Mid-Week Mining Penny Stocks - Spartan Gold
Company looking to commence drilling
Carson City 6/08/2011 01:30 PM GMT (TransWorldNews)
Carson City, NV– Spartan Gold Limited (OTC BB: SPAG), is a U.S.-based junior gold mining company engaged in the exploration, development, and production of minerals properties. The company intends to increase production gold at its various mining sites.
Based in Scottsdale, Arizona, the Company primarily explores for gold, silver, and other precious mineral resources. The Company holds options to acquire mineral concession rights in the Poker Flats gold prospect located in the Carlin-Rain region, and the Ziggurat gold prospect located in the Round Mountain-Northumberland Mining District, both in Nevada. In addition, it also owns the mineral rights to a gold prospect located in the northeast region of Alabama in the historical Arbacoochee Mining District.
The Company is currently focused on commencing drilling activities at its three mining prospects and exploring additional acquisition opportunities Based on management estimates, the Company’s total gold reserves are estimated at over 4.1 million ounces.
In addition to gold, these properties are also expected to hold silver and other precious metal deposits. Based on estimated long term future prices of these precious metals, estimated cost of extraction and production, the total value of these reserves is forecasted in excess of $1.5 billion. SPAG has raised the necessary initial capital to initiate drilling activities at its current asset base
As anticipated, 2010 was an outstanding year for gold. Driven by the revival of the Indian market and strong momentum in Chinese market, demand for gold in 2010 reached a 10-year high of 3,812.2 tonnes, a year-on-year increase of 9.0%.
Stocks to Watch: SPARTAN GOLD LTD (OTCBB:SPAG), Intel Corporation (NASDAQ:INTC), Dell Inc. (NASDAQ:DELL), Jammin Java Corp. (OTC:JAMN), JAVALUTION COFFEE CO (PINK:JCOF), Advanced Cell Technology Inc. (OTC:ACTC), Brinx Resources Ltd (PINK:BNXR), Garb-Oil & Power Corporation (PINK:GARB)
Todays Focus Stock: OTCBB:SPAG
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Other Stocks to Watch:
Intel Corporation (NASDAQ:INTC)
Intel Corporation is a semiconductor chip maker company. The Company develops advanced integrated digital technology products, primarily integrated circuits, for industries, such as computing and communications
Dell Inc. (NASDAQ:DELL)
Dell Inc. (Dell), Dell Inc. (Dell) is a technology company that offers a range of technology product categories, including mobility products, desktop personal computers (PCs), software and peripherals, servers and networking products, storage and services.
Jammin Java Corp. (OTC:JAMN)
Jammin Java Corp. (Jammin Java), formerly Marley Coffee Inc., is a development-stage company. The Company is engaged in coffee distribution business
JAVALUTION COFFEE CO (PINK:JCOF)
Javalution Coffee Company is a fully vertical coffee roasting and distribution company, owner of the Direct Marketing Brand JavaFit, and the retail brand Café La Rica, as well as the category creator of functional gourmet coffee
Advanced Cell Technology Inc. (OTC:ACTC)
Advanced Cell Technology, Inc. is a biotechnology company focused on developing and commercializing human embryonic and adult stem cell technology in the emerging field of regenerative medicine
Brinx Resources Ltd (PINK:BNXR)
Brinx Resources Ltd., an independent oil and gas company, engages in the exploration, development, and production of oil and natural gas properties in Oklahoma, Mississippi, and California
Garb-Oil & Power Corporation (PINK:GARB)
Garb-Oil & Power Corp. provides products and consulting services to the recycling industry. The company offers rotary shears, granulators, and recycling plants, as well as accessories
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With the gold price soaring, many investors are looking to gold stocks as a solid investment. Many feel a strong alternative to an actual gold investment, at these gold prices is investing in gold mining stocks. Junior gold mining stocks are a great way to enter the gold market when investing in gold stocks. So instead of buying actual gold think gold mining stocks instead.
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