Progressive Market Review on Oriental Minerals Inc.
3/12/2007
Mar 12, 2007 (M2 PRESSWIRE via COMTEX News Network) --
Please visit www.Streetinvesting.com for the full report.
Bay Street was unable to continue its rally Friday, as financial sector gains curbed resource issue weakness. Energy stocks slipped 0.5% as crude Futures traded down $1.59 to US$60.05 a barrel. Gold shares also exhibited a decline, sliding 1% as the price of gold was off $3.50 at US$652 an ounce. Despite the day\'s rather flat performance, shareholders of 01 Oriental Minerals Inc. (TSX-VTL) were able to see success Monday morning, experiencing a 9.30% up-tick accompanied by a trading volume of approximately 603,767.
Recently, our experienced team of researchers has been placing an increased focus on various companies throughout the Canadian Markets. 01 Oriental Minerals Inc. was one of the prospective companies which we have chosen to bring to your attention.
In some of the most recent news to surface surrounding Oriental Minerals Inc, which we feel may have had an effect on the day\'s success in the marketplace, as well as an ongoing effect on shareholder outcome, Oriental Minerals Inc. was very pleased to announce the drill results received from the Company\'s first drill hole at the Sangdong tungsten-molybdenum project in South Korea. Highlights from SD-01 include an interval grading 2.37% tungsten oxide (WO3), 0.12% molybdenum with 0.34 g/t gold, 0.02% tin and 0.15% bismuth over 6 metres. The initial results indicate mineralization disseminated much more broadly than reported historically and with significant grades occurring almost 70 metres closer to surface than the old mine workings. This has very significant implications, both in terms of the amount of mineralization and the choice of a Future mining method as this former tungsten mine continues to be assessed by Oriental Minerals. Other significant results from the upper portion of hole SD-01 include:
Oriental Minerals is a Canadian-based exploration company exploring for world-class mineral deposits in South Korea. To continue with the full report, more information and research please go to www.streetinvesting.com
Please visit www.streetinvesting.com for a complimentary subscription to access this issuance and other related in-depth articles. Please note that membership does not require credit card information nor does it require a commitment to our service.
We have initiated this news release as a tool to keep investors informed about the market. The information contained herein comes from an unbiased perspective and we do not have a vested interest in the companies mentioned in this release. Becoming a member to www.streetinvesting.com will give you access to all the on-going information and investment news that we come across.
Investors wishing to seek a different approach to their investment theories and concepts and to be informed of unique investment opportunities should also visit www.streetinvesting.com for a free membership.
About Street Investing
Streetinvesting.com has now become a leading online financial newsletter community with thousands of investors from around the world. Our goal is to bring our theories and techniques to investors seeking a different and unique approach to investment ideas. We have a research team that has been built upon the premise of finding companies that we feel may interest investors looking for that unique and tactical edge. More information can be found on our website at www.streetinvesting.com
If you have been brought here under false pretense, please let our staff know by emailing us at support@streetinvesting.com. Please feel free to visit our site for more information and a free membership.
This news release shall not constitute an offer to sell or the solicitation of any offer to buy securities in any jurisdiction.
All material herein was prepared by Streetinvesting.com (Street Investing) based upon information believed to be reliable. The information contained herein is not guaranteed by Streetinvesting.com to be accurate, and should not be considered to be all-inclusive. 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. Streetinvesting.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 viewed on or mentioned herein. Streetinvesting.com may receive compensation in cash or shares from independent third parties or from the companies mentioned.
Streetinvesting.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.
This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may", "future", "plan" or "planned", "will" or "should", "expected," "anticipates", "draft", "eventually" or "projected". You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a companies\' annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission.
You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and Streetinvesting.com undertakes no obligation to update such statements.
M2 Communications Ltd disclaims all liability for information provided within M2 PressWIRE. Data supplied by named party/parties. Further information on M2 PressWIRE can be obtained at www.presswire.net on the world wide web. Inquiries to info@m2.com.
(C)1994-2007 M2 COMMUNICATIONS LTD
Zurück
