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 >
GYD: La India's Drill Bit Upside
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DREW CLARK, Byron Capital Markets
(08/26/2010)
"La India: A Simple Mine that's Economically Robust and Easily Expanded: The current envisioned mine plan calls for a open-pit, heap-leach operation based on over 1.25 Moz. Au delineated to date. With a low cost to build and operate, the ability to expand operations relatively easily and excellent metallurgy, La India should prove to be highly economic. Expansion Through Current Drilling Campaign: Recent drill results north of the main ore body at Tarachi intersected mineralization starting from surface in all seven holes and could become a large source of resource growth for GYD. In the last assay release, GYD reported 88m of 1.54 g/t Au; and, with ongoing drilling, we anticipate GYD will continue to add near surface, oxide ounces to its La India Project throughout the remainder of the year. Mulatos' Hermano: GYD's La India property is contiguous to Alamos Gold's Mulatos mine, which produced 178,500 oz. Au in 2009 from an open-pit, heap-leach operation similar to what GYD management plans to commission around 2012. With success so close by, and being part of the same system, GYD is sure to have a few larger companies watching its progression toward development." |
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