AHC News - Multiple Drill Targets

Artha Resources came out today with some solid insight into the key property areas they plan to drill target. The map above shows us the magnitude of the major land holdings all around Silver Standard's Pirquitas mine and multiple targets. So what's our odds of them hitting anything decent ? No one really knows til the drill bit speaks, this is the true nature of playing the grassroots stocks.


But when you break down the areas and define some of the geological terms, several provide some clear evidence that our odds increase,especially when the words " along strike " from the Pirquitas mine appear. Not only that, it is the size of the area. The Noellia Breccia is 1.7 X .8 KM in dimension,that is one nice sized chunk of land ! If we get some decent sniffs on the ground sampling then AHC will attract mucho market attention.

As the PR states:

Follow-up field work lead to the identification of a large tectonic breccia with dimensions of 1.5km x 0.6km. The breccia is hydrothermally altered and is aligned along a NW structural system with NE cross-cutting secondary structures, consistent with the major regional structures which host many of the known deposits in the area.


Considering the dozen or so historical mines since the 30's that dot the area around Pirquitas it would make sense that Noellia has decent potential to host something of value. As noted in the PR, a Priority #1 indeed !


If the map pic does not work, please use this link and see the press release below and there is a map at the bottom that can be blown up.

Over the coming days I will disesct the other drill targets but this is enough to digest for one day.

One more note. As much as the share price action has lagged on this news, I think it is just a matter of time til the Artha story becomes more well known. For those that have followed me over time, you will know I have been very keen on AHC for awhile now and is the most exciting exploration stock I have been invested in for a very long time.

Got Artha ? Stay tuned !


Artha News : www.artharesources.com

Precious Metals Rock'n Roll Train

So much for the range trade idea,this precious metals train is leaving the station here with the continued demise of the US dollar. Gold and silver exploded upward again today peaking at all time highs of $1140 gold and and $18.49 silver. To put it a in better perspective, gold was up 1.2 % while silver rocketed over 5.7% ! Silver is a smaller and tighter market with a much larger short position than gold and has been lagging gold for awhile now. I smell some fireworks.


You can now see why I like Artha Resources so much for it's silver potential. Not to downplay their gold potential though. They have updated their website and there are two noticable mentions. One is for large tonnage,low grade gold potential on their Davcha 2 & 3 proprties and a mention of potential copper vein system/deposit on the main Davcha 1 property seperate from the silver/tin/zinc.


This has expanded the company's options huge here,not to mention the Wyoming uranium properties they are holding. Multi dimnensional company or what ? When hunting for a junior explorer AHC has it all in my books,not a single red flag in sight.


Where does the precious metals market go from here ? No one ever knows, but as one metals trader stated today : "This is not a market to stand in front of." Enuff said.

Range Trade

Another positive week behind us after Monday's pop set the tone. What has followed that pop is the setting up of a familiar pattern known as the "range trade". Look at any of the charts on the Dow or gold and you will see that rise off a bottom with a rounding top pattern followed by a levelling off for a week or so,then a dip as the market finds it's bearings.

The last few months have been repetitive so don't be surprised to see a mild dip this week or next as the market lets off a bit more steam. This is healthy and will allow the markets to move higher the more we see continuing signs that the worst is behind us and new numbers show the recovery is in process. How long that process will be is anyone's guess but as long as the governments are still in there til middle/late next year I expect the volatility to remain pretty calm.

Not to mention the gold/silver bull market that is tracking the Dow etc to a tee. The US is trying to talk up the dollar while in China but barring some major switch in policy/interest rates it isn't going to happen. So party on metals bulls, the time is nearing for the juniors to ramp up, it's inevitable with the majors declining production as Barrick is not shy talking about.

One For the Boys

In Flanders Fields By: Lieutenant Colonel John McCrae, MD (1872-1918) Canadian Army


In Flanders Fields the poppies blow
Between the crosses row on row,
That mark our place; and in the sky
The larks, still bravely singing,
fly Scarce heard amid the guns below.

We are the Dead. Short days ago
We lived, felt dawn, saw sunset glow,
Loved and were loved,
and now we lie In Flanders fields.

Take up our quarrel with the foe:
To you from failing hands we throw
The torch; be yours to hold it high.
If ye break faith with us who die We shall not sleep,
though poppies grow In Flanders fields.

Starving Bear

By the looks of this pic,the bears will be waiting awhile yet to load up like last winters feast. The Dow,Naz, and TSX are looking strong with the past weeks rally and TA indicators show we have some room to run still but we are hitting a resistance line on the SPY at 110. Who wins out should be known by weeks end but I am betting on a continuance higher regardless of the low growth signals being given out by the economists.

The market and economists are two different beasts, and with the US dollar on the ropes I don't see much to make it move higher therefore the market bulls feed off this, especially after the IMF's announcement that the US dollar is overvalued. Can you say long term carry trade and higher gold and silver prices ?

At the same time the easy money has been made and it's become a stock pickers market,so buy them low when no one knows is my motto.

The markets are taking a breather this morning but that is to be expected with the huge gains of late. If we range trade here down a hundred points or two I would not be too worried.

Sorry for the lag in posts the past few days, the flu bug has bit me bigtime but like Ali in his prime, I am bouncing back off the ropes and slowly on the mend. And no, I do not have any sudden urge to roll around in a pile of mud.... I'm oink free. : )

Artha News - Appoints Geochemist to Advisory Board

Just a heads up on some Artha Resources news out this morning. They have appointed a highly experienced geochemist to their advisory board. His name is David Cohen and his credentials are second to none.

This is a very positive sign of a strong exploration company being built here when people like this are brought in at these early stages.

Here's the press release :

Wednesday November 04 2009 - News Release

Mr. Todd McMurray reports

ARTHA APPOINTS DAVID COHEN TO ITS ADVISORY BOARD

Artha Resources Corp. has appointed David Cohen to the company's advisory board. Mr. Cohen has 20 years of experience in pure and applied exploration and environmental geochemistry research based in Australia, Europe, Asia, the Middle East and North America. He is president of the (international) Association of Applied Geochemists, head of the School of Biological, Earth and Environmental Sciences at University of New South Wales and was previously chair of the Science Faculty at UNSW.

Mr. Cohen's current research projects include sampling and analytical methods for exploration and environmental geochemistry, environmental geochemical baseline surveys and multivariate data mining.

He lectures in environmental and exploration geochemistry, economic geology, geological data processing and statistics methods, and supervises a number of postgraduate research students in geochemistry. He has been a technical consultant to a number of industrial companies and government departments, and has published over 40 papers, book chapters and major government reports.

Gold Bull Marches On

Just when you thought the record gold shorts were about to take gold back down to earth, out came the long awaited news of IMF selling 200 tons of gold to India for $6.7 billion. As well there is rumours the Chinese will be buying a second 200 ton lot.

It was a slow response to this news and one that had been felt may be a negative on the gold market. When the price did start moving it moved hard and fast , doubling from $7 to $14 within half a minute and seriously squeezed the shorts all the way up to $25 range where it closed solid.

Silver lagged the gold move by an hour or so but then closed up at $17.21 up a decent 70 cents or so. There is a much larger short position out on silver and if gold keeps this up then look out silver bugs, we could be over the critical $20 very fast and the junior silver stocks like my fave Artha Resources, V.AHC will come alive.

The most amazing part was the US dollar was up half a cent which as we know usually means lights out for gold. Should make for some interesting action the rest of the week to see who has the biggest pair to risk waiting out any higher moves or if the sellers will step in at any failure to break $1100.

Strap on the seat belts, should be a wild week.