Samco Gold Releases Financial Statements for 2012, Provides an Update on Operations
Samco Gold Limited (SGA.V) released its Financial Statements and Management's Discussion & Analysis for the year ended December 31, 2012.
Commenting on the financial statements and MD&A, Charles Koppel, Chairman of Samco Gold said: "We ended 2012 with a healthy cash balance of over US$10.7 million and began 2013 with the commitment to drill a preliminary program at our Corina project, which is now complete. The initial results were encouraging and an update will be provided in due course following completion of the geological interpretation.
The exploration program across the portfolio in 2013 may include further specific target and/or infill drilling at either of the El Dorado Monserrat or Corina projects."
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