Saturday, July 31, 2010

Top 3 Gold Stocks

Creso Exploration(CXT.V)
SP.............. $0.70
Added @....$0.31
Gain............$0.39 +125.80%

They are drilling the Minto project which is estimated to contain 205,000 tons @ 0.2 oz/t up to 200 meter depth. Last year drilled 2 holes totaling 560 meters with the 2nd hole returning 65.7 meters grading 18.2 g/t gold and 79.6 meters grading 4.6 g/t gold. 2010's 5,000m drill program started with the deepening of the first 2 holes and recently announced wide zones of mineralization including 4 separate sections of VISIBLE GOLD. What is most exciting about this discovery is that the mineralization appears below the known resource level, meaning that it is an entirely new gold zone.


Premium Exploration(PEM.V)
SP.............. $0.49
Added @....$0.38
Gain............$0.11 +28.95%

Premium Exploration announced results from the first 3 drill holes of 2010 program that was initially designed to follow up last years late season discovery of the 'Lower Block'. Results included 1.84 g/t gold over 274.9 meters and 2.23 g/t gold over 157.9 meters. Premium has significantly increased the strike length of the 'Lower Block' which has the potential to be much more significant than the 500,000 oz upper block. With 10,000 meters of drilling to come this summer it is PEM's time to shine in the spotlight. A successful summer drill program will almost certainly bring about a buyout for Premium Exploration.

Fire River Gold(FAU.V)
SP.............. $0.65
Added @....$0.37
Gain............$0.28 +75.68%

Fire River Gold's Fort Nixon project is truly one of the last high grade deposits in the world. At over an ounce a ton, and $100M of infrastructure, the Fort Nixon mine is a turn key operation waiting for the i's to be dotted and t's to be crossed. Once a resource is delineated and the mine is cleaned up, it is ready to be fast-tracked into production. FAU released some amazing results from a drill program of a previous operator that caused a real stir in the market that doubled FAU's share price. So much so that the PP they offered was oversubscribed... double!!! They increased the PP from 5.5M shares to 11M and bumped the drill program up from 12,000 meters to an aggressive 28,000 meter drill program to delineate a high grade multi-million ounce mine. Results from Fort Nixon include...
  • 67 g/t au over 6.3 meters
  • 498 g/t au over 3.0 meters
  • 27 g/t au over 24 meters

Friday, July 30, 2010

Premium Exploration... A Must Have Gold Stock

It seems fitting as a tribute to the sudden passing of Premium Exploration's CEO Wilf Struck in a motorcycle accident that the news a week ago announcing stellar results from the first 3 holes of 2010 as a company maker and confirmation of a discovery of what could be a multi-million oz gold deposit and new zone called teh 'Lower Block'. There was no bigger believer in Friday-Petsite than Wilf Struck and after a somewhat disappointing 2009 campaign there were some doubters in this highly touted Gold property in Idaho, but not now as Wilf and his claims about Friday-Petsite are vindicated.

It is just too bad he won't be around to enjoy the success that will come as PEM implements a 10,000 meter drill program to delineate new high grade zone which has the potential to more than triple the known resource of 531k oz of gold.

So far this campaign has increased the the strike length of the newly discovered lower block from 100m to 300m. The total strike length of the upper block is 350m.

Now when you compare intervals of last years results of the Upper Block of...

1.20 g/t gold over 76.05 meters, including 3.76 g/t gold over 10.52 meters as well as 1.13 g/t gold over 42.67 meters, including 7.73 g/t gold over 4.57 meters.

compared with results of 5.74 g/t over 76 meters and 2.23 g/t over 158 meters that is a rating of 140 vs. 352 and 436... Now so far both blocks are approximately the same strike length so with values like that it is easy to see how a 531k oz gold deposit becomes a 2M oz gold deposit over night. This deposit is still open along strike and down dip and with 10,000 meters of drill core to come I am expecting some more exciting results from Premium Exploration and a steady increase in share price with continued success, almost certainly a takeout as there are not too many made in 'America' deposits around. They are few and far between, certainly outside of Nevada, and even in Nevada the miners are refining the lower grade material.

Premium Exploration is a must have stock.

The Next LSG?

Creso Exploration, continues to be in short demand as the share price has moved up another .10 today in the first hour to a peak of .79. If the trading yesterday and today is any indication of what is to come, CXT shares looks to be on the move in a big way and looks like CXT will be the next penny stock to shoot to gold mining stardom in the Timmins area.

I am excited about Creso because they have discovered an entirely new gold zone underneath the exciting discovery they already made this year.

When the began trading at the beginning of June they announced they discovered 65.7 meters grading 18.2 g/t au and 79.6 meters grading 4.61 g/t au. IN ONE HOLE!!!

65.7 meters grading 18.2 g/t au is the best intersection any gold explorer has pulled from the ground this year!!! You add the 2 intersections together from surface to 212 meters and you have a massive intersection with a value of over 1500 points on the rating scale.

With this high grade discovery being near surface it is a no brainer, and now they have hit an entirely NEW ZONE about 100m wide underneath it all which should assay at least 3 -5 g/t and not only that but in 4 separate sections they encountered VISIBLE GOLD. Creso is sitting on a huge deposit in Minto that is just waiting to be drilled out.

CXT has already paid out big with a 141% return since adding it the portfolio.

Good Luck!