Spartan Gold Limited (OTC BB: SPAG), a U.S.-based junior gold mining company engaged in the exploration, development, and production of minerals properties. The company has released statements that it has the intention of producing gold at its various mining sites.
Based in Scottsdale, Arizona, the Company primarily explores for gold, silver, and other precious mineral resources. The Company holds options to acquire mineral concession rights in the Poker Flats gold prospect located in the Carlin-Rain region, and the Ziggurat gold prospect located in the Round Mountain-Northumberland Mining District, both in Nevada. In addition, it also owns the mineral rights to a gold prospect located in the northeast region of Alabama in the historical Arbacoochee Mining District.
The Company is currently focused on commencing drilling activities at its three mining prospects and exploring additional acquisition opportunities Based on management estimates, the Company’s total gold reserves are estimated at over 4.1 million ounces.
In addition to gold, these properties are also expected to hold silver and other precious metal deposits. Based on estimated long term future prices of these precious metals, estimated cost of extraction and production, the total value of these reserves is forecasted in excess of $1.5 billion. SPAG has raised the necessary initial capital to initiate drilling activities at its current asset base
As anticipated, 2010 was an outstanding year for gold. Driven by the revival of the Indian market and strong momentum in Chinese market, demand for gold in 2010 reached a 10-year high of 3,812.2 tonnes, a year-on-year increase of 9.0%.
Stocks to Watch: SPARTAN GOLD LTD (OTCBB:SPAG), Apple Inc. (NASDAQ:AAPL), Staples Inc. (NASDAQ:SPLS), MultiCell Technologies Inc. (OTCBB:MCET), Washington Mutual, Inc. (PINK:WAMUQ), ValCom Inc. (PINK:VLCO)
Todays Focus Stock: OTCBB:SPAG
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Featured Stock:
SPARTAN GOLD LTD
(OTCBB:SPAG)
Other Stocks to Watch:
Apple Inc. (NASDAQ:AAPL)
Apple Inc. (Apple) designs, manufactures and markets a range of personal computers, mobile communication and media devices, and portable digital music players, and sells a range of related software, services, peripherals, networking solutions, and third-party digital content and applications
Staples Inc. (NASDAQ:SPLS)
Staples, Inc. (Staples), is an office products company. As of January 29, 2011, Staples served customers of all sizes in 26 countries throughout North America, Europe, Australia, South America, and Asia
MultiCell Technologies Inc. (OTCBB:MCET)
MultiCell Technologies, Inc. (MultiCell) is a biopharmaceutical company. MultiCell is engaged developing therapeutics and discovery tools to address unmet medical needs for the treatment of neurological disorders, hepatic disease, cancer and interventional cardiology and peripheral vessel applications.
Washington Mutual, Inc. (PINK:WAMUQ)
Washington Mutual, Inc. (Washington Mutual) is a consumer and small business banking company with operations in United States markets.
ValCom Inc. (PINK:VLCO)
ValCom, Inc. is a diversified entertainment company. The Company is engaged in television production for network and syndication programming, motion pictures, and real estate holdings, however, revenue is primarily generated through the lease of the sound stages and production
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