Coyote Resources (COYR)
July 27, 2011
Coyote Resources (COYR) now has the drills turning on its Tonopah Mine Property -- the first of two key gold/silver projects the company is advancing in the mineral-rich state of Nevada. And the timing could not be better for early COYR shareholders with gold prices now soaring to record highs above $1,600 per ounce and silver trading solidly above $40 an ounce. Coyote is initially targeting an expansive 75-acre tailings area on the property, which may hold a major, near-surface mineral resource that could be quickly put into production.
Coyote’s president and CEO, Dr. Earl Abbott, commented, “The tailings project at the Tonopah Extension Mine could prove to be an economical way for Coyote Resources to reinstate development on the property. We believe that by using modern technology, we may be able to recover a sizable amount of precious minerals from the tailings, which will help to generate revenue while we pursue larger deposits below the surface.”
Coyote plans to drill up to 150 holes at a depth of 6-10 feet over the 75-acre target area to determine if silver, gold, and other minerals can be economically extracted via a heap leaching operation. If successful, COYR could then use the proceeds to fund a much larger drilling operation targeting the below surface mineralization.
It’s important to note that during its initial run, the Tonopah Mine produced a staggering 174 million ounces of silver and 1.8 million ounces of gold – or around $7 Billion in silver and nearly $3 Billion in gold at today’s prices. The Coyote team is confident that the site still holds significant below surface mineralization and has released an early estimate of 27,780,000 ounces of silver and over 277,000 ounces of gold – or about $1.1 Billion in silver and $443 Million in gold.
Coyote Resources is determined to prove that the Tonopah Mine Property can be put back into economical production at current gold/silver prices – and phase one drilling is underway. We are anticipating a steady stream of exciting news on this property over the coming months. If you have not done so already, now may be your very last opportunity to pick up COYR shares below the $1 level.
April 29, 2011
We commenced active coverage on gold/silver exploration stock, Coyote Resources (COYR), on 17 February of this year at the $1.50 per share level. COYR…admittedly even faster than anticipated…rocketed to an interim highpoint of $2.50 per share within just two weeks following our buy-signal.
During that early upward price-run, on 1 March, I stated:
“Coyote Resources (COYR) is moving steadily higher out of the gate following our 17 February Buy-Signal at the $1.50 per share level. In less than 10 trading days, we’ve already been rewarded with an early share-price increase of over 50% to the current $2.30 per share level. You may want to consider taking partial gains off the table during this initial price-run; then hold the remainder of your COYR position for longer term projected gains.”
Remember, getting into the habit of protecting partial gains during early share-price runs enables you to effectively mitigate risk (by taking a percentage of your seed capital off the table) while still maintaining a core position with which to capitalize on future projected gains. Coyote Resources profitably demonstrates that point.
In recent trading, the COYR share-price has pulled back to within a secondary advantageous buy-window at the current $1.50 to $1.70 range where we strongly recommend you pick up additional COYR shares before the next projected upward run. With the price of gold posting record highs above $1,500 an ounce on a near weekly basis, and with the price of silver also ratcheting above 31-year highs approaching $50 an ounce, we are anticipating another major run-up in the share-value of Coyote Resources (COYR).
Right now, Coyote is developing two high-potential gold/silver properties in the mineral-rich state of Nevada – either of which could send COYR multiples higher on successful phase-one exploration results:
Coyote’s 2,230-acre Golden Trend Property is situated just 6 miles south of Barrick’s (NYSE: ABX) Cortez Hills/Pediment Mine complex (estimated to contain up to 13 million ounces) – and management believes the property is on-trend with this major project area. The property is also in close proximity to an even bigger gold deposit – Barrick’s 23 million ounce Pipeline Project.
Coyote’s Tonopah Extension Mine is an exploration property located in south-central Nevada comprising 958 acres of patented mineral rights and 368 acres of patented surface rights in addition to surface rights on another 487 acres. Based on a previous USGS (United States Geological Survey) report, the site could hold up to 277,800 ounces of gold and 27.7 million ounces of silver.
We see Coyote Resources (COYR) moving substantially higher over the coming business quarters. Now is the time to load up on additional COYR shares at the current $1.50 to $1.70 range; stand closely by for updated signals right here at the Investor Stock Advisory website.
