Why I like Claude Resources

When Redlake had the big goldrush, there were 3 original mines. The Campbell Mine produced the most gold. It was bought out by Placer Dome, which was bought out by Barrick. So the Campbell mine is now Barrick.

The Dickenson Mine was bought out by Goldcorp and the found the deep gold through their "Goldcorp Challenge".

The 3rd Mine was the Madsen Mine, which was bought by Claude resources and is currently being dewatered, and drilled by CRJ.

I thought it was a good one because they have the Seabee mine which is in operation, and they've been profitable. Figured they would have some income to do exploration on the Red Lake property.

This was the reason I originally bought CRJ, so this latest news on Amisk was icing on the cake.

Heavy Movers Today

VAX-V - Vantex resources now up 50% at .36

RPM-V - Rye Patch Gold up 9.2% at .295

APA-V - Apella Resources up 11.76% at .19

GWG-V - Great Western Minerals up 7.4% at .58

CLQ-V - CDA Lithium up 13.5% at 1.84

Rye Patch Gold

Rye Patch Gold has abnormal trading volume today. This one's been on my watchlist for a while. The company has interesting management, and 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.

The company is exploring for gold in Nevada on the Oreana Trend.
http://www.ryepatchgold.com/s/Projects.asp

See the chart for resource estimates

http://www.ryepatchgold.com/i/pdf/ResourceTable2010.pdf

Wildcat Exploration

Wildcat Exploration (WEL-V) has been stuck in a trading range of .055 up to .08 for months. They have an extensive list of properties, but the most exciting is the property surrounding San Gold's mine in Bissett, Manitoba. They've completed drilling and are waiting for the results.
Wildcat’s Reed Lake Project, in Northern Manitoba, is surrounded by recent volcanogenic massive sulphide (VMS - Copper, Zinc, Gold) and magmatic Nickel-Copper discoveries. In the vicinity of the Reed Lake Project, the area has been the focus of exploration successes at the Discovery Zone on the VMS Ventures Inc. / HudBay property, Rockcliff Resources’ Rail deposit, and Cream Minerals’ Wine deposit. The area has also witnessed renewed interest with the discovery of the significant Lalor deposit by HudBay.
They've moved the drill to the Reed Lake Project and are currently drilling.
The President and CEO is John Knowles. Mr. Knowles has over 25 years experience in senior roles with Canadian and international resource companies. Prior to joining Wildcat in 2007 he was Executive V.P. and CFO of Aur Resources Inc. from 2005 to 2006. He was CFO of Hudson Bay Mining and Smelting Inc. from 1996 to 2005 and, following its acquisition by HudBay Minerals Inc., he was concurrently V.P. and CFO of HudBay until 2005.
Mr. Knowles is currently a director for HudBay Minerals.
I have high expectations for the company in 2011 and have been slowly accumulating the stock from .055 up to .085.

New Picks

Well, it's been a while since I've been able to post here. But, I do have some new picks that I think are worth a second look. At this point most stocks have had decent gains, so the perfect strategy would be to buy an initial position, and add to it on weakness at support, or at resistance if it breaks out.

I really like MVIS - Microvision. This is a U.S. company that makes a Pico Laser display unit. A good entry for this one would be at 2.50 - 2.60 but not so sure it'll correct to that point.

RMX - Rubicon Minerals has large property land claims in the Red Lake area. They have enough cash to explore and prove up resources.

lastly, a high flyer. SGX - Sage Gold has been the "dog of the year!". But I've noticed something very odd recently. The stock is stuck in the .06 - .07 cent range, and trades about 1/10th the price of KXL - Kodiak. So if Kodiak is at .60 cents, then Sage will be at .06. What's been happening is most of the sells appear to be coming from retail investor accounts and the buys have been larger brokerages, but still in small enough quantities. Raymond James, Canaccord and Dundee have been "dipping in their toes". LOL. They've also begun their summer drill program. It's worth a shot at this price.

Good luck

Movers

Well, it seems APH-V is stuck, but these movers warrant a 2nd post today.
MMU-V - Marum Resources has a Joint venture with San Gold in the Rice Lake area. Had a good rise today, so possibly wait for a pullback. This one went up on unusual volume.
CMM-V - Century Mining also had unusual volume today, with increase in stock price.
WTM-T - West Timmins Mining and LSG-T - Lakeshore Gold both looking strong today.

Pick of the day

Well, I haven't had much to say these past few days. Golds are still looking good and I would continue to hold even during wild up/down swings.
Pre-market, V-APH - Alda Pharmaceuticals is looking to gap up and if it can break over .26 would be a bullish sign because the stock has a symmetrical triangle pattern.
I'm still bullish on San Gold, and would like to add another stock that's on my watchlist but I don't yet own. CRJ-T - Claude Resources. This company has a mine that's in production in Saskatchewan, which generates low revenues. What makes this one so attractive are their Red Lake mine property. It's the old Madsen mine and is currently being developed, with deeper drilling in the area. Keep an eye on this one. The stock has support at .70 and resistance at .85 and is currently trading on fairly low volume. Watch for any spike in volume and a move over .80 cents.

Good luck!