NEW YORK, Dec. 10, 2003 (PRIMEZONE) -- The following is an Investment opinion issued by Investrend Research Syndicate:
Analyst Ron Wortel of Investrend Research affiliate eResearch, reiterated his "Speculative Buy" rating on Alpha Gold Corp. (TSX Venture Exchange:ALQ) in a follow-up report, while raising his price target at C$2.00 from C$1.25.
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 main project: "The Company recently completed its 2003 exploration campaign on the Lustdust property that included 7,908m in drilling and 695 soil samples collected with additional high grade intercepts following on 2002's success."
The analyst added: "The Company increased its land position in the Lustdust area by acquiring eight additional claims on the eastern side of the current claim block. These claims are significant in that they cover the former Bralorne-Takla mercury mine site and could provide land for any future mine development on the project."
The Analyst increased his target price to C$1.25 to C$2.00 and has retained his "Speculative Buy" recommendation.
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