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Prodigy Announces $20.0 Million Financing
May 25, 2011 (Filing Services Canada) --
Prodigy Gold Inc.
(PDG - TSX Venture, KX3 - FWB), (the "Company" or "Prodigy")
is pleased to announce that it has entered into an agreement
with a syndicate of brokers led by Casimir Capital Ltd.
and including National Bank Financial Inc.,
Paradigm Capital Inc. and Byron Capital Markets Ltd.
(the "Agents") to act as agents in connection with a
private placement on a best efforts agency basis of
23,076,923 common shares at a price of $0.65 per share
plus 6,666,667 flow-through common shares at a price
of $0.75 per flow-through common share for aggregate
gross proceeds of approximately $20,000,000.
Under the agreement, the number of flow through common shares
sold in the offering may not exceed the lesser of
(i) 25% of the aggregate number of non flow-through common
shares and flow-through common shares sold in the offering and
(ii) that number of flow through shares that represent
proceeds of $5 million.
As consideration for acting as agents, the Agents will be paid
a commission of 6% of the total proceeds raised upon closing
and issued agents' warrants ("Agents' Warrants") equal to 3%
of the common shares issued pursuant to this offering.
Each Agents' Warrant will be exercisable to acquire one common
share at $0.70 expiring 24 months after the closing date.
The Company has also granted the Agents an over-allotment
option to solicit an additional $5 million in non flow-through
shares, exercisable 48 hours prior to closing.
All securities issued in conjunction with the private
placement will be subject to a four month hold period.
The private placement is subject to acceptance of a filing
to be made in respect of same by the TSX Venture Exchange.
The offering expected to close on or about June 8, 2011.
The proceeds from the private placement will be used to fund
the Company's ongoing exploration and development at
the Magino mine project and general corporate purposes.
This news release does not constitute an offer to sell or
a solicitation of an offer to buy any of the securities
in the United States.
The securities have not been and will not be registered
under the United States Securities Act of 1933, as amended
(the "U.S. Securities Act") or any state securities laws
and may not be offered or sold within the United States
or to U.S.
Persons unless registered under the U.S. Securities Act
and applicable state securities laws, or unless an
exemption from such registration is available.
About Prodigy Gold:
Prodigy is currently evaluating the development of
the Magino mine gold project in Ontario
as an open-pit mining opportunity with the potential
for deeper, higher grade production.
The Magino Gold mine project contains;
Indicated gold resources of 1,924,200 ounces
grading 1.16 gpt gold (51.6 million tonnes),
and 587,100 ounces of Inferred gold resources
grading 1.04 gpt gold (17.5 million tonnes).
A preliminary Economic Assessment (PEA) of the project
shows a pre-tax NPV of $351 million and an IRR
of 49% using a 5% discount rate (available on SEDAR or
Prodigy's web site).
The proposed operation would have an average annual gold
output of over 166,666 ounces a year during a nine year
project life.
Total gold production is estimated to be 1.50 million ounces
at cash costs of approximately US$496 (Cdn$521) per ounce.
Please note: mineral resources that are not mineral reserves
do not have demonstrated economic viability.
A full feasibility study for the proposed open pit mining
project at Magino is scheduled for early 2012.
Bringing the Magino mine project through the feasibility
process and towards production, coupled with the exploration
potential of our Beardmore-Geraldton exploration properties,
are the catalysts to growing Prodigy and building substantial
value for Prodigy shareholders:
Today's Discovery, Tomorrow's Future.
All scientific and technical information for the Magino project
has been reviewed and approved by Tom Pollock, P.Geo.,
Prodigy's Vice President - Exploration,
who is a qualified person under the definitions established
by National Instrument 43-101.
Drill core at Magino is boxed, covered, and sealed at the
drill rig and moved to the Prodigy logging and sample
preparation facilities by Prodigy personnel.
The core is then split down the centre using a typical table
fed circular rock saw normally at one metre intervals.
