CCM Research Issues Update Report on Nayarit Gold, Inc.
Posted on: Tuesday, 25 March 2008, 12:00 CDT
CCM Research analyst, Kipley J. Lytel, CFA, has written an update report on Nayarit Gold, Inc.
Nayarit Gold, Inc. (TSX VENTURE: NYG) (PINK SHEETS: NYRTF) is a Canadian gold and silver exploration company. The Company controls over 102,000 hectares of mining concessions, known as the Orion Project, in the State of Nayarit, Mexico. Management's strategy is to build Nayarit Gold Inc. into a profitable resource company and maximize shareholder value through exploration of its high quality mining properties.
In the report the analyst states, "The Company continues to exhibit immense Au resource potential, drilling traction & continued positive assay results. Further, the Company has banked another funding round to cover 2008 operations, including a prospective resource estimate by year-end."
The analyst continues, "With the completion of Phase I drilling and the start of Phase II, Nayarit is ramping up drilling in a big way with the aim of doing a resource calculation on the Animas Vein system by the end of the year. Presently, two drill rigs are turning and a third is expected shortly."
Regarding Minas de Animas, the analyst notes: "Results from the drilling are showing this system is rich, being dominantly silver with strong gold credits. To date, the highlight intersection is from OR-07-32 which returned 11 metres of 1179 equivalent grams per tonne silver, or 23.6 grams per tonne gold."
A free copy of the report can be found at: http://www.baystreet.ca/articles/research_reports/ccm_research/NYG_Update%20Report_March%20252008.pdf.
CCM Research is a division of Cronus Capital Markets, Inc. Cronus Capital Markets, Inc., through its CCM Corporate Advisory division, entered into a one year $45,000.00 contract with the Company to assist it with the creation and execution of information-based strategies to overcome market inefficiencies that are commonplace for the vast majority of public companies, including share illiquidity, lack of credibility, and stagnant market capitalizations.
Cronus Capital Markets(R) (CCM) is a leading capital market services firm providing services to investors, institutions, exchanges, and public companies. CCM's equity research, indexes, and ETFs receive international attention and represent important new sectors of growth.
SOURCE: Cronus Capital Markets
The TSX Venture Exchange has neither approved nor disapproved the contents of this press release.
Contacts: Cronus Capital Markets Peter Soni Chief Information Officer (416) 368-3700 ext 225 Email: Peter@cronuscapitalmarkets.com
SOURCE: Nayarit Gold, Inc.
Source: MARKET WIRE
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