SULLIDEN GOLD

[Lucho]

Buen dia a todos,

Hace unos dias estuve en una conferencia organizada por Celfin y en la cual participaron Peter Tagliamonte (CEO de SUE) y Javier Fernandez Concha (Gerente General SUE). Lo mas saltante de la reunion fue:

Financiamiento de la construccion - US$ 200 MM - se va a recurrir a acuerdos con los proveedores de los equipos (ej. CAT por los camiones y otros equipos) ventas a futuro de mineral y una porcion pequena con nueva emision de acciones. Poca dilusion. En este punto se menciono que actualmente se vienen manejando producciones estimadas de 150,000 onzas anuales pero que se espera que finalmente se trabaje sobre una base de 200,000 onzas anuales.

El estima que con el nuevo estudio de reservas a ser publicado durante el segundo trimestre del 2012 (Kallpa menciona 3er trimestre) se espera que las reservas se incrementen sustancialmente.

El ve que el precio de esta accion se aprecie significativamente en los proximos anios a medida que se acerque a la etapa de construccion y posterior produccion.

Las perforaciones durante el anio 2012 -70,000 metros adicionales - se van a centralizar en lo que ellos conocen como corredor central (70%) y nuevas zonas (corredor norte) 30%. 60% perforacion diamantina y 40% In fill drilling.

Existe pendiente de compra un 10% de tierras. Pero ello no impactara en la construccion.

No requieren mayor uso de agua. La que necesitan la tomaran del reprocesamiento del agua utilizada por una anterior mina. Menciono un diseno de descarga "0".

La zona de influencia directa ZID, impacta a 26 cacerios y unas 300 personas.

No son cabecera de cuenca.

Durante el 2012 se debe presentar el estudio de impacto ambiental. Se menciono que el equipo de RRCC esta trabajando con las comunidades hace muchos anios (9 anios) y el riesgo por este lado esta controlado. Las empresas AUSECO y Social Capital Group los estan apoyando en este tema.

[Lucho]

Comentarios de nuestros amigos de Kallpa

Sulliden Gold Corp

Principal proyecto: Shahuindo ubicado en el sur de Cajamarca, Perú.

Highlights:

· Ubicado en un conocido distrito minero con alto potencial geológico, hogar de Yanacocha (Newmont), Lagunas Norte (Barrick), La Arena (Rio Alto), La Virgen (San Simon), entre otros.
· Proyecto de bajo costo tanto como inversión inicial (alrededor de US$ 200M) como por costo operativo – cash cost (US$/Oz 400 -500).
Además, la producción de lingotes doré será a través de un sencillo proceso Heap Leaching.
· Presenta muy buena infraestructura como acceso a agua, carreteras y electricidad (red eléctrica ubicada a 2km del yacimiento). No se encuentra vecino a alguna cuenca o recurso acuífero (e.g. lagunas) que son los puntos sensibles hoy en día en Cajamarca.
· Recursos mineros únicamente de la capa de óxidos, ubicada muy cercana a la superficie (sulfuros aun no han sido incorporados).

o Recursos indicados = 119.18MT@ 0.052 g/t Au, 7.3 g/t Ag por 1.97M Au Oz + 27.9M Ag Oz

o Recursos Inferidos = 62.83MT @ 0.73 g/t Au, 19.1 g/t Ag por 1.43M Au Oz + 38.5M Ag Oz

· Producción.- Mina a tajo abierto @ 22K TPD (toneladas por día) con una producción anual estimada en 150K Au Oz a lo largo de 10 años de vida útil del proyecto. Producción total= 2.4M Au Oz.
· Pese a que el yacimiento se encuentra ubicado en Cajamarca –conocido por los últimos disturbios sociales en Conga- la Gerencia señala presenta muy buenas relaciones con la comunidad. Cabe resaltar que no hay comunidades de influencia directa mas solo caseríos. Las últimas experiencias nos han mostrado que los problemas sociales estallan principalmente para empresas productoras y/o aquellos proyectos cercanos a las Audiencias Públicas para la aprobación del EIA o reciente aprobación. Shahuindo está un año atrás de este punto crítico. A partir, de todos los disturbios en Conga y Barrick, la Gerencia está aprendiendo y tomando nota de las principales demandas y modus operandi de los últimos acontecimientos. Actualmente, Sulliden dedica gran parte del presupuesto a las relaciones comunitarias

Catalizadores:

· Se encuentra culminando una campaña de perforación de 70K metros en la propiedad.
· Espera una actualización de las estimaciones de recursos & reservas en el Q3 2012.
· Estudio de Factibilidad Q3 2012
· Presentación del EIA al MEM.

Salimos contentos de la reunión. Shahuindo es un proyecto interesante con alrededor de 3.5M Au Oz (sin contar los recursos de plata que deben añadirle al menos 1M Au Oz al proyecto) de bajo costo tanto para el inicio de operaciones (estimado en US$ 200M) como costos operativos (US$/Oz 400 – 500). A precios superiores a los US$/Oz 1,100, que es nuestro precio de oro de largo plazo, creemos que las operaciones en Shahuindo son rentables. Además, presenta varios catalizadores de corto plazo: i) estimaciones de recursos & reservas à Q3 2012, ii) Estudio de Factibilidad à Q3 2012, iii) Presentación & Aprobación del EIA al MEM.

