SmallCapReview.com a leading site for news and information on small caps, penny stocks and microcaps is adding Source Gold (SRGL) to its list of stocks "On the Radar".
Source Gold Corp. (SRGL) is a junior mineral exploration company whose corporate philosophy is to build shareholder value through the exploration and development of high quality mining and exploration projects in Canada, concentrating on gold in the prolific Beardmore-Geraldton Gold Camp in North Western Ontario.
The recent rise of the price of Gold has reignited exploration in the Greenstone Belts of North Eastern Canada. Over 184 million ounces of Gold have been produced to date from this region. Particularly interesting is the Beardmore-Geraldton Gold Camp, which has produced in excess of 4.1 million ounces of Gold. Source Gold Corp. has strategically acquired the KRK West Property, which hosts two previously producing mines and shows impressive mineralization overall. This acquisition has positioned Source Gold Corp. in the midst of some of the largest recent discoveries to date. An initial trenching and sampling program has uncovered a number of highly mineralized areas of interest.
SRGL Investor Highlights
Announced that it has acquired 100% ownership in further claims in the Beardmore Geraldton area of Thunder Bay in Northern Ontario, Canada. The Beardmore-Geraldton Gold Camp is home to some of the largest gold deposits in the world.
Over 184 million ounces of gold have been produced to date from the Greenstone Belts of North Eastern Canada.
Source has acquired 100% ownership of a total of 21 claims. These claims provide a total of total of approximately 12,440 acres spanning the townships of Beardmore Area (Kitto Township), Dorothea and Sandra townships.
Claim staking activity is taking place in an area in close proximity to a previously producing mine. This mine had produced approximately 150,000 ounces of gold and 20,000 ounces of silver. The mine was shut down and reopened several times due to a rise or fall in market conditions for the underlying commodity.
Announced it has begun its 2010 spring / summer exploration program on its KRK West property in the Beardmore Geraldton Greenstone Belt in Ontario. Source's initial exploration program indicated high grade copper and gold mineralization areas. The three main areas of interest discovered in our initial exploration are the Little Brother, Peddle Lake and Musca Lake areas.
Announced that it has received very positive gold and copper values on initial assays from a trenching program carried out on the KRK West Property. An initial trenching and sampling program has uncovered a number of new highly mineralized areas of interest.
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