One half of the core is sent for assay to ALS Chemex,
2090 Riverside Dr., Timmins, ON, P4R 0A2, while the other
half is returned to the core box and stored at
Prodigy's sampling facility in a secure, fenced off, area.
Prodigy QA/QC procedures include the regular use of blanks,
standards and duplicate samples in addition to sending 10%
of the samples off to a second lab for check assays.
Samples assaying >3.0 gpt gold are automatically re-assayed
by the metallic screen method.
Gold assays greater than 40 gpt are capped at 40 gpt when
calculating composite intervals in drill holes.
Drill holes are directed as much as possible perpendicular
to the strike and dip of the mineralization at Magino.
As a rough estimate the true thickness of the above
intercepts is approximately 76%.
On behalf of the Board of Directors
Brian J. Maher
President and Chief Executive Officer
FOR FURTHER INFORMATION, PLEASE CONTACT:
Prodigy Gold Incorporated
Email: ir@prodigygold.com
Website:
http://www.prodigygold.com
tel.: 1-604-688-9006
Fax: 1-604-688-9029
This news release includes certain forward-looking statements or
information---- the TSX Venture Exchange) accepts responsibility
for the adequacy or accuracy of this release.
To review this press release as a web page, click onto the link
below :
http://www.usetdas.com/PR/prodigyrev25052011.htm
Source:
Prodigy Gold Inc.
(TSX-V: PDG)
http://www.prodigygold.com
Corporate Presentation
May 24, 2011
http://www.prodigygold.com/_resources/prodigy_gold_presentation_24may2011.pdf
Prodigy Doubles In-Fill Drilling Program at Magino
to More Than 40,000 Metres
May 19, 2011 (Business Wire) --
Prodigy Gold Incorporated
(PDG: TSX.V) is pleased to announce that it is doubling
the scope of its on-going in-fill and resource expansion
drilling program to a total of 45,000 metres at its
100% owned Magino mine gold project in Ontario.
Results to date have been very encouraging as all targets
defined during the analysis of the Magino block model have
been successfully tested.
These results have defined new targets for resource expansion
prompting the expansion of the scope of the drilling program.
Four drill rigs are currently operating on the property with
approximately 17,000 metres of drilling completed to date.
Drill holes will be prioritized so that those holes which
have the biggest potential impact on the block model and
gold resource are drilled first.
The Magino mine gold project Preliminary Economic Assessment
has been posted on SEDAR and is also available on
the company's web site.
About Prodigy Gold:
Prodigy Gold Inc. (PDG: TSX.V) is currently evaluating
the development of the Magino mine gold project in Ontario
as an open-pit mining opportunity with the potential
for deeper, higher grade gold production.
The Magino project contains Indicated gold resources of
1,924,200 ounces grading 1.16 gpt gold (51.6 million tonnes),
and 587,100 ounces of Inferred gold resources grading
1.04 gpt gold (17.5 million tonnes).
A Preliminary Economic Assessment (PEA) of the project shows
a pre-tax NPV of $351 million and an IRR of 49% using a
5% discount rate (available on SEDAR or Prodigy's web site).
The proposed operation would have an average annual gold
output of over 166,000 ounces a year during a nine year
project life.
Total gold production is estimated to be 1.50 million ounces
at cash costs of approximately US$496 (Cdn$521) per ounce.
Please note:
mineral resources that are not mineral reserves do not
have demonstrated economic viability.
A full feasibility study for the proposed open pit mining
project at Magino is scheduled for early 2012.
Bringing the Magino mine project through the feasibility
process and towards production, coupled with the
exploration potential of our Beardmore-Geraldton
exploration properties, are the catalysts to growing
Prodigy Gold and building substantial value for
Prodigy shareholders: Today's Discovery, Tomorrow's Future.
All scientific and technical information for
the Magino project has been reviewed and approved
by Tom Pollock, P.Geo., Prodigy Gold’s Vice President – Exploration, who is a qualified person under the
definitions established by National Instrument 43-101.
Drill core at Magino is boxed, covered, and sealed at the
drill rig and moved to the Prodigy logging and sample
preparation facilities by Prodigy Gold personnel.
