Tuesday, April 14, 2009

Gold: Canadian Gold Hunter Completes Initial Phase Drill Program at Caballo Blanco, Mexico CGH.to, SAX.to, OK.v, FST.v, LUN.to, FVI.v, PAA.v, SNU.v

As you can mention from our previous post about Orko Silver OK.v you were able to Buy OK.v at levels as low as 0.3CAD last October and now Pan American Silver is making a PP at 1.25CAD. Canada Gold Hunters CGH.to is forgotten by market story about Lundin Lukas Gold Exploration play in Mexico. News on recent drilling are not spectacular, but solid with large open pit mining model in mind. If Gold will stay above 1000 USD/oz in the future this kind of play will be back onto the radar screens. Lukas Lundin apparently has some breath now with Lundin Mining LUN.to above 2.0 CAD and financing done to address liquidity problems, Tenke Fungurume has started first Copper production, so maybe he will have some energy for his small Exploration plays. First step is consolidating at this ridiculously cheap levels and merger between CGH.to and Suramina Resources SAX.to his Argentina and Chile plays in Gold, Silver and Copper to be closed shortly. He has a few other companies engaged in Africa like Sanu Resources SNU.v, Fortress Mining FST.v in Russia among others. Suramina Resources SAX.to has received a nice premium to its trading in the market in all share deal, so some shopping could be warranted at this levels.
"VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 7, 2009) - Canadian Gold Hunter Corp. (TSX:CGH - News; the "Company") announces that it has completed the initial follow up phase diamond drill program on the Caballo Blanco project in Veracruz, Mexico. The program consisted of 14 holes totaling 3,603 metres.
Significant assays from the latest drilling are tabulated below."

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