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Gold
Reaching For New
Highs In 2011 |
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The Dow Jones Industrial
Averages got crushed yesterday falling 178 points, and not surprisingly gold was up $12 to $1,400 per
ounce.
The markets are now testing some
very key support levels, which
will be broken, the dollars
falling and oil is going through
the roof. If this flight to
safety continues, gold prices could surge to new all time highs
this week and throughout the months ahead!
So now is the time to search for the
small-cap gold
plays that have the potential to become the market's biggest winners for the rest of 2011!
In its latest research report, Casimir Capital says it's time to buy gold and forecasts a strong year for gold and junior gold stocks during 2011.
And there are countless analysts
who expect gold prices to breach the $1,500 mark and cross the $1,600 mark by late 2011. That should power gold stocks higher and draw even more
investors into gold stocks.
So what five gold stocks
might do well in 2011?
Brigus Gold Corp. (NYSE Amex:
BRD, $1.59)
is making steady progress towards the commencement of commercial production from its underground operations at the Black Fox Mine in the Timmins Gold District, Ontario, Canada.
According to the Company, underground ore production from new mining stopes is expected to exceed 250 tonnes per day ("tpd") by March 15, 2011, ramping up to an average of 800 tpd in the second quarter of 2011 ("Q2 2011") and to 1,100 tpd by the fourth quarter of 2011 ("Q4 2011"). The higher grade underground ore will augment production from the Black Fox open pit, resulting in projected increases in quarter-over-quarter gold production for 2011. Revenues from this ramp up in production should provide shareholders with some
compelling improvement in the
fundamental value of their shares during the next few quarters. For more information visit
www.brigusgold.com.
Coral Gold Resources Ltd.
(OTC.BB:CLHRF, $1.06) -
Coral's projects are situated along the Cortez gold trend, which lies southwest of the renowned
Carlin trend. The Cortez and Carlin trends
represent the United States' key gold region, accounting for three-quarters of the country's gold output.
Coral's primary properties---Robertson, Excluded, Norma Sass and Ruf---lie in the south Crescent Valley region. Coral owns 100% interest in the
Robertson claims, while the Excluded Claims operate under a 61/39 joint venture (carried interest) with Barrick Gold Mines. Norma Sass and Ruf
are joint ventures with Levon Resources Ltd. Coral Gold also holds 100% interest in the Lander Ranch and Blue Nugget claims, located
immediately north of Robertson. Coral Gold chose to explore in Nevada---and particularly along the Cortez gold trend---with good reason.
Nevada's gold output is decreasing and major producers such as Barrick Gold and Newmont will need to replace reserves either through
exploration or by acquiring defined resource from junior companies, such as Coral Gold. So Coral Gold could be in the right place at the right time.
Visit the company's website at
www.coralgold.com.
Earth Dragon Resources, Inc.
(OTC.BB:EARH, $0.17)
is a mineral exploration company with a strategic focus on the purchase and development of high
quality production-stage gold projects in Africa. The Company is currently developing highly prospective gold deposits in the Ashanti Gold Belt of
Ghana and the Lupa Goldfield in the Chunya Mining District of Tanzania with plans to expand ongoing exploration and mapping efforts to include
pilot plant production. Initial results from the sampling program at the Nkwanta concession offers very encouraging results with numerous selected
gold assays ranging from over 20ppm and with many showing values well over 200 ppm and with at least one verified instance reaching 1,579 ppm
(1,579 g/t). Given these favorable results, the Company is now determined to move ahead in the development of a pilot production facility in order
to accomplish a number of goals. The first target will be to generate revenue from the pilot plant in order to achieve a level of
reinvestment and cash flow adequate to accomplish the ongoing goal of continued exploration and the further development of the property into a commercially viable
mine. They could put this property into production by year end which could substantially increase the value of the asset and market capitalization of
the Company. For more information visit:
www.earthdragonresources.com.
Silver Falcon Mining, Inc.
(OTC.BB:SFMI, $0.16)
has an interesting story. They like to find old tailings and dumps with commercial quatities of ore in
them and cheaply process out the gold. The Company recently announced that leading up to December 31, 2010, 1,463 lbs. of concentrate was
produced from the Belle Peck ore dump, averaging 185.74 oz/ton gold and 319.54 oz/ton silver. This material is being stockpiled as inventory until
the Company has installed furnaces to facilitate the pouring of its own bullion doré bars. This will enable the Company to sell its bullion doré
directly to the refinery, thus eliminating smelter fees and other related expenses that can be as high as 70%. This facility is planned to be
operational within the next 90 days. The Company also announced that in December it started and continues to mill material from the Oso Tailings
pile stored at its plant site. Silver Falcon Mining is a developer and explorer of mineral resource properties, primarily in Owyhee County,
Idaho,with the objective of being a profitable, low-cost, precious metal producer. For more information visit
www.silverfalconmining.com.
Steele Resources Corporation
(OTC.BB:SELR, $0.06)
is a precious metals exploration and development company operated by professionals with
extensive exploration, mining, and public market experience. Its current ensemble of exploration properties, held by its subsidiary, Steele
Resources, Inc., includes the 1800 acre Mineral Hill Gold Exploration Project, located near Pony Montana, and two Nevada exploration properties.
Steele could be in production, by the end of the summer, at its newly acquired Mineral Hill Exploration project. Steele recently announced that it
executed a definitive agreement with a group of individual land owners in the state of Montana to acquire rights to 17 patented and 67 unpatented
mining claims known as the Mineral Hill Exploration project. The Company has plans to close on two additional adjacent claims.
CEO Scott
Dockter stated, "Executing the Agreement for the Mineral Hill project is a major step. We have designed an aggressive exploration program that
will enable us to define what mineralization may be available for immediate extraction under a SMES. Additionally, our geologic review of this
property suggests that the known mineralization is just the beginning of this projects potential." Like Silver Falcon Mining, Steele Resources is
looking to go generate revenue quickly by processing tailings and dumps containing commercial quanitities of gold bearing ore The complete review
of their Mineral Hill project and its potential can be viewed at the Company's website,
www.steeleresources.com.
Gold
prices have steadily risen the
last five years and there's no
fundamental; reason for a
precipitous decline in prices any
time soon.
Every
investor should have oil stocks in
their portfolio along with a few
gold shares. And even though they carry more risk, new
gold discoveries can have significant impact on junior gold
miners.
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