Alaska Gold Stocks Starting to Run

Over the past month, Alaskan gold stocks have really started to turn around and make a significant move to the upside. On thing that I noticed is that they certainly fit into the fall theme of buying value as there are huge low grade deposits. Take a look at NDM and Kiska... huge deposits currently valued at fraction of a potential buyout price. Kiska hasn't gotten any love in a long time and I think that is about to change. This one is in the portfolio on stockhouse at .79... currently at $1.16 is looking to breakout once its past $1.20 to possibly $2. Before the financial crisis in 2008... Kiska was a $4 - $8 stock, but has languished as a penny as money stays on the sidelines. As the price of gold continues to grind higher over the coming years, these large low grade deposits become very attractive money makers. Once people realize that POG isn't coming done anytime soon, the long term viability of these deposits becomes increasingly favorable.

I really think Kiska is about to move in a big way. They have made some material discoveries this spring and summer that make Kiska look very attractive. At 5.75M oz's of gold.. only 76M market cap. Another cheap cheap stock. What makes Kiska a great buy is its cheap cheap cheap and they have had significant drill holes which will upgrade the resource grade at the Whistler project this year as well as making another potential massive discovery on Island Mountain 23 km's away that has a potential strike extent of 1.2km and a depth of greater than 800m. One hole drilled 386.9m grading .68 g/t gold, indicating they could potentially be on another massive deposit. They have also been successful in blind drilling porphyry's around the Whistler Zone that have similar signatures. So not only is KSK cheap for the oz's that they have in the ground, but the potential exploration upside to Kiska's Whistler project is truly limitless. With many large and intense anomalies remaining to be drilled that are similar to Whistler, KSK truly has not defined even a small portion of the extent of the mineralization on the property and may end up with something much larger than anyone expects.

I am certain the Whistler project will grow as KSK continues to be successful drilling this project. You can expect an updated resource for Whistler this fall and another 20,000 meters drilled next year to further define the 5.75M oz resource at whistler as well as test other geophysical signatures on the property that are similar to Whistler.

At $13.37 per oz insitu oz and the potential blue sky exploration that Kiska still represents having only tested a small portion of the property. It is certainly worth a shot at $1.

Here is a link to a September 2010 presentation..

http://www.kiskametals.com/i/pdf/CorporatePresentation_Sep2010.pdf

Yukon and the White Gold District Starting to wind down Summer Exploration Programs

As the fall season starts in earnest, some of the gold socks we follow are winding their exploration programs down for the season. Primarily the Yukon White Gold companies news flow will slow as another busy exploration season winds up for the winter and one must start to think about moving money into other gold stocks that will have a more active exploration season in the winter. As the season winds down, a theme that seems to be appearing for winter gold stocks is to buy value, companies that are undervalued compared to their insitu resource.

Currently though, I think there is still legs in some of the higher quality Yukon stocks such as ATC, KAM and NTR. Always keep a core position in your favorite stocks, but if you have triple your money in ATC or doubled it on Kaminak... then taking profits should be in order.

ATAC is at the end of their season and have 6 holes pending on their Osiris target as well as one hole drilled on the ISIS target. So once these results are delivered, if great will probably send the stock higher but I would expect the price to start to correct after as these companies will be pretty quiet until spring when they will aggressively drill these new discoveries where early next year you most likely will find a better entry point than at prices today. Unless of course something major and material happens over the course of the next 2 months. ATC and NTR are still both in that category as the market awaits highly anticipated results. ATC is certainly overpriced for what they currently have, but the market is forward looking to what they may have in anticipation. If ATC follows up on similar grades and intercepts, the share price will be supported, if the grades are sporadic with only a few good holes, the SP will sell-off till next year.

There is still a lot of excitement about ATC.V so now is not the time to be pushing the sell button yet, but the time will come to start thinking about other gold investments for the winter. Another company that is going to show some further excitement and upside potential is Northern Tiger as they are drilling 2 highly prospective targets on the 3 Acre property. This is very highly anticipated property that so far all indications point to a highly mineralized widespread gold deposit on the property.

