BullMarketRun.ca

Gold has traded in a fairly narrow range so far today and as of 8:45 am Pacific time is unchanged at $1,165…the CDNX is ahead 2 points to 1662…we’re expecting big things out of Sidon International Resources (SD, TSX-V) after learning more about the Morogoro East Gold Property in Tanzania…it appears Sidon intends to quickly exercise its option to acquire Morogoro which has all the makings of a geologist’s dreams – many high grade showings and interesting formations…little pits can sometimes turn into big mines, and that’s what Sidon is hoping for at Morogoro…local artisan miners have recovered significant amounts of gold from that property which is a flat-lying sedimentary-type horizon that has the same or even better potential than Canaco’s (CAN, TSX-V) Handeni Gold Property 100 kilometres to the south…more gold has come out of the ground than money has gone into the ground in the under-explored Morogoro East region where incredible blue sky potential exists…Sidon has been under massive accumulation over the last month or so, and a major technical breakout now appears imminent…the stock is trading between 7 and 7.5 cents this morning…Gold Bullion Development (GBB, TSX-V) is up half a penny to 37 cents…BMR’s technical analyst said yesterday the “buy range” is 35 to 37 cents on this pullback, and so far he appears to be correct…drilling is expected to resume at the LONG Bars Zone sometime next week…Gold Bullion has made a huge move over the last 2 months but the potential for this stock to go much, much higher clearly exists with further drilling coming up at Granada and a growing realization by the market just how big this deposit could become…everything is on track at Kent Exploration (KEX, TSX-V)…we visited their offices yesterday in Vancouver…expect news from Kent tomorrow regarding its Archean Star spinoff…Colombian Mines (CMJ, TSX-V) has released very encouraging results from the first three holes at its Yarumalito Gold Property including 125 metres grading 0.66 g/t Au and 0.13% copper…we have to concur with CMJ’s statement this morning that “Yarumalito hosts a significant gold/copper porphyry and sheeted vein system with bulk mining potential.”  CMJ ran to as high as $1.43 on the news this morning and is currently at $1.27, up 9 cents on the day…