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Howdy Folks,
I hope everyone read our alert on
PNGM last night and started your
research. If you have not yet read our alert, I have posted last
night`s email below.
Our alert for today is pure gold! We have alerted many gold
exploration companies in the past, but this particular company has
a broad portfolio of strategic gold properties, including one in
British Columbia and three others in Nevada.
Gold has increased 17.7% since 2003 and as of today, it was valued
at $1,730.91 per ounce. Gold is one of the chemical elements and
has been used as a store of value for at least 5000 years. Gold
stores its value so well that 2000 years ago, one ounce of gold
would buy a fine man`s outfit. Its price increased significantly
after the economic downturn a few years ago. It is often called a
barometer of fear because when people are anxious about the
economy, they turn to gold and bid the price up!
We feel as if Pengram Corporation (
PNGM) is a great example of a
gold exploration company that is led by a management team that has
an exceptional track record of mineral discovery and property
development.
Pengram Corporation (
PNGM) engages in the acquisition, exploration,
and development of natural resource properties, primarily gold. It
holds 216 claims covering an area of approximately 4,350 acres in 3
properties in Nevada, including the Fish Project in Esmeralda
County, the CPG project in Mineral County, and the Golden Snow
property in Eureka County. The company also has interest in the
Clisbako property, which consists of mineral claims covering an
area of 8,372 acres in the Cariboo Mining District of British
Columbia. Pengram Corporation was founded in 2006 and is based in
Bellingham, Washington.
British Columbia
The Clisbako Property is located in the Cariboo Mining Division of
British Columbia, consisting of approximately 3,388 hectares (13
sq.miles or 8,372 acres) 125 kilometers west of the city of Quesnel.
Nevada
Pengram currently controls 2 separate properties in Nevada, the
Fish Project and the Golden Snow Project. All properties are in
close proximity to existing and completed mines. The Fish Project
lies within The Walker Lane Mineral Belt of Western Nevada. It is
a highly mineralized area, containing several world-class
epithermal precious metal deposits, such as the Comstock Lode
(estimated production of 8.6 million ounces of gold and 192 million
ounces of silver), and Round Mountain (over 10 million ounces of
gold produced since 1906), as well as porphyry copper deposits.
Press Releases
BELLINGHAM, Wash., Nov. 12, 2012 /PRNewswire/ -- Terrace Ventures
Inc. (Symbol:
TVER.
OTCQB) ("Terrace") and Pengram Corporation
(Symbol:
PNGM.PK) ("Pengram") issued the following joint news
release today with respect to the Golden Snow Project in Eureka
County, Nevada.
Terrace is earning up to a 75% interest in the Golden Snow Property
from Pengram. Once Terrace has completed earning its interest, the
parties will form a 75/25 joint venture.
During 2012, Terrace completed a work program on the property that
consisted of soil sampling and rock sampling. Fourteen rock
samples were collected in the area of a previously identified large
2,800 ft. diameter magnetic anomaly. Seventy-two soil samples were
collected to help delineate the extension of the collapse breccia
zones on the Golden Snow Project. Based on the successful
completion of the program, Terrace`s geological consultant has
recommended that a program consisting of 3,000 feet of reverse
circulation drilling to test locations for gold bearing collapse
breccias and to test a probable intrusive indicated by ground
magnetic data. The program has an estimated cost of $175,000.
Subject to financing, Terrace intends to proceed with the
recommended program. The geological consultant also recommended
that Terrace locate and record additional claims adjacent to the
property. This process is underway.
For more information, visit the company`s website at
www.pengramgold.com.
PNGM had a significant run this afternoon! It was up 7.27% as of
mid-afternoon and was trading midway between its 52-week high!
Before making an investment in
PNGM, please conduct your own due
diligence. Your own research and analysis is always imperative!
Like always, your due diligence and research should always be
conducted thoroughly!
Happy Trading J
StockExploder.com
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