I am listing several companies that should prove to be very interesting over the next 6 – 9 months. I guess it all depends on whether you believe that the market for junior mining stocks will improve over the next six months.

RJK Explorations Ltd. – RJX.A – Gold/Copper – $0.13

RJK just issued an exploration update on their Blackwater claim groups, contiguous on the West and East of the New Gold (NGD) Blackwater Gold deposit which is currently at 6.6 million ounces gold/36.3 million ounces silver. RJK has conducted soil sampling, prospecting, an airborne mag survey, an airborne ZTEM survey and a 2D IP survey on both claim blocks. On the East block, a number of exceptional, deposit scale target areas were identified. RJK intends to begin drilling some of these targets as soon as permits are received.

NOTE: NGD just announced the acquisition of two junior exploration companies, Silver Quest (SQI) and Geo Minerals (GM), specifically for their land positions in the Blackwater Gold Camp for $131 million and $17 million respectively.

Shares Out:    71.8 million                            High/Low – $0.22 – $0.06

Altai Resources Inc. – ATI – Gas/? – $0.14

Used to have some of the best, undrilled shale gas exploration permits in the St. Lawrence Lowlands along with known reserves before the “democratic” government in Quebec unilaterally revoked many of them without compensation. Altai has approximately $7.1 million in cash and investments which works out to $0.13 per share, no debt and a really low burn rate. Company is currently looking for a new project to acquire and any activity on this front would be positive for stock price.

Shares Out: 55 million                                   High/Low – $0.41 – $0.08

SGX Resources Inc. – SXR – Gold – $0.18

SGX was a spin out from San Gold Corporation (SGR) which retains 42.6% of the shares out. SGX has a 50/50 joint venture with San Gold on the Tully Gold property which has 954,000 tonnes grading 7.6 grams per tonne gold (223,000 ounces) and a geological potential to the 650m level of 6 to 7.8 million tonnes grading 8 – 10 grams per tonne containing 1.5 to 2.5 million ounces. SGX also has a number of other good  properties in the Timmins Gold camp.

Shares Out: 74.4 million                                High/Low – $0.35 – $0.15

NSGold Corporation – NSX – Gold/Silver – $0.475

NSX just announced that it will be spinning out its silver assets into a new company, NSX Silver, as a dividend in kind. Its President is an ex George Soros senior executive out of London who owns approximately 33% of the shares. Several Sprott funds recently completed a $4.4 million private placement at $0.51 to hold 19.9% of the shares. Its Mooseland gold property in Nova Scotia has a 43-101 resource of 2.5 million tonnes grading 4.9 grams per tonne gold (390,000 ounces) and growing. Its Dios Padre silver property in Sonora, Mexico contains a minimum of  5 million ounces silver with excellent potential to expand to over 60 million ounces.

Shares Out: 43.4 million                    High/Low – $0.88 – $0.20

Sennen Resources Ltd. – SN – Gold – $0.16

Sennen is earning an interest in the Oro gold property in the Hope Bay greenstone belt in Nunavut, from Northern Arrow (Grenville Thomas). Oro adjoins the Doris North mine property being brought into production by Hope Bay Mining (subsidiary of Newmont Mining). The Hope Bay Mining project, estimated to contain approximately 9 million ounces, represents one of the largest undeveloped gold deposits in Canada. Sennen has approximately $14.5 million in cash ($0.24 per share) and has already begun a drilling program on the property.

Shares Out: 59.2 million                                High/Low: $0.42 – $0.155

Xmet Inc. – XME – Gold – $0.095

Xmet is earning a 75% interest in the Duquesne-Ottoman project near Rouyn-Noranda which consists of 4.2 million tonnes grading 6.36 grams per tonne (823,000 ounces). The deposit is immediately adjacent to three past producing mines on ground held by Clifton Star along with excellent infrastructure, meaning no high logistics expenses. Xmet is currently drilling to extend the deposit as it is open at depth and along strike.

Shares Out: 51.8 million                                High/Low: $0.30 – $0.09

Lake Shore Gold Corp. – LSG – Gold Production – $1.29

Lake Shore is a gold producer and one of the largest landholders in the Timmins gold camp. Due to mismanagement in presenting some lower production numbers to the street, the perception of the company was negatively affected and the stock price has dropped to ridiculous levels. Lake Shore currently shows approximately 4 million ounces gold, but is currently preparing 43-101 reports on their resources which should bump that number up to 6 – 8 million ounces. Simple calculation: 400 million shares out with 6 million ounces in production = .015 ounce per share. Market Cap is $520 million valuing the in ground gold/plus production facilities at $86.70 per ounce. Production numbers will improve as higher grade zones are included in production over the next year. At these prices, Lake Shore is flashing – “Takeover”.

Shares Out: 400 million                                 High/Low: $4.42 – $1.27

Driven Capital Corp. – DVV – Silver – $0.13

Driven is earning a 100% interest in the Lyn silver property in the Yukon and owns 100% of the Kuyakuz gold property near New Gold’s Blackwater property in central BC. The Lyn property is 5 km southwest of Golden Predator’s (GPD) Grew Creek epithermal gold-silver discovery in the Tintina fault system. Driven has just completed an initial shallow drilling program along with soil sampling and is awaiting the results in order to plan for the 2012 drilling program. An IP survey is now underway on the Blackwater property where positive results would lead to drilling program early in the 2012 season.

