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PACIFIC RIM MINING CORP: Stock Rating SummaryPACIFIC RIM MINING CORP, a micro-cap growth company in the basic industries sector, is expected to significantly outperform the market over the next six months with average risk.
10 is the best possible rating.
Quick SummaryDetails
ProThe StockScouter measure of relative price change and consistency is very high. Very positivePrevious day's closing price for US:PMU was significantly above its 50-day moving average. Very positiveShares are neither being accumulated heavily nor sold heavily by financial institutions. Neutral for a small company like US:PMUConThe price-to-sales multiple is significantly higher than the average for all stocks in the StockScouter universe. Negative for a small company like US:PMUShort-term OutlookOver the next 1-2 months, StockScouter forecasts that growth stocks will be neutral, micro-cap stocks will be in favor, and basic industries stocks will be in favor.
More on market trends Learn more about the StockScouter rating system. advertisementExpected Risk/Return Risk
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Low High Compare with Factor Grades Fundamental NA Ownership C Valuation B Technical A Previous Ratings 1 Month ago 7 3 Months ago 9 6 Months ago 4
Current Rating (9) out of 10
Posts: 395 | From: south dakota | Registered: Nov 2006
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Pacific Rim Mining Corp.: New Gold Zone Discovered at El Dorado Gold Project Market Wire - November 15, 2006 11:52 AM ET
Related Quotes Symbol Last Chg PMU Trade 1.00 -0.04 Real time quote.
Exploration drilling at Pacific Rim Mining Corp.'s ("Pacific Rim" or "the Company") (TSX: PMU)(AMEX: PMU) El Dorado gold project in El Salvador continues to pay off with the discovery of new gold mineralization in and around the core Minita - South Minita area. On the heels of the Los Jobos vein discovery and Deep Minita zone announced in September (see news release # 06-17 dated September 11, 2006) Pacific Rim has discovered a third new gold mineralized zone in the Balsamo vein further highlighting the potential for a district sized epithermal gold system at El Dorado.
Highlights from the latest drill assay results include 47.4 g/t gold over 1.5 m in the Los Jobos vein and 11.6 g/t gold over 4.3 m, including 36.4 g/t gold over 1.0 m in the Balsamo vein.
The Los Jobos vein is a N-NE striking vein that splays off the main Minita structure. The newly discovered Los Jobos gold zone is roughly 800 meters north of the Minita gold deposit. As defined to date by high grade gold in both surface samples and drill core, the Los Jobos mineralized zone has been traced over a strike length of roughly 250 meters and remains open for further expansion. The Balsamo vein runs parallel to the main Minita structure and is roughly 500 metres east of the South Minita gold deposit.
The Los Jobos, Balsamo and Deep Minita zones offer the potential to expand the El Dorado resource, which currently stands at 1.2 million gold equivalent ounces in the measured and indicated category, of which 535,000 ounces in the Minita deposit are in the proven and probable reserve category. Furthermore, the new zones are near enough to the core Minita-South Minita area to be accessible to the proposed underground operation being contemplated in the ongoing El Dorado feasibility study. Readers are directed to the Company's website www.pacrim-mining.com and SEDAR filings www.sedar.com for details of the El Dorado resource and reserve calculations, and complete National Instrument 43-101 disclosure).
"Our long-held expectations for the El Dorado project are proving to be well-founded," states Tom Shrake, President & CEO. "The El Dorado epithermal district is very large, with high grade gold in veins at surface and below ground spanning an area roughly 13 km by 4 km. In the portion of this area we have drill tested so far we have built a sizable resource and reserve and are now making new discoveries that have the potential to add ounces. Many high quality targets remain to be drilled and we are very excited to continue on this path of discovery at El Dorado."
Exploration drilling in the core Minita-South Minita area will continue with an emphasis on further delineating the new discoveries in the Los Jobos, Balsamo and Deep Minita mineralized zones. The El Dorado feasibility study is progressing, and the Company continues to await granting of drill permits for the South El Dorado claims in order to test the Hacienda, Gallardo, Minita vein extension and Nance Dulce targets. At the nearby bonanza Santa Rita gold project, a Phase 1 drill program is now underway. Results from Santa Rita and the ongoing El Dorado exploration drill program will continue to be released intermittently as generated.
About Pacific Rim Mining Corp.
Pacific Rim is a growth-oriented, revenue-generating, environmentally and socially responsible gold exploration company with operational and exploration assets in North, Central and South America. The Company is expanding and developing its advanced-stage, high grade El Dorado gold project in El Salvador and is actively exploring a pipeline of grassroots gold projects. Pacific Rim's goal is to become a low cost, intermediate level gold producer.
On behalf of the board of directors,
Thomas C. Shrake, President and CEO
Posts: 395 | From: south dakota | Registered: Nov 2006
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