Northern Tiger SP Explodes almost 50% today...

Something seems to be up with NTR. We have previously alerted readers about NTR, their huge high grade vein discovery and the prospective drilling they are doing on their properties in the White Gold district in the Yukon. A drilling update is due anytime now from Northern Tiger on one of their very prospective targets and from the trading today rocketing from .30 to and intraday high of .44... Things look good with NTR. The market never lies. The odd thing about mining penny stocks... is that retail is always the last to know.

We previously mentioned that .40 was a psychological wall for most pennies and would be a good place to sell if it doesn't hold which held true as it sold off to .30. When a stock retests that resistance and breaks it on high volume, it is a very good buy signal that this time it will have a better chance of maintaining the .40 level and beyond. I am expecting great things from NTR as well as other explorers in the area like Kaminak that we alerted readers to at $1.90 2 weeks ago which is now trading at $2.60.

The White Gold District is a great place to put your summer gold money as this is the time that results from a busy exploration season in the Yukon start coming in.

Northern Tiger is my smaller pick for White Gold District with huge Blue Sky Discovery potential with Kaminak being a much more advanced but very large prospective explorer in the district. From the way NTR is trading today and if the volume follows through the rest of the week the market is expecting some good news from NTR.

Ecometals doubles in a day!!!

EC has forever been a dog since they announced disappointing results from their high priority target Rio Zarza earlier this year. So today was a great day for investors as the stock looks to have reversed its fortunes announcing the receipt of permits for its Brazil Manganese Operations and further updating Rio Zarza drilling. EC closed at .27 cents today up .13 from its low of .14 almost doubling its SP since announcing the news. EC has a long way to go from its high of $1.34 seen earlier this year but seeing its largest volume and biggest SP swing in a day since it gapped down on initial uneconomical results on Rio Zarza, it certainly looks like EC has made a bottom and turned the corner no matter what the outcome of drilling at Rio Zarza.

The stock is up on the Manganese news because they announced they received permits that will allow them to...

• Installation Permit (Licença de Instalação) that allows the installation of the beneficiation plant (crushing/screening);

• Operation Permit (Licença de Operação) that allows the excavation, beneficiation, loading, transport and commercialization of 600,000 tonnes of manganese mineralized material from stockpiles;

• Operation Permit issued to Ecometals Ferro do Amapa, that allows the Company to carry out advanced exploration covering the iron properties, including trenching and drilling.

In addition to this they will be shipping 270,000t of Manganese per year which will yield a gross revenue of $4.2M at the current rate, which they received the last shipment which was .32M for 20,600t of material. Ecometals has close to 3.3Mt of stockpiled manganese material which would yield potential gross revenue of $50M without the building of a benefication plant (which will enhance the potential grade of the stockpiled material to be shipped therefore bringing in more money).

So news that they have received permits for their Brazil operations is indeed good. They also provided an update on Rio Zarza for hole 7 and results for hole 6 that are further encouraging. They may or may not be on the track of FDN 2 but it seems like they are getting close. Results from hole 6 weren't going to be great because they missed the zone but hole 7 they announced they are within the hydrothermal alteration halo again and hit 100 meters of Mishuali rocks at the bottom of the hole.

Rio Zarza looks like it may yield up something yet as the facts remain that FDN IS FAULTED TO THE WEST and EC has hit rocks that are identical to FDN in every way but economical amounts of gold and in my opinion may be the edge of west side to northwest side of the alteration halo of the overall deposit. The fact does not change that FDN is faulted and completely cut off to the West so they know that it is out there and could be very close. The Aurelian geologist's thought that the potential for FDN2 was a bit further south than where EC is currently drilling and further east, but chances are significant that there is a further discovery related to Fruta del Norte with the potential of a further 6 -9M oz's associated with Kinross's FDN lying close by.

I am a believer in Rio Zarza and have never called it dead, although the SP has suffered after the initial disappointing results where the highly charged IP initially drilled turned out to be just magnetite. I reset EC in the portfolio at .15 for another run as I believe it has bottomed. The market gives absolutely no value to Rio Zarza at the moment so when they do hit, and I believe they will, EC will be off to the races and most certainly challenge 2010 highs.

Click here for Brazil manganese news

Click here for latest Rio Zarza results

Happy Trading

GCU Makes Significant Discovery in Red Lake

Gold Canyon Resources (GCU), released excellent results today that are certain to propel this micro cap Red Lake Gold District explorer to new heights this year as they kicked off their 2010 drill campaign to move the Springpole deposit towards prefeasibility and a new resource evaluation.

