Duran Ventures Inc. (TSX-V: DRV) (Pink Sheets: DUVNF) (Frankfurt: 6D7) is one of 22 exploration/ development/ mining companies (see full 2012 Watch List below) that registered broker-dealer and investment research firm Canaccord believes ‘could provide above average speculative potential in 2012'. Canaccord issued a conviction list of junior miners for 2012, labeled it's '2012 Watch List'.
Companies in Canaccord's 2012 Watch List were selected based on a wide variety of criteria, including capable company management, 2012 work programs, project potential, and leverage to metal price movement (ideally, upward leverage). The primary goal is to identify companies that offer above-average opportunity based on successful project advancement/development potential in 2012. Although the list considers balance sheet strength in these difficult times, its primary focus is to identify companies that provide above-average opportunity should the junior sector find life in 2012.
Duran Ventures is advancing its 100% owned concessions located in Central Peru. Duran's Aguila copper-molybdenum porphyry deposit is part of a large porphyry cluster in a major mineral district actively taking shape with Peñoles and Duran Ventures holding key ground. Duran has been building sizeable tonnage at Aguila and is expected to release a first resource calculation this Q1 2012. In Canaccord's review of Duran Ventures for its 2012 Watch List the analyst said he had visited the properties held by Duran Ventures Inc., however no payment or reimbursement was received from the issuer for the related travel costs. The analyst commented, “In our view, the Aguila main zone is likely to yield an above average grade resource starting at surface that is amenable to open pit mining methods. The location and associated grades of all drill results to date in all zones suggests that Aguila has the potential to develop into average size porphyry with above average grades.”
The Canaccord analyst also noted several other early stage properties that Duran possesses in Peru, including the 100%-owned Ichuña copper-silver porphyry which is located ~3 km from the Gold Fields-Buenaventura 7.6 M Oz Gold Equivalent Chucapaca Discovery. Duran staked this land years before the big area discovery and geophysics indicate a similar anomaly exists to potentially host a similar find.
For further insight on Duran Ventures Inc., Market Equities Research Group has identified the following research links:
1) Corporate website:http://www.DuranVenturesInc.com
2) SEDAR filings:http://sedar.com/DisplayProfile.do?lang=EN&issuerType=03&issuerNo=00011091
3) Recent mining journal insight:http://www.miningmarketwatch.net/DRV.htm
Quote; "Duran's Aguila project is demonstrating world class tonnage potential. 23,000+ metres of core drilling from 2007 - 2011 has established mineralization over an area ~800m x 400m x 500+m (depth) which appears will conservatively translate to well in excess of 200 million tonnes, with high grade copper (~0.5% - 0.8%+ Cu) molybdenum (~0.04% Mo) porphyry in the main intrusives surrounded by minable material that should result in a modest strip ratio; we estimate this would conservatively translate to well north of 2 billion pounds of copper and north of 200 million pounds of molybdenum. ... Duran's 100% owned Aguila copper-molybdenum deposit has been the subject of 43 drill holes to date and has yielded impressive grades in the order of 0.5 - 0.6%+ copper (ie.718m grading 0.555% Cu and 0.041% Mo = 1%+ copper equivalent) in the main intrusive. Metallurgy in the intrusives is favorable with 93% copper and 91% molybdenum recoveries. Drilling has expanded the deposit to the west, east and at depth, encountering higher grade porphyry than other companies in Peru (many the subject of buy-outs in the US$400M - 500M region), the deepest hole is over 800m from surface down and is still in copper mineralization. The latest round of drilling further defined the deposit and also proved the wall rock is mineralized and is likely minable which dramatically enhances the economics of the deposit and will result in a low strip ratio. The mineralized area established so far is large yet represents only a fraction of the prospective contact from one IP anomaly alone which stretches 1400m in length and is open in all direction. The size potential at Aguila is enormous as there are many other IP anomalies on the property believed to be equally as prospective. ... With only ~183M shares outstanding (~227M fully diluted) and trading under CDN$0.30 DRV.V is poised for significant upside revaluation. The risk-reward characteristics are highly advantageous for investors establishing a long position in DRV.V as the current market cap of DRV.V relative to the inherent value of their projects seem disproportionate".
The following are the 22 exploration/development/mining companies on Canccord's 2012 Watch List that it believes could provide above average speculative potential in 2012 (listed in alphabetical order):
1 Abzu Gold Ltd. ABS TSX-V
2 Armistice Resources Corp. AZ TSX
3 Balmoral Resources Ltd. BAR TSX-V
4 Castle Peak Mining Ltd. CAP TSX-V
5 CB Gold Inc. CBJ TSX-V
6 Chalice Gold Mines Limited CXN TSX
7 Columbus Gold Corporation CGT TSX-V
8 CuOro Resources Corporation CUA TSX-V
9 Duran Ventures Inc. DRV TSX-V
10 Esperanza Resources EPZ TSX-V
11 Ethos Capital Corp. ECC TSX-V
12 Freegold Ventures Ltd. FVL TSX
13 Global Minerals Ltd. CTG TSX-V
14 Happy Creek Minerals Ltd. HPY TSX-V
15 Marathon Gold Corp. MOZ TSX
16 Pachamama Resources Inc. PMA TSX-V
17 Panoro Minerals Ltd. PML TSX-V
18 Pilot Gold Inc. PLG TSX
19 PNG Gold Corporation PGK TSX-V
20 Rugby Mining Ltd. RUG TSX-V
21 Tembo Gold Corp TEM TSX-V
22 Tigray Resources Inc. TIG TSX-V
This release may contain forward-looking statements regarding future events that involve risk and uncertainties. Readers are cautioned that these forward-looking statements are only predictions and may differ materially from actual events or results. Articles, excerpts, commentary and reviews herein are for information purposes and are not solicitations to buy or sell any of the securities mentioned. Readers are referred to the terms of use, disclaimer and disclosure sections located at the above referenced URLs.
Contact Information:
Fredrick William, BA Ec.
Market Equities Research Group
f.william@marketequitiesresearch.com
