VCS Mining
Morne Bossa
Update 05/17/2010
Haiti is becoming a golden opportunity for VCS Mining with our flagship property being the most significant achievement to date. We have a 100% interest in our most recent acquisition that already has a Convention Agreement signed and granted by the Haitian government. Located in the north-east, it is only 24 kilometers outside of Cap Haitian, the second largest city in the country. It has a land coverage area of 50 km2 and may possibly be extended. It is only a few minutes drive on well paved roads to the Minister of Mines new office being constructed to service the northern district.
Plans for this property are three 600 meter drill holes, is to complete the final NI 43-101 compliant report necessary to verify the location of the vein from existing geological reports, many of which were created by the United Nations Development Program in the 1970's and 1980's. Geologists have confirmed this to be a prime opportunity for an open pit, vat leach mine.
Morne-Bossa
Sampling and mapping of historic reserves completed (Oct. 08)
Confirmation of prior work
• Total drill holes completed: 51 holes/3253 m
• Resources proven from surface analysis:
• 2.475 Mmt @ 2.26 g/t Au = 180,000/oz Au
• @ 15 g/t Ag = 1.1 million/oz Au
1977- 84 United Nations/Pennarroya
• 46 diamond drill holes for a total of 2880 m
• Mapping, prospecting, pitting, rock geochemistry and ground geophysics.
1997 - KWG Resources
• 5 diamond drill holes for 372.9 m
• Confirmation of the previous drill results
Development Plan Morne-Bossa
Phase I
• Commercialize reserves already discovered
• Production of known reserves should generate monthly cash flow of 3.4 Million
Phase II
• Increase proven reserves through additional drilling program
• Oxidize sector may contain additional reserves of up to 1 Million ounces of gold /silver and copper
• Surplus reserves can be developed without obtaining further permits
