Doyle Investments Announces New Client Coronet Metals Inc.
Doyle Investments Inc. is pleased to present its new client, Coronet Metals Inc. Coronet began trading on the TSX Venture Exchange on Monday, June 6th, under the symbol "CRF".
About Coronet Metals Inc.
Coronet Metals is an advanced-stage, fully-funded gold and silver explorer focused in mining-friendly Latin American jurisdictions.
The management team has over 150 years' experience in the development, financing and operation of mines, with a particular sensitivity to government and community relations.
The company's focus is near-term cash flow that supports an aggressive program of acquisitions and resource expansion.
Coronet's initial acquisition is the Yanamina Gold Project, positioned on the same rich geological trend hosting Barrick's giant Pierina (7.5M/oz) and Alto Chicama (9.1M/oz) gold mines, and Newmont's massive Yanacocha gold mine (19M/oz), located in Ancash province, 175kms northeast of Lima, Peru.
A 2010 independent pre-feasibility study estimated Yanamina's production cash costs at $271/oz, a modest Capex to production of $23 million, with initial production estimated at 40,000/oz gold and 1.4M/oz silver.
A fully-funded $3.5 million drill program is expected to significantly expand the initial NI 43-101 compliant Yanamina resource of 286,000/oz gold and 1.4M/oz silver. The deposit is open at depth, along strike and to both sides.
Management's expectation of near-term production is well-supported by extensive operational experience and access to capital.
About Doyle Investments Inc.
Doyle provides guidance, marketing and strategic capital market advice to public companies, including relationship-building with financial professionals, institutional investors, television, radio, web and print media.
------------------------------------------------------------------ For further information please contact:
Doyle Investments Inc. Tel: 604.608.0824 Toll Free: 877.608.0829 ir@doyleinvestments.com www.coronetmetals.com |