The stage continues to be set for Gold’s eventual breakout to new highs…the yellow metal is up $8 per ounce to $1,252 as of 8:30 am Pacific…Silver is 23 cents higher at $19.58…the CDNX is up 7 more points to 1525…this market is showing every sign of pushing significantly higher this month as we predicted earlier based on numerous technical indicators…Gold Bullion Development (GBB, TSX-V) is up a nickel to 66 cents on over a million shares on the CDNX (GBB has also been trading significant volumes on the ALPHA system)…BMR’s technical analyst is working on an updated GBB chart which will posted this weekend…Gold Bullion stated Tuesday it expects to release additional drill results from Granada sometime next week…each exploration update from Gold Bullion this year has gotten more interesting which bodes well for next week as this large project continues to develop…Richfield Ventures (RVC, TSX-V), which we first introduced to BMR readers last December at $1.20, is up 13 cents to $2.05…Richfield reported 6 more holes this morning from its Blackwater Project in central British Columbia which further demonstrate the world class potential of this property…the company continues to drill long intersections of mineable grade including significant widths of 1 g/t Au or better in 3 zones at Blackwater which could be part of one large overall system…the best hole reported today was 282 metres grading 1.41 g/t Au…that is a stellar hole by any standard…Richfield’s current market cap is just under $60 million, so there is a lot of room for further growth here if good results continue to flow in…there’s no reason to believe that won’t happen based on the consistency of results so far…we hope to do another interview with President and CEO Peter Bernier in the near future…there is significant technical resistance at $2.25, Richfield’s 52-week high, which it nearly touched this morning ($2.23)…it should be only a matter of time before this resistance is overcome…Seafield Resources (SFF, TSX-V) is also enjoying a strong day today…Seafield is up 1.5 cents to 21.5 cents on volume of over half a million shares…we’ve stated all along, Seafield has assembled a high quality land package in the Quinchia District of Columbia, right on the doorstep of Medoro’s (MRS, TSX-V) 10 million ounce Marmato Deposit…it should be a busy month for Seafield with drill results expected from Miraflores and a drill campaign likely to commence at Dos Quebradas, the 2nd of 3 outstanding targets for Seafield at Quinchia…Seafield is hoping to outline 2 million compliant inferred ounces at Quinchia after drilling Miraflores and Dos Quebradas (right now they have 800,000 compliant and 800,000 non-compliant)…the entire land package holds excellent potential for a series of deposits totaling 3 to 5 million ounces…Sidon International (SD, TSX-V) is up half a penny to 12 cents…John’s updated chart on SD last night clearly shows the strong technical support this stock has around current levels…we remain excited about Sidon’s Morogoro East Property in Tanzania which holds considerable exploration upside and a lot of market appeal given Canaco’s (CAN, TSX-V) success just 60 miles away…Sidon is somewhat “range bound” at the moment, however, until it closes its recently proposed private placement at 10 cents…
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