SULLIDEN GOLD

[Lucho]

Buen día a todos,

Esta acción a iniciado su cotización en la BVL hace unos días. Yo la vengo siguiendo desde hace unos meses. Es un proyecto pequeño - demandará una inversión de unos US$ 200 MM y un periodo de construcción de entre 14-18 meses- para una producción anual estimada de entre 150,000 a 200,000 onzas anuales.

De acuerdo a la información de su magina WEB, el estudio de factibilidad debería estar listo en el próximo trimestre (IV trimestre 2011).

Para el año 2011tienen programado 70,000 metros de perforación. Para el año 2012 otros 70,000 metros adicionales. El objetivo es seguir incrementando reservas así como tomar un mejor conocimiento del yacimiento.

Tiene un promedio de negociación diaria de 500,000 acciones en el TSX. Acá recién se están colocando las primeras ordenes de compra-venta.

CELFIN es el sponsor de esta compañía y me han comunicado que a fines de setiembre-inicios de octubre deben estar organizando un evento para hacer la presentación de la empresa a los inversionistas y potenciales nuevos inversionistas.

Esperemos que una vez se anuncie la viabilidad de este proyecto y se cuente con el financiamiento para iniciar la construcción, en un escenario de precios del oro estable en niveles de 1,500-1,700 dólares la onza y la incertidumbre política se haya diluido, esta acción pueda seguir la misma tendencia que siguió RIO hasta el inicio de producción en abril de este año.

Target promedio: US$ 3.65 (fuente: Yahoofinance)

Saludos,

Lucho

[Lucho]

Expert Analysis
Steve Parsons, National Bank Financial (8/9/11) "Catalysts to look for for Sulliden Gold Corp. include an abundance of oxide and sulphide drill results through the balance of 2011 as the company completes the planned 70,000m drill program. The first sulphide holes are expected in September with sulphide metallurgical results later in Q311; the Shahuindo feasibility study is expected in late Q411. . .we reiterate our Outperform rating and $3.90 target price. . .as the company moves toward production, we see the potential for SUE shares to approach $5.25 on the move to a 5% producer discount rate and a 1.7x NAV multiple."

Ryan Walker, Jennings Capital (7/26/11) "We are initiating coverage on Sulliden Gold Corporation Ltd. with a Speculative Buy recommendation. . .the company's drilling efforts at Shahuindo recently resulted in a near doubling of gold resources in the deposit's oxide and transitional material to 2.2 Moz. The deposit remains open in all directions and at depth, where underlying gold-silver sulphide mineralization is emerging as a substantial exploration target."

[Lucho]

Sulliden Continues to Report Positive Drill Results from the Shahuindo Gold/Silver Project August 18, 2011
Download this Press Release


TORONTO, ONTARIO -- (MARKET WIRE) -- 08/18/11 -- Sulliden Gold Corporation Ltd. ("Sulliden", or the "Company") (TSX: SUE) (OTCQX: SDDDF) (BVLAC: SUE) is pleased to announce additional drill results from the ongoing 70,000 metre drilling program being carried out this year at its 100% owned Shahuindo Gold and Silver Project in northern Peru. Results for ten new drill holes conducted in the Central Corridor are listed in Table 1 below. Highlights are as follows:


-- Hole SH11-211 in the West Zone
-- 0.88 g/t Gold over 90.5 meters, including 1.27 g/t Gold over 16.7
metres

-- Hole SH11-215 in the West Zone (See Figure 2)
-- 1.39 g/t Gold over 30.6 meters, including 3.19 g/t Gold over 7.5
metres
-- 0.88 g/t Gold over 61.5 meters, including 1.29 g/t Gold over 13.8
metres
-- 0.76 g/t Gold over 91.5 meters, including 1.53 g/t Gold over 11.7
metres

-- Hole SH11-216 in the West Zone
-- 1.40 g/t Gold over 42.3 metres including 5.72 g/t Gold over 6.0
metres

Peter Tagliamonte, President and CEO of Sulliden, commented, "We are pleased to see the ongoing positive results from the 2011 drilling program at Shahuindo, which have continued to extend mineralization beyond the previous deposit limits. In addition, our knowledge of the mineralization is continuing to improve and we are better defining the levels of oxide, transition and sulphide material, as well as higher grade shoots. In some areas, recent drilling has allowed us to deepen the previously interpreted oxidation front and we expect this to have a positive impact on the future mining."

The 70,000 metre drilling program the Company is undertaking in 2011 is progressing well with 201 holes representing approximately 39,660 metres drilled to date. Results from the ten new holes in this press release represent 2,147 metres of drilling. The collar locations of these holes are shown in Figure 1 below.

To view "Figure 1 - Plan View of Mineral Deposit with New Drill Hole Locations," please visit the following link: http://media3.marketwire.com/docs/sue818figure1.jpg.

The vertical section in Figure 2 below highlights new drill hole number SH11-215 in section 550W in the West Zone, where the Company has graphically interpreted newly identified mineralization (purple) in relation to the existing grade shells defined by Mine Development Associates in the updated mineral resource estimate announced on June 16, 2011 (in red). This new hole suggests the depth of oxide-sulphide boundary (solid dark blue line in Figure 2) to be approximately 50 vertical metres below that of the previous interpretation in the north-eastern part of this section (light blue dashed line in Figure 2). Since the oxides and sulphides are processed differently, this added volume of oxide material (see area highlighted in yellow in Figure 2) will positively contribute to the planned heap leach scenario.

