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 >
PEM: More Promising Friday-Petsite Results
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ADAM MARCHIONNI, Industrial Alliance Securities
(09/22/2010)
"On September 20, 2010, Premium Exploration released the results of six additional holes from the ongoing 10,000m Phase-3 drill program at Friday-Petsite. . .all six holes intersected long intercepts of ore-grade material. These six drill holes, together with the six previously released Phase-3 holes, have increased the strike of the lower block from 100m–300m, essentially doubling the down-dip extension of the current resource from 150m–300m. The deposit remains open along strike to the north and south and at depth. Based on drilling completed to date, we have derived a conservative back-of-the-envelope estimate of the resource zone of 28.5–33.5 Mt. with an average grade of .94–1.14 g/t for 0.85—1.2 Moz. Au. Moreover, these results reaffirm our view of the potential for the expansion of the Friday Zone and we reiterate our conservative blue-sky estimate of the open-pit mineable resource at 1.5–2.5 Moz." |
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