New Carolin Gold Corp - LAD.V
Developing its Assets
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Here are the reasons I purchased the shares of New Carolin Gold Corp.
• Low share price (<C$0.05) means market has totally discounted the company’s value.
• New Carolin Gold Corp. now owns 100% of the southern portion of the entire project and 40% of the northern portion of the target. The remaining 60% of the target is held by Century Mining, which is now in receivership. It is my belief that the chances of acquiring the remaining 60% from the receiver are very high. Once fully acquired, the Carolin Mine Project will include the following:
o NI 43-101 inferred gold resource of 607,000 ounces;
o A deposit that is open along strike and at depth;
o Newly discovered McMaster high-grade surface gold surface discovery with starter pit identified;
o Tailings deposit permitted for mining that contains in excess of 23,000 oz. can be used to fund 100% acquisition of the entire Carolin Mine Project and potentially provide early exploration and development funding, thus negating significant shareholder dilution;
o Historical data includes 595 holes drilled, 40,000 meters;
o Existing mining permit in good standing;o Existing underground mine in good condition with 10.2 kilometers of underground workings;
o 30% of the mill complex still standing;
o Management owns approximately 30%;
o Excellent infrastructure, 2-hour drive from Vancouver; |
