Raulston ReviewGalore Resources Inc. (TSX-V: GRI)Excerpt from April 2007-2 issue.
Galore Resources is a precious and base metal exploration company with an exceptional management team that brings considerable geological and mining industry experience. This high-powered team has pulled together an extensive property portfolio in a remarkably short period of time and are working diligently toward further acquisitions. Although it just went public a month ago, shareholders are benefiting from an extensive property acquisition program during the private company stage and years of previous work on the properties. The present focus is on a high-potential project in British Columbia, with aggressive plans to acquire additional projects. William Coulter, chairman, has considerable experience and success in the mineral resource sector. The management team includes Dr. William Bird, executive vice-president, a geologist with involvement as a senior executive of several successful companies. Ray Torresan, CEO, is well regarded in the industry for his extensive public relations experience, including work for the Ivanhoe Group (Robert Friedland). They are backed by a highly regarded team of directors and advisers that bring a wealth of experience to this junior explorer. The company has assembled a large property position in the highly prospective Taseko Lakes region of British Columbia, approximately 200 km north of Vancouver. Galore owns and has options to acquire 100% interest in 48,000 hectares of exploration targets for copper, molybdenum, gold, and silver in that region. The Taseko property is situated between the past producing Bralorne-Pioneer gold mines and the Prosperity porphyry copper-gold deposit. Past work in the region has indicated the presence of a significant belt of mineralized rocks and contains extensive alteration zones associated with copper, molybdenum, gold, and silver mineralization. The properties are road accessible with good infrastructure. With a multitude of targets already identified, the Taseko project offers investors a portfolio of exploration upside. This large land position consolidates previously fragmented mineral holdings, meaning that Galore is looking at it for the first time on a comprehensive basis. Galore is exploring for a variety of deposit types based on years of previous exploration data. Eighteen mineral prospects are documented on the property, seven of which are porphyry copper- molybdenum- gold prospects and four are prospective for polymetallic base and precious-metal veins. The ongoing exploration program includes airborne geophysical surveys, ground geophysical and geochemical surveys and mapping. That work, together with results from decades of earlier work, will form the basis of a drilling program due to begin in May. In addition to the Taseko project, Galore is evaluating additional prospects, with the objective of adding a couple of further projects with similar large-scale potential and extensive previous work to build on. Galore offers shareholders exposure to numerous discovery stage exploration programs in a highly favourable geological setting. At the current share price, the company has a low value in view of its high- potential property holdings and the strength of its management team. There is significant upside potential as the company builds a strong investor following, continues work on the Taseko project, and seeks additional targets. Price April 27, 2007: Cdn.$0.51Shares Outstanding: Cdn.$22 millionMarket Cap: Cdn.$11 millionContract: Ray D. TorresanPhone: 604 647-2298Website: www.galoreresources.com To stop receiving further information from GALORE RESOURCES INC, please visit the following:https://www.stockgroup.com/ub/ub.asp?email=m_r_blanchard@hotmail.com&symbol=V.GRICopyright GALORE RESOURCES INC All Rights Reserved.