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Morningstockpicks.com: Monday's Momentum Market Report: Hot Mining
stocks to watch (OTCBB:BLRV), (OTC:HPGI), (OTC:SFMI), and
(TSX:MAG)(AMEX:MVG).
(M2 PressWIRE Via Thomson Dialog NewsEdge)
RDATE:05112007
Hot Stocks To Watch: Bullion River Gold Corp. (OTCBB:BLRV), Hemisphere
Gold Inc. (OTC:HPGI), Silver Falcon Mining, Inc. (OTC:SFMI), MAG Silver
Corp. (TSX:MAG)(AMEX:MVG)
*November-February has always historically been the most bullish time
for gold. -As we enter "Gold-Season", we will be focusing on Hot Mining
Stocks of Interest.
*To receive periodic "FREE MORNING STOCK PICKS" and occasional " NEWS
UPDATES" for selected public companies, subscribe to:
http://www.morningstockpicks.com/FreeMembership.cfm
Bullion River Gold Corp. (OTCBB:BLRV)
Bullion River Gold Reports Expected Initial Positive Cash Flow for
French Gulch Operations in October 2007
(Nov 5, 2007) -- Bullion River Gold Corp. (OTCBB:BLRV) announced
earlier today that according to preliminary production statistics for
the Company's French Gulch Mining operation, the value of gold
recovered last month (Oct-2007) at the Company's California-based mine
is expected to exceed onsite production costs.
"Operating at a profit in October is overdue validation of the measures
we instituted earlier in 2007 to control production costs," stated CEO
Peter Kuhn. "This milestone could also not have been reached without
the diligent efforts of the mine operations personnel onsite at French
Gulch, and their collective efforts to bring the project to
profitability. Of course the fact that the monthly moving average for
the price of gold jumped around $100 recently didn't hurt our net
results either."
The preliminary Production Statistics for October 2007 at Bullion River
Gold's French Gulch Mine project are as follows:
Gold Mill Head Period: Milled: Recovered: Recovery: Grade:
------------------------------------------------------ 10/1/2007 1055.3
734.8 92.3% 0.754 opt thru 10/31/2007 tonnes ounces
------------------------------------------------------
For the period October 1, 2007 through October 31, 2007, the mine
produced and processed 1,055.3 tons of ore containing 795.7 oz of gold,
of which 734.8 oz were recovered, representing an average recovery for
the month of 92.3%.
The statistics listed above represent the first calendar month in which
the value of gold produced by the mine exceeded onsite production
costs. This is a significant event in the evolution of the French Gulch
Mine from an exploration project to a viable gold producer. Efforts
onsite are currently directed at continued cost management and
development of additional stoping areas, which will allow the mine to
increase tonnage delivered to the mill.
The availability of additional tonnage at French Gulch will continue to
reduce the Company's cost per ounce produced. Combine this with the
current prices for gold (US$807.25 on Nov 2, 2007) and silver (US$14.64
on Nov 2, 2007), and Bullion River Gold anticipates continued
increasing revenues. All of which should lead to more profitable months
for Bullion River Gold's mining operations, and increased shareholder
value.
About Bullion River Gold Corp.
Bullion River Gold Corp. is a Nevada-based precious metals exploration
company focused on gold and silver deposits in the western United
States. The Company currently has six project properties, equally
divided between California and Nevada. Of the Nevada properties, two
are considered advanced projects and the third is considered
grassroots. The three California properties are all past producers.
TO READ THE MSP PROFILE OF BLRV.OB, GO TO:
http://www.morningstockpicks.com/detail.cfm?report_id=38
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Hemisphere Gold Inc. (OTC:HPGI)
Hemisphere Gold Reports on Progress From Gold Exploration
Targets Show Size Potential Representing Major Gold-Bearing Systems
That Indicate Multi-Million Ounce Gold Deposit Potential
(Nov 5, 2007) -- Hemisphere Gold Inc. (OTC:HPGI), a gold exploration,
property acquisition and mining development company, is pleased to
announce activities of the Company's recent exploration activities.
All exploration and sampling programs are under the supervision of a
Qualified Person, Dr. Dennis J. LaPoint, and meets the guidelines of
the TSX exchange and 43-101 Standards of Disclosure for Mineral
Projects report requirements.
The program has two objectives, the first being, scouting and sampling
areas of small scale mining throughout Hemisphere's two major
concessions with particular attention to areas of mining of weathered
bedrock (saprolite).
A number of new targets have been identified from this on-going
sampling program that are associated with quartz veining and alteration
at the contact between very weathered mafic igneous rocks and younger
granites, within altered granites with sheeted quartz veining, and
quartz veining within mafic intrusive rocks.
The targets show the size potential to represent major gold-bearing
systems than can host multi-million ounce gold deposits.
The second objective has been to survey the Alimonie North and South
grids where lines were cut and the north grid was sampled in 2006.
Mapping has included grab and channel sampling of porkknocker areas.
Auger sampling is in progress to follow up targets on Red Top Hill and
then the crews will proceed to Alimonie South Grid and Grand Creek
(Rossi area).
