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Estrella Gold Falls 1% to Fresh Year Lows Even After Colpayoc Gold Resource Double

Estrella Gold Corporation (EST.V) went down from yesterday's 35 close by 1% to a new year low of $0.345 even after reporting today expanded gold resource at the Daylight Gold Zone based on recent drilling at the Colpayoc Gold Project in Peru.

The company said the new inferred resource estimate is 19.28 million tonnes at 0.50 g/t gold containing 313,000 ounces of gold, including 292,000 ounces of oxide mineralization (using a 0.3 g/t cut-off). Most holes collared and ended in mineralization and the resource remains open for expansion along strike and at depth, the company added.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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