[November 19, 2008] Babybulls.com: BabyBulls.com Alerts for Wednesday, November 19, 2008: NYG, RBY, DHBR, CGLD, and WITM Tweet (M2 PressWIRE Via Acquire Media NewsEdge) RDATE:19112008 San Diego, California -- BabyBulls.com Alerts for Wednesday include Nayarit Gold Inc. (TSX-V: NYG); Rubicon Minerals Corporation (AMEX: RBY); Drayton Harbor Resources, Inc. (OTCBB: DHBR); Capital Gold Corporation (OTCBB: CGLD); and Wits Basin Precious Minerals Inc. (OTCBB: WITM). --- Nayarit Gold Inc. (TSX-V: NYG) closed yesterday at $0.45 per share on trading volume of 115,500 shares. Yesterday's close represented an increase of $0.04 per share or 9.76%. In a press release dated November 18, 2008, Nayarit Gold announced additional drill results from its ongoing 30,000 metre Phase II drill program at the Orion District in the State of Nayarit, Mexico. The assays reported today include drill hole 66, a step out hole at the Animas/Del Norte Discovery. Drill hole 66 returned three strong zones, including: (i) 24.68 metres of 1.31 g/t gold and 129.3 g/t silver; (ii) 2.37 metres of 6.07 g/t gold and 198.13 g/t silver; and (iii) 4.07 metres of 1.41 g/t gold and 37.24 g/t silver. In addition to Animas/Del Norte, the Company's drill program also included the San Francisco Target, an area approximately 1.4 kilometers due west of Animas/Del Norte. The Company has twinned several drill holes completed during the 1990's by the previous owner. The Company has received assays for three holes with 5 holes pending assay results. In drill hole 116, the Company intersected 9.57 meters of 2.18 g/t gold and 89.5 g/t silver. The vein material and mineralization intersected in the core appears visually similar to that at the Animas/Del Norte Discovery. Confirmation drilling is ongoing as well as exploration along the structure as the Company develops additional drill targets. The structure in the San Francisco Target area appears open to both east and west. A complete copy of the press release is available at http://www.nayaritgold.com/PDFs/press_20081118.pdf. A comprehensive profile for Nayarit Gold is available at www.babybulls.com. Nayarit Gold Inc. is a Halifax based junior resource company dedicated to gold exploration in the proven precious metal districts of Mexico. Management's goal is to build a profitable resource company and maximize shareholder value through successful exploration programs and continued development. For more information on other companies profiled on BabyBulls.com or to receive our "members only" company profiles when they first come out, visit us today at www.babybulls.com/subscribe.htm. Membership is 100% free. We look forward to having you as a member! To feature your publicly traded company in BabyBulls.com Alerts or as a fully profiled company, email us at [email protected]. --- Rubicon Minerals Corporation (AMEX: RBY) closed yesterday at $0.84 per share on trading volume of 132,842 shares. Yesterday's close represented a decrease of $0.02 per share or 2.33%. In a press release November 18, 2008, Rubicon Minerals announced the closing of its previously announced concurrent brokered and non-brokered private placements, raising gross aggregate proceeds of $10,200,930. Pursuant to the brokered offering, the Company issued 4,500,000 flow-through common shares (the "FT Shares") at a price of $1.35 per FT Share and 3,296,300 common shares (the "Offered Shares") at a price of $1.10 per Offered Share, for gross proceeds of $9,700,930 (the "Brokered Offering"). GMP Securities L.P. acted as lead agent in connection with the Brokered Offering, along with a syndicate of agents that included Research Capital Corporation and TD Securities Inc. The Company also issued 370,370 flow-through shares at a price of $1.35 per flow-through share to certain insiders and employees of the Company as well as other qualified investors, for gross proceeds of $500,000. Proceeds from the issue and sale of the flow-through shares will be used to incur eligible Canadian Exploration Expenses on the Company's Phoenix Gold project. Proceeds from the issue and sale of the Offered Shares will be used for general and administrative and working capital purposes. Rubicon Minerals Corporation, a gold exploration company, engages in the acquisition, exploration, and development of gold and base metal deposits in North America. The company controls approximately 180,000 acres of prime exploration ground in the prolific Red Lake gold camp of Ontario, which hosts Goldcorp's Red Lake Mine. Its flagship property is the 100%-controlled Phoenix Gold Project, located in the heart of the prolific Red Lake gold district of Ontario. The company also holds 512,960 acres of prospective exploration ground in Alaska in the area of the 5.6 million ounce Pogo deposit, as well as a 225,000 acre land package in northeast Nevada. --- Drayton Harbor Resources, Inc. (OTCBB: DHBR) closed yesterday at $0.55 per share on trading volume of 100,000 shares. Yesterday's close represented an increase of $0.05 per share or 10.00%. In a press release November 18, 2008, Drayton Harbor announced it has entered into a Letter of Intent ("LOI") with You.i Labs ("You.i") of Ottawa, Ontario, Canada. Under the terms of the LOI, Drayton intends on entering into a Development Services Agreement ("DSA") under which You.i Labs will develop certain mobile content creation and delivery solutions for the company and