Wall Street News Alert Issues Special Alert on HMSO! May 22, 2007
Market Wire, May, 2007
Wall Street News Alert's "stocks to watch" this morning are: Hemis Corporation (OTCBB: HMSO), Cytyc Corporation (NASDAQ: CYTC), Freeport-McMoRan Copper & Gold Inc. (NYSE: FCX) and Agnico-Eagle Mines Limited (NYSE: AEM).
Hemis Corporation (OTCBB: HMSO) has just released news that investors will appreciate. Monday after the markets closed, 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 the start of drilling at its El Tigre project in eastern Sonora, Mexico.
This should be good news. Cabo Drilling Corporation of Vancouver has been awarded a contract for 3,500 meters of diamond drilling at El Tigre. The drilling is being conducted by its Mexican subsidiary, Cabo Drilling de Mexico S.A. de C.V.
Surface exploration at El Tigre has discovered multiple zones of gold-bearing breccias. Dr. Douglas Oliver, Chief Geologist for Hemis states, "The intent of the drilling is to understand the three-dimensional geometry of these breccia zones. Naturally, we also want to know if the potentially ore-grade mineralization at the surface continues at depth."
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! The initial phase of drilling will consist of 8 core holes averaging 200 meters in depth. The drilling will test three of the five gold-bearing breccia zones identified to date. The drill will then move to a secondary target in the project area before drilling an additional five follow-up holes. The location of the follow-up holes will be determined by the results from the first-round of drilling as well as ongoing surface exploration.
The El Tigre Monument / Lower El Tigre target areas were selected for the initial drill holes. Drill pads have also been prepared in the Main Pit and Eastern High Ridge breccia zones. To date the drilling is going well although some soft ground conditions have raised concerns about fluid returns and core recovery.
Because of the remote location, an exploration camp has been constructed at the site. Local contractors are performing all of the support functions including trucking water to the drill. Analyses of the core samples will be performed at the ALS ChemEx lab in Hermosillo, Mexico.
Prior to the press release, the stock closed Monday at $1.04 a share.
For Wall Street News Alert's in-depth and updated profile of Hemis Corporation, visit http://www.WallStreetNewsAlert.com/HotStocks/HMSO052107/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.
Cytyc Corporation (NASDAQ: CYTC) up 22.6% on 22.4 million shares traded.
Cytyc Corporation is a diversified diagnostic and medical device company that designs, develops, manufactures, and markets innovative and clinically effective diagnostic and surgical products.
Freeport-McMoRan Copper & Gold Inc. (NYSE: FCX) up 1.7% on 11.1 million shares traded.
FCX is a leading international mining company with headquarters in Phoenix, Arizona. FCX operates large, long-lived, geographically diverse assets with significant proven and probable reserves of copper, gold and molybdenum.
Agnico-Eagle Mines Limited (NYSE: AEM) up 0.6% on 1.6 million shares traded.
Agnico-Eagle is a long established Canadian gold producer with operations located in Quebec and exploration and development activities in Canada, Finland, Mexico and the United States.
Market Commentary:
"Clear Channel communications major shareholders, Fidelity Investments and Highfields Capital Management, appear to be in favor of a $19.4 billion offer from Thomas H. Lee Partners and Bain Capital Management," stated Sonja Rudd in Wall Street News Alert's daily commentary continued at: http://www.WallStreetNewsAlert.com .
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