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  • Ardent Mines Ltd. (ADNT) Is “One To Watch” 20 comments
    Jul 16, 2012 2:49 PM | about stocks: ADNT

    Ardent Mines is a NY-headquartered mineral developer with extensive ties in Brazil, the cultivation of which reached a high-water mark in 2011 with the acquisition of the company's primary foci, the Misty Hills Project (just 12.4 miles south of one of the planet's most well-known, high-grade gold and platinum group metal deposits, Serra Pelada) in Para and the Gold Hills Project (estimated resource potential calculated to be 931k oz Au) in Pernambuco.

    With globally recognized exploration-to-production mining consultancy practice SRK Consulting Inc. in tow to handle NI 43-101 compliant technical reportage and the like, ADNT is fiercely proceeding with the Gold Hills Project in particular. The recent commencement of the geological exploration campaign at Gold Hills (exploration potential of the some 8,650 acres of mineral rights was previously calculated by SRK to be 3.6M to 6M tons at an average grade of 4.0 g/t to 7.0 g/t Au) along the 8.4-mile long gold trend was a good opportunity for ADNT to flex their managerial muscle, and the company's leadership has wasted no time in assembling an extremely proficient, veteran technical team to spearhead operations.

    ADNT has a 100% interest in Gold Hills Mining Ltda., which owns mineral rights on the entire Gold Hills property, and the company brought in some serious muscle, with extensive knowledge of developing minerals in Brazil and Venezuela, to supercharge the local operation. A rigorous perusal of the extant geochemical/geophysical data on Gold Hills (including extensive work done by Brazilian government agency CPRM, who pulled over 100k ounces of gold from ore at grades of 60 to 260 g/t), combined with surveying, sampling, drainage, and underground work, was priority one for SRK and the ADNT team, and the results of this analysis/work, modeled via detailed geological and structural mapping, affirmed the main mineralized body dimensions, as well as allowing for the identification of seven, distinctly richer zones. SRK put in a good deal of work prepping the underground area for exploration, including clearing debris and reinforcing the main shaft and galleries.

    The seven distinct richer zones being identified is great news as the company kicks off their now finely-tuned exploratory drilling program of some 9,840 feet at Gold Hills (the company intends to have drills in the ground within four weeks of the July 2 announcement date pending finalization of the drilling contracts and has approved an initial budget of $750k, including services and core boxes). Processing of some 10 kg of tailings from historical artisan workings in one of the newly identified rich areas on the site showed a very high-grade 0.3 g/t Au via manual pan concentration testing, further underscoring the analytical review model and potential of the project/new areas.

    Gold Hills is shaping up to be a globally-competitive, significant gold trend and will likely be the company's main focus moving forward, with the 70% interest (option for remaining rights after initial exploration), 24.7k-acre Misty Hills Project in second place, despite its tantalizing potential. The Carajás Mineral Province in which the Misty Hills project sits is extremely receptive to mining and has seen widespread mineral recovery activity since at least the local gold boom in the 1970′s. The Misty Hills geology looks like a clear extension of neighboring iron, copper, and gold mineralization in which millions of ounces of gold has been confirmed, with a 15 lb nugget being the biggest chunk recovered back during the Serra Pelada gold boom.

    Prior shallow open pitting to a depth of approximately 40 to 50 feet with small shafts slightly deeper (now flooded) showed copper at concentrations of 0.5% to as much as 3%, with gold concentrations up to 10 g/t according to the local miners. The extremely rich mineralization of gold and platinum group metals in the area offers profound value potential for Misty Hills and while the main focus for ADNT is currently on Gold Hills, the company eventually plans to pursue a projected $5-10M initial exploration campaign as per the Misty Hills Option Agreement.

    Gold Hills alone has roughly $64.6M (by current in-situ gold price) in it and with Misty Hills also looking like a prime target, ADNT has clearly assembled a very nice acreage position for itself in Brazil. The company is continuing to exploit their extensive regional ties and due diligence expertise to find additional prime targets, but looks towards Gold Hills as the current flagship endeavor.

    Ardent Mines is on-track to become Brazil's next gold producer, with the local field office down in Brasilia providing regional over watch as things progress. Since the beginning of this year, the stock's price has already risen by more than 700%. To learn more about this emerging mineral developer, please visit the Ardent Mines Ltd. website at: ArdentMines.com

