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 Makes Another Interesting Property Acquisition
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ERIC LEMIEUX, Laurentian Bank Securities
(05/14/2009)
"Midland announced yesterday that it acquired via staking an important blocs of claims (375 claims covering 51,891 hectares) west of Lebel-sur-Quévillon in the Abitibi region of Quebec. Midland has a 100% interest in this 4 blocs Laflamme property, which is strategically located in a prolific gold-conducive setting in a trend between the Sleeping Giant mine (Cadiscor Resources Inc.-North American Palladium) and the Comtois property (Maudore Minerals Ltd). We believe that the Laflamme property has quality targets newly defined by recent government surveys. Indeed recent till sampling surveys have identified new strong Au-Cu geochemical dispersal trains trending NE-SW that appear to originate from the Laflamme property. We highlight that Midland's presence in the Abitibi gold camp is again strengthened with this inexpensive acquisition. Midland was quick to move on government survey results disclosed last November and assembled claims that could eventually attract a partner. We believe this acquisition highlights Midland's ability to react quickly and selectively to generate and acquire good projects and is testament of a solid pro-active technical team. We maintain our speculative buy recommendation with a $1.25 target price on Midland shares." |
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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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