To view "Figure 2 - West Zone, Section 550W," please visit the following link:

http://media3.marketwire.com/docs/sue818figure2.jpg.

(i)The interpretations of added mineralization highlighted in the section above are geological interpretations that are preliminary in nature and should not be relied on.


Table 1 - Central Corridor Drill Results (Intercepts have been calculated
using a 0.2 g/t cut-off)
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WEST ZONE
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From To Interval True Width Gold Silver
Drill hole # (metres)(metres) (metres) (metres)(1) (g/t) (g/t) Type
----------------------------------------------------------------------------

----------------------------------------------------------------------------
SH11-211(2) 21.3 111.8 90.5 56.6 0.88 15.5 Oxide
----------------------------------------------------------------------------
including 60.3 67.7 7.4 4.6 1.75 47.5 Oxide
----------------------------------------------------------------------------
including 70.2 86.9 16.7 10.4 1.27 22.7 Oxide
----------------------------------------------------------------------------

----------------------------------------------------------------------------
SH11-214(2) 133.8 147.3 13.5 8.1 1.39 24.2 Sulphide
----------------------------------------------------------------------------
including 135.3 140.4 5.1 3.1 3.02 54.5 Sulphide
----------------------------------------------------------------------------
SH11-214 172.8 184.8 12.0 7.0 0.68 6.0 Sulphide
----------------------------------------------------------------------------

----------------------------------------------------------------------------
SH11-215(2),(3) 0.0 30.6 30.6 15.0 1.39 4.0 Oxide
----------------------------------------------------------------------------
including 3.6 11.1 7.5 3.7 3.19 6.1 Oxide
----------------------------------------------------------------------------
including 18.6 23.1 4.5 2.2 1.84 5.4 Oxide
----------------------------------------------------------------------------
SH11-215 36.3 59.1 22.8 10.6 1.14 26.3 Oxide
----------------------------------------------------------------------------
including 39.3 43.8 4.5 2.1 1.92 59.6 Oxide
----------------------------------------------------------------------------
including 48.6 57.6 9.0 4.1 1.45 17.0 Oxide
----------------------------------------------------------------------------
SH11-215 69.6 131.1 61.5 27.4 0.88 22.0 Oxide
----------------------------------------------------------------------------
including 82.8 96.6 13.8 6.2 1.29 36.1 Oxide
----------------------------------------------------------------------------
including 101.1 102.6 1.5 0.7 3.72 44.5 Oxide
----------------------------------------------------------------------------
including 111.6 114.6 3.0 1.3 1.64 27.6 Mixed
----------------------------------------------------------------------------
including 124.7 131.1 6.4 2.8 0.99 13.3 Mixed
----------------------------------------------------------------------------
SH11-215(4) 140.1 231.6 91.5 40.6 0.76 18.0 Mixed
----------------------------------------------------------------------------
including 162.6 173.1 10.5 4.7 1.24 24.1 Oxide
----------------------------------------------------------------------------
including 184.4 186.6 2.2 1.0 1.25 26.0 Oxide
----------------------------------------------------------------------------
including 191.1 202.8 11.7 5.2 1.53 36.8 Oxide
----------------------------------------------------------------------------
including 205.2 208.4 3.2 1.4 2.11 28.4 Oxide
----------------------------------------------------------------------------

----------------------------------------------------------------------------
SH11-216(2) 90.2 132.5 42.3 26.4 1.40 31.6 Mixed
----------------------------------------------------------------------------
including 90.2 97.7 7.5 4.7 2.01 76.6 Mixed
----------------------------------------------------------------------------
including 103.7 109.7 6.0 3.7 5.72 77.7 Mixed
----------------------------------------------------------------------------
SH11-216 135.2 144.2 9.0 5.6 1.20 24.1 Sulphide
----------------------------------------------------------------------------

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SH11-222 61.7 97.7 36.0 21.2 0.75 14.5 Oxide
----------------------------------------------------------------------------
including 63.2 73.7 10.5 6.2 1.55 16.4 Oxide
----------------------------------------------------------------------------
SH11-222 110.0 174.2 64.2 36.8 0.63 13.4 Mixed
----------------------------------------------------------------------------
including 126.2 138.2 12.0 6.9 1.04 15.5 Mixed
----------------------------------------------------------------------------

----------------------------------------------------------------------------
SH11-223(3) 5.4 19.7 14.3 9.1 0.52 1.3 Oxide
----------------------------------------------------------------------------
SH11-223(2) 91.7 99.2 7.5 4.6 3.92 0.7 Oxide
----------------------------------------------------------------------------
including 93.2 97.7 4.5 2.8 6.36 0.8 Oxide
----------------------------------------------------------------------------
SH11-223(4) 120.2 132.2 12.0 7.4 0.45 4.4 Sulphide
----------------------------------------------------------------------------



----------------------------------------------------------------------------
SUB-CORRIDOR 'A'
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From To Interval True Width Gold Silver
Drill hole # (metres)(metres) (metres) (metres)(1) (g/t) (g/t) Type
----------------------------------------------------------------------------

----------------------------------------------------------------------------
SH11-210 120.3 144.3 24.0 14.2 0.50 19.0 Sulphide
----------------------------------------------------------------------------
SH11-210 151.8 162.3 10.5 6.2 0.40 5.9 Sulphide
----------------------------------------------------------------------------



