ASD announced a new zone 10km southeast from Gold Skarn Oxide zone, with 3 sample grabs at 1% Cu. It is premature to draw any conclusion. I have been to Pinaya, the package is huge and it is a matter of time before new zones are found and drilled. ASD is contemplating a resource recalculation, which should show a healthy increase from the current 40 million tonnes with 660,000 oz Au and 350 million pounds Cu.
Apogee announced discovery of new veins at La Solucion.
(http://biz.yahoo.com/ccn/070924/200709240414802001.html?.v=1)
Having recently raised $4 million, we can expect activities to resume in Bolivia. Both Apex silver and Orvana has gone up 50%+ from its low. Recent financing of APE put a damper on the stock, but APE is primed for a rebound with the resumption of the gold/silver bull.
ASD, CPP, and APE charts sure look as if gold is dead. CPP is waiting for a drill permit. Technically, CPP is looking interesting with still over $4 million in the bank. I will keep CPP under my radar.
Gateway is another one of our lager. I like GTQ since it is in Nevada, with already 1.2 million oz Au under its belt at the Big Springs project. Results from Mac Ridge drilling should be due soon. This is a good entry point.
GTQ.TO, GWYGF.PK
Recent Price: C$0.650
Shares O/S:
32.7 M
Market Cap. :
C$21 M
52 Week Range:
$0.530 - $1.170
Mysterious Stock Chart of the Week
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This company’s project has $10billion+ in situ metal value trading at $80 million market cap.
