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The BMR Portfolio (2nd of 2 Parts)

GoldQuest Mining (GQC, TSX-V)

GoldQuest enjoyed a solid week on improved volume, climbing 2 pennies to close at 26 cents…it traded as high as 29 cents Thursday and Friday…the 10-day moving average has swung positive and provides support at 24 cents, while the 20-day SMA is at 25 cents and could reverse to the upside this coming week after being in a slight decline recently…GQC is one of our favorites with an outstanding portfolio of Gold projects in the Dominican Republic including Las Tres Palmas and Las Animas…the company also holds the Toral Silver-Lead-Zinc Project in northwest Spain with an historical (non-compliant) estimate of 5.4 million tonnes grading 9% zinc, 6% lead and 45 g/t Ag…a 43-101 is currently being prepared on Toral in addition to Las Tres Palmas…Las Tres Palmas is an exceptional target as demonstrated by new drill results released this past summer which included 26 metres grading 11.4 g/t Au in LTP-39 and 53 metres of 3 g/t Au in LTP-41 from the Escandalosa Zone…the results extended the known mineralization at Escandalosa to the northeast and south where it remains open in both directions…the Gold occurs as a flat-lying stratiform zone at shallow depth with mineralization interpreted to be part of a larger intermediate sulphidation replacement-style system which has now been defined intermittently over a strike length of 2,100 metres…Las Tres Palmas is part of the company’s San Juan Project which was discovered by GoldQuest geologists during the Gold Fields-funded regional exploration program in an area believed to have no previous history of mining or exploration…based on results to date, additional drilling at Las Tres Palmas could give GoldQuest a deposit of a million ounces or more at this property…that is clearly the potential…the initial 43-101 is expected to fall considerably short of that mark with only 42 holes drilled so far but the 43-101 will add fundamental value to the company and provide a base to build on…GoldQuest is in the process of organizing its exploration plans for its various DR properties including Las Tres Palmas…we expect by January at the latest GQC will be in the midst of a major new drill program in the DR…GoldQuest is up 33% since we added it to the BMR Portfolio in late September…in mid-2007, when the CDNX was trading above 3000, GoldQuest ran to an all-time high of $1.80 for a market cap of about $100 million…the company has much more going for it now in the DR, and has also since built a strong presence in Spain with a polymetallic project at Toral that definitely has production potential, so the possibilities for GQC going into a very hot market in 2011 are incredibly exciting to say the least…

Sidon International (SD, TSX-V)

Increased volume came into Sidon last week as nearly 6 million shares changed hands on the CDNX though the price remained in a tight range between 9.5 and 10.5 cents, closing down half a penny for the week at a dime…it appears the stock has bottomed out in this area and is ready to move higher on news, whenever that may be…we remain very bullish on the prospects for Sidon though the company seems to be holding its cards close to its chest at the moment…we fully expect that Sidon’s Morogoro East Gold Property in eastern Tanzania will generate major interest in the coming months…it also wouldn’t surprise us if Sidon picks up additional land packages in Tanzania…the share price is underpinned by rising long-term moving averages (100, 200 and 300-day SMA’s) which confirms the outlook remains very positive…Sidon is up 100% since we uncovered this diamond-in-the-rough for BMR readers last spring…

Seafield Resources (SFF, TSX-V)

Seafield was off a penny for the week at 20.5 cents and volume has consistently declined over the past 2 weeks…based on our interview with President and CEO Tony Roodenburg recently, we expect a Quinchia exploration update very soon from Seafield…no assay results have yet been reported from Miraflores where drilling started over 4 months ago…the goal is to increase the 43-101 compliant resource at Miraflores by approximately 25% to 1 million ounces…Seafield’s best prospect at Quinchia is Dos Quebradas…historical drill results as well as recent geophysical and soil sampling work by Seafield suggest Dos Quebradas is a highly prospective porphyry-style target that holds major discovery potential…Seafield’s third property at Quinchia is Chuscal but the company is still waiting for Colombian government sign-off on that deal (expected in the near future)…with a market cap of only $20 million, the risk-reward ratio with this play right now appears to be very favorable…Roodenburg stated the company also has plans for its Picachos silver-Gold Property in Mexico…Seafield’s other asset is its Elora Gold Property near Dryden, Ontario, which previously has delivered very promising results…Seafield is up 242% since we introduced it to BMR readers in the summer of last year…we see strong fundamental value with SFF…

