SOURCE: Elite Traders Group LLC

March 21, 2013 08:30 ET

Elite Traders Group Is Taking a Look at Gold Exploration Stocks This Week

NEW YORK, NY--(Marketwire - Mar 21, 2013) - The following gold exploration micro-caps are getting a lot of attention from investors recently. Goff Corp. (OTCQB: GOFF), U.S. Mine Makers, Inc. (PINKSHEETS: UMKR), Discovery Gold Corp. (OTCQB: DCGD) and Pan American Goldfields Ltd. (OTCQB: MXOM)

Goff Corp. (OTCQB: GOFF) has had a lot of eyes on it the last few days. Based on 227M shares outstanding and a price per share of .3385 GOFF Corp. has a market-cap of over $67M. Based on the last 10Q filed February 20th, 2013 for the period ending December 31st, 2012 Goff Corp had $5,653.00 in cash and assets. GOFF Corp. announced yesterday that its wholly owned subsidiary Golden Glory Resources S.A. has announced a multi-phase exploration program for its newly acquired La Frontera Gold Project in Dept. of Caldas, Colombia. The securities have performed well with record volume this week gaining over 260%. We will keep an eye out for the fundamentals. However a high profile trade like GOFF may just warrant a look from a technical standpoint and that's exactly what we have prepared for you here:

U.S. Mine Makers, Inc. (PINKSHEETS: UMKR) securities were on a wild ride yesterday trading three times the daily average volume in a range from .028-.052/share. This junior gold exploration company announced yesterday that it has entered into an agreement to acquire ownership of 80% of 400 acres of placer mining claims in Sierra County, California, located near the northern end of the historic Motherlode district, which has two major gold-producing areas: the Alleghany and Downieville districts. As of February 26th,2013 the public float was a meager 9.5M shares with a total outstanding of 59.6M. Should the high volume continue we could see some potential here with UMKR. Let's take a look at the chart and technical here:

Discovery Gold Corp. (OTCQB: DCGD) has traded over 1.4M shares this week already on news of a 43-101 Report Confirming Gold Bearing Quartz Vein Targets. As of Monday the average three month daily traded volume was around 85K shares. This could be a good sign that investors are becoming more aware of this junior gold mining/exploration company. To get more on DCGD copy and paste the following link to your browser:

Pan American Goldfields Ltd. (OTCQB: MXOM) is a relatively undiscovered gold mining OTCQB stock. MXOM has projects in Mexico's Sierra Madre gold-silver belt and the Maricunga Gold Belt straddling the border between Argentina and Chile. The Company's most advanced development is its now producing Cieneguita gold-silver project, where a Preliminary Economic Assessment for the expansion of the operation is underway. Pan American Goldfields last 10Q for the period ending November 30th,2012 boasts an impressive 263K in cash and 850K in accounts receivable. Currently trading at .20/share with 94M shares outstanding, MXOM has a market cap of approximately 17M. This one is worth a deeper look. Get our full analysis here:

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Disclaimer: is owned by Elite traders Group LLC. Information, opinions and analysis contained herein are based on sources believed to be reliable, but no representation, expressed or implied, is made as to its accuracy, completeness or correctness. The opinions contained herein reflect our current judgment and are subject to change without notice. We accept no liability for any losses arising from an investor's reliance on or use of this report. This report is for information purposes only, and is neither a solicitation to buy nor an offer to sell securities. Certain information included herein is forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements concerning manufacturing, marketing, growth, and expansion. Such forward-looking information involves important risks and uncertainties that could affect actual results and cause them to differ materially from expectations expressed herein. First Penny Picks has not been compensated for this report.

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