----------------------------------------------------------------------------
CENTRAL ZONE
----------------------------------------------------------------------------
From To Interval True Width Gold Silver
Drill hole # (metres)(metres) (metres) (metres)(1) (g/t) (g/t) Type
----------------------------------------------------------------------------

----------------------------------------------------------------------------
SH11-219 81.0 100.5 19.5 11.9 0.70 1.0 Oxide
----------------------------------------------------------------------------
including 87.0 94.5 7.5 4.6 1.20 0.7 Oxide
----------------------------------------------------------------------------
Mixed-
SH11-219(5) 138.0 188.3 50.3 29.9 0.40 22.4 Sulphide
----------------------------------------------------------------------------



----------------------------------------------------------------------------
EAST ZONE
----------------------------------------------------------------------------
From To Interval True Width Gold Silver
Drill hole # (metres)(metres) (metres) (metres)(1) (g/t) (g/t) Type
----------------------------------------------------------------------------

----------------------------------------------------------------------------
SH11-212 130.9 163.9 33.0 19.3 0.62 4.1 Oxide
----------------------------------------------------------------------------
Sulphide
SH11-212 240.4 292.9 52.5 29.9 0.76 19.2 -Oxide
----------------------------------------------------------------------------
Sulphide
including 243.4 249.4 6.0 3.4 2.49 63.2 -Oxide
----------------------------------------------------------------------------



----------------------------------------------------------------------------
MOYAN ALTO ZONE
----------------------------------------------------------------------------
From To Interval True Width Gold Silver
Drill hole # (metres)(metres) (metres) (metres)(1) (g/t) (g/t) Type
----------------------------------------------------------------------------

----------------------------------------------------------------------------
SH11-217 118.5 149.6 31.1 18.6 0.41 3.4 Oxide
----------------------------------------------------------------------------
Mixed-
SH11-217 (4) 154.5 208.5 54.0 32.0 0.26 4.3 Sulphide
----------------------------------------------------------------------------
(1) Assuming perpendicular or near perpendicular to the plane defined by the
drill hole. Geological understanding of the mineralized zones is
continuing to develop as the project advances.
(2) One or more Gold assays capped at 7 g/t Gold.
(3) Mineralization found within 10 meters of beginning of hole.
(4) Mineralization found within 10 meters of end of hole.
(5) One or more Silver assays capped at 300 g/t Silver.

Quality Control and Assurance

Stephane Amireault, P.Eng., Vice-President Exploration for Sulliden is the "Qualified Person", as defined by National Instrument 43-101, who is responsible for the management of the exploration program and disclosure of the drill results. Mr. Amireault has read and approved the technical and scientific information in this news release.

The analyses for this drilling campaign were carried out by ALS Chemex in Lima, Peru, exercising a thorough Quality Control and Assurance program (QA/QC). All ALS Chemex labs are ISO 9000 registered laboratories. Gold assays reported in this press release were obtained by standard 50 gram fire assaying with AA finish. Gold values over 10g/t Au were obtained by fire assay and gravimetric finish. Silver assays reported in the press release were obtained by Aqua-Regia dissolution followed by ICP-AES measurement. For silver values over 100g/t Ag, Aqua-Regia was followed by Atomic Absorption spectrometer reading. For silver values over 1000g/t Ag, a 30g fire assay was completed with a gravimetric finish.

About Sulliden

Sulliden is a Canadian-based precious metals company focused on the exploration and development of the Shahuindo Gold and Silver Project, located in a prolific gold producing district in northern Peru. This project neighbours world class mines, including Barrick Gold's Lagunas Norte Mine 30 kilometres to the south and the Yanacocha Mine operated by Newmont Mining Company 80 kilometres to the north. A positive Preliminary Assessment for the Shahuindo Project was completed in February 2010 and a Feasibility Study is currently underway. On June 16, 2011, an updated mineral resource estimate more than doubled the Indicated gold ounces in the oxides and almost quadrupled the Inferred gold ounces relative to the 2009 year-end estimate. While the Company progresses towards its goal of becoming a gold producer, a significant focus is also being placed on exploration drilling. The current mineral deposit is open in all directions and at depth, and the Company has planned approximately 70,000 meters of drilling in 2011 to continue the mineral expansion on the property. Sulliden is led by a strong management team with the proven ability to develop, finance and operate mining projects and is poised to generate superior value for its shareholders.

On behalf of Sulliden Gold Corporation Ltd.:


Peter Tagliamonte Stan Bharti
President and CEO Chairman

If you would like to be added to Sulliden's news distribution list, please send your email address to contact@sulliden.com.

Caution regarding forward-looking information:

This press release contains "forward looking information" within the meaning of applicable Canadian securities legislation. Forward looking information includes without limitation, statements regarding the drilling results, the size and quality of the company's mineral resources, progress in development of mineral properties, future capital and operating expenses, future metal prices, the future financial or operating performance of the Company, the prospective mineralization of the properties, planned exploration programs and anticipated production schedule. Generally, forward looking information can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information, including but not limited to: general business, economic, competitive, geopolitical and social uncertainties; the actual results of current exploration activities; other risks of the mining industry and the risks described in the annual information form of the Company. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward looking information. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

Contacts:
Sulliden Gold Corporation
Caroline Arsenault
Investor Relations Manager
(416) 861-5805

Sulliden Gold Corporation
Scott Moore
Vice President Corporate Development
(416) 861-5903
www.sulliden.com

Source: Sulliden Gold Corporation

[Lucho]

