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Sulliden Gold Corp Down 5% on Peru Resource Estimate Update

Sulliden Gold Corporation Ltd. (SUE.TO) is down nearly 5% at $2.05 and has touched a day low $1.81 after announcing the completion of a new gold and silver mineral resource estimate for its 100%-owned Shahuindo Project in Peru.

The updated estimate delivered a 121% increase of Indicated gold ounces in the oxides and a 397% increase in Inferred gold ounces from the sulphides relative to the 2009 year-end estimate. Sulliden continues to actively drill the Shahuindo property and new results will continue to be released throughout 2011.

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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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