Ann: La Victoria Exploration Update, page-28

yep...

Gold holding well and showed strengths at USA dollars $1285 per ounce....

Drilling news should not far and that is what ignite market...

Farm in to La Victoria is just the first step for EHX which intend to build a Resource Portfolio so there will be more acquisitions.

TA wise.....

@Ben2010

@Dazzle101

any TA updates?

i am planning to start a STT before Monday and i agree with@furniture that never knock back bargain and i am honestly thinking EHX will be 10c and above soon....

please check who are our neighbours:

These include the C$22.2 billion-capped Barrick Gold Corporation (TSE:ABX| NYSE: ABX) and its Lagunas Norte Mine. The mine is an open pit, crush and heap leach operation that hosts gold reserves of around 9.2 million ounces.

The $18.1 billion-capped Newmont Mining’s (NYSE:NEM|TSX:NMC) Yanacoocha Mine is also nearby, and within 50 kilometres of Trujillo, which has a population of 1.5 million inhabitants. Since 1993, Yanacoocha has produced more than 26 million ounces of gold, and hosts a reserve of 7.3 million ounces.

London-listed Fresnillo (LON:FRES) is another major producer in the region. The $11 billion company has reserves of 3.6 million ounces of gold as well as copper reserves.

The £15.5 billion-capped (AU$25.8BN) Anglo American Plc is another major miner operating nearby.

locations and huge potential:

The La Victoria Project situated slap bang in the middle of this major gold producing region amongst proven major gold miners. In fact, three existing producing mines are visible from the property.

This previously privately held project holds excellent potential for discovery — a large epithermal system has been identified at the extensive property — yet it has never been drilled.

New Directions.

EHX is now seeking to build a portfolio of quality mineral resource projects, focusing initially on base metals and gold. The proposed transaction with Eloro to explore the La Victoria Project is the first step in this new direction.

Big man

Mr O’Keefe is currently Executive Chairman of the ~$375 million capped Champion Iron Limited (ASX: CIA).

EHX would be hoping for a similar growth in market cap to CIA in the near future.

therefore, IMO:

let see we only get 1/4 of the value of the project, but, go check those majors 10s/20s billion MC and get a idea of what 1/4 of the total value would mean to EHX?

i agree it is still early stages and what our MC is now? there is 8000m drilling for Rufina first which have several hot spots drilling targets already...

And this La Victoria project was introduced by Mr O'keefee so we should trust his records and experiences...

thanks guys and have a good weekend..