Expert Analysis
Kerry Smith, Haywood Securities (8/18/11) "Sulliden Gold Corp.'s drill results expand oxide mineralization, previously defined gold zones and potential for grade improvement. . .the company announced further positive results from drilling at its wholly owned Shahuindo gold and silver project in Peru. . .hole SH11-215 indicated that oxide mineralization continues at least 50m deeper than previously thought and potentially expands the volume of heap-leachable material. . .all 2011 drilling, including the results released today, continue to demonstrate grades in line with or better than our modeled grade of 0.7 g/t gold. . .we expect further positive news flow including drilling from the North Corridor, which began in late July 2011, with the next batch of results in 4–6 weeks as the company receives additional assay results. . .with the early indications that dump leach recoveries would be high, the potential for additional tons of low-grade ore (in the 0.25–0.3 g/t range) is high and would increase gold production, lower the strip ratio and improve the NPV of the project."

Steve Parsons, National Bank Financial (8/18/11) "Sulliden Gold Corp. released an additional 10 holes from the 2011 drill program; all holes reported contained intervals with gold grades above the 0.2 g/t cutoff and in many cases grades were higher than the current resource grade of ~0.58 g/t gold over long intervals. . .overall, these results help support our view that substantial upside exists to the June 2011 resource and pit economics are set to improve with an implied drop in the stripping ratio as in-pit waste is converted to mineralization. . .with project and sustaining capex on the rise, the strategic value of low capex-intensity heap-leach operations such as Sulliden's cannot be overstated. . .we reiterate our Outperform rating and $3.90 target price."

Fuente: http://www.theaureport.com/

[Lucho]

Sulliden Initiates Diamond Drilling in the North Corridor Following Positive Exploration Results August 25, 2011
Download this Press Release


TORONTO, ONTARIO -- (MARKET WIRE) -- 08/25/11 -- Sulliden Gold Corporation Ltd. ("Sulliden", the "Company") (TSX: SUE)(OTCQX: SDDDF)(BVLAC: SUE) is pleased to report that it has begun diamond drilling in the North Corridor of its Shahuindo property in Peru (See Figure 1), where initial ground exploration has returned significant intercepts including an average of 4.4 g/t gold over 26 metres and 2.0 g/t gold over 21.5 metres from channel samples. The Company is also pleased to provide an update on the engineering studies for the Shahuindo Project.

The North Corridor is a parallel mineralized structure located approximately two kilometres north of the Central Corridor, and had previously been identified by preliminary soil geochemistry. As part of the larger exploration strategy at Shahuindo, Sulliden's geology team has been conducting mapping and comprehensive soil sample geochemistry on the property throughout the last two years. To date, these activities have been completed on approximately 20 square kilometres of the property. Results from the North Corridor showed a strong geochemical footprint that currently extends for at least two kilometres in a NW to SE direction (See geochemical anomaly results in Figure 1). Initial trenching and rock sampling in the North Corridor have returned positive results, including:


-- Six continuous horizontal channel samples averaging 2.0 g/t gold and 6.6
g/t silver over 21.5 metres
-- Five successive channel samples averaging 4.4 g/t gold over 26 metres
located in an adit
-- Four chip samples covering an area of 830 square meters whose average
returned 0.94 g/t gold

Exploration experience from the Central Corridor has shown a good correlation between surface geochemical anomalies from soil sampling and mineralization found in drill holes. The Company believes there is a strong potential to see a similar occurrence in the North Corridor.

The above exploration activities have also enabled the interpretation of additional mineral structures in the Central Corridor area, such as the previously announced sub-corridors "A" and "B" (see press releases from April 19, May 3 and May 26, 2011), and more recently a possible North-South trend which could connect the North Corridor, Central Corridor and South Corridor (See dotted blue lines in Figure below). Further surface sampling is planned along these trends to continue improving the geological understanding of the property and to define new drill targets as the project continues to expand.

Stephane Amireault, Vice-President of Exploration for Sulliden, commented, "The North Corridor is a favourable exploration target with many geophysical and geochemical anomalies that have yet to be drilled. We are pleased to have begun drilling this large and exciting target, and believe it could become a sizeable source of mineral growth for the Shahuindo Project."

The Company continues to progress its 70,000 metre drilling program planned for the Shahuindo Project in 2011, with 211 holes representing approximately 41,860 metres drilled to date.

To view Figure 1 - Geochemical Soil Sampling Program at Shahuindo, please visit the following link: http://media3.marketwire.com/docs/geochem.jpg

Engineering Update

Sulliden continues to make positive progress on the engineering studies at its Shahuindo Project. To date, the Company has completed 21,000 metres of additional drilling since the March 2011 data cut-off date of the latest mineral resource estimate. Results from drilling have continued to support expected mineral resource growth, a deepening of the known oxide mineralization and greater continuity of mineralization within the Central Corridor than had previously been modeled. Notable intercepts have included:


-- 1.17 g/t Gold over 104.6 metres, including 3.15 g/t Gold over 14.9
metres
-- 1.42 g/t Gold over 86.0 metres, including 3.38 g/t Gold over 15.4 metres
-- 1.75 g/t Gold over 58.5 metres, including 2.72 g/t Gold over 21.0 metres
-- 1.98 g/t Gold over 36.1 metres, including 4.17 g/t Gold over 3.0 metres
-- 1.20 g/t Gold over 52.5 metres, including 2.09 g/t Gold over 23.7 metres

The continued expansion of the mineral resource has allowed the Company to consider various optimization scenarios associated with maximizing gold production within the Feasibility Study. Results to date have indicated a potentially more robust project than initially anticipated. Mining rates and equipment sizes are being reviewed with a likely shift to larger tonnage capabilities.

