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Monday, June 27, 2016 Derek Macpherson

Timely Fosterville Drill Results from Newmarket

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Newmarket Gold Inc (TSX:NMI) released underground drill results from the Harrier South system at its Fosterville gold mine. The results should allow the company to upgrade existing resources into reserves and support the company’s current valuation and drive a mild re-rating. However, the results feature a few good intersections and with investors taking an increased interest in gold following last week’s Brexit vote, we expect the stock to react favourably today. read more


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