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 >
Midland Acquires Dunn Property
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ERIC LEMIEUX, Laurentian Bank Securities
(03/23/2009)
"Midland has announced last week that is has acquired, via staking 39 claims covering 1,534 hectares, near the junction of the Destor-Porcupine Fault Zone and Manneville Fault. This property, 35km northeast of Rouyn-Noranda, is strategically located in a prolific gold-conducive setting. We understand that the property has quality targets and has only seen 10 historical diamond drill holes. We also understand that important gold structures highlighted by magnetic break along the contact between ultramafic and mafic rocks are located in extensions of this new property called Dunn. We view this type of acquisition favorably as it is a testament of good project-generation capability. We believe that this type of acquisition highlights Midlands' dynamic management and technical team. We highlight that Midlands presence in the Abitibi gold camp is strengthened with this inexpensive acquisition. We reiterate our speculative buy recommendation with a $1.25 target price on Midland shares. We note that Midland is presently conducting with Agnico-Eagle, past owner of the Dunn property, a drill campaign on the Maritime-Cadillac project (south of the Lapa Mine) and expect drilling results by summer." |
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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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