The result is a project that appears to be growing beyond the original design parameters. As such, Sulliden now plans to complete the Feasibility Study in early 2012. The Company will complete the components of the Feasibility Study required for the permitting process in parallel with the engineering expansion of the project to attain a fast track construction decision for building a mine.

Quality Control and Assurance

Stephane Amireault, P.Eng., Vice-President Exploration for Sulliden is a "Qualified Person", as defined by National Instrument 43-101, who is responsible for the management of the exploration program and its results. Mr. Amireault has read and approved the technical and scientific information in this news release.

All sample sites were cleaned before sampling. Horizontal channel samples were taken continuously and length weighted average is reported. Chip samples consisted of taking between 15 to 30 chips per sample, each sample covering a discontinuous zone of outcrop extending over 30 to 250 square meters. A simple average of chip samples was then calculated. Adit sampling consists of a succession of approximately 1 meter vertical channels taken every 5 meters along one wall of the adit. A simple average of these five channels is reported, one individual value (9.94 g/t gold) was cut to 7g/t gold. The analyses for this drilling campaign were carried out by ALS Chemex and SGS laboratories in Lima, Peru, exercising a thorough Quality Control and Assurance program (QA/QC). All ALS Chemex and SGS labs are ISO 9000 registered laboratories. Gold assays reported in this press release were obtained by standard 50 gram fire assaying with AA finish. Gold values over 10g/t Au (ALS) or 5g/t (SGS) were obtained by fire assay and gravimetric finish.

About Sulliden

Sulliden is a Canadian-based precious metals company focused on the exploration and development of the Shahuindo Gold and Silver Project, located in a prolific gold producing district in northern Peru. This project neighbours world class mines, including Barrick Gold's Lagunas Norte Mine 30 kilometres to the south and the Yanacocha Mine operated by Newmont Mining Company 80 kilometres to the north. A positive Preliminary Assessment for the Shahuindo Project was completed in February 2010 and a Feasibility Study is currently underway. On June 16, 2011, an updated mineral resource estimate more than doubled the Indicated gold ounces in the oxides and almost quadrupled the Inferred gold ounces relative to the 2009 year-end estimate. While the Company progresses towards its goal of becoming a gold producer, a significant focus is also being placed on exploration drilling. The current mineral deposit is open in all directions and at depth, and the Company has planned approximately 70,000 meters of drilling in 2011 to continue the mineral expansion on the property. Sulliden is led by a strong management team with the proven ability to develop, finance and operate mining projects and is poised to generate superior value for its shareholders.

On behalf of Sulliden Gold Corporation Ltd.:

Peter Tagliamonte, President and CEO

[Lucho]

TGR: Is Sulliden Gold, which you mentioned earlier, still undervalued? It has a 1 million ounce (Moz.) resource that it has developed in Peru, which is surrounded by some of the largest gold producers in that country.

CA: Sulliden’s Shahuindo gold project is located in what may be the lowest production cost gold mining neighborhood on the planet. The region includes Yanacocha, which is by far the biggest open-pit mine in South America and is considered the second largest in the world. It is owned by major gold miners Newmont and Peru’s Buenaventura. Among the many other gold mines in the area, Buenaventura has two new projects to the north that are similar to Shahuindo. Barrick’s massive Laguna Norte mine is just to the south. Overall, Peru is the fourth or fifth largest gold producer on the planet.

In this setting, Sulliden updated its resource estimate in June. It has been doing a lot of exploration drilling over the past year or more, which has resulted in a dramatically increased estimate from 1.4 Moz. to 3.4 Moz. today. Hence, the dramatic rise in the company’s stock price. Sulliden is a great little company with a great story.

After the four-year lawsuit we mentioned earlier, it was taken over by a group of experienced and serially successful gold miners, from a mining investment house known as Forbes & Manhattan. F&M is run by Stan Bharti, who is an exceptional mining personality. The firm put Peter Tagliamonte, who is also a very accomplished gold mine developer, in charge of Sulliden and together they placed Sulliden on an aggressive exploration and development footing as it emerged from the shadow of litigation.

For investors who were able to purchase the stock earlier last year as it emerged from the lawsuit, it has provided a return that is many multiples of their initial investment. The company has delivered on its business plan and has now progressed beyond being an early-stage explorer to being a company on the path to developing and operating a mine. Nevertheless it still has extraordinary exploration upside as well.

The intriguing thing about the deposit is that the company continues to extend the strike length and lateral extensions of the deposit. In other words, it continues to find gold further and further away from the main deposit in all directions. In addition, a vast majority of its previous drilling has only explored down to about 110 meters (m). The current resource of 3.4 Moz. is found at very shallow depths. The company has punched a few holes beneath this depth to about 400m and discovered that the deposit is open to that depth as well. The bottom line is this planned open-pit gold mine is going to get a lot bigger—in length, width and depth.

It also looks as though the grade is getting better as the company better understands the geology and continues to drill. Sulliden is in the midst of preparing a definitive feasibility study and the results are due to be released any time now. This will be a significant milestone in the company’s development that will set the stage for a decision to start construction and to obtain mine financing. We would also expect a positive study to provide the basis for a revaluation of the share prices in the upward direction.

