BLSM (Coyote Resources Inc) is a Gold Mining Company Positioned to Join the Gold Rush!
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As we all know, Gold prices reached a new Milestone yesterday breaching the 1,400. per ounce barrier for the first time in history! There is no way to downplay the importance of this new milestone. Investors are clearly sending a message that they are protecting themselves from future inflation and the devaluing of the US Dollar – and they are doing this through the acquisition of GOLD.
As Gold prices break the 1,400./ounce mark, suddenly it doesn`t seem so crazy to believe all the analysts who expect it to reach 2,000./ounce by the end of 2010 and even 5,000./ounce over the next decade! As you know, we here at Epicstockpicks.com, have tried provide our subscribers with only the finest Gold-related companies trading on the markets.
In the past, many of you have made extraordinary gains on the Gold mining and exploration companies we have profiled. In fact, yesterday we issued a momentum alert on CHGI (Centurion Gold Holdings) which rose an astounding 75% to .007 from our alert at .004 and still going strong! CGHI was just another indication of investors in the OTC markets creating a new “Gold Rush” as TAON, DGRI, SILA, and IDVC have all rallied along with it.
With that said, we present to you our New Featured Gold Exploration Company, BLSM (Coyote Resources Inc)! Now, BLSM may be trading a bit higher than the other companies we have profiled in the past, however, given the pullback and price per share being at strong support levels here at 1.51, we feel that despite the higher price, BLSM could regain the highs it has seen only a few days ago! Coyote Resources Inc. is an early stage exploration company that is led by Dr.
Earl Abbott, who has over 40 years experience in mineral exploration. BLSM`s goal is to combine that experience with advanced exploration tools to increase the probability of success and decrease the exploration risk.
Coyote Resources intends to reduce exploration costs and drill only what they believe are high-probability targets with large-scale potential using state-of-the-art, proven methods like magmatic affinity analysis, kinematic structural analysis, metal dispersion and pluton vectoring that, which they believe will increase the probability of uncovering where the big deposits are most likely to be.
Starting from a clear 3D picture of mineral dispersion, BLSM intend to narrow its targets with geophysics and stratigraphy. After using this detailed process, drill targets will be chosen. The goal: to make discoveries with few misses. BLSM`s mission: maximum results with minimum risk.
PROPERTIES Coyote Resources` two properties are located in the gold rich regions of Nevada where many believe there are billions of dollars worth of gold! In a 2004 report by the Fraser Institute, mining companies rated Nevada as second best jurisdiction in the world for mining investment attractiveness, Chile being first.
In 2003, Nevada`s gold endowment was the greatest in the world, even greater than South Africa in terms of metric tons per million square kilometer. If Nevada were a country, its 2009 gold production would rank 4th behind China, South Africa, and Australia. Of all of the gold ever produced on Earth in all of its history, 3% was produced in Nevada, most during the recent gold boom.
The Tonopah Extension Mine in Nye and Esmeralda Counties, NV This property has quite a story attached to it. Originally an Indian Campground, Jim Butler, a local rancher, camped at Tonopah Springs in May, 1900 and noticed an outcrop of rock that appeared to be heavily laced with silver, but had trouble convincing anyone to assay the samples he took. Finally, Tasker Oddie, later to become governor of Nevada, noticed samples that Butler had collected at his ranch and offered to pay for assaying. The value of the samples was found to be as high as $600 per ton in early 1900`s dollars. Eight claims were filed by Butler that became some of the biggest producers the state has ever had.
About 174 million ounces of silver and 1.8 million ounces of gold were produced from 8.8 million ounces of ore, primarily between 1900 and 1940, in the Tonopah mining district. Production at the Tonopah Extension Mine was about 25.5 million ounces of silver and 264,000 ounces of gold from 1.8 million ounces of ore. The decline of silver-gold production at Tonopah paralleled the Great Depression and the onset of World War II. These two events saw the decline in the price of silver from $1.00 to $0.27 and the government-mandated demise of the precious metal mining industry to support the war effort.
