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--- Nayarit Gold Inc. (TSX-V: NYG | Quote | Chart | News | PowerRating) closed yesterday at $0.80 per share on trading volume of 171,000 shares. Yesterday's close represented a one day increase of $0.06 per share or 8.11% and a one week increase of $0.19 per share or 31.14%.
In a message to subscribers on August 7, 2008, BabyBulls.com announced the release of an updated profile for Nayarit Gold Inc. The updated profile provides subscribers with the most current information about the Company, highlights of which included the following recent accomplishments. In late July, Nayarit completed the acquisition of six additional mining concessions totaling 6,746 acres in the Orion Silver-Gold Mining District in the State of Nayarit, Mexico. As a result of this consolidation, the Company's land position now encompasses more than 1,100 square kilometers with at least 19 known silver and gold zones, of which 10 are past producing mines.
Also in late July, Nayarit closed a brokered private placement consisting of 17,900,000 units (the "Units") in the Company at a price of $0.56 per Unit for gross proceeds of $10,024,000. Each Unit is comprised of one common share and one common share purchase warrant. Each warrant entitles the holder to purchase one additional common share ("Warrant Share") of the Company at an exercise price of $0.75 per Warrant Share at any time within two years from the date of closing. Proceeds from the financing will be primarily used to fund the Orion District consolidation and for additional mineral exploration, including a Phase 2 program on the Orion Project. BMO Capital Markets acted as lead agent in an investment dealer syndicate.
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Nayarit Gold Inc. is a Halifax based junior resource company dedicated to gold exploration in the proven precious metal districts of Mexico. Management's goal is to build a profitable resource company and maximize shareholder value through successful exploration programs and continued development.
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--- Minera Andes Inc. (OTC BB: MNEAF | Quote | Chart | News | PowerRating) closed yesterday at $1.06 per share on trading volume of 99,626 shares. Yesterday's close represented an increase of $0.045 per share or 4.38%.
In a press release August 6, 2008, Minera Andes announced that Mr. Rob McEwen, chairman and CEO of U.S. Gold will join the board of Minera Andes along with two other independent mining industry executives, Mr. Victor Lazarovici and Mr. Don Quick. Mr. McEwen holds approximately 24% of Minera Andes' shares. The new board members replace retiring members Messrs. John J. "Jack" Crabb, Gary A. Craig and Ms. Bonnie Kuhn. Ms. Kuhn will continue as corporate secretary and legal counsel for Minera Andes.
According to Allen V. Ambrose, President of Minera Andes, "I am pleased to welcome Rob McEwen, Victor Lazarovici and Don Quick to the Minera Andes' board. Mr. Victor Lazarovici is a recently retired senior base metals and minerals analyst and Dr. Quick is a former director of Goldcorp Inc. I am very grateful to these long-time board members whose expertise guided Minera Andes from an early-stage exploration company to an emerging gold/silver production company with excellent prospects for growth."
Minera Andes is a gold, silver and copper exploration company working in Argentina. The Company holds about 304,000 acres of mineral exploration land in Argentina including the 49% owned San Jose silver/gold mine that commenced production last year. Minera Andes is also exploring the Los Azules copper project in San Juan province, where an exploration program is underway to define a resource and scoping study. Other exploration properties, primarily silver and gold, are being evaluated in southern Argentina.
--- Apollo Gold Corporation (AMEX: AGT | Quote | Chart | News | PowerRating) closed yesterday at $0.40 per share on trading volume of 284,624 shares. Yesterday's close represented an increase of $0.01 per share or 1.60%.
In a press release August 6, 2008, Apollo Gold announced that it had entered into an agreement for a private placement financing pursuant to which Apollo proposes to sell 14,000,000 flow-through shares for purposes of the Income Tax Act (Canada) ("Flow Through Shares") on a bought deal basis at CDN$0.50 per Flow Through Share to raise gross proceeds of CDN$7,000,000. Apollo has granted the underwriters an over-allotment option entitling them to acquire up to an additional 3,000,000 Flow Through Shares for gross proceeds of up to CDN$1,500,000 until the closing of the offering.
