Szeto on Yesterday's Press Releasehttps://www.proactiveinvestors.com/companies/news/39846/golden-reign-resources-latest-trenching-shows-once-again-blue-sky-potential-at-san-albino-murra-property-39846.html
Stonecap Securities analyst Brian Szeto kept his outperform rating on () Friday, as trench results released yesterday were positive, once again showing the "blue sky potential" of the San Albino-Murra property in Nicaragua, he notes.
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The analyst notes that based on the company’s "successful trench program", it has also announced that it has identified five priority drill targets within the San Pablo zone for testing during its planned 2013 drilling campaign.
"The fact that the company is consistently finding up to 32 g/t gold material solely from near-surface trenching is impressive.
"However, we believe that to truly unlock the potential of the project, further drilling is necessary to follow up the success of the company’s extensive trenching program at the property completed to date," Szeto concludes.
Stonecap's analyst kept his outperform rating on the gold explorer, and his target price of $1.70 - well above its current trading price of 59 cents.