Excel Gold Mining (EGM, TSX-V)

Excel is holding its AGM Tuesday, November 9, and we’ll be paying close attention to that for confirmation of Frank Basa’s role in the company…Basa came on board recently as a director…Excel has tremendous potential but the company is seriously lacking leadership at the moment, something Basa could provide in an instant…the company seems to have lost some of the momentum it had built over the summer but that could be quickly regained if the right steps are taken…Excel closed at 14.5 cents Friday, a loss of 1.5 cents for the week…the company recently finalized a $763,000 flow-through financing and a 4,000 metre drill program has started at its Montauban Mining Camp Project, 120 kilometres west of Quebec City…drill targets were selected based on information provided by the most extensive historical compilation of geological data (including over 900 drill holes) ever assembled on Montauban which is a former Gold, silver and base metals producer…Excel is down 1.5 cents since we added it to the BMR Portfolio early last month…

Colombian Mines (CMJ, TSX-V)

Colombian was unchanged for the week at 80 cents on low volume…for about 7 weeks now the stock has traded in a tight range between its 100-day SMA and its 200-day SMA…our expectation, based on technical and fundamental factors, is that CMJ will ultimately overcome resistance at 95 cents and take off to the upside…traders should be watching this one closely for if and when CMJ gets through 95 cents, its move will likely accelerate rapidly just based on technical factors…on October 13 the company reported assay results for 7 more holes at its Yarumalito Property with the best result being a 151 metre section in porphyry from YAR-24 grading 0.64 g/t Au…YAR-14 returned 95.5 metres of 0.70 g/t Au…Yarumalito continues to show promise but these are still early days and much more drilling is required…CMJ is one of the best positioned companies in Colombia with a history in that country and a large package of properties…the stock is up 25% since our introduction of it late last year (it was up as much as 170% at $1.62 in March)…

The BMR Portfolio (1st of 2 parts)

Gold Bullion Development (GBB, TSX-V)

Gold Bullion revealed on its web site last week that a 50,000 metre Phase 3 drill program is now underway at the Granada Gold Property and “the company looks forward to providing a detailed update in the near future as this large project continues to advance”…based on that encouraging news and statement, and the fact there hasn’t been an exploration update on Granada since mid-September, it’s almost certain we’ve witnessed the lull before the storm and investors could get hit with a barrage of results and information this month and over the final 8 weeks of the year…some impatient and faithless GBB investors who also didn’t do their homework may have jumped ship in recent weeks, thinking this was a hyped-up story and Hole #17 was a 1-shot wonder in the Eastern Extension…at BMR we’re as bullish as ever on the LONG Bars Zone which we’re convinced is shaping up to be northwestern Quebec’s next major open-pit Gold deposit…after 3 site visits and exhaustive research, in addition to very encouraging and detailed information in GBB’s news releases over the summer regarding visuals of core from numerous holes, we’re extremely confident in stating that the best is yet to come from Granada…yes, we’re more than happy to continue to put our reputation on the line with this property because we believe in it wholeheartedly and the geological evidence is so powerful for the potential of a multi-million ounce near-surface deposit…Gold Bullion has an immense amount of work ahead of it – 200,000 or more metres of drilling is not inconceivable given the size of the LONG Bars Zone (including LONG Bars Zone 2) – but Frank Basa and GENIVAR are up to it…Gold Bullion is thinking ahead, thinking confidently and thinking big, as evidenced by the fact the company launched a Baseline Environmental Study in September…GBB had a quiet week, down 4 cents to finish at 59 cents which represents a 743% gain since we first introduced the company to BMR readers last December…

