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 >
GUY: Sulphur Rose Robust
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DAVID WEST, Salman Partners
(05/26/2010)
"Sulphur Rose continues to emerge as a potentially robust deposit. Yesterday, Guyana Goldfields released the assay results from 14 further diamond drill holes taken from its 100%-owned Aranka project, located just to the northeast of the company's flagship Aurora project, both located in Guyana. The highlight drill hole intercept released was Hole SSD-04, which returned 57 meters at 4.05 g/t Au (from a depth of 25.5 meters), including 16.5 meters at 8.82 g/t Au. The drill hole was taken from southeastern section of the mineralization at an area dubbed Sulphur Rose. Although still very early in the exploration stage, thus far, the company has approximated the area of gold mineralization to be 350 meters by 60 meters. Two drill rigs continue to operate at the area of Sulphur Rose. With continued exploration success, Aranka is providing Guyana Goldfields with the potential for strong resource growth. In the short term, however, investors will likely remain focused on the permitting of the company's Aurora project, which we expect to be received by the company in the current quarter. We maintain our SPECULATIVE BUY rating and Cdn$8.30 per share target price on Guyana Goldfields." |
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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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