dalmore

waiting on NR; van gold show next week too

Placer_foot

At current levels:


PLE's market cap is:

126,000,000 x 0.60 = $ 75,600,000.00 Cdn


75 million dollars!! Is the sky falling?....or is that the fat lady singing? ....either way....here's another perfect example of a dilution machine! No thanks.

pipedreamer

have not heard if they are drilling

rxtech

did anyone notice insider buying on jan 12, maybe some good new is around the corner especially with the gold show in vancouver coming up.

dalmore

told you,

Placer_foot

Hey buddy....


Your TA on PLE was bang on!!! Good one!!! I'm not big on apllying TA for anything on the tsx venture.... I'm strickly a VULTURE!!!!

But again.....good for you $$$$


....just watch one thing though : PLE has a TON of paper out there....don't get caught in a short-squeeze...(ouch)

dalmore

Wasn't TA here, was FA from a good source

Even today we could have got some @ 58

TA: they had a run to 1.20s and I think this could go back there predrill

I hear you on the market cap/shares (I trade gml which is similar); BUT it doesn't matter by itself at this stage, in relation to the prize and they may (may) have a big un here

"The size of the anomaly on line 14800E is enormous and although it is yet to be fully defined, it bears the signature of a large disseminated sulphides body," comments Guy Bedard, president."

I'm holding these just now until drill results. Don't wanna day trade another prospective ARU


Multimedia Release -- Plexmar Samples 128.5 g/t AU and 145.0 g/t AG On Bolsa Del Diablo
via COMTEX
SAINTE-FOY, Quebec, Jan 19, 2007 (PrimeNewswire via COMTEX News Network) --

Plexmar Resources Inc. (TSX-V:PLE) is pleased to report recent exploration results from the Bolsa del Diablo project located in northern Peru adjacent with the Ecuador border.

The Reduced Polarization Program results chart is available at PrimeNewswire

On Bolsa del Diablo, exploration work has resumed after a 3 week break for the holidays. The induced polarization program is still on-going. Because of the size of the area being covered by the ground geophysics, a second transmitter is being added to accelerate the data acquisition process in order to locate drilling targets.

On IP line 14800E which is 3.3 km long, a section of elevated chargeability measuring at least 1.5 km wide is present. In general, the data indicates that the higher chargeabilities are located at depth greater than 50 meters. The chargeability-resistivity relationship is consistent with disseminated sulphide signatures, and Plexmar believes that it is related to an alteration system responsible for the gold mineralization found on the property. However there is a 200 meters long section where the elevated chargeabilities are shallower than 50 meters where numerous gold rich veins are present and on strike with the adjacent Principal Vein. This Principal Vein is the longest know vein on the property and is a major source of gold for the artisan miners in the area. The IP line 14800E section can be found attached to this press release and on plexmar

"The size of the anomaly on line 14800E is enormous and although it is yet to be fully defined, it bears the signature of a large disseminated sulphides body," comments Guy Bedard, president.

As soon as the IP survey is completed, Company's geologists will have all the data available to isolate the best drill targets. The IP program is finally expected to be completed by the end of February and the drilling program will start soon after.

For the past months, geological crews have been busy doing a geochemical soil and PIMA surveys in order to produce detailed alteration and mineral distribution maps. These maps will be available shortly and displayed on the website.

Tabulated below are sampling results carried out on newly found vein type structures or altered volcanics. These new informal workings are mostly located in the northern section of the Angolos concession some 1 to 1.2 km northwest of the principal vein where most of the informal workings are located.

VEINS

Over 125 samples were taken in high grade veins measuring 0.15m to 1.0m wide with lengths yet to be defined. Tabulated below are some of the best samples.Channel samples cover a 2m horizontal length of the vein.


