Del Mar 6/11/2009 11:00:00 PM
News / Finance

Historical Reports of Local Gold Take-Out Around 2g/t - ELRA

Elray Resources, Inc. is a junior exploration and development Corporation which has successfully accumulated a portfolio of highly prospective, heavily mineralized mining tenements in South East Asia.

Del Mar, California – WallStreetStockReview.com Reports on Stocks to Watch:

 

Elray Resources, Inc. (OTC BB: ELRA), Palm, Inc. (NASDAQ: PALM), Northern Oil and Gas, Inc. (AMEX: NOG), Verizon Communications Inc. (NYSE: VZ), SpongeTech Delivery Systems, Inc. (OTCBB: SPNG)

 

Featured Stock:

 

Elray Resources, Inc.

(OTC BB: ELRA)

www.WallStreetStockReview.com

 

Elray Resources, Inc. portfolio includes multiple areas with history of small scale mining. Grab samples on these properties have ranged up to 71.9grams/tonne gold. The Company holds 100% of the license for these properties.

 

Elray Resources, Inc. is proving that they are on the right track and creating a tremendous opportunity for shareholders with the confirmation of a Geologist report that shows the significant presence of gold and zircon deposits. The project area has reportedly played host to traditional gold and zircon mining for more than 100 years with reports of locals gold take-out at around 2g/t.

 

With analysts anticipating the continued rise in gold price as worries over rising oil prices and a weaker dollar spark a move to safer assets. ELRA is in a great position to benefit from this scenario with gold being their major focus.

 

Elray Resources, Inc. is a junior exploration and development Corporation which has successfully accumulated a portfolio of highly prospective, heavily mineralized mining tenements in South East Asia. Elray Resources, Inc.'s, primary objective is to source projects, conduct geological assessments and seek Joint Venture partners to develop the properties.

 

 

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Other Stocks to Watch

Palm, Inc.

(NASDAQ: PALM)

Palm, Inc. provides mobile products for individual users and business customers worldwide. The company offers integrated technologies that enable people to stay connected with their family, friends, and colleagues; access and share the information; and manage their daily lives on the go.

 

Northern Oil and Gas, Inc.

(AMEX: NOG)

Northern Oil and Gas, Inc. engages in the acquisition, exploration, exploitation, and development of oil and natural gas properties in the Rocky Mountain Region of the United States.

 

Verizon Communications Inc.

(NYSE: VZ)

Verizon Communications Inc. provides communication services in the United States and internationally.

 

SpongeTech Delivery Systems, Inc.

(OTCBB: SPNG)

SpongeTech Delivery Systems, Inc. designs, produces, and markets unique lines of reusable cleaning products for car care, child care, home care, and pet care usages.

 

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