    Please see disclaimer on the QualityStocks website: disclaimer.qualitystocks.net

    Stocks: ADNT
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Comments (20)
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  • ADNT: US chart breaking 200 MA line and heading to $3.25 see open gap on chart click link http://bit.ly/O7CaJe
    21 Jul 2012, 03:38 PM Reply Like
  • I am shareholder of this company for a while and I can tell you that last 3 months this thing shines like diamond, oh, sorry, like GOLD in my portfolio.
    22 Jul 2012, 06:28 PM Reply Like
  • ADNT : $64.6 million or $3.88 per share, SISM 12-months target price see: http://bit.ly/MFc6Lh
    http://bit.ly/MFc6Lj only 16,300,000 shares issued with 5,8M in trading float
    24 Jul 2012, 06:53 AM Reply Like
  • You have to note that this estimate is based only on one of two properties which has smaller potential! Big play comes on Misty Hills, can't wait when exploration starts there. ( http://bit.ly/Qx3UNz )
    24 Jul 2012, 10:20 AM Reply Like
  • ADNT - Ardent Mines Limited Best Performing Stock (up 640% in last 6 month ) see Dow Jones U.S. Basic Resources Index link

     

    http://bit.ly/PiBhha

     

    ADNT chart break out at $1 http://bit.ly/PiBf91
    31 Jul 2012, 09:11 AM Reply Like
  • Gold Stocks Benefitting From Continuous Uptick in Gold Prices

     

    Gold Stocks Benefitting From Continuous Uptick in Gold Prices

     

    http://bit.ly/QXz8JI
    NEW YORK, NY -- (Marketwire) -- 07/31/12 -- Gold prices have recently hit a three-week high after comments from European Central Bank President Mario Draghi increased speculation that more quantitative easing was on the way."Within our mandate, the ECB is ready to do whatever it takes to preserve the euro," Mario Draghi said at a recent conference. "And believe me, it will be enough." The SPDR Gold Trust ETF (GLD) has risen 2.56 percent in the last week. The Paragon Report examines investing opportunities in the Gold Industry and provides equity research on Kinross Gold Corporation (NYSE: KGC) (TSX: K) and Jaguar Mining Inc. (NYSE: JAG) (TSX: JAG).

     

    Access to the full company reports can be found at:

     

    http://bit.ly/OzqiFA

     

    http://bit.ly/QXz6l0

     

    Gold prices hit as high as $1,628.60 an ounce last Friday, but settled at $1,618. Following Mario Draghi's comments German Chancellor Angela Merkel and French President François Hollande on Friday both had vowed to do "everything possible to protect the euro zone." A recent article from the Wall Street Journal suggested that Federal Reserve officials were growing impatient with the economy's recovery and were moving closer to stimulus.

     

    "Gold has shown itself sensitive to monetary policy announcements this year and any indication of further easing would buoy gold prices, we believe," said James Steel, an analyst with HSBC, in a note.

     

    Paragon Report releases regular market updates on the Gold Industry so investors can stay ahead of the crowd and make the best investment decisions to maximize their returns. Take a few minutes to register with us free at http://bit.ly/OzqgNN and get exclusive access to our numerous stock reports and industry newsletters.

     

    Kinross is a Canadian-based gold mining company with mines and projects in Brazil, Canada, Chile, Ecuador, Ghana, Mauritania, Russia and the United States. The company recently reported that it has completed the sale of their interest in the Crixás (Serra Grande) gold mine in Brazil to AngloGold Ashanti for $220 million. Kinross is scheduled to release second quarter 2012 financials on August 8, 2012.

     

    Jaguar Mining is a gold producer in Brazil with operations in a prolific greenstone belt in the state of Minas Gerais. Jaguar sold 30,138 ounces of gold at an average realized price of $1,691 per ounce in the three months ended March 31, 2012 compared to 39,794 ounces of gold at an average realized price of $1,386 per ounce in the three months ended March 31, 2011.

     

    The Paragon Report has not been compensated by any of the above-mentioned publicly traded companies. Paragon Report is compensated by other third party organizations for advertising services. We act as an independent research portal and are aware that all investment entails inherent risks. Please view the full disclaimer at: http://bit.ly/QXz90h

     

    Add to Digg Bookmark with del.icio.us Add to Newsvine

     

    Marketwire

     

    July 31, 2012 - 8:20 AM EDT
    31 Jul 2012, 02:39 PM Reply Like
  • ADNT GOLD NEWS High Grade Gold Results foundin Brazil http://bloom.bg/QHAttt
    7 Aug 2012, 02:59 PM Reply Like
  • Uncertainty in Europe and continuing FED easing forcing investors like me to find safe haven for their money in equities. ADNT has been delivering remarkable capital gains. Isn't it a good gold stock to hold onto in this economic environment?
    8 Aug 2012, 02:07 AM Reply Like
  • ADNT is up 729% in the last 6 month and best performer on DJ Basic Resources Index http://bit.ly/PiBhha
    8 Aug 2012, 04:43 PM Reply Like
  • ADNT entered into consolidation phase , looking to break out
    15 Aug 2012, 02:22 PM Reply Like
  • Ardent Mines to Initiate Exploratory Drilling at Gold Hills (Serra do Ouro)
    NEW YORK--(BUSINESS WIRE)--

     

    Ardent Mines Ltd. (ADNT) (the "Company" or "Ardent Mines"), a precious resources exploration, development, and mining company focused on advancing its two gold properties in Brazil, announced today that it has contracted DRILRENT Ltd. (“DRILRENT”), a Brazilian-based company with more than 30 years experience, to commence an exploratory drilling campaign at Gold Hills (Serra do Ouro), the Company’s flagship property located in Northeast Brazil.

