Adventure Gold

Adventure Gold was my other "winner" today. AGE.V

http://www.adventure-gold.com/home/en/index.html

They have numerous properties in Ontario and Quebec: Timmins West, Detour Quebec, Val D'or East, Dubisson, and Casa Cameron.

http://www.adventure-gold.com/properties/en/index.html

The President, is Marc Gagnon

"Prior to 2004, Mr. Gagnon acquired a vast experience in mine production and mine site and project exploration with Inmet Mining Corporation where, over a period of 10 years, he developed an expertise in designing, implementing and managing exploration programs on archean base metal and gold properties in Eastern Canada and in Finland. Prior to Inmet, he was employed by Barrick Gold, Minnova and Radisson Mining Resources. Mr. Gagnon was President of the Quebec Mining Exploration Association from 2007 to 2009."

http://www.adventure-gold.com/marco_gagnon/en/index.html

granting of options, and no insider selling.

http://www.canadianinsider.com/coReport/allTransactions.php?ticker=age

Technically this one is at a 52 week high, and difficult to set a target on. It will depend on drilling, and 43-101 compliant reports that are currently be worked on.

Belo Sun Mining

This was one of my "winners" today.

Belo Sun Mining was previously Verena Minerals.

From their website:

Belo Sun's primary focus is on expanding and completing a feasibility study on its 100% owned Volta Grande Project in Para State, which hosts a 2 million ounce (Inferred) and 1 million ounce (Indicated) NI 43-101 compliant gold resource.

Helio Diniz, VP Exploration

Mr. Diniz has over 25 years of experience, most recently as Director of Exploration, Brazil for Xstrata (formerly Noranda – Falconbridge). In this role, he was a primary discoverer of the world class Araguaia Nickel Deposits (+100 million tonnes, 1.5% Ni) which are currently undergoing scoping studies by Xstrata Nickel. He also assembled one of the most impressive property portfolios in the prolific Carajas Mineral District and the land position at Mangabal. Prior to that, he worked with GENCOR South Africa, and was involved in the evaluation and development of the Sao Bento gold mine in Brazil which operated for 25 years.

 

Insiders have been buying

 

http://www.canadianinsider.com/coReport/allTransactions.php?ticker=bsx

 

Lastly, in October of 2010 there was an article in the National Post.

 

These 6 Junior Gold Miners, Likely to become producers, takoever targets.

 

There was another article on Belo Sun, but I can't seem to find it. Will post that if I can find it.

Heavy movers today

AAA - Allana Potash - up 17% at $2.11 after hitting a high of 2.31

EPO - Encanto Potash - up 17.6% at .60

VRS - Verisante Technology - up 40% at .56 after hitting a high of .59

INT -  Intertainment Media - up 38% at .68 after hitting a high of  .69

PYN - Poynt Corporation - up 31% at .21 after hitting a high of .225

PPI -  Passport Potash - up 33.7% at .99 after hitting a high of 1.01

SGX Resources

SGX Resources - Ticker - SXR.V .30 close on Feb. 4, 2011
60.7 million shares outstanding

I was going to do a writeup for this one last week, but never got around to it. The stock price has taken quite a hit since it's spin-off from San Gold last year. San Gold has 50% ownership of SGX resources, with SGX Resources the other 50%.
Technically the stock needs to break through .36 for any upside momentum.

Ok, now the nitty gritty. SGX Resources has properties in Timmins. The map below shows those claims, with the exception of the Davidson-Tisdale claim, which was retained by San Gold. San Gold has a joint venture agreement with VG gold which merged with Lexam (Rob McEwen). (I think this agreement needs renewing)

From their website:
SGX Resources Inc. has acquired a number of properties, totaling approximately 3500 hectares along the prolific gold producing belt of Timmins. Ontario. These properties lie along splays or cross-faults of the Porcupine-Destor Fault which is considered to be the controlling structure in the camp.
The company is conducting exploration programs including diamond drilling, on these properties. The company has also recently acquired a large 5000 hectare property 60 kilometers south of Timmins, along the western extension of the Kirkland Lake break. Exploration of this area will commence immediately.

SGX resources released news on Feb. 2, after market closed. I thought something was up with the stock, but volume didn't warrant picking up any shares. This one has been on my watchlist for a while with the intention of taking a stake in the company.

