SOURCE: Wall Street News Alert

Wall Street News Alert

July 31, 2007 08:43 ET

Wall Street News Alert Issues Special Alert on KRXR! July 31, 2007

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

WESTON, FL--(Marketwire - July 31, 2007) - Wall Street News Alert's "stocks to watch" this morning are: Kimber-X Resources Corp. (PINKSHEETS: KRXR), Blue Nile, Inc. (NASDAQ: NILE), SIRIUS Satellite Radio (NASDAQ: SIRI) and Freeport-McMoRan Copper & Gold Inc. (NYSE: FCX).

With a potential joint venture on the horizon, Kimber-X Resources Corp. (PINKSHEETS: KRXR) is a great new stock to put on your radar screen right now. Monday, the company, which is focusing its efforts in raw diamond exploration, issued a press release confirm that it has received the available detailed geological information and outline of proposed work requested from its potential joint venture partner with regard to participating in a joint venture for a sizable claim block in the Forte a La Corne area of Saskatchewan, Canada.

This potential joint venture could be huge for the company, as according to the press release, the Forte a la Corne area may host one of the most extensive kimberlite fields in the world and possibly the world's largest diamond deposit. Recently the two largest diamonds recovered in Saskatchewan of 49.50 and 22.56 carats were discovered in Fort a la Corne. The Company's geological evaluators are now reviewing and assessing the provided data with a view to participating and providing the requested funding.

Furthermore, according to a press release issued on July 17th 2007, the company's potential joint venture partner has recently received formal provincial government approval of the large block of claims it has staked in and directly adjacent to the Forte a La Corne area.

The Fort a la Corne kimberlite field has seen significant advancements in geological and geophysical perception that has expanded the understanding of the nature of these deposits and the potential for other discoveries in the region. This combined with successful bulk sampling programs defines an increase in diamond size distribution that has significantly added to the confidence of the project and the drive toward an exploration decision.

The immediate area surrounding Fort a La Corne is geologically similar and is highly favorable to host additional kimberlite clusters. World models for kimberlite emplacement patterns points to a clustering effect that is generally offset by significant sub clusters. A review of assessment work for areas surrounding Fort a La Corne clearly indicates that up to now little to no effort has been applied to advance the understanding of the regional potential to host significant additional extensions. Initially the joint venture proposes to review the available data and to conduct a more detailed aeromagnetic survey of certain portions of the Property to confirm the results of the Company's theories regarding low frequency sites.

Unique geological circumstances in the region have resulted in the kimberlites size and tonnage to be up to one hundred times any found worldwide totaling over 10 billion tonnes. The Sask craton axis runs directly through the joint venture area. The physical form of the kimberlites allow for open pit development at a low stripping ratio. The location of the kimberlite bodies in central Saskatchewan allows for exploration and development in an area that has significant infrastructure lowering cost of building and operating a diamond mine.

Wall Street News Alert is placing Aggressive Investors on alert to monitor the progress of Kimber-X Resources Corp! It is currently estimated that over 45% of world diamond exploration is now being conducted in Canada, with the country slated to become the world's #1 diamond producer in the near future. Since its inception, Kimber-X has been diligently working to position itself as a significant participant in the exploration of diamonds. The Company has spent the last several months coordinating its administrative and financial activities, while continuing to work closely with potential joint venture partners to ensure that the claims being optioned by the Company meet the Company's rigorous exploration criteria.

KRXR had closed Monday at $1.17 a share.

For Wall Street News Alert's in-depth profile of Kimber-X Resources Corp, visit

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.

Blue Nile, Inc. (NASDAQ: NILE) up 1.5% on 356,000 shares traded.

Blue Nile is the leading online retailer of diamonds and fine jewelry. It has built a well respected brand by providing consumers with a better way to buy diamonds and fine jewelry.

SIRIUS Satellite Radio (NASDAQ: SIRI) up 2.7 % on 38.2 million shares traded.

SIRIUS, "The Best Radio on Radio," delivers more than 130 channels of the best programming in all of radio. SIRIUS is the original and only home of 100% commercial free music channels in satellite radio, offering 69 music channels.

Freeport-McMoRan Copper & Gold Inc. (NYSE: FCX) up 4.2% on 11.7 million shares traded.

FCX is a leading international mining company with headquarters in Phoenix, Arizona. FCX operates large, long-lived, geographically diverse assets with significant proven and probable reserves of copper, gold and molybdenum.

Market Commentary:

"Stock closed higher on Monday, rebounding after last week's steep losses. Some solid earnings and takeover activity boosted the stock market, which is coming off the Dow's and the Standard & Poor's 500 index's biggest weekly drops in nearly five years," stated Sonja Rudd in Wall Street News Alert's daily commentary continued at:

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