posted
GAXY,Looks like we closed above the pivot point of .228,,Not seeing much resistance until about .26.I think this should have some nice momo this week,Alot of people are watching this one and they know it is oversold here.
IP: Logged |
posted
GAXY - wow with the demand for gold right now in today's economy this thing has every right to be going nuts IMHO!
nice site too...
Galaxy Minerals Inc. a Florida corporation currently traded on the NASDAQ OTC BB (trading symbol GAXY.OB). The company was set up in order to develop & explore Gold and other Mineral projects that show merit.
The company has acquired certain mineral rights which include the following projects...
Yellow Jacket - Santa Cruz, Arizona Cullebrillas - Peru Oatman United Oatman, Arizona Oatman Southern - Oatman, Arizona Oatman Victoria Oatman, Arizona Copper Mountain - Arizona Yaba - Yavapai County, Arizona Treasure King - Arizona Lexington - Lexington, Arizona Tom-Reed Junior - Mohave County, Arizona Phelps - Dodge - Cleopatra - Mohave County, Arizona
posted
Galaxy Minerals Acquires the Cleopatra - Bonanza Gold Project in Mohave County Arizona
Monday March 21, 9:36 am ET
- Potential Resource in Excess of 50 Million Tons of Ore and Grades Up to 0.33 Ounces of Gold Per Ton -
LAKE VILLA, Ill. and SANTA CRUZ COUNTY, Ariz., March 21 /PRNewswire-FirstCall/ -- Galaxy Minerals (OTC Bulletin Board: GAXY - News), today announced that the Company acquired mineral rights relating to the disseminated Cleopatra / Bonanza Gold project from the McIntyre & Bauman Group, the largest private owner of precious mineral rights in the state of Arizona. The Cleopatra-Bonanza project could contain a potential resource of up to 16 million ounces of gold and is located on approx. 5,000 acres south of Kingman, Arizona.
Searchlight Exploration/ McIntyre & Bauman stated, "We are very impressed with the expedient manner in which Galaxy has progressed with the Yellow Jacket mine toward production. It is our contention that Galaxy is the perfect company to explore, develop and mine the Bonanza deposit."
About Bonanza
Bonanza is in the heart of the detachment fault terrain that hosts the multi-million ounce Mesquite, Picacho and Copperstone gold mines. Bonanza may well prove to be the largest of these deposits found to date with a potential, according to the last major to do work there, of a tonnage in excess of 50 million tons of ore and grades up to 0.33 ounces of gold per ton."
The following is an excerpt from the Phelps Dodge Report of 1984 written by R. K. Zimmerman: "The Cleopatra Project, located about 45 miles South-Southwest of Kingman Arizona, is being explored for large gold deposits of low to moderate grade. Potential size and grade range up to 50 Million Tons and .33 ounce of gold per ton. Mineralization present at the property consists of Quartz, Gold, Hematite, Chlorite, Fluorite, and Copper minerals. Recent information indicates deposits of economic significance will be hosted by mylonitic gneiss in the footwalls of major low-angle structures. Such mineralization is often present on high-angle faults in the hanging walls. Such mineralization is widespread in the upper plate of at least one such structure at Cleopatra. Magnetite is present beneath known deposits of this type, and ground magnetic surveys have proven useful in their discovery and delimitation."
About Searchlight Exploration
A member of the McIntyre & Bauman group of companies, Searchlight traces its roots to General John D. McIntyre, who was the first mining engineer at the Homestake Gold Mine in South Dakota and the first of four generations of McIntyre's who have been active in this business.
ABOUT GALAXY MINERALS (www.galaxyminerals.com)
Galaxy Minerals, Inc. is incorporated in the State of Florida and trades on the OTC BB under the symbol GAXY.OB. Its main focus is that of Mining & Mining Exploration. Included in Galaxy Mineral's portfolio in various forms of JV and interest earning ventures are:
PERU:
The Culebrillas Gold Mine situated in the Pataz Gold Belt of Northern Peru has a potential Inferred Mineral Resource in excess of 3,000,000 ounces Gold, based upon independent historical data calculations, extensive sampling, previous drilling programs, and actual pilot plant production for the past 10 years. Galaxy has acquired certain mineral rights in Peru, to develop the Culebrillas mine.