ATC and Kaminak are leaders in the Yukon with thier potentially huge multimillion ounce discoveries. I am a firm believer that NTR.V is on to the next major gold discovery in the Yukon. With such a high grade vein that extends for 50m this a very exciting near surface high grade potential. The market is highly anticipating this discovery and a successful program that returns close to what samples have returned, will send NTR to the next level overnight. NTR.V also released very high grade samples of up to 80+g/t au on sleeping giant today that will further support the markets anticipation of results.

There is a reason the stock has doubled in anticipation of drilling the 3 Acre property, and is poised to go much higher on a major discovery. Just look at ATC's chart and you only have to realize the potential of NTR.

Decade Drills 2847 g/t!!! Confirms high grade continuity of Montrose Zone

Decade Resources drills 18.84 meters grading 49.2 g/t gold... including .3 meters grading 2847 g/t au. This is a great intersection because it confirms the high grade nature of the structure where they hit 24.7 meters grading 20.87 g/t gold last year. I have been preaching that Decade was good for a run since the mid .20's and that this program would be highly successful in confirming high high grade nature of the structure. Although they are limited to definition the strike length b/c of not getting permits to construct new drill pads they have extended the Montrose Zone 100m along strike and 60 meters down dip which is significant for a high grade nature of a project such as this.

A total of 28 holes have been drilled on this project to date this summer and and a further 24 holes are being assayed. The great news that I have been waiting for is that the Red-Cliff jv committee is planning follow-up drilling on the Montrose zone and the site is being readied for the winter freeze up to allow drilling for the remainder of the year.

This is excellent news because not only are we to expect assays for the reaminder of the season from 24 holes, they will be continuing to drill the remainder of the season and aggressively define the Montrose zone which is open along strike and down dip. If you don't have DEC.V yet, todays news is an excellent signal to buy as the coming year should be really exciting for this company with a drill program that is being aggressively ramped up this winter.

The stock opened up at .40 and quickly ran to .445 before coming back to the current .37 which I think is an excellent entry point anywhere under .40 with the current news. The market has something to be excited about as the drilling will continue on the Montrose Zone though the end of the year with lots of results to come.

Highlights of the 2009 and 2010 programs include...

• 18.45 meters @ 49.2 g/t au
• 13.42 meters @ 8.19 g/t au
• 7.6 meters @ 12.19 g/t au
• 55.18 meters @ 9.64 g/t au
• 39.63 meters @ 4.75 g/t au
• 28.41 meters @ 5.78 g/t au
• 28.35 meters @ 7.3 g/t au
• 48.48 meters @ 4.17 g/t au
• 32.52 meters @ 7.53 g/t au

On a total of 13 holes that have hit mineralization, the average aggregate intercept is 27.82 meters at an average grade of 8.20 g/t au for an average rating of 228.2 grammeters on the Montrose Zone. This is an exciting project for Decade Resources and at a $12M Market Cap is a great buy as they ramp up exploration and development of the Montrose Zone this winter.

Read news below...

http://www.marketwire.com/press-release/Decade-Resources-Ltd-492-Grams-Per-Tonne-Gold-Over-1845-Meters-Intersected-DDH-UMON-TSX-VENTURE-DEC-1322583.htm

Premium Exploration well underway to 1 Million ounces at Friday Petsite

Premium Exploration announced more impressive intersections that double the downward depth of the Lower Block to 300 meters and remains open at depth and along strike. Todays results, although low grade in nature are starting to reveal the true potential of Friday-Petsite as a massive low grade project similar to massive deposits in the carlin trend in Nevada that have been mined for years at half g/t grade.

They announced..

• 107.9 meters grading .8 g/t gold
• 120.5 meters grading .7 g/t au
• 222.2 meters grading .7 g/t au

I am a big believer in this project and at .50 cents this company is still a screaming buy. All holes have ended in mineralization and some of them ending in higher grade material at 2 g/t+... Premium is definitely in my top 10 gold exploration stocks to own and with the recent news have significantly extended mineralization down depth. In essence they double the size of the lower block with the latest holes.

