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The BMR Portfolio (1st of 2 parts)

Gold Bullion Development (GBB, TSX-V)

Gold Bullion started to show some new strength this past week, climbing as high as 69 cents Tuesday after reporting its best result yet from the LONG Bars Zone Eastern Extension…Hole #55, collared 88 metres northwest of Phase 1 Discovery Hole #17, hit some Granada high-grade and returned 4 grams over 40 metres and 1.69 g/t Au over 116 metres within a wider interval of 356.6 metres grading 0.60 g/t Au…that was a terrific hole and even significantly better than #17 which started all the excitement at Granada last March…the nearly 360-metre section of 0.60, down to a vertical depth of only 175 metres, is what helps build a mine…at this stage of the game Gold Bullion is still drilling for structure…grades will get even better with tighter drill spacing and larger diameter core drilling (RC drilling, for example, whenever that will take place), but even at 0.60 GBB has a very mineable grade…on Friday, Gold Bullion announced on its web site that additional updates on Granada are coming next week (the week of November 15), so more good news is likely on the way – Granada has consistently delivered positive results all year…at BMR we’re convinced the LONG Bars Zone 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 finished the week up a penny at 60 cents, a 757% jump from when we added the company to the BMR Portfolio last December…Friday’s decline of 2 cents was just the 2nd single-day loss in 7 sessions and only the third drop out of the last 14 sessions…

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 42 cents, up 3.5 cents for the week…it climbed to a new all-time high of 52 cents last Tuesday when GBB reported new results from the LONG Bars Zone Eastern Extension…on Wednesday AGE reported initial prospecting and mapping results from work carried out over its small land package at Granada, showing numerous Gold-bearing zones associated with porphyritic intrusions and/or quartz veins with disseminated sulphides in strongly altered and locally well-deformed sediments…AGE plans to start drilling by early next year…Adventure Gold has been around only since late 2007 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 continues to deliver 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 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 another very active week, climbing as high as 24.5 cents (a new 52-week high) before closing at 23 cents for a weekly gain of 3.5 cents…total CDNX volume for the 5 trading days was nearly 7 million shares (16 million over 2 weeks) and CUI’s chart continues to look incredible…the stock bounced off strong support at its 10-day moving average of 21 cents Friday during the general market sell-off with strong buying during the last half of the day…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 3 weeks ago and is proceeding according to plan according to Currie Rose President and CEO Harold Smith…assay turnaround time should be fairly quick with CUI using a lab just a short distance from Mabale…a “hit” at Sisu River has to be considered a very real possibility given the geology of the area…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…

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 29 cents last week before closing Friday at 24.5 cents for a weekly gain of 1.5 cents…the stock’s heavily overbought condition has eased slightly but perhaps not enough, though the downside risk at current levels appears minimal…VGN’s 200-day moving average has reversed to the upside, another very positive sign, and at 24.5 cents the company’s market cap is still very modest at only $11.1 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 75% since we added it to the BMR Portfolio 3 weeks ago…

Richfield Ventures (RVC, TSX-V)

Richfield went the opposite direction of the overall market Friday, climbing 14 cents to finish the week at $3.19…the stock has strong new technical support at the $3 level and was off just 6 pennies for the week after exploding the previous week to a new all-time high of $3.30…there is no question Richfield is developing a potential world class deposit at its Blackwater Project in central British Columbia 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 November 2 (all drilled vertically) including BW-87 which returned 115 metres grading 2.59 g/t Au…