Adventure Gold (AGE, TSX-V)

We first mentioned Adventure Gold to our readers in an article September 29 when the stock was trading in the low 20′s and just a couple of days after the company announced it had acquired a small but strategic land position at Granada…we officially added it to the BMR Portfolio at 34 cents October 28…AGE closed Friday at 38.5 cents, down a penny for the week…the company came out with some news Friday morning, announcing it has added Michael Williams to its board of directors…Williams definitely strengthens the AGE board as he has a solid business, financial and PR background…he’s currently President of Full Metal Minerals (FMM, TSX-V) and former Chairman and founder of Underworld Resources which was taken over by Kinross…Adventure Gold has been around for only 3 years (the stock is in new all-time high territory) and we are impressed by the company’s strong portfolio of properties (19 in 6 strategic areas in Quebec and Ontario) including its recently announced partnership with Agnico-Eagle (AEM, TSX) at Dubuisson…it also has a partnership with Lake Shore Gold (LSG, TSX) on the Meunier 144 Property where deep drilling is currently testing the down plunge extension of Gold zones located at the Timmins and Thunder Creek deposits…AGE’s foray into Granada provides some potential “sizzle”, especially if Gold Bullion delivers some stellar results from the Eastern Extension…Adventure Gold has approximately $2 million in cash and nearly $3.5 million in cash and stock (includes 15,000 shares of Agnico-Eagle)…we’ve spoken with Marco Gagnon, AGE’s President and CEO…he has strong credentials and a clear vision for this company…he has also assembled a powerful geological team…this is a determined and aggressive group…technically, the stock started what appears to be a new uptrend the week of October 25 after consolidating in the low 30′s for about 3 weeks to unwind an overbought condition…

Currie Rose Resources (CUI, TSX-V)

Currie Rose, which was added to the BMR Portfolio at 16 cents in late October, enjoyed a very active week, climbing as high as 23.5 cents (a new 52-week high) before closing unchanged for the week at 19.5 cents…total CDNX volume for the 5 trading days was over 9 million shares…this is a company which is getting much more aggressive developing its highly prospective package of Gold properties in northwestern Tanzania…Currie Rose is well established in that East African country, having started exploration in 2005…very quickly CUI made a significant near-surface discovery at Mwamazengo, part of its Mabale Hills Project which is in the heart of the prolific Lake Victoria Greenstone Belt…Anglo-Gold’s multi-million ounce Geita open-pit operation is just 80 kilometres to the northeast, and other mines and deposits are in the immediate area…Currie Rose’s highest current priorities in Tanzania are the Mabale Hills and Sekenke Projects…at Mabale Hills, CUI is drilling its Sisu River Property which is approximately 8 kilometres northeast of Mwamazengo…the 3,000 metre Phase 1 RC program at Sisu River is focusing on an area that has returned excellent sampling results and where artisanal miners made a recent discovery…the quartz porphyry target at Sisu River is hosted within felsic volcanic rocks, generally considered to be favorable hosts for Gold in greenstone belts around the world…drilling started 2 weeks ago and is proceeding according to plan according to Currie Rose President and CEO Harold Smith who we interviewed Friday afternoon (the 17-minute interview was uploaded to our site Saturday)…assay turnaround time should be fairly quick with CUI using a lab just a short distance from Mabale…Smith is also very excited about the company’s Sekenke Project, and rightly so, as CUI has identified a 12 km by 800 metre highly prospective structure of sheared metabasalts that hosts numerous quartz reefs…assay results from rock chip samples indicate significant Gold anomalies in the quartz reefs…this structure lies in between 2 former producing mines from the first half of the 20th century including the high grade Sekenke Mine, one of Tanzania’s original Gold producers…Currie Rose has major upside exploration potential…the company posted an attractive new corporate presentation on its web site Friday…

Greencastle Resources (VGN, TSX-V)

