Zijin Mining to take 9.9% stake in Montage Gold
As part of the deal, the Lundin Family Trust also agreed increase its stake in the company from 17.7% to 19.9%.
BALTIMORE, MD–(Marketwired – Oct 25, 2013) – Goldman Small Cap Research, a stock market research firm focused on the small cap and micro cap sectors, announced today that it has initiated research coverage of Laredo Resources, Inc., an exploratory mineral company engaged primarily in gold mining and processing.
Laredo Resources acquired the rights from Magna Management Ltd. to the property known as Pony Mountain Gold which is located in the Mineral Hills District in southwestern Montana. This 4,000 acre package of properties has 128 patented and unpatented mining claims. The underground hard rock vein sites consist of several property assemblies of which several have been previously explored and mined. It is estimated that over 300,000 ounces of gold were mined.
In the Goldman Opportunity Research report on the Company, analyst Rob Goldman outlines his investment thesis.
“Leveraging the historical mining successes in the region and on the site itself, Laredo Resources Corp. appears poised to take advantage of one of the most attractive mining opportunities in the Northwest region of the United States. The Pony Mountain Gold site is located in the Mineral Hills District in southwestern Montana and is a proven producer of gold dating back to the 1800s. With approximately 100,000 tons of dump material on the site that could produce gold, the size of the near term opportunity is simply huge.”
This press release contains excerpts of our most recently published research report on Laredo. To view the sponsored research report, disclosures and disclaimers, or to download the report in its entirety, please visit www.goldmanresearch.com.
About Goldman Small Cap Research: Led by former Piper Jaffray analyst and mutual fund manager Rob Goldman, Goldman Small Cap Research produces sponsored and non-sponsored small cap and micro cap stock research reports, articles, daily stock market blogs, and popular investment newsletters. Goldman Small Cap Research is not in any way affiliated with Goldman Sachs & Co.
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About Laredo Resources Corp.: Laredo Resources Corp. is an exploratory mineral company engaged primarily in gold mining and processing. The Company acquired the rights from Magna Management Ltd. to the property known as Pony Mountain Gold which is located in the Mineral Hills District in southwestern Montana. This 4,000 acre package of properties has 128 patented and unpatented mining claims and approximately 100,000 tons of dump material on the site that could produce gold.
For more information, visit the Company’s website: www.laredoresources.com.
