- A 4,000 meter drill program completed at the Magino property identified new structures in volcanic rocks on the south eastern part of the property. Drill testing at the western extension of the current resource area revealed several high grade intercepts.
- Hole 10-3 intersected three meters at 21.9 g/t gold including a one meter section grading 65.3 g/t.
- A scoping study is underway at Magino, the results of which will heavily influence the company’s decision regarding the dewatering of underground workings.
- Subsequent to our last update, the company completed the sale of three properties: Lac Levac, Lac des Montagnes and Montauban.
- We have maintained our fair value estimate and BUY rating on the company.
To view full report click here
