WESTON, Fla., Sept. 29, 2004 (PRIMEZONE) -- Wall Street News Alert's "stocks to watch" this morning are: Bullion River Gold Corp. (OTCBB:BLRV), Delta Air Lines, Inc. (NYSE:DAL), AK Steel Holding Corporation (NYSE:AKS) and JLG Industries, Inc. (NYSE:JLG).
Aggressive investors and traders will want to watch Bullion River Gold Corp. (OTCBB:BLRV) this morning! Yesterday after the markets closed, the company issued a press release announcing the on-site start of its underground exploration program at the North Fork mine near Alleghany, CA.
This could be more good news for investors! The mine is located 30 miles northeast of Grass Valley in Sierra County, California and is directly adjacent to the producing Original 16 to 1 mine, which produced over 1 million ounces of gold from about 1 million tons, with depths reaching over 3,000 ft.
Bullion River's President Peter M. Kuhn states: "We are very pleased to start this program which consists of the rehabilitation of a 1,800 ft long access tunnel and a 10,000 ft underground Diamond Drill program. This exceptionally high grade, historic gold producer deserves a very serious look for a long time and our expectations are equally high and demanding."
The mine, which produced about 50,000 of gold through 1932 at reported average grades of over 1 oz/ton, stopped production when its sole access collapsed. It was never reopened. Historic sampling on the three underground levels yielded spectacular grades of up to 41 oz/ton with substantial mining widths of up to 45 ft.
Investors will want to watch this one! In other developments, Bullion River continues its drill program at Atone Canyon in Nye County, Nevada after successfully completing its first hole.
The stock closed yesterday at sixty-eight cents a share.
In case you are not familiar with the company: Bullion River Gold Corp. is a mineral exploration company focusing on regions containing gold-silver deposits. The company's primary focus is the Great Basin in the Western United States and the Motherlode belt of California. Bullion River seeks projects that contain or have potential to contain high grades and large tonnage potential. Bullion River will also focus on projects that contain potential for mineralization concealed under post-mineral cover.
Stocks showing interesting activity yesterday at the close of the regular trading day were: Delta Air Lines, Inc. (NYSE:DAL) up 13.6% on 8.2 million shares traded, AK Steel Holding Corporation (NYSE:AKS) up 9.5% on 3.2 million shares traded and JLG Industries, Inc. (NYSE:JLG) up 7.3% on 1.3 million shares traded.
Commentary:
"Oil prices raced to new record highs above $50 on Tuesday, despite a pledge by OPEC producer Saudi Arabia to increase production, as rebel threats against Nigerian oil facilities threatened to inflict further strain on global supplies," stated Mario Cardenas in Wall Street News Alert's daily commentary continued at: http://www.WallStreetNewsAlert.com.
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