Gold American Mining Corporation (OTC- SILA) is a Solvent Stock
SolventStocks Newsletter
Good Morning Traders, Our most recent gold stock, GSTP closed at $2.14 Friday, up about 3.8% on the week. This puts GSTP up 12.63% in the past month, and more than 14% in the past 90 days.
Throughout the week, GSTP received positive attention, and volume has picked up accordingly. As we mentioned previously, GSTP, a higher priced stock, wasn`t going to be a short-term gainer.
Our new gold stock, SILA, however, could be gearing up for some excitement this upcoming week.
Gold American Mining Corporation (OTC: SILA) is a gold exploration company focused on the aggressive, ongoing acquisition and exploration of holdings with rich precious metals production potential.
Earlier this month, SILA began drilling operations at its Guadelupe Property in Mexico. According to a September 20, 2010 press release, the Company`s primary goal of the 2,500-meters drill program is to test 6 veins on the property that have been identified so far. SILA`s second goal is to test the strong geophysical targets generated from a recently completed geophysics program “that was successful in identifying several significant chargeability and magnetic susceptibility anomalies occurring at depth.” SILA`s Guadalupe drill program started on October 7th, at an average drilling rate “greater than 60 meters per day.” The first set of assay results are expected in 4 to 6 weeks from the start of drilling, and SILA is “look[ing] forward with anticipation to the assay results which will begin to reveal what the Guadalupe Property contains as a silver-gold resource.” Based on Friday`s trading activity, it seems the Company is not alone in their excitement for potential future developments.
Friday, SILA`s volume exceeded its 3 month average, and the stock gained 4.23%, closing at $0.74 per share. Although SILA closed in the green Friday, this gold stock is down 30% from its recent high of $1.06, and nearly 50% off its 52-week high of $1.45.
We wanted to alert our members to SILA sooner than later so they are able to adequately conduct their own due diligence.
View the Company`s website http://clicks.aweber.com/y/ct/lwxg&m=JPWKOS1gRhWz6t&b=eCTy1qTcaPHUu1_sYoQlWw View the Company`s recent headlines http://clicks.aweber.com/y/ct/lwxg&m=JPWKOS1gRhWz6t&b=0kHS3N0Qp1ag9VHSmgoGKA Stay Solvent, Mr. Solvent and the SolventStocks Team Copyright 2010. Solvent Stocks LLC. All Rights Reserved.
*Never invest in a stock mentioned by Mr. Solvent or SolventStocks.com unless you can afford to lose your entire investment. Solvent Stocks LLC has not been compensated by, nor holds any position in, any company mentioned in this email. This correspondence is not a recommendation or offer to buy or sell securities. We are not a broker or investment advisor.
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Stay Solvent, Mr. Solvent Solvent Stocks LLC, 5 Brewster Street, Glen Cove, NY 11542 To
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