Streetinvesing empfiehlt Vedron Gold Inc.
Streetinvesting.com has focused their attention on Vedron Gold Inc. (TSX-V:VG). With a continual rise in share value and trading volumes holding steady, our research professionals are interested in both the short and long-term future for Vedron.
Vedron Gold Inc. is a mining exploration and development company with interests in four advanced gold projects located in Timmins, Ontario. Formed in 1972, Vedron Gold Inc. is an Ontario corporation that has been active in the Timmins district since 1980. Vedron holds a field office in the Timmins area, staffed by an operations manager and two exploration geologists overseeing the exploration and development of this company's properties.
Vedron Gold's portfolio of developed gold properties include Fuller, Davidson Tisdale, Maude Ramp and Buffalo Ankerite, located in Timmins which maintains all the mining infrastructure necessary for gold production. They specialize in finding and expanding zones of gold mineralization with exploration drilling, and by advancing the properties to the production stage. Current activities include; exploration, mine planning, permitting, and economic studies.
Vedron's gold properties are located in the heart of the world class Timmins gold camp. Timmins, which is world famous for its multiple successful gold mining operations is home to various other successful mining operations. Some such examples of these operations include: the Dome, Hollinger, McIntyre and Aunor mines, which have collectively produced approximately 50 million ounces of gold.
As Vedron continues to carry out exploration and development work on their four gold properties, the company is furthering its growth potential and emerging as a Timmins area junior producer. Management's long-term plan is to build the company towards an intermediate gold producer through both mine development and corporate transactions.
On Jan 4th, Laurion Gold Inc.(TSX-V:LAG) and Vedron were pleased to announce that it they had completed one of their pending transactions. Originally disclosed by press releases dating back to early and mid December, Vedron and Laurion entered into a second amended and restated option agreement. Vedron had further amended and restated an option agreement dated February 17, 2005 between the two companies. The 2005 Option Agreement had pertained to the Davidson-Tisdale Property, which is owned by Laurion and is optioned to Vedron.
The 2006 Option Agreement is a fundamental part of a larger corporate restructuring by Laurion, which significantly reduced the number of issued, and outstanding Laurion Shares and increased the working capital available to Laurion. This corporate restructuring is expected to aide in Laurion’s conduct exploration work on its resource properties, which, in respects to the property, could result in a more clearly defined relationship with Vedron.
To be more specific, the 2006 Option Agreement will enable Vedron's to acquire an Additional 40% interest in their partially, previously owned Davidson-Tisdale Claims.
This option will be carried out through installment payments totaling approximately $5,000,000 before March 14, 2008. However, the remaining 19 claims comprising the property will continue to be held in100% by Laurion. The agreement then went on to stipulate that by paying $1,575,000 to Laurion over a three year period, Vedron would be able to earn up to an additional 9% interest in the Davidson-Tisdale Claims over and above the aforementioned 51% interest. As of December 30, Vedron had earned an 11% interest in the Davidson-Claims by making the expenditures and payments required under their 2005 Option Agreement, which totaled approximately $1.1 million.
In lieu of these recent press releases, as well as the rich gold producing history of the Timmins area in which Vedron operates, Streetinvesting.com will be keeping this company high upon our radar gauge. The aforementioned information has illustrated, this company has a lot going on at the moment and it seems a lot more could be in the fold for the future.
Streetinvesting.com will be covering the progress of this company throughout the coming weeks and months to see if they are able to maintain this recent rise in market activity. |
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