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Bullion River Gold Corp. Reports New Gold Assays as High as 45 Opt in the French Gulch Mine, Details High Gold Assay Results in Key Veins
Thursday July 12, 9:15 am ET
Ore production should increase to full mill capacity as miners develop new vein systems in the Washington Access drift and expand development for access to third vertical stope at Lucky 7.
RENO, NEVADA--(MARKET WIRE)--Jul 12, 2007 -- Bullion River Gold Corp. (OTC BB:BLRV.OB - News) today released a new report that details recent gold samples of exceptionally high ore grades. The samples, taken from seven production areas from the decline in the French Gulch Mine, were analyzed in the assay laboratory on mine property.
The sample assay results range from a high of 45.76 ounces of gold per ton across a width of five feet and a height of four feet in the new level of access at Lucky 7 to a low of 0.15 ounce of gold per ton in another vein. The company noted that many samples are well above the anticipated level of 1.00 ounce of gold per ton that was discussed in the independent technical report released in January.
The specific gold values in the report can be found in the attached table. In summary, here are the ranges in ounces of gold from the key veins: Lucky 7 vein - 45.76 to 0.19; Washington vein - 2.94 to 0.39; Dean vein - 4.36 to 0.15; the new 2156 vein - 3.69 to 0.15; and Klaus vein - 0.80 to 0.16. The company also released a drawing of the current underground development of the significant gold intercepts in the main vein systems.
"Today's report on the gold concentration in the samples we have taken detail exceptionally high ore grades," said Peter M. Kuhn, president of Bullion River Gold Corp. "These significant gold intercepts represent a very positive new development for our company. Now that we have successfully completed substantial development, and our mill is ready for more capacity, we will increase ore production to the full capacity of our mill," he said.
In another new positive development, the company said it has encountered a third vein system in the Washington access drift and received samples which returned over three ounces per ton across a sample width of at least five feet. Mining is beginning in all three veins at that location. In addition, the company is making progress on developing access to the third vertical stope at Lucky 7. The company also said it would begin exploration for additional veins in the northern open ground, where outcrop areas have already been located on the surface.
[continued in following link]
http://biz.yahoo.com/iw/070712/0277251.html
Your right aces4high. Volume has been picking up, kinda like a kettle boiling. There are two major things in our favor. One, they are working three veins with a state of the art new crusher. Two, I see momentum shifting back to gold. I think it won't be long before gold is over $700. This will make everything that blrv is doing more profitable. With a little patience, blrv is going to make it into the big spotlight. Lets hope we see 2-3 dollars pps by the end of the year. Followed by 5-8 dollars pps in 2008. Sticky
Sticky,
I'm not a big charts guru, but to me, things are looking like they will be quite explosive. I think any significant announcement will propel this forward through the $0.60's in a heartbeat.
Aces
We are seeing alot more volume. Volume is useally a good sign unless everyone is exiting the door at the same time. Thats not the case with blrv. I believe investors and mms are positioning for some good news that should be coming out very soon. With 3 veins under production, things are going to look gold. Sticky
I hope we get a good pr this week or next. They probably ran into a mountain of gold and its slowing down the drilling operation. sticky
Looking at the BLRV chart. The downward slope was really stopes leading to the new gold viens. Now they have to bring the gold back up. So the next step in the chart will be on the way up. I feel we are getting real close to a rebound. Sticky
Aces4high, that was a terrific article. In terms of comparisons, they are very much like blrv a year ago in the early stages. Whats amazing is that their number of shares are about the same, own about the same amount of properties and the sp is at $2.05. Blrv is much more attractive with real production, many more workers and is located in the US vs. an unstable foreign country. The article also said that the stock was undervalued. If we apply that to blrv, blrv is truly undervalued. If blrv can produce 100k ounces of gold a year, this should be a $10.00 plus stock. My guess is that blrv is still under the radar and has not been found yet. But when they show them the money this will take off. Also, soacf.pk is a pink vs. blrv.ob otcbb. Truly amazing, but it confirms that all of us found a very undervalued stock and will be rewarded greatly in the future. Sticky
Here's a link to a good article on assessing the worth of resource stocks. The article itself is a bit of a plug for Southern Arc Mineral, but the content itself is good. I've got to give thanks to the person who pointed out this article over on Yahoo's Apollo Gold board.
