Company Profile
Pediment Gold Corp is a junior mining company with a focus on the exploration and development of low-cost gold assets in Mexico. The company was formed in 2005 through the reverse take-over of Minera Pitalla, a private Mexican company originally created by Mel Herdrick, a veteran Phelps Dodge geologist, who had assembled a portfolio of highly prospective gold projects in Sonora and Baja Sur. Pediment was founded on a concept that the Mojave- Sonora Megashear, a zone of exploitable gold mines and deposits stretching for over 600 kilometers from southeast California and southwest Arizona across northwest Sonora, had not been explored under extensive shallow gravel cover, i.e., “pediment” surrounding known mines and deposits.
Summary
- Well financed Canadian-based Junior Gold Company with Solid Management and a tightly held share structure. Significant Insider Ownership (12%) demonstrating confidence in the projects.
- Operations in Mexico’s low cost gold districts. Located in a pediment covered zone of exploitable gold mines and deposits stretching for over 600 kilometers from southeast California and southwest Arizona across northwest Sonora.
- Huge exploration upside with several largely untested targets at San Antonio and La Colorada. PEZ can be a likely takeover target as scoping studies progress and exploration adds ounces to current resources in the coming year.
- Current valuation at C$67/oz Au. Therefore, it is somewhat undervalued with respect to current peer group valuations.
- Risks: The resource calculation methodology for both projects is solely geostatistical. PEZ has not developed a rigorous geological model for either project and therefore the estimates should be considered strictly preliminary in nature.
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