Investment Highlights
- An initial resource for the Lincoln Hill deposit has been released stating 0.38 Moz gold and 9.488 Moz silver at a gold equivalent cut off of 0.383 g/t (0.1 opt).
- Drill results at Lincoln Hill also show high grade mineralization. Core hole LRC-002 returned 21.19 g/t gold over 7.0 meters starting at 25.3 meters.
- Drill results at the North Basin deposit from the Wilco project demonstrate a potential expansion on the sought after high grade feeder structures.
- The company has a gold equivalent resource portfolio in Nevada of 1.18 Moz measured and indicated, and 2.73 Moz inferred.
- The company is in a sound financial position. At the end of March 2010, the company had $6.68 million in cash and cash equivalents, or $0.07 per share.
- On February 10, 2010, the company entered into a definitive agreement to acquire 63.96% of the REN property from Centerra Gold Inc., but was unable to complete the transaction due to the exercise of a pre-emptive right by Homestake Mining Company to acquire Centerra’s interest.
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