THE PIG SAYS THERE WAS NEWS OUT ON SOME OF THE PIGS PAST PICKS. A BIT OF DOWN DAY FOR SOME TODAY. HOWEVER,........FIRST A PIG COMMENT, THEN SOME PORKY NEWS AND THEN TODAY'S CHOICE CHOP SCANS................
THINGS STARTING TO ROUND INTO FORM NICELY FOR THE JUNIOR EXPLORER MARKET. THE PIG THINKS THIS COULD BE A DEFINING SPRING MARKET IN THIS SECTOR. DEMAND STILL UP FOR MANY COMMODITIES, GOLD WILL MOVE HIGHER AS SUMMER APPROACHES, AND A NEW GROUP MANIA WILL COME INTO VOGUE FOR TRADERS. COAL WILL BE COMING BACK AND THE STEWART AREA OF NORTHERN BC WILL ATTRACT SOME ATTENTION. GOOD THINGS ARE COMING........
Troymet Updates Key Project CALGARY, ALBERTA--(Marketwire - Jan. 25, 2010) - Troymet Exploration Corp. (TSX VENTURE:TYE) ("Troymet" or the "Company") is pleased to update the status of its Key project in British Columbia. Troymet holds a 100% interest in the 7,882-hectare Key property located 125 km southwest of Vanderhoof, British Columbia. The Key project is prospective for epithermal gold-silver deposits as well as volcanic massive sulphide (VMS) deposits. The property, which straddles an apparent graben developed in a volcano-sedimentary sequence, covers an area with anomalous lake sediment geochemistry and locally anomalous gold-lead-arsenic-silver-zinc in soils. Major north-trending faults cut the property and these may be related to the gold and silver mineralization currently being explored by Richfield Ventures Corp. on its Blackwater property, some 2.5 km to the north (see Richfield website). The 3T's project (Silver Quest Resources) to the southwest is described as a bonanza-style, epithermal gold-silver camp. Richfield, in its September 25, 2009 news release, describes the mineralization on the Blackwater property as a bulk gold deposit with demonstrated continuity over hundreds of metres at potentially mineable grades. The gold mineralization is hosted in highly siliceous and argillically altered breccia and microbreccia derived from felsic volcanic or subvolcanic rocks. Richfield estimates the brecciated rocks which host the gold mineralization may cover an area of up to 45 hectares and are generally between 100 to 200 metres thick. A 2008 VTEM survey of the Key project clearly delineated the fault systems which may be associated with gold-silver mineralization on the Blackwater property. The survey also identified four priority targets for follow-up that are considered potential structurally-controlled sulphide-alteration zones. The Key project is strategically located and the Company believes this geenfield area offers the potential for both precious metals and VMS discoveries. The Company plans a 2010 summer field program to advance the project. Tracy Hurley, P.Geo., Vice President, Exploration and qualified person as defined by National Instrument 43-101 is responsible for the technical information provided in this release. TROYMET EXPLORATION CORP. Kieran Downes, Ph.D., P.Geo., President, CEO & Director This press release may contain certain forward-looking information. All statements included herein, other than statements of historical fact, is forward-looking information and such information involves various risks and uncertainties. There can be no assurance that such information will prove to be accurate, and actual results and future events could differ materially from those anticipated in such information. A description of assumptions used to develop such forward-looking information and a description of risk factors that may cause actual results to differ materially from forward-looking information can be found in the company's disclosure documents on the SEDAR website at www.sedar.com. The company does not undertake to update any forward-looking information except in accordance with applicable securities laws. FOR FURTHER INFORMATION PLEASE CONTACT: Troymet Exploration Corp. Shiro Rae Investor Relations 1-888-456-4952 srae@troymet.com www.troymet.com
Channel Resources Adds Five New Lithium Brine Permits to Alberta Portfolio VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 25, 2010) - Channel Resources Ltd. ("Channel" or the "Company") (TSX VENTURE:CHU) announces that it has applied for new mineral permits in five separate blocks in central Alberta. The new permits encompass 435 square kilometers in aggregate, located approximately 300 kilometers southeast of the Company's Fox Creek lithium/potash brine project. Data on lithium content published on January 20, 2010 by the Alberta Geological Survey on ground and formation water geochemistry has enabled Channel to identify these new target aquifers related to Upper Devonian oil and gas pools. Lithium values within these aquifers range up to 140 parts per million in each of the five claim blocks. Channel will further assess the potential for the new permits to host commercially viable concentrations of minerals in addition to Lithium. The Company will also evaluate the availability of infrastructure and energy sources in the region that would contribute to the development of a brine processing facility, as has been encountered at the Fox Creek project. Some of the statements contained herein are forward-looking statements which involve known and unknown risks and uncertainties. Without limitation, statements regarding potential mineralization and resources, exploration results, and future plans and objectives of the Company are forward looking statements that involve various degrees of risk. The following are important factors that could cause the Company's actual results to differ materially from those expressed or implied by such forward looking statements: changes in the price of minerals, general market conditions, risks inherent in mineral exploration, risks associated with development, construction and mining operations, the uncertainty of future profitability and the uncertainty of access to additional capital. The Company undertakes no obligation to update publicly or otherwise revise any forward-looking statements or the foregoing list of factors, whether as a result of new information or future events or otherwise. Further disclosure on risk factors is available in the Company's various corporate filings at www.sedar.com. FOR FURTHER INFORMATION PLEASE CONTACT: Channel Resources Ltd. Colin McAleenan President & CEO 604.684.7098
THE PIGS PICKS......... V.RBV......HIGH SCANNER OF THE NIGHT, NOT MUCH IN THE WAY OF INFO ON THIS PIGGY. BUT SOME HIGH NUMBERS ON 8 OF 10 SECTORS AND THE VARIABLES OF EACH SCAN WERE IN THE HIGH END OF THE NUMBERS. WHATS HAPPENING ? SOMEONES BUYING ON THE SLY THE PIG THINKS.....
