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EGR Exploration Ltd V.EGR

Alternate Symbol(s):  CDNMF

EGR Exploration Ltd. is a Canada-based company. The Company’s principal business activity is the acquisition and exploration of mineral properties. The Company is exploring for gold in the Detour-Fenelon Gold Trend, approximately 300 kilometers (km) north of Timmins, Ontario. The Company’s 34,681-hectare (ha) Detour West gold project is contiguous to Agnico Eagle’s property, which contains the Detour Lake Gold Mine and is approximately 20 km from the mine, which is also hosted in the Abitibi Greenstone Belt. It is targeting gold deposits associated with the potential extensions of the Detour-Fenelon trend structures onto the West Detour property. Its Urban Barry property is in the Urban Township of the James Bay region of Quebec in the Abitibi Greenstone Belt. The Urban Barry properties encompass an area of approximately 6,900 ha and directly adjoins Osisko’s Windfall property, with the Langlois base metal-silver-gold mine located approximately 30 km to the northwest.


TSXV:EGR - Post by User

Bullboard Posts
Comment by bamakoon Jan 10, 2011 3:13pm
527 Views
Post# 17949837

Hang tough

Hang toughThat the shareprice has held up (grosso modo) suggests strong inherent support.  Assay release is vital for several reasons.  a) Company is owed about quarter million dollars from CCE, an amount payable upon exploration expenditure report, including assays.  Cash is not a problem at present for company given that there is about 1 million dollars in the bank, but expediting settlements such as the amount due from CCE is always convenient.  b) negotiation with or for Spectrum is contingent on assays in so far strong results offers CIN a stronger negotiating hand.  c) strong assays prior to the Cambridge Show would spur strong retailer and other interest at the show.  While it is true fund and other professional interest is vital, there is a tendency to underestimate the power of retailer interest in shaping share value. 

Lastly, those who hang tough until assay release will be richly rewarded.

Bullboard Posts
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