Maudore Minerals (TSX-V: MAO and OTC: MAOMF) released another round of excellent drill results at their 100% owned Comtois Gold project in the Abitibi Greenstone Belt of Quebec last week (Wednesday, March 24 -2010)
- which we saw as great news for the Company, and furthered our opinion that Maudore’s continued success with their drilling program is adding value to a Company that has already discovered a high grade gold deposit (524,000 ounces at 20+ g/t) – in one of the very best gold jurisdictions in the world – with Val-d’Or to the south and Timmons/Kirkland Lake to the west.
Therefore, we see this recent round of what we assume is some interim profit taking in the market by a few Maudore investors as a great opportunity to own Maudore shares at a nice discount to recent prices of over CAD$4 per share. One of Maudore’s largest investors , Anglo Pacific Group PLC out of London has also decided to add to their position lately as evidenced by the chart below, showing that they have accumulated an additional 114,100 shares (roughly $450K of stock) over the past couple of weeks. We have included a snapshot of the recent buying by Anglo Pacific Group PLC below. You can continue to track this by going to www.canadianinsider.com and putting MAO into the box on the right hand side.
With four drills turning on the property 24/7 and the updated 43-101 report due out soon (Q2-2010) we are expecting good news flow from Maudore over the next few months and will continue to keep you informed as these events unfold.