eResearch

eResearch

May 17, 2012 10:35 ET

eResearch Issues Initiating Report on Vatic Ventures Inc.

TORONTO, ONTARIO--(Marketwire - May 17, 2012) - Vatic Ventures Inc. (TSX VENTURE:VCV) is engaged in the exploration of its La Silla and La Silla West gold-silver properties in Sinaloa, Mexico.

Vatic's recent Agreement to buy, over a four-year period, Yamana Gold's La Silla property is a real coup for little Vatic. Yamana's subsidiary has done considerable work on the property, having drilled 99 holes and identified 31 gold-bearing veins. The property's drilled-inferred resource inventory is almost 500,000 oz Au. We believe that Vatic could be sitting on a resource of at least 1.5 million oz Au.

We are initiating coverage of Vatic Ventures Inc. with a Speculative Buy rating, and a Target Price of $0.48.

This Press Release was prepared by eResearch and was not vetted by Vatic Ventures Inc. Further, the Recommendation and Target Price contained in this Press Release and in the Initiating Report are strictly those of eResearch and, due to securities laws, are not endorsed by Vatic Ventures Inc.

eResearch is a primary source for professional investment research, focused primarily on small- and mid-cap companies. Our research and analysis is of institutional quality, and has the potential for reaching millions of global investors through our extensive electronic distribution network.

For FREE access to all eResearch reports and articles, go to www.eresearch.ca.

Contact Information