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The Gold Report puts together analysis of Victoria Gold from Raymond James, Echelon and PI Financial. Well worth seeing why each of these firms see VIT as a buy with a target price of $0.90 to $1.00. At the moment VIT is trading at $0.48.
First Mining Finance Corp. (TSX:FF) (OTCQX:FFMGF) (FRANKFURT:FMG) (“First Mining” or the “Company”) is pleased to announce the positive results of an independent Preliminary Economic Assessment (“PEA”) for its Springpole Gold Project (the “Project”) in northwestern Ontario, Canada. The PEA was prepared in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects (“NI 43-101”) by SRK Consulting (Canada) Inc. of Vancouver, Canada. The PEA describes the potential technical and economic viability of establishing a conventional open-pit gold mine-and-mill complex for the Project. The base case scenario utilizes long-term metal prices of $1,300 per ounce (“oz”) of gold (“Au”) and $20 per oz of silver (“Ag”).
Bill Sheriff, Chairman of Golden Predator (V.GPY) presented at the Beaver Creek Precious Metals Summit.
Phil Walford, Marathon Gold (T.MOZ) CEO, presented at the Beaver Creek Precious Metals Summit.
“Results were characterized by relatively shallow intercepts (mostly within 100m down-hole), averaging 12.3m overall and returning an average grade of 0.78g/t Au and 12.82g/t Ag. True widths are estimated at between 70% to 80% of interval lengths. The results compare well with grades from recent work at Olive and Shamrock, and particularly with Shamrock insofar as being fairly shallow. Drilling at Spinach tested an area of approximately 400m by 400m. For comparison, the Eagle Gold deposit, which is now under construction, contains Proven and Probable reserves of 2.7Moz Au grading 0.67g/t Au, part of a wider resource containing 4.0Moz Au grading 0.65g/t Au in Measured and Indicated resources, and a further 0.5Moz Au grading 0.61 g/t Au in Inferred resources.”
Bonterra’s VP Exploration did the presenting honours for Bonterra at the Beaver Creek Precious Metals Summit.
“We expect continued exploration success to be a positive catalyst for the stock and should help demonstrate the exploration upside that exists on the property. Victoria currently trades at a discount on a per ounces basis, or C$31/oz versus peers at C$57/oz, which we believe does not take into account the exploration potential of the Dublin Gulch property or that the
project has just transitioned from shovel ready to under-construction.”
Victoria Gold Corp. (TSX VENTURE: VIT) (“Victoria” or the “Company”) is pleased to announce results from the first assays received from the 2017 Bluto target surface trench exploration program. TR17-16, was the first major trench constructed at the Bluto target this season and was concentrated on a trail built with heavy equipment to access a water source that would be utilized in the planned 2017 Bluto diamond drilling exploration program. During the course of constructing this access trail a large, six (6) metre long low-lying scorodite-bering heavily fractured quartz vein was uncovered near the headwaters of Indicator Creek. This trench was sampled and sent to the assay lab for priority analyses — the entirety of trench TR17-16 returned:
A quick article on the recent Government of Yukon, in partnership with Yukon Mining Alliance and Yukon Chamber of Mines, Investor Lunch the heart of the Canadian Financial Establishment. Pretty impressive support for mining in the Yukon: here’s the link.
Marathon Gold Corporation (“Marathon” or the “Company”) (TSX:MOZ) is pleased to report the very positive results of new drilling down through the en-echelon stacked quartz-tourmaline-pyrite-gold (QTP) veining of the Main Zone corridor at the Leprechaun Deposit, Valentine Lake Gold Camp, central Newfoundland. The new drilling confirms the continuity of excellent gold grades down through the more than 350-meter deep and 25-60-meter wide mineralized Main Zone corridor of the Leprechaun Deposit (Figures 1 & 2). The dominant shallow southwest dipping en-echelon QTP veining and lesser shear parallel QTP veining of the Leprechaun Deposit is similar to the dominant shallow dipping QTP veining of the Marathon Deposit as well as elsewhere throughout the Valentine Gold Camp.