7km’s of gold vault strike between 3 gold producers

In one of the largest gold producing regions in Canada

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Message: You can view the Cannacord Report Blurb Here:

You can view the Cannacord Report Blurb Here:

posted on Feb 27, 2008 07:04AM

 

 Unable to post the entire report but here is the Atikwa portion:

 

"

As alluded to above, small cap mining stocks have not performed in line with the larger cap gold producers or with selective coal, iron ore and base metal stocks. With some renewed stability in the North American markets, we expect capital will begin to flow back into the small caps as investors recognize the value contrasts. Also the environment for small cap explorers remains prospective given the strength of the underlying metal prices and the significant capital going into exploration plays. We believe there is sufficient capital ready to invest in exploration successes. One example of a company receiving market interest following positive news is Opawica Explorations Inc. (OPW : TSX : C$1.57 | Not rated). Opawica intersected Au and Cu mineralization associated with structurally fractured zones in mafic volcanics flows on its 100%-owned Atikwa project near Kenora, Ontario. Drill hole 1 (of 13) intersected 183m grading 1.54 g/t Au and 0.40% Cu and included a 9m intersection grading 10.24 g/t Au and 2.4% Cu. The market responded by trading over 5 million shares per day or about one-third of the shares outstanding in the first two trading days following the news. Opawica’s share price increased from about C$0.45 to a high of C$1.63 before falling back to about C$1.10. "

 

 

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