NewswireToday - /newswire/ -
Point Roberts, WA, United States, 2008/01/29 - Noront Resources Ltd, MacDonald Mines Exploration Ltd., Hawk Uranium Inc., KWG Resources Inc., Spider Resources Inc. and a growing list of juniors (TSX.V: NOT) (TSX .V: HUI) (TSX.V: BMK).
InvestorIdeas.com, a leading global investor and industry research resource portal covering mining stocks, reports on the McFaulds Lake Area, a highly followed base metal play. The McFaulds “Ring of Fire” will be one of the plays discussed in the third Investor Ideas online investor mining conference to be held February 27, 2008, themed: “The Global Hunt for Commodities - Finding the Next Big Play in Mining Stocks”.
In a volatile market, investors continue to speculate on one of the hottest potential mining plays to come around in a while and the juniors are lining up to follow the money.
A growing number of resource companies have joined Noront Resources Ltd (TSX.V: NOT) in the McFaulds Lake "Ring of Fire" area including: MacDonald Mines Exploration Ltd. (TSX.V: BMK), KWG Resources Inc., Spider Resources Inc. and Hawk Uranium Inc. (TSX .V: HUI).
Hawk Uranium Inc. (TSX.V: HUI) will be one of many publicly traded mining companies presenting with leading industry resource experts, in the upcoming Investorideas.com online investor conference.
In any sector- it’s wise to research who is investing the “smart money”. In the center of this play is IBK Capital Corp. of Toronto, who has provided private placements for several of the key players, starting with Noront Resources: $35 million, in addition to MacDonald Mines: $10.5 million, Hawk Uranium: $2 million, Spider Resources: $2.76 million and Seafield Resources: $0.85 million. IBK continues to raise funds for other companies active on the Ring.
The Company that made the area known to investors, Noront Resources Ltd., is also the most aggressive in the area, reports the company.
Another name in the “Ring” is Pinetree Capital, who has purchased shares of several junior mining companies exploring the McFaulds Lake, including Noront Resources and MacDonald Mines Exploration.
Other companies with properties in the area include Fancamp Exploration Ltd., Goldeye Explorations Limited, 50:50% Joint Venture Partner, Tribute Minerals Inc and Probe Mines.
For investors following the McFaulds play, follow the leader, Noront, for results and follow the money to see if further capital is invested in the area. Time will tell if this is another historic mining play in Canadian history.
The upcoming online mining conference, “The Global Hunt for Commodities - Finding the Next Big Play in Mining Stocks”, is free to investors with registration on the InvestorIdeas.com website.
InvestorIdeas.com is a leading global investor and industry research resource portal specialized in sector investing. About our Mining Portals: Gold-MiningStocks.com and MiningSectorStocks.com, portals within the InvestorIdeas.com content umbrella feature industry and stock news, exclusive articles and financial columnists, Podcasts, investor conferences and a directory of stocks in the sector.
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Source: Investorideas.com, Hawk Uranium Inc., Noront Resources Ltd, MacDonald Mines