Staccato Gold (0.18 CAD)
(CAT.V)
The following is a company we have been watching for a while.
“Staccato Gold is a growing gold exploration company, publicly traded on the TSX Venture Exchange (TSX-V: CAT). The company was established in the fall of 2003 and HAS SINCE ASSEMBLED A SUITE OF HIGH QUALITY, HIGHLY PROSPECTIVE EXPLORATION ASSETS, WITH OPERATIONS AND EXPLORATION ACTIVITIES IN THE CARLIN, BATTLE MOUNTAIN/EUREKA AND INDEPENDENCE TRENDS IN NEVADA.” "We're pleased to have assembled in a short time such an impressive portfolio of projects with some of the best partners in the industry," said Robert Lipsett, president of Staccato Gold. - click here...
This is an area play close to the Cortez Trend. The property shows promise as interest builds in the Cortez area & its primary attraction at present is its cheap stock price. Gold Letter Editor
“The suite of properties includes 615,000 ounces in situ in the measured, indicated and inferred categories.” “Each of Staccato's properties fits the company's strategy of combining the lower risk of advanced-stage projects with the raw potential of world-class locations.” - click here...
http://www.staccatogold.com/s/Home.asp
The market cap for this company is considerably low considering its sizeable & substantial holdings. The price is starting to rise as of this writing & if you look at this play & think it worthy you might want to hurry & stake a position. Gold Letter Editor
THE ICBM PROPERTY (CORTEZ TREND) IS JOINT VENTURED WITH BARRICK GOLD CORPORATION WITH STACCATO HOLDING A 67.5 PER CENT INTEREST AND BARRICK HOLDING THE BALANCE. IN JANUARY 2005, STACCATO OPTIONED ITS LONG PEAK PROPERTY (CORTEZ TREND) TO PLACER DOME.” - click here...
At the time of this writing its market cap is still under 5 million U.S. but more than likely heading higher. Remember our last review – US Gold? Staccato also has holdings in the Cortez Trend just as US Gold. But Staccato isn’t as important a play as US Gold. US Gold’s excitement was a result of the company being taken over directly by Robert McEwan – of Goldcorp fame. Gold Letter Editor
“VANCOUVER - August 16, 2005 - Staccato Gold Resources Ltd. (CAT: TSX-V) is pleased to announce that Staccato is advised that Placer Dome submitted a Notice of Intent permit to the US Bureau of Land Management on July 21, 2005 for 11 drill sites at Staccato's 100% owned Long Peak property in the Cortez/Battle Mountain trend, Nevada.” “Pending granting of the permit, DRILLING IS PLANNED TO COMMENCE IN EARLY SEPTEMBER.” “The Long Peak project is situated between the Lone Tree mine (Newmont) and the Marigold mine (Glamis) to the northwest, the Surprise/Labrador deposits to the east and the Fortitude/Phoenix complex (Newmont) to the southwest. TO DATE OVER 10 MILLION OUNCES OF GOLD HAVE BEEN PRODUCED FROM THIS DISTRICT. The Long Peak property has potential for both open pit, low grade copper/gold deposits and underground, high grade gold targets similar to nearby operations.” - click here...
Regardless, Staccato does still represent a good speculation for having a significant property holding in this Cortez Trend area. MORE THAN LIKELY GROWING OVER ALL INVESTOR INTEREST IN THE CORTEZ AREA WILL DRIVE STACCATO’S SHARE PRICE HIGHER. Drilling will ultimately determine the value of Staccatto Gold. Consider this as an aggressive speculation as Staccato Gold begins their drilling program to determine what is in the ground. Gold Letter Editor
Staccato Gold (CAT.V)
For a knowledgeable gold analyst & former gold mining executive/geologist call:
Steve Todoruk, P.Geo.
Global Resource Investments Ltd.
Investment Executive
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