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 >
CNL: Buritica Drill Results
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RON STEWART, Dundee Securities
(12/20/2010)
"This morning, Continental Gold Ltd. released the results of seven new holes drilled on the Yaragua vein set and two holes drilled on the Veta Sur vein set at its 100%-owned, Buritica exploration project in Colombia. The highlight intercepts will more than likely create some short-term excitement in the stock and, indeed, we consider the results to be constructive, but not transformational. Over the medium term, we believe CNL offers investors exposure to an excellent exploration project in Buritica, as well as a high-quality portfolio of early stage gold exploration properties in Colombia. CNL plans to drill an additional 60,000 meters at Buritica in 2011 and expects to initiate an underground exploration campaign around midyear. It is our view that CNL remains one of the premier, pure gold-exploration vehicles around today. The company has approximately US$85 million in cash and no debt, 91.7 million shares outstanding and a market capitalization of CAD$866 million. Continental Gold is in our Mineral Exploration Watch List rated as a BUY, Venture Risk, with no price target assigned." |
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Under SEC rules, analysts are required to disclose their interest in securities that they cover. We strongly encourage you to contact them to understand any potential conflicts of interest they may have.
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