Canadian Gold Resources Ltd T.CAN

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

Metals & Mining Gold

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

Canadian Gold Resources Ltd

<< Previous

Bullboard Posts

Next >>

Post by dancheon Oct 23, 2010 1:17pm

652 Views

Post# 17603025

Rodman & Renshaw

In our view, Canaco will be able to acquire the 0.075 sq. km. PML within the Kilindi PL from Sonora once a resolution is reached regarding the price. The acquisition of the land rights should not cost the company over US$ 2 MM in cash and/or CAN shares. The company has over C$ 27 MM in cash and a resolution would be viewed as positive by the market.