WRP: Mineral Gulch to Elevate Stock?

Equities & Economics Report (08/27/2010)
"One of the things that attracted me to Western Pacific Resources is its management team. This is a pretty special set of people that I think stands a very good chance at making this company successful. The company has its projects situated in Nevada and Idaho. The projects are Mineral Gulch, South Lida, Meridian Ridge, Bombardier and Rock Springs. Mineral Gulch seems to be of the highest priority as it has had previous mining on it of around 500 Koz. This mining was primarily oxide material out of multiple pits. Most of the defined pits have been mined with the exception of a few. That said, there is a strike length in excess of 3.2 km. and depths varying from 120–300 ft. for the pits. The sampling that has been done was primarily channel sampling that has returned grades as good as 15 g/t over 3m in the Tallman Pit. There are other results that have produced nearly 6 g/t over similar sample lengths.

The company plans on drilling this project in the near future, and I would suspect the bulk of the upward movement on this company would come from this project. . .I would look for positive results coupled with a strong market in the months to come, which would bode favorably for Western Pacific Resources."

 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.

Related Quotes: