Rob McEwen, Goldcorp founder sees $5000 gold
Goldcorp Inc. founder Rob McEwen, who has more than $100
million in gold investments, said he expects the metal to
top $5,000 an ounce asgovernments increase the money supply
to combat recession.
Bullion will more than double to $2,000 an ounce by the end
of next year before rising to McEwen’s target by the end
of the cycle, which could take anadditional four years,
the investor said.
“Politicians around the world are listening to cries from
their electorates and they’re giving money to all callers,”
McEwen said yesterday in a telephone interview from Toronto.
McEwen, who founded what is now the world’s second-largest
gold producer by market value, owns stakes in three Canadian
precious-metalexplorers worth more than $100 million.
He said he also has a “big,big” holding in bullion.
Gold gained for the eighth straight year in 2008 amid
investor concern theeconomy would collapse and government
efforts to prevent that would increase inflation
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Vancouver Resource Investment Conference - January 17 & 18, 2010
vancouver_skyline
Hyatt & Fairmont Conference Hotels, Vancouver, BC
NEW LOCATION for JAN 2010 ONLY
Conference Registration | Agenda | Hotel & Travel | Floorplan
Speaker Line Up | Exhibitor List | Exhibitor Information
Vancouver 2010: Exhibitors & Sponsors
Welcome to visit us for more info at H80
.
Conquest Resources Ltd. CQR - TSX - H80
"CONQUEST & GOLDCORP CHALLENGE"
Goldcorp Inc. (TSX:G)(NYSE:GG) provided highlights of its successful $110 million 2009 exploration program.
- Red Lake High Grade Zone Continues at Depth.
Several assay intervals in excess of 60 grams per tonne in the deep High Grade Zone-
support the strong potential for gold resource to reserve conversion between the 46 and 50 levels,
as well as for new gold resources belowthe 50 level.
A new and growing area of high grade gold called the FarEast Zone
has also been identified up-plunge from the High Grade Zone.
In the under-explored Party Wall area ("R Zone") between Campbell and
the Red Lake,
strong results from the deepest drilling will direct an aggressive exploration campaign in 2010.
The new and growing area of high grade gold called the FarEast Zone -
conquestresources.net
....has also been identified up-plunge from the High Grade Zone -
we see in this area of the new headframe and shaft in the background of the picture -
with a cost for Goldcorp of about $125,000,000.00 to construct -
more than $125 Million in the development beside the Conquest Alexander gold virgine property -
At the Red Lake Gold Mine -
a primary focus of exploration at Red Lake in 2009 was the early completion of the 4199 exploration drift,
enabling drilling of the deep High Grade Zone for the first time in four years.
Five assayed drill holes have been completed within the resource shape from this platform,with results
indicating the continuation of the High Grade Zone atdepth.
This year, the Company is targeting new gold reserves in the zone between the 46 and 50 levels
and new resources below the 50 level.
The 4199 exploration drift will now provide the primary exploration platform for exploration of the deep
High Grade Zone on an ongoing basis.
It will be developed progressively in order to maintain favourable drilling geometry into the area.
The Party Wall at Red Lake comprises the former boundary areabetween the Red Lake
and Campbell mines that had been previously unexplored.
Assays over the last two years have demonstrated a highgrade gold resource. Mining operations
in the shallower portions of theParty Wall have drifted toward the gold zone, with in-fill drilling
confirming the resource model.
Deep drilling of the Party Wall area tothe 38 level has resulted in some of the highest grade intercepts
todate, and will be the focus of an aggressive drill program in 2010.
Up-plunge and to the east of the Red Lake High Grade Zone lies an underexplored area
called the Far East Zone.
Assay results in 2009indicate an ore grade gold zone
at the 16 level that will continue tobe tested
as drilling moves closer to the surface.
Red Lake Drilling Results
---------------------------------------------------------------------------
Drill Approx. true
Hole Area From (m) To (m) width (m) Au (g/t)
---------------------------------------------------------------------------
D44008 High Grade Zone 49 level 360.30 365.91 4.50 931.89
---------------------------------------------------------------------------
D44004 High Grade Zone 48 level 362.41 374.29 8.11 65.83
---------------------------------------------------------------------------
D43058 High Grade Zone 49 level 322.78 325.53 2.19 120.00
---------------------------------------------------------------------------
D43059 High Grade Zone 49 level 359.36 369.94 10.58 43.89
---------------------------------------------------------------------------
D36439 R Zone 92.20 96.77 3.50 60.00
---------------------------------------------------------------------------
D41178 R Zone 663.25 670.56 4.73 45.87
---------------------------------------------------------------------------
16L1427 Far East 21.03 32.13 9.24 29.83
---------------------------------------------------------------------------
16L1426 Far East 38.40 42.67 4.00 31.70
---------------------------------------------------------------------------
GOOD LUCK AND GOD BLESS
If America is to be saved, we will have to return to a gold standard.
Until that time, if we are to be saved, then we must put our
financial assets into gold....
conquestresources.net
EX..CQR Gold virgine play bargain..beside one of the worlds richest
gold mines and lowest cost gold producers..dd....
For further information
Terence N. McKillen, President & CEO, (647) 728-4126
D. Brett Whitelaw, Vice-President, (604) 662-8633
John F. Kearney, Chairman, (416) 362-6686
Robert Kinloch, Director, (306) 343-5799
Email: info@conquestresources.net,
URL: conquestresources.net
finance.yahoo.com
conquestresources.net
conquestresources.net |
