geologyman75's Profile
geologyman75's Posts
On the 40th Anniversary Of Nixon closing the Gold Window, I see Goldstrike Resources was up about 25 percent on 3 times their normal volume. No news on today from the company. The Yukon seems to be heating up!
I may still add more to my PEX.V. Right now below is my top four of my Yukon holdings starting with my largest holding:
1.) Goldstrike Resources
2.) Wolverine Minerals
3.) Pacific Ridge Exploration
4.) Argus Metal Corp.
VANCOUVER, BRITISH COLUMBIA, Aug 11, 2011 (MARKETWIRE via COMTEX) -- Argus Metals Corp. (the "Company" or "Argus") CA:AML 0.00% , reports that the $CDN 1.7 million diamond drilling program on the Hyland Gold Project, located in the Selwyn Basin, Yukon Territory is underway with 3 drill holes currently in for assay as drilling continues on the SE Zone. Assays will be reported as they are received.
President Michael Collins comments, "Argus is pleased with the progress at the Hyland project to date; with a new structural model, focused exploration of historic anomalies and development of new targets on a daily basis. We are confident that we have the tools to address the full potential of the 24km strike length of the Quartz Lake Fault and the look alike IKE and TINA project."
Current drilling is testing the new structural interpretation of the mineralization in the Main Zone, a new conductor identified in this summer's Abitibi TEM geophysical survey, and is currently focused on the SE Zone soil anomaly target. Upon completion of this first phase of drilling at the SE Zone, the drill will be moved to test the newly identified THAS Zone. Further drilling this season includes the untested historic CUZ zone and the newly identified CUZ SUR targets.
The regional program in the Yukon continues to advance while assay results are pending with over 1800 soil samples and 185 stream sediment samples collected to date. The Company is using XRF technology to advance the delineation of soil and stream anomalies as an effective use of newer technology to advance subsequent targets quickly. An infill sampling program is being effected midseason to map out potential drill programs for the early fall.
Paul D. Gray, P.Geo. is the Company's Qualified Person with respect to the Hyland Gold Project and has reviewed and approved this press release.
ON BEHALF OF THE BOARD OF DIRECTORS
Michael Collins, President and CEO
PEX.V is once again at a lower market cap after the recent market sell off. I went in yesterday and today and established a full position in the stock. The latest news release shows potential of an early discovery in my biased opinion as a shareholder. The CEO describes the company as one year behind Kaminak Gold Corp:
http://resourceclips.com/2011/07/30/pacific-ridge-president-john-brock-on-yukon-gold-assays-of-2-44-gt-over-38-9m/
Thanks for your ideas FANTOMAS! You asked about which companies did I end up investing in.
I picked up shares of Wolverine and Goldstrike. I really liked their very large land packages and agressive exploration this season at various stages depending on the properties. Still have some cash to deploy later in the week.
Over the past two weeks, I have sold my positions in 3 larger cap Yukon gold explorers that have run up in terms of price. As such, I sit on cash that I want to redeploy this coming week between Tuesday and Friday. I am seeking VALUE plays in the Yukon with market caps if possible all below 100 million dollars. I am also seeking companies that are drilling this season. Would love to get input from the message board community on 2 to 3 stocks other than the ones I own that you feel are undervalued compared to their peers and why. Thanks!
I am invested in Taku Gold, Argus Metal Corp., Ryan Gold, Arcus Development Group, and Silver Quest Resources.