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GoldMining Inc T.GOLD

Alternate Symbol(s):  GLDG

GoldMining Inc. is a mineral exploration company. The Company is focused on the acquisition, exploration, and development of projects in Brazil, Colombia, United States, Canada, and Peru. It controls a diversified portfolio of resource-stage gold and gold-copper projects in Canada, United States of America, Brazil, Colombia, and Peru. Its segments include U.S. GoldMining and Others. Its projects include Titiribi, La Mina, Yellowknife, Crucero, Nutmeg Mountain, Sao Jorge, Cachoeira, Yarumalito, Surubim, Boa Vista, Batistao, Montes Aureos, and Trinta. The Titiribi project is located in the Mid Cauca Belt of central Colombia. The La Mina property consists of two concession contracts and two concession contract applications covering 3,210 hectares. The Yellowknife Gold project is comprised of several properties (Nicholas Lake, Ormsby, Goodwin Lake, Clan Lake and Big Sky) that cover portions of the Yellowknife Greenstone Belt from 17 to 100 kilometers north of the town of Yellowknife.


TSX:GOLD - Post by User

Bullboard Posts
Comment by lamothzeon Apr 24, 2016 8:04pm
282 Views
Post# 24804599

RE:BRI Now $1.15 Read Cantor Fitzgerald Report

RE:BRI Now $1.15 Read Cantor Fitzgerald ReportI think there is an error in your focus point #3 below. There is no production currently and if you click on the link for the research, this point is not there.

Other than that great to see a 2.90$ Target Price!

Moneymagnet14 wrote:

Brazil Resources Inc. (BRI/TSXV,  $0.99) BUY: Target C$2.90
NI 43-101 Maiden Resource announced for the Island Mountain Deposit

Rob Chang (416) 849-5008, Michael Wichterle (416) 849-5005

EVENT

Brazil Resources announced results from a NI 43-101 compliant resource estimate for the Island Mountain deposit, located on the wholly owned Whistler Project in Alaska.

BOTTOM LINE
Positive – The announced maiden resource at Island Mountain deposit builds on the Whistler project which already has an indicated AuEq resource of 2.25M ounces. This resource proves that the Whistler project has numerous porphyry targets with excellent potential for resource expansion. We maintain our Buy recommendation and are increasing our target price to $2.90 per share (+12%).

FOCUS POINTS

  • Island Mountain deposit details  – Full details include an indicated resource of 0.444M oz. AuEq (25.75 Mt grading 0.53 g/t Au, 1.16 g/t Ag, 0.06 % Cu, or 0.54 g/t AuEq) and an inferred resource of 1.133M oz. AuEq (69.23 Mt grading 0.51 g/t Au, 1.07 g/t Ag, 0.06 % Cu, or 0.51 g/t AuEq), both at a 0.3 g/t AuEq cut-off. 
  • Additional targets nearby  – In addition to both the Whistler deposit and Island Mountain, on the 170 Km2 Whistler land package there are several other porphyry centers (Raintree West, Raintree North, Raintree South, Rainmaker, and Cirque) with mineralized intersections similar to these deposits. 
  • Back to normal nameplate capacity  – With the retrofitting of all active mine areas completed in March, note that so far in April, the mine has been operating at production rates above the nameplate 2,500 tpd.
  • Diversifying asset base  – In addition to the Whistler Project, the full company portfolio also includes additional gold assets in Brazil and a uranium property (Rea) in the Athabasca Basin. 

Click here for the research update

Please contact your Cantor Fitzgerald Canada salesperson if you wish to change your research delivery profile.

Cantor Fitzgerald Canada Corporation
Toronto | 181 University Avenue | Suite 1500 | 416-363-5757 | 866-442-4485

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Read more at https://www.stockhouse.com/companies/bullboard/bullboard/v.bri/brazil-resources-inc#bMdV5LLJAbwrQ5Yh.99



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