NEW YORK, Dec. 22, 2003 (PRIMEZONE) -- (Investrend Research Syndicate) Analysts Robert Simpson and Barbara Thomae of Investrend Research affiliate eResearch, rated Virginia Gold Mines Inc. (TSX:VIA) a "Speculative Buy" in an initiating report and set a price target at C$2.50.
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 analysts commented on the Company's business: "The Quebec-based, TSX-listed junior has a wide-ranging series of exploration targets within its large portfolio of relatively unexplored properties in the Canadian Province of Quebec" and "Virginia is considered a very active mining exploration company and one of the most significant mining property holders in the province of Quebec. The Company's strategy assures a long-term presence in Quebec through a diversified portfolio, partnerships with multinational miners and local companies, expertise and a solid financial base. The Company has shown it is adaptable to changing demands for different metals. With two-thirds of Virginia's portfolio devoted to gold, the remainder is devoted to base metals and the hunt for platinum group metals (PGMs)."
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