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 >
XG's Cerro Moro
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DAVID WEST, Salman Partners
(08/04/2010)
"Yesterday, the company released a collection of assay results from drill holes taken from three areas of the Cerro Moro project. Included were drill results from a new area of mineralization, the Martina zone, located 2 km to the SE along the prolific Escondida vein. The company released 11 drill holes of 21 completed on the area thus far. Better results include: MD849: 1.60m @ 17.9 g/t Au, 212 g/t Ag and 1.42m @ 41.2 g/t Au and 123 g/t Ag; MD935: 1.40m @ 23.0 g/t Au and 62 g/t Ag; and MD949: 2.22m @ 106.7 g/t Au and 348 g/t Ag. Although the backlog in assay labs may have caused a lull in the sentiment of Extorre investors, the company recently stated it would be constructing its own 'on-site sample facility' on the Cerro Moro property to help the flow of drill results out of Cerro Moro. Given our belief that the project holds a large amount of value in the ground that the company has the opportunity to realize through the drill bit, we believe, as the company continues to show its ability to realize this value, investors should be rewarded. We maintain a Cdn$3.85 per share target price and a SPECULATIVE BUY recommendation on the shares of Extorre." |
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