BullMarketRun.com

The strength of the current Gold market was clearly on display this morning as the yellow metal fell to $1,279 an ounce and then reversed sharply…as of 10:10 am Pacific, Gold is up $13 for the day at $1,308…it has hit an all-time high of $1,311.20…the CDNX fell to 1678 and has also reversed…it’s now up 2 points to 1697…BMR has checked with various sources this morning and has confirmed that Adventure Gold (AGE, TSX-V), a company we had never heard of until yesterday, has indeed secured a small but strategic piece of land inside Gold Bullion’s LONG Bars Zone Eastern Extension…what we consider potentially quite valuable is an area measuring approximately 400 metres north-south and 200 metres east-west, underlain by Timiskaming sediments, approximately 100 metres south of GBB’s Hole #78 and 200 metres east of Hole #86….this was a very cunning move on the part of Adventure Gold which has purchased this particular claim block (which stretches south into Pontiac sediments) from Chantal Courcelles…how Gold Bullion missed out on this we don’t know…they successfully tied up everything with Mousseau Tremblay but this tiny parcel of land somehow slipped through their hands…Adventure Gold also picked up some additional land to the west and south of Gold Bullion’s Preliminary Block Model for a total package adding up to 200 hectares…while this could be an aggravating issue for Gold Bullion, it will add even more excitement to the LONG Bars Zone as it’s our view that Adventure Gold is not going to sit quietly on these claims…they are going to come in, we believe, with all guns blazing and a drill rig…there are many examples (Hemlo being just one) of tiny sections of land that suddenly become very valuable…specificially, from what we understand of Granada geologically and of course we’ve also had our boots on the ground there, the northern part of Adventure Gold’s claim block in Gold Bullion’s Eastern Extension is highly prospective ground with the overall Granada Deposit potentially running right through it…Seafield Resources (SFF, TSX-V) continues to look strong and is up half a cent this morning on a whopping 2.4 million shares…we’re expecting good news from Quinchia…Richfield Ventures (RVC, TSX-V) came out with more drill results this morning from its Blackwater Project in central British Columbia…their recent $15 million financing at $1.95 has also been approved by the CDNX…Richfield continues to drill long intersections of mineable grade…BW-75 returned 199 metres grading 1.47 g/t Au while BW-76 intersected 316 metres grading 0.95 g/t Au…as we’ve stated all along, this is shaping up to be a very impressive deposit…Richfield is up 24 cents to $2.75…