GoGold Resources (TSXV:GGD) Subject of StockPotentials Report by eResearch Corp - Video Summary of Report Posted on www.investmentpitch.com
(Thomson Reuters ONE) -
Vancouver, British Columbia, March 5, 2012 - Toronto based eResearch has issued
a StockPotentials report on GoGold Resources (TSXV:GGD). StockPotentials reports
cover smaller companies that have little or no following on the Street, that
eResearch believes would be primarily of interest to retail investors.
InvestmentPitch.com has produced a "video news alert" based on this report. If
this link is not enabled, please visit www.investmentpitch.com and enter
"GoGold" in the search box.
The company's flagship property, San Diego, is in Durango, Mexico and is
currently the focus of GoGold's exploration efforts. The property is a massive
70,987 hectares located in the richest epithermal gold and silver belt in the
world.
The region is presently host to numerous operating gold and silver mines and is
open to further mining development with a supportive local populace, cooperative
government, and good infrastructure. Neighbouring projects include Primero
Mining's Tayoltita and Argonaut's El Castillo. To the north is AuRico Gold's
Ocampo project with four million ounces of gold equivalent.
The company has six targets. Drill results from the Breccia Hill open-pit target
were released in October and January, with the goal of generating a resource
within the first half of 2012. Current drilling on the Chispa De Oro is
targeting an area of high-grade gold and silver mineralization discovered by
previous sampling.
The company's Canadian project is the Rambler property in Newfoundland, which
covers about 21 square kilometres. There are 3 past-producing base metal mines
on the property, and it is adjacent to Rambler Metals and Mining's currently
producing Ming Mine.
In evaluating GoGold, eResearch listed the following strengths:
* Projects are located in the mining friendly jurisdictions of Mexico and
Canada
* The Sierra Madre Occidental gold/silver Belt is well-known as the host to
the majority of Mexico's gold and silver deposits
* Drilling began in the summer of 2011 in both Mexico and Canada, with
encouraging assay results reported from both projects
* The high-calibre management team has proven success in the financing,
developing and building of mines, including developing gold and silver
deposits in Mexico
In December the company closed a non-brokered private placement of $4.5 million
at $1.25 per share. The majority of the proceeds from this financing are being
used to advance the San Diego project.
eResearch cautions that the company has, as yet, no revenue-generating
operations, and is dependent on continued financing.
The company is trading at $1.60, and with approximately 61 million shares
outstanding, is capitalized at $98 million. For more information about GoGold
please visit their website at www.gogoldresources.com, or contact Sean Tufford
at 902-482-1998 or email sean(at)gogoldresources.com.
For a copy of the report, contact eResearch at www.eresearch.ca. While on their
site, sign up for their free reports. eResearch does not receive a fee for the
preparation and publication of StockPotentials reports.
InvestmentPitch.com is a multimedia company that provides a combined solution
for creating and hosting financial video content, and distributing it across
multiple platforms to investors and financial professionals. InvestmentPitch.com
specializes in producing three minute videos based on news releases and research
reports.
CONTACT:
InvestmentPitch.com
Barry Morgan, CFO
604-684-5524
bmorgan(at)investmentpitch.com
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: InvestmentPitch via Thomson Reuters ONE
[HUG#1591484]
Unternehmensinformation / Kurzprofil:
Datum: 05.03.2012 - 22:53 Uhr
Sprache: Deutsch
News-ID 121873
Anzahl Zeichen: 4501
contact information:
Kategorie:
Business News
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