BullMarketRun.ca

Gold has rebounded nicely and is up $6 an ounce as of 7:35 am Pacific time to $1,141…the CDNX, which seems to have found some very strong support at 1650 over the past week, is currently up 4 points to 1658…Gold Bullion Development (GBB, TSX-V) continues to motor along and is up another 1.5 cents to 38 cents…GBB hit a new 52-week high of 39 cents this morning where there is clearly some resistance at the moment…given the timeline that Frank Basa gave us in our interview with him last week, we expect news from Gold Bullion by Thursday or Friday at the very latest…Seafield Resources (SFF, TSX-V) has come out with news this morning on its Miraflores Property in Colombia…Seafield traded 1.2 million shares in the first 30 minutes this morning, climbing as high as 28.5 cents…it has since backed off to 25 cents, a half cent gain…as we mentioned yesterday after our weekend interview with President/CEO Tony Roodenburg, now is a great time to be accumulating Seafield…some cheap private placement stock from December is still being sold into the market but that selling should begin to dry up fairly soon…Seafield announced it has completed a NI-43-101 compliant initial inferred resource estimate for Miraflores, revealing an estimated 776,000 ounces of gold grading 1.3 grams per tonne gold at a cut-off grade of 0.5 gram per tonne gold…the estimate is based on 3,624 metres of drilling in 10 diamond drill holes and 154 underground samples (previous operators)…Richfield Ventures (RVC, TSX-V) has started drilling its Blackwater Gold Project again in central British Columbia…they are deepening Discovery Hole BW-59 to 700 metres from 329 metres…the hole is currently at 509 metres and has intercepted similar volcanic lithologies, alteration and sulphide mineralization as seen in the upper 329 metres…Richfield is up 7 cents to $1.85…Colombian Mines (CMJ, TSX-V) has bounced off its 50-day moving average as predicted and is currently up 11 cents to $1.31…