Here's part of today's news
SGX Reports on First Phase of Drilling at Timmins North Deposit

Hugh Wynne, CEO of SGX Resources Inc. (SXR:TSX-V) is pleased to report that exploration drilling from surface has been successful in extending, confirming and adding to the Timmins North (formerly known as Black Pearl) deposit. Drill hole # SGX-10-18 demonstrated both significant grade and width by intersecting 8.2 g/tonne (0.24 oz/ton) over 3.8 meters (12.5 ft) at 150 meters below surface, near the known western limits of the deposit. High grade was also encountered at the extreme west end of the deposit in drill hole #SGX-10-09, cutting 61.8 g/tonne (1.81 oz/ton) over 1 meter (3.3 ft) at 75 meters below surface. The Timmins North gold deposit is owned 50% by San Gold Corporation (SGR: TSX) and 50% by SGX Resources Inc. with SGX being the operator.

See link for rest of drill results.

http://www.sgxresources.com/News-Releases.page

Hugh Wynne is currrently the CEO of SGX. It's a positive for the company because they'll have access to drills as Hugh Wynne is the owner of Wynne Drilling.

I currently hold shares in San Gold, but will be looking to take a position in SGX Resources - SXR.V

SGX Resources Insiders have been buying

http://www.canadianinsider.com/coReport/allTransactions.php?ticker=sxr

Please click the link below to view the Map directly from SGX Resources website. The image I've included below was from San Gold's site prior to the spin off of SGX Resources.

TIMMINS MAP FROM SGX RESOURCES WEBSITE

Click here for more information on SGX Resources.

http://www.sgxresources.com/

Nevada Companies part 2

I haven't had time to do more research on these, but Chief left a comment and I felt it warranted a separate post.

You forgot ABR-V :) Premier just took a PP with them because of the Nevada Porperty. Look at their chart, they have responded the best so far. They have a vein that is about 600meters long. It actually may be far better than I thought it was. Premier seems very interested and is focused on that vein and mentions it in the PP. They are drilling now to see if it extends longer. It is very high grade.

Nevada Mining Companies

In light of the news today that Newmont is buying out Fronteer Gold, I thought it was a good idea to dig for other companies in the same area. Actually, TradingChief mentioned today that we should look to see who else is in the area. ;)

http://tradingchief.com/

There are a few that I was already following but after doing a search came across this article. It's a must read, and gives a quick rundown on 9 companies. See the article at the bottom of this post.
You can skip the one on Fronteer, because they've already been bought out. (Up today $4.07 - 39% gain to close at $14.32..wow!) Congrats Eva!! ;)

The article also goes on to say that there's far more companies in the area but these 9 look promising.

Also, please don't forget that Fronteer Gold has moved past the exploration stage and is in the process of development.

Ok, the companies mentioned in the article

FRG-T - Fronteer Gold - $14.32
MDW-V - Midway Gold - $1.28 up 11% on the day
RPM-V - Rye Patch Gold - .43 - up 3.6%
EVG-V - Evolving Gold - .99
UXG-T - US Gold - $7.12 up 9.37% on the day
ANV-T - Allied Nevada - $28.34 up 5%
GBG-T - Great Basin Gold - $2.65 down 1%
GPD-T - Golden Predator - .80 up 8%
PG-T - Premier Gold Mines - $6.59 up 1%

My comments in addition to the information offered in the article: (see link at end)

MDW - MIDWAY GOLD - 96.5 mil shares os
Note: JV with Barrick
This one announced today that they've begun drilling on their Pan Gold Project, Nevada.
http://www.midwaygold.com/s/NewsReleases.asp?ReportID=441077

The President and COO is Kenneth Brunk Mr. Brunk, who served as Chief Operating Officer of Romarco Minerals, where he led Romarco through the feasibility study on its Haile Gold Mine project. Mr. Brunk's efforts aided in elevating Haile from a prospective exploration effort to a successful world-class mine development project. Previously, as Senior Vice President and Senior Technical Officer at Newmont, Mr. Brunk was responsible for all of the technical functions of the operating, mine planning, metallurgical development, projects, and engineering groups within Newmont.
Read more on MDW management, because they do have an experienced team.
http://www.midwaygold.com/s/Management.asp

Technically (weekly chart) this one broke out at $1.09, but is overbought.
http://stockcharts.com/h-sc/ui?s=MDW.V&p=W&b=5&g=0&id=p79784014837
Major support sits at $1.00, but 1.10 might be a good place to bid.

