Maudore Minerals Reports Highest Gold Values Ever at Greer Gold Occurrence; Shares Last Traded Down 3.3%

By Staff,

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Maudore Minerals Ltd. (MAO.V) reported the highest gold values ever obtained on the Greer gold occurrence on the Comtois property in Quebec: 40.7 g/t gold over 0.7m (included within 14.5 g/t gold over 2.0m) and 19.0 g/t gold over 0.5m (included within 8.4 g/t gold over 1.4m).

"These results indicate that we are on the right track in our effort to determine the extent of gold deposits beyond our Osbell resource area. The Greer area may become an additional promising resource for Maudore," Ronald Shorr, CEO of Maudore, said in a statement. "We remain confident in our theory and hope that our large land holdings could become a district of gold deposits."

Shares in the company were last quoted down 12 cents, or 3.3%, at $3.43, with the last trade reported at 1114 am ( ET ), prior to the news release.

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This article appears in: Investing Commodities
Referenced Stocks: ET

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