SARASOTA, Fla., Dec. 29, 2004 (PRIMEZONE) -- The following is an investment opinion issued by eLocity Inc.: Bullion River Gold Corp. (OTCBB:BLRV), Blockbuster Inc. (NYSE:BBI); Hollywood Entertainment Corp. (Nasdaq:HLYW) and Lexar Media Inc. (Nasdaq:LEXR)
Aggressive stock traders and investors, have a look at this company; Bullion River Gold Corp. (OTCBB:BLRV). Tuesday morning Bullion River Gold Corp. issued a press release announcing that they have contracted SRK Engineering, one of the most experienced and best reputed engineering companies, to conduct metallurgical testing on its French Gulch ore and to start engineering for the expansion of its existing gravity and flotation mill from 216 tons/day to 500 tons/day. SRK Engineering will work with Bullion River in order to ensure strict adherence to Bullion River's Quality Assurance/Quality Control program and will eventually perform the reserve and resource calculations according to Canadian NI 43-101 standards.
Drilling on the French Gulch mine will start in early January 2005 and will verify existing amounts of high grade gold ore as well as deliver a better picture of the overall potential of the mine. A significant surface drill program of about 15,000 ft aims to confirm the extension of known vein systems and test new vein systems found by Bullion River. The 25,000 ft underground drilling will define the existing resource, the extensions of existing ore shoots and determine the mineability of non-mined veins.
Bullion River's President Peter M. Kuhn states: "We are pleased to contract with SRK, one of the most experienced and best reputed engineering companies. SRK's involvement in the previous assessment of the French Gulch mill and their understanding of Bullion River's goal to fast track the programs to bring French Gulch into production in 2005, are very important. Bullion River understands the need to have the best people, methods and equipment in place in order to develop this mine in a faster pace than usual in the mining industry!"
About Bullion River Gold Corp.
Bullion River Gold Corp. is an American based mineral exploration company focusing on regions containing gold-silver deposits predominantly located in the Southwest United States. The company presently has a total of seven properties, of which five are located in Nevada. Three of these properties are considered advanced projects and two are considered grassroots projects. The two remaining properties are in California. Both of these properties are past producers.
BLRV is currently trading around .93 cents a share
Other Stocks of Interest Tuesday;
Blockbuster Inc. (NYSE:BBI); Hollywood Entertainment Corp. (Nasdaq:HLYW)
In-home rental and retail movie and game entertainment provider Blockbuster Inc. (NYSE:BBI), announced Tuesday that it plans to begin a cash tender offer by mid-January to acquire the entire outstanding shares of Hollywood Entertainment Corp. (Nasdaq:HLYW) for $11.50 per share in cash. Blockbuster said that its planned tender offer represents a substantial premium over $10.25 per share provided in the current merger deal between Hollywood and the buying group comprised of Leonard Green Partners and Hollywood's chairman, Mark Wattles.
BBI closed Tuesday's regular trading session at $9.33 on volume of 1.1 million shares, while HLYW ended the session at $13.16, on volume of 1.6 million shares.
Lexar Media Inc. (Nasdaq:LEXR)
High-performance digital media developer and manufacturer, Lexar Media Inc., and Laser Computer Ltd. announced Tuesday that they have entered into an alliance that would allow Laser to distribute Lexar's digital media and accessories in China. Laser said that to drive sales of Lexar's branded memory cards and JumpDrive USB flash drives, it would be rolling out a sales campaign in major cities featuring Lexar products prominently in all the shops across the ten provinces of China.
LEXR closed Tuesday's regular trading session at $7.93 on volume of 1.9 million shares.
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