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Seafield Resources Ltd V.SFF



TSXV:SFF - Post by User

Comment by statsman1on Jan 31, 2012 2:52pm
280 Views
Post# 19470618

RE: How many oz does batero have?

RE: How many oz does batero have?

Possible answers to your question...

Source 1: https://www.stockwatch.com/News/Item.aspx?bid=Z-C%3aBAT-1918740&symbol=BAT&region=C

Globe says opportunity seen knocking with Batero Gold

2012-01-17 05:11 PT - In the News

The Globe and Mail reports in its Tuesday, Jan. 17, edition that Canaccord Genuity analyst Nicholas Campbell believes there is money to be made owning Batero Gold ($2.16). The Globe's Darcy Keith and Jody White write in the Eye On Equities column that Mr. Campbell reiterated his "speculative buy" recommendation on shares of Batero Gold. He targets the stock within 12 months at a lofty $10. The Canaccord stockpicker notes that the company released promising drilling results from its Colombian Batero-Quinchia mine. Mr. Campbell is expecting an initial resource of at least seven million ounces of gold, with longer-term potential for the project to develop into a 10-million-ounce gold resource. The Eye column reported on Jan. 26, 2010, that unnamed Canaccord analysts recommended buying Batero Gold. The Globe noted in the item that Batero Gold was a favourite pick among analysts at Canaccord. The analysts gave Batero Gold a target price of $6.25 in new coverage. The stock could then be had for $2.57.

Source 2: https://www.mineweb.com/mineweb/view/mineweb/en/page103118?oid=132999&sn=Detail

Batero gets taste for more Colombian gold-copper porphyry

Batero Gold looks to expand gold-copper mineralization at its Batero-Quinchia project in Colombia as it eyes getting its first resource estimate out in the fourth quarter 2011.

Author: Kip Keen
Posted: Saturday , 06 Aug 2011

HALIFAX, NS -

Batero Gold (TSX-V: BAT) continues to connect the dots between widely spaced zones of gold-copper mineralization at its porphyry dominated Batero-Quinchia project in Risaralda, Colombia.

The best known targets at the Batero-Quinchia project, the La Cumbre and Dos Quebras zones, are about two kilometres apart. But recent rounds of drilling is expanding gold-copper mineralization between those main zones in newly discovered targets within the El Centro zone, as well as beyond La Cumbre to the south by up to 800 metres.

The new discoveries, with drillholes recording gold and copper mineralisation intersections of 300m plus, have quickly become an important part of Batero's plans as it pushes to get a resource estimate out by year's end.

In a prepared statement accompanying the latest batch of drill results, Batero President and CEO Brandon Rook noted, "We are fast-tracking the delineation drilling over a distance of 2-plus kilometres, from La Cumbre to 'El Centro' up to Dos Quebradas with the goal to incorporate the newly discovered mineralized zones in the upcoming resource estimate planned for Q4-2011."

The big questions at this point is just how sizeable that resource may be and how significant an impact the new zones of mineralization may have on it.

While such answers will have to wait until a resource estimate is out, some have suggested La Cumbre alone has multi-million ounce potential. In a July 20, 2011, research note, Cormack Securities analyst Richard Gray speculated the La Cumbre zone alone, based on 600- by 400- by 500-metre dimensions with average grades of 0.60 g/t gold and 0.11 percent copper, could come in at 6 million ounces gold and 730 million pounds copper.

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