Operationally the company has added new technical personnel and crews
in an expanded camp with new remote camp sites located for better
access. ATV trails are being upgraded, state-of-the-art communication
links are being built, first aid training has been implemented and
potential airstrips and helicopter sites have been identified.
Ted Pomerleau, President of Hemisphere, stated, "The scouting program
has proven to us that the concession is holding great potential. The
focus on what has been discovered by the team and implement proper
programs to get the maximum results for our shareholders is what we
will be conducting over the next few months."
About the Company
Hemisphere Gold Inc. is in the business of exploration and acquisition
of gold properties in some of the world's best gold districts. The
Company's objective is to take advantage of high-yielding untapped
mineral producing properties through exploration and acquisition. The
Company's flagship property is in Suriname, a democratic country which
has had mining operations since the 1700s. Suriname is an emerging
major gold producer with international companies showing interest.
Hemisphere is committed to maintaining environmental stewardship,
occupational safety and corporate responsibility.
TO READ THE MSP PROFILE FOR HPGI.PK, GO TO:
http://www.morningstockpicks.com/detail.cfm?report_id=32
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Consulting Firm engaged in raising investor awareness through the
widespread dissemination of material data pertaining to selected
publicly traded entities.
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Silver Falcon Mining, Inc. (OTC:SFMI)
(Nov 2, 2007) -- Silver Falcon Mining, Inc. (OTC:SFMI) today released
details of an independent analysis conducted on War Eagle Mountain, a
Gold property on which Silver Falcon Mining, Inc. has developmental and
operating rights to (14) deep-shaft mines covering the Mountain's
primary epithermal gold- and silver-producing veins. War Eagle Mountain
has produced approximately 415,000 oz of gold equivalent to date, worth
$ 270 Million.
The mines of War Eagle Mountain are adjacent to the open-pit
gold/silver mines of DeLamar Mountain and Florida Mountain and owned by
Kinross Gold Co., south of Boise, Idaho-Silver City Mining District.
The DeLamar Mountain open-pit operation produced approximately 67
Million oz of silver and 1 Million oz of gold, worth $ 1.6 Billion.
An analysis of War Eagle Mountain, written by Barrett Cupp, a senior
geologist, states: "The veins of War Eagle Mountain are of far higher
value per ton than any other mining operation in the Silver City Mining
District and some have speculated that they are more valuable per ton
than the historically famous 'Comstock Mother-Lode.' The veins in the
Mountain have not been fully exploited with respect to length or depth.
My experiences in the district cause my opinion to be very favorable
toward the War Eagle Mountain target and that any new exploration
ventures should be focused on War Eagle Mountain if a large scale
project is the desired goal in this mining district."
Mr. Pierre Quilliam, President of Silver Falcon Mining, Inc., said, "We
are definitely excited with the attention that War Eagle Mountain has
attracted from the mining community. The quality of the participants
who have shown an interest in the War Eagle properties is outstanding,
and we look forward to full-scale mining on these properties."
Silver Falcon Mining, Inc. is an exploration and development company
specializing in high-grade gold and silver mining properties in North
America.
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MAG Silver Corp. (TSX:MAG)(AMEX:MVG)
(Nov. 5, 2007) - MAG Silver Corp. (TSX:MAG)(AMEX:MVG) ("MAG") and
Industrias Penoles S.A.B. de C.V. ("Penoles") announce assay results
have been received for Hole GB and provide visual information on the
results from the most easterly hole to date, Hole UE.
Hole UE is located 150 metres east of Hole SD and has intersected a
core length of 10.7 metres (8.0 metres true length) of banded and
crystalline quartz vein with visible sulphides. Assay results are
pending. This intersection adds a further 150 metres to the strike
length of the Valdecanas Vein which can now be traced for at least
1,500 metres on the Juanicipio Joint Venture property. This
intersection occurs on the eastern boundary of the property.
Hole GB, on the most westerly section drilled to date, has intersected
the Valdecanas Vein near the top of the silver/gold zone almost 40
metres up-dip from Hole GC which was reported in a press release dated
September 13, 2007. This intercept returned a core length of 2.90
metres (2.73 metres true width) grading 317 grams per tonne (g/t)
silver (9.20 ounces per ton (opt)), 1.90 g/t gold, 2.13% lead and 3.69%
zinc. This includes a one metre section grading 581 g/t Ag, 5.6% Pb and
7.6% Zn (see table below for details).
For further information please see the longitudinal section and other
diagrams below and at www.magsilver.com. The vein remains open to the
east (trending onto Penoles held property), to the west and down dip.
------------------------------------------------------------------------
--
True Width Silver Silver Gold Lead Zinc Width Hole # From To metres g/t
opt g/t % % metres
------------------------------------------------------------------------
--
JI-07-GB 730.55 733.45 2.90 317 9.20 1.90 2.13 3.69 2.73
------------------------------------------------------------------------
--
JI-07-UE 787.50 798.20 10.7 Assays Pending 8.00
------------------------------------------------------------------------
--
These drill results are from the 28,000 metre definition drill program
currently underway on the Valdecanas silver/gold vein discovery within
the Juanicipio Joint Venture, Fresnillo District, Zacatecas State,
Mexico.
