TSX:SUE.WT - Post by User
Post by
nemoraon Aug 23, 2010 9:27pm
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Post# 17376627
Hard Assets Heyday
Hard Assets HeydayStan Barthi:Sulliden Gold Corp. (TSX:SUE; OTCQX:SDDDF), which has about a million ounce resource, is surrounded by some of the biggest operating gold mines in Peru. Barrick Gold Corporation (NYSE:ABX; TSX:ABX) has Lagunas Norte on one side. On the other side is the Yanacocha mine, which Newmont Mining Corporation (NYSE:NEM) operates.
Sulliden'sright in the middle, with a big land position and the same geology.Right now we're doing a feasibility study. We expect to have theShahuindo Gold Project in production by late 2011 or early 2012, andthen it will produce 150,000–200,000 ounces a year. More importantly,the exploration looks very good. We've drilled some holes there thathave expanded the resource, and have a big drill program of20,000–30,000 meters getting under way. Between now and the end of theyear we expect to double the resource to 2 million ounces. Peru is astable country well known for mining. The fact that we're in one of thehottest gold camps in the world is very exciting.
source; The Gold Report
pub/na/7050