With Gold continuing to lead the commodity sector it appears that if many analysts in recent months have said Gold prices will go higher. In fact the chairman and chief executive officer of U.S Gold Corp predicted that gold could more than quadruple to hit the $5,000 level by 2012. Some experts have labeled this expected move as a looming "superspike."When this happens, gold is likely to create a whole new generation of millionaires and even a few new billionaires especially after the recent Gold frenzy where investors are looking to purchase all bullion available. Despite this prediction projected at being several years away, the wise investor recognizes both the importance and the potential of investing in gold.
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Wall Street Grand LLC, a leading financial newsletter is pleased to announce to the investment community and Wall Street Grand members of a new stock to watch, Pengram Corp, (PNGM). Before you read the all the details PNGM put out news yesterday to acquire an option to earn up to an 85% interest in four mineral concessions located on the Monado Gold Property.
Under the terms of the Agreement, the Company has agreed to pay $35,000 to the owner of the Manado Gold Property for the exclusive right for 90 days to formalize an agreement to earn up to an 85% undivided interest in the Manado Gold Property. After the 90 day period, the Company may elect to exercise its options to enter into the Acquisition Agreement and will have 30 days to finalize the formal Acquisition Agreement. Read the entire article:
http://finance.yahoo.com/news/Pengram-Corporation-Signs-an-iw-145044474.html?x=0&.v=1
PNGM has a portfolio of five strategic gold properties. The Fish Project, The Golden Snow Project, and The CPG Project are located in Nevada. The Fish Project is situated within the Walker Lane Mineral Belt, Lone Mountain District, Esmeralda County, Nevada. Gold values ranging from less than 0.002 ounces per ton, to 0.307 ounces per ton.Silver values ranging from less than 0.01 ounces per ton, to 32 ounces per ton. Zinc values ranging from 0.01% to 32.8%. And lastly lead values ranging from less than 0.01% to 16.4%.
The Golden Snow Project property is located in Eureka County, Nevada. The Golden Snow Project is also contiguous to the southern end of Staccato Gold's South Eureka property, where Staccato has identified several mineralized areas and has defined a gold resource estimate at the Lookout Mountain deposit. Substantial exploration and detailed ground-based gravity geophysical surveys have been conducted. Based on this work, several distinct target zones have been outlined. These target areas are well located and permitting with the U.S. Bureau of Land Management (BLM) for a Phase I drilling program is set to begin.
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The CPG Project is situated within the Walker Lane Mineral Belt, Mineral County, Nevada. The project consists of 44 unpatented lode mining claims or 1.3 square miles. The Walker Lane Mineral Belt of western Nevada, is highly mineralized, containing several world-class epithermal precious metals deposits, such as the Comstock Lode (estimated production of 8.6 million ounces of gold and 192 million ounces of silver), and Round Mountain (over 10 million ounces of gold produced since 1906). It also contains porphyry copper deposits, such as Yerington (1.75 billion pounds of copper produced from 1953-1978 by the Anaconda Copper Company).
The Clisbako Property and The Texada Gold Property are located in British Columbia. The Clisbako Property is located in the Cariboo Mining Division of British Columbia, consisting of approximately 3,388 hectares (13 sq.miles or 8,372 acres) 125 kilometers west of the city of Quesnel.
Three-phase continuing exploration program to be undertaken on the property to determine the prime localities of mineralization on which to focus concentrated exploration.
The Texada Gold Property where PNGM also staked and acquired a 100% interest in a property called the "Texada Gold Property." The Texada Gold Property is comprised of five mineral claims and is located on Texada Island, British Columbia.
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