Brush Creek Recommended a Buy By Elliott Wave International Analyst.GRASS VALLEY, Calif.--(BUSINESS WIRE)--Jan. 13, 1998--Brush Creek Mining and Development Co. Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :BCMD BCMD Blood Cells, Molecules, and Diseases (journal) BCMD Biological and Chemical Munitions Disposal ) is pleased to call attention to an interview in the financial press that took place yesterday. The interview featured Steven Porter Dr. Steven Porter (born 1943), BS MA PhD PD, is currently a candidate for the Third Congressional District of Pennsylvania. He is a teacher and composer, and in 1968 he became involved with politics when he helped Robert Kennedy in his presidential election campaign. , the Sectors Analyst at Elliott Wave International and Larry Strauss, senior mining analyst at Cannacord Capitol Corp. During the course of the interview, Strauss claimed: "The longer gold remains depressed, the more powerful the move to the upside will likely be. Consider that over half of current gold production is uneconomical at today's prices." In response to the following question: "What is your near term industry outlook? Which gold mining stocks are you recommending and/or avoiding?" Porter responded: "Canyon Resources, Royal Oak, and Brush Creek Brush Creek may refer to: In California:
At its recent annual meeting on Jan. 8, Brush Creek presented the report of the well regarded consultant, Odin Strandberg P.E., whom the company hired to assess its projects along the Melones fault of the California Mother Lode Mother Lode, belt of gold-bearing quartz veins, central Calif., along the western foothills of the Sierra Nevada. The term is sometimes limited to a strip c.70 mi (110 km) long and from 1 to 6 1-2 mi (1.6–10.5 km) wide, running NW from Mariposa. . Strandberg has estimated that total costs of production, including capital and development costs, will be less than $200 per ounce. The company believes it is important to be a low cost producer, and is pleased to be recommended by so well-known a technician as Porter. Brush Creek controls nine historic gold mines in the Alleghany-Downieville gold district of Northern California Northern California, sometimes referred to as NorCal, is the northern portion of the U.S. state of California. The region contains the San Francisco Bay Area, the state capital, Sacramento; as well as the substantial natural beauty of the redwood forests, the northern , which produced more than 12 million ounces of placer and 2 million ounces of hard rock gold. The company also controls more than 4,000 acres of potentially diamondiferous ground near La Porte La Porte (lə pôrt), city (1990 pop. 21,507), seat of La Porte co., NW Ind.; inc. 1835. It is a manufacturing center in fertile farmland on the edge of the Calumet industrial region. , Calif. CONTACT: Brush Creek Mining and Development, Grass Valley Lionel Gosselin, 888/272-7335 Jim Chapin, 916/477-5961 |
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