BullMarketRun.com

Gold has stabilized after falling more than $60 the last two days…as of 8:40 am Pacific, the yellow metal is up $5 an ounce to $1,386…Silver is ahead 38 cents to $28.74 while the U.S. Dollar Index is up one-fifth of a point to 80.26…the CDNX has climbed 9 points to 2108…BMR had added Cadillac Mining (CQX, TSX-V) to its model Portfolio this morning…this is a company with a paltry current market cap of $6 million with a large land package along the Cadillac Trend to the west of Gold Bullion including strategic claims that could form part of a mine (Wasamac) that Richmont Mines (RIC, TSX) is trying to bring back into production…in addition, Cadillac appears close to acquiring what could be a major project in the Great Basin as revealed by the company in a news release Monday…this is a definite turnaround situation and one of the most exciting opportunities we’ve come across to date…Richmont is getting excellent drill results from Wasamac and has increased its drill program there to 20,000 metres…a new resource calculation is expected next month…the principal structure hosting the Wasamac Gold mineralization dips northerly toward the seven titles comprising 164 hectares owned by Cadillac…in addition, the Horne Creek fault, host to significant mineralization to the northeast, and the related Mackay splay, also cross Cadillac’s “Wasa” Property which is largely untested for its Gold potential…Richmont’s Wasamac Property is a former producer (253,000 ounces between 1965 and 1971) and the company is now making new discoveries at Wasamac after outlining an inferred resource of 285,000 ounces of Gold following 14,000 metres of drilling between 2002 and 2004…an exciting story is emerging at Wasamac and Cadillac Mining’s tie-in has been largely overlooked by the market, though this stock has obviously been under some significant accumulation since Richmont reported its first drill results from Wasamac August 31…Richmont confirmed in a news release yesterday a “strong system of mineralization” between vertical depths of 200 to 800 metres that remains open at depth in several areas…the Wasamac Shear Zone extends over a strike length of two kilometres…Richmont, which has a market cap of over $150 million, is evaluating the potential for an underground bulk-mining operation at Wasamac and expects to put a nearby property (Francoeur) into commercial production by the middle of next year…in addition to the strategic Wasamac claims, Cadillac holds over 7,000 hectares in the general area and the company announced Monday it has partnered with Visible Gold (VGD, TSX-V) for the development of those properties…Cadillac Mining’s surge in volume in recent months is a tell-tale sign that major developments are in the making with this company, so the recent increase in price we believe could be just the beginning here…it’s hard to find a company in this current market with such exciting prospects trading at a market cap of only around $6 million…management is solid and we love the share structure and the chart…Cadillac also has a silver property in British Columbia that we’re intrigued about…as of 8:40 this morning, CQX is up 6.5 cents to 27.5 cents on over 600,000 shares…Seafield Resources (SFF, TSX-V) has announced an $8 million financing this morning, something that doesn’t surprise us as we had alluded to the potential of this the other day…we view this as a positive development, however, as it likely puts a floor on the share price in the low 50’s and will give Seafield in excess of $10 million in cash on hand…we expect a lot of warrants and options are also being exercised…the stock can be expected to be “range bound” for a while until the financing is completed, but Seafield’s prospects are exciting…Seafield is currently up a nickel at 60 cents…GoldQuest Mining (GQC, TSX-V) is stronger this morning which could be in anticipation of the start of a new drill program in the Dominican Republic and/or the pending release of a 43-101 resource estimate on the company’s Toral zinc-lead-silver deposit in Spain…GQC hit a new 52-week of 42.5 cents this morning and is currently trading at 40.5 cents, up 3.5 cents…Sidon International (SD, TSX-V) has announced a property acquisition this morning with a hefty price tag…the 13.8-square-kilometre property is located adjacent to the northwest of the Morogoro East Gold Property and contains the favourable stratigraphy encountered at Morogoro East…we’re not sure what to make of the terms of the deal ($5 million for the property, 10 million shares and a $5 million work commitment over five years) but what this could indicate – and we certainly hope this is the case –  is that Sidon is tremendously excited about what it’s seeing at Morogoro East and has a very high level of confidence in that property…Sidon is up a penny to 21.5 cents…Gold Bullion Development (GBB, TSX-V) is firm this morning, up 2 pennies to 70 cents…the stock has strong technical support in the high 60’s…