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 >
ICI: New 2km Gold Mineralization Zone at Dachang
|
PAOLO LOSTRITTO, Wellington West Capital Markets
(10/22/2009)
"Trenching leads to new mineralization less than 1 km from DMZ. Results carry a weighted avg. cut grade of 3.35 g/t gold over an average core length of 4.7m; compares with current M&I grade of 3.37 g/t. New 2-km Au zone located along strike w/ Placer Valley Zone (PVZ). We expect ICI to follow up on these results with a drill program targeting the new area & await the release of additional results north of the new zone. Plenty of exploration targets and $4mm in working capital. Six drills currently operating; 4 at Dachang Main Zone (DMZ) and 2 in Placer Valley, while trenching continues in the eastern extensions. Reiterate our Speculative Buy recommendation and $1.70 target. Target driven by an 8% NAVPS based on our expectation of a reserve of 1.7mm oz and US$925 gold." |
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 >