NEW YORK, Dec. 18, 2003 (PRIMEZONE) -- The following is an investment opinion issued by Investrend Research Syndicate:
Analyst Robert Simpson of Investrend Research affiliate eResearch, rated Lund Gold Ltd. (TSX Venture Exchange:LGD) a "Speculative Buy" in an initiating report and set a price target at C$ 1.15.
In the Report, which is free for a limited period of time on eResearch's website www.eresearch.ca and http://www.investrendresearch.com, the analyst commented on the Company's principal asset: "Lund Gold is primarily focused on the Aldebaran gold exploration project, a newly discovered 10,000 hectare epithermal gold project (in Brazil). Exploration to date has outlined a geochemically anomoulous area (greater than 50 ppb gold) covering approximately 30 square kilometres. Coincident with the central portion of this anomaly is a six-kilometre long hydrothermally altered zone. Chip samples taken from a centrally located trench returned a weighted average of 2.36 g/t gold from five samples across 5.2 metres. A composite chip sample from and adjacent trench returned a value of 114.2 g/t gold over 1.0 metre."
Commenting on the Company's drilling plans, the analyst added: "Recent geophysical surveying conducted by Lund Gold indicates the presence of three distinct geophysical anomalies that are now considered high priority drill targets for the Phase II exploration program that is planned for early 2004."
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