V.HBK....SCANNED HIGH TONIGHT. APPARENTLY THERE ARE DEVELOPMENTS GOING ON BEHIND THE SCENES AT HBK. ENOUGH TO CAUSE NUMBERS TO RATCHET UP. THE PIG SAYS WATCH THIS ONE AND IF IT SHOWS VOLUME STRENGTH THEN BUY AND HOLD FOR NEWS. INSIDERS HAVE BEEN GOBBLING SHARES UP THE STORY GOES. 
Monday, January 25, 2010 4:42 PM
At the close: Baby steps
David Parkinson
North American stock markets managed to reverse a three-day downward trend Monday, scratching out small gains despite disquieting data from the U.S. housing market.
The S&P/TSX composite index closed up 11.08 points, or 0.1 per cent, at 11,354.51, after having been up about 80 points early in the day. The Dow Jones industrial average gained 23.88 points, or 0.2 per cent, to 10,196.86, the S&P 500 rose 5.02 points, or 0.5 per cent, to 1,096.78, and the Nasdaq composite index closed up 5.51 points, or 0.3 per cent, at 2,210.80.
The small gains halted a three-day slide that had knocked more than 5 per cent off major U.S. indexes and about 4 per cent off the S&P/TSX composite. But the day's tentative trading was hardly the bold vote of confidence the markets needed - nor was the disappointing U.S. housing report that came out during morning trading, wiping out most of the day's gains.
U.S. existing-home sales tumbled 16.7 per cent in December, the deepest one-month decline in the 11-year history of the indicator, wiping out all the gains of the previous three months combined. Economists had been expecting a decline from November - when buyers rushed into the housing market to take advantage of a government tax credit that was due to expire - but nothing of this magnitude. (The tax credit never did expire; it was extended to the end of April.)
The U.S. markets also butted up against technical resistance all day, as the S&P 500 struggled (and failed) to break above the 1,100 level.
Stable commodity prices did lend some support to Canadian stocks. Crude oil rose 57 cents (U,.S.) to $75.11 a barrel in New York, while gold gained $9.00 to $1,098.70 an ounce.
Seven of the S&P/TSX's 10 industry subgroups closed higher, led by the two most heavily weighted sectors on the TSX, energy and financials, which each gained 0.5 per cent. The materials group was the biggest laggard, down 1 per cent.
The Canadian dollar dipped one-tenth of a cent to 94.55 cents (U.S.).
Investors were awaiting earnings from technology and consumer bellwether Apple Inc., slated for release after the close. Early in the day, the U.S. market saw some positive earnings news before the opening bell from some B-list names, including oil services company Halliburton.
On Tuesday morning, U.S. investors will be looking at the Case-Shiller home-price index and Conference Board consumer-confidence numbers. They'll also face a raft of earnings reports during the day, including those of Yahoo, Johnson & Johnson.and US Steel.
The S&P/TSX composite index closed up 11.08 points, or 0.1 per cent, at 11,354.51, after having been up about 80 points early in the day. The Dow Jones industrial average gained 23.88 points, or 0.2 per cent, to 10,196.86, the S&P 500 rose 5.02 points, or 0.5 per cent, to 1,096.78, and the Nasdaq composite index closed up 5.51 points, or 0.3 per cent, at 2,210.80.
The small gains halted a three-day slide that had knocked more than 5 per cent off major U.S. indexes and about 4 per cent off the S&P/TSX composite. But the day's tentative trading was hardly the bold vote of confidence the markets needed - nor was the disappointing U.S. housing report that came out during morning trading, wiping out most of the day's gains.
U.S. existing-home sales tumbled 16.7 per cent in December, the deepest one-month decline in the 11-year history of the indicator, wiping out all the gains of the previous three months combined. Economists had been expecting a decline from November - when buyers rushed into the housing market to take advantage of a government tax credit that was due to expire - but nothing of this magnitude. (The tax credit never did expire; it was extended to the end of April.)
The U.S. markets also butted up against technical resistance all day, as the S&P 500 struggled (and failed) to break above the 1,100 level.
Stable commodity prices did lend some support to Canadian stocks. Crude oil rose 57 cents (U,.S.) to $75.11 a barrel in New York, while gold gained $9.00 to $1,098.70 an ounce.
Seven of the S&P/TSX's 10 industry subgroups closed higher, led by the two most heavily weighted sectors on the TSX, energy and financials, which each gained 0.5 per cent. The materials group was the biggest laggard, down 1 per cent.
The Canadian dollar dipped one-tenth of a cent to 94.55 cents (U.S.).
Investors were awaiting earnings from technology and consumer bellwether Apple Inc., slated for release after the close. Early in the day, the U.S. market saw some positive earnings news before the opening bell from some B-list names, including oil services company Halliburton.
On Tuesday morning, U.S. investors will be looking at the Case-Shiller home-price index and Conference Board consumer-confidence numbers. They'll also face a raft of earnings reports during the day, including those of Yahoo, Johnson & Johnson.and US Steel.
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