TORONTO, Canada - Ubika Research has issued a research update to highlight the investment potential in Hy Lake Gold Inc. (HYL-CNSX). The update focuses on providing an insight into recent developments and key priorities for the company during 2010.
Hy Lake Gold Inc. is a junior gold exploration company with an excellent property package in the famous Red Lake gold mining camp in Northern Ontario.
Ubika Research considers Hy Lake Gold to be an exciting pure Red Lake gold play. We continue to believe that among junior gold companies, Hy Lake has one of the most promising exploration property package. It has consistently obtained good drill results and has shown strong exploration promise. Also, its close working relationship with Goldcorp Inc (GG:TSX), a Red Lake veteran, bodes well for the company.
HYLK is rated Speculative Buy by Ubika Research, with a 12-month target of C$ 0.81.
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About Hy Lake Gold Inc.
Hy Lake Gold Inc. is a junior gold exploration veteran in Northern Ontario's Red Lake mining district, whose goal is to find high potential gold properties with a high level of gold mineralization.
About Ubika Research
Ubika Research is an investment research and capital market service firm based in Toronto and Vancouver. It provides investors research and insight on under-researched micro and small cap companies. For more information visit www.ubikaresearch.com
About Smallcappower.com
SmallCapPower.com (SCP) is a leading resource for small cap investing. As an interactive website with rich investment content and dynamic functionality SCP brings investors and financial industry professionals together to discover and communicate with small cap companies.
Disclosure
Except for the historical information presented herein, matters discussed in this document contain forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements.Ubika Research, a division of Ubika Corporation, is not registered with any financial or securities regulatory authority, and does not provide nor claims to provide investment advice or recommendations to readers of this report. For making specific investment decisions, readers should seek their own advice.
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Contact Information
Vikas Ranjan
vikas@ubikacorp.com
