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Jul. 19, 2010 (Baystreet.ca) --
TORONTO, Canada - Ubika Research has issued an update report on La Quinta Resources Corp. (TSX VENTURE: LAQ) in a report, " Undervalued junior gold explorer gears up for new exploration phase” (July 19, 2010). The property of focus for LAQ is the Easter gold project in Nevada, which it acquired recently from Nevada Eagle Resources, a subsidiary of Fronteer Development Group Inc (TSX:FRG), (AMEX:FRG).
The update report highlights the investment potential in La Quinta Resources (TSX VENTURE: LAQ) and Ubika Research’s estimate of fair value. The report also provides an update on the drilling plan and notes that the company is about to embark on a focused drilling program aimed at highly prospective targets, which could result in several exploration catalysts in the near term.
Ubika Research has a speculative buy rating on La Quinta Resources Corp. with a 12-month target price of $0.23.
Download the report for free at: http://www.smallcappower.com/microsite/CompanyDetail.aspx?CompanyID=33
Visitors to www.smallcappower.com can also view the video interview with Mr. Walter Martin, President and Director of La Quinta Resources Corp (TSX VENTURE:LAQ) at: http://www.smallcappower.com/microsite/CEO_Video_Interview.aspx?CompanyID=33
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About Ubika Research
Ubika Research is an investment research and capital market services firm based in Toronto and Vancouver. It provides comprehensive research, communication and capital market exposure program to highlight the investment potential in micro and small cap companies. For more information visit www.ubikaresearch.com
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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. For full disclosure please visit: http://www.smallcappower.com/microsite/CompanyDetail.aspx?CompanyID=33
For additional information contact:
Vikas Ranjan
Managing Director, Ubika Research
Phone: 416-646-1941 ext 102
vikas@ubikacorp.com