MIAMI, April 26, 2005 (PRIMEZONE) -- Stock Market Alert's watch list includes: Bullion River Gold Corp. (OTCBB:BLRV), Cisco Systems, Inc. (Nasdaq:CSCO), Calpine Corporation (NYSE:CPN) and Nucor Corp. (NYSE:NUE).
Bullion River Gold Corp. (OTCBB:BLRV) issued a press release that may really get investor's attention. Late yesterday afternoon, the company announced that metallurgical testing on samples from its French Gulch mine indicates greater than 90% gold recoveries. McClelland Laboratories, Inc. of Reno conducted the tests under the supervision of SRK Consulting. Combined gravity and flotation tests on bulk samples collected from underground vein exposures in the Washington mine yielded 96.1 to 99.5% gold recovery from the Lucky-7 vein (3 samples) and 91.8% recovery from the Washington vein (1 sample). Before the news was released, the company's stock closed at around ninety nine cents a share.
The press release also stated that the underground drilling program at French Gulch completed 31 holes, and visible gold continues to be intersected. Drilling is continuing across the Washington vein, with hole RBU-28 intersecting visible gold 300 feet west of previously-mined areas, and RBU-23 intersecting 4 quartz veins with visible gold within 30 feet of core length. Hole RBU-31 is the deepest penetration of the vein, about 400 feet below the nearest mined levels. Although no gold was seen, the hole intersected quartz veins containing minor galena and sphalerite, minerals that are very strong indicators of gold mineralization in the district, indicating that it should be expected that more gold will be found in that area.
Peter M. Kuhn, President of Bullion River Gold Corp. states, "The results from the metallurgical testing exceeded by far our expectations for gold recovery, particularly for the Lucky-7 ore, with environmentally friendly gravity and flotation methods only being used. Gold recovery over 95% is excellent by industry standards. Again these results are another very positive step toward production in 2005."
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.
Other Stocks of interest yesterday were: Cisco Systems, Inc. (Nasdaq:CSCO) up 0.2% on 39.3 million shares traded, Calpine Corporation (NYSE:CPN) down 6.3% on 41 million shares traded and Nucor Corporation (NYSE:NUE) up 0.3% on 3.1 million shares traded.
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