http://www.321gold.com/editorials/boulden/boulden061907.html
Yes sumisu, it looks like the perfect storm is developing and
many more investors will be looking at precious metals in the near future. BLRV is just getting started. Once they show significant production, they will be the talk of the best new gold mining companies to invest in. Sticky
Gold Mining Stocks - What's Happening
By Kenneth Gerbino, Kenneth J. Gerbino & Company
June, 21, 2007
[contained in following link]
http://resourcexinvestor.com/news.php?id=1713
Big volume today. This may indicate that investors feel things are about to go positive for BLRV. It may also be that some big investors think we will be getting an update soon. Sticky
Oops gold just slipped on some bond market soap. Once the bond market settles down, gold will continue its rise. Sticky
Gold is starting to rebound slightly. Lets remember that some
big financial institutions believe gold will be over $1000 by the end of the year. That would almost double the value of blrv production! Sticky
Seems to me that BLRV is probably starting to process some of
those new viens. Hope we get another pr on it soon. Sticky
my guess is that we will find out in a couple of weeks. I would think that they would want to put out another pr when the ounces are flowing. Remember, besides the shareholds there are investors who have invested alot of money in this startup company. They have to satisfy these investors or they will not be able to finance other projects. My guess is that production rates are going to go up dramatically, but we may not see the results in the price per share until the 3rd quarter. Sticky
Does anyone know if they are producing gold in measurable quantity? All the PR pieces tell us is they are crushing and processing rock, but so far nobody from the company has been willing to publicly state that they are actually producing gold out of those "rich" veins.
Any technical traders out there want to give some chart dissection on BLRV?
Aces
Thanks aces4high. I will definitly check it out. Sticky
Sticky,
Sentiment is growing very positive on the yahoo board as well. You may want to check there too for some info. I'm in it for the long haul, too.
Aces
Good job Sumisu! This is teriffic news! I know the stock only moved a little bit but its now heading in the right direction. With solid gold ore veins to process, production is going to rise fast. Now the company is going to start generating millions in gold & silver. It won't take too long for wall street to notice this new junior gold stock. I believe we are sitting on a $10.00 stock in the next couple of years. We don't have to worry anymore if they can produce gold. They found plenty and this will lead to much more in the future. I think we can just sit back and watch this stock slowly rise in price. JP Morgan said last week that they see gold going over $1000 an ounce by the end of 2007. I think we are sitting on a no brainer gold mine. Sticky
Sticky,
I'm very happy that I dollar-cost averaged down a few weeks ago. Those shares that I bought then are now up 20%. Had I not been preoccupied by gardening that day, I might have attained a lower price, but I'm happy.
Good call,
sumisu
Bullion River Gold Corp. Announced Today It Has Reached Two New Vein Systems in the French Gulch Mine
Friday June 8, 9:15 am ET
New veins are wider than expected; ore samples yield multiple ounces of gold per ton
RENO, NEVADA--(MARKET WIRE)--Jun 8, 2007 -- Bullion River Gold Corp. (OTC BB:BLRV.OB - News) announced today that miners have reached the Washington and Dean veins in the French Gulch Mine from the decline, and production of the these two new veins will begin within days.
The company also reported that both the Washington and Dean veins are significantly wider than expected, based upon historical discoveries in the mine. In addition, samples taken from the two new veins yielded multiple ounces of gold per ton, indicating that gold grades are excellent. The Washington and Dean veins will soon join the Lucky 7 as active production areas at French Gulch, and all three will be in production simultaneously.
The company also announced that it is driving new, multiple stopes in all three veins, and production rates will be increasing. In addition, the new crushing system that was commissioned in May is operating very well, eliminating significant down time in the mill. This state-of-the-art crusher has increased the potential capacity of the mill to 250 tons a day.
