$DUCP Leveraging the historical mining successes

$DUCP Leveraging the historical mining successes in the region and on the site itself, ARX Gold Corporation appears poised to take advantage of one of the most attractive mining opportunities in the industry.

The ARX Springs Gold site is located at Coonambula near Eidsvold in Queensland Australia, a proven producer of gold dating back to 1867. The area has a strong history of reserves and existing reserves are backed by extensive assays.

The size of the ARX opportunity is simply huge. Based on test results ARX has adopted a potential recovery per tonne of between 0.9 gpt  to 1.8 gpt depending on production and operational factors. If the 350,000,000 tons of material available for mining for an estimated 20 year production life is processed and fully exploited, it could mean billions in cash flow.

ARX has licensed a proprietary extraction method that will not only improve efficiency but allow for more gold to be extracted. Furthermore, ARX will not require the typical huge infrastructure costs associated with mining operations, enabling greater profitability even at the earliest stages.

With a long history of mining success, and a need for only limited infrastructure capital to mine the unusually shallow depth on the site, we believe that DUCP offers great potential.Production should commence within 12 months following the start of material stockpiling and we believe that as milestones occur, DUCP should trade substantially higher. We rate DUCP Speculative Buy with a $0.30 price target.