DESCRIPTION: Esperanza Resources is an emerging precious metals producer committed to the development of its two late-stage projects. Since startup in 2002, its geologists have discovered two exceptional gold projects: San Luis, a joint venture in Peru and the 100%-owned Cerro Jumil in Mexico.
Listen to SmallCaps.us interview CEO Bill Pincus (6/24/10)
The information provided below is based on the most recent information we have received from analysts, newsletters and other contributors to Streetwise Reports' The Gold Report or The Energy Report. We encourage you to visit the company's web site and call the company for more specifics on this company before you decide to invest.
"Final results from Cerro Jumil 2010 drill campaign included 9,500 meters in 74 drill holes and was aimed at updating the resource estimate later this year and advancing the project to the full feasibility stage. Drill results highlights include the following: RCHE-10-139A: intercepts include 40.5m containing 1.7 g/t gold (from near-surface), including a 9.0m interval containing 4.5 g/t gold (from 10.5m); RCHE-10-171: 28.5m containing 1.5 g/t gold (from surface); RCHE-10-170: 82.5m containing 1.0 g/t gold (from 13.5m).
The company has also started metallurgical studies-column tests to determine heap-leach recoveries for materials of various sizes, including run-of-mine (ROM) uncrushed rock. EPZ plans to complete geotechnical analysis, environmental data collection and other pertinent work in 2010 to expedite completion of its feasibility study."
David Morgan, Morgan Report
(07/06/10)
"Esperanza has been a long-time favorite ours. . .well financed and proven record of discovering precious metal deposits. Presently, EPZ has a JV on its San Luis Project, where Silver Standard can earn up to 80% by taking the project to production. . .this is a project with a small, but rather high-grade, gold resource. In Mexico, the company is pushing forward its Cerro Jumil Project. Between the two projects, Esperanza could finish the year with some 2.0+ Moz. in gold resources, both with robust economics."
The Gold Report Interview with Adrian Day (06/11/10)
"At the recent gold show, Esperanza Silver Corp. had a new slogan, something like 'We went looking for silver, but we found gold.' That's been true on their two main properties—San Luis, which is a JV property in Peru with Silver Standard Resources Inc., and also on their 100%-owned Jumil property in Mexico. They thought both of those were silver properties, but they turned out to be primarily gold.
The key to Esperanza in the near term is what Silver Standard is going to do on San Luis. They just released the feasibility study; it's a small project, but very simple with a very high return. Silver Standard owns 70% of the project and has various options. One is to keep it at 70% and Esperanza would have 30%; one is to raise it to 80% and carry Esperanza; and the other would be to negotiate to buy the entire property. That's where the value comes in and the potential move for Esperanza. Frankly, any one of those three would be a good result. . .I suspect there will probably be some pretty hard negotiating. In the meantime, it's a good property, good balance sheet, people and assets."
View Entire Article: Adrian Day: Buy Gold Bullion, Royalties and Juniors
Eric Coffin, HRA Dispatch
(05/17/10)
"Esperanza Silver has been one of the steadier trades this month thanks to a string of good drill results from the Cerro Jumil. EPZ released an update on its early stage work on a number of projects in Mexico. While most of the results were very early stage it did serve to remind that the company has many projects in the pipeline. Esperanza also announced that JV partner Silver Standard (SSO-T) had delivered a feasibility study on the San Luis project in Peru where SSO is earning a 70% interest. EPZ did not have the time to study the report and hasn't done more than comment on its arrival. Based on SSO's release San Luis would be a short-life, high-grade underground mine. The NPV at current gold/silver prices is good if not spectacular. Silver Standard has 3–6 months to decide if it will put San Luis into production. While this project has been speculated as a trigger for a takeover by SSO but that seems unlikely unless given the project value. Cerro Jumil and the Mexican project pipeline is our main reason for following EPZ and it continues to have upside potential based on further resource growth at Jumil or discoveries elsewhere."
David Coffin, HRA Journal
(05/06/10)
"Esperanza Silver shares have been improving consistently for several months, with a couple of spikes on news thrown in. The revival is thanks to favorable results from a number of 100%-owned projects, particularly the Cerro Jumil project in Mexico.
EPZ released another large batch of drill results from Cerro Jumil, which included highlight holes 151 with 93 meters at 1.8 g/t gold, and 142 with 24 meters grading 2.04 g/t gold. All of the drilling this program [h]as been in the Calabazas area which is not included in the existing 1.08 Moz. resource. Obviously, the resource is going to increase and, [because] several of the good holes have been near surface, the economics of the resource could improve too. EPZ also announced early stage results from several projects in Peru it is advancing, most of them 100% owned. . .The market likes precious metals explorers with ounces in hand, and Esperanza has demonstrated the ability to add value to projects. We expect the renewed interest to continue though we suspect that the 'silver' in the company name makes the price more volatile, like the silver price itself. It remains a good target for accumulation on weakness as new results are awaited."
Listen to SmallCaps.us interview CEO Bill Pincus (6/24/10)
PRINT THIS PAGE
EMAIL THIS PAGE
