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 >
Maritime-Cadillac – Setting Stage for More Gold
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ERIC LEMIEUX, Laurentian Bank Securities
(04/29/2009)
"Midland reported results from three holes of a six-hole 3,350m drill program on the Maritime-Cadillac project. Results from hole 141-09-21 on the Maritime East Dyke zone with a grades of 18.5 g/t Au over 0.7m and 1.9 g/t Au over 7.7m (at approximately 600m vertical depth) shows a system that continues at depth and remains open laterally. We believe these results confirm indications that gold systems develop further at depth on the Maritime-Cadillac property. Agnico-Eagle and Midland are currently drilling hole 141-09-22 that should test the southern extensions of the Maritime West and East Dyke zones, as well as Maritime East Contact zone. We believe that Midland has generated interesting results with hole 141-09-21 and we expect that the next holes should provide even better results. The sub-vertical and southerly plunging rake should be verified with the planned drill holes (#22 to #24). Midland is well financed with approximately $3.6 million in the treasury and has a low burn-rate because of its partnership model. We maintain a Speculative Buy with a $1.25 target price." |
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