The core is then split down the centre using a typical table
fed circular rock saw normally at one metre intervals.
One half of the core is sent for assay to ALS Chemex,
2090 Riverside Dr., Timmins, ON, P4R 0A2, while the other
half is returned to the core box and stored at
Prodigy’s sampling facility in a secure, fenced off, area.
Prodigy QA/QC procedures include the regular use of blanks,
standards and duplicate samples in addition to sending 10%
of the samples off to a second lab for check assays.
Samples assaying > 3.0 gpt gold are automatically re-assayed
by the metallic screen method. Gold assays greater than
40 gpt are capped at 40 gpt when calculating composite
intervals in drill holes.
Drill holes are directed as much as possible perpendicular to
the strike and dip of the mineralization at Magino.
As a rough estimate the true thickness of the above
intercepts is approximately 76%.
On behalf of the Board of Directors
Brian J. Maher
President and Chief Executive Officer
This news release includes certain forward-looking statements --
--the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.
Prodigy Gold Incorporated
Brian J. Maher
Email: ir@prodigygold.com
Website:
http://www.prodigygold.com
Tel.: 1-604-688-9006
Fax: 1-604-688-9029
PDG presentaiion, for your review...Incredible proof
of the MAGINO Mine...read carefully....
...enjoy, all you PDG Shareholders....here is the link
to this complete Report issued today... May 24....
http://www.prodigygold.com/_resources/prodigy_gold_presentation_24may2011.pdf
God Bless
Prodigy Gold Inc. (PDG) fiat$0.71 UP $0.05 +7.58% 
Volume: 950,386 @ 3:59:39 PM ET Good Demand
Bid Ask Day's Range
0.7 0.71 0.64 - 0.71
TSX:PDG Detailed Quote
PDG Golden Goose Eggs $3000/oz
PDG to follow Au-Goose
Prodigy Gold Inc. (PDG) fiat$0.66 UP $0.02 +3.12%
Volume: 4,278,673 @ 3:59:06 PM ET Strong Demand
Bid Ask Day's Range
0.65 0.66 0.63 - 0.69
TSX:PDG Detailed Quote
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Prodigy Gold Inc. (PDG) fiat$0.66 UP $0.02 +3.12%
Volume: 4,278,673 @ 3:59:06 PM ET Strong Demand
Bid Ask Day's Range
0.65 0.66 0.63 - 0.69
TSX:PDG Detailed Quote
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Prodigy Gold Live @ PDAC
By admin · April 6, 2011 · 10:44 am · Leave a Comment
http://www.resourceintelligence.net/prodigy-gold-live-pdac/16947
Resource Intelligence Live @ PDAC: Prodigy Gold’s Brian Maher, President and CEO
Check out the company’s profile and evaluate their resources HERE, with RI Analytics.
RI: Brian Maher, would you first update us on your Magino Mine project? Gold investors need to know about your new resource estimate that significantly increased your resources.
BM: At the Magino mine project—located northeast of Wawa, Ontario—we just put out a brand-new resource estimate. Indicated gold resources of 1.9 million ounces and inferred resources of 0.6 million ounces at an average grade in both categories of about 1.1 g/t gold. The real significance is that this is a resource estimate that’s really tightly constrained. We’ve used a conceptual pit shell so that all these numbers report to a conceptual pit shell and these aren’t resource numbers floating out into space. The pit shell goes down to 300 metres and what is really interesting about this system is that we know by drilling that it extends down to at least 600 metres and is open at depth. This is really just the first pass examination of what we have within a conceptual open pit operation.
RI: It’s been looked at in the past as an underground deposit but what you’ve found is more mineralization all around your high-grade mineralization.
BM: Exactly. It was an underground mine that operated between 1988 and 1992. It produced 105,000 ounces and that is how the project was traditionally viewed. We came and did our due diligence during the acquisition phase and that’s when we recognized there were large volumes of disseminated mineralization enveloping the higher grade chutes. We’ve now come through with a new model and we now have this resource which reflects what could possibly be mined in a future open pit operation.
