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Stock Brainiac specializes in finding companies ripe for a profitable turnaround or a technical breakout, and today announces four stocks to watch closely.
- Sefe, Inc. (OTCBB: SEFE)
- Mustang Alliances, Inc. (OTCBB: MSTG)
- American Energy Development Corp. (OTCBB: AEDC)
- Sunpeaks Ventures, Inc. (OTCBB: SNPK)
Breaking News Alert: Mustang Alliances, Inc. (OTCBB: MSTG) To Expand Concessions. Mustang (OTCBB: MSTG) announced that its Honduran affiliate has applied to the Honduran Ministry of Mines (DEFOMIN), for nine new Concessions totaling 9,000 hectares, in the Southern Honduras area of the Nicaraguan Trough Gold Belt. According to a 1997 report by the Entres-Mares Joint Venture between Battle Mountain Gold and Mar-West Resources, the new Concessions appears to contain "stacked epithermal quartz zones with enhanced Au (Gold), Ag (Silver) and Cu (Copper) mineralization." Previously completed surface samples in pits and trenches returned in excess of 10g/t Au values. Upon final approval from DEFOMIN, the company will incorporate the additional acreage into its 2012 exploration and development plans.
"The addition of potential nearby ounces coupled with an aggressive exploration program dovetails very well with our production plans for the Company," Robert Faber, Mustang's (OTCBB: MSTG) president commented: "This increases the scale potential of our already significant targets and adds more highly prospective ground to our portfolio. It also further positions us to be a consolidator by extending coverage over the heart of the Choluteca District which we believe has the potential to become one of Honduras' major gold producing areas."
Breaking News Alert: American Energy Development Corp. (OTCBB: AEDC) Confirms Spud Date for the New Cremer 1-1 Well on the Dansville Prospect. American Energy Development (OTCBB: AEDC) received notification of the arrival date of the drilling rig and proposed spud date for the Cremer 1-1, on the 1,343 acre Dansville Prospect in Southern Michigan.
With dirtwork on the site location underway in preparation for the start of drilling, the drilling rig has been secured to arrive on the 1,343 acre Dansville Prospect with a spud date for the week commencing April 16th, targeting the Niagaran oil reef structure.
Historical records of the Niagaran reef production in Michigan confirm over 4,200 wells being drilled targeting reef formations, and producing a total of 472 million barrels of oil and 2.8 trillion cubic feet of natural gas, with development of reef trends driven by Royal Dutch Shell, BP and ExxonMobil. According to a recent USGS report on the basin, the recoverable reserves are in excess of 1.8 billion barrels of oil, and 17 trillion cubic feet of natural gas.
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Disclosure: StockBrainiac.com is not a registered investment advisor and nothing contained in any materials should be construed as a recommendation to buy or sell securities. Investors should always conduct their own due diligence with any potential investment. Stock Brainiac is a wholly owned entity of Equities Awareness Group LLC. Equities Awareness Group has been compensated seven thousand dollars by Capital Financial Media for marketing on American Energy Development Corp. Please read our report and visit our website, for complete risks and disclosures.
OTCBB:SEFE OTCBB:MSTG OTCBB:AEDC OTCBB:SNPK