Creemos que el tema clave es el aspecto social. A priori, no sabemos cuánto tomará un acuerdo en Conga para el inicio de operaciones que, obviamente, tendrá un importante efecto en proyectos aledaños como Shahuindo. Asimismo, el cronograma de inicio de operaciones propuesto por la Gerencia Q1 2014 parece bastante agresivo. Veremos qué pasa en los próximos meses.

Repito, no tenemos una cobertura activa en la acción para hacer una recomendación formal; no obstante, nos gusta el papel.

Saludos,

[gabrielfm]

Estimados;

Adjunto un reporte de sulliden, que puede ser de su interes: http://www.ipragma.org/2012/02/suecn-su ... -10022012/

[Lucho]

Sulliden Reports New Positive Drill Results and Provides Project Update

February 16, 2012

TORONTO, ONTARIO--(Marketwire - Feb. 16, 2012) - Sulliden Gold Corporation Ltd. ("Sulliden", or the "Company") (TSX:SUE)(OTCQX:SDDDF)(LMA:SUE) is pleased to report new assay results for 22 holes totaling 4,241 metres of exploration drilling conducted on its Shahuindo property in northern Peru (See property location map, Figure 1).

The Company's exploration program continues in 2012 with further drilling designed to delineate new mineralization along the defined 3.8 kilometre Central Corridor at width and depth. Additionally, in the second quarter of 2012, the Company plans to initiate drilling on other prospective areas of the property, including the north-west and south-east extensions of the Central Corridor where significant mineral anomalies have been identified with geochemistry and geophysics. Further drilling in the North Corridor, which started in the later part of 2011, is also planned to continue this year.

All the drill results reported in this news release were obtained from holes in the Central Corridor (See Figure 2) which continue to encounter additional mineralization. Of particular interest are results in the Sub-Corridor 'B', a mineral structure found parallel to, and approximately 200 metres away from the West Zone. Nine new drill holes in this area have identified new extensions of mineralization along strike. The total strike length of mineralization defining the Sub Corridor 'B' has now expanded to over 300 metres and remains open. The Company intends to continue exploration efforts to define the total extension of this sub-corridor. Highlights from the Sub Corridor 'B' include (location of holes are highlighted in Figure 2):


-- Hole RSH11-211: Intersection of 0.51 g/t gold over 43.5 metres

-- Hole RSH11-209: Intersection of 0.75 g/t gold and 39.6 g/t silver over
25.5 metres (including 2.01 g/t gold and 149.4 g/t silver over 6.0
metres)

-- Hole RSH11-239: Intersection of 1.26 g/t gold and 14.7 g/t silver over
12.0 metres

Another significant intercept highlight from the Central Corridor was drill hole RSH11-219, which intersected 1.07 g/t gold and 17.4 g/t silver over 48.0 metres. This hole, located in the northern part of the East Zone, strengthens the possibility of a north-south trending mineralized occurrence initially identified with hole SH11-292, which intersected 1.61 g/t gold and 11.8 g/t silver over 64.5 meters, including 6.30 g/t gold and 46.6 g/t silver over 13.5 metres (see press release from November 30, 2011). This potential new extension with be further drill tested as part of the 2012 exploration program.

Project Update

Exploration
Sulliden made significant exploration progress on the Shahuindo property in 2011. Drilling in the Central Corridor, which is the location of the current mineral resource area on the property, was successful in expanding the mineralization in several areas, including two new sub corridors 'A' and 'B' (See Figure 2). In addition, in late 2011 and early 2012, the Company announced positive results from the initial drilling on the North Corridor. One of the highlights from the North Corridor, hole SHN11-328, intersected 53.8 metres of 0.85 g/t gold and 71.4 g/t silver in oxides, which is similar in grade and width as the mineralization found in the Central Corridor. These positive results have warranted further exploration drilling in 2012 as the Company works towards its objective of defining a mineral resource in the North Corridor. In 2012, drilling will continue in the North and Central corridors and will also begin drill testing the Central Corridor extensions, which, if successful, could potentially add strike length to the existing 3.8 kilometre ore body.

Mine Developments Associates ("MDA") is currently working on the completion of a new National Instrument 43-101 mineral resource estimate, which will be included in the upcoming Feasibility Study. The new mineral resource estimate will be based on all the accumulated drill data completed in the Central Corridor of the Shahuindo property up to the end of 2011.

Engineering
The Feasibility Study is progressing well with completion expected in the second quarter of 2012. Kappes, Cassiday and Associates ("KCA") is in the process of completing all the remaining engineering work required for the completion of the Feasibility Study, including the optimization of the mine fleet based on the mine plan prepared by MDA using the new mineral resource. Sulliden plans to own and operate its own mining fleet and these capital costs are currently being developed by KCA for inclusion in the Feasibility Study. The water management plan for the Shahuindo Mine is in its final stages and Sulliden expects the water consumption to be in line with the previous preliminary study showing the mining project to be water neutral. The Company continues to invest in the growth of its technical and professional staff in anticipation of the project's pending construction phase.

