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
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
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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