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 >
That's One Valuable Ton
|
Canaccord Genuity's Morning Coffee (06/05/2009)
"Yesterday morning, Colossus released the first results from its Phase II diamond drill program of the Serra Pelada Project, the Colossus-COOMIGASP joint venture located in Para State, Brazil. It was another set of great results. Hole SPD-20A returned 27.9 m grading 35.49 g/t gold, 19.89 g/t platinum and 25.14 g/t palladium. This is 28.0 m of 67.8 g/t gold-equivalent and at spot prices this is more than US$2000/t material. Hole DPD-021 returned 17.8 m grading 16.15 g/t gold, 1.69 g/t platinum and 2.7 g/t palladium. This is 18.0 m of 19.63 g/t gold-equivalent. These great results highlight the unique high quality of the Serra Pelada project. Commenting on the results, and helping explain the delay in releasing them, Colossus' President Vic Wall said, 'Colossus' Phase II Drilling program has begun well after bedding down a new drilling contractor and changed commercial preparation laboratory and analytical services. The first drilling results have added value to the Serra Pelada Central Mineralized Zone, demonstrating continuity and greater extents of related high grade gold-& PGE-rich subzones. Colossus' Serra Pelada team has done a good job through a wet, wet season.' Further assay results from the Phase II drill program will be released when received." |
PRINT THIS PAGE
EMAIL THIS PAGE
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.
More Experts
"We expect PGLC's Relief Canyon site to be meaningfully advanced in 2016." (12/16/15) Pershing Gold Corp. - Heiko Ihle, Rodman & Renshaw More >
"ICG continues to stand out as one of the most active junior exploration companies globally." (12/9/15) Integra Gold Corp. - Michael Gray, Macquarie Equity Research More >
"We are initiating coverage on NMI with a Buy rating." (12/9/15) Newmarket Gold Inc. - Heiko Ihle, Rodman & Renshaw More >
"TV's mill throughput was up 19% MOM; zinc recovery improved by 9%." (12/9/15) Trevali Mining Corp. - Joseph Gallucci, More >
"THO pays a good dividend and produces at the lowest quartile costs." (12/9/15) Tahoe Resources Inc. - Gwen Preston, Resource Maven More >