In clockwork-like fashion, Greencastle has experienced 3 powerful moves (very sharp spikes) over the last 7 years (late 2003, early 2006 and mid-2008)…2006 was more intense than 2003, and 2008 was stronger than 2006…we’re certain that a very powerful fourth move is now underway, driven by Greencastle’s recent shift in corporate strategy to get much more active in the Gold exploration space…volume has picked up dramatically in VGN, which is what one would expect prior to a major move, and the stock traded as high as 25 cents last week before closing Friday at 23 cents for a weekly gain of 4.5 cents…the stock may need to unwind its current overbought condition for a brief period before pushing through resistance at 25 cents…VGN’s 200-day moving average has reversed to the upside, another very positive sign, and at 23 cents the company’s market cap is still very modest at only $10.5 million…Greencastle has working capital of $6 million, regular monthly oil royalty revenue of at least $125,000, and 2 very promising Gold properties in Nevada to go along with its new acquisition near Richfield’s Blackwater Project…VGN is already up 64% since we added it to the BMR Portfolio a couple of weeks ago…

Richfield Ventures (RVC, TSX-V)

It was a fairly quiet week for Richfield until Friday when newsletter writer Bob Moriarty wrote another piece on the company and RVC blasted through resistance around $3 and soared to a new all-time high of $3.30…it closed at $3.29 for a weekly gain of 53 cents…there is no question Richfield is developing a potential world class deposit at Blackwater which is why BMR jumped all over this story last December when the stock was trading at only $1.20…we interviewed company President and CEO Peter Bernier last spring and we’re extremely impressed with how he has managed this project…Bernier’s strategy, we believe, is to drill, drill, drill and fetch the highest takeover price possible for the company after proving up (hopefully) a multi-million ounce Gold deposit which will have copper and silver components as well…in this rip-roaring bull market, a potential takeover price for RVC could be in the hundreds of millions or who-knows-what depending on future drill results and just how high Gold goes…the dynamics with Richfield are exciting…the company has consistently returned long intersections of mineable grade…4 more holes were reported last week (all drilled vertically) including BW-87 which returned 115 metres grading 2.59 g/t Au…

CDNX, Gold, The Fed, & U.S. Elections

The CDNX registered its 12th consecutive weekly advance, zooming past its 200-week moving average  and overcoming a resistance band between 1900 and 2000 to close Friday at 2009.  The 59-point gain for the week means the CDNX has now climbed 49.5% since its early July low, an amazing run that shows no sign of stopping anytime soon.  Volume Thursday and Friday was the highest in two months.

The Commodities Super Cycle was only briefly interrupted by the 2008 Market Crash and has really started to pick up steam in recent months.   With the Fed actively promoting a lower U.S. Dollar and a more inflationary environment (Helicopter Ben remains all doped up on “quantitative easing”), coupled with continued strong growth in emerging markets such as China, India, Brazil and Russia, the prices of many commodities from Gold to foodstuffs are going to keep charging higher with some parabolic moves possible.  We are living in historic times.  And the CDNX still has a lot of catching up to do which is one reason we believe the CDNX bull market is only in its early stages.  It’s quite conceivable that we could see new all-time highs (3400+) in the CDNX by sometime next year, powered by the masses who have yet to pile in.

The resistance band between 1900 and 2000 that we identified for the CDNX now provides super-strong technical support.  The next major area of resistance is between 2250 and 2400 – on several occasions between 2006 and 2008, the 2250 – 2400 area held as critical technical support and the CDNX repeatedly bounced off those levels. In late July/early August, 2008, in the initial days of the Market Crash, the CDNX tried to rally but stopped just short of 2250 and then collapsed from there.

Gold hit a record new high last week of almost $1,400 (it closed Friday at $1,394 for a $34 weekly advance), fueled by a somewhat larger than expected new round of QE announced by the Fed Wednesday and “bullish” comments by Chairman Bernanke in a Washington Post opinion piece:  “Lower mortgage rates will make housing more affordable and allow more homeowners to refinance.  Lower corporate bond rates will encourage investment.  And higher stock prices will boost consumer wealth and help increase confidence, which can also spur spending.”

