Wednesday's Breaking News Alert -- HMSO! May 23, 2007
Market Wire, May, 2007
Wall Street News Alert's "stocks to watch" this morning are: Hemis Corporation (OTCBB: HMSO), Target Corporation (NYSE: TGT), Coeur d'Alene Mines Corporation (NYSE: CDE) and Kinross Gold Corp. (NYSE: KGC).
Hemis Corporation (OTCBB: HMSO) has released additional news this week, and should continue to warrant the attention of investors. Tuesday, the company, an international resource company with several advanced stage exploration properties in Mexico and a project in Cook Inlet, Alaska, issued a press release announcing that it has expanded its El Tigre land holdings through the acquisition of concessions called La Centela.
This should be additional good news. La Centela consists of six concessions that are adjacent to El Tigre, Hemis' advanced stage exploration property.
The area is very similar to El Tigre due to the presence of broad zones of breccia developed in volcanic rhyolite. Surface samples have been analyzed by ALS ChemEx resulting in the identification of several primary target areas where the breccias coincide with gold mineralization. One particular breccia zone identified by Hemis averaged 2.6 g/T of gold.
The terms for the agreement with Electrum Capital, Inc. are as follows: Hemis has the option to acquire up to 75% of the properties by spending $2 million on exploration and making cash payments of $1,500,000 over the next four years.
Wall Street News Alert first initiated coverage of the company on March 29th, when it announced that it has signed an Earn-In agreement with Goldcorp Inc. through its Mexican subsidiary Glamis Exploration S.A. de C.V ("Goldcorp") and Corex Gold Corp. Goldcorp is the world's second largest gold company.
Wall Street News Alert is continuing to place Aggressive Investors on alert to monitor the progress of Hemis Corp! According to Tuesday's press release, acquiring the La Centela concessions are an important strategic move for Hemis. Zones of gold-bearing breccias extend from El Tigre into La Centela and additional land will be needed in the event the El Tigre project enters a production phase. This acquisition has made Hemis the largest concessionaire in the area.
Dr. Douglas Oliver, Chief Geologist for the Company, states, "The La Centela acquisition is a positive advancement for the Company as the potentially economic grades found at surface on El Tigre continue into the La Cenela property."
This week, Wall Street News Alert also reported that the company announced the start of drilling at its El Tigre project in eastern Sonora, Mexico.
Prior to the press release, the stock closed Tuesday at $1.10 a share.
For Wall Street News Alert's in-depth and updated profile of Hemis Corporation, visit http://www.WallStreetNewsAlert.com/HotStocks/HMSO052207/default.aspx
In case you are not familiar with the company: Hemis Corporation is a precious metals exploration company trading on the OTCBB under the symbol HMSO and listed on the Frankfurt stock exchange under the symbol XZA. The company is comprised of both a resource division and a resource investment unit. Hemis' high profile team is focused on evaluating gold projects with strong potential. The resource investment unit is actively reviewing other natural resource companies for joint ventures and investment.
Hemis is incorporated in Nevada, USA with its head office in Zurich, Switzerland and North American corporate communications representatives in Canada and the United States. Led by an experienced team of exploration geologists and financial professionals, this company has extensive international capital markets experience and proven track records.
To view all of Wall Street News Alert's special early morning trading alerts for this morning, visit www.WallStreetNewsAlert.com , where you may also sign up to receive free email alerts in advance of our press releases being issued.
Target Corporation (NYSE: TGT) down 0.1% on 10.8 million shares traded. Minneapolis-based Target serves guests at 1,500 stores in 47 states nationwide by delivering today's best retail trends at affordable prices. Target is committed to providing guests with great design through innovative products, in-store experiences and community partnerships.
Coeur d'Alene Mines Corporation (NYSE: CDE) down 1.3% on 9 million shares traded. Coeur d'Alene Mines Corporation is one of the world's leading primary silver producers and has a strong presence in gold. The company has mining interests in Alaska, Argentina, Australia, Bolivia, Chile, Nevada and Tanzania.
Kinross Gold Corp. (NYSE: KGC) down 2.1% on 2.9 million shares traded. Kinross, a Canadian-based gold mining company, is the fourth largest primary gold producer in North America and by reserves, the fifth largest in the world.
Market Commentary:
"Thursday, the Commerce Department reports on durable goods for April. The report could offer insight into the health of consumer spending, which accounts for two-thirds of U.S. economic activity," stated Sonja Rudd in Wall Street News Alert's daily commentary continued at: http://www.WallStreetNewsAlert.com .
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