To get a rough estimate of the size of the lower block... It extends 300 meters along strike so far and 300 meters down dip. So far with 15 holes drilled into the lower block, including the last 3 of last years program PEM has drilled 2500+ meters of mineralized intervals at an average grade of 1.21 g/t au with and average interval of 172.9 meters. Now considering intervals have been terminated in mineralization and in high grade... Backing out the high grade portions or tying to use true widths at this point is mute... especially when just trying to get a rough estimate...

Also trying to do a block model is completely inappropriate with the current information and sporadic spacing of drill holes. Considering that the existing resource overall grade is 1.13.. a 1.21 estimate is good enough for me.

If you take an average grade of 1.21 g/t and an average interval of 172.9 meters and multiply that over the whole lower block of 300 meters strike by 300 meters depth you arrive at 15.56M tonnes grading 1.21 g/t gold which equals 588,000 oz's in addition to the 549,000 oz's inferred contained directly above the new discovery. Add the old resource and the newly discovered Lower Block together and you get 1.14M oz's of gold... Add to that, the resource is open along strike and at depth and most holes terminated in higher grade mineralization, Premium is just starting to uncover the potential at Friday- Petsite.

It certainly looks like at least a million oz's to me and counting at PEM. The market may not react because of the low grade nature of the holes and didn't react to the last ones but today's news is significant and Premium will continue to climb in the long run as they continue to develop this rapidly expanding deposit.

See a map of the drill hole locations...

http://www.premiumexploration.com/wp-content/uploads/2010/09/Phase3_DrillResults.pdf

Read the recent news below..

http://www.marketwire.com/press-release/Premium-Exploration-Resource-Drilling-Expands-Friday-Petsite-Project-All-Holes-Terminated-TSX-VENTURE-PEM-1321958.htm

Mongolian Explorer Hits Bonanza Grades on First 3 Holes

Meritus Minerals fist came to my attention late last week and I mentioned it in short email blast earlier today that MER.V has some potential. This Mongolian explorer is drilling 3,000 meters on a highly prospective high grade Gutain Davaa property in Mongolia that has yielded some interesting results in the past. The first 3 holes all hit mineralization with the best being a 3 meter section grading 62.82 g/t gold within a wider interval of 28.60 meters grading 8.78 g/t and a deeper intersection of 9.80 meters grading 4.06 g/t gold. The other 2 holes hit respectable intervals of 7.30 meters grading 4.39 g/t au and 10.70 meters grading 8.05 g/t gold.

These are excellent initial drill results from the Toordogiin Shil Prospect which has seen some good results in the past including...

MER.V has added a second drill rig to the property which is always a great sign that the company believes the project has real merit and also speeds up material news flow and development of the property. You can expect a steady news flow from Meritus as 6 more holes have been submitted for assaying and they plan on drilling another 20 holes on the Gutain Davaa project over the next month.

In addition to the Toorgodiin Shil Prospect they have discovered a vein on the surface that so far extends 25 meters and four samples graded well over 100 g/t gold over that 25 meter section.

Another highly prospective target on the property known as Toordogiin Hayr 5 of 9 surface samples graded (14.7g Au/t; 334.4g Au/t; 402.2g Au/t; 417.1g Au/t and 542.2g Au/t.) This area has yet to be drilled.

Meritus Minerals has a market cap under $10M fully diluted and if they can continue to drill up these exceptionally high grades and extend the known area of mineralization as well as hit on the other undrilled targets. This could be the beginning stages of material discovery in Mongolia.

Eagle Hill winds up summer drill program at Windfall Lake with a bang!

I have followed the Windfall property since it was owned by Noront and they made the initial high grade discovery back in late 2006. Since then Noront made a much bigger discovery VMS discovery for base metals at McFaulds Lake that sent NOT to dizzying heights of $7 and massive exploration rush to the area that became known as the ring of fire. NOT chose to concentrate on McFaulds Lake and optioned the prospective high grade Abitibi property Windfall Lake off to EAG.V.

I am not here to talk about NOT.V, although at current prices, it is a great buy for a run this winter and spring. What is in the news today is Eagle Hill and the returning of Windfall Lake to the spotlight with a very highly successful summer drill campaign.