RI: Let’s talk about this project as far as costs. Is this just a high-grade open pit deposit or do you have a lot of buffer in terms of gold dropping back down to $1,000 or $800?
BM: One thing that anyone who examines the data we’ve put out is that if you look at this deposit at a variety of cutoff grades it’s still very robust as that cutoff grade rises. How does that reflect the gold price? If gold prices should go down you’d have to apply that higher cutoff grade. In other words, it should be fairly well insulated from significant changes in gold prices which is something we’re all looking at when we think about what this thing is going to look like in 2015 or 2020 when it may actually be in production.
RI: Do you have a sense of your cash costs per ounce?
BM: What we’ve done is we’re going to take this resource and put out a preliminary economic assessment, essentially a scoping study or pre-feasibility study on the deposit. The engineering consortium that we put together to do the work have a series of parameters that we would like them to examine in terms of what this thing could look like. The targets we’ve established are in operation of about 15,000 tonnes per day. We would like to see the cash costs at the $500 or less range. These are targets obviously, but we feel with those types of parameters we’d be looking at a very robust and very profitable mining operation.
RI: You’re also a geologist and you’ve got experience on both sides of the coin with exploration experience and production experience.
BM: In the course of my career I’ve had the good fortune of working in exploration as well as in production. That’s unique for a geologist. Most people just have one side or the other. I’ve seen the pit falls of what can happen when you’re actually trying to produce from that great resource you have out there. When we sit down and we’re talking to the engineering team about what this could look like I understand the ins and outs of the milling, mining and production and the costs. It allows us to be a little bit tougher on these guys to make sure that we’re getting a good solid number out to the public.
RI: Let’s talk about the infrastructure for the project. It’s well-chosen in the sense that it’s a past producer. You’ve got an existing road to the project and power, what else?
BM: One of the things that is foremost in our business plan company-wide is that, with the projects that we have besides Magino, we like being in Ontario and Eastern Canada. Besides the obvious geopolitical stability portion of the equation, you are in a part of this country where there is a history and culture of mining. When you start announcing that you’re starting to think about putting something into production and going forward with a major mining operation, the reaction from the communities and in the regulatory agencies is one of good, we understand that. To me, that’s part of the infrastructure question as well.
For Magino’s infrastructure, we have power to the property, a rail line within three kilometers, road right to the project and adjacent to us is an operating underground gold mine. In other words, all those key pieces that you look for to build an operation are already in place. The key for a shareholder or investor is that it lowers your capital costs as you’re developing a project.
RI: You’re coming out with a PEA this year and you’re planning on a feasibility study next year, is that the kind of pace that you think investors need for this project?
BM: I think most of the people in this industry, investors as well as professionals, view the current gold price cycle as being long-lived. The reality is that this is an opportunity in this price cycle to develop projects. There is really no reason to go slow or delay especially if you have a project like ours which has an operating history, metallurgical tests already completed and 1,300 drill holes already present. We can somewhat fast-track this type of gold project.
So we put out a time-line that, while aggressive, is achievable. The PEA is scheduled for mid April of this year and then we’ll launch directly into full feasibility. We just put out the first revised resource number last week but we have drilling ongoing with a 20,000 metre program in-filling to upgrade the resource and move ounces from the inferred category into indicated and measured but also to make sure that we’re seeing all the gold that’s in the system and bring new ounces to the resource.
RI: You’re talking about a target production rate of 15,000 tonnes per day and up to 150,000 ounces of gold per year, what is the mine life?
BM: Ideally we’d like to see a mine life in the 10-year range. The reason for that is twofold, when you’re starting a mining operation and looking at cash flow and discounted cash flow analysis revenue dollars that at year 15, 16 or 17 are so highly discounted that they don’t really impact the NPV of a project. However, a very short mine life that may bring cash rapidly to the project doesn’t give you the flexibility should there be an issue during the operation. We try to plan for everything in the mining world but the reality is that each mine is its own unique situation and you want to have some flexibility in terms of operations so that if there is something that’s different than planned for you can make an adjustment and still go forward. A 10 year mine life is really ideal as you’re targeting what you’d like to see.
