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 >
RBY: Initial and Potential Estimates from Phoenix
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HRA Journal (12/08/2010)
"Rubicon Minerals put out a set of initial and potential resource estimates from its Phoenix gold. The initial inferred resource [is] 4 Moz. at an average 20.1 g/t (0.58 oz./ton) grade. The study also suggests additional potential for upwards of 3 Moz. in well-drilled ground above 500m depth and for 5–6 Moz. in sparsely tested ground from 500–1,500m depth. . .the suggested potential is in keeping with history elsewhere in the camp, so we do expect progress here to be closely watched. If in-fill drilling confirms the additional 3 Moz. in the shallow portion of the system, the current $325/oz. valuation would drop below $200/oz. Shallow ounces at camp grade in Red Lake are premium ounces that should comfortably command that kind of pricing in a $1,400 gold universe. We expect the stock to trade in line with gold's price and would hang on to it while testing continues to firm up and turn the Phoenix potential into resources." |
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