EAG.V has been drilling this project and has been expanding it with interesting results. Today they hit the highest grades yet on a newly discovered near surface zone that will create some excitement for this project again as these widths are some of the best to date on this complex gold project. A lot of money has been spent at Windfall and today the news is very exciting.

One hole returned 12 meters grading 17.36 g/t au and 2.07 g/t over 15.80 meters ... a total of 241 gram meters
They also hit 14.63 over 5.05 meters and 3.35 g/t au over 24.60 meters... a total of 156 gram meters.

These are by far the best intersections of what had already been a very good summer drill program. In total they drilled 14 holes and if you aggregate all the intercepts of the 14 holes you get an average gram meter rating of 80. These are definitely economical grades and widths and certain to generate new interest for the project as a spectacular intercept they hit in the spring they failed to follow up on anything significant. With this summer program though they have hit consistent grades and intercepts for the first time. As well as the fact that this new extension of zone 27 is near surface. EAG.V has indicated that there is very good potential that this recent discovery can be extended another 200 meter by 200 meter area that if returns similar grades will add a significant amount of ounces to the Windfall Lake project. Not to say that EAG.V is going to be a mine tomorrow, but these results will create a bit of a stir.

There is still a lot of work to be done at Windfall Lake, but gold is widespread on the property in increasingly economical amounts. If they continue to expand the current newly discovered zone. EAG will start adding the ounces quickly. At .25 this is cheap and should run.

Read the news below...

http://www.marketwire.com/press-release/Eagle-Hill-Continues-Extend-Zone-27-Intersects-120-Meters-1736-g-t-Uncut-New-Mineralized-TSX-VENTURE-EAG-1321730.htm

Happy Trading

Hot Gold Discovery

Pelangio Exploration PX.V, came up with a second set of great results from a property that they recently optioned in early August. What is exciting about this set of results is that they were 5km from the 1st set of results making this property much more prospective for multiple godl zone discoveries. They first initially announced 1.5 g/t gold over 61 meters in the first target they drilled as well as 40 meters of mineralization grading 0.91 g/t gold. They then proceeded to start drilling on a different target on the property and hit 8.6 g/t gold over 12 meters and 8.0 g/t gold over 12 meters.

This is a great set of results on the second target drilled to date. They have 2 stepout holes with assays pending from the 2nd target as well as drilling on even more prospective targets which makes this quite an exciting new exploration project in Ghana. What is great about PX's new Manfo project in Ghana is that they haven't even drilled the most prospective parts of the property.

Just like the Yukon White Gold District where the properties are covered in extensive overburden, so is much of PX's Manfo property in Ghana. Gold in soil anomalies have been very effective in exploring properties with such conditions and Pelangio has not even tested the largest and most highly concentrated anomalies. Where they tested and hit the high grade section. is in a much smaller anomaly just to the west of a large and intense 1km x 5oom gold in soil anomaly where they are currently drilling 5 holes totaling 881 meters.

They are also drilling another larger and more intense gold in soil anomaly just east of the original discovery September 9th of 1.5 g/t over 61 meters. There is a lot of good things happening at this new Manfo project for Pelangio in Ghana and are situated in between Newmont's mine Ahafo to the north and Red Backs mine Chirano, 50km to the south. With results like this from initial drilling with PX's market cap still being under $1ooM and the best of the prospects yet to be drilled? PX could be a huge winner with the trend for OX jsut starting. At .76 the PX will be breaking out to all time highs and at that point with the excitement of a new major discovery... the sky is the limit. It is not to say that PX is on to something big yet as they need to follow up these results with more great results, but Pelangio Exploration entered the radar screen in a big way last week and is worth a shot in anyone's spec portfolio.

Click the link below to take a look at the Manfo Property and the extensive gold in soil anomalies and drill hole location.

http://media3.marketwire.com/docs/px916fig2.pdf

WPX.V Western Potash Breaks Out!

