WESTON, Fla., Dec. 14, 2004 (PRIMEZONE) -- Wall Street News Alert's "stocks to watch" this morning are: Madison Explorations Inc. (Pink Sheets:MDEX), Z-Tel Technologies, Inc. (Nasdaq:ZTLDC), MediaBay Inc. (Nasdaq:MBAY) and palmOne, Inc. (Nasdaq:PLMO).
Aggressive investors and traders should look at Madison Explorations Inc. (Pink Sheets:MDEX) this morning! Yesterday, the company issued a press release announcing the past indicator results at their Bronco Exploration Target.
This could be great news for investors! The Bronco target lies within a diamond potential region, as identified by the Saskatchewan Geological Survey. Detailed heavy mineral analysis was conducted over the Bronco target in each square mile of the property. Areas suspected of fluvial action were not included in the survey, therefore most samples were taken on side banks or flat ridges.
Investors watch this one as the company's prospects unfold! About 69% of garnets tested are G9 pyropes of peridotitic origin, and single G11 garnet was also found. The garnets ranged in composition from 4 -- 7% calcium oxide and from 1 -- 5 % chromium oxide.
The chromium diopside indicators average about 22% calcium oxide and 1.5% chromium oxide mostly within the preferred composition field for this mineral. The chrome content ranges from 0 -- 4.5%, again within the preferred composition range. The grain counts have been normalized to 30kg samples.
Interpretation of these favorable results will lead to additional exploration in the area. Further results and recent research for this area is available at http://www.madisonexploration.com/
For more in-depth coverage of Madison Explorations, visit http://216.63.242.254/MDEX1214.htm
The stock closed yesterday at around Forty cents a share.
In case you are not familiar with the company: Madison Explorations, Inc. is a progressive mineral exploration company focusing on the discovery of diamonds. The Company has a portfolio of three highly prospective diamond properties located in one of Canada's newest diamond exploration regions in Southern Saskatchewan.
Stocks showing interesting activity yesterday at the close of the regular trading day were: Z-Tel Technologies, Inc. (Nasdaq:ZTLDC) up 64.7% on 2.5 million shares traded, MediaBay Inc. (Nasdaq:MBAY) up 12.7% on 3 million shares traded and palmOne, Inc. (Nasdaq:PLMO) up 12.4% on 10.8 million shares traded.
Commentary:
"The Federal Reserve meets this week and experts widely expect to see another increase to 2.25% after the Tuesday pow-wow. It seems that the economic reports continue to be stronger and stronger and there is concerns regarding inflation. However, rates at banks on savings accounts and CD's are still lagging, not surprised here," stated Sonja Rudd in Wall Street News Alert's daily commentary continued at: http://www.WallStreetNewsAlert.com.
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