RE: 60 centsjimball you have a lot to learn my friend. Read the article below and get yourself in the loop!!! This is no longer a gold stock. Its a uranium stock now and you are going to be amazed at what some astute investors will be paying for TAL in a few months because it could be a whole lot more than 60 cents!!!
TRI-GOLD RESOURCES CORP
Pinnacle Digest: Tri-Gold Resources Corp: Sector Insight
2/23/2007
Feb 23, 2007 (M2 PRESSWIRE via COMTEX News Network) --
Tri-Gold Resources Corp (TSX-V: TAL) had a solid day in the markets Thursday, as shareholders witnessed their company's share value increase 28.57% following the exchange of 1,125,000 shares trading hands before the sound of the closing bell. The share price ranged $0.07 throughout the day, settling on $0.27 at day's end. PinnacleDigest believes that the health of the uranium sector has a significant impact on companies such as Tri-Gold Resources. Our research team decided to take a closer look at this volatile industry. To continue this read and find out why our client base continues to grow, come explore www.pinnacledigest.com.
Uranium has been at the forefront of commodity news throughout the early part of February. Both corporate and political events have been shaping this industry since the start of the New Year. For those who have not been following this booming sector let's review.
In the fall of 2006, Cameco reported that Cigar Lake, believed to be the biggest undeveloped high-grade uranium deposit in the world with proven and probable reserves of 232 million pounds of uranium oxide, flooded. The result of this catastrophe was the additional strain on uranium supply, not only domestically but also on a global level. This event is still making headlines today as Cameco announced that there would be delays in the rebuilding of this property. Since Cameco is the world's largest producer of uranium, this announcement is sure to have an affect on the markets. The next question is what other events are affecting this booming industry?
In corporate news, representatives from Tri-Gold Resources Corp. announced that Fugro Airborne Survey has completed a 1548 line-kilometer survey over the Tri-Gold Resources / Benton Resources joint venture claim block in the Nipigon Basin of Northern Ontario, located between Nipigon Lake and Lake Superior.
The Electro Magnetic and Magnetic surveys are designed to identify graphitic conductors beneath the Nipigon sandstone formation, which is associated with graphite faults that may control unconformity type uranium mineralization, similar to the Athabasca Basin, home to the largest high grade uranium deposits in the world.
The Nipigon Basin, sometimes referred to as the Sibley Basin, is a Mesoproterozoic (1.6 to 0.9 Ga) continental sedimentary basin that shows many similarities to the uranium-rich Athabasca Basin in northern Saskatchewan. Although these similarities have been recognized since the 1970s, there has been limited previous exploration for uranium. although recently over 7,000 claims have been staked. Overall, the Sibley Group sediments in the Nipigon Basin constitute the least explored of all the Helikian-age sedimentary formation, in Canada, although recently over 7,000 claims have been staked in the area.
The southern part of the Nipigon Basin between Lake Nipigon and Lake Superior has been determined to be most favourable for uranium exploration. In this area, Sibley Group sediments overlie "uranium rich" metasediments and granitic intrusives of the Quetico subprovince. At the northern margin of the Quetico rocks, the basement rocks change to metavolcanics and metasediments of the Wabigoon subprovince, containing abundant graphitic units, sulphide zones and iron formations, all of which represent potential chemical traps for uranium.
The southern part of the Nipigon Basin where the Company's claim group is located is very accessible, with an extensive network of logging roads, allowing overland access for exploration purposes. Recent government airborne radiometric and magnetic surveys and high-density lake sediment surveys have provided an excellent database to guide the Company in project selection and subsequent exploration. PinnacleDigest is interested in this company's progress and will be watching for additional developments in the coming months.
It is our goal at PinnacleDigest to keep investors informed and up-to-date on the sector that most influences their company. We are constantly adding new features to our investment community and believe our unique investment approaches can benefit every investor. The uranium sector plays a pivotal role on a company such as Tri-Gold Resources Corp as well as their overall development and success. To continue this read and to learn more about the uranium sector come explore www.pinnacledigest.com.
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