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Gold Bullion Development (GBB, TSX-V)

Gold Bullion staged an impressive reversal Friday as it closed at its high of the day at 74 cents after falling as low as 67 cents, its 100-day moving average (SMA), in early trading…for the week GBB was off just a penny…with Gold doing a turnaround, and new results expected soon from the LONG Bars Zone, February should be an interesting month for Gold Bullion whose chart continues to be a picture of beauty with a very consistent trading pattern…the RSI(14) appears to have bottomed out right near the lows of last February, early July and September, and the fact the stock has once again bounced off its 100-day SMA is additional evidence that a new uptrend is setting in…the updated drill map on the GBB web site shows GENIVAR has been busy recently drilling underneath the waste pile within the Preliminary Block Model…they’ve also been targeting the southwestern portion of the Block Model near Phase 1 hole #13 which returned a 28-metre interval grading 1.27 g/t Au…recent drilling has also occurred north of the Block Model and in the southern portion of the Eastern Extension in the vicinity of Phase 2 hole #86 which was an important discovery of near-surface mineralization…we know from Gold Bullion’s January 21 news release that mineralization remains open in all directions at Granada and that new mineralized structures have been intersected…the news has been consistently good from the LONG Bars Zone for just over a year now and there’s every reason to believe that’s going to continue…

Cadillac Mining (CQX, TSX-V)

Cadillac traded in a range of 27 to 34.5 cents last week, closing Friday at 28.5 cents for a loss of 3.5 pennies on the week…technically, the first sign to look for this coming week to suggest a new uptrend could be underway is a reversal in the 10-day moving average (SMA) which is starting to flatten out…this stock has had a huge run-up the past couple of months, surging from a low of 5.5 cents to a high of 50 cents…a pullback to the mid-20′s, in retrospect, was healthy and normal from a technical standpoint and has paved the way for another potential major surge…there are many reasons we like Cadillac so much and why we believe it has the potential to soar in 2011…the tight share structure (25 million outstanding and 27.5 million fully diluted) is highly attractive and the management team is focused and shrewd….Victor Erickson and Andre Audet also have a combined immense amount of geological and engineering expertise…all of this was clearly demonstrated when the company announced January 21 a very significant precious metals property acquisition in the Great Basin of southern Utah near the Nevada border…the market hasn’t quite caught on to this yet but that’s okay – we have and so have some of our readers…what Erickson and Audet skillfully pulled off, through negotiations with individual landholders, was the acquisition of an entire former mining camp (the “Goldstrike District”) with patented claims that cover a dozen former near-surface deposits…in addition, the company staked further ground, contiguous with the patented claims…those mined deposits very likely feature extensions…our research shows this area has been hugely under-explored despite the production of 200,000 ounces of Gold and nearly 200,000 ounces of silver between 1988 and 1996…not only could there be near-surface extensions but there are parallels here to Nevada where some major deposits have been discovered underneath old heap leach operations…Erickson has a lot of successful experience in the Great Basin and wants to aggressively explore this 15 square kilometre area at Goldstrike….we expect Cadillac will employ some sophisticated techniques to help unlock the potential of this mining camp…they have a wealth of historical data at their disposal which will lead directly to numerous drilling targets…the property acquisition came at minimal expense for Cadillac (no stock issued either) which demonstrates this group’s business savvy – you don’t always have to spend a small fortune and issue vast amounts of paper to acquire a quality project…some of the most successful properties were picked up for a song through careful research which is what Cadillac has pulled off with Goldstrike…as far as CQX’s Cadillac Trend presence is concerned, Richmont Mines (RIC, TSX) announced last week that new results and an updated resource estimate from Wasamac are expected by the middle of February…we’re expecting a major upward revision in resources…the principal structure hosting Gold mineralization at Wasamac plunges north onto claims held 100% by Cadillac…Visible Gold (VGD, TSX-V) has also announced an aggressive exploration program for 2011 over its Quebec properties which include 7,000+ hectares with Cadillac…

Abcourt Mines (ABI, TSX-V)

