Patagonia Gold Corp press release
AllPennyStocks.com Announces Corporate Write-Up on Vatic Ventures Corp. (TSX-Venture:VCV)
TSXV - TSX Venture Exchange · Gold · Silver · Arsenic · Antimony · Canada
MISSISSAUGA, ON., June 6, 2012 -- AllPennyStocks.com Media, Inc. (http://www.AllPennyStocks.com), a leading penny stock / small-cap information site, released its latest spotlight company Vatic Ventures Corp. (TSX-Venture:VCV).
Vatic Ventures Corp. is a junior exploration company developing high yield precious metal projects throughout North America. In just over a year, Vatic has made three substantial acquisitions: the BM property in Vancouver was acquired in January 2011; the La Silla West property in Mexico in April 2011 and the La Silla property in Mexico in April 2012. Course gold findings in the Spences Bridge Gold Belt in the mid-1800’s initiated the Gold Rush in British Columbia. More recently, Fairfield Gold produced 51,500 ounces of gold at 97 g/t (3 o/t) from test pit and underground decline in 1992-1995 at its Elk Gold property outside of Merritt. Vatic’s BM property lies in this same gold belt. Based on the acquisitions and the historic work done on its properties, leading analyst firm eResearch has issued a “Speculative Buy” rating on Vatic with a $0.48 price target for July 2013.
The 29,000 hectares that comprise La Silla West are part of the Trans Mexican Volcanic Belt, which hosts numerous world class gold and silver deposits such as the San Dimas Mine of Primero Gold , 75 kilometres to the east, and the Cienega mine of Fresnillo, 115 kilometres to the northeast. In 2010, neighboring Arianne’s El Rey property reported drill results of 28.35 g/t gold and 245.78 g/t silver over 3.5 metres. In April 2012, Vatic acquired rights to the La Silla claims, comprising 14,427 hectares - which surround the Vatic’s La Silla West property; bringing the total Vatic-owned land area in the region to around 43,000 hectares. Drilling and previous mining have historically been conducted with a 2006 resource estimate showing the property to host 260,000 ounces of gold and 3,045,000 ounces of silver in the Inferred category.
A complete V.VCV profile can be viewed at: http://www.allpennystocks.com/aps_ca/company_spotlights/archives/vcv.asp
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Note: AllPennyStocks.com has been compensated seven thousand five hundred dollars by the Company for its efforts in presenting the V.VCV profile on its web site and distributing it to its database of subscribers as well as other services. A full disclaimer on V.VCV can be found at: http://www.allpennystocks.com/aps_ca/company_spotlights/archives/vcv.asp.