The Fed is desperately trying to reflate the economy (the stock market as well it appears) and it should get some help from the new dynamics in Congress.  In a major repudiation of the Obama Administration’s far left, anti-business, tax “the rich”, big government agenda, Republicans took control of the House of Representatives last Tuesday with a massive gain of seats.  They also made gains in the Senate, though the Democrats managed to hold on to a slim majority there.

The Big Battle for 2012 started Wednesday morning and will be played out in dramatic fashion over the next two years.  There is likely to be a lot of bickering, finger-pointing and gridlock in Washington over the next couple of years with an ideologically very divided Congress.  For this reason there is likely to be little progress in addressing America’s huge debt problem (bullish for Gold).  Republicans will block any major social initiatives, but where the two parties can likely find agreement is on stimulative tax measures for both individuals and business (extending the Bush tax cuts for everyone would be a wise idea) to help boost the economy and reduce the high unemployment numbers.  Jump-starting the economy will be the focus.  The tough and painful decisions required to put the United States on a more sane fiscal path and a stronger foundation won’t come until at least 2012.

Data from the Stock Trader’s Almanac going back to 1833 show that in the third year of a presidential term, shares rally an average of 10.5 per cent.  Markets increased in 33 years over the period, and fell in 11.  During election years – the fourth year of a cycle – shares rallied an average of 5.8 per cent, with increases 29 times and declines in 15.  Politically difficult tasks, such as budget hacking or tax increases, are generally much easier to push through in the first two years of an administration.

Extraordinary market gains seem to come just after mid-term elections.  Since 1942, the U.S. market has never declined in the 200 days following a mid-term vote and the average gain over the period has been a stellar 18 per cent.

At BMR, we do our homework and we put forward to investors what we believe are exciting opportunities that are worthy of your consideration and due diligence.

We like everything we see with Currie Rose Resources (CUI, TSX-V) and we’re impressed with the leadership, integrity and energy of its long-time President and CEO, Harold Smith.  Smith made a very wise decision in 2005 when he gained a large and strategic land position for Currie Rose in the prolific Lake Victoria Greenstone Belt of northwest Tanzania.  That was a game-changing move for the company and it’s now starting to pay major dividends.  Tanzania is becoming more and more recognized for its growing Gold production and blue sky geological potential (over the last decade in particular this East African country has really opened up to foreign investment, exploration and mining).    Sub-Sahara Resources, CUI’s initial joint venture partner in Tanzania, unfortunately became a victim of the 2008 market crash but that turned out to be advantageous in certain ways for Currie Rose.  CUI was able to buy out its partner’s interests in the Mabale and Jubilee Reef Projects at a very favorable price and also nabbed Sub-Sahara’s highly respected senior geologist with many years’ experience in Tanzania.

Currie Rose’s immediate priorities in Tanzania consist of the Mabale Hills Project, where a 3,000 metre RC drill program is well underway at the very promising Sisu River Property (initial assay results could come quickly as CUI is using a lab just a short distance from Mabale) and the Sekenke Project (joint venture) approximately 200 kilometres southeast of Mabale.  These are first-rate land packages that offer major exploration upside as proven by CUI’s discovery at Mwamazengo (Mabale Hills) in 2005.

Below is Part 2 of our interview with Currie Rose President and CEO Harold Smith.  We suggest that while listening to the audio interview, you minimize that window and click on our previous posting where you can view maps showing the Sisu River Property and the Sekenke Project as Smith discusses both.  These maps are taken from the new corporate presentation that Currie Rose posted yesterday on its web site.

BMR Currie Rose Interview Part 2

Currie Rose closed yesterday at 19.5 cents on the TSX Venture Exchange.  At BMR, our stock coverage is for informational purposes only and must not be viewed or interpreted as “buy”, “sell” or “hold” recommendations.  Please read our disclaimer.  As a matter of disclosure, the writer of this story and interviewer holds a position in CUI (250,000 shares).