Sample No. Au g/t Ag g/t Type Comments
---------- ------ ------ ------- ------------------------------
PBD-095VN 128.5 125.0 channel Qtz filled vein with limonite,
hematite, massive qtz, sericite
and lots of oxide.
PBD-121-VN 99.6 19.3 channel Qtz filled vein with goethite,
hematite, massive qtz, sericite
and fractures filled with
oxides
PBD-082A-VN 97.7 18.2 channel Qtz filled vein with goethite,
hematite, massive sericite and
fractures filled with oxides
PBD-070C-VN 82.2 192.0 channel Qtz filled vein with goethite,
hematite, limonite sericite and
fractures filled with oxides
PBD-070AVN 71.9 33.0 channel Qtz filled vein with goethite,
hematite, limonite sericite
and fractures filled with
oxides
PBD-082-VN 59.2 9.3 channel Qtz filled vein with goethite,
hematite, massive qtz,
fractures filled with oxides
PBD-095B-VN 49.3 17.3 channel Qtz filled vein with goethite,
hematite, massive qtz,
fractures filled with oxides
PBD-071-VN 48.8 17.8 channel Qtz filled vein with goethite,
hematite, limonite sericite and
fractures filled with oxides
PBD-081A-VN 45.7 142.0 channel Qtz filled vein with goethite,
hematite, massive qtz,
fractures filled with oxides
PBD-062A-VN 45.0 15.9 channel Qtz filled vein with sericite,
veinlets with oxydes
PBD-081-VN 44.5 95.6 channel Qtz filled vein with goethite,
hematite, massive qtz,
fractures filled with oxides
PBD-070B-VN 43.1 87.1 channel Qtz filled vein with goethite,
hematite, massive qtz,
fractures filled with oxides
PBD-091B-VN 40.7 62.3 compos. Qtz filled vein with goethite,
hematite, massive qtz,
fractures filled with oxides
PBD-081B-VN 36.9 56.0 channel Qtz filled vein with goethite,
hematite, massive qtz,
fractures filled with oxides
PBD-092A-VN 22.7 14.5 channel Qtz filled vein with oxides,
goethite, hematite, silica
PBD-091A-VN 21.8 70.2 compos. Qtz filled vein with oxides,
goethite, hematite, silica
PBD-122-VN 21.3 40.3 channel Qtz filled vein with limonite,
hematite, massive sericite

VOLCANICS

Some 25 samples were taken in the altered volcanic rocks. Samples returned up to 21.0 g/t Au. Below are some of the best samples


Sample No. Au g/t Ag g/t Type Comments
---------- ------ ------ ----- -----------------------------
PBD-090-RX 21.1 145.0 chip red yellowish volcanic rock
with qtz veinlets, stockwork
PBD-093-RX 9.41 80.7 channel shear zone. Volcanic rocks
argilitized
PBD-088-RX 3.73 4.2 channel red volcanics, fractures filled
with oxides
PBD-095-RX 0.57 4.1 channel red volcanic rock argilitized
with qtz and fractures filled
with FeOH

Two trenches are currently being dug and sampled. They both measure 350m long with dimensions of 1m deep x 1m wide. Samples will be taken very 2 meters. One trench is located on the Santa Rosa de Suyo and the Julia Elena Primera concessiona where silica caps and phallic alterations have been located. Results will be communicated as soon as they become available.

All samples are analyzed by ALS Chemex in Lima. M. Martin St-Pierre acted as the consulting geophysicist and M. Guy Bedard acted as the Q.P. for the preparation of this release.

On Bolsa del Diablo

Plexmar controls over 220 km2 of land in Northern Peru near the border with Ecuador. Over 400 artisan miners are pulling gold on a daily basis from trenches or pits located in an area measuring approximately 6km2 roughly centered within Plexmar's main claim block. The zone is characterized by low to intense silica and clay hydrothermal alteration. All the volcanic rocks in the area of interest show pervasive argillic alteration and have developed very intense stockwork structures. Gold mineralization occurs partly as fracture fillings in the stockwork and also as dissemination throughout the rock. Limonitization is pervasive throughout the rock. This intense stockwork was observed in numerous places on the property.