No insider sells, but there was a grant of options.
http://www.canadianinsider.com/coReport/allTransactions.php?ticker=mdw

Company website:
http://www.midwaygold.com/s/Home.asp

RPM - RYE PATCH - 96.8 mil shares os

I did a quick write up on RPM in Dec. 2010

The President, Mr. Howald is a co-founder of Rye Patch Gold. Prior to joining Rye Patch, he was General Manager of Exploration, United States and Latin America, for Placer Dome Inc.

This is a chart showing the resources that RPM currently has.

RESOURCE TABLE

Insiders have been purchasing the stock, with the last buy on Jan. 14

http://www.canadianinsider.com/coReport/allTransactions.php?ticker=RPM

I had this one, but unfortunately sold it because it just did nothing!
Technically it broke out over .38 so that's your area of support. The weekly chart shows R right where it closed today at .425, and if it can break out over that and the intraday highs of .485, then I think this one could do .62

http://stockcharts.com/h-sc/ui?s=RPM.V&p=W&b=5&g=0&id=p38494081706

EVG.V - EVOLVING GOLD - 127.8 mil shares os

The President, is Quinton Hennigh.
From their website:
Quinton Hennigh is one of the most imaginative and visionary gold exploration geologists in the field. Prior to joining Evolving Gold,Quinton served as Senior Research Geologist with Newmont Mining. He has worked throughout North America, in Europe, Australia, Asia and South America with Newmont Mining, Newcrest Mining and Homestake Mining. He balances the pragmatics of business with bold innovation. He has spent years developing regional concepts for the exploration for buried gold deposits, particularly in Nevada. Quinton comes from a long tradition of gold seekers - his great-great-great grandfather followed the gold rush to Colorado in 1859.
http://www.evolvinggold.com/ourteam/directors.html

The weekly chart shows support at .90 and R at 1.20. If it can get through the 1.20 range then it could head back up to high made last June at the 1.80 - 1.90 range.

Insiders were buying last year and there are no sells
http://www.canadianinsider.com/coReport/allTransactions.php?ticker=EVG

Company Website: http://www.evolvinggold.com/

GPD - GOLDEN PREDATOR - 79 mil shares os

Golden Predator is an interesting one because they're in both the Yukon and Nevada. (I especially like this one) Something you'll notice with the drill results GPD is getting out of their Nevada properties is the higher grade.
GPR is currently drilling in the Yukon, and by the look of their website headlines, they seem to be concentrating in that area.
Of interest:
The Chairman and CEO is William Sheriff who co-founded and served as Director and Chairman of Energy Metals Corporation, formerly a public company listed on the NYSE Arca and the TSX which was acquired by Uranium One for $1.8 billion in 2007. He has previously served on the Board of Directors of Evolving Gold Corp., Quincy Gold Corp., Midway Gold Corp., Eurasian Minerals Inc. and Uranium One Inc.
http://www.goldenpredator.com/management.html

Insiders have been buying, with 1 sell (front street management)
http://www.canadianinsider.com/coReport/allTransactions.php?ticker=gpd

I like GPD because of the weekly and daily chart.

Daily, the stock broke out today when it moved over .75 (use now as stop loss)

http://stockcharts.com/h-sc/ui?s=GPD.TO&p=D&b=5&g=0&id=p65750560704

Weekly, looks more interesting and if it can get over that intraday high of .90, I see a preliminary target of $1.05..maybe more depending on news.

http://stockcharts.com/h-sc/ui?s=GPD.TO&p=W&b=5&g=0&id=p67515793206

GBG - GREAT BASIN GOLD - 414 mil shares os

Great Basin Gold has two emerging mines with a healthy growth production profile; 100,000 oz in 2010, 240,000 oz in 2011 and over 300,000 oz in 2012. With the Hollister and the Burnstone mines targeted capacity at 364,000Au eq oz. per year, significant cash flow will be generated to strengthen the balance sheet and further grow the company.
I like this one because they're already in production. Right now the company is still losing money, and if they can improve their margins and move to profitability then it's a decent longterm hold.