Not much mining activity has taken place in Tonopah since then. In 1968, Howard Hughes and his Summa Corporation bought 100 claims in Tonopah, including the Mizpah, Silver Top, and Desert Queen mines. Hopes for a mining revival soon faded after core samples and nothing more were taken. A few of the old mines were re-timbered but never reopened. As of now, total production from the Tonopah district is just more than $150 million, a figure few other places could boast.
BLSM`s target at the Tonopah Extension is to confirm the presence of this reserve by drilling to 2,000 feet from the surface to intersect the deposit previously measured. This deposit was surveyed in 1935 and its location is precisely known as is its thickness of 22 feet and its average grade described above. Further drilling will be done to gain confidence in the 1935 locations and grades before re-habilitating the shaft and de-watering the workings. Once this is done, underground drilling can be used to begin developing the reserves delineated and exploring for the additional resources once envisioned.
Th e Golden Trend Property in Eureka County, NV The Golden Trend Property is an early stage exploration property located on the southwestern flank of the Cortez Mountains, approximately 70 miles southwest of Elko, Nevada in the Buckhorn mining district. A total of 111 contiguous, unpatented mining claims, located on land administered by the Bureau of Land Management comprise the property, totaling about 2230 acres.
This location is sitting near one of the largest gold discoveries in US history and Coyote Resources believes their property could be sitting on the same trend and their estimated 15 Million ounces of gold! Golden Trend is within an area heavily endowed with gold deposits. The Cortez Hills deposit is the largest gold deposit discovered in North America in the 21st century.
Additional discoveries in this area are rumored to have been recently made.
Also, the historical Cortez silver district is located about 3 miles to the north-northwest. Active exploration by large and small companies is on-going all around the Golden Trend Property.
Mineralization is widespread on the prop erty and is documented by drilling, rock sampling and soil sampling. Both gold-dominated and silver-dominated hydrothermal mineralization types are known. Past geochemical and geophysical studies have been effective in characterizing the geology and mineralization at Golden Trend, but modern techniques will be more effective in delineating precise drill targets for the next phase of exploration. Drilling to date has encountered up to 15` of 0.02 opt gold.
BLSM`s plan is to perform the above surface work this spring and summer with drilling to commence this fall and early winter. Elevations are low enough on the Golden Trend property be able to work quite late in the year.
BLSM is firmly situated in some of the most mineral-rich and profitable mining regions in the world! Given the surge in both Gold and Silver prices and BLSM`s ability to bring modern exploration methods to historically rich mining areas…many would consider BLSM at this price a no brainer! Keep BLSM on your watchlists as Gold and Silver continue to rise to historic levels! Remember, we are now tweeting on Twitter Follow us at [7]http://www.twitter.com/EpicStockPicks Join the discussion on Facebook at [8]http://www.facebook.com/group.phpgid2592553419842&ref=ts Good Trading,[9] www.epicstockpicks.com Disclaimer: http://www.epicstockpicks.com/disclaimer This report/release/advertisement is a commercial advertisement and is for general information purposes only. Never invest in any stock featured on our site or emails unless you can afford to lose your entire investment. The disclaimer is to be read and fully understood before using our site, or joining our email list. PLEASE NOTE WELL: Epicstockpicks.com and its employees are not a Registered Investment Advisor, Broker Dealer or a member of any association for other research providers in any jurisdiction whatsoever. Full disclaimer can be read at http://www.epicstockpicks.com/disclaimer Release of Liability: Through use of this website viewing or using you agree to hold Epicstockpicks.com, its operators owners and employees harmless and to completely release them from any and all liability due to any and all loss (monetary or otherwise), damage (monetary or otherwise), or injury (monetary or otherwise) that you may incur. Epicstockpicks.com has been compensated by a third party for a one week advertising services contract.
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