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 >
Eastmain Pops
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Struthers Resource Stock Report
(09/24/2009)
"I last updated Eastmain in March as a buy at $0.90 and a lot lower in the meltdown. It has done well and then today the stock hit new highs, going as high as $1.50 on news that Eastmain discovered a new gold target at its wholly owned Clearwater project, located in James Bay, Que. Surface prospecting along favorable deposit stratigraphy this summer led to the discovery of the Boomerang prospect, where a composite grab sample of vein material, located one-half kilometer east of the Eau Claire gold deposit, assayed 254 grams per ton gold (7.42 ounces per ton gold), 640 grams per ton silver (18.7 ounces per ton silver) and (greater than) 500 grams per ton tellurium. Other anomalous samples within the Boomerang prospect area include 30.6 grams per ton gold (0.89 ounce per ton gold) and 9.04 grams per ton gold in key volcanic/sedimentary rocks, located up to eight kilometers east of the deposit. The Boomerang prospect contains a highly enriched gold-tellurium metal signature similar to Eau Claire, which suggests it was derived from the same hydrothermal gold-bearing system. Boomerang will be drill-tested in future programs. I have not suggested taking any profits in the stock yet as they just have too many good things going for them. It sure looks like this new discovery will lead to more gold at Clearwater and they just started a 3,500-meter drill program on their Eleonore South project a joint venture with Goldcorp."
For more independent commentary, click here: Eastmain Resources Inc. ER:TSX |
More Experts
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