I first put GCU on the watchlist at .25 when they first announced results for the Springpole winter drilling program of 64 meters grading 3.3 g/t of gold. It spiked initially off the great result, then faded as GCU announced they didn't get to drill as much as they would have liked, drilling only 6 holes in the winter and needed to wait for the summer program to continue to drill and evaluate the resource. GCU has been languishing in the .20 range for the last 4 months since waiting for this project to get going in earnest. Well today the fortunes of GCU seem to be turning around announcing results from the first holes of the summer program at Springpole which are certain to get the mining community's attention.

Hole #007 returned...

• 217 meters grading 1.57 g/t gold
• a total of 340 gram meters rating!!!

Hole #008 returned...

• 123 meters grading 1.45 g/t gold and 59 meters grading .98 g/t gold
• a total of 236 gram meter rating

By far the best holes of the project...!!! with hole best #002 of the winter program returning a 211 rating.

Both holes demonstrated large widths and economical grades of gold which were drilled 550 meters apart. Mineralization is similar within the 2 holes and if these grades and widths can be demonstarted throughout the gold zone GCU, will add significant ounces to the resource.

With the deposit being open along strike to the south at 600 meters and at depth, with depths ranging from 220 meters deep in the north to 320 meters in the south and widths ranging from 45 meters to 150m, and with these 2 holes demonstrating large widths at both ends of the project meaning average width is closer to 150 meters than 45 the potential of Springpole starts to become exciting with a 15Mt to 30Mt project at grades between 1 to 3 g/t and growing being open along strike and at depth!

If you don't have a Red Lake Explorer, GCU might be the stock to own, especially with an aggressive ongoing drill program designed to added reserves as they push Springpole towards a new resource evaluation and prefeasibility in 2011. Springpole could easily be in excess of 1 Million ounces.

Read today's news here...

Kaminak's Coffee Property Looks Like a Winner

The White Gold District in the Yukon has received a lot of attention over the last couple of years with Underworld discovery and subsequent buyout by Kinross. Since then there has been a mad staking and exploration rush that started last year and as some of the results of this little explored area in the Yukon are starting to become known, it seems like anywhere explorers are putting drills in to the ground in White Gold... They are coming up with large intervals of economical amounts of gold.

One of my favorites to be another winner and so far looks like it has the potential to surpass Underworld is Kaminak. Today they released results of a third discovery on their Coffee property which is laden with high priority targets. This latest result of 6.3 g/t au over 35 meters is nothing short of spectacular and add to that their 2 other discoveries at Supremo and Latte Zones.

What is significant is that these zones could all be related with the Double Double Discovery being 1km south of the Supremo zone and 1 km east of the of the Latte Zone. Kaminak released news yesterday that identifies a huge gold in soil anomaly zone covering 15km by 5km.

Kaminak has one of the highest potential properties for another mulitmillion ounce discovery and so far it looks like very good with the discovery of 3 zones this exploration season as well as several trends and large gold in soil anomaly area.

Things are looking great for Kaminak and is my pick for being the next big discovery in White Gold, Yukon.

Northern Tiger is another great company that I am banking on making a discovery in the area as well, but is more blue sky than Kaminak and less advanced. If you are looking for a project that has a lot of the risk taken out of it with the work done this summer, its Kaminak.

Click here to see all recent news from this company

PEM News Indicates Multi-Million Ounce Potential at Friday-Petsite!

Premium exploration released more positive results today that will most definitely move this one above .50 for good over the coming weeks. They hit 1.5 g/t over 150 meters but more importantly with this hole they have better defined the width of the lower block of this deposit and so far it is at least 100m wide by 300 meters deep by 300 along strike indicating that depending on the grade there is a minimum 400k to 600k additional ounces of gold bringing this deposit to at least 1 to 1.2 Million ounces of gold at a grade between 1.5 and 2 g/t at Friday Petsite when adding the Upper and Lower Blocks together.

What I think is significant is that the deposit is still open at depth and along strike and depending how far it goes to depth and along strike it could significantly add to the resource. Another 200 meters along strike at 2 g/t would bring the Lower Block resource very close to 1M ounces. You can see how quickly the ounces can add up. I believe that they are currently underselling the width of the deposit and if the width is closer to 150 meters than 100 meters then there is already 850,000 ounces in the Lower Block. Add up the 550k+ ounces in the Upper Block and you already have a 1.4M ounce deposit without increasing the strike length or depth.

Premium is on to something big at Friday-Petsite and with 2 drills working, one stepping out along strike and the other defining the deposit for a resource calculation, Friday Petsite could become a 3M to 5M ounce deposit over night with a couple more monster stepout holes.

