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Canadian Gold Resources Ltd T.CAN


Primary Symbol: V.CAN Alternate Symbol(s):  CDNGF

Canadian Gold Resources Ltd., formerly Amseco Exploration Ltd, is a Canada-based gold exploration and development company. The Company is focused on advancing its 100% owned gold properties in the Gaspe Gold Belt of Quebec, Canada. The Company is the owner of the Lac Arsenault Property, the VG Boulder Property, and the Robidoux Property. The Lac Arsenault project is located in the Gaspe Peninsula of Quebec, approximately 25 kilometers (kms) north of Paspebiac and 58 kilometers from Bonaventure, covering a total of 4,118 hectares. The Robidoux project is located in the western Gaspe Peninsula, Quebec, covering 1,940 hectares. The VG Boulder project is located in the Gaspe Peninsula, Quebec and covers 14 km along the prospective Grand Pabos Fault, spanning approximately 5,787 hectares.


TSXV:CAN - Post by User

Comment by Durkastanon Sep 13, 2010 3:05pm
470 Views
Post# 17442118

RE: 15 km gold trend $$$$$$$$

RE: 15 km gold trend $$$$$$$$Wow.... 4 smiley faces and 14 dollar signs? This is really serious!

On a serious note, the news today was exactly what I wanted to see. While obviously I'd like to see some nice drill results, we already know that the Magambazi zone is a monster. While it is by no means defined yet, it's "money in the bank".

Extending the Handeni gold trend, making new discoveries and new zones of mineralization is the stuff that creates truly world-class companies. We are no longer a one-trick pony, in that our share price was almost solely determined by the extent of mineralization at Magambazi & Magambazi North.

Anyone selling on this news doesn't have a very long investment horizon. The potential of this play just went through the roof, and I would definitely be increasing my position if I had any free cash.
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