Below are very interesting maps taken from Currie Rose Resources‘ (CUI, TSX-V) new corporate presentation on its web site.  These will be useful while listening to Part 2 of BMR’s interview with CUI President and CEO Harold Smith.

This map shows key properties at Currie Rose's Mabale Hills Project which is approximately 80 kilometres east of AngloGold's massive Geita open-pit mine. The Sisu River Property, currently being drilled by Currie Rose, is approximately 8 kilometres northeast of the company's Mwamazengo Property where CUI will be following up a significant discovery that was first made in 2005.

Currie Rose holds a large land package, 297 square kilometres, surrounding and in between two former mines. Note the yellow dotted line in the green area east of the former Sekenke Mine, one of Tanzania's original Gold producers. The yellow dotted line represents a 12 km by 800 metre highly prospective structure of sheared metabasalts that hosts numerous quartz reefs. Assay results from rock chip samples indicate significant Gold anomalies in the quartz reefs as disclosed by CUI in a news release February 3, 2009.

Welcome to our site, or at least a sneak preview of it!  The final version may look much different than this as we continue to develop a very unique investment and money-management resource site.  An important component of this site is original research on small and undiscovered junior resource companies, mostly in the gold exploration space, that offer very real and significant upside potential. We are extremely selective in the companies we feature and put forward to investors – we prefer quality over quantity.

We use a combination of fundamental and technical factors in determining the value and potential of a stock.  In terms of fundamentals we look for a company with a superb project supported by strong management.  Management must possess integrity, solid ethics and a determination to succeed and build shareholder value.

At BullMarketRun (BMR) we approach the handling of money from a biblical perspective and this is an important topic we will be sharing with our readers (and listeners) as the site continues to develop.

Disclaimer:

BullMarketRun.com is completely independent from any companies it covers.  BMR accepts no compensation of any kind from any groups, individuals or corporations for coverage of any company mentioned on this site.  We accept no advertising either.  Our stock coverage is for informational purposes only and must not be viewed or interpreted as “buy”, “sell” or “hold” recommendations. No investment opinion or other advice is being rendered on any stock or company.  We strongly recommend that you consult with a qualified investment advisor, one licensed by appropriate regulatory agencies in your legal jurisdiction, and do your own due diligence and research before making any investment decisions.  The stocks we cover, by definition, are highly speculative and potentially very volatile.  Investors are cautioned that they may lose all or a portion of their investment if they make a purchase or short sale in these speculative stocks.  We are not Registered Securities Advisors. Our opinions can only be construed as a solicitation to buy and sell securities when they are subject to the prior approval and endorsement of a Registered Securities Advisor operating in accordance with the appropriate regulations in your area of jurisdiction.  It should be assumed that BMR personnel, writers and their associates may hold or dispose of or trade in positions in any securities mentioned herein at any time.  Owner/Publisher of BullMarketRun.com is Terry Dyer of Langley, British Columbia.

John: Today the CDNX opened at 1998, fell as low as 1993, and then rocketed up through the 2000 level to a high of 2011 before closing at 2009 for a gain of over 14 points.

Today’s 2-month daily chart is one that occurs once every decade or so. In every respect it is the long investor’s dream, completely bullish.  As BMR has stated repeatedly over the last many months, the CDNX is in the midst of a bull run of historic proportions that ultimately should take the Index to new all-time highs.

Looking at the above chart in detail we see that the previously identified resistance band between 1900 and 2000 (two horizontal green lines) has been broken, and now this band should provide support. We see that for 3 days the Index hesitated at the 1900 level, then continued the climb and today broke above the 2000 mark.   The EMA(10) moving average is providing close bullish support. When, sometime in the future, the trend does weaken a breakdown of this moving average could be the first sign.

There are 2 sets of Fibonacci levels shown. The blue set identifies a target at 1937 (blue dotted line). The CDNX hesitated for 4 days at this resistance level.  The orange set indicates the next target is 2091.

