MIAMI, Feb. 23, 2005 (PRIMEZONE) -- Stock Market Alert's watch list includes: Bullion River Gold Corp. (OTCBB:BLRV), Harmony Gold Mining Co. (NYSE:HMY), Sirius Satellite Radio (Nasdaq:SIRI) and Merck & Co., Inc. (NYSE:MRK).
Bullion River Gold Corp. (OTCBB:BLRV) issued a press release that may really get investor's attention. Late yesterday afternoon, the company announced that it has expanded its Feasibility Study for its French Gulch mine with in-house calculations for the Capital and Operating Costs. Before the news was released, the company's stock closed at around ninety-cents a share.
The press release stated that Mr. Glenn C. Blachford, the company's Vice President of Engineering is spearheading the efforts to adjust previous estimates and calculations for bringing the French Gulch Mine into production in 2005. Based on a Scoping Study from 2004, all numbers are being reevaluated and adjusted to the latest cost factors before being presented to an independent engineering firm, which will ensure highest quality standards.
The press release also stated that underground core drilling continues on-site with 11 holes completed. The first five holes have been completely logged and assays are pending. The surface RC drilling has been suspended and will be replaced by core drilling in the near future.
Bullion River recently added to its team Mr. Dan Graves as Vice President Finance and Ms. Leann Pinguelo as Investor/Public Relations Manager.
Bullion River Gold Corp. is an America-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: Harmony Gold Mining Co. (NYSE:HMY) up 3.4% on 2.6 million shares traded, Sirius Satellite Radio (Nasdaq:SIRI) down 5.2% on 85.7 million shares traded and Merck & Co., Inc. (NYSE:MRK) down 4.2% on 35.9 million shares traded.
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