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: Another Gold Discovery Outside the DMZ
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HAYTHAM HODALY, Salman Partners Inc.
(01/26/2010)
"Yesterday, Inter-Citic reported drill results from drill hole CJV-923, which is 9 km northwest of the Dachang Main Zone (DMZ) and roughly 750 meters east of recently reported Drill Hole CJV-914. The hole was drilled along the edge of the east-southeast striking Carbonate Thrust fault, which spans 18 kilometers across the property. The hole was described as 'definitely in interbedded sediments in the thrust as it collared 40 meters south of trench TC-4701, which gave us two sulphide results in a thick section of carbonates.' The results of this hole indicated 3.34 g/t Au over 12.5 meters, remaining open at depth following the loss of the drill bit at 43 meters below surface. The company did not further assess the hole given that this occurred at the end of the 2009 drill season. . . .Inter-Citic Minerals Inc. continues to post strong drill results from its 2009 exploration program, enhancing the likelihood of further gold discoveries outside the DMZ. Currently, we maintain our SPECULATIVE BUY recommendation and Cdn$1.65 target price on the shares of Inter-Citic Minerals Inc." |
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