Search the web
Sign In
New User? Sign Up
Personalize News Home Page
Yahoo! News   Friday August 12, 2005
Search for    Advanced
News Home
Top Stories
U.S. National
Business
   Economy
   Stock Markets
   Earnings
   Personal Finance
   Industries
   Commentary
Press Releases
Most Popular
World
Entertainment
Sports
Technology
Politics
Science
Health
Oddly Enough
Op/Ed
Local
Comics
News Photos
Most Popular
Weather
Audio/Video
Full Coverage

News Resources
Providers
· PRWEB
Services
·News Alerts

News via RSS
Business News
Business
Stocks
U.S. Economy
Earnings
Commentary
Personal Finance

More Business | All Feeds
 
Press Release - CT Global Media
Gold Fever - Can Azco Mining Capture U.S. Gold's Midas Touch?
August 12, 2005 8:00 AM ET


U.S. Gold Corp USGL stunned the investment world this month as its shares soared 625% since July 25, 2005 following a knockout one two punch of heavyweight investments that have literally knocked USGL out of the ball park in one of the most spectacular performances by any Gold related issue since the heady days of the last Gold boom.

Phoenix, AZ (PRWEB) August 12, 2005 -- Gold Fever is back: As the yellow metal soars on the back of record Crude Oil prices with Thursday August 11, 2005, Gold reaching an important milestone, surpassing $450 in the December 2005 Active Futures Contracts and Gold in the long term future is already trading at a huge premium 4 years out at $532 in the Dec 2009 Contract.

Part of the reason for US Gold's rise - USGL - Its only asset is its Tonkin Springs property, a 37 Square Mile area, but this is estimated to contain a 1.4 Million ounce inferred gold resource. An inferred resource is a mineral find based on a few drill holes.

In contrast, Azco Mining - AZMN - has proven assets which include a 90 Square Mile, 57,392 acre resource in New Mexico said to hold 2 Million Ounces of contained Gold with a 1.03 Million Ounce open pit deposit and a 7 Square Mile Mica and Feldspathic Sand deposit that contains an estimated 88 Million tons of Ore and a proven reserve of over 4 Million tons. Azco's Gold property has hundreds of drill holes comprising over 369,000 feet of drilling and as a consequence, historically, mines on this property have already yielded 350,000 ounces of Gold.

A common vein shared by AZMN and USGL is that both companies have at their helm, seasoned executives of extraordinary reputation and talent in the mining industry who also, just so happen to be, the company's major shareholders respectively.

This is an incredibly positive statement of faith and commitment that will most certainly not be overlooked by investors as they assess a global economy, which has an ever increasing demand for Gold in a world with steadily diminishing supply.

In a recent interview Dr. Pierce Carson CEO of Azco Mining stated, "Out of the one million ounce deposit, we can expect over $100 million as a bottom line profit number."

Industry titan Barchart.com generated an unusually positive technical analysis based on 13 key technical indicators earlier this week which reflected their opinion of a 100% BUY rating for shares of AZMN. A copy of this analysis is available at http://cfrn.net.

Christian Financial Radio Network
CFRN - http://cfrn.net - originally developed and produced for the niche market of Christian investors, has surprised industry insiders by attracting a worldwide audience of loyal listeners from all walks of life ranging from individual investors to fund managers. Listeners are drawn by the dynamic blend of popular contemporary Christian music, live market updates, corporate interviews, hourly spiritual encouragement, and strong conservative perspective. CFRN has forged a strategic relationship with The Hunger Site, and has set a goal of eradicating world hunger. Think it's impossible? Visit http://cfrn.net to learn how you can help without spending a dime.

Continuing Investigation
The CT research team continues to follow the ongoing investigation by the SEC into CMKM Diamonds Inc (CMKX). The most recent development in this ongoing saga was the 8-K filing which can be viewed at Edgar Online.

Disclaimer: Christian Traders does not accept cash, stock, warrants, or promises thereof, to select or profile any company. CT brings new meaning to the term - "Investor Relations." He actually works for you, the investor, broker, or fund manager.

# # #
 

 

 

 

 

Mail to Friend  Email Story
Message Boards   Post/Read Msgs
Printer Version   Print Story  
Ratings: Would you recommend this story?
Not at all 1 - 2 - 3 - 4 - 5 Highly

Special Feature

Ringing the Alarm
The next battlefield for hackers and thieves


Next Story: Direct-Mail DVD Subscribers Top 12% of US Internet Households, Offer Insight into Emerging "Digitally Inclined" Consumers (PR Web)

More Business - Press Releases Stories
· Direct-Mail DVD Subscribers Top 12% of US Internet Households, Offer Insight into Emerging "Digitally Inclined" Consumers  (PR Web)
· Report Quantifies Web Presence of Research, Media and Technology Organizations  (PR Web)
· "Living for a Cure®" Pouch Bag, Filed with Lots of Free Information to Educate You about HIV/AIDS in our Community, Schools, and Workplace  (PR Web)
· Full Tilt Poker Announces Free Weekly Email Lessons to Compliment Your Online Poker Learning Experience  (PR Web)
· Power & Telephone Supply Company to Distribute Coaxsys" TVNET to Telco Customers  (PR Web)

Sponsored Links
  • Incredible Ford Ranger Prices
    Why pay retail on a new Ford Ranger when our dealer network offers dealer cost? Let certified auto dealers compete for your business and save thousands of dollars.
    www.whypaysticker.com
  • Ford Ranger: The Secret Price Quote
    CarPriceSecrets.com will save you money on your new Ranger. Use our quick and simple form. Get a free price quote today without even leaving your desk.
    www.carpricesecrets.com
  • Price Range: Compare and Save
    Get an amazing price quote on a Ford Ranger. Use NewCars.com to compare new car models and get new car price quotes.
    www.newcars.com


Business Education
Online MBA programs
Browse All Business Programs
from Yahoo! Education


Like journalism? Check out job openings in Yahoo! News.

Copyright © 2005 PR Web
Copyright © 2005 Yahoo! Inc. All rights reserved.
Questions or Comments
Privacy Policy -Terms of Service - Copyright/IP Policy - Ad Feedback