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 >
ARZ: Additional Drill Results From Marban Block
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ANDREW KAIP, BMO Capital Markets
(01/21/2011)
"Aurizon released assays from 21 holes drilled at Marban Block, located in western Quebec. The reported results are part of 53 holes (15.3 km.) completed to date at the Marban deposit. Assays for the remaining 18 holes are still pending, with results from the initial 13 holes reported last November. The current program has been focusing on defining near-surface mineralization with drilling at 50m spacing to depths of ~300m. The weighted average grade from the 21 reported holes of 1.4g/t over an average intercept of 12.1m is relatively in line with the existing open-pit indicated resource grade of 1.6 g/t. Highlights include 9.1 g/t gold over 7.3m and 5.74 g/t gold over 4.2m. While the results are positive, exploration remains at a very early stage and more drilling is required in order to identify the property's potential. Two rigs remain active on site with a third to be added by the end of the month. Near-term drilling will include a 5.8 km. program to test near-surface targets at the Norlartic deposit and 16 holes (3.2 km.) to test continuation between Norlartic and Marban. The Marban Block is a JV project between ARZ and NioGOLD Mining Corporation, for which ARZ can earn a 65% interest. ARZ currently trades at 1.3x the 10% nominal NPV, a slight premium to intermediate producer peers within the BMO Research gold coverage universe, which trade at 1.2x." |
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