RI: When you look at a lot of projects of this size they might choose something smaller such as a 3,500 to 5,000 tonne per day model but what you’re going to be doing is bringing yourself much closer to a mid-tier producer status.
BM: We feel that the 150,000 ounce plateau is crucial because lower than that you’re really a micro gold producer and not approaching that mid tier level. If you look at market valuations those companies at 150,000 ounce per year or higher tend to receive more enterprise value per ounce of production than smaller producers. It’s a key benchmark of what kind of company you are and where you can go. It’s all driven by your deposit and we are fortunate enough at Magino to have a property that can meet those criteria.
RI: How well financed are you to take it through the next steps?
BM: Right now we have working capital of about $8 million, which we can easily get through the year if we wish. We believe we’re going to see some significant share price appreciation as the market starts to digest the news of our resource, as we put out the PEA, as the drilling results from the infill program continue and if an opportunity were to present itself to finance at a higher share price we’d certainly look at it.
RI: I look at your share price and compare it to your peers and it’s instantly clear to me that you’re being discounted for something there?
BM: We see that as well. Right now we’re trading for $25 or $26 per resource ounce in the ground and our peer group, those with an advanced project in Eastern Canada, are getting upwards of $150 per resource ounce in the ground. That does make us dramatically undervalued but perhaps that is the opportunity that we’re presenting to the investment community and recognizing that we’ve only had this resource out for five days and the PEA is still coming, drill results are forthcoming and a new resource update in the middle of the year followed up by full feasibility. There will be plenty of benchmarks along the way for re-valuation of the company so that we do achieve the valuation that our peer group has.
RI: What milestones do you think are most important and that investors are going to be looking for?
BM: I think in the short term, our PEA, so we can put some economic numbers to this resource. There are a lot of gold resources out there but not many of them actually get to the PEA stage where you’re demonstrating the economic viability and potential mining operation. When you do that you’re taking the risk out of those ounces in the ground and you provide some security for shareholders and give them something tangible they can look at. The PEA is going to be a major value driver for us.
Prodigy Gold Inc. (TSX:PDG) Schart TA TI P&F Alert Bullish Price 1st Target fiat$1.24 per share -
GOLD chart TA TI P&F Bullish Price 1st Target Obj $1710.8 per ounce
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Prodigy Gold soars after PEA results from Magino
indicate 49% IRR
Mon 1:41 pm by Deborah Sterescu
Prodigy Gold soars after PEA results from Magino
indicate 49% IRR
Prodigy Gold's (CVE:PDG)
shares rose as high as 19% on Monday after the company announced
an estimated 49% internal rate of return from its Magino gold
project in northern Ontario, with cash costs of just
US$496 per ounce.
Following the release of the comany's preliminary economic
assessment (PEA) on the Magino mine today, its shares soared
to $0.50 as of 11:46am EST - up nearly 15%.
The NI 43-101 compliant report, led by CWA Engineers,
also estimated that using a US$1,000 per ounce gold price,
the open pit gold project would generate a pre-tax
net present value of $351 million at a 5% discount rate.
Average annual gold production for Magino is projected
at 166,500 ounces per year over a nine-year operating life,
for 1.50 million total ounces of recovered gold.
The recovery rate is estimated at a whopping 95%,
with the average grade processed during the first
two years of operations expected to be 1.6 g/t gold.
Prodigy said that start up capital costs were calculated
at $242 million, with an additional $34 million in
sustaining capital, and a payback period of 1.8 years.
"With a projected mine life of nine years, cash costs
of US$496 (Cdn$521) per ounce and rapid payback of capital,
Magino is developing into one of the leading undeveloped gold
projects in eastern Canada," said president and CEO Brian Maher.
"The on-going in-fill drilling program, which is targeting
gold mineralization within the proposed open pit, may enhance
project economics as we convert internal waste into resources,
simultaneously increasing contained ounces and lowering costs."
