Last week, I issued my buy-recommendation on Source Gold Corporation (SRGL) just under $0.80 per share – and you should now be up over 30% at the current $1.05 range. As I predicted, Source Gold has quickly increased its preliminary gold indicators – and reactionary buying is now pushing the SRGL share-price higher. This initial price-escalation is just the start of a long-term projected profit-expansion, which means you should continue accumulating SRGL shares at the current price-range.

On Friday, Source Gold (SRGL) released preliminary gold-grade data from its ongoing trench sample testing at its prime KRK West property, Ontario, Canada. I am now increasing my profit-projections on SRGL based on the company’s initial and astounding indicators of 9.55 ounces of gold per ton and extremely high-grade copper of 15.5%. I can tell you that, in my 17 years as an exploration-stock guru, this is the highest gold-content data I have ever seen.

Keep in mind also that Source Gold controls the KRK West property with “visible gold” even before the drills start turning -- a huge indicator of what could prove to be a major ore deposit. Not only is this the most exciting phase for a junior gold exploration company – it also holds the greatest upside profit-potential for the early shareholders. The company’s shares have started moving up in reaction to this first set of positive assay results. The next round of news could send the SRGL share-price rocketing multiples higher. My strongest recommendation is that you add to your current SRGL position quickly at the initial Buy-Zone.

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