Unwatched Stock about to Copper prices are going UP, UP, UP. They are going up because the strong Chinese economy and global infrastructure build-out are fueling an unprecedented demand for copper. Whenever there's an un-balance in the market like this, it means there's an opportunity for investors. And that's why I'm excited about Red Lake Exploration... they've recently grabbed the rights to re-open a hot zone in Chile's highly prolific copper and gold mining area...
If you act today, you have the opportunity to buy a potentially huge winner in its early stages. And with major copper producers looking for acquisitions to build reserves, a buy-out at an attractive premium is certainly possible. I'm Eric Dany, Editor of the Stock Prospector newsletter and I have a solid track record of uncovering high potential opportunities. I'm proud of my track record, as my research has discovered lots of huge winners. For example, My recent natural resource picks have done very well. Recent big winners include: Nova Gold profits 100% and 135%, PetroChina up 98%, Suncor Energy up 365%, Yanzhou Coal profits 100% and 118% and Transocean with profits locked in at 100% and up 255%. I'm excited about Red Lake exploration because it has all the characteristics I look for in discovering huge winners. It's very similar to one of my best ever natural resource picks, Wentworth Energy—which exploded from 50 cents a share to over $5.50 in less than six months...a terrific 1,000% gain. Here are the five characteristics I demand for explosive natural resource opportunities:
And Red Lake Exploration meets all five criteria. Paydirt in Chile Red Lake Exploration's management really did its homework before taking options to purchase its claims. They wanted to make investments in an area that well known for production with a high probability of success. What better location than Chile...in 2000, Chile produced 35% of the world's mined copper and was the home of the largest copper mine. Chile continues to be a top producer and exporter of copper. Gold is often a by-product of copper mining, and Chile produces 1.5 million ounces of gold annually. Starting in the 16th century, Chile's III region—located in the coastal mining area—was the nation's premier mining center for copper, gold and silver. However, the area remains largely under-explored. That's because yesterday's miners preferred to exploit easier-to-develop inland areas. But due to the surge in commodity prices and vastly improved mining techniques, there's a renewed interest in Chile's under-explored, high-potential coastal mining properties. NOT a Shot in the Dark It didn't take Red Lake's management long to realize there were multiple high-potential possibilities in Chile's mineral-rich coastal area. They identified several viable properties and secured options to buy contracts on the properties. The claims Red Lake optioned include the Farellon, Santa Rosa and Camila properties. Importantly, management is NOT taking a "shot-in-the-dark" with these claims. The mines have previously been explored and shown to have extensive mineral deposits. With the contracts now in place, Red Lake is recruiting geologists to document the mines' potential. Using today's state-of-the-art technology they'll be able to accurately determine the full potential of the mines. Three Properties--MAMMOTH POTENTIAL! Red Lake's premier project is the Farellon property. This property is located in the highly prospective Candelaria Iron Copper Gold (IOCG) Belt, home of Freeport-McMoRan's Candelaria Mine. Recent activity in the belt by Latitude Resources and HudBay Minerals have reported viable concentrations of copper and gold ore. Recent surface sampling on the Farellon property returned values of up to 6.7% Cu. Historic drilling on the property has shown sulphide and oxide mineralization to a depth of 150 meters, outlining a key 1.7 kilometer strike zone. In depths to 20 meters in the zone, gold samples have ranged from a high of 4.17 g/T, to a low of 0.97 g/T, with copper concentration ranging from 5.3% to 1.2%. Importantly, the mine is located two miles southwest of the existing Carrizal Alto Mine, which was mined from 1820s to 1891 to a depth of 600m. The mine was shut down due to flooding, but produced in excess of 3 million tons of copper grading 5% in veins up to 15m wide along 2km strike length. Production included high grade copper shipments of up to 15%. Red Lake's current exploration program will target the known mineralization areas and provide infill drilling on other previously untested surface targets. These efforts will expand upon the Australian mining consultant, Willsteed & Associates' 1997 property valuation and mining plan, which included:
The Santa Rosa property is made up of two mining and exploration concessions totaling 110 hectares, or more than 270 acres. This is an advanced exploration project for Red Lake also located within the Candelaria IOCG Belt. There’s been extensive surface mapping, trenching and drilling completed that have identified widespread iron oxide deposits on the property. The heavy iron oxide concentration is indicative of a giant IOCG system that has the potential to deliver multi-million tons of copper and gold ore. A large 2007 ore sample produced grades up to 19.8% copper and 13.9 grams/ton of gold. At Santa Rosa, the company intends to focus their drilling efforts on newly identified copper and gold targets. Ore from the property is being sold to ENAMI, a Chilean national mining company. At their Camila Breccia copper-gold project, the company has started an exploration consisting of six drill holes on previously identified mineral targets. The 1,900 acre project is made up of four concessions. The property was last explored in the late 1990s by Trilogy Metals. Previous work included a property-wide geological mapping and sampling program. Surface grab samples have returned promising copper values up to 1.15% and gold up to 7.5 gram/ton. There are two significant mineralized structures already identified on the property—the El Zorro Vein and the Camila Breccia. The El Zorro vein is a gold-bearing specular hematite-pyrite-quartz vein exposed on the surface for approximately 1.2 km. The Camila Breccia is large hematite-quartz hydrothermal breccia outcrop approximately 250 meters in diameter. Importantly, these structures are associated with large, high-potential mineralized systems similar to other large IOCG deposits in the belt. It's important to note that nearby mines in near the under-explored area include Freeport-McMoRan's Candelaria Mine, with reported mineable reserves of 470 Mt of copper, gold and silver; and Anglo American's Manto Verde Mine, with reported proven and probable reserves of 67.2 Mt of copper.