TGR: What do you think the chances are of it being taken over by one of its larger neighbors?
CA: We think the chances are very high. I have no doubt that the company is on the short list of several of the majors.

Fuente: The Gold Report

[Lucho]

Steve Parsons, National Bank Financial (8/26/11) "Sulliden Gold Corp.'s exploration work validates potential of the North Corridor: The first set of channel samples in the North Corridor has returned compelling results with six continuous horizontal samples averaging 2 g/t gold and 6.6 g/t silver over 21.5m and five successive samples averaging 4.4 g/t gold over 26m located in an adit. . .continued success both in the Central Corridor and now to the north has prompted the company to defer the feasibility study to early 2012 (from late 2011) with a view to engineering an expanded operation. . .with Shahuindo, the hallmarks of a company-maker emerged in 2010 only to solidify further in 2011. . .we continue to rate Sulliden shares Outperform and reiterate our $3.90 target price."

Fuente: www.theaureport.com

[Lucho]

Recommendation: SPECULATIVE BUY
Revised 12-Month Target: C$4.75
Previous 12-Month Target: C$4.25
SULLIDEN GOLD CORP. LTD.3 Risk Rating: ABOVE AVERAGE
(TSX-SUE C$1.97) Analyst: Ryan Walker
Sulliden Gold Corporation Ltd. is a junior gold exploration and development company
focused on exploring and advancing into production the 100%-owned Shahuindo goldsilver
project in northern Peru.
In June, Sulliden reported a near doubling of Shahuindo’s oxide gold resource to
2.2 million ounces. Drilling continues in and around the existing resource, and on the
North Corridor - a large geochemical and geophysical anomaly some 2 km to the north.
Multiple additional nearby targets remain virtually undrilled. The deposit’s underlying
sulphides have also emerged as an important exploration target, delivering an updated
Inferred resource totalling 1.2 million ounces of gold and 36 million ounces of silver,
based on limited drilling. Deeper drilling to gain a better understanding of the sulphides is
ongoing as part of 70,000 metres planned for 2011; another 70,000-80,000 metres of
drilling is planned for 2012.
Going forward, we expect a continued steady flow of drill results, a resource update later
this fall and a Feasibility Study focused solely on the project’s oxide resources in early
2012.
We continue to recommend purchase of Sulliden Gold shares as a SPECULATIVE
BUY and are raising our target to C$4.75/share from C$4.25/share, reflecting our new
price deck, net of minor modeling adjustments. We continue to see substantial
exploration upside at Shahuindo.
`

[Lucho]

Scotia Daily Mining Scoop (9/14/11) "We like Sulliden Gold Corp.'s gold oxide heap leaching. . .typical to this Peruvian gold belt, the area is host to fast-leaching, high recoveries of 85%+ and positive grade reconciliation of 30%+. . .the ore is easy to blast/mine with very good percolation rates on the pad and fast recoveries of the fine-grained gold. . .heap leach mines are usually easier to permit and construction takes less than 1 year. The capex intensity is low at $1,000 capex per production year and, when you add $500/oz. operating costs, a one-year payback on capex is achievable. . .North Corridor drilling could add 1 Moz.–1.5 Moz. to the current 2 Moz. oxide—news on this is expected within the next two or three weeks."

Fuente: http://www.theaureport.com/

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Sulliden Gold encuentra en el proyecto Shahuindo leyes de 1.44 g/t, 0.97 g/t y 0.84 g/t de oro

Sulliden Gold sigue anunciando los avances de su programa de perforación en el proyecto aurífero Shahuindo, en la región Cajamarca.

Según la minera, el actual programa de perforación continúa demostrando un desarrollo mineral en el Corredor Central, donde se encuentra el estimado de recursos minerales. Los descubrimientos más significativos son:

Hoyo SH11-220 en la Zona Oeste, 0.97 g/t de oro y 12.6 g/t de plata en 111.0 metros, que incluyen 1.87 g/t de oro y 15.8 g/t plata en 22.5 metros.

Hoyo SH11-249 en la Zona Central, 1.44 g/t de oro y 13.6 g/t de plata en 33.0 metros, que incluyen 2.10 g/t de oro y 23.7 g/t de plata en 17.1 metros.

Hoyo SH11-248 en la Zona Este, 0.84 g/t de oro y 17.7 g/t de plata en 64.5 metros, que incluyen 1.49 g/t de oro y 58.2 g/t de plata en 16.5 metros.

Se ha perforado aproximadamente 44,700 metros, que representan 225 pozos, en lo que va del año y la minera continúa trabajando a buen ritmo en su meta de concluir su programa de perforación de 70,000 metros para el término del ejercicio. La perforación continúa ofreciendo resultados alentadores en el Corredor Central y se encuentran en marcha otros dos programas de perforación para el desarrollo de recursos, que incluyen la perforación exploratoria a profundidad en búsqueda de mineralización y la perforación exploratoria en el Corredor Norte. La Gerencia estima que el éxito de estos programas de exploración podría representar una escala significativa de desarrollo de recursos minerales en Shahuindo.

Desde que la perforación se reinició en el 2009, los pozos de exploración en el Corredor Central han sido perforados a mayor profundidad que el promedio de 110 metros histórico y los resultados a la fecha han indicado con éxito una continuidad de la mineralización de sulfuro directamente por debajo del límite de óxido. En los resultados del grupo de exploración reportados en esta nota de prensa, este fenómeno es evidente en el pozo SH11-220 en la Zona Oeste, donde se ha confirmado casi 200 metros por debajo de los óxidos.

