WESTON, Fla., Nov. 4, 2004 (PRIMEZONE) -- Wall Street News Alert's "stocks to watch" this morning are: Bullion River Gold Corp. (OTCBB:BLRV), QUALCOMM, Inc. (Nasdaq:QCOM), Research In Motion Ltd. (Nasdaq:RIMM) and Time Warner Inc. (NYSE:TWX).
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 that a geophysical program is underway on its 100%-owned Wenban Spring property, 6 miles southwest of the Cortez Hills gold deposit in central Nevada.
This could be more good news for investors! The program is aimed at identifying buried faults and estimating the thickness of post-mineral alluvial cover across the 7.25 square-mile property.
According to the press release, the recently-discovered, world-class Cortez Hills deposit area, currently being explored by the Cortez Joint venture (Placer Dome Inc. 60% and Rio Tinto's subsidiary Kennecott 40%), contains a preliminary reserve of 8.66 million ounces of gold in 85 million tons grading .102 opt Au (3.5 g/t) and is also covered by post-mineral alluvium. The Wenban Spring project encompasses a range-front area coinciding with the intersection of north-northwest and easterly-trending fault zones, trends known to be important in localizing gold deposits in the Cortez region. Bullion River Gold plans to define drill targets using the results of the geophysical survey and other data and will initiate the permitting process for the drilling as soon as possible. A drilling campaign will begin as early as permits are received.
Bullion River's Vice President of Exploration, Dr. Jacob Margolis, states: "We are excited to be part of what has become the most energetic exploration frontier in Nevada, if not North America. The geological structures at Wenban Spring are very prospective, particularly when compared to the geology at the nearby Cortez Hills and Pipeline deposits, which combined have over 20 million ounces of gold in reserve. The geophysics will provide us with an important framework to begin our drilling program on the property."
Investors will want to watch this one! It was just recently that it started its initial drill program to test the strike and depth extension of the silver and gold structures at its Corcoran Canyon project, which is located about 14 miles to the east of Barrick's and Kinross's Round Mountain Mine in Nevada.
The stock closed yesterday at ninety-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: QUALCOMM, Inc. (Nasdaq:QCOM) down 2.4% on 26.9 million shares traded, Research In Motion Ltd. (Nasdaq:RIMM) down 10% on 22 million shares traded and Time Warner Inc. (NYSE:TWX) up 1.9% on 22.5 million shares traded.
Commentary:
"FedEx Corp. is planning on an increase in the trans-Atlantic business by an estimated 20 percent. The company is buying planes and adding support structures to its Germany operations, as well as France and Britain," stated Sonja Rudd in Wall Street News Alert's daily commentary continued at: http://www.WallStreetNewsAlert.com.
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