     

    “This is another significant step in the advancement of our Gold Hills project,” stated Luciano Borges, geologist and President of Ardent Mines. “Our technical team recently refined the geological and structural mapping of the main gold occurrences identified within the project and as a result identified seven zones with richer mineralization potential. This initial exploratory drilling will focus on those areas.”

     

    Mr. Borges continued, “DRILRENT was selected based on their successful experience in the region, their state-of-the-art equipment, flexibility to begin drilling immediately and availability of additional drill rigs if needed. And, importantly, they were cost effective.”

     

    The drilling contract, which is expected to be complete by late September, covers 3,300 meters for a total cost of approximately $700,000.

     

    ABOUT ARDENT MINES

     

    Ardent Mines plans to develop low cost gold mining operations in Brazil, a mining friendly jurisdiction on two primary projects, Gold Hills and Misty Hills. Ardent Mines owns a 100% interest in Gold Hills Mining Ltda., which in turn owns mineral rights on 3,500 hectares, covering a highly-mineralized vein containing high grades of gold. Ardent Mines also owns the mineral rights on the Serra do Sereno (Misty Hills) property, located in Carajas, Brazil, one of the better known mining districts in the world. Ardent Mines is headquartered in New York, and has a field office in Brasilia. The Company has 16.3 million shares outstanding, and trades under the ticker symbol ADNT.

     

    For more information on Ardent Mines Ltd., visit its website at http://bit.ly/MFc6Lj.

     

    Forward-Looking Statements

     

    This press release contains "forward-looking statements" as defined in the U.S. Private Securities Litigation Reform Act of 1995. These statements are based upon our current expectations and speak only as of the date hereof. These forward-looking statements are based upon currently available competitive, geological, financial, and economic data and management's views and assumptions regarding future events. Such forward-looking statements are inherently uncertain. Our actual results may vary materially from those expressed in any forward-looking statements as a result of various factors and uncertainties. Ardent Mines cannot provide assurances that any prospective matters described in the press release will be successfully completed or that Ardent Mines will realize the anticipated benefits of any mining activities or transactions. Various risk factors that may affect our business, results of operations and financial condition are detailed from time to time in the Annual Report on Form 10-K and in the Current Reports on Form 8-K and other filings made by Ardent Mines with the U.S. Securities & Exchange Commission. Ardent Mines undertakes no obligation to update information contained in this release.

     

    Neither the OTC nor any Market Regulation Services Provider (as that term is defined in the policies of the OTC and SEC) accepts responsibility for the adequacy or accuracy of this release.

     

    Contact:
    Ardent Mines Ltd.
    Luciano Borges, 55-61-30334964
    855-ARDENTM (273-3686)
    President
    info@ardentmines.com
    16 Aug 2012, 09:07 AM Reply Like
  • Today great news are out! Start of drilling campaign on gold hills. http://bit.ly/RjDoJ9
    16 Aug 2012, 09:25 AM Reply Like
  • ADNT chart break out at $1 watch video

     

    http://bit.ly/S0Pt5c
    16 Aug 2012, 03:00 PM Reply Like
  • ADNT found high copper grades in addition to Gold at Misty Hills , see news: http://bit.ly/PemOVp
    23 Aug 2012, 07:29 AM Reply Like
  • 16 trillion reasons to own GOLD story : http://seekingalpha.co...
    6 Sep 2012, 08:40 AM Reply Like
  • ADNT buying signal on weekly chart time to load up http://bit.ly/SqA7C8
    16 Sep 2012, 07:42 AM Reply Like
  • ADNT - Ardent Mines Ltd. Hot Stock Story to read about Secret Mine in Brasil : http://bit.ly/RI54En
    7 Nov 2012, 05:40 AM Reply Like
  • ADNT Ardent Mines Ltd. filed to change name into Gold Hills Mining Ltd. reverse split 100:1 in common stock . Issued shares 372,000 post reverse
    1 Feb 2013, 06:47 AM Reply Like
  • ADNTD GOLD HILLS MINES , LTD GHML
    23 Feb 2013, 11:14 AM Reply Like
  • Gold Hills Mines , LTD "GHML" website: http://goldhills.com.br
    11 Mar 2013, 06:44 PM Reply Like
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