Bullish Outlook on Precious Metals as Gold Soars on Dramatic Fed Rate Cuts Builds Momentum for InvestorIdeas com Online Conference
Released on: September 20, 2007, 11:32 am
Press Release Author: InvestorIdeas.com
Industry: Financial
Press Release Summary: Canstar Resources Inc. (TSX.V: ROX), Geodex Minerals Ltd (TSX.V: GXM), Merit Mining Corporation (TSX.V: MEM), and Planet Exploration (TSX.V: PXI) Add to Growing list of Presenters
Press Release Body: POINT ROBERTS, WA and DELTA, BC - September 20th, 2007, www.InvestorIdeas.com, and its mining portals welcomes Canstar Resources Inc. (TSX.V: ROX), Geodex Minerals Ltd. (TSX.V: GXM), Merit Mining Corporation's (TSX.V: MEM), and Planet Exploration (TSX.V: PXI) to its growing list of companies presenting at the online "Mining for Money" investor event. The upcoming audio event is scheduled for September 26th and will showcase more than 16 public mining and resource companies and 6 industry experts to include Peter Grandich, Adrian Day, Eric Coffin, Jon Nadler and more.
The Federal Reserve's aggressive move on Tuesday, cutting both the fed and the discount rates by 50 basis points led to a stock market rally and saw gold futures reach a 28-year high of $735.50 an ounce. Lower interest rates, the weak dollar and inflation concerns are expected to drive investors towards safe haven investments such as precious metals.
The upcoming 'Mining for Money' conference will provide investors with a valuable tool for understanding trends and opportunities within the mining and resource sector. The format for the online conference will consist of audio and visual presentations averaging 15-20 minutes in length. Free registration is offered at: http://www.investorideas.com/forums/Register.aspx
Recent Additions Include:
ˇ Canstar Resources Inc. (TSX.V: ROX) is a Canadian mineral exploration and development company focused on gold and base metal deposits. The Company's two primary properties are the Mary March property in the Buchans area of Newfoundland and the McFaulds Lake Project in Northern Ontario. The Mary March property is on option from Phelps Dodge Corporation in partnership with Xstrata, and covers a high-grade copper-lead-zinc VMS deposit containing significant gold and silver. Drilling on the property has produced one of the highest grade intersections ever achieved outside of the nearby Buchans Deposit, averaging 10.33 % zinc, 7.56% lead, .33% copper, 4.1 g/t gold and 118.1 g/t silver over 9.23 meters. The McFaulds Lake Projects are generating significant interest owing to their proximity to a new, high-grade, copper-nickel discovery by Noront Resources Inc. The Company also maintains a 75% interest in the Slate Bay copper-gold property in the Red Lake area of Northwestern Ontario. www.canstarresources.com
ˇ Geodex Minerals ltd (TSX.V: GXM) is a Canadian based resource company with a focus on the exploration and development of specialty metal deposits in New Brunswick. The Company's flagship property is Sisson Brook which contains a large open-pittable tungsten/molybdenum deposit. Geodex is also considered the world's largest land holder of premium indium exploration properties due to the ownership of their second property, the rich Mount Pleasant Camp. Located north of Fredericton, the Sisson Brook deposit is advancing to economic and development steps in 2007. A program of 7,500 metres of drilling was completed in 2006 which greatly expanded the zone in all directions and is used in a 43-101-compliant inferred resource calculation. The Company believes the size of the deposit, which is right at surface, is beyond what is required for a mine. www.geodexminerals.org
ˇ Merit Mining Corporation's (TSX.V: MEM) objective is to become a mid tier producer of 250,000 ounces of gold equivalent within the next 3 to 5 years by developing its Greenwood and J&L projects to production combined with another acquisition. Merit is now financed to develop its Greenwood Gold Project ($15m) to production, to advance its J&L polymetallic project (gold-silver-zinc-lead) to feasibility stage ($10.8m) and to make further acquisitions. Merit's short term goal is to develop its project at Greenwood to production by the second quarter of 2008 at 30,000 ounces of gold equivalent in the first full year of production and 50,000 ounces thereafter. The Company's short term goal with its J&L project is to complete a major underground drilling and development program combined with environmental and pre-feasibility work leading to a feasibility study aimed at a production rate of 150,000 ounces of gold equivalent per year. www.meritminingcorp.com
ˇ Planet Exploration (TSX.V: PXI) is an emerging international minerals exploration company based in Calgary, Canada. The Company has strategic properties and active exploration in some of the world\'s most prolific gold regions, with the Red Lake area being the current focus of our attentions. Planet Exploration is currently involved in a joint venture with Goldcorp Red Lake Mines, a division of Goldcorp Inc., one of the most progressive gold mining companies in the world. The Planet Exploration/Goldcorp joint venture owns 100% of the Sidace Lake property. Goldcorp has a 60% share of ownership of the property, and as such they fund 60% of the drilling. Goldcorp also owns 15% of the outstanding shares of Planet Exploration. The Sidace Lake property has two significant discoveries, the Main Discovery Zone (MDZ) and the Upper Duck Zone (UDZ). Significant results of 11.66 grams per tonne gold over 18.00 metres from the MDZ in hold RL-06-112 and 36.46 grams per tonne gold over 3.60m in the UDZ shows the robustness of these deposits and why Goldcorp, one of the premier gold producers, has joint ventured with Planet Exploration. www.planetexploration.net
Industry Experts Include: Peter Grandich, Founder, Grandich Publications, LLC; Eric Coffin, HRA (Hard Rock Analyst) Advisories; Adrian Day, President, Adrian Day Asset Management; Jon Nadler, Senior Analyst, Kitco Inc.; Lawrence Roulston, Resource Opportunities; Martha Buckwalter-Davis, Research Associate, Mining & Energy, Fundamental Research Corp.
Conference Sponsor: Resource World Magazine - reports on the business of Mining, Oil & Gas and Alternative Energy.
Media Sponsors: U3O8.biz - a leading provider of business news, financial information and analytical tools on the uranium market; The Small-Cap Conference Series - designed to present investors with real companies generating real earnings.
For full details on conference participants visit: http://www.investorideas.com/forums/Portals/resources2.aspx
About our Mining Portals:
www.Gold-MiningStocks.com and www.MiningSectorStocks.com, portals within the InvestorIdeas.comŽ content umbrella, do not make recommendations, but feature industry and stock news, exclusive articles and financial columnists, audio interviews and podcasts, investor conferences, blogs, and a directory of stocks in the sector. Industry participants are invited to submit news, articles and research: http://www.gold-miningstocks.com/NewsUploader/Submission.aspx
Conference Disclaimer: InvestorIdeas.com is paid a one-time fee of $1000, by participating public companies (groups of multiple presenters may be discounted). All descriptions are provided by participants. All companies agree to adhere to regulatory policies.
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For Additional Information on Participating in this Upcoming Online Conference Please Contact:
Dawn Van Zant: 800-665-0411 - dvanzant@investorideas.com
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