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 >
RBY: Phoenix Zone Understanding Evolves
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ANDREW KAIP, BMO Capital Markets
(03/09/2010)
"RMX released further drill results from the Phoenix gold project in Red Lake, Ontario, that continue to delineate high-grade gold potential within structurally controlled zones, the most understood of which are the F2 and 122-10 zones. Recent drill intercepts include 9.3g/t gold over 12.7m,including 127.9g/t gold over 0.5m in the 122-10 area, and 23.1g/t gold over 3.5m in the core of the F2 zone. RMX has advanced a geological model that confirms that gold mineralization occurs within a series of steeply plunging zones. While further drilling and underground development will be required to fully delineate the dimensions of these zones, preliminary work suggests that these zones have strike and width dimensions in the sub-100m range. Vertical continuity is likely to be greater given the structural controls on gold mineralization. Based on this interpretation, BMO Research expects the current gold resource potential for the Phoenix property to be in the range of ~500koz of gold with the opportunity to grow to the 1.5Moz range over time. Through 2010, RMX has budgeted $64M to focus on delineation drilling, bulk sampling, scoping costs and permitting. To date, ~110km has been drilled and 158km is planned through early 2011." |
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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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