Gold Fever - Can Azco Mining Capture U.S. Gold's Midas Touch?
U.S. Gold Corp USGL stunned the investment world this month as its shares soared 625% since July 25, 2005 following a knockout one two punch of heavyweight investments that have literally knocked USGL out of the ball park in one of the most spectacular performances by any Gold related issue since the heady days of the last Gold boom.
Phoenix, AZ (PRWEB) August 12, 2005 -- Gold Fever is back: As the yellow metal soars on the back of record Crude Oil prices with Thursday August 11, 2005, Gold reaching an important milestone, surpassing $450 in the December 2005 Active Futures Contracts and Gold in the long term future is already trading at a huge premium 4 years out at $532 in the Dec 2009 Contract.
Part of the reason for US Gold's rise - USGL - Its only asset is its Tonkin Springs property, a 37 Square Mile area, but this is estimated to contain a 1.4 Million ounce inferred gold resource. An inferred resource is a mineral find based on a few drill holes.
In contrast, Azco Mining - AZMN - has proven assets which include a 90 Square Mile, 57,392 acre resource in New Mexico said to hold 2 Million Ounces of contained Gold with a 1.03 Million Ounce open pit deposit and a 7 Square Mile Mica and Feldspathic Sand deposit that contains an estimated 88 Million tons of Ore and a proven reserve of over 4 Million tons. Azco's Gold property has hundreds of drill holes comprising over 369,000 feet of drilling and as a consequence, historically, mines on this property have already yielded 350,000 ounces of Gold.
A common vein shared by AZMN and USGL is that both companies have at their helm, seasoned executives of extraordinary reputation and talent in the mining industry who also, just so happen to be, the company's major shareholders respectively.
This is an incredibly positive statement of faith and commitment that will most certainly not be overlooked by investors as they assess a global economy, which has an ever increasing demand for Gold in a world with steadily diminishing supply.
In a recent interview Dr. Pierce Carson CEO of Azco Mining stated, "Out of the one million ounce deposit, we can expect over $100 million as a bottom line profit number."
Industry titan Barchart.com generated an unusually positive technical analysis based on 13 key technical indicators earlier this week which reflected their opinion of a 100% BUY rating for shares of AZMN. A copy of this analysis is available at http://cfrn.net.
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Continuing Investigation
The CT research team continues to follow the ongoing investigation by the SEC into CMKM Diamonds Inc (CMKX). The most recent development in this ongoing saga was the 8-K filing which can be viewed at Edgar Online.
Disclaimer: Christian Traders does not accept cash, stock, warrants, or promises thereof, to select or profile any company. CT brings new meaning to the term - "Investor Relations." He actually works for you, the investor, broker, or fund manager.
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