The Gold Report
Notable Quotes
"ICG has closed a CA$2.5M flow-through placement." (12/24/15) Integra Gold Corp. - Thibaut Lepouttre, Caesars Report More >
"The exploration upside at MAG's Juanicipio project is substantial." (12/23/15) MAG Silver Corp. - Gwen Preston, Resource Maven More >
"AKG's management continues to deliver on its development milestones." (12/22/15) Asanko Gold Inc. - Nana Sangmuah, Clarus Securities More >
"We are initiating coverage on KDX with a Buy rating." (12/21/15) Klondex Mines Ltd. - Don Blyth, Paradigm Capital More >
"VIT's Eagle is a shovel-ready, fully permitted, prefinanced gold project." (12/17/15) Victoria Gold Corp. - Tom Hayes, Edison Investment Research More >
RV: There's Gold in Them Thar Hills
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321gold (05/13/2011)
"A year or so back, the guys at Full Metal Minerals contacted me and brought me into the picture with a new company they were associated with now named Revolution Resources. I really like FMM's management and projects. . .the company hasn't gotten traction but it's not because of either the people or the projects, it just hasn't gotten traction. Revolution, on the other hand, came out of the chute charging ahead. I'm going to make a funny prediction and it will be a year or two before we know who is right. Management at RV believes it has a series of evenly spaced pods of mineralization in seven mineralized zones already identified in North Carolina. I think the belt will be proven identical to the Abitibi Gold Belt and there will be new mines or deposits all along the belt not just in pods. RV's management didn't banter about with any numbers when I visited a week ago but, clearly, they think that this year's 20,000m drill program will identify a lot of gold. Revolution has completed a 5,000m phase II program and a 5,000m phase III program with assays pending. The reported results are barn burning. The latest results released show 104 meters of 1.27 g/t. The company has the second-largest land position and is sitting on $11M in cash. I have stated before, I think we have another 2008 coming and those who are the safest are those who are cashed up. Raising money could be almost impossible later this year but RV is well positioned. The company has identified seven attractive targets and is drilling the last five projects acquired this year; all the results I've seen indicate good potential for economic mineralization. With a $38M market cap, $11M in the hole and excellent management, Revolution Resources is well positioned for major discoveries in North Carolina." |
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