Gold / Dolly Varden

Description

Located just 75 miles south of the Victoria Mine and the Dolly Varden properties is Quadra Mining Co.’s huge Robinson mine which in 2005, produced 126 million lbs. copper and 81,000 oz gold at grades of 0.6% Cu and 0.25 g/t Au.
100 miles to the east is the world’s third largest mine and the largest copper/gold mine in the United States at Bingham Canyon in neighboring Utah which has produced more than 16 million tonnes of copper since operations began in 1904.

It is worth mentioning that both the Robinson and Bingham mines are profitably mining grades of 0.6% copper which is the copper grade discovered in over 75 feet of core at GWV’s Dolly Varden property while the Victoria Mine has proven grades of more than 2% copper. Clearly, this region is host to large economic deposits.

GWV has completed 15 holes in Phase One of their ongoing exploration program at the Dolly Varden Copper/Gold properties. The Phase One program intersected significant Copper mineralization in every hole in an area covering approx. 5 sq. km. In the very first ‘discovery hole’ drilled on the property in Dec 2006 an intersection of 75 feet of .66% Copper was encountered.

GWV’s Dolly Varden property revealed surface samples of up to:
• Copper – 9.34 per cent
• Gold – 4.27g/t
• Silver – 33.57 ounces per tonne
• Zinc – 20.2 per cent
• Molybdenum – 0.135%
• Uranium – 0.19%

A Porphyry system has been suggested as the host body for the discovery, the source of which is the focus of exploration efforts currently ongoing at the Dolly Varden area properties by GWV and two other companies.

A second phase of drilling is planned at Dolly Varden for spring/summer of 2008 to follow up on the excellent results achieved through the first phase of drilling.

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