SOURCE: Wall Street News Alert

Wall Street News Alert

June 06, 2007 09:13 ET

Wall Street News Alert: HMSO Is Wednesday's Stock to Watch! June 6, 2007

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

WESTON, FL--(Marketwire - June 6, 2007) - Wall Street News Alert's "stocks to watch" this morning are: Hemis Corp. (OTCBB: HMSO), Gerdau S.A (NYSE: GGB), Steel Dynamics, Inc. (NASDAQ: STLD) and Nucor Corporation (NYSE: NUE).

Once again, Hemis Corporation (OTCBB: HMSO) continues to issue exciting news for investors. The company, an international resource company with several advanced stage exploration properties in Mexico and a project in Cook Inlet, Alaska, has issued a press release announcing that the El Tigre project, Hemis' gold exploration project in eastern Sonora, Mexico, is currently undergoing an initial phase of diamond drilling. Currently, the team is drilling the sixth hole of an initial program of eight core holes, each hole having an average depth of approximately 200 meters.

This could be great news! The initial phase of drilling is intended to test several gold-bearing breccia zones. Without exception, the completed holes show signs of mineralization. Broad intercepts showing signs of brecciated, silicified and/or sulfide-bearing zones have been logged. Dr. Douglas Oliver, the chief geologist and drill supervisor at El Tigre, stated that the second hole looked particularly good. "The rocks are gorgeous. A continuous intercept of over 80 meters shows signs of being strongly mineralized," Dr. Oliver stated.

In addition, strong signs of the mineral molybdenite were noted below the mineralized breccias in hole number two. Hemis initially considered El Tigre to be strictly a gold target. However, several lines of evidence suggest that additional exploration for the mineral molybdenum porphyry is warranted at El Tigre. In addition to the strong possibility of molybdenum-bearing veins on the La Centela concessions, multiple granite and rhyolite intrusions support the possible existence of a molybdenum porphyry system. Evidence for this was noted in drill hole two where inclusions of rhyolite porphyry occur in granite. Normally granite would lie deeper and be older than the rhyolite. Also, the granite is extensively fractured with pyrite covering the fracture surfaces. It is hoped that molybdenite will replace the pyrite at depth.

Samples of the El Tigre drill core are currently being assayed at the ALS Chemex lab in Hermosillo, Mexico. Hemis is expecting the results from the first hole this week with the results of additional holes to be received on a weekly basis going forward.

Wall Street News Alert first initiated coverage of the company on March 29th, when it announced that it has signed an Earn-In agreement with Goldcorp Inc. through its Mexican subsidiary Glamis Exploration S.A. de C.V ("Goldcorp") and Corex Gold Corp. Goldcorp is the world's second largest gold company.

Wall Street News Alert is continuing to place Aggressive Investors on alert to monitor the progress of Hemis Corp! Last week we reported that the company announced it has entered into an agreement to acquire Aspen Exploration Corporation's Anchor Point gold project in the Cook Inlet area of Alaska, which includes all of Aspen's interests in maps, aeromagnetic surveys and geological information developed by Aspen in the Cook Inlet as well as rights to Offshore Prospecting Permit (OPP) applications.

The stock closed Tuesday at Eighty Eight cents a share.

For Wall Street News Alert's in-depth and updated profile of Hemis Corporation, visit

In case you are not familiar with the company: Hemis Corporation is a precious metals exploration company trading on the OTCBB under the symbol HMSO and listed on the Frankfurt stock exchange under the symbol XZA. The company is comprised of both a resource division and a resource investment unit. Hemis' high profile team is focused on evaluating gold projects with strong potential. The resource investment unit is actively reviewing other natural resource companies for joint ventures and investment.

Hemis is incorporated in Nevada, USA with its head office in Zurich, Switzerland and North American corporate communications representatives in Canada and the United States. Led by an experienced team of exploration geologists and financial professionals, this company has extensive international capital markets experience and proven track records.

To view all of Wall Street News Alert's special early morning trading alerts for this morning, visit, where you may also sign up to receive free email alerts in advance of our press releases being issued.

Gerdau S.A (NYSE: GGB) up 0.04% on 1.7 million shares traded. Gerdau S.A. engages in the manufacture and sale of crude steel and related long rolled products, drawn products, and long specialty products. It produces steel based on the minimill concept, whereby steel is produced in electric arc furnaces from scrap and pig iron.

Steel Dynamics, Inc. (NASDAQ: STLD) down 0.6% on 1.2 million shares traded. The company engages in the manufacture and sale of carbon steel products.

Nucor Corporation (NYSE: NUE) down 0.9% on 3.3million shares traded. Nucor and affiliates are manufacturers of steel products, with operating facilities primarily in the U.S. and Canada. Products produced include: carbon and alloy steel -- in bars, beams, sheet and plate; steel joists and joist girders; steel deck; fabricated concrete reinforcing steel; cold finished steel; steel fasteners; metal building systems; light gauge steel framing; steel grating and expanded metal; and wire and wire mesh. Nucor is the nation's largest recycler.

Market Commentary:

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