Pinnacle Digest: Maximus Ventures Ltd: Property Update 12/7/2006 Dec 07, 2006 (M2 PRESSWIRE via COMTEX News Network) -- Maximus Ventures Ltd (TSX-V: MXV) and NFX Gold Inc. (TSX V: NFX) recently announced assay results from ten additional diamond drill holes at the Larder Lake Gold Project. The response from investors was positive as shareholders witnessed a 6.67% increase in share value accompanied by 213,500 shares traded. PinnacleDigest believes that the sector can play a major role in the development of companies such as Maximus Ventures. We felt it worthwhile to investigate this connection further in our report below. To find out why our client base continues to grow, come explore www.pinnacledigest.com.
February gold settled at $$635.90 US an ounce Wednesday, showing a loss of $12.00 following news of a strengthening dollar and a weakening in the price of oil. Gold is used by many investors as a hedge against inflation and a slowing economy. Over the last month gold has shown a steady improvement flirting with $650 US an ounce. The question everyone is asking is what the future may hold for this precious metal?
According to the representatives from both companies, the results include significant gold mineralization from holes in several areas along the southernmost strand of the Larder Lake fault zone, on strike from but outside of the existing historic resource in the Cheminis gold mine. These ten holes are part of an ongoing reconnaissance drilling program being conducted on the Larder Lake property. It was obvious to our team that the management was optimistic about the results, "These new intersections are distributed along a two kilometer length of the Larder Lake fault zone, on strike from but outside of the Cheminis historic resource, and confirm the initial exploration concept that important gold grades extend well beyond the Cheminis resource, into the Fernland and Bear Lake areas," stated Frederick T. Graybeal, Maximus' President. PinnacleDigest will be monitoring this project closely and will be reporting any additional corporate developments to our valued readers. To continue this read and to follow up on Maximus Ventures Ltd. come explore www.pinnacledigest.com.
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