WESTON, Fla., Feb. 1, 2005 (PRIMEZONE) -- Wall Street News Alert's "stocks to watch" this morning are: Madison Explorations Inc. (Pink Sheets:MDEX), Oracle Corporation (Nasdaq:ORCL), SIRVA, Inc. (NYSE:SIR) and The Gillette Company (NYSE:G).
Aggressive investors and traders should look at Madison Explorations Inc. (Pink Sheets:MDEX) again this morning! Yesterday after the markets closed, the company issued a press release announcing its accomplishments over the past six months.
There was some good news for investors! Among the highlights:
In June 2004, Madison secured the option to take over an advanced diamond exploration program in Southern Saskatchewan at Scout Lake. Madison gained the use of over 10 years of fieldwork in the area including airborne surveys, ground diamond indicator sample results, and research reports.
During the summer months, an extensive ground exploration program confirmed the presence of a large anomaly at Scout Lake.
Investors watch this one as the company's prospects unfold! Exploration highlights included:
Ground Sampling
Regional ground diamond indicator sampling has yielded results similar to those found in the Fort a la Corne area where the diamondiferous Star Kimberlite has been found. Based on the indicators found in the area, the Saskatchewan Geological Survey has named this region as one of two areas for high diamond potential in the Province.
Metal Mobile Ions Survey (MMI)
Madison also collected samples for a MMI study. This involved collecting 96 samples across the property for detailed analysis. SGS Laboratories of Toronto, Canada, analyzed the samples looking for materials that would indicate that a kimberlite formation is present. The materials tested positive for kimberlite indicators with all of the kimberlitic materials being represented in the study.
Ground Magnetics
The Scout Lake Dyke formation was first found by an airborne magnetic program. A ground magnetic survey program over the Scout Lake Dyke confirmed the formation with much better detail, and provided clear drilling targets for the Company.
In addition to the fieldwork at the Scout Lake property, Madison has been active studying several other locations in Southern Saskatchewan.
Madison will begin its 2005 season with a drilling program at Scout Lake. The spring will also see exploration on several of Madison's key targets in Southern Saskatchewan which will include diamond indicator sampling, MMI, additional ground magnetic programs, and drilling.
For more in-depth coverage of Madison Explorations, visit http://216.63.242.254/MDEX0131.htm
Prior to yesterday's press release, the stock closed at Forty Seven 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: Oracle Corporation (Nasdaq:ORCL) up 0.6% on 38.3 million shares traded, SIRVA, Inc. (NYSE:SIR) down 38.4% on 12.2 million shares traded and The Gillette Company (NYSE:G) down 1.7% on 17.7 million shares traded.
Commentary:
"Monday saw a rally at the early afternoon trading session as the good news regarding the Iraq elections, the fall of oil futures to $47 per barrel, and additional merger mania kept the market indexes busy," stated Sonja Rudd in Wall Street News Alert's daily commentary continued at: http://www.WallStreetNewsAlert.com.
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