The gold rush has started again as gold reaches an all time high. A fear of price increases and a collapse in financial systems and banking has led to an accumulation of gold by investors and the main banks. Source Gold Corp. is a company that is increasing in growth potential and has an exceptional upside thanks to this newfound interest in gold.
Their share value has increased 6 cents since Monday and investors are getting interested. A recent press release revealed even more good news:
SOURCE GOLD CORP. ACQUIRES BEARDMORE-GERALDTON MINERAL CLAIMS
11/9/2009 9:16:09 AM – Market Wire
CALGARY, ALBERTA, Nov 09, 2009 (MARKETWIRE via COMTEX News Network) — Source Gold Corp. (SRGL) has entered into an option agreement with Thunder Bay Minerals Inc., whereby Source Gold will earn a 50% interest in a contiguous block of mineral claims, known as the KRK West Claims, which cover approximately 15 square miles, and are located in the prolific Beardmore-Geraldton gold mining camp in the Thunder Bay Mining District of North West Ontario, Canada.
The Beardmore-Geraldton Gold Camp is the fourth most prolific area of the Northern Ontario/Quebec “greenstone” gold camps, and has a production history of over 4.1 million oz. of Gold. The Company plans to commence an aggressive exploration program, centered on the several major fault lines which traverse the mineral claims. An initial trenching and sampling program has uncovered a number of highly mineralized areas of interest.