(0)
March 17, 2012 09:25 pm
This is a rare opportunity for investors please review—do your own due diligence and speak with a qualified person before making any investment decision.
The LAD.V share price at
.145-0.165 is quite undervalued given the facts. The question is when will others see the potential growth value here?
As a near-term gold producer:
LAD.V has a property with 5 historical underground gold mines on it?- last mined actively in 1982-84 - closing after the gold price fell below US$350/oz?.
The key points for being able to quickly become a gold producer here are the company maintains BOTH the mine permit and tailings impoundment permits in good standing.
The project location is in a stable mining-friendly jurisdiction (2 hours drive from Vancouver in British Columbia, Canada).
Tailings recoverable gold: The Company has assessed the economic potential for gold recovery from the old Carolin Mine tailings impoundment. The recoverable resource has been stated that the "project as designed is expected to produce a total of 24,483 ounces of gold contained in concentrate" at a capital cost of $8.3 million and a "current industry estimate of USD $1,100 per oz as a long term gold price".
See the news release:
New Carolin Gold Announces Positive Preliminary Economic Assessment Of The Tailings Reclamation Project: http://www.newcarolingold.com/index.php/news-mainmenu-54/2012-news-releases/227-new-carolin-gold-announces-positive-preliminary-economic-assessment-of-the-tailings-reclamation-project-
The Company is also awaiting two NI 43-101 resource reports
1. On the 40,000 metres of drilling done on the Carolin Mine which need to be brought up to NI 43-101 standard having been originally reported on before the implementation of the NI 43-101 standards for resource calculation.
2. On the open pit potential of two separate zones
However, New Carolin Gold Corp. is doing BOTH mine development and exploration.
As an gold-resource explorer:
The key point being that even though there are several small past producing underground gold mines on the property there has been very little actual exploration to define the size of its gold resource.
Recent airborne geophysical exploration offers a glimpse on what they are looking at. See their recent "Airborne Geophysical Survey" (see news release below).
From the January 19, 2012 news release:?
New Carolin Gold Announces Results of Airborne Geophysical Survey Over The Ladner Gold Property?
Thursday, 19 January 2012
"...The results indicate the presence of a major magnetic linear structure that can be traced for over 18 km within the Company’s claims that comprise in part the Coquihalla Gold Belt. This linear structure is attributable to the presence of serpentinite, which is associated with gold mineralization. The calculated vertical gradient map also indicates the presence of northeasterly striking fault structures. The northwesterly trend of this magnetic linear structure parallels the major Hozameen fault structure.?
The Emancipation Mine, Carolin Mine, Idaho/Aurum Prospect, Montana Prospect, McMaster Zone and Georgia No 2 Prospect all occur along this magnetic boundary. The Pipestem Mine is located approximately 800 metres to the east of this contact, but also higher up in the stratigraphic sequence. There remain several kilometers of untested ground along this magnetic anomaly.?
The Total Count radiometric data (sum of potassium, thorium and uranium values) indicate the presence of potential felsic rocks in the northern part of the claim area. Gold prospects in this area are associated with felsic dykes.?
The vertical gradient and total count radiometric maps can be viewed on the Company website:? http://www.newcarolingold.com/index.php/geophysics?
New Carolin Gold Corp. has a past producing gold mine (Carolin Mine) with unknown resource dimensions and many important reasons to properly assess it fully. The Company has already identified a "major magnetic linear structure that can be traced for over 18 km within the Company’s claims" (see Jan 19th news release above).
With so many historical mines the potential to expand the resource is very high as indicated already in this early stage of exploration.
New Carolin Gold Corp. will be focusing on BOTH the delineation of the dimensions of its potential gold resource and restarting gold production as it moves forward.
??The money:?
1. The company just closed two private placements for a total of approximately $750k?
2. PEA (Preliminary Economic Assessment) of the tailings (see March 14 news release) shows a recoverable 24,000 oz gold-resource providing the company potential cash flow.?
Coming:
The Company is presently awaiting the results from two NI 43-101 resource reports on:
1. the 40,000 metres of drilling done on the Carolin mine (before the advent of the NI 43-101 standard) and;
2. the open pit potential of two separate gold zones
I believe this is still very early days in the development of New Carolin Gold Corp. into a near-term junior gold producer with real potential to increase its resource asset. Given that the behavior of gold stocks share valuation in general relative to the valuation of gold and taking the existing conditions of the current financial and currency instability I believe that we could be seeing good upside potential across precious metals equities in general. This is my opinion.
Presently LAD.V is trading between
.145 and 0.17. If I am right, in my opinion, I wonder for how long LAD.V's share price will remain at this level.