April 04, 2012 09:11 ET

4 Active Gold Stocks to Consider for 4/4/12: SRGL, NEM, FCX, GG - Major Gold Property Acquisition Announced

NOTE TO EDITORS: The Following Is an Investment Opinion Circuit Press Release Being Issued by

CORAL SPRINGS, FL--(Marketwire - Apr 4, 2012) - "stocks to watch" for today: Source Gold Corp. (OTCBB: SRGL), Newmont Mining Corporation (NYSE: NEM), Freeport-McMoRan Copper & Gold Inc. (NYSE: FCX), GOLDCORP INC. (NYSE: GG).

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Breaking News Alert: Tuesday after the markets closed for trading, Source Gold Corp. (OTCBB: SRGL) was pleased to announce the acquisition of a major new gold prospect: the Great White North Gold Project with Carlin Type Trend Discovery.

After extensive due diligence, Source Gold has acquired the Great White North Gold Project based on strong geological similarities to the Carlin Trend Style gold mineralization. The Carlin Trend in northern Nevada has produced more gold than any other mining district in the United States -- estimated at over 50,000,000 troy ounces.

ATAC's 1600 Sq KM, Rackla Gold Project is the only Canadian drill proven Carlin-Type gold discovery. Source Gold believes that based upon surface geology and geochemical information it has acquired, the Great White North Gold Project displays remarkable similarity to the ATAC Rackla gold district. Furthermore, the Great White North's proximity to ATAC Resources' recent gold find combined with the geological similarity of both properties; has induced the seller of the property to require Source Gold to pay nothing now, only a future work commitment and restricted shares in Source Gold Corp. Source Gold will plan a phase one spring exploration program shortly, details to follow.


Source Gold acquired the 2,785 acres of highly prospective mineral claims in Northern British Columbia, on the Yukon border. The area is home to some of the most prolific gold finds in Canadian history: Barrick discovered Eskay Creek which produced over 320,000 ounces and Placer Dome found McDame Creek where the historic 72 ounce gold nugget was found.

This acquisition makes Source Gold Corp. one of the only junior gold companies with gold properties diversified among three of the most prolific gold source areas in politically stable North America: the KRK Claims in the Beardmore-Geraldton greenstone belt, the Vulture Mine Claims in Arizona, and now the Great White North Claims in Northern British Columbia. The Beardmore-Geraldton belt has historically produced over 4.1 million ounces of gold, while the Vulture Mine was the biggest gold producing mine in Arizona before it was shut down due to the war effort in 1942.

"This acquisition is very exciting for Source Gold," stated Lauren Notar, President for Source Gold. "Not only is the geology exciting, but the terms the Company was able to procure for the property make it a perfect acquisition for a junior. And the success our neighbors have had on their gold claims is very encouraging indeed."

Read the entire SRGL press release announcing the acquisition along with their full disclosure here:

As Gold Mining Companies are ripe for a major rebound, investors are urged to research this stock further. SRGL is currently trading just above $0.07 per share.

Newmont Mining Corporation (NYSE: NEM) announced recently that it has received aggregate net proceeds of approximately $2,460 million, after deducting underwriting discounts and estimated expenses, upon the closing of its registered public offering of $1.5 billion principal amount of 3.500% senior notes due 2022 and $1.0 billion principal amount of 4.875% senior notes due 2042.

Freeport-McMoRan Copper & Gold Inc. (NYSE: FCX) recently reported that PT Freeport Indonesia (PT-FI) has commenced restart operations at its Grasberg mining and milling operations following a temporary labor-related shutdown on February 23, 2012. Mobilization of the workforce commenced on March 12, 2012 and mining and milling activities are being ramped up. Full production is expected to be reached in the second quarter of 2012.

GoldCorp Inc. (NYSE: GG) is one of the world's fastest growing senior gold producers. Its low-cost gold production is located in safe jurisdictions in the Americas and remains 100% unhedged. The company recently declared its fourth monthly dividend payment for 2012 of $0.045 per share.

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