The volume in the last 2 days has been the highest in the last 2 months.

Looking at the indicators:

We see that the RSI(2) indicator is at its extreme at 98% so we can expect some hesitation in the near future.

The Chaikin Money Flow (CMF) Indicator shows that the buying pressure has been increasing every day for the last 5 days and is at a 2-month high of 0.565 – very bullish.

The ADX trend indicator has the +DI (green line) at 53 and above the -DI (red line) at 6, and the ADX (black line) trend strength indicator is flat at a very high level of 70. This is an extremely bullish scenario.

Outlook: There is nothing on this chart to indicate the climb in the CDNX is going to stop in the immediate future.

Gold is unchanged as of 8:40 am Pacific after falling as low as 1373 on profit-taking early today, ahead of the U.S. jobs report…American employment increased more than expected last month as private companies hired workers at the fastest pace since April, a positive sign in a sluggish economy…Silver continues its strong advance and is up 37 cents to $26.74 while the U.S. Dollar Index is up two-thirds of a point to 76.46…the CDNX has climbed over the psychologically important 2000 mark…the Venture is currently up 16 points to 2010…given the bullishness of the market and commodities in general, it appears the Venture may now take a run at the next major area of resistance around 2,200…as we have stated repeatedly, we are in the midst of a bull market of historic proportions that ultimately should drive the Venture Exchange to new all-time highs…Gold Bullion Development (GBB, TSX-V) has commenced a 50,000 metre Phase 3 drill program at the Granada Gold Property…this was revealed on the company’s web site yesterday with Gold Bullion also indicating that it will be providing a detailed update on progress at Granada in the near future…BMR’s bold prediction, based on historical information and GENIVAR’S visuals of holes drilled in Phase 2, is that a Hole 17-type or better discovery or discoveries are about to be reported in the Eastern Extension…GBB is currently unchanged at 58 cents…BMR is conducting its second interview in a week later today with Currie Rose Resources‘ (CUI, TSX-V) President and CEO Harold Smith…we see big things on the horizon for CUI which is currently drilling its very promising Sisu River Property at the large Mabale Hills Project in northwest Tanzania…given previous sampling around Sisu River and discoveries made by artisanal miners, the prospect of a significant “hit” at Sisu River has to be considered a good possibility…this property is just a short distance from Mwamazengo where CUI has drilled many stellar holes and a near-surface deposit (non-compliant) exists…in addition to Mabale Hills, we have many questions for Smith regarding the company’s Sekenke Project (southeast of Mabale Hills) which surrounds two former producing mines…CUI has already outlined a 12 km x 800 metre wide structure in that area with high grade targets in vertical quartz reefs hosted by sheared greenstones…Currie Rose is a major up-and-comer in Tanzania and their timing for an aggressive new wave of exploration there couldn’t be better…CUI is currently off half a cent to 20 cents…GoldQuest Mining (GQC, TSX-V) continues to firm up…in this explosive bull market, GQC is one of those “no brainers” with a terrific portfolio of Gold properties in the mineralization-rich Dominican Republic including the advanced Las Tres Palmas and Las Animas properties…GQC also offers some silver exposure with its DR properties and its zinc-lead-silver deposit in northwest Spain…Goldquest is ahead half a penny at 28.5 cents…Greencastle Resources‘ (VGN, TSX-V) 200-day moving average has reversed to the upside, another technical clue that VGN is gearing up for an explosive move that could rival or even exceed its spikes of 2003, 2006 and 2008…the company is getting much more active in the Gold exploration space and will also benefit from rising oil prices due to its monthly royalties from the Primate oil field in Saskatchewan…Greencastle is up 1.5 cents to 21.5 cents…Richfield Ventures (RVC, TSX-V) has climbed 21 cents this morning to $2.98…given the state of the overall market, and Richfield’s continued advancement of Blackwater, we believe it’s only a matter of time before RVC blasts through resistance around $3…