Bob Moriarty: Hold on to Gold

First Mining Gold

First Mining is a mineral property holding company whose principal business activity is to acquire high quality mineral assets with a focus in the Americas. The Company currently holds a portfolio of 21 mineral assets in Canada, Mexico and the U.S.A.

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scoutaz_2003

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Bob Moriarty: Hold on to Gold

posted on Oct 25, 2010 12:46PM

Bob Moriarty did a great interview on gold. The link is here.

http://www.theaureport.com/pub/na/7674

He mentioned GCU and that part of the interview is given below.

He thinks GCU will have a 5 million ounce deoposit!!!

BM: One that I am writing about is Gold Canyon Resources Inc. (TSX.V:GCU). The person I mentioned earlier, Quinton Hennigh, is probably the most-talented technical person I know in the industry. The president of Gold Canyon is using Hennigh exactly the way he should be used. Hennigh goes in and gets a feel for the project, figures out the potential, and then figures out how to move it forward.

Gold Canyon has had a deposit in Ontario for 21 years and never did anything with it. Hennigh came in, spent 18 months having someone looking at all the data and came up with a totally different approach. Hennigh realized that all the previous drilling had been a waste of time because they were losing a lot of the core. So, they came up with a new approach and the company is going to end up with a 5 million-ounce deposit. The stock is up 300% in the last three months—that's a fourfold increase. It's going to be a home run.

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