BullMarketRun.ca

Gold continues to move gradually higher as it starts to get comfortable trading over $1,400…as of 9:00 am Pacific, the yellow metal is trading at $1,419, a gain of $9 for the day…Silver continues to outperform Gold and has jumped 82 cents to $28.58…the U.S. Dollar Index is essentially unchanged at 77.25…the CDNX surge continues with the Venture Exchange climbing 17 more points to 2059…this is indeed the mother of all bull markets…Gold Bullion Development (GBB, TSX-V) delivered an absolutely stellar result this morning from the LONG Bars Zone Eastern Extension, the type of hole that goes a long way toward making an open-pit mine…Hole #55, collared 88 metres northwest of Phase 1 Discovery Hole #17, returned a terrific near-surface result – the total intersection was  a whopping 356.60 metres grading 0.60 g/t Au…within that, there was a 153-metre interval grading 1.36 g/t Au, a 116-metre section grading 1.69 g/t Au, and a 40.5-metre intersection of 4.05 g/t Au…the hole was drilled at an angle of 65 degrees to a vertical depth of 175 metres (possibly very close to true thickness), entirely within the depth parameters GBB is looking at for a potential open-pit operation…we know from the company’s September news release that there are holes around #55 that had very good visuals and have not yet been reported – that’s also the case with other holes throughout the Eastern Extension and the Preliminary Block Model…in a very unusual development, BMR contacted GBB President and CEO Frank Basa a short time ago and Basa declined (politely) our request for an interview today…he said he was extremely pleased with the results and is eagerly anticipating more assays this month…he stated he would like to do an interview next week, and did not elaborate further…we can only conclude, based on Basa’s refusal to do an interview today when he has such good news to tell, that he’s holding some aces in his hand (or expects to) and will lay those down on the table in the very near future…the final 8 weeks of the year are likely going to be incredibly interesting for GBB…a total of 147 holes are yet to be reported…the potential for a multi-million ounce near-surface Gold deposit at Granada is more possible than ever…as of 9:00 am Pacific, GBB is up 7 cents to 66 cents on CDNX volume of nearly 2 million shares…we’ll be reporting more on this morning’s news from GBB by market open tomorrow…other companies in the BMR Portfolio are strong today as well as the CDNX and Gold move higher…GoldQuest Mining (GQC, TSX-V) is up 2 pennies to 30 cents…with a terrific portfolio of Gold properties in the Dominican Republic, including Las Tres Palmas which holds major potential, GQC has a great chance to be one of the leaders over the coming months in this rip-roaring bull market…3-and-a-half years ago it climbed as high as $1.80, for a market cap of about $100 million, on less than what it has now…in addition to a very established presence in the DR, GQC holds the Toral Zinc-Lead-Silver Deposit in northwest Spain…a 43-101 resource estimate is due soon on Toral…the historical non-compliant estimate is 5.4 million tonnes grading 9% zinc, 6% lead, and 45 g/t Ag…Currie Rose Resources (CUI, TSX-V) is up a penny at 24 cents on volume of over 1.5 million shares…this company is now just starting to get the attention it deserves given its very attractive and large land package in northwest Tanzania…we feel the same way about Currie Rose as we did about Gold Bullion last December…there are powerful geological arguments for potential major discoveries at CUI’s Mabale Hills and Sekenke Projects…we also remain very upbeat regarding Sidon International (SD, TSX-V)…we haven’t written much about Sidon recently as the company has been very quiet on the news front and seems to be holding its cards close to its chest…investors need to be patient here to see what may come down the pipe in the coming weeks…Sidon’s Morogoro East Property has the potential to surprise a lot of people…Sidon is currently up half a penny at 10 cents…