ARIZONA:
OATMAN GOLD & LEXINGTON PATENTED GOLD PROJECTS
Galaxy Minerals Inc. has a 75% interest in 7 patented and 76 unpatented mining claims in and around Oatman Arizona.
YELLOW JACKET GOLD MINE & PHOENIX GOLD PROJECT
Galaxy currently holds a 51% interest in the patented Yellow Jacket Gold Mine in Southern Arizona and the adjoining Patented Phoenix Gold project
The Company's headquarters are located in Chicago. Galaxy Minerals, Inc. 500 Park Ave. Suite 203 Lake Villa IL 60046 847-265-7600 - Phone 847-265-0995 - Fax Lines Email: Info@Galaxyminerals.com Or Investor Contact: Cynthia DeMonte DeMonte Associates 212-650-0525 cdemonte@aol.com www.demonte.com
Forward-Looking Statements: Mining and Mining Exploration is inherently risky by nature. If you are contemplating an investment in the company you should prior to any such action, contact your financial advisor and or accountant/Legal council or other party in advance of any such action. We recommend that you seek advice from an Industry specific consultant in conjunction to consulting your normal advisor. If you are in any doubt rather exercise caution and stay out. Certain statements included herein may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. All statements, other than statements of fact, including, without limitation, statements regarding potential future plans and objectives of the company, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. The Company's actual results could differ materially from those anticipated in such forward-looking statements as a result of a number of factors. These risks and uncertainties, and certain other related factors, are discussed in the Company's Form 10-KSB, Form 10-QSB and other filings with the Securities and Exchange Commission. These forward-looking statements are made as of this date and the Company assumes no obligation to update such forward-looking statements as a result of a number of factors.
posted
Gaxy look out for tommorrow, after reading the news and huge val today strong close looking to add first thing tomorrow!!! don't sleep on this one guys.. over .30 this week..
IP: Logged |
quote:Originally posted by prooo: Gaxy look out for tommorrow, after reading the news and huge val today strong close looking to add first thing tomorrow!!! don't sleep on this one guys.. over .30 this week..
GAXY now on Tuesdays' watchlist for HOTOTC.COM
GAXY has these things working for it:
1. GOOD NEWS MONDAY/ MORE likely TUESDAY....
2. DIVIDEND DEADLINE coming MARCH 31st....
3. CHART-BOTTOM, COMING OFF SUPPORT....
4. HUGE VOLUME/VISIBILITY ....
All reasons why we should see strong movement through end of month!
IP: Logged |
posted
GAXY looking much better, and we see steady buying this morning, making new highs along the way! Next target - .20, probably will hit today. Recover will continue back to mid 20's soon, and will then see aggressive buying shortly before the 31st dividend deadline, imo.
IP: Logged |
quote:Originally posted by BullzeBob: GAXY looking much better, and we see steady buying this morning, making new highs along the way! Next target - .20, probably will hit today. Recover will continue back to mid 20's soon, and will then see aggressive buying shortly before the 31st dividend deadline, imo.
Man, I wish there was just one thread on this... You echo my thoughts BullzeBob, that's why I've held.
-------------------- "Watch the pennies and the dollars will take care of themselves."
IP: Logged |
posted
Question: When the 20% dividend is paid, won't the stock just drop to adjust for it? (It's a stock shares dividend, right? Is it a split 6:5 or 1 extra share per 5 (eg: no dillution)?
-------------------- May your trading build your character as well as your portfolio.
IP: Logged |
UBBFriend: Email this page to someone!
Printer-friendly view of this topic
![[Cool]](cool.gif)
....
![[Eek!]](eek.gif)
