BullMarketRun.ca

It’s a relatively quiet day in the Canadian markets due to American Thanksgiving, and trading will be light again tomorrow with an abbreviated session for American stocks…we wish our Americans a very special Thanksgiving…Gold, as expected, is trading in a narrow range today due to the American holiday…the yellow metal has traded between $1,369 and $1,377…as of 8:10 am Pacific, Gold is unchanged at $1,373…Silver is quiet as well at $27.49 while the U.S. Dollar Index is now unchanged at 79.65 after touching major resistance at 80…the greenback has rallied considerably recently but Gold has held its ground which is very bullish for the yellow metal…the CDNX is up 7 points to 2031…the run this market is on is truly incredible and we expect an explosive new phase to really take hold by January…Gold Bullion Development (GBB, TSX-V) is unchanged at 68 cents as of 8:10 am Pacific after dropping as low as 65 cents this morning…Jay Taylor’s interview with Frank Basa has certainly brought new eyes to GBB, and the market has now had a chance to properly digest last Friday’s latest drill results which demonstrate the LONG Bars Zone is widening…the targets seem to be endless for GBB as there are several kilometres of highly prospective strike length to the east still to explore and promising new showings in the north and the south as well…prospecting by Adventure Gold (AGE, TSX-V) has also proven that the west cannot be overlooked, either…AGE is down 1.5 cents to 47 cents…Currie Rose Resources (CUI, TSX-V) has hit a new 52-week high of 30 cents as investors start to gain a better appreciation of the potential of CUI’s Gold properties in northwest Tanzania, specifically the Mabale Hills and Sekenke Projects…Currie Rose is hoping for a repeat of its immediate success at Mwamazengo in 2005 with drilling that is currently taking place approximately 8 kilometres northeast of Mwamazengo at Sisu River…RC drilling commenced a month ago at Sisu River and initial assays are pending…GoldQuest (GQC, TSX-V) is stronger this morning, up 2.5 cents to 28.5 cents…we love what this company is doing and putting together in the Domincian Republic and Spain…GQC, whose major shareholder is Gold Fields Ltd., has a large number of promising properties in the DR with the most advanced being La Escandalosa (formerly Las Tres Palmas) and Las Animas…the company announced an initial 43-101 inferred resource for La Escandalosa November 16 (406,000 ounces of Gold plus copper, zinc and silver credits as well) but this has the potential of growing substantially as not all of the mineralized area was included based on the drilling density at this time…the inferred resource took into account only 25 holes drilled at Escandalos Sur between 2006 and 2010 (3,300 metres)…it’s modeled as a flat-lying body, 600 metres by 500 metres…hydrothermal alteration and Gold mineralization, however, have been traced for about 2,200 metres from Hondo Valle (north of Escandalosa Sur) to La Hilguera (south of Escandalosa Sur)…the geometry of the deposit at La Escandalosa makes it suitable for open-pit mining…the source of the mineralizing fluids remains unknown which is interesting…there’s clearly exploration potential for the discovery of mineralization in structural feeder zones or possibly in a porphyry copper-Gold type system…La Escandalosa could quite easily turn out to be a 1 million+ ounce Gold deposit and the company (all cashed up) is getting ready to start a major drill program aimed at upgrading the current resource and testing potential to the north and the south…in Spain, GQC holds the Toral Zinc-Lead-Silver Project with a 43-101 resource estimate currently being prepared on that deposit…Seafield Resources (SFF, TSX-V) had a powerful day yesterday, gaining a nickel to 24 cents on CDNX volume of nearly 4 million shares…Seafield was written up by newsletter writer Brien Lundin who’s quite bullish, as we are, on the prospects for Quinchia…we hope Seafield can deliver an exploration update in the very near future…SFF is currently down a penny at 23 cents…Sidon International (SD, TSX-V) is up half a penny to 10 cents…patience is required with Sidon, like with Seafield, but SD has been forming a very nice base around a dime and it therefore has the potential to move suddenly to the upside…Sidon continues to make progress on the ground at Morogoro East in Tanzania…