Welcome To the Maudore Minerals Ltd HUB On AGORACOM

Maudore Minerals Ltd. (TSX-V: MAO) owns 100% of the Comtois Gold Project and is focused on developing this resource.

Free
Message: report by roger wiegand posted on MAO website
Reply New Message
Prev Message Back To Forum Threaded View Next Message

http://www.maudore.com/pdf/RogerWiegandAugust202010.pdf

Quebec, Canada Continues To Deliver More Of The Best.

Maudore Minerals Ltd. (TSX-V:MAO) Gets Even Better.

Maudore’s New 43-101 Resource Estimate More Than Doubles

Gold Ounces in Quebec and Establishes Open Pit Potential.

“Montreal, Quebec CANADA, August 11, 2010 - Maudore Minerals Ltd. (MAO: TSX-Venture; MAOMF:

US OTC; M6L: Frankfurt Exchange) is pleased to report results from a 43-101 compliant Estimate of Mineral

Resources for the Comtois Project near Lebel-sur-Quevillon and north of Val-d’Or, Quebec, Canada.”

“The revised estimate including drilling data to the middle of February, 2010, has an inferred

Resource, containing 1.2 million ounces gold, incorporating a high grade capping of 65 g/t Au.”

“Note that for comparative purposes, the estimate would be over 1.4 million ounces uncut. The Inferred Mineral

Resource includes: (1) near surface (0 to 150 meter depth) open pit potential of 504,384 ounces at a grade of

3.2 g/t Au using a 1 g/t cut-off, and (2) underground potential (below 150 meters) of 708,409 ounces at a grade

of 6.8 g/t Au using a 3 g/t Au cut-off. The minimum width used in calculating the resource was 2 meters.”

webeatthestreet.com

August 20, 2010

2

Three Year Maudore Chart shows a double bull bottom at the beginning and end of 2008

with our forecast follow-on rally moving into 2009. That double bottom, particularly being

so wide, has predicted the rally, which then followed to over C$4.50.

After normal profit-taking, we are channeled but notice the lows are staying above C$3.00

to slightly above C$4.00. This tells us the stock does not want to sell and is merely pausing

in the sideways channel for the next hot rally. We contend that new rally begins at the end of

August, later this month or, right after USA Labor Day holiday. This next run should be a dandy.

Note the price will make a more pronounced move after volume slows down and

takes a rest. The second to the last price bar from C$3.50 to over C$4.00, we think

was a reaction to the latest positive news when the resource estimate doubled.

More Details On The Maudore Comtois Flagship Project:

-From Maudore’s Website

The current resource estimates a potential open pit inferred resource in the upper 150m at the Osbell area of the

Comtois deposit. From surface to a vertical depth of 150 meters, the estimate is 4,876,000 tonnes grading 3.2

grams per tonne for a contained 504,384 ounces of gold at a cut-off grade of 1 gram per tonne. Underground

potential inferred resource is estimated to be 3,250,000 tonnes grading 6.8 grams per tonne or a contained

708,409 ounces of gold using a cut-off grade of 3 grams per tonne. The combined open pit and underground

Inferred Mineral Resources include a contained 1,212,793 ounces of gold. Since ongoing drilling continues to add

new high grade intercepts, there is considerable opportunity to optimize potential size and mining approaches.

Furthermore, there is good potential for volcanogenic massive sulphide (VMS) gold mineralization occurrences

on the property. This region of Quebec has prolific VMS mine occurrences.

It is important to remember:

1. The presence of some near surface mineralization at these high grades,

2. The main road crosses the property between the Bell and Osborne,

3. The James Bay power project to the North, providing Québec with North America’s lowest-cost power,

has a transmission line less than 3 kilometers away and,

4. Lebel-sur-Quévillion and the relatively nearby towns of Rouyn-Noranda and Val d’Or have a plethora of

experienced mining personnel. All these factors, along with high grades, argue for an ultimately low cost

operation

.

3

A focus on annual chart shows a tighter view of the C$3.00-C$4.00 trading channel.

Our New Maudore Stock Price Forecast

Based upon current share price and our precious metals forecast for the balance of 2010;

we see the following support and resistance numbers expressed in Canadian currency:

Next Support: C$3.50 with following resistance C$4.00. From C$4.00, we resist at C$4.32. From C$4.32

next resistance is C$4.83. From C$4.83, we see C$5.25 resistance followed by a cycle seasonal high of

C$5.66. These prices are based upon the next rally from a C$3.50 base. Our forecast says the

minimum

fall high for these shares is C$4.50 but we are expecting C$5.00 to C$5.66. Should precious metals

stocks diverge from the others, there is a chance the gold and silver prices and their related shares

could perform even better. Early technical signals now tell us this divergence process has begun.

Trader Tracks

recommends buying the shares at the market with a potential hold until at least

Thanksgiving this fall. Higher volatility is expected so we recommend no risk stops for now.

2 Recommendations
Reply New Message
Prev Message Back To Forum Threaded View Next Message
Share
Share
New Message
Please login to post a reply