VCS Mining
Morne Bossa
Update 4/30/2011
This permitted area is VCS Mining's flagship property and the most significant achievement to date. VCS has a 100% option interest in this property which 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, under certain conditions, may be extended. It is only a few minutes drive to the Minister of Mines new office being constructed to service the northern district.
VCS is currently focused on the Morne Bossa ("MB") property, which the Company believes may contain a significant resource with average grades between 2 and 3 grams per tonne gold both oxide and sulfide. This is based on past drilling that intersected near-surface, oxide gold mineralization. Drill hole MB-14 intersected 76 meters averaging 3.68 grams/tonne, drill hole MB-18 intersected 9 meters averaging 9.23 grams/tonne, and drill hole MB-19 intersected 61 meters averaging 6.24 grams/tonne. The principal mineralized oxide zone is described as being approximately 350 meters long in an east-north-easterly direction with a width of about 130 meters and an average thickness of about 45 meters. Recent drilling performed and reported by VCS, the vendor, is said to have intercepted 25 meters averaging 2.93 grams/tonne (VCS10-001) and 29 meters averaging 2.68 grams/tonne (VCS10-005).
The MB property may be comparable to the Gran Bois deposit being explored by Newmont/Eurasian Minerals approximately 20 kilometers to the west, and to the Pueblo Viejo deposit being developed by the Barrick Corporation in the Dominican Republic, 225 kilometers to the southeast. The Company believes that the MB deposit may contain a gold deposit with average grades better than 2 grams per tonne. Metallurgical studies indicate that mineralized material can be processed with recoveries between 70% and 91% depending on the cyanidization technique chosen. Silver recoveries vary from 15% through 42%.
Morne-Bossa 43-101 Technical Report Completed
A recent 43-101 Technical Report has been completed on Morne Bossa
To obtain a copy of this report, Click Here
Recent work: a total of 9 diamonds holes, including two twin holes were conducted early 2011 confirming the existance and value of current discovered Ore Body. Including Measured oxide and sulfide.
" According to VCS Mining, Inc. Recent NI-43-101 Report on April 30, 2011" the independent measured of Gold is 380,538 ounces of at a 0.30 Cut-off grades at an average of 1.390 G/t.
Oxide = 153,300 ounces
sulfide = 226,538 ounces at the same cut-off Grade; more exploration underway to increase the value of sulfide.
Note: only 350 Meters of the 50 Km2 has been worked on. Significant exploration program require to prove out the property.
Confirmation of prior work
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Total drill holes completed: 51 holes/3253 m
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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
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5 diamond drill holes for 372.9 m
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Confirmation of the previous drill results
Development Plan Morne-Bossa
Current Phase
Completed confirmation drilling and production plan during Q1 2011
Commercialize reserves already discovered by Q2 2011
Production of reserves will fund the second phase of the plan
Phase II
Increase proven reserves on permitted area through additional drilling.
Consider development of significant, and not fully known, sulfide reserves.
Surplus reserves can be developed without obtaining further permits for commercial activity at the site.
VCS Intends to complete this plan at Morne Bossa and establish the ability to move other permitted properties into commercial production. This project will develop VCS' production competencies and provide resources to help explore and commercialize eight other permitted sites.
