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 >
A Russian Mutant and Member of the X-Men
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NICHOLAS CAMPBELL, Canaccord Genuity
(02/12/2009)
Colossus released initial rhodium and iridium assay results from its 75%-owned Serra Pelada gold/PGM project in Brazil. The highlight interval reported by the company was Hole FD-072, which returned a 7.88m interval grading 406.4 g/t gold, 98.4 g/t Platinum, 115.7 g/t Palladium, 2.74 g/t Rhodium and 1.52 g/t. As spot prices, this is a 7.90m interval grading 547.6 g/t AuEq. CSI reported rhodium grades of between 0.2 g/t and 7.7 g/t with iridium grades of between 0.1 g/t and 4.9 g/t. Prior to this release, there have been no public rhodium and iridium assay results available from Serra Pelada. We have begun to see M&A activity increase in 2009 and, given the significant equity issues that have been completed by many senior and intermediate precious metal companies, we believe that another wave of M&A is likely in 2009. The unique high-grade nature of the Serra Pelada gold/PGM project should attract interest from several potential suitors. Canaccord Adams Metals & Mining Analyst Nicholas Campbell believes that Colossus is a high-priority acquisition target. |
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