BullMarketRun.ca

Gold has bounced around this morning in a range of $1,203 to $1,218…as of 9:30 am Pacific time, Gold is essentially unchanged from yesterday at $1,209…crude oil is down over a dollar per barrel to $75.83 while the CDNX is unchanged at 1385…BMR has completed an audio interview with Seafield Resources (SFF, TSX-V) President and CEO Tony Roodenburg which we’ll be posting by tomorrow morning…Roodenburg is upbeat on the prospects for Seafield and is hopeful the company can define 2 million ounces at Quinchia by year-end with the ultimate goal of 4-5 million ounces combined at Miraflores, Dos Quebradas and Chuscal…the company is now the largest landholder in the Mid Cauca Porphyry Belt of Colombia with 68 square kilometres…Seafield is up a penny on light volume to 18 cents…Gold Bullion Development (GBB, TSX-V) is steady at 55 cents…based on Tuesday’s news release, drilling appears to be going very well at Granada with strong potential for expansion of the east-northeast mineralized area discovered in Phase 1 drilling early this year…Sidon International (SD, TSX-V) is active again today, trading nearly 3 million shares…it’s currently off  a penny to 8.5 cents…we’re very bullish on Sidon’s Morogoro East Gold Property in Tanzania but as we indicated yesterday the stock has reached overbought levels on a technical basis and likely needs to consolidate for at least a short period…we first uncovered Sidon when it was sitting at just a nickel in March…Morogoro East is a very compelling target and Sidon has a great opportunity to do extremely well with this project…North Arrow Minerals (NAR, TSX-V) came out with good drill results yesterday from its Beaverdam lithium project in North Carolina…7 holes were drilled and highlights included 1.14 Li2O over 9.95 metres, 1.09 Li2O over 11.3 metres, and 1.43 Li2O over 10.97 metres…the drilling confirmed the presence of spodument pegmatite at depth in the eastern and central portions of the property…Beaverdam clearly has potential and it’ll be interesting to see what North Arrow’s next steps are with this property…as promising as Beaverdam is, what excites us the most about North Arrow is its Lac de Gras diamond property where drilling begins later this summer…NAR is a very smart play for patient investors with a medium term time horizon (6 months)…the upside potential far exceeds the downside risk and the company is led by mining legend Gren Thomas who is one of the very best there is at grassroots exploration…we see big things on the horizon for North Arrow over the balance of the year…