Well that was a strong day and given the excellent drilling results there should be more to come. The wall at 1.5 cents has fallen and VAL should be able to get to 3.8 cents by the end of the week if this keeps this up.
There are more drilling results to come and the re-assays of those out of range Silver results should be reported soon.
The drilling so far is returning excellent silver results and is going to ensure that the resource calculation can be revised upwards. The high grade silver zone of the Berenguela project is currently being targeted for drilling and the results look promising so far, probably even surpassing Silver Standard's expectations of the project.
For the geologists amongst us, here are some maps of the area.
The geology of the area means that VAL are looking in the right place.
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- Ann: Further Drill Results at Berenguela
Ann: Further Drill Results at Berenguela, page-48
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