Boca Raton,FL July 26, 2010 –THE STOCK WIZARDS FOCUS LISTS INCLUDES: (OTCBB: VHGI ) VHGI Holdings, Inc. (OTC: RMGX) Ram Gold & Exploration, Inc. (OTCBB: CBWP) Crownbutte Wind Power, Inc. (OTC: OTOW) O2 Secure Wireless, Inc. (OTC: HPNN ) Hop-On, Inc.
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(OTCBB: VHGI — VHGI Holdings, Inc.)
VHGI Holdings, Inc. Makes Next Steps Forward in Gold Operations
LEXINGTON, Ky., July 26 — VHGI Holdings Inc.’s (OTC Bulletin Board: VHGI) wholly-owned operating subsidiary VHGI Gold LLC, is pleased to announce that after their recentonsite trips to the current Gold projects, it is now structuring each of the mining projects into their own operating subsidiaries.
The names of the subsidiaries will be TGP LLC, for the Treasure Gulch Property, Sun Gold Mining, LLC for the Sun Gold Mining project, and Granite County Placer LLC for the Gold Creek Project.
Comprised of multiple leases, the Gold Creek Placer Mine is a contiguous lease portfolio controlling approximately 1,060 acres of federal land and is credited with being the location of the first verified gold strike in Montana. As previously announced, according to GeoTerra Resources, this mine appears to contain approximately 1.8 million cubic yards of gold bearing material that is inferred to contain in excess of 100,000 ounces of placer gold with an expected average working grade of 0.04 – 0.06 ounces of placer gold per cubic yard.
“We recently had our team on the ground to conduct due diligence andare working toward completion of this transactionwith GeoTerra,” stated VHGI Gold’s President Mr. Jim Renfro, adding, “We are currently exploring various financing alternatives including financing for company subsidiaries to operate the mines as well as a potential transaction that will retain a royalty interest in certain mines.”
About VHGI and VHGI Gold
VHGI is a diverse company with assets and interests focusing on opportunities within thePrecious Metals Markets and Energy Markets as well as some Healthcare related Assets. VHGI Gold, a wholly owned subsidiary of VHGI has recently initiated steps to leverage the company’s operating history and corporate resources within the Gold Mining Industry and intends to pursue these opportunities through Lease-Purchase opportunities, Acquisitions and Joint Ventures.
VHGI is coming out of a nice consolidation pattern. Traders and Investors are keyed in on the weekly support levels of .15-.16 this week. If these levels hold VHGI could be setting up to go much higher. A breakout above the 200 day moving average (.176) will confirm the stock has started a new long term up trend. VHGI is currently up 6.67% on 408,000 shares traded in the morning session. (See Disclosers and Disclaimer) Read the rest of this entry »