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Mining Top 25 for 2010 - 21 - Skygold Ventures Ltd.



Released during January 2010, meaning that much has changed since then. Track our “Mining Top 25 portfolio” at caesarsreport.com/portfolio Sign up at caesarsreport.com to receive all reports and alerts live, free of charge.

Price C$ 0.255

Ticker SKV.V
O/S 87,010,000
Avg. Volume 245,900
Market Cap C$ 22.19M
Sector Mining (Au)
Countries Active Canada
Cash C$ 3.2M + 1.7M receivable from government C$ 2M of capital was raised about 30% above market price

Company Statement

The flagship Spanish Mountain gold project is one of the first recognized occurrences of a sediment hosted gold system in British Columbia. The project is at an advanced stage and Skygold has released an updated NI 43-101 compliant resource estimate in 2009.

The Spanish Mountain gold project is located about 6 kilometres from the village of Likely, in the Cariboo region of central British Columbia, approximately 70 kilometres north-east of the city of Williams Lake. This project is host to a potentially bulk mineable, large tonnage sediment hosted gold deposit with significant size potential.



Positive / Negative

Positive:
Great advanced (Spanish Mountain) and early exploration project (Spanish Creek), recent private placement at C$ 0.33CAD, Mining Friendly Jurisdiction
Negative: low-grade ore



Main catalysts for 2010

- Ongoing drilling on its properties
- Development decision in 2010

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The CaesarsReport.com employees, Caesars Report ("We" “They” “Caesars Report”) are not Registered as an Investment Advisor in any jurisdiction whatsoever. CaesarsReport.com employees are not analysts and in no way making any projections or target prices. Neither the information presented nor any statement or expression of opinion, or any other matter herein, directly or indirectly constitutes a representation by the publisher nor a solicitation of the purchase or sale of any securities. The information contained herein is based on sources which we believe to be reliable but is not guaranteed by us as being accurate and does not purport to be a complete statement or summary of the available data. The owner, publisher, editor and their associates are not responsible for errors and omissions. They may from time to time have a position in the securities mentioned herein and may increase or decrease. Please always do your own research. All information was provided by the company, their presentations and website. We are not responsible for errors made herein. Please consult a broker before purchasing or selling any securities mentioned herein.



Disclosure: We hold a Long position in Skygold Ventures Ltd., this means we are biased, so please do your own research. Educational use only, not intended as advice.