WESTON, Fla., Feb. 8, 2005 (PRIMEZONE) -- Wall Street News Alert's "stocks to watch" this morning are: Andresmin Gold Corp.(OTCBB:ADGD), DRDGOLD Ltd. (NASDAQ:DROOY), Barrick Gold Corp. (NYSE:ABX) and General Electric Company (NYSE:GE).
Aggressive investors and traders may want to watch Andresmin Gold Corporation (OTCBB:ADGD) this morning! Yesterday after the markets closed, the company issued a press release reporting results from the recent work program on its Winicocha Copper Gold Porphyry Project.
The results could be good news for investors! According to the press release, the work has further confirmed and defined the previously identified copper gold and molybdenum anomalous areas. It has also extended these anomalous areas to the northeast, northwest and southeast, and they remain open in those directions.
Investors watch this one! A geophysics program of Induced Polarization, Resistivity and Ground Magnetics is planned to commence immediately to cover the newly discovered areas of anomalous gold, copper and molybdenum and further investigate the Clavella 2 claim block. See the company's press release for specific sample results.
For more in-depth coverage of Andresmin Gold, visit www.backissuesofnewsalerts.us/adgd0207.html
Prior to yesterday's press release, the stock closed yesterday at around Sixty Six cents a share.
In case you are not familiar with the company: Andresmin's mission includes acquisition, exploration, and development of high quality mineral projects in the prime Central Andes region of South America, which annually produces 42% of the world's copper (over $18 billion each year). The company has an impressive property portfolio with ten projects of merit encompassing 16,400 hectares of strategically located and highly prospective ground. The Winicocha copper-gold project in southern Peru is Andresmin's flagship project. Recent sampling found a geochemical anomaly with grades ranging to 1.0% copper and 5.0 grams per tonne gold, and coincident geophysics has outlined three large anomalies. Exploration is ongoing on all projects.
Stocks showing interesting activity yesterday at the close of the regular trading day were: DRDGOLD Ltd. (NASDAQ: DROOY) even on 2.9 million shares traded, Barrick Gold Corp. (NYSE: ABX) down 1.8% on 2.3 million shares traded and General Electric Company (NYSE: GE) down 0.06% on 13.8 million shares traded.
Commentary:
"Thursday will see the U.S. trade gap numbers for December. The deficit hit a record of $60.29 billion in November, mainly due to strong oil demand and consumer goods. The overall deficit for the year 2004 will top $600 billion according to the Commerce Department," Stated Sonja Rudd in Wall Street News Alert's daily commentary continued at: http://www.WallStreetNewsAlert.com.
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