Since BHP announced their takeover of POT I quickly put together a portfolio of stocks of my favorite Agriculture stocks and since then one stock has taken off for an 80% gain in 1 month. Western Potash WPX has broken out from .43 low in august to almost double and at .80 is challenging 2 years highs . .80 is a very important long term resistance on the WPX.V chart and if it breaks .80 and can sustain it, could start to move towards 2008 all time highs of $2.20+.

WPX.V has spiked a lot lately and could come back down at its first crack of this resistance but with the current momentum it could also break it easily. It has already cracked year highs of .74 and with a .77 close is indicating it wants to move towards a buck next week. The 2 year high is just above .80 so once it cracks this area there will be a lot of follow through momentum with WPX.

WPX is a cheap potash penny pick that I am are very high on and is breaking out to close at year highs this weekend. It's going to end up on a lot of people's lists.

KCI has 3/4 of a billion tons of KCI measured, indicated, and inferred at their milestone project in Saskatchewan. Very cheap stock and has a long ways to go.

Click the link below to view my Agriculture portfolio.

http://westerninvestor.blogspot.com/p/ag-stocks.html

Klondike Silver Announces Major Discovery Potential in White Gold District

Klondike Silver KS.V announces multiple discoveries on a property that they are exploring as jv with ATAC Resources in the Yukon.

In the Camp Area (which is most prospective) they discovered 3 veins within a huge 600m x 1100m multi element in soil anomaly with best samples grading 3 g/t silver and 1660 g/t silver on one vein. Another high grade vein they have traced for 80 meters which is a significant distance before it disappears under overburden. The best samples from this vein graded 1.08 g/t gold and 783 g/t silver. Another vein that lies within this large multi element anomaly returned 4.13 g/t gold and 406 g/t silver. This area is highly prospective and mineralized over a large area.

In addition there are 2 other highly prospective area's on the property prospective for the same type of mineralization...

The Cross Fault Area which returned... 1.2 g/t gold and 528 g/t silver, 5.77 g/t gold and 70.7 g/t silver , and 2.52 g/t gold and 343 g/t all over a large area.

The Ridge Junction Area vein returned 0.915 g/t gold and 182 g/t silver from vein material in the trench and mineralized pebbles 50m to the southwest of the trench returned 1.825 g/t gold and 111 g/t silver.

At .065 and a 12M market cap, KS.V is the right price, has the right joint venture and is exploring in the right area in the Yukon. The story at KS is just developing and as more investors buy silver because of its relative cheapness when compared to gold, they will start looking for high quality silver deposits that may be mines one day and Klondike Silver gives you a great chance at discovery in the Yukon.

In soil anomalies have been a very successful way of exploring in the Yukon with so much overburden and tend to be very indicative of the potential size of the project. Also finding multiple veins over significant distances in clusters all over the property makes this a very exciting project. With such a very prospective silver-gold project the market is just awakening up to KS's potential.

Read the News Below...

Klondike Silver Corp. Discovers Multiple Gold Zones on ATAC Resources Joint Venture

New Pick! Mineral Mountain Resources MMV.V

I came across this company and really think it could be a big winner. One good rule in investing is to follow management that has a track record and one such person that has a had a great track record of late is Nelson Baker. The former President and CEO of the highly successful Rainy River Resources (which I have followed since I started The Western Investor on Stockhouse 4 years ago) is at it again. You knew Nelson wasn't going to be idle for long and the guy that took Rainy River from a .50 cent small cap exploration company in late 2005 and turned it into the 600M+ market cap company it is today is going to try and do it again. This time in the Kootenay's in BC.

Nelson retires from RR at the end of June, takes a month off, I presume to pat himself on the back and then promptly accepts a position at Mountain Mineral Resources as President and CEO. Now there is not too much information on the property available to go on accept for a fact sheet and a 25 page PDF on the company website, but if Nelson Baker thinks this project has merit and is worthy of being a flagship property then I am willing to follow Nelson into the Kootenay's. He was the man responsible for bringing the Rainy River project to Rainy River Resources, which so far is at least a 5M oz discovery, so this guy has an eye for finding the gems.

