Strong Corporate Outlook - The World Gold Council (WGC) recently said that the market for gold consumption in China may double within the next 10 years - boosting prices as supplies fail to keep pace with booming demand from investors and the jewelry industry - and almost certainly having implications for the global gold market.
- Supatcha is in the final stages of acquiring two additional gold mining projects in southwestern Ukraine with world-class potential.
- Steve Talley, President of SAEI, has stated, "We expect that this gold property presents an excellent opportunity for our company to become a low cost and highly profitable gold producer in the Ukraine."
- In early April, the company Secured $10,000,000 Financing to Fund Barlevskoye and Vynohradiv Gold Mines.
- On April 26th, the WGC released its Q1 2010 update, according to which "gold has seen investors around the world scramble to get their hands on the commodity, either in physical form or via exchange traded funds (ETFs)." Why Is Gold Such a Hot Investment…
- Inflation remains a concern amongst investors. One reason behind this is the huge pile of debt that the United States is accumulating. It's estimated that during the current fiscal year, the US budget deficit will be north of $1.5 trillion and with the current spending measures the nation's debt is expected to reach $18.5 trillion over the next 10 years. In order to help eat away at this massive deficit, inflationary measures are likely to be imposed in the near future. Gold is the ultimate hedge against a weakening US dollar and inflationary pressures. *
- In a nutshell, fears of inflation, economic uncertainty, growing investment demand, and supply constraints are all reasons to be bullish on gold. *
*according to Kevin Grewal, editor of SmartStops.net.SAEI is targeting one of the top performing sectors which is set to explode this year!
We are talking about Precious Metals -- Gold!!!March 23, 2010 SAEI announced the establishment of an exploration initiative in Ukraine, a country with a notable history of gold reserves and production. "Our focus has been on gold because of its high economic viability and we believe that the Ukraine offers tremendous opportunities of abundant gold mineralization in available areas that are still sub-explored," stated Steve Talley, President & CEO.
On February 16, 2010, the company entered into a letter of intent to acquire a 90% interest in the Barlevskoye and Vynohradiv Gold licenses in the Southwest Ukraine. "We expect that this gold property presents an excellent opportunity for our company to become a low cost and highly profitable gold producer in the Ukraine," Talley has been quoted as saying.
 Early this week, the company announced that it has signed a definitive agreement to acquire a 90% interest in the Barlevskoye and Vynohradiv Gold licenses in Southwestern Ukraine from arm's length third parties. According to the company, the licenses are adjacent to the Berehiskyi license-deposit, which recently underwent underground mining for gold from 1999 to 2006 by Zakarpolymetally (a local subsidiary of the local government). The Berehiskyi License hosts a historic, near-surface polymetallic deposit, which is reported to contain approximately 18,709,300 t of 1.88 g/t Au; 38.35 g/t Ag; 2.07% Pb and 4.76% Zn.
The quoted disclosure for the Berehiskyi Gold Deposit was disclosed publicly by Zakarpolymetally. The deposit information is historical; it is relevant because it is indicative of a mineralized zone adjacent to the Barlevskoye and Vynohradiv licenses. The resource is based on drilling exploration and development carried out by Zakarpolymetally (USSR GKZ approved C1-C2 Soviet Category Resource). A Qualified Person (QP) has not classified historical estimates as current mineral resources-reserves, and Supatcha is not treating them as current mineral resources-reserves since recent work has not verified the historical estimates. Supatcha has not done any work, to date, to confirm these estimates.
Over the next several weeks, Supatcha is planning to review all the historical information, re-log and possibly resample some of the drill core from previous operators. We also plan to digitize the drilling and underground data to confirm the historical estimated tonnages and to confirm the known drill targets. It is expected that the next surface drill program should be underway in early spring of 2010.
As you can see this company knows where the money is to be made and they are not going miss out on the gold boom that's imminent. Even though SAEI is at the beginning phases of this new expedition, we believe we could start to see a major in flow of great news from the company this year and start to see some major developments. There are no guarantees but make sure to add it to your radar. |
Supatcha Resources mission is to become a leading primary gold producer by acquiring, developing and profitably mining precious metals in Ukraine. We are committed to conducting ourselves with fairness and integrity, and managing all business activities in an environmentally responsible and cost-effective manner, while contributing to the well-being of the communities in which we work.
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