associated intellectual property. Both parties have agreed in principal to enter into a Definitive Agreement on or before November 30th, 2008. Drayton Harbor Resources, Inc. engages in the exploration, development, and production of copper and gold properties in Canada and the United States. It owns interests primarily in the Canyon Gold Mine property, which comprises a MTO mineral claim containing 15 cell units with 310.235 hectares in area located to the northwest of Vancouver, British Columbia. --- Capital Gold Corporation (OTCBB: CGLD) closed yesterday at $0.32 per share on trading volume of 81,750 shares. Yesterday's close represented no change from the previous day. In a press release November 17, 2008, Capital Gold announced that it has produced 11,888 ounces of gold in the first fiscal quarter of 2009 (ended October 31, 2008) at its El Chanate mine in Sonora, Mexico. Gross proceeds from the quarter were just over $9.1 million, with an average sale price of $801 per ounce. According to John Brownlie, Capital Gold's Chief Operating Officer, "We are exceeding each previous quarter's production totals on a consistent basis now. The new ADR plant is almost completely operational and we should continue to see production growth." Capital Gold Corporation is a gold production and exploration company. Through its Mexican subsidiaries and affiliates, it owns 100% of the El Chanate gold property in Sonora, Mexico. The proven and probable reserve is now 832,000 ounces of gold. The Company has produced over 50,000 ounces of gold since inception. Further information about Capital Gold and the El Chanate Gold Mine is available on the Company's website, www.capitalgoldcorp.com. --- Wits Basin Precious Minerals Inc. (OTCBB: WITM) closed yesterday at $0.09 per share on trading volume of 125,270 shares. Yesterday's close represented a decrease of $0.005 per share or 6.32%. In a press release November 17, 2008, Wits Basin announced today that London Mining Plc and Wits Basin have entered into definitive terms for the formation and operation of a 50/50 joint venture company which will own all the issued shares in China Global Mining Resources Ltd. ("CGMR"). CGMR, currently a wholly-owned subsidiary of Wits Basin, holds the rights to acquire the Maanshan Xiaonanshan iron ore mine located in the Anhui Province in the People's Republic of China and the Nanjing Sudan processing plant located in the nearby Jiangsu Province. London Mining has conditionally agreed to subscribe for a 50 percent interest in the joint venture company for an initial investment of USD$45 million. London Mining's obligation to subscribe for shares in the joint venture company is subject to the satisfaction of certain conditions, including, without limitation, the completion of its due diligence, incorporation of the joint venture company, transfer of the shares in CGMR to the joint venture company, and the satisfaction of the remaining conditions precedent in CGMR's contracts to purchase the Maanshan Xiaonanshan Mine and the Nanjing Sudan processing plant. These remaining conditions precedent include, among other matters, receipt of approvals from the Chinese Ministry of Commerce and the issuance of an updated mining permit for the Maanshan Xiaonanshan Mine. While Wits Basin and London Mining will each initially have a 50 percent interest in the joint venture, London Mining will have preferential rights with respect to return of capital and distributions of available profits until its USD$45 million initial investment is returned. The joint venture company will be controlled through a shareholders' agreement. Wits Basin is a minerals exploration and development company holding interests in three exploration projects and currently does not claim to have any mineral reserves on any project. BabyBulls.com profiles early stage microcap and growth stocks that provide innovative products or services resulting in potentially "hyper-growth" opportunities. Often, these companies have yet to be recognized by Wall Street and the undiscovered nature of BabyBulls.com's profile companies provide our members the opportunity to learn about these companies at their development stage, and more importantly before they possibly "turn the corner" and get exposed to a much larger investing audience. Babybulls.com (www.babybulls.com) has prepared all material herein based upon information believed to be reliable. The information contained herein is not guaranteed by BabyBulls.com to be accurate, and should not be considered to be all-inclusive. BabyBulls.com is a leading information resource for evaluating investment opportunities in small and microcap stocks. We focus on a limited number of companies in order to provide comprehensive coverage, including unique investment related features not available anywhere else on the Internet. To feature a company or to get more information, please visit us at www.babybulls.com or email us at [email protected] BabyBulls.coms affiliates, officers, directors and employees may also have bought or may buy the shares discussed in this opinion and may profit in the event of a rise in value. BabyBulls.com will not advise as to when it decides to sell and does not and will not offer any opinion as to when others should sell; each investor must make that decision based on his or her judgment of the market. 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