WESTON, Fla., Dec. 20, 2004 (PRIMEZONE) -- Wall Street News Alert's "stocks to watch" this morning are: Madison Explorations Inc. (Pink Sheets:MDEX), Zoltek Companies, Inc. (Nasdaq:ZOLT), Motorola, Inc. (NYSE:MOT) and Las Vegas Sands Corp. (NYSE:LVS).
Aggressive investors and traders should look at Madison Explorations Inc. (Pink Sheets:MDEX) again this morning! Friday after the markets closed, the company issued a press release announcing that it has successfully established a new claim block in Southern Saskatchewan "Wood Mountain North."
This could be great news for investors! This claim group includes two circular anomalies identified by a past aero-magnetic survey. It is located in the Wood Mountain region, which has been designated as an area high in diamond potential by the Saskatchewan Geological Survey due to the abundant kimberlitic indicator minerals found.
The claim covers 1,024 hectares, or 2,530 acres. This brings the total area of land holdings to 6,400 hectares or 15,814 acres over four claim targets.
Investors watch this one as the company's prospects unfold! According to the press release, Madison will be exploring each of its properties in the first quarter 2005. This will commence with a drill program at Scout Lake in January after successful MMI (Metal Mobile Ion) survey and ground magnetics programs to identify the drill targets.
It was just last week that the company issued a press release announcing the past indicator results at their Bronco Exploration Target. The Bronco target lies within a diamond potential region, as identified by the Saskatchewan Geological Survey. Interpretations of the results were favorable and will lead to additional exploration in the area.
For more in-depth coverage of Madison Explorations, visit http://216.63.242.254/MDEX1219.htm
The stock closed Friday at around forty-six cents a share.
In case you are not familiar with the company: Madison Explorations, Inc. is a progressive mineral exploration company focusing on the discovery of diamonds. The Company has a portfolio of three highly prospective diamond properties located in one of Canada's newest diamond exploration regions in Southern Saskatchewan.
Stocks showing interesting activity yesterday at the close of the regular trading day were: Zoltek Companies, Inc. (Nasdaq:ZOLT) up 21.9% on 1.1 million shares traded, Motorola, Inc. (NYSE:MOT) down 0.8% on 19.5 million shares traded and Las Vegas Sands Corp. (NYSE:LVS) up 7.9% on 4.7 million shares traded.
Commentary:
"Crude futures topped $46 a barrel Friday to tally a nearly 14 percent gain for the week as cold U.S. weather, fresh terrorism threats, a bankruptcy filing by Russian oil giant Yukos, and OPEC's impending output cut combined to fuel concerns about a tightening of global supplies. Crude for January delivery closed at $46.28 a barrel on the New York Mercantile Exchange, its highest close since November 30," stated Sonja Rudd in Wall Street News Alert's daily commentary continued at: http://www.WallStreetNewsAlert.com.
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