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Golden Hope Repeats Long Intercept in Wedge Holes with 1.27 g/t Au Over 57 M

Posted by AGORACOM-JC at 9:43 AM on Monday, March 5th, 2012

Golden Hope Mines recently announced further significant results from its 2011 drill campaign in southeastern, Quebec. The company received results from the wedge holes BD2011-167a and BD2011-167b.

The two wedges repeat the 53m long intersection of 0.63 g/t Au found in previously announced hole BD2011-167 with a 56m long interval of 0.75 g/t Au in BD2011-167a and a 57m long interval of 1.27 g/t Au in BD2011-167b. At its bottom extremity, the wedge also confirms the previously encountered mineralization found in BD2011-167 as BD2011-167a intersected 5m of 2.59 g/t Au including 1m of 12.40 g/t Au. The horizontal extent of this zone is still under investigation with more drilling planned in the immediate vicinity.

“The wedges confirm the presence of the mineralized zone of gold and in particular repeat the previous announced results from hole 167. We are pleased with the amount of important information that we continue to accumulate as we move closer to our initial goal of a resource estimate at Bellechasse-Timmins” states Frank Candido, President, Golden Hope Mines Limited.

About Golden Hope Mines Limited:

Golden Hope Mines Limited is a mineral exploration company that seeks to grow shareholder value through the acquisition, exploration and development of potentially large-scale gold and base metal projects suitable for underground and/or open-pit mining. The company’s focus is in southeastern Quebec, Canada. The company’s claim blocks lie within an area that extends approximately 100 kilometres along the Appalachians of southern Quebec from near Ste-Lucie-de-Beauregard to about 16 kilometres southwest of Beauceville.

Corporate Website / Golden Hope Hub

$TSXV Week in Review

Posted by AGORACOM at 5:52 PM on Sunday, February 26th, 2012

The $TSXV had another strong week. I was definitely looking for a correction, but that has yet to materialize – we may just rock ‘n’ roll into PDAC. I remain confident that the good issuers will prevail and the cream will rise in addition to certain hot sectors like Graphite and precious metals that will bring volume in. I am also keeping a close eye on Uranium and some interesting biotech issues.

There are a few points that I noticed this week that stood out:

  • Market Internals: Long side momentum players and the “Jitney Magic Men”(broker code 99 that takes out those key levels in the blink of an eye) are all over issues with good news and price levels to be taken out.
  • Risk Appetite: There is a sense that the worst is behind us and money is flowing into the speculative issues. There is money available to fiance projects of merit. Retail can follow this via http://canadianfinancing.com/
  • The CRB Index: The CRB index is crossing it’s 200EMA and is trending very nicely.

Here is where the $STXV stands going into Monday morning:

I’d like to see some larger trading ranges and divergence added to the MACD but I will take the levitation. I want to see that ADX continue to rise and would love to see more volume in this market.

By the way has anyone else been hearing about Zinc? Is it just me or it starting to make noise again?

$TSXV Week in Review

Posted by AGORACOM at 9:53 PM on Saturday, February 18th, 2012

I though we were going to see  sell off into the end of the week as per my risk off post, but it looks like the equity markets are going to push higher and the $TSXV is going to challenge that 1,673 high – caveat: beware of a double top here and that November high. That being said, I remain relatively hesitant to take new speculative long positions but will re-enter into names I know, those that I believe offer a good value proposition. The overall volume on the $TSXV is in decline but we did start this rally on less. Again, ultimately I think 2012 will be a great year, but I would like to see a correction from the  post Xmas rally we have been seeing.

Here is where the $TSXV stands on the daily:

Here is the weekly view…. We need more volume flowing into this market to keep marching forward but this looks very promising for the rest of the year.