PEZ: Assessing Production at La Colorada

CHRIS THOMPSON, Haywood Securities (04/29/2010)
"Pediment Gold is a Mexico-focused gold exploration company, with its two key assets being the 100%-owned San Antonio and 100%-owned La Colorada projects.

The company's La Colorada project was the primary focus of exploration and drilling last year. . .notable results from the program include 24.39 m grading 1.83 g/t gold from the Veta Madre Zone, and 4.57 m grading 36.33 g/t gold and 83.97 g/t silver targeting the La Verde Zone. . .

At the San Antonio project, Pediment released an updated resource estimate outlining a global Measured and Indicated resource of 1.53 million oz Au (47.3 million tons grading 1.01 g/t Au) and an Inferred resource of 111,000 oz Au (5.4 million tons grading 0.637 g/t Au).

. . .Look for results from a slated 30,000 m drill program at San Antonio (targeting three zones and infill drilling around the existing deposit), with IP geophysics followed by a PEA intended for Q3/10. The company plans a $2 million to $3 million program at La Colorada, with the details to follow. With a Mexican focus, a large treasury and aggressive drill programs on San Antonio and La Colorada, Pediment is well placed for growth through resource expansion and corporate development."

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