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 >
New Resource Estimates from SilverCrest
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The Mining Speculator (02/18/2009)
"Shares of SilverCrest have solidified this past month more than tripling from the horrid bottom we saw end of last year. Most of this move upward was due to the new 43-101 that came out in mid-January and higher silver prices. The new resource estimate showed an increase of 150% in contained gold ounces in indicated resources and a decrease of 4.6% in contained gold ounces in inferred resources compared to the resource esti¬mates announced June 26, 2008. Contained ounces of silver in Indicated Resources increased by 172 % and contained silver ounces in Inferred Resources increased 4.8%. The new estimates are based on a total of 98 core holes (15,791 meters), 4 geotechnical core holes (1,163 meters) and 21 reverse circulation drill holes (4,308 meters), as well detailed sampling of four underground levels. The Probable Reserves remain unchanged and are within the limits of the pit design as defined in the Pre-Feasibility Study dated August 11, 2008. However, the company plans to re-estimate the Reserves in 2009 based on updated feasibility numbers and ultimate pit design for the project. This all sounds very good to me for a higher share price as the year progresses, especially as silver prices move higher. SilverCrest remains a STRONG BUY." |
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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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