Re: News....
in response to
by
posted on
Oct 20, 2011 01:10PM
Edit this title from the Fast Facts Section
Yeah! Aggressive plans - me like
"Joseph Arengi, President and Chief
Officer of Alder, stated: "Alder is very pleased to
finalize our arrangement with Calibre and begin
exploration on the highly prospective Rosita Cu-
Au project. Our exploration efforts will focus on
high priority areas identified by our geologists
and will include testing targets around the
historic pits as well as a number of other areas.
Our shareholders can look forward to results
from our exploration efforts in the coming
months."
Douglas Forster, Chairman of Calibre, stated:
"Calibre is delighted to have Alder initiating
exploration on Calibre's Rosita area copper- gold
project. With Alder advancing our Rosita area
targets Calibre will focus on the resource
delineation drill program at our 100% owned
Riscos de Oro gold-silver project and on our
new Primavera gold- copper discovery in
conjunction with B2 Gold."
Alder intends to begin a work program within
the next two weeks that is designed to
accelerate exploration of the Rosita D
concession. Alder's first priority will be to
validate the historic Cu-Au mineral resources on
the property. The initial work program includes
a reinterpretation of the geophysical data,
evaluation of the mineralized dumps by
trenching and reverse circulation drilling, testing
high priority targets around the old Santa Rita
and R- 13 pits and trenching and drilling at
Bambana. Alder plans to use the results of this
initial work to develop an aggressive drill
program that will be designed to lead to a
resource estimate."
This Dudek/Arengi (Forbes & Manhattan) case is too cheap with a market cap of 5Mcad - strong buy!