Apollo intends to use the gross proceeds of the private placement for the pre-strip of the Black Fox open pit mine and to incur Canadian Exploration Expenses (as defined under the Income Tax (Canada)) at its Black Fox project. The private placement is scheduled to close on or about August 21, 2008 and is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory approvals including the approval of the Toronto Stock Exchange and the American Stock Exchange.
Apollo is a gold mining and exploration company that operates the Montana Tunnels mine, which is a 50% joint venture with Elkhorn Tunnels, LLC, the Black Fox advanced stage development project in Ontario, Canada, and the Huizopa project, an early stage exploration project in the Sierra Madres in Chihuahua, Mexico.
--- US Gold Corporation (AMEX: UXG | Quote | Chart | News | PowerRating) closed yesterday at $1.33 per share on trading volume of 215,421 shares. Yesterday's close represented a decrease of $0.02 per share or 1.48%.
In a press release August 6, 2008, US Gold announced that drilling has resumed on its Cortez Trend properties. The Company's primary objective in Nevada is to discover the next Cortez Hills deposit. Cortez Hills, owned by the world's largest gold producer, is Nevada's largest gold discovery of the past decade and located just 10 miles (16 km) north of US Gold. US Gold's 2008-2009 Nevada exploration program will consist of approximately 50,000 ft. (15,240 m) of drilling. Exploration will focus on the Gold Bar property and Tonkin, where US Gold recently published an updated NI 43-101 resource estimate (Measured + Indicated 1,447,000 ounces of gold at a grade of 0.041 ounces per ton (opt) and Inferred 311,000 ounces of gold at a grade of 0.033 opt). Both projects are situated in Nevada's prolific Cortez Trend.
According to Rob McEwen, Chairman and CEO of US Gold, "During the first half of 2008, US Gold undertook a detailed analysis of its prior results to determine where the greatest odds of discovering the next Cortez Hills exist. A lot of people thought we had abandoned Nevada and shifted our focus to Mexico. Nothing could be further from the truth! After making significant changes to our program in Nevada, I believe we have improved the odds of making a discovery."
US Gold Corporation is a United States based gold exploration company exploring throughout northeastern Nevada and has recently begun exploration in Mexico. The Company has large land holdings and a good treasury. US Gold's shares trade on the American and Toronto Stock Exchanges under the symbol UXG.
BabyBulls.com profiles early stage microcap and growth stocks that provide innovative products or services resulting in potentially "hyper-growth" opportunities. Often, these companies have yet to be recognized by Wall Street and the undiscovered nature of BabyBulls.com's profile companies provide our members the opportunity to learn about these companies at their development stage, and more importantly before they possibly "turn the corner" and get exposed to a much larger investing audience.
Babybulls.com (www.babybulls.com) has prepared all material herein based upon information believed to be reliable. The information contained herein is not guaranteed by BabyBulls.com to be accurate, and should not be considered to be all-inclusive. BabyBulls.com is a leading information resource for evaluating investment opportunities in small and microcap stocks. We focus on a limited number of companies in order to provide comprehensive coverage, including unique investment related features not available anywhere else on the Internet. To feature a company or to get more information, please visit us at www.babybulls.com or email us at info@babybulls.com BabyBulls.coms affiliates, officers, directors and employees may also have bought or may buy the shares discussed in this opinion and may profit in the event of a rise in value. BabyBulls.com will not advise as to when it decides to sell and does not and will not offer any opinion as to when others should sell; each investor must make that decision based on his or her judgment of the market. BabyBulls.com has the following compensation arrangements with the companies profiled or mentioned in this press release: Nayarit five thousand dollars per month on a month by month basis and one hundred twenty five thousand options at C$0.50. The companies that are discussed in this opinion have not approved the statements made in this opinion. This opinion contains forward-looking statements that involve risks and uncertainties. This material is for informational purposes only and should not be construed as an offer or solicitation of an offer to buy or sell securities. BabyBulls.com is not a licensed broker, broker dealer, market maker, investment banker, investment advisor, analyst or underwriter. Please consult a broker before purchasing or selling any securities mentioned herein. To view full disclaimers, go to http://www.babybulls.com/disclaimer.htm.
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