Investorideas.com newswire, commentary for mining sector

Friday, June 01, 2012

TSX Mining Stocks Glimmer of Hope in Down Markets: (TSX: GBU), (TSX: TNX), (TSX.V: ATC)

New York, NY - June 1, 2012 - www.InvestorIdeas.com, a leader in sector research for independent investors issues a trading alert for TSX mining stocks showing notable gains in an otherwise down market day.

Gabriel Resources (TSX: GBU.TO) is trading up at $2.23, up 0.35(18.62%) as of 11:51AM EDT on over 582,000 shares. The Company is focused on permitting and developing its world class Rosia Montana gold and silver project (the "Project") in Romania. The Project is owned through Rosia Montana Gold Corporation S.A. (RMGC), in which Gabriel holds an 80.69% stake with the balance held by the Romanian State.
Tanzanian Royalty Exploration Corporation (TSX: TNX.TO) is trading up at $4.26, moving 0.55(14.82%) as of 11:53AM EDT on light volume. The Company reported yesterday a continued operation on the Kigosi Licenses was received from the Tanzanian Ministry of Natural Resources.
ATAC Resources Ltd. (TSX.V: ATC) is trading up at $3.08, gaining $0.45(17.11%) as of 12:00PM EDT on over 200,000 shares. Earlier this month it reported that it has begun phase one of a two phase exploration and drilling program at its 100% owned, 1,600 sq/km Rackla Gold Project, which hosts Canada's only Carlin-Type gold discoveries.
Investorideas.com Newswire Top Performing Industries % Change
Gold +3.73%

Silver +3.46%
Nonmetallic Mineral Mining +2.62%
Copper +0.86%
Industrial Metals & Minerals +0.71% Sign up for the free investor news and stock alerts at Investorideas.com
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