"We are pleased with all aspects of this production update," said Peter M. Kuhn, president of Bullion River Gold Corp. "We anticipated that these two new veins would yield great samples, and we are now very happy that we've been proven correct. Having reached these two new veins, we are now in the process of completing our plans for intercepting the veins fully and increasing production within the next several weeks."
About Bullion River Gold Corp.
Bullion River Gold Corp. is an American-based mineral exploration and mining company focusing on regions containing gold-silver deposits predominantly located in the Western United States. The company has seven properties, five of which are located in Nevada. Two of the Nevada properties are considered advanced projects and three are considered grassroots projects. The three remaining properties are in California. All three of these properties are past producers.
For more information, contact Chris Marcus, Investor Relations at Bullion River Gold Corp. at (800) 540-BLRV (2578) or at chris@fyremarketing.com the Company's website at www.bullionriver.com or the U.S. Securities & Exchange Commission's website at www.sec.gov/ to review Bullion River's latest filings.
This release contains certain statements that are "forward-looking" statements (as the term is defined in the Private Securities Litigation Reform Act of 1995) including statements regarding SEC approval and the sufficiency of the funds raised. Any such forward-looking statements are inherently speculative and are based on currently available information, operating plans and projections about future expectations and trends. As such, they are subject to numerous risks and uncertainties, such as general economic and business conditions, the ability to acquire and develop specific projects, the ability to fund operations, and other factors over which Bullion River Gold Corp. may have little or no control. Actual results and performance may be significantly different from expectations or trends expressed or implied by such forward-looking statements. Bullion River Gold Corp. expressly disclaims any obligation to update the statements contained in this release.
Contact:
Contacts:
Bullion River Gold Corp.
Chris Marcus
Investor Relations
1-800-540-BLRV (2578) or (775) 324-4881
Email: chris@fyremarketing.com
Website: http://www.bullionriver.com
--------------------------------------------------------------------------------
Source: Bullion River Gold Corp.
http://biz.yahoo.com/iw/070608/0263824.html
Nice news out today.
We're starting to move in the right direction. I do believe things are going well and will be reflected in the next pr. Sticky
I don't think you will be disappointed Sumisu. Yes, first
production was not stellar but I think they will get it together.
They seem to have enough large investors willing to invest or loan money. They must have more insight than we do or they would
not invest so much money. I believe the company will eventually
achieve their objectives and the stock price will reflect it. I still think this will be a $10 stock sometime in the near future.
Sticky
sticky,
Yesterday when the price dipped, I added 4,000 shares @ 49 cents. Couldn't pass it up at these prices.
sumi
My guess is that they started out with some outdated crusher and now have a state of the art crusher. Either that or they are shoveling from the wrong pile. They are suppose to be hitting the washington vein any day now. Since the new crusher was put in in the middle of the second quarter, I don't expect a huge increase until the 3rd quarter. Hopefully if they can produce say 5000 oz in the second quarter that wouldn't be too bad at today's prices. It would also indicate that year-to-date would show a profit after paying for overhead. Also, they can't just nuke the mountain, they are suppose to be a green company. I think patience will reward us sometime next year. Sticky
Is BLRV actually producing gold?
I know they claim to be processing upwards of 250 TPD as of May 11, but does anyone know if they are actually processing gold ore or just producing road fill? They only produced about 1500 ounces of gold in the first quarter, not much for all the hype and hoopla.
2 million shares traded today. Big volume and the stock inched up. It looks like good support above .50 cents. Investors probably realize that revenue is going to skyrocket sometime this summer and are waiting for the stock to reflect its worth.
They should reach the washington vein shortly after the holiday. Hopefully we get a pr when that occurs. Hang in there blrv investors. This company is beginning to get solid footing. Sticky
2 million shares traded today. Big volume and the stock inched up. It looks like good support above .50 cents. Investors probably realize that revenue is going to skyrocket sometime this summer and are waiting for the stock to reflect its worth.
