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or Name
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True Gold Mining Inc
Symbol TGM
Shares Issued 397,570,228
Close 2014-07-22 C$ 0.45
Market Cap C$ 178,906,603
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Lundin refreshes buy of True Gold Mining

2014-07-23 17:52 ET - In the News

Brien Lundin, in the July, 2014, edition of the Gold Newsletter, refreshes his buy of True Gold Mining Inc., recently 46 cents. Mr. Lundin said buy eight times between April, 2010, and March, 2014, at prices ranging from 35 cents to 97 cents. Assuming a $1,000 investment for each of the eight buys, the $8,000 position is now worth $7,470. True Gold has released assay results from the Nami target of its main Karma gold project in Burkina Faso. Highlights from the step-out drilling include six metres of 29.5 grams per tonne gold and 12 metres of 0.99 gram per tonne gold. The program has also extended the 150-metre-wide mineralized area by 250 metres to the north. Mr. Lundin says Nami's mineralization looks similar to those found at the North Kao deposit, where 2013 drilling returned minable material. To date, True Gold has completed 2,812 metres of drilling in 20 holes at Nami, and will continue to drill the northward extension along strike. The company's exploration success is a reminder that Karma's potential remains uncapped, says the editor. He calls this company well managed and a key component of his portfolio. True Gold is still a buy.

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