From stockwatch tonight:
Richard Murphy's Ginguro Exploration Inc. (GEG) rose five cents to 24.5 cents on 643,000 shares, after the company released channel sampling results, 22.5 metres of 40.1 grams per tonne gold, from the 007 zone at its Pardo property in Ontario. Channel sampling does not usually generate price movement of this extent, but these are impressive sampling results. Pardo is a joint venture (55 per cent Ginguro) with Robert Boyd's Endurance Gold Corp. (EDG), up 2.5 cents to eight cents on 256,000 shares. The companies have been exploring there since 2009 with Ginguro as operator. Pleasing channel samples in early 2010 boosted Ginguro up an all-time high of 80 cents. The stock is far from those levels now, but it has been on a tear this month, at least on a percentage basis, rising from three cents as the company worked at its new 007 zone. Mr. Murphy, perhaps a James Bond fan, is hoping the excitement will help him close $2.13-million in financings at 10 cents and 15 cents. He owns 1.39 million Ginguro shares, the value of which is $354,000, up from $41,000 on Aug. 1.
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