Red Lake's ongoing exploration drill test will confirm what management already knows—the area is laced with copper and gold. But most importantly, the results will show the full potential of the property, which could be substantially more than previously thought, which means the stock is tremendously under-valued. Test Results = Big Gains The test results are very important for investors, because typically the price of exploration and development mining companies stock jumps when favorable drilling test results are announced. Because of the current high prices of copper and gold, the history of the area surrounding the Farellon property and its proximity to nearby operating mines, I have every expectation the drill results at the Farellon property will prove the mine to be far more profitable than previously thought. Once these results and favorable progress reports from Santa Rosa and Camila Breccia become known, I believe Red Lake's stock will make an initial 300% to 400% jump—and far more over the longer-term as the company proceeds to develop the full potential of their valuable claims. Plus there's always the possibility of a buyout at a premium...Like the recent bid for Global Copper, a Vancouver company with a copper deposit in northern Chile. Global Copper's stock shoot up more than 25% in one day when Teck Cominco Ltd. made a takeover bid for them. With the stock currently trading well under $1 a share and meeting my criteria for explosive gains...just imagine the money you could make if the stock explodes like Wentworth Energy did. Do yourself a favor and add shares of Red Lake Exploration to your portfolio today! Invest Successfully, Eric Dany P.S. If you want to discover other high-potential, undervalued (and many times undiscovered) opportunities like Red Lake Exploration...stocks that are ripe for the picking in today's market, then the Stock Prospector can help you—just as it has helped others. Click here for a special introductory money-saving offer for the Stock Prospector.
IMPORTANT NOTICE AND DISCLAIMER: This publicly distributed report of Eric Dany's Stock Prospector ("EDSP") is a sponsored advertisement. The distribution costs of this report to new subscribers ($85,000) were funded by Fraserview Holdings Corp. in an effort to create investor awareness of Red Lake Exploration, Inc. (hereafter "Red Lake"), and also to generate subscription revenue for EDSP. EDSP will retain, over and above the cost of production and publication, any excess funds as profit. Eric Dany, the reviewer [or analyst], also received $10,000 for this report and also expects to receive an unknown amount of revenue from new subscriptions from the subscription offer contained herein. Eric Dany is not an investment adviser or broker-dealer, and this report, including the opinions expressed and the statements made within, is for informational and advertising purposes only. This report by EDSP does not purport to provide an analysis of any company's financial position, operations, or prospects, and should not be construed as an investment recommendation and does not constitute an offer to sell any securities, and it is not soliciting an offer to buy any securities in any state or other jurisdiction where the offer or sale is not permitted. Red Lake, the company featured in this issue, appears as paid advertising to enhance public awareness for Red Lake. The information contained in this report is based exclusively on information generally available to the public and does not contain any material, non-public information. Readers should independently verify all information in this report and should consult with their own professional investment, tax, and portfolio advisors. More information can be found at Red Lake's website at www.redlakeexploration.com. The information used to prepare this report is believed to be from reliable sources, but no representation is made as to the accuracy or completeness of such information. The information contained herein contains "forward-looking statements," within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements are based upon expectations, estimates and projections at the time the statements are made and involve risks and uncertainties that could cause actual events to differ materially from those anticipated. Forward-looking statements may be identified through the use of words such as expects, will, anticipates, estimates, believes, or by statements indicating certain actions may, could, should, or might occur. Any statements that express or involve predictions, expectations, beliefs, plans, projections, objectives, goals or future events or performance may be forward-looking statements. In accordance with the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, Eric Dany notes that statements contained herein that look forward in time, which include other than historical information, involve risks and uncertainties that may affect the company's actual results of operations. Please see Red Lake's reports filed with the Securities and Exchange Commission setting out the factors and other risks that could cause actual results to differ materially. More complete information about Red Lake is available from the website of the Securities and Exchange Commission, at www.sec.gov, and copies of Red Lake's filings may be read without charge at and copies obtained from, at prescribed rates, the public reference facilities of the Securities and Exchange Commission, at 450 Fifth Street, NW, Washington, DC 20549. | |||
