Dallas, Texas (June 30, 2011) – StockGuru focuses on Greenwood Gold Resources Inc. (OTCBB-GGRI) as it announces an update on its Summer Mining Property located in the Quesnel Trough Area in British Columbia. The Summer Property has become the Company’s main focus of exploration, as the Quesnel Trough has produced extremely promising results in this Gold producing region, especially copper-gold alkalic porphyry deposits. Greenwood Gold Resources Inc. closed on July 29, 2011, at $0.0532 trading on volume of roughly 70 million shares.
The Quesnel Trough is an elongated package of distinctive rocks that stretches from southern to northern British Colombia. This belt is highly prospective for copper-gold alkalic porphyry deposits and is the location of many operating mines and mines in development. Historical production from alkalic porphyry deposits in the main five mining areas in the Quesnel Trough totals about 3.5 billion pounds of copper and 4.7 million ounces of gold.
It is the focus of the vast majority of copper-gold porphyry exploration in the province. Many companies, from junior exploration companies through to majors such as Gold Fields and Xstrata, are actively exploring the favorable results associated within this area.
Companies exploring in proximity of the Company’s Summer Property include in part, the following:
GWR Resources has been actively exploring copper-gold porphyry and skarn deposits with a 15,000 meter drill program announced for this field season; Gold Fields is actively exploring the Woodjam JV property and can earn a 70% interest in the Woodjam JV by spending $19 million.
Imperial Metal’s Mount Polley property, to the north of the Summer Property, has been an active producer for many years. At Mount Polley, current reserves are 309 million pounds of copper and 386,000 ounces of gold which, at today’s prices, indicate values of over $1.7 billion.
Historic exploration on the Summer Property has focused primarily on copper-gold alkalic porphyry mineralization. Drilling to date has shown that within the chargeability anomaly intersected 21 m of 0.184% Cu. This demonstrates that rocks within the chargeability have the potential to host porphyry copper mineralization.
Greenwood Gold Resources is looking forward to implementing a complete drill program based on the results of work completed to date, which is more specifically outlined in the latest Technical report which can be found on the corporate website: www.greenwoodgoldresources.com
Safe Harbor Act Notice: Statements contained herein that are not historical facts are forward-looking statements within the meaning of the Securities Act of 1933, as amended. Those statements include statements regarding the intent, belief or current expectations of the company and its management. Such statements reflect management’s current views, are based on certain assumptions and involve risks and uncertainties. Actual results, events, or performance may differ materially from the above forward-looking statements due to a number of important factors, and will be dependent upon a variety of factors, including, but not limited to, the company’s ability to obtain additional financing and the demand for the company’s products. Any investment in the company would be extremely speculative and involve a high degree of risk and should not be pursued unless the investor could afford to lose their entire investment. Before investing, please review this filing, all past public filings with the SEC, all current Pinksheets.com filings and consult a registered broker dealer or contact the financial industry regulatory authority (“FINRA”) for more information regarding locating a qualified party to assist in making an investment decision. The company undertakes no obligation to publicly update these forward-looking statements to reflect events or circumstances that occur after the date hereof or to reflect any change in the company’s expectations with regard to these forward-looking statements or the occurrence of unanticipated events. Factors that may impact the company’s success are more fully disclosed in the company’s most recent public filings with the U.S. Securities and Exchange Commission. Forward-looking statements are typically identified by the use of terms such as “anticipate,” “believe,” “could,” “estimate,” “expect,” “intend,” “may,” “might,” “plan,” “predict,” “project,” “should,” “will,” and similar words, although some forward-looking statements are expressed differently. Although we believe that the expectations reflected in such forward-looking statements are reasonable, we can give no assurance that such expectations will prove to be correct.
Greenwood Gold Resources, Inc. (“GGRI”) is a junior exploration company focused on exploration for gold and other valuable minerals deposits in Canada and US. The company is focused on acquiring, developing and joint venturing with other junior or major gold mining companies with properties within North America. GGRI has developed a set strategy to acquiring gold and other valuable mining properties following several key investment criteria. It will look for assets ranging from grass roots exploration to near production. GGRI will look to have a balanced portfolio of properties across this spectrum so as to maximize returns while also mitigating risk.
To view the StockGuru Spotlight on OTCBB: GGRI, please visit: http://www.stockguru.com/category/latest-spotlights/
To get free alerts on this and other similar stocks, please register here:
What is the StockGuru Spotlight?
Many companies covered in The StockGuru Spotlight have positive increases in both volume and share price. While this is not true in all cases, StockGuru strives to cover companies in The StockGuru Spotlight that are worth of our readers’ attention.
StockGuru looks for potential break-out candidates in The StockGuru Spotlight. Many of these companies have had recent news and appear to be getting the attention of investors. StockGuru does not typically feature companies in The StockGuru Spotlight that are compensating StockGuru for this coverage. There are times when StockGuru covers a stock in The StockGuru Spotlight that had previously compensated Stockguru. Where that is the case, a proper disclosure is included below. StockGuru and its partners, employees and writers never hold shares, short positions, warrants or any other current position in a stock featured in The StockGuru Spotlight.
To feature a company in The StockGuru Spotlight please contact the Publisher at email@example.com. If our reader is a key person for a publicly traded company, StockGuru can consider that company for either a StockGuru Spotlight or a StockGuru Profile. Please contact the StockGuru Publisher John Pentony at this email address: firstname.lastname@example.org.
Stockguru.com (“SG”) provides its members with the latest news, press releases, and trade alerts for all the companies highlighted on the site StockGuru.com. SG utilizes information believed to be reliable herein prepared all material. The information contained herein is not guaranteed by SG to be accurate, and should not be considered to be all-inclusive. The owner, publisher, editor and their associates are not responsible for errors and omissions. SG encourages readers and investors to supplement the information in these reports with independent research and other professional advice. All information on featured companies is provided by the companies profiled, or is available from public sources and SG makes no representations, warranties or guarantees as to the accuracy or completeness of the disclosure by the profiled companies or the information contained herein. The companies that are discussed in this opinion have not approved the statements made in this opinion. This opinion contains forward-looking statements that involve risks and uncertainties. This material is for informational purposes only and should not be construed as an offer or solicitation of an offer to buy or sell securities. SG is not a licensed broker, broker dealer, market maker, investment banker, investment advisor, analyst or underwriter. Please consult a broker before purchasing or selling any securities viewed on http://www.Stockguru.com or mentioned herein.
This release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. “Forward-looking statements” describe future expectations, plans, results, or strategies and are generally preceded by words such as “may”, “future”, “plan” or “planned”, “will” or “should”, “expected”, “anticipates”, “draft”, “eventually” or “projected”. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company’s annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and SG undertakes no obligation to update such statements. Pentony Enterprises LLC is occasionally compensated for coverage. When this is the case, SG clearly indicates this with a disclosure of all compensation received in the past and present. Additionally SG also discloses any anticipated compensation in the future. Compensation is typically in cash. Sometimes a company pays SG in restricted shares. Pentony Enterprise and its associated companies does not take free trading shares for any reason at anytime. StockGuru is not a registered investment adviser or a broker-dealer. StockGuru LLC makes no recommendation that the purchase of securities of companies profiled in this web site is suitable or advisable for any person, or that an investment in such securities will be profitable. In general, given the nature of the companies profiled and the lack of an active trading market for their securities, investing in such securities is highly speculative and carries a high degree of risk.
John Pentony, Publisher, Stockguru.com
Tel: +1 469 252 3031