Abcourt was up a penny this past week, closing Friday at 19 cents after briefly touching major support at 16 cents Tuesday…the company came out with news Thursday, announcing it had intersected two new zones of high grade silver and zinc mineralization at its Abcourt-Barvue Property near Val d’Or…the first zone averaged 173.41 g/t Ag over 3.65 metres while the second zone averaged 179.43 g/t Ag over 2.78 metres…the 10,000 metre drill program continues with the goal of upgrading and augmenting existing 43-101 reserves and resources…the company is also trying to justify an expansion of the proposed mill from 650,000 tonnes to 1 million tonnes…Abcourt-Barvue is a former producer and one of the best silver assets in the country with nearly 20 million ounces in all-category reserves and resources (plus nearly 300,000 tonnes of zinc)…in addition, the company holds the former producing Elder Gold Mine near Rouyn-Noranda which it hopes to put back into production within 18-24 months (considerable infrastructure is already in place as we saw during our recent site visit)…drilling continues at both Elder and the adjacent Tagami Property where there is excellent potential for a significant discovery…technical analyst Clive Maund came out with a buy recommendation on Abcourt this past week…one of the things that caught his attention was exactly what caught our attention initially – the sudden spike in volume starting in December…there has been some major accumulation of this stock and for good reason – the value of this company’s Gold, silver and zinc assets…Abcourt recently raised $4 million…with 110 million shares outstanding, its market cap currently sits at just $20 million…continued drilling success and even higher prices for Gold, silver and zinc would be extremely bullish for this stock which has a history of major moves…from mid-2005 to early 2006, Abcourt rocketed from 15 cents to nearly $1.40…

Currie Rose Resources (CUI, TSX-V)

After a 15 trading session slide that took Currie Rose from a high of 39 cents to a low of 15 cents this past week, a turnaround appears to have started as CUI begins to come out of extremely oversold conditions based on RSI and Stochastics…the stock closed the week at 16 cents, down just half a penny from the previous Friday, and volume has subsided considerably which is typical at or near the end of a bottom…the low of 15 cents last week was the late October support price and just above the still-rising 200-day moving average (SMA)…the company came out with news Tuesday, announcing a joint-venture deal with Australian-based Liontown Resources for Currie’s Jubilee Reef Gold Project in Tanzania…CUI’s focus is on the Sekenke and Mabale Hills Projects, so finding a partner for Jubilee Reef made sense…the deal commits Liontown to at least 5,000 metres of drilling at the property this year which will give Currie Rose a minimum of 23,000 metres of drilling at all of its properties in 2011…an 8,000 metre program is now underway at its Scadding Gold Property near Sudbury which was optioned to Trueclaim Exploration (TRM, TSX-V)…while Currie Rose has had its market cap shaved considerably this month, from a high of $33.5 million to a low of $13 million, what hasn’t changed is the quality of this company’s project portfolio which remains as high as it ever was in our view…

Richfield Ventures (RVC, TSX-V)

We are very pleased to see that Richfield got a well-deserved buy recommendation Friday from GMP Securities which has initiated coverage on the stock with a 12-month target price of $11.10 per share…BMR introduced Richfield to its readers in December, 2009, when the stock was trading at only $1.20…GMP sees the potential for at least 5 million ounces of Gold at the company’s Blackwater Project in central British Columbia…Richfield jumped 65 cents Friday, closing the week at $4.70 for a weekly gain of 70 cents…the 20-day moving average (SMA) is just now reversing to the upside…other technical indicators also suggest a new uptrend is underway…a near-term challenge of the all-time high of $5.10 appears to be in the cards…the company released results on six more drill holes last Tuesday…BW-106 returned 205 metres grading 2.04 g/t Au including 81 metres of 4.33 g/t Au…this hole was was collared 70 metres northeast of previously reported BW-76 and 111 metres northeast of BW-78 which also returned excellent values over considerable widths…together the three holes outline an area of about 7,000 square metres of near-surface high grade which offers starter pit potential…another phase of drilling commences next week as Richfield continues to define a potential multi-million ounce Gold deposit at Blackwater with silver and copper values as well…the primary trend remains up with Richfield and there’s every reason to expect more excellent drill results throughout 2011…RVC is ahead 343% since we introduced it to BMR readers just over a year ago at $1.20…we believe the company’s ultimate objective is to find a buyer who can put Blackwater into production…if good drill results continue as we expect they will, we’re confident that objective will be met and the takeover price could be much higher than the company’s current market cap of approximately $200 million…