March 1, 2011
Coyote Resources (COYR) is moving steadily higher out of the gate following our 17 February Buy-Signal at the $1.50 per share level. In less than 10 trading days, we’ve already been rewarded with an early share-price increase of over 50% to the current $2.30 per share level. You may want to consider taking partial gains off the table during this initial price-run; then hold the remainder of your COYR position for longer term projected gains.
Last week, Coyote announced that it believes the estimated total of unclassified in-place mineralized material at its Tonopah Extension Mine Prospect is approximately 3 million tons at an average grade of 9.26 ounces per ton silver, or 27,780,000 ounces of silver. The company further estimates that gold mineralization in the same mineralized material would be approximately 0.0926 ounces per ton gold, or 277,800 ounces of gold. This is the type of profit-driving news early COYR shareholders should be looking for—especially with gold trading near record highs above $1,430 an ounce and silver trading at 31-year highs above $34 an ounce.
Coyote’s management estimates that the tailings present on the surface of its patented Tonopah Extension Mine claims are approximately 800,000 tons with an average grade of 1.6 ounces per ton silver and 0.019 ounces per ton gold, or about 1,280,000 ounces of silver and 15,200 ounces of gold. Previous metallurgical testing of the tailings resulted in approximately 68% recovery of gold and 57% recovery of silver. As a result of the previous testing, the Coyote team is confident in the recoverability of the metals.
Coyote’s Tonopah Extension Mine Prospect – which is located in south-central Nevada comprising 958 acres of patented mineral rights and 368 acres of patented surface rights in addition to surface rights on another 487 acres – could prove to be a very significant gold/silver discovery for the company. Coyote has announced its intent to drill the property, and more closely investigate the tailings area, this spring/summer.
While it is always prudent to protect gains during early share-price runs, keep in mind that COYR has the potential to become a major stock-win upon successful phase-one drilling at its Tonopah Extension Mine Prospect. And let’s not forget the company’s Golden Trend Property, Nevada, which could prove to be an even bigger gold/silver asset. This property is situated just 6 miles south of Barrick’s (NYSE: ABX) Cortez Hills/Pediment Mine complex (estimated to contain up to 13 million ounces) and is also within close proximity to Barrick’s 23 million ounce Pipeline Project. No doubt, Coyote Resources holds the early indicators of being an exciting company to watch, and own, in 2011.
February 17, 2011
Coyote Resources (COYR) has emerged as a Strong-Buy from the gold exploration stock sector, and we are recommending you begin accumulating COYR shares now at the current $1.50 range. Keep in mind that we are very early on this one; the stock is currently trading only sparse volume – so be patient and do not chase above $1.60 per share. Coyote Resources is well-positioned in America’s top gold-producing state, Nevada, with two flagship properties: The Golden Trend Property and the Tonopah Extension Mine.
Coyote’s 2,230-acre Golden Trend Property is situated just 6 miles south of Barrick’s (NYSE: ABX) Cortez Hills/Pediment Mine complex (estimated to contain up to 13 million ounces) – and management believes the property is on-trend with this major project area. The property is also in close proximity to an even bigger gold deposit – Barrick’s 23 million ounce Pipeline Project. Translation: Your COYR shares could move well above $15 in the early drilling rounds upon the intersection of significant Au mineralization.
Coyote’s Tonopah Extension Mine is an exploration property located in south-central Nevada comprising 958 acres of patented mineral rights and 368 acres of patented surface rights in addition to surface rights on another 487 acres. Based on a previous USGS report, management believes the project has the potential to host significant gold/silver mineralization – with initial drilling planned for spring of 2011.
Because Coyote’s Golden Trend Property is situated within such close proximity to a major gold complex under development by Barrick [the world’s largest gold stock / $49 billion market-cap], we are anticipating an escalating industry buzz as the Coyote team delineates the first set of pending drill-targets for the property. Hence, we could realistically see an early share-price double to above $3 before Coyote Resources even puts the first drill-hole in the ground. Buy COYR now up to $1.60 per share and stand closely by as we could be rewarded with an early profit-protect opportunity as news of this high-potential gold project begins circulating.
|