The company said it plans on updating the preliminary economic
report once this drilling is completed.
Based on the pit design and production schedule used for
the study, Magino has total mineable resources of
41.8 million tonnes, grading 1.18 g/t gold.
A full feasibility study for the proposed open pit mining
project is scheduled for early 2012.
Prodigy Gold (KXLAF) funfiat$0.457 UP $0.011 +2.47%
Volume: 42,750 @ 4:15:17 PM ET
Bid Ask Day's Range
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KXLAF Detailed Quote
Prodigy Gold (PDG) funfiat$0.44
? 0.0 (0.00%)
Volume: 248,771 @ 3:49:32 PM ET
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Prodigy Gold owns this Au open pit deposit today
Golden Goose reports a new 43-101 resource estimate for its Magino gold property
Thursday May 29, 1:30 pm ET -
http://biz.yahoo.com/cnw/080529/e_goldengoose_manigo.html?.v=1
<< Innovexplo resource estimate targets new area, supplements previously known resource >>
MONTREAL, May 29 /CNW Telbec/ - Golden Goose Resources Inc. (TSX-V: GGR - News; the "Company") is pleased to report a new resource estimate for its wholly-owned Magino Mine property, located 1.5 km southwest of the Richmont/Patricia Island Gold Mine, near Wawa, Ontario. The estimate complies with National Instrument 43-101 - Standards of Disclosure for Mineral Projects.
Prepared by Innovexplo, an independent mining and exploration consulting firm based in Val-d'Or, Quebec, the new estimate shows an inferred resource of 3.75 million tonnes grading 5.94 g/t Au at a cut-off grade of 3 g/t Au, representing over 700,000 ounces of gold. The resource lies in the area below the old Magino mine workings, at a depth of from 200 to 600 metres. The estimate is mainly based on drilling carried out since the beginning of 2006 that identified some 76 separate mineralized zones, all of which remain open at depth and along strike. The estimation method used was polygons on longitudinal section for each zone, designed based on the future underground mining potential.
"We knew our drill results were excellent, but we are still extremely impressed by the size of the resource," said Jean-Marc Lacoste, President and Chief Executive Officer of Golden Goose. "These numbers clearly demonstrate the excellent potential of the property. We will now begin work on upgrading this Inferred Resource to the Indicated category in preparation for prefeasibility."
Depending on the cut-off grade used, the new estimate shows an inferred resource below the 200-metre level as follows:
Magino Project
Innovexplo Inferred Mineral Resource
-------------------------------------------------------------------------
-------------------------------------------------------------------------
Cut-off Grade
Grade Tonnes (Au g/t) Ounces
-------------------------------------------------------------------------
-------------------------------------------------------------------------
3 g/t 3,755,600 5.94 717,227
-------------------------------------------------------------------------
4 g/t 2,515,400 7.19 581,469
-------------------------------------------------------------------------
5 g/t 1,880,900 8.11 490,430
-------------------------------------------------------------------------
6 g/t 1,371,200 9.09 400,733
-------------------------------------------------------------------------
7 g/t 959,600 10.19 314,380
-------------------------------------------------------------------------
-------------------------------------------------------------------------
The Independent and Qualified Persons for the Mineral Resource estimates
as defined by Regulation 43-101 are Carl Pelletier, B.Sc., P.Geo. and Bruno
Turcotte, M.Sc., P.Geo. (InnovExplo Inc.), and the effective date of the
estimate is May 23, 2008.
Notes:
- Mineral Resources are not Mineral Reserves having demonstrated economic
viability.
- Results are presented undiluted and in situ. The estimate included
76 gold-bearing zones and covers the Magino project area over
840 m E-W, 400 m N-S and from elevation -200m to -600m
- The resources were compiled using a cut-off grade of 3.0 g/t Au. This
cut-off must be re-evaluated in the light of the present market
conditions: gold price, exchange rate and mining cost. A fixed density
of 2.87 g/cm3 was used. A minimum of 1.6 m true width was applied,
using the grade of the adjacent material when assayed, or a value of
zero when not assayed. High grade capping was done on the raw data and
established at 40.0 g/t Au. No drill hole compositing was done.
