

Only registered members can add into watchlist !

Register here !
Vatukoula Gold Mines
www.vatukoulagoldmines.com
Deal Vatukoula Gold Mines Tax Free* Losses can exceed
your initial deposit
*subject to change and depends on individual circumstances.

Vatukoula Gold Mines plc is an AIM quoted gold producer which focuses on its 100% owned Vatukoula Gold Mine in the Pacific Island of Fiji - a producing gold mine which contains 680,000 ounces of gold reserves and 4.3 million ounces of gold resources.

Pdf

Vatukoula Gold Mines hits new ore zone at its Fiji mine, shares up 10 per cent

October 12 2011, 8:17am Baron d’Este is the first new high-grade ore zone discovery at Vatukoula for more than 20 years

 

Vatukoula Gold Mines (LON:VGM) announced this morning that it had discovered a new ore zone at its gold mine in Fiji. Shares in the firm responded by putting on 9.9 per cent in early trading to hit 97.5 pence each.

The firm said that drilling intersected three new high-grade mineralised structures at the Vatukoula Gold Mine, which form part of the new ore zone – dubbed ‘Baron d’Este’. It also pointed out that this is the first new discovery of a high-grade ore zone at Vatukoula since the discovery of the Prince William ore zone in the 1980s.

The zone has been intersected between 300 and 700 metres below the surface. Significant composite intersections include: 124.7 grams of gold per tonne over 0.46 metres; 33.6 grams per tonne over 2.86 metres; 25.46 grams per tonne over 1.07 metres; and 39 grams per tonne over 0.48 metres. 

Meanwhile, the firm said that drilling is continuing to further define the extent of the new discovery.

“The discovery of the Baron d’Este ore zone is highly encouraging as it represents the first new high grade ore zone discovery at our Vatukoula site for over 20 years,” said David Paxton, Vatukoula’s chief executive officer. “The discovery also substantiates our belief that our Fiji operation has excellent potential to expand its current resource and reserve base with high grade ore zones. Because of the ease of access of this new ore zone, we believe this discovery will assist in increasing our long-term production profile.”


 

No investment advice

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person. You further understand that none of the information providers or their affiliates will advise you personally concerning the nature, potential, advisability, value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter.

You understand that the Site may contain opinions from time to time with regard to securities mentioned in other products, including company related products, and that those opinions may be different from those obtained by using another product related to the Company. You understand and agree that contributors may write about securities in which they or their firms have a position, and that they may trade such securities for their own account. In cases where the position is held at the time of publication and such position is known to the Company, appropriate disclosure is made. However, you understand and agree that at the time of any transaction that you make, one or more contributors may have a position in the securities written about. You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate.

From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.