Toronto, ON / ACCESSWIRE / March 3, 2014 / Crown Gold Corporation is a junior mining exploration company intent on finding and advancing mining properties in order to become a large-scale producer. The Company's current focus is on its Superior Project, a copper project located in Plumas County, California.
eResearch Corporation has issued a comprehensive Initiating Report on Crown Gold, which is currently focused on two past-producing copper mines. The Company’s Superior Project consists of 132 unpatented contiguous mining lode claims and 36 patented mining lode claims. Crown Gold is seeking a joint-venture partner to assist it in bringing forward the Superior Project.
If Crown Gold can confirm the historical resource estimate of 2 billion pounds of copper estimated by Placer Development in the 1960s in a NI 43-101 Technical Report, the Company would be an attractive acquisition candidate, and its shares would have considerable upside potential.
eResearch’s valuation computations derived an initial Target Price of $0.07 per share, while initiating secondary and tertiary Target Prices at $0.10 and $0.19 per share.
Read the complete report here: Crown Gold
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