CCM Research analyst, Kipley J. Lytel, CFA, has written an update report on Nayarit Gold, Inc.
Nayarit Gold, Inc. (TSX VENTURE:NYG - News; PINK SHEETS:NYRTF - News) 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 Orion Project is host to a series of high-grade silver veins with a strong gold credit. NYG has drilled 19 holes at the Animas discovery zone (with two holes still in progress) and acquired seven additional mining concessions totaling 2,730 hectares in Orion Silver-Gold Mining District. The Company delivered Phase I drill program with quick turnaround and solid results, while Phase II is underway."
The analyst continues, "NYG is continuing to strengthen its management team and the current success is viewed as correlated with this group of seasoned and competitive individuals."
A free copy of the report can be found at:
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