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 >
EPZ: Strategic Investment in AUM
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JOE MAZUMDAR, Haywood Securities
(11/09/2010)
"Esperanza Resources recently announced a strategic investment of up to 36.4% in Golden Minerals, which has the Strieborna silver/copper advanced-stage exploration project located in Slovakia. The project holds an M&I resource of 14.3 Moz. grading about 231 g/t silver and 48 Mlb. copper grading 1.13%, with an additional 8.7 Moz. silver grading 180 g/t silver and 29 Mlb. copper grading 0.9% copper in the inferred categories. Its other key ventures include a wholly owned gold development project, Cerro Jumil in Mexico and a 20% carried interest in a gold and silver development project, the San Luis property in Peru. The company also has an extensive generative exploration portfolio. Note that both Cerro Jumil and San Luis were grassroots discoveries. The near-term catalysts include news from expansion drilling at Cerro Jumil and reports related to a feasibility study in 2011. A resource update is anticipated by Q111, along with updates on optimization vs. the 2009 PEA. We also anticipate news flow from work to generate prospects in Peru and Slovakia by Q111. The company has spent $4M of its original budget of $6.3M and has about $8M in the treasury." |
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