Permitting
The Company is advancing the Environmental Impact Assessment ("EIA") study, which will be required to obtain the mine construction permit. The technical aspects of this study are progressing well and the Company is also in the process of completing the required community consultation and transparency meetings. Sulliden expects to be able to submit its permit application within the second half of 2012 and is working diligently to obtain its construction permit as soon as possible.

[Lucho]

Gold Profits from World Turmoil: Carlos Andres
TICKERS: LIO; LOMLF; LY1, MRY; MARL, IRL, NEM, SUE; SDDDF
Source: Brian Sylvester of The Gold Report (2/22/12)

Volatile markets. Natural disasters. Geopolitical turmoil. Last year was definitely one for the record books, according to Carlos Andres, managing editor and publisher of the Frontier Research Report. With the world in turmoil, is there any upside for mining investors? Andres believes there is for investors courageous enough to look past the perceived risk and snap up battered, but fundamentally sound, junior mining stocks. In this exclusive interview with The Gold Report, Andres talks about why historical data points to a breakout year for gold and perhaps gold shares.

TGR: What does your research process involve when you're investigating a mining company?

CA: I generally visit exploration projects, interview management and perform extensive due diligence on all public and private information I can get my hands on. I'm very interested in looking for opportunities in emerging and frontier markets because they tend to be shunned for their perceived risk as opposed to actual risk.

Our approach is to take a close look at these companies, their projects, the jurisdictions they operate in, their management teams, financing, and investor relations as factors to get a feel for their prospects, regardless of the fact that they may be in emerging and frontier markets where perceived risk is fairly high. We pick the best of the best. Honestly, the more risk associated with these companies, the more we like it. It means we'll be able to buy the shares at depressed prices that don't reflect their inherent value.

TGR: What are some of those names?

CA: Sulliden Gold Corp. (SUE:TSX; SDDDF:OTCQX; SUE:BVL) in Peru is a favorite. It has an excellent management team. Its Shahuindo gold project represents a large, low-grade, bulk-tonnage affair with a deposit that is literally open in all directions, including at depth. The company continues to find mineralization in all directions that's consistent with what it has already found. It had 1 million ounces (Moz) defined when we first recommended the company in 2010. Since then the resource has grown to about 3.4 Moz and it likely has a long way to go before Sulliden finds its limits. We wouldn't be surprised if it has 5 Moz by the end of the year, and in our opinion the sky's the limit beyond that.

In terms of jurisdiction, Peru is one of the biggest gold producers on the planet with a mature mining industry; however, it has had a few hiccups on the local level lately. Some mining operations have experienced protests, sometimes violent, from the local communities, including Newmont Mining Corp.'s (NEM:NYSE) giant Conga project, which was under construction. There were serious local protests and, as a result, it shelved that project temporarily. The project appears to be back on track and Newmont expects to begin production from the new mine in 2015. Although we are watching all aspects of the situation in Peru closely, events have not been sufficient to cause us to turn negative on the country as a mining jurisdiction.

TGR: Sulliden recently purchased a 1.5% net smelter return royalty on Shahuindo for $11 million (M). Was that a good price, or did it create a lag on Sulliden's stock?

CA: I don't believe it caused a lag on the stock. Sulliden's stock price has retreated in lock step with the overall markets in general and along with the gold mining sector in particular. The current mine plan calls for 105,000 oz of annual production with a 10-year mine life. We think the mine life will ultimately be much larger than that. However, using these figures and a $1,500/oz gold price, Sulliden paid $11M now to obtain $24M in revenue over the 10-year mine life. That's not a bad deal and given that the deposit and the mine life are likely to grow, this is probably a shrewd move by management.

TGR: Sulliden recently had a drill intercept of about 54 meters (m) at 0.85 grams per ton (g/t) gold and 71.4 g/t silver in the central corridor of Shahuindo. What's interesting about that is the high-grade silver aspect of that intercept. Do you believe that this is becoming more of a silver play than a gold play and may garner some interest from some of the big silver players?

CA: It certainly has the potential. At current market prices, the gold deposit is roughly 2.6 times bigger than the silver deposit. If Sulliden continues to encounter silver grades and intercepts like this going forward, it may indeed reduce that ratio further, making it more attractive to silver players over time.

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

[gabrielfm]

Estimados;

Adjunto un análisis de su interes.
http://www.ipragma.org/2012/03/suecn-su ... -10022012/

Saludos

[JorgeCDM]

Apostar por SUE es apostar por Conga

[JorgeCDM]

Apostar por SUE es apostar por Conga

Esto escribí hace mas de un año y lamentablemente se dió

En las últimas semanas SUE ha tenido un movimiento inusual para el promedio del mercado, todos los días estan pasando grandes cantidades en Canada y todo desde que Agnico compró el 10% de SUE... me atrevo a decir que el mercado está especulando la posible compra de esta empresa por SUE