SOURCE: Wall Street News Alert

Wall Street News Alert

April 06, 2010 09:38 ET

Wall Street News Alert: Trade Alert: SAEI - April 6, 2010

NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued by Wall Street Capital Funding.

WESTON, FL--(Marketwire - April 6, 2010) -  Wall Street News Alert's "stocks to watch" this morning are: Supatcha Resources Inc. (OTCBB: SAEI), Goldcorp Inc. (NYSE: GG), Hecla Mining Company (NYSE: HL) and Newmont Mining Corporation (NYSE: NEM).

Yesterday after the markets closed, Supatcha Resources Inc. (OTCBB: SAEI) issued a press release announcing that it has signed a definitive agreement to acquire a 90% interest in the Barlevskoye and Vynohradiv Gold licenses in Southwestern Ukraine from arm's length third parties.

Supatcha will pay $7,500,000 and will issue 500,000 common shares, in consideration for 90% of the issued and outstanding shares of Poltavas Capital Management Ltd., a BVI Company which on closing, will own all of the outstanding shares of Zolotivorota ("Golden Gate"), a Ukraine company which holds the rights to the properties by way of two Special Permissions issued by the Ministry of Environmental Protection.

The highly prospective Barlevskoye and Vynohradiv licenses are located in the southwest Ukraine some 8 kilometers east of the Hungarian border near the town of Mochola. The two licenses are underlain by Neogene age volcanics in what is believed to be a series of nested calderas. The mineralization at the property is epithermal style gold, silver, lead and zinc (Au-Ag-Pb-Zn). Total area covered by the properties is 11.667 km2.

The licenses are adjacent to the Berehiskyi license-deposit, which recently underwent underground mining for gold from 1999 to 2006 by Zakarpolymetally (a local subsidiary of the local government). The Berehiskyi License hosts a historic, near-surface polymetallic deposit, which is reported to contain approximately 18,709,300 t of 1.88 g/t Au; 38.35 g/t Ag; 2.07% Pb and 4.76% Zn.

The quoted disclosure for the Berehiskyi Gold Deposit was disclosed publicly by Zakarpolymetally. The deposit information is historical; it is relevant because it is indicative of a mineralized zone adjacent to the Barlevskoye and Vynohradiv licenses. The resource is based on drilling exploration and development carried out by Zakarpolymetally (USSR GKZ approved C1-C2 Soviet Category Resource). A Qualified Person (QP) has not classified historical estimates as current mineral resources-reserves, and Supatcha is not treating them as current mineral resources-reserves since recent work has not verified the historical estimates. Supatcha has not done any work, to date, to confirm these estimates.

For complete details, please refer to yesterday's press release.

Over the next several weeks, Supatcha is planning to review all the historical information, re-log and possibly resample some of the drill core from previous operators. We also plan to digitize the drilling and underground data to confirm the historical estimated tonnages and to confirm the known drill targets. It is expected that the next surface drill program should be underway in early spring of 2010.

Mr. Andrei B. Yasinskij is Supatcha's Chief Geological Advisor and is the qualified person for the exploration and development of the Barlevskoye and Vynohradiv Project. Mr. Yasinskij will be responsible for all of the technical reporting in compliance with NI 43-101.

The stock closed yesterday at $1.75 a share.

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Goldcorp Inc. (NYSE: GG) up 0.03% on 7.1 million shares traded.

Goldcorp is the lowest-cost and fastest growing multi-million ounce gold producer with operations throughout the Americas. Its gold production remains 100% unhedged.

Hecla Mining Company (NYSE: HL) up 2.7% on 8.2 million shares traded.

Hecla Mining Company headquartered in Coeur d'Alene, Idaho, mines, processes and explores for silver and gold in the United States and Mexico.

Newmont Mining Corporation (NYSE: NEM) up 1.7% on 5.5 million shares traded.

Newmont Mining Corporation is one of the leading mining companies in the U.S.

Market Commentary:
The National Association of Realtors said Monday its seasonally adjusted index of sales agreements rose 8.2 percent from January to a February reading of 97.6. January's reading was revised slightly downward to 90.2.

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