Banro Resources Inc. has released a new resource estimate for its wholly-owned Namoya project in the Democratic Republic of the Congo. Instead of 938,800 indicated resources and 621,500 inferred, Namoya now has 376,100 gold ounces measured, 748,300 indicated, and 407,700 inferred. Measured plus Indicated went up by 217,200 oz., or 23.1%. The news release announcing it goes into further detail.
Banro sent this item to the web just before yesterday's market open. In trading yesterday, it closed at $1.42, up 7 cents on light volume.
The company's Google Finance web page is here.
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NOTE: This blog is confined to aggregating news relating to Canadian gold stocks, as well as to commenting on past and present price movements, and is intended as an informational resource. It is not intended to make recommendations, nor is it a tool for forecasting future price movements. Its author is not a qualified investment advisor, and as such cannot make any investment recommendations. Should you be interested in any stock that appears here, please consider carefully if it is suitable for you and your portfolio. Please also consider seeking advice from a professional investment advisor if you have not already done so.
Thursday, March 12, 2009
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