If Nelson is basically jumping ship from Rainy River for Mountain Mineral Resources... they have to have something extremely prospective. I am willing to bet that Nelson will again turn nothing into something again. The land position is very prospective for precious metals and has received very little modern exploration. Only 8 shallow holes have been drilled on the property that has over 200 mineral occurrences. Past mining a century ago on the property averaged ore worth $3400 in today's prices, so there is certainly a lot to be excited about. The property has yielded silver grades as high as 1200 g/t in viens from 1 to 1o meters wide and gold grades as high as 12 g/t in rock samples.

Watch MMV.V very closely as this one is certainly worth nibble on the track record of Nelson Baker alone.

View presentation and fact sheet below.

http://www.mineralmountainresources.com/i/pdf/FactSheet.pdf

http://www.mineralmountainresources.com/i/pdf/Presentation.pdf

Decade Extends Montrose Bonanza Zone 100m

Decade Resources released results from the first hole of drilling on the high grade Montrose Zone today. Results in my opinion that warrant yesterday's spike. They have drilled a total of 28 holes on the project south and below the the discovery in 2009 and the first hole which is 100m south and 60 m deeper of the holes drilled in 2009 returned 12.19 gt/ au over 7.60 meters. This is excellent news as it confirms the continuity of the deposit south along strike and down dip. Adding an additional 100m to the deposit is very good news indeed and bodes well for the rest of the results of the drill campaign.

They also released results of drilling at the Red Cliff zone after following up an interesting intersection, but results did not warrant further drilling as intervals bearing gold were not large enough with some not even averaging a meter. The Red Cliff Zone has only yielded average results at best and the excitement about the project on the Red Cliff Property lies with the high grade Montrose zone. If Decade can continue to extend the high grade zone south and down dip, Decade has a chance to materially add ounces to the project on the Red Cliff Property.

With lots of results pending on 2 exciting drilling projects, Decade represents good value under .30. Today's trading is an excellent opportunity to get cheap shares.

Read News Here

Happy Trading :)

Decade Resources Breaks Out!

Decade Resources is a company that I am very high on and have talked about it as a great buy after its run to .60 cents earlier. It has lagged because of a slow news flow in August and high interest in other major discoveries this summer, but from today's trading and and breakout of its consolidation on 1M + volume it looks like this stock is ready to take a good run at least back to its late spring highs of .60.

Currently Decade is drilling 2 prospective properties, one being the Copper-Gold Porphyry discovery at the Wedeene property in Kitimat earlier this spring as well as drilling of the Bonanza grade Montrose zone on the Red Cliff property that they made last year.

Both properties are exciting discoveries and make DEC.V a very good buy in the low .30's for another good run as results of this summers drill programs at both properties come in. I reset Decade in the my public portfolio last week at .26 expecting positive results to come in and remind the market that DEC.V has excellent potential. I saw this one building steam earlier today and was going to alert at .28 but ended up playing Call of Duty with my son. :)

Happy Trading :)

Read recent posts on Decade Resources...

http://westernrookie.blogspot.com/2010/07/decade-resources-primed-to-uncover.html

http://westernrookie.blogspot.com/2010/06/decade-resources.html

Read recent past news releases here...

http://www.marketwire.com/press-release/Decade-Resources-Ltd-Drilling-Resumed-On-Wedeene-Copper-Gold-Discovery-Kitimat-British-TSX-VENTURE-DEC-1296863.htm

http://www.marketwire.com/press-release/Decade-Resources-Ltd-Drill-Mobilized-to-Test-Bonanza-Gold-Bearing-Montrose-Zone-TSX-VENTURE-DEC-1291434.htm

Northern Tiger Announces Drilling of 3Acre Property!!!

NTR announced today that they will be drilling their super high grade vein discovery on their 3 Acre property in the Yukon. The initial drill program will consist of 6 holes and about 1,000m to test the bonanza grade samples that return as high as 29.56 oz/t over 1.1m.

I posted about NTR last week stating that disappointing results at Sonora Gulch would be a buying opportunity for Northern Tiger because irrespective of what happens at Sonora Gulch, the potential company maker is the 3Acre property. With identifying such a high grade vein, and 2 other gold bearing zones on the property, it initially looks like they could all be related and be a part of a larger and intense gold bearing system.

