Laurentian Bank Securities Initiates Coverage on Adventure Gold (TSXV:AGE) - Video Summary Posted on www.InvestmentPitch.com
(Thomson Reuters ONE) -
Vancouver, British Columbia, February 10, 2012 - Laurentian Bank Securities has
initiated coverage on Adventure Gold (TSXV:AGE). Analyst Eric Lemieux gives the
company a speculative buy rating and a one-year target price of $1.20, implying
a return of 233% from the $0.36 price on the day the report was issued.
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
"Adventure" in the search box.
Adventure Gold is a Quebec-based mining exploration company focused on the
discovery of high quality gold deposits in the Abitibi Greenstone Belt in
northwestern Quebec and northeastern Ontario - one of the richest gold deposit
areas in the world.
The company's portfolio consists of projects within the Val d'Or, Timmins West
gold camps, as well as along the Casa-Berardi-Cameron and Detour Lake areas.
Lemieux stated, "Adventure has an attractive valuation based on our geological
assessment of the portfolio of properties that suggest a net asset value of
$83.6 million or $1.18 per share fully diluted."
He believes the company is emerging as a serious and focused mineral exploration
company by virtue of its growing land position that totals over 45,000 hectares
within emerging gold plays.
Adventure has begun to attract quality joint venture partners such as Agnico-
Eagle and Lakeshore Gold as well as other junior explorers. These partners have
the capacity to advance projects to the production level.
Subsequent to the research report, the company released results from 8 holes
including one drill hole which include an intercept of 1.3 grams per tonne gold
over 125 metres at a depth of 31 metres, and 5.2 grams per tonne gold over 9
metres at a depth of 70 metres.
The company currently trades at $0.42, and with 62 million shares outstanding,
it is capitalized at $26 million.
For more information, please visit the company's website www.adventure-gold.com,
or contact Marco Gagnon, President and CEO at 450-743-5527 or email
marco(at)adventure-gold.com.
The company's investor relations are handled by Elisabeth Tremblay. She can be
reached at 514-585-2906 or by email at elisabeth(at)adventure-gold.com.
For a copy of the research report, contact your nearest Laurentian Bank
Securities office. Their branches are listed on their website at www.lb-
securities.ca.
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reports.
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Barry Morgan, CFO
604-684-5524
bmorgan(at)investmentpitch.com
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Source: InvestmentPitch via Thomson Reuters ONE
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Unternehmensinformation / Kurzprofil:
Datum: 10.02.2012 - 20:53 Uhr
Sprache: Deutsch
News-ID 113541
Anzahl Zeichen: 3724
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