DESCRIPTION: Pediment Gold Corp. is developing the San Antonio gold project in Mexico, which hosts a measured and indicated resource of 1.53 Moz. of gold and an inferred resource of 111 Koz. of gold. In August 2010, the company announced a positive preliminary assessment for the San Antonio project, demonstrating robust financial returns. A 43-101 compliant resource has also been established at the La Colorada gold mine project. The company has a treasury of $10 million, no debt and a solid and highly experienced management team and board of directors.
Listen to Pediment President Gary Freeman discuss the latest drill results with Al Korelin (8/12/10)
Listen to Resource Stock Digest interview with Pediment Gold (7/9/10)
Listen to Al Korelin, Roger Weigand, and Del Steiner discuss Pediment (6/28/10)
Listen to Mickey Fulp discuss Pediment on Resource Stock Digest.(4/22/10)
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.
"I have quite a few changes to the TOP 10 this month. First, Pediment Gold moves up to the number three position as the news starts to come on assays re¬lated to the summer drill program at the Baja property. The latest news is very exciting and tells me we may have a 2.5 Moz. 43-101 resource calculation this fall. As I have said in the past, as soon as PEZ gets back to work on the Baja, good things were going to happen. They are. . .the intermediate zone is connecting the two primary zones from our original discovery and is making the engi¬neering case that instead of two open pits to mine this mineralization, we may now have one big super pit. This will definitely attract the attention of other gold producers and prompt offers from other companies to possibly take out PEZ."
Haytham Hodaly, Salman Partners Inc.
(08/26/10)
"Pediment Gold reported initial results from its 40,000-meter drill program currently underway at its San Antonio gold project in Mexico. . .Highlight holes include:
Hole 10PLRC-198: 155.45 meters @ 1.09 g/t Au;
Hole 10PLRC-203: 47.24 meters @ 1.49 g/t Au; and
Hole 10PLRC-204: 41.15 meters @ 1.43 g/t Au.
Significant intercepts. . .have the potential to add ounces to the current resource. . .The company intends to continue drill testing along the 600-meter trend. Highlight holes of the drilling thus far include:
Hole 10PLRC-172: 44.20 meters @ 1.16 g/t Au;
Hole 10PLRC-175: 53.34 meters @ 1.18 g/t Au; and
Hole 10PLRC-177: 36.58 meters @ 2.73 g/t Au.
The three zones have a combined strike length of more than 2,000 meters and are now identified as one continuous area of mineralization. . .we note that the drill results show potential for further resource expansion in what is viewed as a very mining-friendly locale."
Roger Wiegand, Trader Tracks
(08/13/10)
"AMEC has developed a conventional open-pit mine plan for San Antonio and established a mine schedule for an 11,000 tpd gold heap-leach project. The ultimate pit includes 112 Mts. of material, including 31.1 Mts. ore and 80.9 Mts. Waste.
The location fits our criteria being in Northern Mexico, the company has over $12MM in cash and receivables and we've had an excellent meeting with President and CEO Gary Freeman, persuading us management is top drawer. These are 'must have' ingredients for success in these types of markets. We are convinced Pediment will be one of the junior exploration miners to receive a very warm welcome in the markets during the forthcoming gold rallies. Our stock shares' projections are: C$1.50–$1.75 during the fall of 2010, as a minimum. On or before a projected gold market peaking cycle in April, 2011, we predict the share price to be C$2.50–$3.50, with an opportunity for higher moves based on international global credit disruptions over the next eight months."
The Gold Report Interview with Mickey Fulp (07/16/10)
"Shares of PEZ have been hit in the market, but the aggressive drill program now underway should change all that. . .I expect this round of drilling will be very successful for Pediment and get them back on track as ounces at the Baja project continue to increase.
. . .In my opinion, the new 43-101 resource calculation that comes from this drilling will put PEZ back in portfolios of key fund managers throughout the world. PEZ is the real deal and will increase in stature as a buy-out candidate as the ounces continue to build.
This summer, before results come out, would be a good time to add or build positions in the company.
Listen to Pediment President Gary Freeman discuss the latest drill results with Al Korelin (8/12/10)
Listen to Mickey Fulp discuss Pediment on Resource Stock Digest.(4/22/10)
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