First Gold Exploration, Inc., is beginning its winter program for exploring the Matchi-Manitou property it optioned in Quebec, concentrating upon further investigation of an electro-magnetic anomoly on the property. A grid is currently being constructed in the area, and First Gold plans to initate InfiniTEM and Mag surveys of the area. The news release contains further details, and notes that the Matchi-Manitou is a base metal project (as of now.)
First Gold last traded at 13 cents, down 3.5 cents on the day. The current bid - ask is 13 - 15.
Its Google Finance web page is here.
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NOTE: This blog is confined to aggregating news relating to Canadian gold stocks, as well as to commenting on past and present price movements, and is intended as an informational resource. It is not intended to make recommendations, nor is it a tool for forecasting future price movements. Its author is not a qualified investment advisor, and as such cannot make any investment recommendations. Should you be interested in any stock that appears here, please consider carefully if it is suitable for you and your portfolio. Please also consider seeking advice from a professional investment advisor if you have not already done so.
Thursday, March 12, 2009
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