Resources were evaluated from drill hole results using a polygonal on
longitudinal approach.
- Calculations used metric units (meter, tonnes and g/t Au).
- The company is not aware of any known environmental, permitting, legal,
title, taxation, socio-political, marketing, or other relevant issues
that could materially affect the Mineral Resource estimates.
The new resource is in addition to a near-surface resource estimated by
Snowden Mining Industry Consultants Inc. in April 2004. Snowden estimated
measured and indicated resources of 7.3 million tons grading 2.33 g/t Au for a
total of 544,000 ounces and an inferred resource of 1.2 million tons at
2.21 g/t or 84,625 ounces. All these ounces of gold lie between surface and a
depth of 200 metres. These near-surface resources were based on a cut-off
grade of 1.24 g/t Au. Snowden's mineral resource estimate was designed for
low-grade, large-volume, open-pit potential. The estimation method used was a
block model with a block size of 7.6 m x 7.6 m x 3 m. Grade models were
estimated with multiple indicator kriging and ordinary kriging.
The Snowden and Innovexplo estimates stands as follows as at May 23, 2008:
Magino Project Resources
Innovexplo resource estimate - May 2008:
----------------------------------------
Area targeted: -200 to -600 metres
-------------------------------------------------------------------------
Category Tonnes Grade Ounces
(g/t Au)
-------------------------------------------------------------------------
Inferred 3,755,600 5.94 717,227
-------------------------------------------------------------------------
Snowden resource estimate - April 2004:
---------------------------------------
Area targeted: surface to -200
-------------------------------------------------------------------------
Category Tonnes Grade Ounces
(g/t Au)
-------------------------------------------------------------------------
Measured 6,090,000 2.33 456,209
-------------------------------------------------------------------------
Indicated 1,204,000 2.27 87,871
-------------------------------------------------------------------------
Total: Measured and Indicated 7,295,000 2.33 544,080
-------------------------------------------------------------------------
Inferred 1,191,000 2.21 84,625
-------------------------------------------------------------------------
Gilles Provost, P.Geo., a Qualified Person under NI 43-101, plans and
supervises the exploration work on the Magino property and has approved the
contents of this press release.
ABOUT GOLDEN GOOSE RESOURCES
Golden Goose Resources Inc. is a Canadian public company listed on the TSX
Venture Exchange under the symbol GGR. The Company is principally engaged in
mineral exploration and acquisition and has a portfolio of gold, platinum
group metals, and nickel properties in Ontario and Quebec.
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.
For further information
Golden Goose Resources Inc.: Jean-Marc Lacoste, President, 1-888-928-4667, Fax: 1-888-494-5371, lacoste@goldengooseres.com
Renmark Financial Communications Inc.: Barry Mire: bmire@renmarkfinancial.com
James Buchanan: jbuchanan@renmarkfinancial.com, (514) 939-3989, Fax: (514) 939-3717, www.renmarkfinancial.com
Qualified Persons under NI 43-101: Carl Pelletier, B.Sc., P.Geo., Bruno Turcotte, M.Sc., P.Geo., InnovExplo Inc., (886) 749-8140, Fax: (819) 874-0379, www.innovexplo.com
Gilles Provost, M.Sc.A., P.Geo., Golden Goose Resources Inc., (888) 928-4667, Fax: (888) 494-5471, www.goldengooseres.com
Source: GOLDEN GOOSE RESOURCES INC.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=29647043
GOLDEN GOOSE RESOURCES (TSX:GGR)
Prodigy Gold (PDG) fiat$0.34 UP $0.01 +3.03%
