Featured Stock Pick Midex Gold Corp (MXGD)!
MXGD Rising Slowly Under the Radar On Accumulation. This Gold/Diamond Player Could Move Up Significantly Based on Recent Activity!
We wanted to talk to you about an 8 cent stock that has been rising and appears to be under accumulation. What also caught our attention was its CEO's recent comment "The sale of Africa's most prolific diamond producing mine to Petra Diamonds Limited from De Beers further reinforces our belief that our 46 square kilometer Magembe diamond property that is directly adjacent to the eastern, northern, and western boundaries of the Williamson (Mwadui) Mine has the potential to become a world-class diamond mine." The company we are referencing is Midex Gold Corp. which trades on the OTCBB under the symbol "MXGD" at .08 cents a share.
Midex Gold Corp. is positioned to take advantage of Tanzania's rich mineral resources by developing a select portfolio of near-term gold and diamond production projects. With the company's network of strategic relationships with senior mining professionals and government officials in Tanzania, it is poised to identify key mining concession targets that are ready to be developed.
For those who are unfamiliar with the region, Tanzania is a sovereign state in central East Africa bordered byKenya and Uganda to the north, Rwanda, Burundi and the Democratic Republic of the Congo to the west, andZambia, Malawi and Mozambique to the south. The country's eastern borders lie on t he Indian Ocean.
Africa is a far more significant trading partner for the U.S. than is widely realized.
Africa is a far more significant trading partner for the U.S. than is widely realized.
The continent as a whole holds abundant human and natural resources, and the U.S. is Africa's largest single country market Two-way trade between the U.S. and sub-Saharan Africa was over $70 billion in 2006, more than double the total of $32.5 billion in 2003.
Company President Morgan Magella recently said in reference to its gold prospects "With Tanzania having some of the largest gold deposits in the world and the price of gold trading above $1000 per ounce, this is the perfect time to look at high quality gold prospects". Mr. Magella has spent the past 10 days on five property visits and hopes to be able announce the companies move into gold exploration very soon.
Continue to keep MXGD on your radar for this could rise based on locality to De Beers diamond mine and Gold being over 1000!
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