New Hot Gold Play

I have been tracking MetalCorp and their drill program. The latest results should be available soon. Some companies in this region are sitting on millions of ounces of gold. This is their latest news release.

MetalCORP Reports Drill Results of up to 19.7 g/t Au and 11.4 g/t Au as Drilling Continues
11/11/2010 10:28:19 AM - Market Wire

19 of first 20 holes reporting. Silver grades of up to 388 g/t and Zinc of up to 4.3% also encountered. Second phase of drilling planned on what appears to be a precious metals-enriched VMS-style mineralizing system

THUNDER BAY, ONTARIO, Nov 11, 2010 (MARKETWIRE via COMTEX News Network) --
MetalCorp Limited ("MetalCorp" or the "Company")(TSX VENTURE: MTC) is pleased to announce that ongoing drilling at its 100%-owned Gouda Lake Zone continues to yield very positive results.
With the first phase of drilling nearing completion, assays have been received for 19 of the first 20 holes in a 30-hole program. Work completed to date has given MetalCorp insights into the nature of the mineralizing system, and has returned a number of excellent intersections centered on a gently northerly plunging zone.
"Through this, our first drill campaign at Gouda, we have come to the conclusion that the mineralizing system is a VMS-style system, with very significant gold and silver content combined with some significant base metal grades, " stated Chris Dougherty, President of MetalCorp.
"The best intersection in this group of assays is a 1.2 meter interval in hole 20 which returned 19.7 g/t Au, 155 g/t Ag, and 1.05% Zn, and the mineralized zone in that hole has a true width of over 4 meters. However, we also have intersections of over one meter which returned 11.4 g/t and 9.2 g/t, as well as silver intersections of up to 388 g/t over 0.8 meters, and zinc assays as high as 4.34%." Dougherty stated.
The mineralized zone has been intersected in every hole in the campaign and has been tested for over 500 meters along strike and over 200 meters down-dip. Gold intersections in the thicker and higher-grade "core zone" that MetalCorp has been tracing northerly average 4.65 g/t gold, 129 g/t silver, with 0.84% zinc across 5.6 meters true width.The core of the mineralized zone remains open along strike and at depth and, when all results have been returned and analyzed, MetalCorp plans to undertake a second phase of drilling this coming winter.