With silver on its up, currently up around 20% from it's late...

With silver on its up, currently up around 20% from it's late June low of $26.32, now would be a great time to report that the high grade silver find at Monty has been extended along strike by the two stepout holes that we are are currently awaiting assay results for.

As a reminder, here's what BMB found in the holes that included the high grade silver hits.

The most significant intersection on the first hole was:
• 5.5m (181.5m to 187m) at 507.7 g/t silver, 4.01% zinc, 2.83% lead and 0.28% copper.
The first hole also returned:
• 5.5m (146.5m to 152m) at 17.8 g/t silver, 7.18% zinc, 4.71% lead, and 0.08% copper; and
• 11m (161m to 172m) at 14 g/t silver, 5.13% zinc, 3.44% lead, and 0.21% copper.

AND

• 8 metres (147m to 155m) at 129.7 g/t silver, 2.45% zinc, 1.50% lead and 0.29% copper which included 3 metres (147m to 150m) at 337 g/t silver, 4.05% zinc, 2.74% lead and 0.61% copper; and
• 18.5 metres (94.5m to 113m) at 14.0 g/t silver, 4.64% zinc, 3.67% lead and 0.29% copper.


With QE3 on the horizon, silver (and the other base metals in general) hopefully have only one way to go, and that's up in price.....