Volume: 669,718 @ 3:51:43 PM ET good volume
Bid Ask Day's Range
0.33 0.345 0.32 - 0.345
TSX:PDG Detailed Quote
NEW website -
http://www.prodigygold.com/
Prodigy Gold (PDG) fiat$0.33 UP $0.005 +1.54%
Volume: 120,139 @ 3:43:23 PM ET
Bid Ask Day's Range
0.33 0.34 0.32 - 0.34
TSX:PDG Detailed Quote
NEW website -
http://www.prodigygold.com/
Hi Sid welcome to Kodiak Exploration L (TSX:KXL)(USD)$0.35 UP $0.02 +6.06%
Bid 0.35
Ask 0.36
Volume 532,250
Days Range 0.33 - 0.38
Last Trade 9/24/2010 12:04:22 PM
Detailed KXL Stock Quote
Golden Goose Resourc (TSX:GGR)(USD)$0.42 UP $0.065 +18.31%
Bid 0.41
Ask 0.42
Volume 141,522
Days Range 0.37 - 0.42
Last Trade 9/24/2010 12:12:28 PM
Detailed GGR Stock Quote
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=54447030
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Prodigy Gold Inc - KXLAF
Prodigy Gold Incorporated (TSX.V - PDG)
Prodigy Gold Incorporated is a Vancouver-based gold exploration and mine development company with assets in Eastern Canada. Formed though the unification of Kodiak Exploration and Golden Goose Resources, Prodigy Gold is a new investment vehicle; creating shareholder wealth, by advancing gold projects through the exploration and mine development cycle. Prodigy has positioned itself as a leading Junior mining company; a Junior with the potential to emerge as a key player in the Canadian gold mining industry. Read more...
NEWS RELEASE TSX.V KXL
Kodiak Changes Name to Prodigy Gold Incorporated
Vancouver, British Columbia, December 31, 2010. Kodiak Exploration Limited (TSX-V: KXL) (the "Company") is pleased to announce that effective today at 1:15 PM PST, pursuant to a resolution passed by Directors, the Company has changed its name to Prodigy Gold Inc.
The common shares of the Company will trade on the TSX Venture Exchange under the symbol "PDG".
The Company will commence trading under the new name and symbol at the market open on Tuesday, January 4, 2011. There is no consolidation of capital and no exchange of shares is required.
On behalf of the Board of Directors
Brian J. Maher
President and Chief Executive Officer
FOR FURTHER INFORMATION, PLEASE CONTACT:
Kodiak Exploration Limited
Email: ir@kodiakexp.com
Website: www.kodiakexp.com
tel.: 1-604-688-9006 Fax: 1-604-688-9029 begin_of_the_skype_highlighting 1-604-688-9029 end_of_the_skype_highlighting begin_of_the_skype_highlighting 1-604-688-9029 end_of_the_skype_highlighting
(Kodiak Exploration Ltd -)
http://www.kodiakexp.com/projects/base_metals/nighthawk/
Kodiak Exploration Discovers Gold deposit -
in "The Golden Mile" -Ontario Canada- -
Here is the video Fly-by':
http://resourceworldtv.com/view_video.php?viewkey=bcfe8450a1a41c200364
www.youtube.com/watch
Business Description:
A mineral exploration company with properties
located in Canada.
The company acquires undervalued exploration prospects
and efficiently and aggressively explores them for resources.
Address:
700 W. Pender St.,Suite 1205, Suite 1205,
Vancouver, BC, CN V6C 1G8
Telephone:
(604) 688-9006
Website:
http://www.kodiakexp.com
Facsimile:
(604) 688-9029
Email:
info@kodiakexp.com
Good time to get back UP it was a bargain 3 yrs ago - its a Au steal 
The Financial System Is A Farce -
http://www.sprott.com/pdf/marketsataglance/10_2007.pdf
by Eric Sprott spells it our clearly -
Welcome to Kodiak Expl. forum -
Kodiak Exploration Discovers a huge Gold deposit in "The Golden Mile" -Ontario Canada-
Here is the video Fly-by':
http://resourceworldtv.com/view_video.php?viewkey=bcfe8450a1a41c200364
The super red banksters cults -
Rothschilds World Part 1 "Glen, Rush, Michael...Here's to you boy's"
http://www.youtube.com/watch?v=yhKHwrUA5SM&feature=related