Premium is a great buy under .50 and investors will be mightily rewarded fro their patience.

Read news here

Happy Trading

Creso HITS $1!!!!

CXT.V continues its meteoric rise and hit a buck today on record volume. I have mentioned this stock as one of my top picks and that the news of finding a new wide gold zone below the known resource area as very significant.

I have been saying for the last 2 weeks that because the mineralization is known to be associated with pyrite and pyrite mineralization is associated with 3 to 5% of the rock. You can easily infer that you will get at least 3 -5 grams /ton over the mineralized interval. With 4 separate sections of visible gold, I expect the assays from these holes to be nothing short of spectacular and from the meteoric rise in SP from a low of .28 to an intraday high of $1 today, the market is obviously expecting great things as well.

Well today Creso delivered on that announcing 82.3 meters grading 13.3 g/t au in hole #1... This result is OFF THE HOOK!!!! Rating 1094 gram meters which indicates this is an even better gold zone than the one above. Creso has not disappointed and the news today reconfirms that CXT.V is a HUGE BUY!!!

I have been alerting people to Creso since day one of trading in early June and set this one in the portfolio at .31. Creso exploration is in the right place in the heart of the Abitibi Greenstone Belt near the renowned mining districts of Timmins and Sudbury. Is Creso Explroation the next Gold Stock in this region to to hit it big?

Over the past LSG, WTM, and SAS have shot to gold stock stardom and looks like the word is getting out on Creso... Especially with the news today.

Click here to read news

Browse past posts on Creso...

Aug. 6th

July 29th

July 22nd

July 21st

June 10th

TOP STOCKS!!! CXT Continues to SHINE... Right to a $1

With the way CXT is trading, waiting for assays, the mining community seems to be very excited about this discovery. It has gone from .31 cents in the portfolio to an intraday high of .86 today in 3 weeks!!! Which is almost a triple on the original investment.

CXT is my top stock and cannot stress more... that the results are going to be off the hook! They are in the right area right next to a mine exploring with the same successful theories that made LSG, WTM, and SAS drilling deeper next to an old mine. Having announced wide intercepts with 4 separate sections of VISIBLE GOLD within a 3 -5% disseminated pyrite mineralization you can expect 3 - 5 grams a ton of gold plus the high grade gold sections.

With announcing one of the monster holes of the year, CXT is a highly anticipated story unfolding in Timmins and is attracting a lot of attention after gaining 3 times its value in 3 weeks. I doubt there is a leak, but from last news release it is easy to see that they have discovered a very large, and high grade zone of gold... no one buys up a stock to triple its value in less than a month without material information. The results will not disappoint.

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.


Read previous commentary on CXT...

CXT Exlpodes to All-Time Highs

CXT jumps 31% in last half hour

Northern Tiger Continues to Break Out to All Time HIGHS

I mention NTR's late trading surge yesterday and again today it continues its momentum to an intraday high of .425 before trading back to its current .39. I mentioned yesterday that if it didn't break .40 that this would be a good spot to sell... the way its trading today, in almost all certainty its gonna close plus .40 in a late day surge. .40 seems to be a significant wall for all Canadian Penny stocks. Almost a psychological wall for investors. I mentioned that until NTR starts drilling the 3Acre discovery that the momentum will eventually die, but I think there is good reason to hold on to NTR and that upcoming developments will drive this $25 M market cap explorer much higher.

Here is why this stock is a must own in the White Gold District in the Yukon. Not only did they announce the discovery of an extremely high grade discovery at 3Acre. Northern Tiger is drilling a large porphyry gold-copper target on their Sonora Gulch property that in 2008 yielded results of 26.6 meters grading 5 g/t gold, 11.9 g/t silver and 0.23% copper. On July 15th they announced that drilling was underway on this high priority target and that 2 holes had already been completed in the 3,000 meter drill program. They did an IP survey that indicated several high priority chargeability anomalies over a 2 by 1 km area that were separate, but spatially related. This could indicate a very large porphyry target and if NTR can get duplicate previous results in the nine priority holes they have planned this summer then Northern Tiger will be the next Yukon explorer to hit to hit the discovery news.

That news was released 3 weeks ago so assays from the lab could be back as early as next week. With such a large and intensely charged prospective target being drilled that has already delivered great results. NTR is almost certainly to build upon the momentum that has broken this stock out to all time highs the last week. It seems like every explorer in the White Gold district is making a discovery at the moment, and NTR has very good odds at being the next.

Below is a map of NTR's properties in relation to several significant discoveries in the White Gold District, Yukon.

