eResearch Initiates Coverage for Strike Minerals (TSX.V - STK) - Video Summary Posted on InvestmentPitch.com
(Thomson Reuters ONE) -
Vancouver, British Columbia, March 15, 2011 - Toronto based eResearch Corp has
initiated coverage on Strike Minerals Inc (TSX.V - STK) with a speculative buy
recommendation for long-term, risk-tolerant investors. Their 12-month target for
the shares is $0.65.
InvestmentPitch.com, a multimedia technology company, offering a combined
solution for creating, hosting and distributing financial video content has
posted a "video news alert" based on this research report. If this link is not
enabled, please visit www.investmentpitch.com and enter "Strike Minerals" in the
search box.
The following information has been taken from the eResearch report.
"Strike Minerals Inc. is an early-stage mining company with a flagship formerly-
producing gold mine that is being readied to resume production.
The Edwards Gold Mine, between 1996-2001, produced 144,000 oz of gold at an
average grade of 0.39 oz/t. The Company has received permission to recommence
operations at the mine and should dewater the ramp and refurbish the underground
in 2011. This should allow for production to resume in 2012.
At the same time, Strike Minerals is currently conducting delineation drilling
to obtain sufficient data to allow a NI 43-101 compliant Resource Estimate that
will include existing underground workings and new zones.
The Company is also in the process of acquiring a high potential gold project in
Ontario's Hemlo-Schreiber gold district.
Although Strike Minerals has adequate capital for its immediate plans, the
Company will need to seek additional financing to carry out the ambitious
program it has set for itself over the next 18 months. With new aggressive
management in place, we believe the Company will fulfill its mandate, and the
Company's shares should respond accordingly."
For more information about Strike Minerals please visit their website
www.strikeminerals.com or contact their Mike Newbury at 519-686-7573 or email
info(at)strikeminerals.com.
For a copy of the research report, contact eResearch at www.eresearch.ca. While
on their site you can sign up for their free reports.
CONTACT:
InvestmentPitch.com
Barry Morgan, CFO
bmorgan(at)investmentpitch.com
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(i) the releases contained herein are protected by copyright and
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originality of the information contained therein.
Source: InvestmentPitch via Thomson Reuters ONE
[HUG#1497210]
Unternehmensinformation / Kurzprofil:
Datum: 16.03.2011 - 00:08 Uhr
Sprache: Deutsch
News-ID 52465
Anzahl Zeichen: 3012
contact information:
Kategorie:
Business News
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