Management:
http://www.greatbasingold.com/index.html?lf=1;pg=8;

No insider selling, but the exercise of options.
http://www.canadianinsider.com/coReport/allTransactions.php?ticker=gbg

Company homepage
http://www.greatbasingold.com/

Technically this one is sitting right at support on the weekly chart.

This is the initial article.

HUNTING FOR GOLD IN NEVADA'S ELEPHANT COUNTRY

FNC - Update, News today

The stock opened today at .62, and closed up 20.6% at .76 after hitting an intraday high of .78

Technically, this will have major resistance at .90, but looking at the weekly chart has a long ways to go. Resistance after .90 is 1.40 then 2.00

FANCAMP CHART (WEEKLY)

Fancamp Proposes IPO for Magpie


Wednesday, February 02, 2011

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 2, 2011) - Fancamp Resources Ltd. (TSX VENTURE:FNC) is pleased to announce it has reached an agreement with its partner, The Sheridan Platinum Group Limited. ("Sheridan") to unlock the value contained in the Magpie Deposits held in the private company The Magpie Mines Inc. ("Magpie") which is owned 48.7% by each of Fancamp and Sheridan, with the balance held by third parties.

Fancamp and Sheridan propose that the "Magpie" property be rolled out into a separate entity through an Initial Public Offering in the first half of 2011. Coincident with an IPO, a reconstituted Board of Directors lead by a new Chief Executive Officer will be formed to manage the transaction and the project operations.

The Magpie Iron-Titanium property, which is 100% owned by Magpie Mines Inc., is located in the North Shore area of the St. Lawrence River, about 130 kilometres (81 miles) north of tidewater and approximately forty kilometres (25 miles) west of Havre St. Pierre in the Province of Quebec. The property itself consists of 99 claims with a total area of 5,316 hectares or 13,291 acres. The Iron-Titanium deposits are evidenced by outcrops in a series of prominent en echelon ridges in a corridor approximately 7.25kms (4.5 miles) long and 600 metres (2000 ft) wide. The ridges stand up to 250 metres (800 feet) above the surrounding country, lending themselves to low cost mining methods.

The Magpie Deposits are among the world's largest undeveloped titaniferous magnetite deposits with a historical non-43-101 compliant resource estimate totalling 1.1 B Tons @ 43% Fe and 11% TiO2 with subsidiary values of chromium and vanadium.

In late 2008, Fancamp and Sheridan completed three diamond drill holes on the Magpie Deposit #2, a 3.52 km (2.2 mile) long section of the Magpie having a non-43-101 compliant historic resource of 912,474,000 tons grading 43.1% Fe and 10.6% TiO2. These holes were drilled from west to east, on two EW profiles, 600 metres (2000 ft) apart. Hole 1 was drilled at a dip of -50 degrees on the southern profile, and intersected massive titaniferous magnetite over 400 metres (1306 ft) in the hole. Holes 2 and 3 were drilled on the northern profile. Hole 2 drilled at a dip of -50 degrees intersected 290 metres (960 ft) of massive titaniferous magnetite. Hole 3, drilled from the same setup, at -70 degrees, intersected 70 metres (230 ft) of massive titaniferous magnetite and was terminated in that mineralization. This is the only section of the deposit with NI 43-101 reserves and consists of about one third of the strike length of Deposit #2.

In a 43-101 compliant report prepared by Genivar LP of Val D'Or, Québec and GeoForbes Services Inc., of Sept-Iles, Québec, dated July 2009, the authors report an indicated resource of 84 M tonnes @ 42.4% Fe, 10.7% TiO2 and 1.6% Cr and an inferred resource of 201 M tonnes of 42.1% Fe, 10.6% TiO2 and 1.5% Cr. This report has been filed on SEDAR and is also available in full on the Fancamp website at:

http://www.fancampexplorationltd.ca/FNC_Magpie.html

see the following link for the full news release with contact information.
http://www.theglobeandmail.com/globe-investor/news-sources/?date=20110202&archive=ccnm&slug=201102020670833001

See my previous post on Fancamp from January 12th when it had abnormal trading volume.

http://tictalker.blogspot.com/2011/01/fancamp-moving-today.html

Bailouts Explained