At a recently held joint venture committee meeting MAG and Penoles
agreed to continue drilling at Juanicipio throughout 2007 and 2008
utilizing at least four diamond drills. Drilling in 2007 will continue
to delineate the vein on a 200 metre by 100 metre grid pattern between
section G to the west and Section U to the east. Holes are planned for
sections G, O, Q, S and U.
It was also agreed to begin a drill program on the Juanicipio Vein
before the end of this year. This vein was first intersected by MAG in
2003 and is located about 1,100 metres south of the Valdecanas Vein.
Information from the drill program at Valdecanas suggests that this
Juanicipio Vein intersection occurs at the very top of the high grade
silver/gold zone. Penoles also intersected the vein in 2005 almost 100
metres to the east but at an elevation now known to be well above the
silver/gold zone. The Juanicipio Vein is open at depth and along strike.
A review of past drilling by the Joint Venture in the context of the
Valdecanas Vein discovery has renewed interest in Hole VP-02 drilled in
2006. This hole is located on the Juanicipio property 1,200 metres to
the west of section G on the Valdecanas Vein. This hole reported a one
metre section of 7.70 grams per tonne gold and 4.0 grams per tonne
silver at 700 metres below surface. The presence of strong gold values
in this intersection and its relative proximity to Valdecanas is
considered highly significant.
About the Joint Venture
Penoles has earned a 56% interest in the Juanicipio property. MAG
retains a 44% interest in the property. Penoles and MAG are now
participating in the project as joint partners and will share
expenditures on a pro rata basis, with Penoles contributing 56% and MAG
44% respectively. Penoles maintains its position as operator of the
project and will present programs to the joint venture management team
for joint approval going forward.
The Penoles/MAG Juanicipio Joint Venture lies 5 kilometres west from
the principal production head-frame of the Fresnillo Mine and 1.5
kilometres west from the Saucito Vein, currently undergoing
preproduction development with construction of a 600 metre shaft and a
2,200 metre decline.
Quality Assurance and Control: The samples are shipped directly in
security sealed bags to ALS-Chemex Laboratories preparation facility in
Guadalajara, Jalisco, Mexico (Certification ISO 9001). Samples shipped
also include intermittent standards and blanks. Pulp samples are
subsequently shipped to ALS-Chemex Laboratories in North Vancouver,
Canada for analysis. Two extra pulp samples are also prepared and are
analyzed (in progress) by SGS Laboratories (Certification ISO 9001) and
Inspectorate Laboratories (Certification ISO 9001) (or other recognized
lab). The bulk reject is subsequently sent to CIDT (Center for
Investigation and Technical Development) of Penoles in Torreon, Mexico
for metallurgical testing where a fourth assay for each sample is
analyzed and a calculated head grade is received on the basis of a
concentrate balance. The CIDT also does a full microscopic, XRF and XRD
mineralogical analysis.
Qualified Person: Dr. Peter Megaw, Ph.D., C.P.G., has acted as the
qualified person as defined in National Instrument 43-101 for this
disclosure and supervised the preparation of the technical information
in this release. Dr. Megaw has a Ph.D. in geology and more than 20
years of relevant experience focussed on silver and gold
mineralization, and exploration and drilling in Mexico. He is a
certified Professional Geologist (CPG 10227) by the American Institute
of Professional Geologists and an Arizona registered geologist (ARG
21613). Dr. Megaw is not independent as he is a Director and
Shareholder of MAG and is a vendor of one project, other than
Juanicipio, whereby he may receive additional shares. Dr. Megaw is
satisfied that the results are verified based on an inspection of the
core, a review of the sampling procedures, the credentials of the
professionals completing the work and the visual nature of the silver
and base metal sulphides within in a district where he is familiar with
the style and continuity of mineralization.
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Forward-looking statements. This press release may contain
forward-looking statements that involve risks and uncertainties. Words
such as "believe," "may," "could," "will," "intend," "expect,"
"anticipate," "plan," and similar expressions are generally used to
identify forward-looking statements. You should not place undue
reliance on these forward-looking statements. Actual results of any
company discussed herein could differ materially from those anticipated
in the forward-looking statements for many reasons, including: the
company's ability to continue as a going concern, amendments to current
regulations adversely affecting its business, results of operations and
prospects, its ability to raise additional capital, potential
litigation, and such other risks and uncertainties as may be detailed
from time to time in other press releases or public announcements.
Although the expectations reflected in the forward-looking statements
are believed to be reasonable, they relate only to events as of the
date on which the statements are made, and future results, levels of
activity, performance, or achievements may not meet these expectations.
No party mentioned herein has any intention to update any of the
forward-looking statements after the date of this document to conform
these statements to actual results or to changes in expectations,
except as required by law.
CONTACT: Mr. Brent O'Connor, I.R.Director, MorningStockPicks.com
e-mail: brent@morningstockpicks.com
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