Renamed from American Bullion Development Corp.
North American Royalties and Assets in Nevada and the Yukon
Message: The Gold Report Interview with Jason Hamlin (03/28/11)
The Gold Report Interview with Jason Hamlin (03/28/11)
|
Jason Hamlin: The Yukon gold rush is on, and one of my favorite plays in that region is Golden Predator. The company has 3,000 square km under claim and three advanced projects moving toward an NI 43-101 resource estimate this year. Its Grew Creek and Clear Creek properties will have their resource estimates by year-end. Grew Creek drilled around 150 meters, just under 2 grams per ton (g/t) gold, and Crew Creek hit around 25 meters of 2–3 g/t gold. Brewery Creek will get an updated estimate with a target of 600,000 oz., which is twice its previous estimate. They just announced the expansion of the Bohemian Discovery with 33 meters of 3 g/t gold. If these initial drill results are any indication, the resource estimates are going to surprise even the most bullish investors of Golden Predator. TGR: The company recently raised $22.7 million in a bought-deal private placement, so it has the cash to see those projects through going forward. JH: Drillings and discoveries in the Yukon are still very early on the bell curve. Golden Predator is well financed and drilling aggressively as we speak. It has a great pipeline of future projects and a growing revenue stream from projects in Nevada, which is a bonus. Bill Sherriff is the chief executive, and Mike Burke recently joined as chief geologist (from the Yukon Geological Survey). I have confidence in the leadership at Golden Predator, and I am not alone. Sprott Asset Management decided to get a piece of the action and invested in the company last year. I also like that Golden Predator has exposure to silver via 5 million shares of its spinout, Silver Predator, and its ability to acquire another 11 million shares in that company. I believe the stock is cheap at anything less than $1. It's more of a speculative play than some of the other investments that I look at, but the stock could easily double by year end. . .If its drill results continue at this pace , it has the potential to reach $5 in the next few years. . .I really think there's blue sky potential with this company. View Entire Article: Jason Hamlin: Paradigm Shift |
Canaccord Genuity, Morning Coffee (03/28/11)
|
"Golden Predator announced results from the initial five core holes from its winter 2011 drill program at its Brewery Creek Project, Yukon. All five of these holes, which are in the Bohemian Zone discovered late last year, intersected significant mineralization, including 31.2m of 2.61 g/t gold beginning at a depth of 49.0m in hole BC11-175, 32.9m of 3.01 g/t gold beginning at a depth of 42.6m in hole BC11-176, and 31.0m of 2.84 g/t gold from a depth of 54.0m in hole BC11-177." |
1 Recommendations
Loading...
Loading...
New Message
Please
login
to post a reply