eResearch Issues Initiating Report on Vatic Ventures Inc.
(firmenpresse) - TORONTO, ONTARIO -- (Marketwire) -- 05/17/12 -- Vatic Ventures Inc. (TSX VENTURE: VCV) is engaged in the exploration of its La Silla and La Silla West gold-silver properties in Sinaloa, Mexico.
Vatic's recent Agreement to buy, over a four-year period, Yamana Gold's La Silla property is a real coup for little Vatic. Yamana's subsidiary has done considerable work on the property, having drilled 99 holes and identified 31 gold-bearing veins. The property's drilled-inferred resource inventory is almost 500,000 oz Au. We believe that Vatic could be sitting on a resource of at least 1.5 million oz Au.
We are initiating coverage of Vatic Ventures Inc. with a Speculative Buy rating, and a Target Price of $0.48.
This Press Release was prepared by eResearch and was not vetted by Vatic Ventures Inc. Further, the Recommendation and Target Price contained in this Press Release and in the Initiating Report are strictly those of eResearch and, due to securities laws, are not endorsed by Vatic Ventures Inc.
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Datum: 17.05.2012 - 14:35 Uhr
Sprache: Deutsch
News-ID 147795
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Investment Opinion
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