WESTON, Fla., April 20, 2005 (PRIMEZONE) -- Wall Street News Alert's "stocks to watch" this morning are: Bullion River Gold Corp. (OTCBB:BLRV), Weyerhaeuser Company (NYSE:WY), Freeport-McMoRan Copper & Gold Incorporated (NYSE:FCX) and Phelps Dodge Corp. (NYSE:PD).
Aggressive investors and day traders may be watching Bullion River Gold Corp. (OTCBB:BLRV) again this morning! The company issued a press release announcing additional strong assay results from its underground core-drilling program at its French Gulch mine near Redding, California.
This could be more good news for investors! To date, 30 core holes have been completed with assays received for the first 21 holes. According to the company's press release, remarkable are the multiple hits in several holes across the Washington vein area, representing additional vein systems parallel to the Washington vein, and increasing the total mineable reserve potential. While these zones are narrow, the multiple veins invite additional drilling.
Peter M. Kuhn, President of Bullion River Gold Corp. remarks: "The continuous presence of additional veins parallel to the Washington vein is very encouraging and elevates the originally anticipated gold potential substantially. Our efforts will focus on delineating reserves as well as exploring and increasing the overall high-grade gold potential of this soon to be producing mine."
Investors continue to watch the progress of Bullion River Gold! Dr. Jacob Margolis, VP Exploration states: "We had indications of multiple veins in the Washington mine, but we are certainly confirming this now. The geometries and grades along these veins need to be evaluated, but we are certainly anticipating additional strong results in the Washington vein area."
For more in-depth coverage of Bullion River Gold, visit http://www.backissuesofnewsalerts.us/BLRV0419.html
The stock closed yesterday at ninety-one cents a share.
In case you are not familiar with the company: Bullion River Gold Corp. is an American based mineral exploration company focusing on gold-silver deposits predominantly in the western United States. The company presently has seven properties, five of which are 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.
Stocks showing interesting activity yesterday at the close of the regular trading day were: Weyerhaeuser Company (NYSE:WY) down 0.2% on 2.7 million shares traded, Freeport-McMoRan Copper & Gold Inc. (NYSE:FCX) up 2.8% on 3.2 million shares traded and Phelps Dodge Corp. (NYSE:PD) up 4% on 3.7 million shares traded.
Commentary:
"Housing starts, in a report released from the Commerce Department, for March fell 17.6%, the biggest drop in 14 years. Both single family and apartment starts dropped in March. This is the sharpest decline since March of 2000. Economists are quick to point out that this does not signify a trend that would take six months, according to them," stated Sonja Rudd in Wall Street News Alert's daily commentary continued at: http://www.WallStreetNewsAlert.com.
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