NTR Explodes to Record Highs Bonanza Gold Samples!!!

Last week I mentioned that NTR made an unheard of discovery from the sampling of a rock outcropping that returned an average of 50 oz/t over 9 samples, with one sample return 140 oz/t gold! You can almost make a joke that just from the sampling program alone... these guys are rich! LOL

Anyway, I mentioned that NTR would be a great momo play... and so far hitting a high of .37 today from .26 when I mentioned it after the close it has certainly paid off. That is 42% gain in a week...!!! I think there is still more momentum left in this play. If it can't break .40 with authority then that may be a place to get off and rest for awhile.

What I find significant after re - evaluation and makes me want to stay in this play even though the nature of it just being samples... is the fact that the vein they discovered is not small. It's not massive from surface indications, but from all indications, it is certainly not a sliver in the ground.

The samples were taken from a 5 meter by 15 meter area which indicates quite a large vein for the high grade nature of the samples. If this vein is significant at all and can return a fraction of the grades in the samples.. then NTR may have made another discovery in the Yukon.

At any rate, I am not sure if NTR will be drilling this summer to follow up this discovery, so the excitement will fade until they start plugging holes in the ground, but have fun while the NTR stays in the headlines. :)

It certainly represents an exciting discovery in the Yukon which continues to bring about gold discover after discovery. Certainly for explorers like Underworld, Kaminik, and now hopefully Northern Tiger, the Yukon is making dreams come true.

Here is a link to my original post on NTR.


Happy Trading

OTC Bottom Fish Play for August

I don't usually pick OTC stocks...

but once in awhile I come across a play that looks pretty good. I have a great source whose track record is almost impeccable when it comes to picking OTC micro caps. There are a lot of people out there pumping crap OTC stocks that the only good thing to do is short, but with this guy more often than not, these stocks are usually good for decent run.

Past picks include SRWY in May that went on a crazy run to .20 and then GLER that did the same thing to .20. So I am expecting that this pick will probably do the same.

So here is the story... Fund.com FNDM on the OTC is rumored to be buying back shares and going private and will be buying back at a much higher price. The company had a major shareholder sell the company down to its current .09 from $2 over the last 6 months and is now starting to announce new revenue streams. (Apparently BNY Mellon are going to throw them a bone and give these guys some business.) At .09 this financial company couldn't get cheaper on the charts and it made a similar run last summer from .10 to $2 after a major sell-off. With the large volume over the last week, as well as insider buying. FNDM could be a great place to stay for a meteoric run.

If you took some profits in GLER after a quick double... this might be the place to park your profits.

Just remember what goes up really quick, will often come back crashing down. Take your profits, don't be a bagholder.

Happy Trading :)

Fire River Gold... Strong Buy on Weakness

Fire River Gold today released more positive assays from the re-assay program. In my opinion this results were timed to take a bit of heat off the stock for the immediate short term. When compared to previous released results that drove the price up to do a .50 PP, they pale in comparison and are probably designed to put a lid on the hype. I could be wrong but it has received a minor sell-ff today to its initial up-tick trend line that if breaks may bounce around between .50 and .60 for the next week or so.

There is a lot of excitement about FAU and think that any weakness at .60 and below should be bought up for major gains later this summer and fall. Fire River Gold is putting 28,000 meters into the ground working towards a resource estimate this fall, which being positive will set the wheels in motion for FAU to turn the key at Fort Nixon and start production. Which is essentially all they have to do with close to $100M worth of existing infrastructure in the project.

FAU is truly one of the last high grade gold projects in the world at over an oz a ton. I have full confidence that Fire River Gold has what it takes to fast track Fort Nixon and put it into production in short order to take advantage of the continued rising prices in gold. The long term trend for gold is still a long way from being exhausted and Fire River Gold is positioning themselves to take advantage of this superbull in gold.

Click here for a complete list of news releases for FAU

http://www.firerivergold.com/

GLER... 100% in a week!

On July 27th I tweeted that GLER was back in action and was a great time to buy. (see twitter profile)

It has since gone from .035 to a high of .08 today and is currently trading at .07 cents. This is a 100% gain in a week! Congrats to all that follow on twitter and facebook and bought in for a 100% gain. It's always safe to take profits, especially when you double your money in a week, but the high volume in the last 2 days suggest that you should think otherwise. This stock went from .02 to .20 briefly, last time I mentioned this it and I have heard that a similar run could be in the cards with a little bit better price support.

With what will certainly be record volume on consecutive days by the end of the day and markets looking to stay positive for a little while longer, GLER could be on the verge of a material breakout over coming days and weeks.

Happy Trading