TSX:SGR.UN - Post by User
Post by
Bobwinson Sep 04, 2007 5:45pm
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Pescod Newsletter
Pescod NewsletterSan Gold is getting more recognition lately. Jay Taylor is picking it and now this fund manager says he likes it in today's David Pescod newsletter.
Bobwins
https://www.sangoldcorp.com/
SAN GOLD CORP. (V-SGR) $1.18 +0.08
We caught up with Alfred Stewart today, an investment advisor for Canaccord in Vancouver and also the guy that is in charge of finding good junior mining stories to put in the super successful Cordilleran funds. His two favorite stories are still Selkirk Metals and San Gold and he suggests that both of them are of interest today.
On Selkirk, they announced some more drilling results on their
www.selkirkmetals.com Ruddock Creek property, Creek Zone and they have results that he suggests is more of the same. Your looking for 10% combined lead/zinc and that’s what they are coming up with.
His other favorite story these days is San Gold, but like many other golds, as we’ve mentioned earlier, has corrected quite a bit over the last six months. He suggests that people should go on their web-site at www.sangoldcorp.com and on the home page, the fourth article, the review of Rice Lake Deep Drilling posted August 14, and give that article a serious review.
The company writes, “The phase 1 drill program at Rice Lake is
generated strategically significant results that will completely trans-form the nature of mining over at Rice Lake previously since 1932 mining occurred in relatively high grade and narrow vein deposits using classic shrinkage method of mining. The exceptional widths grades encountered with this round of drilling are suitable for more www.sangoldcorp.com
efficient and mechanized mining methods which will be employed in this area by San Gold”…punch it in and read it yourself.
Stewart points out that since they’ve started work on the Rice Lake mine, they’ve increased reserves from roughly 700,000 ounces to 1.4 million ounces and he wouldn’t be surprised to see that number up to 2.0 million ounces or more in the coming while and that’s why he is a big believer in this story.