3Acre property looks very promising with 3 separate gold bearing zones being identified indicating in the company's own words... "that there is an extensive gold bearing quartz vein-shear zone system on the property".

15 samples from the high grade vein identified are below. Obviously with such high grade samples one has to consider the nugget effect and the whole vein cannot be representative of these samples, but one may expect or hope for at least 1 oz per ton for the vein once drill results come back.

Read full news release below...

Northern Tiger Resources Announces 3Ace Drill Program to Test Bonanza Grade Gold Showings

MAIN ZONE – Discovery Vein
Sample	Chip Length (m)		Gold Assay (grams/ton)		Gold Assay (ounces/ton)
RI480013	1.10		1,013.54		29.56
RI480007	0.45		846.39		24.69
RI481520	1.00		181.06		5.28
RI480015	1.20		179.21		5.23
RI480011	0.90		156.58		4.57
RI481518	1.10		99.11		2.89
RI480014	1.00		91.69		2.67
RI480009	0.65		86.03		2.51
RI481521	0.45		39.53		1.15
RI480004	0.90		30.20		0.88
RI480131	0.60		26.18		0.76
RI481523	0.30		22.97		0.67
RI481522	0.50		22.02		0.64
RI481519	1.50		9.59		0.28
RI481517	1.30		0.36		0.01

Premium Is Breaking Out!

I have been very high on PEM since they announced their Lower Block Discovery which gives Fridy-Petsite a good chance at being a million + oz deposit. We initially posted about them on the news but said the price would gap and trend lower to .40 where it would be a great place to load up as current drilling evaluates the potential of the discovery. Since then it has been range bound between .50 and .40 but over the last week has broken out and closed above the .50 mark for the second day in a row signalling that PEM is breaking out.

PEM has been a highly promoted stock in the past and is closely watched by several analysts that are just waiting for some good follow up results to write a good report about PEM.V. With the SP breaking past the discovery news highs with volume supporting it, Premium is looking like a great buy for the investor and momo trader.

Volume and price rise could be a signal that positive news is on the horizon. PEM.V is cheap compared to some other gold stocks that we follow and may be next on the plate for a big jump in market valuation. It's on our list at .38 and at only 55 its due for a good run.

Happy Trading

KXL.V Makes Major Discovery 2km from PG Deposit!!!

Kodiak Exploration is another long followed stock that has been highly promoted in the past only for investors to lose interest as a major discovery has eluded Kodiak. The stock has soared to highs of in excess of $4 in 2008 as excitement and heavy promotion of the Hercules project pushed KXL to highs that only the best of results would have supported. Gold was there at Hercules but not enough from the drilling campaign to suggest anything in excess of a million oz's that could support the lofty SP.

KXL has been punished ever since for disappointing and even after almost doubling in price in the last 3 days of trading is well off its year high of .84. So after releasing impressive results from an initial 4 hole exploratory program on a property that borders PG's recent discovery on the Hardrock Project, the market has been taken a bit by surprise and there is good value for a run.

KXL released results of a high grade zone of 8.1 meters grading 27.75 g/t gold within a wider section of 24.9 meters grading 9.31 g/t au. From the map below and the drilling data it is interpreted that mineralization is open along strike to the west and down dip. At .34 today, KXL.V represents good value for the amount of projects in the pipeline and with this new discovery near PG's Hardrock project will definitely generate market interest. This hole is a complete surprise and has caught KXL at year lows so if they can follow up and show that this little high grade vein extends to the west and down dip for some distance, you could see KXL.V up near its year highs before you know it.

There is also some other very prospective targets in the area including the Shields property with the most significant structure extending for more than 500 meters with samples grading as high as 292 g/t gold.

Read the news below...

Kodiak Drills 24.9 Metres Grading 9.31 gpt Gold at West Geraldton

AS YOU CAN SEE... NO DRILLING TO THE WEST OF DISCOVERY HOLE... IT IS WIDE OPEN... READY TO GO AND A COUPLE GOOD HOLES A FEW HUNDRED METERS TO THE WEST WILL SEND THIS STOCK SOARING!