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 >
CSI: Serra Pelada Pushing Forward
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GEORGE ALBINO, GMP Securities
(12/06/2010)
"We have just returned from a visit to CSI's 75%-owned Serra Pelada development in Para State, Brazil. . .development is progressing well, with the road header (continuous miner) now actively advancing the decline and civil works for the processing plant and tailings facility moving along. The pace of progress is consistent with Colossus' intent to have initial production by mid-2012 (probably commencing April/May) with the Phase 1 (gravity-only) plant. CMZ represents solid potential: On the exploration front, we believe that the central mineralized zone (CMZ), which was extended along strike by 50m in the drill holes released on October 21, remains wide open to the southwest. The West and GT zones (which lie slightly to the northwest and appear to be parallel to the CMZ) are also open and likely will merge (holes testing this theory are currently in progress). Most importantly, the company has recognized several areas that have comparable geologic setting to, and with geophysical and geochemical signatures similar to, the known deposit. Success in drilling these areas could have a profound effect on CSI's valuation." |
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