They should reach the washington vein shortly after the holiday. Hopefully we get a pr when that occurs. Hang in there blrv investors. This company is beginning to get solid footing. Sticky
I suspected a little drop in the pps. We had a slight drop in the gold price due to a slightly stronger dollar. This is only temporary and the dollar will continue its decline. I think a 800 dollars an ounce gold is very probable by year-end. With blrv's new crusher in commission on may 11th and more crushers by years-end, production should begin to skyrocket. It was mentioned that they should reach the washington vein by the beginning of june. With close to an ounce per ton, production will go up fast. I believe if revenue exceeds 10mil this year, and I think thats not to difficult, this stock will begin to move and be noticed. It will eventually be one of the best junior gold mining stocks in quite awhile. I hope to see a 10 dollar stock plus one day. Its a long term play but should be very rewarding. Sticky
sticky,
My sentiments exactly. Also, it will give me time to buy more shares.
thanks,
sumisu
PS Just gave you a person mark.
Well we got thru the first quarter. It looks like they were still setting up production and fine tuning equipment. The number of ounces recovered were below expectations, however, they just added the new crusher on may 11, 2007. Production should start to ramp up dramatically. The second quarter will be much better, but not exceptional because the new crusher was added in the middle of the 2nd quarter. I expect the 3rd and 4th quarter to be outstanding and the stock to really start taking off then. Also, they expect to be processing over 500 tons by years end. This is going to be a great stock, but we are going to have to give it another 6 to 12 months to get going. Sticky
Bullion River Gold Corp. Reports First Quarter Results for Fiscal 2007
Tuesday May 15, 4:57 pm ET
Revenue during the first quarter totaled $352,610 with precious metal inventories up substantially from year-end
RENO, NEVADA--(MARKET WIRE)--May 15, 2007 -- Bullion River Gold Corp. (OTC BB:BLRV.OB - News) today announced its financial results for the first quarter of the current fiscal year, ending March 31, 2007. The company's financial statements conform to accounting principles generally accepted in the United States (US GAAP). Currency amounts are expressed in U.S. dollars.
Bullion River reported revenue of $352,610 for the first quarter of 2007. The company sold 531 ounces of gold at an average price of $659.72 and 180 ounces of silver at an average price of $12.60. In addition, inventories at March 31, 2007 stood at 1,219 ounces of gold, up 1,022 ounces from year-end 2006, representing an increase of 519 percent. All revenue from the first quarter was produced at the French Gulch mine. For comparison purposes, there was no revenue produced during the first quarter of 2006 because the company was in the exploration phase at that time. For the first quarter of 2007, the company reported a net comprehensive loss of $4.7 million, or 8 cents per basic and diluted share, compared to a net comprehensive loss of $2.2 million or 5 cents per basic and diluted share for the first quarter of 2006. The company's quarterly loss increased from the year-ago period due to higher operational costs associated with ramping up production, compared to its relatively lower costs previously associated with the exploration phase, and an increase in interest expense mainly due to the issuance of convertible debt starting in the third quarter of 2006.
Commenting on the results, Peter M. Kuhn, president of Bullion River Gold Corp., said: "Combined with the significant infrastructure and mechanical improvements made at French Gulch, the first quarter revenue along with the inventories on hand represent a very solid result. We should reach the Washington vein system within the next few weeks, which would substantially increase our mine production and add to the very productive Lucky 7 vein. Furthermore, we are fine-tuning all aspects of the underground mine as well as our milling plant. This focus will help to continue to stabilize our equipment operations and milling availability."
The company's other recent key accomplishments include:
- Commissioning the newly purchased, state-of-the-art crusher, increasing the calculated capacity of the mill to 250 tons per day.
- Deployment of the first group of graduates from the company's own mining school.
- Additional production expansion in the main decline in the French Gulch mine.
Outlook Through Year-End 2007
The company will continue to focus on expanding the operating capacity of the French Gulch mine. On May 11, the company commissioned its newly purchased state-of-the-art crusher. The company will continue investments in the mill that will more than double the 250-ton capacity by the end of the year. Continued underground development and exploration will develop additional veins within the Washington vein system, which is expected to provide increased feed for the mill. Extensive exploration at French Gulch will continue to increase the gold estimates on this property, and the current documented estimate of 257,800 ounces is expected to increase.