El programa específico de perforación de pozos profundos comprenderá aproximadamente 15 pozos profundos, en los que se realizará una prueba de mineralización de sulfuro a profundidades de 300-400 metros a lo largo de las cuatro zonas del Corredor Central. A medida que se obtienen los resultados, se vienen realizando pruebas metalúrgicas de prefactibilidad a cargo de G&T Metallurgical en Kamloops y SGS Lakefield en Vancouver para someter a prueba las recuperaciones.

Stéphane Amireault, Vicepresidenta de Exploraciones de Sulliden, comentó, “Nos sentimos muy satisfechos del continuo éxito de nuestro programa de perforación en Shahuindo. Nuestras actividades de exploración continúan en el Corredor Central y los pozos de perforación más profundos que se vienen realizando nos están ayudando a validar el modelo geológico de Shahuindo con ampliaciones confirmadas de mineralización en sulfuros a profundidad. Esperamos seguir con el éxito en la exploración mientras continuamos trabajando en nuestros objetivos de perforación prioritarios en el Corredor Central, incluyendo sulfuros a profundidad, así como en el Corredor Norte.”

Sulliden Gold Corporation es una minera junior canadiense con sede en Toronto que lista sus acciones en la Bolsa de Valores de Lima (BVL) desde el 11 de agosto último. También lista sus acciones en la Bolsa de Valores de Toronto (TSX) y en el mercado OTCQX de Estados Unidos. Su único proyecto es Shahuindo, que a junio de este año tenía recursos minerales indicados por 1.97 millones de onzas de oro y 27.98 millones de onzas de plata y recursos minerales inferidos por 1.4 millones de onzas de oro y 38.6 millones de onzas de plata.

El Presidente del Directorio de Sulliden Gold es el canadiense Stan Barthi y el Presidente y CEO es Peter Tagliamonte. El abogado peruano Javier Fernández Concha Stucker es el Gerente General de Minera Sulliden Shahuindo SAC, la filial que se encarga de desarrollar el proyecto Shahuindo.

Publicado el Miércoles, 21 de Setiembre del 2011

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Gary Baschuk, Raymond James (9/19/11) "Sulliden Gold Corp. released results from its ongoing 70,000m drill program at its 100%-owned Shahuindo Gold Project in Peru; the company released results from 29 of 225 holes drilled so far in the 2011 program. We view these results as mostly positive as the mineralization has again been extended beyond previous limits, intersected grades higher than the current resources (0.50 g/t) and improved the geological knowledge of the deposit; we continue to view the 2011 program as a successful venture to increase the size of the deposit, upgrade the resource classification and improve the project's economics."

Fuente: Theaureport

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Michael Berry, Morning Notes (9/19/11) "Sulliden Gold announced further drill results from its Shahuindo gold/silver property in Peru. The results from the 70,000m drill program continue to demonstrate mineral growth in the Central Corridor area. Highlights from the drill results include hole SH11-220 which yielded 0.97 g/t gold and 12.6 g/t silver over 111 m and hole SH11-249 which returned1.44 g/t gold and 13.6 g/t silver over 33 m. Drill results from the West, Central and East Zones continue to expand the mineral system in the Central Corridor, which remains open along strike, at width and at depth. A Bay Street analyst noted that management believes they will be able to point to four million ounces of gold oxide which would lead to an annual 300,000- ounce operation with cash costs in the $400–$500/oz. range. Drill results from the company's North Corridor zone, which should be out within two weeks, could help support management's goal of showing a 4 Moz. gold oxide resource."

Steve Parsons, National Bank Financial (9/19/11) "Sulliden Gold Corp. announced results for 28 new drill holes in Central Corridor; the weighted average is 0.86 g/t Au and 18.9 g/t Ag over 16.9m. . .while more-of-the-same higher-grade results help support our assumption of a 2.9 Moz. oxide resource (vs. current of 2.2 Moz.), what should not go unnoticed is that drilling is adding ounces in the pit area, thereby lowering the strip ratio and enhancing the pit economics. . .with Shahuindo, the hallmarks of a company-maker emerged in 2010, only to solidify further in 2011."

Fuente: http://www.theaureport.com

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Sulliden might add a million ounces gold to oxide resources at its Shahuindo gold project in Peru as solid drilling results continue to roll in, Haywood Securities analysts suggest.

A Haywood team of mining analyst led by Kerry Smith said in a note to investors Friday that "we would not be surprised to see the total oxide resource grow to the +/- 3 million ounce range once the new feasibility and resource update are completed in Q1/12." That would mean a 50-percent increase to oxide ounces, which Sulliden last calculated to be about two million ounces gold, mostly in the indicated resource category.

Adding deeper sulphide mineralization to the mix, Haywood suggested Sulliden is targeting a total resource estimate in the four to five million ounce gold range.

Haywood bases its bullish forecast on drilling results released this year that have been "in line with or better" than its modeled 0.7 g/t gold grade at Shahuindo, where in 2011 Sulliden has so far drilled 52,000 metres of a 70,000 metre program. Sulliden aims to drill another 70,000 metres next year to upgrade and expand resources that fall in an elongated and contiguous two-kilometre-long mineralized area encompassing several zones stretching from the southeast to the northwest.

The definitive answer to how much bigger Shahuindo will get on the back of 2011 drilling results should come early next year when Sulliden plans to update resources and release of feasibility study of Shahuindo.

