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Sulliden Gold Says New Resource Report Doubles Indicated Gold; Stock Still Off 4%

Sulliden Gold Corporation Ltd. (SUE.TO) is down nearly 4% early today despite saying that an interim resource report released overnight for its Shahuindo Project in Peru found an 121% increase in indicated gold mineral resources to 1.97 million oz. from 0.89 million oz. in a similar report 18 months ago.

The report also found a 397% increase in inferred gold mineral resources to 1.44 million oz. Sulliden said it continues to actively drill the Shahuindo property, adding that new results will 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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