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COMPANY NAME: HEMISPHERE GOLD INC
TICKER SYMBOL: HPGI
CURRENT PRICE: 1.50
5 DAY TARGET: 2.75 - 3.00
Hemisphere Gold Discovers a Series of Gold Anomalies Trending North-South for Over 20 km
Monday February 5, 6:30 am ET
Company Reports on Initial Stream Sediment Sampling Program
RENO, Nev.--(BUSINESS WIRE)--Hemisphere Gold Inc. (PINK SHEETS:HPGI - News), a gold exploration, property acquisition and mining development company, is pleased to announce initial stream sediment sampling results at its South American property in Suriname, which point to a number of gold anomalies with individual sample values up to 25,000 ppb gold.
Hemisphere Gold's wholly owned subsidiary "Orion Resources NV" ("Orion") started the first phase of successive exploration activities at primary or bedrock gold occurrences in its concessions, with an extensive stream sediment-sampling program. In this program only the geologically potential gold area was included. The stream sediment-sampling program was divided in several field periods of 6 weeks. The concessions are located partly in the district of Brokopondo where the creeks flow into the Blommenstein reservoir, forming part of the drainage area of the Suriname River, and the district of Sipaliwini where the creeks are part of the drainage area of the Marowijne River.
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Responding to the new political realities of a Democratic-controlled Congress, Bush will propose balancing the budget in five years, matching a goal put forward by Democratic leaders.Ryan, 65, was charged with assault with a deadly weapon and negligent discharge of a firearm and released on $50,000 bond.He is proposing eliminations or sharp reductions in 141 government programs, for a savings over five years of $12 billion, although Congress has rejected many of the same proposals over the past two years.