Sulliden recently outlined expectations for that feasibility study, proposing Shahuindo as a 150,000-ounce-gold per year mining project with a 10-year mine life and capital costs in the $200 million range.

Then there is the North Corridor where Sulliden announced this summer it had outlined another two-kilometre-long geochemical anomaly about one kilometre north of existing resources, with channel sampling showing grades in the 2 to 7 g/t gold range.

Sulliden started a 5,000-metre drilling campaign in the North Corridor in August with one drill rig and now Sulliden reports it has added two more to the mix. Drilling results from the North Corridor will begin to flow in late November, Sulliden said.

How much of an impact the northern prospect will have on the Shahuindo project remains to be seen, but Sulliden has reason to believe it may replicate success in the south.

"Exploration experience from the Central Corridor has shown a good correlation between surface geochemical anomalies from soil sampling and mineralization found in drill holes," Sulliden recently said, adding it "believes there is a strong potential to see a similar occurrence in the North Corridor."

Fuente:www.mineweb.com

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Sulliden Announces $75 Million Bought Deal Financing November 03, 2011
Download this Press Release

TORONTO, ONTARIO--(Marketwire - Nov. 3, 2011) -

NOT FOR DISTRIBUTION TO THE UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.

Sulliden Gold Corporation Ltd. ("Sulliden", the "Company") (TSX:SUE)(OTCQX:SDDDF)(BVLAC:SUE) is pleased to announce that it has entered into an agreement with National Bank Financial Inc. and Cormark Securities Inc. as co-lead underwriters on behalf of a syndicate of underwriters to be formed (the "Underwriters"), for the issuance of 43,353,000 common shares (the "Shares") of the Company, on a bought deal basis, at a price of $1.73 per Share for gross proceeds of $75,000,690 (the "Offering").

The Company will also grant to the Underwriters an option, exercisable at any time until 5:00 p.m. on the 30th day following the closing, to purchase up to an additional 6,500,000 Shares.

The net proceeds from the Offering will be used by the Company to expand the exploration program at the Shahuindo project given recent exploration results, to acquire the existing net smelter royalty on the Shahuindo project, to acquire additional mining concessions adjacent to the Shahuindo project, and to fund other advancement activities at the Shahuindo Property and for general corporate purposes.

The Shares will be offered by way of a short form prospectus to be filed in all of the provinces of Canada pursuant to National Instrument 44-101 Short Form Prospectus Distributions.

The Offering is scheduled to close on or about November 29, 2011 and is subject to certain conditions including, but not limited to, the receipt of all necessary approvals including the approval of the Toronto Stock Exchange and the securities regulatory authorities.

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Lo interpreto como una buena señal.

Adicionalmente hace unos días hubo una conferencia en la cual, el representante de SUE mencionó que espera que durante el año 2012 - producto del nuevo plan de perforaciones - las reservas actuales pasen de 3.4 MM de onzas a entre 6MM -8 MM de onzas.

Asimismo menciono que el nuevo informe de reservas debe estar publicándose a finales del 1er trimestre del 2012 y el estudio de factibilidad a inicios del 2do trimestre 2012.

A tener un poco de paciencia.

Saludos

Sulliden Purchases 1.5% NSR Royalty on Its Shahuindo Project in Peru December 07, 2011
Download this Press Release


TORONTO, ONTARIO--(Marketwire - Dec. 7, 2011) - Sulliden Gold Corporation Ltd. ("Sulliden", or the "Company") (TSX:SUE)(OTCQX:SDDDF)(BVLAC:SUE) is pleased to announce that it has exercised its option to acquire the 1.5% Net Smelter Return Royalty ("NSR Royalty") on production from the Shahuindo Gold and Silver property.

The 1.5% NSR Royalty was granted in February, 2009 as part of the Shahuindo Project settlement agreement (see March 2, 2009 press release). The purchase of the NSR Royalty was completed pursuant to the terms of the same settlement agreement, which provided Sulliden with the right to buy back the 1.5% NSR at any time prior to February 2012. The Company expended approximately US$11 million to complete the transaction.

Peter Tagliamonte, President and CEO of Sulliden, commented "Sulliden continues to make good progress with the development of the Shahuindo Gold and Silver Project and management believes that the purchase of the 1.5% NSR Royalty will further improve the economics of the project."

About Sulliden

Sulliden is a Canadian-based precious metals company focused on the exploration and development of the Shahuindo Gold and Silver Project, located in a prolific gold producing district in northern Peru. A positive Preliminary Assessment for the Shahuindo Project was completed in February 2010 and a Feasibility Study is currently underway. On June 16, 2011, an updated mineral resource estimate more than doubled the Indicated gold ounces in the oxides and almost quadrupled the Inferred gold ounces relative to the 2009 year-end estimate. While the Company progresses towards its goal of becoming a gold producer, a significant focus is also being placed on exploration drilling. The current mineral deposit is open in all directions and at depth, and the Company has planned approximately 70,000 meters of drilling in 2011 to continue the mineral expansion on the property. Sulliden is led by a strong management team with the proven ability to develop, finance and operate mining projects and is poised to generate superior value for its shareholders.

Quality Control and Assurance

Stephane Amireault, P.Eng., the Vice-President of Exploration for Sulliden is the "Qualified Person" as defined by National Instrument 43-101. Mr. Amireault has read and approved the technical and scientific information in this news release.

On behalf of Sulliden Gold Corporation Ltd.: