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FREE Daily Stock Alerts From DrStockPick.com

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Thursday Dec. 3, 2009

DrStockPick.com Stock Report!

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ELRA, Elray Resources, Inc., ELRA.OB

ELRA is a junior exploration and development Corporation which has successfully accumulated a portfolio of five highly prospective, heavily mineralized mining tenements in South-East Asia. Elray Resources, Inc.’s, primary objective is to source projects, conduct geological assessments and seek Joint Venture partners to develop the properties.

ELRA is in the business of base metal and energy exploration and development and currently owns a 100% interest in three mining claims located in Cambodia and a 50% interest in a heavy mineral prospect on Kalimantan, Indonesia.

Additionally, ELRA is well advanced in finalizing the terms for the “Heads of a Royalty Agreement” over an 8,788 ha coal property on Kalimantan, Indonesia over which there is an exploration license and completing due diligence on a further “operating mine” gold prospect south of Jakarta, Indonesia.

ELRA’s interests are best described as follows:

– Senator gold Project;
– Rom Dey Vein gold Project;
– Porphyry Creek gold and copper Project;
– Buntok Indonesian gold, mineral sands and zircon Project;
– Indonesian Makikit coal “Royalty Agreement” Project; and
– Completing “due diligence” on the Jakarta South operating gold mine.

The Senator and Rom Dey Vein gold deposits are identified as immediate drill targets. Geological mapping and surface geochemical sampling including soil sampling and trenching along the known strike length of both the known vein systems is being worked at to be completed prior to drilling, in order to optimize drill hole location, orientation and density. A program of bulk sampling of the eluvial gold deposits to test the thickness and grade will also be completed in the near future.

Take a look at ELRA’s 3 month chart:

Gold prices continue to increase and Michael Hewson, an analyst at CMC Markets, said there was ‘no reason’ why the gold price could not reach $1,500 by the middle of next year

For that reason, ELRA is on DrStockPick.com Watch List!!!

More about ELRA at www.ElrayMining.com

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Keep a close eye on ELRA, do your homework, and like always BE READY for the ACTION!

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Dr. Stock Pick is a seasoned equity trader and financial investor. He’s on the Crown Equity Holdings, Inc (CRWE.OB) financial staff as a professional investment analyst and consultant. He’s syndicated on over 1000 websites www.crwenews.com, www.stock-ir.com giving daily, up to the minute information about stocks, options, currencies and more. www.drstockpick.com

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