Tuesday, September 13, 2011

Monday's TSX Gold Stocks Trading Snapshot; VGZ, PLG, ORE, GBB, YLL

POINT ROBERTS - September 13, 2011 - www.InvestorIdeas.com, a global investor research portal for independent investors, including gold and mining stocks reports on TSX gold stocks trading for Monday September 12th. Gold closed up at $1,826.50 +16.60 +0.92%.
Vista Gold Corporation (VGZ.TO) was the top percentage gainers, closing at $4.37, up 0.69 (18.75%). The company announced last week the results of a new mineral resource estimate for the Batman deposit at the Company's Mt. Todd gold project in Northern Territory, Australia. The new mineral resource estimate includes all previous drilling information plus the results from the 2010-2011 drilling program, which were previously announced by the Company on June 27, 2011. The total mineral resource estimate for the Batman deposit is now 5.98 million ounces of measured and indicated mineral resources) and 2.61 million ounces of inferred mineral resources.
Gold Bullion Development Corporation (GBB.V) closed at 0.345, down 0.01 (2.82%). The company recently reported in late August that it has completed 6,842 m in 12 holes of diamond drilling in its first drill campaign on the Castle Silver property historic past-producing silver mine property located 85 kilometres northwest of the historic silver camp in Cobalt, Ontario.
PILOT GOLD INC (PLG.TO) closed at $2.31, up 0.13 (5.96%). The company reported last week, a new bulk tonnage style gold discovery in northeastern Elko County, Nevada. The first five holes ever drilled on the Company's 100% owned Viper Project have intersected widespread, sediment hosted, oxide gold and silver mineralization starting at surface.
Yale Resources Ltd. (TSX-V - YLL and Frankfurt - YAB) closed at $0.045.
In a recent interview, Ian Foreman, President, noted “Yale has 9 projects in Mexico. We concentrate in northwestern Mexico in the mining friendly jurisdictions of Sonora and Chihuahua. We have gold, silver and base metal projects and we currently have four projects optioned out. I am always working to add to that and am confident that we will have an additional two properties optioned out before the end of the year.
It is going to be a very busy fall/winter for us as many projects will be worked on and we anticipate that we’ll have a couple of our properties drilled as well.”
Orezone Gold Corporation (ORE.TO) closed up at $ 3.75, up 0.18 (5.04%)
The company announced additional positive drill results from an ongoing 170,000 m infill and expansion drill program at its 100% owned Bombore Gold Project in Burkina Faso, West Africa. Results include 234 reverse circulation (RC) holes (11,942 m) and 43 core holes (6,979 m) from the northern and southern portions of the 11 km long Bombore resource.
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Yale Resources Ltd. (TSX-V - YLL and Frankfurt - YAB)
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