NEW YORK, March 18, 2004 (PRIMEZONE) -- (Investrend Research Syndicate) The following is an investment opinion issued by Investrend Research Syndicate:
Analyst Robert Simpson of Investrend Research affiliate eResearch, rated Barker Minerals Ltd. (TSX Venture Exchange:BML) a "Speculative Buy" in an initiating report and set a price target at C$ 0.80.
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: "Barker Minerals is an excellent choice for investors seeking a well-managed mineral exploration play with significant upside potential. The Company has accumulated a massive property portfolio encompassing 98,440 square hectares (264,099 acres) of property all held 100%. Barker Minerals is entirely focused on the Cariboo District of east-central British Columbia in the hunt for gold deposits and precious metal-rich volcanic massive sulphides (VMS) and /or sediment hosted massive sulphides deposits."
The analyst added: "The Company was built around the discovery process, and as such has been generating a large portfolio of drill targets to begin testing when market conditions were favourable for raising the funds without diluting the Company too much. Currently Barker Minerals has 17 projects at various stages of the exploration process; five projects with multiple targets have now advanced to the drill stage."
eResearch (Independent Equity Research Corp.) is an independent equity research firm focused on under-covered, under-followed North American equities. It has based its business model on that of the bond rating agencies and receives fees from its subscribers and the companies it covers. It does not trade in the securities of the companies it covers or accept any stock related compensation for its research services. It conducts no investment banking, consulting or investor relations services for the companies it covers. eResearch's sole business is equity research. Barker Minerals has paid eResearch a fee of C$4,000 to conduct research on it.
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Contacts:
Barker Minerals Ltd.: Louis Doyle, President and CEO, 604 530 8752, email: info@barkerminerals.com
eResearch., Robert Reid, (416) 643-7643, email: rreid@eresearch.ca. Web site: www.eresearch.ca
Investrend Research Div., Investrend Communications, Inc.: (718) 896-5060, R. Hempel, email: info@investrend.com. Web site: www.investrendresearch.com