WESTON, Fla., Oct. 14, 2004 (PRIMEZONE) -- Wall Street News Alert's "stocks to watch" this morning are: Bullion River Gold Corp. (OTCBB:BLRV), Lincare Holdings Inc. (Nasdaq:LNCR), Alvarion Ltd. (Nasdaq:ALVR) and Sonic Corporation (Nasdaq:SONC).
Aggressive investors and traders will want to watch Bullion River Gold Corp. (OTCBB: BLRV) as it continues to pour out good news! Yesterday after the markets closed, the company issued a press release announcing that it has completed the staking of an additional 50 mining claims at its French Gulch Project in northern California.
This could be more good news for investors! According to the press release, with the recently announced lease agreement, covering 27 un-patented and 28 patented claims, the newly staked claims give the company control over approximately 2.3 square miles.
Peter M. Kuhn, the company's President, stated: "Our increased land position gives us even more opportunities in this very interesting high grade vein system around a fully permitted mining operation. Our focus is to start drilling from underground and surface as soon as feasible in order to reach a production decision in early 2005. We are concentrating our efforts on good access underground, while focusing on good communications with all agencies and fulfilling environmental best practices."
Bullion River Gold Corp., through its 100%-owned subsidiary, French Gulch (Nevada) Mining Corp., is advancing toward an underground and surface drilling campaign. An underground drill station will soon be constructed in the old Robillard adit at the Washington mine and will be the platform for an intensive underground drilling program to test the down-dip extension of high-grade ore shoots along two major veins. A surface drilling program is also being designed to test for broader extensions of known veins in the Washington mine area.
Investors will want to watch this one! It was just last week that we reported that the company issued a press release announcing that it has completed two of the three planned drill holes at its Antone Canyon Project in south-central Nevada.
Bullion River, as a member of the Californian Mining Association, is an active, environmental and safety conscious company in all of its operations in California and in Nevada.
The stock closed yesterday at Seventy-Seven 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: Lincare Holdings Inc. (Nasdq:LNCR) up 18.1% on 11.1 million shares traded, Alvarion Ltd. (Nasdaq:ALVR) up 10.8% on 3.9 million shares traded and Sonic Corporation (Nasdaq:SONC) up 4.8% on 1.4 million shares traded.
Commentary:
"Oil prices surged more than $1 on Wednesday as worries over tight heating fuel supplies in the U.S. and Europe this winter countered a previous bout of profit-taking by big-money funds. U.S. light, sweet crude was up $1.13 at $53.64 a barrel, erasing losses from a recent sell-off and bringing prices less than $1 below Tuesday's record peak of $54.45," stated Mario Cardenas in Wall Street News Alert's daily commentary continued at: http://www.WallStreetNewsAlert.com.
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