Financial Statements
The financial statements of Bullion River Gold Corp. that are attached below were prepared by management, and they should be evaluated together with the related notes filed in our 10-QSB Quarterly Report filed with the Securities and Exchange Commission.
[continued in following link]
http://biz.yahoo.com/iw/070515/0253549.html
Sticky,
That sounds too good to be true, but I will take it anyday.
sumisu
You'll get your 5 days plus Sumisu. Once they release the
number of ounces retrieved, investors can figure about the number they will have year-to-date. They could go from a loss of 5mil a year to 15mil profit overnite. That would give about .25 cents a share profit and the average pe ratio for gold stocks is 15 then 15 times .25 should push the share price up to $3.75. The initial blast could go higher and with gold prices moving up, $10.00 a share in a year or two is not out of the question. Sticky
Sticky,
I'll need about five days like today to get back to breakeven. These last few days have been great with heavy volume.
sumisu
Looks like were starting to roll. We must be close to a good pr!
Lets go 3 dollars plus +. Sticky
I think were on the verge of a nice reversal sumisu. I do believe if they pull the ounces out that they are projecting the price will go up significantly. Blrv is still under the radar of most investors, however, money speaks loud on wall street and they will soon be discovered. Sticky
Sticky,
Typical average volume for a day is only 166,000 which pales to today's 1.8 million shares, as you pointed out. Glad that my broker added more shares recently. I questioned his logic, but he might know something that we don't.
Good luck to us who have stuck with this investment.
sumisu
PS Most of my exploration gold shares have been weak for months. This is not restricted to BLRV.
1.8 million shares traded today! Blrv is getting ready for a run. If we read between the lines of the last pr, 3 investors loaned 300K each to blrv for a short period. Their reward is no interest and options to buy the stock at 1 dollar. The current price is only about half a dollar. Doesn't seem like a reward unless they believe the stock is going to take off BIG TIME. I believe the results will be good when they come out and these results are going to be reflected in the price. Its going to be great!
Lets hope it also gets moved to the bank too. Good to here from a fellow investor in blrv. I think if they pulled 40k to 50k ounces of gold out this year they would have to value the stock at around $3 - $5 dollar range. In todays world of gold prices that would be somewhere between 25 to 40 million dollars. Net would be about half of that and giving the stock a conservative pe ratio of 10 would put the price over $3 dollars. Anything under $3 dollars would be a bargin. I still can't figure why other investors haven't found blrv yet. However, they have a way of smelling the money. Hang in there Sumisu. Sticky
Sticky,
I'm hanging tough with you.
My broker bought this for my gold fund account and I trust his judgment that the metal is in the ground.
sumisu
Well we don't know what production has produced, but hopefully they are meeting their goals and will post a great 1st & 2nd quarter. Sticky
Well today they can out with last years financial report. I believe this should be the last negative financial report we will see. Going forward should be very positive. The bad startup cost are all behind us, the future looks gold! This stock should start to take off shortly.
Stickymetal,
Agree. Plus gold should really move for the remainder of 2007 and beyond. The dollar is really sinking and the Fed will probably not cut rates until later in the year. That action will further weaken the dollar and raise the gold price even higher.
good luck,
sumissu
Waiting for quarterly report. I'm hoping for a good first production quarter. This should show how the rest of the year is going to be. A good 1st quarter should propel us back over the dollar mark. Lets hope they pulled at least 10k ounces of gold out. That would be worth close to 7 million in revenue or about 4 million net.
Form 10KSB for BULLION RIVER GOLD CORP
Annual Report
5-Apr-2007
http://biz.yahoo.com/e/070405/blrv.ob10ksb.html
Should start to see some movement. The first quarter is now over and investors will be waiting for the next couple of weeks to see how much gold was mined. If they are making progress, it should really start to move. With new equipment should come more gold. Were finally starting to enter into the excitment zone. Sticky
Stickymetal,
I share your sentiment; The River will begin to run after Q1 results.
sumisu
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