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 >
Rare Element Resources A 'Buy'
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Gold Newsletter
"Rare Element Resources (RES.V; C$0.67) plans a 1,000-meter drilling program this year to test initial drill targets for rare earth element (REE) mineralization at its Bear Lodge property in Wyoming. Drill-hole locations have been chosen to expand the historical rare-earth discoveries made by Hecla Mining Company and to provide additional material for metallurgical testing. But REE isn’t the reason we bought the company — the story of Bear Lodge as an analog to the Cripple Creek gold mine is the real reason we’re excited. A subsidiary of Newmont Mining Corporation is earning a 65% interest in gold and base metals (not the REEs and uranium) at Bear Lodge by spending $5 million on exploration. Drilling results from a late 2007 program included 9.1 meters averaging 1.18 g/t gold within 85.4 meters averaging 0.47 g/t gold. The first part of this year’s program, which will test several targets, includes geologic work, soil geochemical sampling and an induced polarization survey. This work started in June, and the partners hope to have an expanded exploration permit approved later this year that will allow for more drilling. Bear Lodge is a viable rare earth element project and will help establish a floor value for the stock, while the gold exploration story will take it higher. For both reasons, it remains a buy." (9/08) |
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Under SEC rules, analysts are required to disclose their interest in securities that they cover. We strongly encourage you to contact them to understand any potential conflicts of interest they may have.
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