VG:CA announced results today, including a significant new hole from the Paymaster West Property located in Timmins. The intersection returned 18.8 g/t gold over 8 meters, including 89.3 g/t gold over 1.60 m. The Paymaster West Project is situated next to Goldcorp’s Dome Mine, which has produced 17 million ounces of gold.
In addition to the Paymaster Project, VG Gold has one drill operating at the neighboring Buffalo Ankerite Mine property. It has the option to earn a 60% interest in the Paymaster West Property from Goldcorp by making $6 million in exploration expenditures by June 2012.
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Tom Meredith ,