Shares Out: 16.5 million                                High/Low: $0.35 – $011

LaRonge Gold Corporation – LAR – Gold – $0.25

LaRonge just acquired several large claim groups in northern Saskatchewan containing two gold deposits that are located close to current gold production at the Golden Band Resources Roy Lloyd Mine adjacent to the the Jolu Mill and Claude Resources’ Seabee Mine. Historical resources at the Preview SW deposit are 494,000 tonnes grading 12.34 grams per tonne gold (196,000 ounces) and the Twin deposit are 612,000 tonnes grading 5.14 grams per tonne gold (101,000 ounces). Currently conducting hard and flow thru financing to raise $980,000 for drilling program.

Shares Out: 18.8 million                                High/Low: $0.28 – $0.09

1) SGX Resources – SXR – $0.29  – A spin out from San Gold, SGX’s properties consist of all the Timmins properties that were in San Gold. More importantly to TFSA Letter is the 50% interest (San Gold 50%) in the old Black Pearl Tully gold deposit which is now called Timmins North by SGX. There is a 43-101 report out that says about 100,000 ounces gold. However, if you read further, there is a potential for 1 – 2 million ounces of 7 – 8 gm/t Au. The latest drilling results are filling in some of the blanks in the shallow resources. More info to come in next TFSA Letter.

2) NSGold – NSX- $0.58  – has a gold property in Nova Scotia with high gold values over narrow widths that is interesting. But, again more importantly, is the recent acquistion of an intriguing silver deposit that could contain multi-millions of ounces silver. An additional signal on this one is the board of directors with two former high level executives of the George Soros organization. More information to come in next TFSA Letter. (Update – Large cross of over 2 million shares on May 6th and then over 2 million traded on May 9th…     would guess that warrants at $0.50 were being exercised)

3) RJK Explorations – RJX.A- $0.16  – one that has been followed in the background for some time now. With the recent takeover bid by New Gold for Richfield Ventures, the Blackwater Gold District will become one of the more interesting area plays this year. RJK has a really good land position contiguous to the Richfield ground and RJK has a tentative exploration budget for their ground of $2 million. All the other juniors in the camp will be active this year as well. More information to come in next TFSA Letter.

This is just an ALERT for now as some of the stocks have already started to move. Next TFSA Letter will be out in a week or so with more details.

RJK Explorations Ltd. (RJX.A) has just created a Presentation on the Blackwater Gold District and an updated Claim Map.

The Presentation can be viewed here:

RJK Explorations Presentation – Blackwater Gold District – April 2011

UPDATED CLAIM MAP

Four Claim Groups Available for Option

Multi-million ounce gold deposit

Potential for over 5 million ounces

BACKGROUND: In September of 2009, Richfield Ventures (RVC) ignited a staking rush on the Nechako Plateau, south of Vanderhoof, B.C., when they announced a drill intersection of 207m of 1.06 g/t Au and 5 g/t Ag. Since then, Richfield has continued to announce similar long intersections of better than 1 g.t Au and have expanded the deposit considerably. For further detailed information on Richfield, go to their web site at:  http://www.richfieldventures.ca/s/Home.asp

An initial research report by GMP Securities was released which indicated that the Blackwater deposit is a multi-million ounce deposit, could potentially contain over 5 million ounces Au with a grade of better than 1 g/t in an open pit situation. (The GMP Securities does not include any value for the 15 million+ ounces of silver in the deposit)

Seven junior companies managed to acquire large claim groups surrounding the RVC discovery and have been conducting exploration on their properties in preparation for drilling programs this year.

===========================================================

Here is a list of the 7 junior exploration companies:

RJK Explorations Ltd. – RJX.A – $0.15   (listed at $0.125)  (website)

RJK acquired two large claim groups contiguous on both the western and eastern boundaries of the Richfield Blackwater claims. RJK has completed a heli-borne survey of both claim groups and will receive the data interpretation the third week of February. RJK recently acquired the Dave2 claim which lies along the western boundary of RVC’s claims and does already have a target area on it which was determined by airborne survey and ground sampling work done in 2010. RJK will use the airborne data to determine drill permit areas and conduct some ground sampling those areas to determine drill locations. RJK will consider drilling the target area in the newly acquired Dave2 claim. RJK may conduct a flow-through private placement shortly as RJK will begin a drill program on its Dempster Lake gold project south-west of Pickle Lake in approximately two weeks.

Troymet Exploration – TYE – $0.235  (listed at $0.24) (website)

TYE had conducted an IP survey in 2010 which identified large anomalies associated with gold and silver in outcrop samples and has now mobilized a drill to the property. TYE also plans to expand the IP survey with geophysical crews mobilizing to the site in early February to begin conducting specialized geochemical surveys in order to identify further drill targets. TYE recently completed a private placement for just over $2 million.

Gold Reach Resources – GRV – $0.64   (listed at $0.46) (website)

GRV collected over 3,000 soil samples and conducted 80 line kilometres of 3-D induced polarization geophysical and geological mapping over the northwest corner of the property. This work has identified multiple drill target areas and drill permits have been submitted for approval. GRV recently completed private placements for approximately $2.7 million.

Parlane Resource – PPP – $0.175   (listed at $0.18) (website)

PPP just completed a private placement for $1 million. PPP just recently acquired their claim group to the north of the Richfield claims and intends to fly an airborne geophysical survey of the property later this spring.

Greencastle Resources – VGN – $0.235   (listed at $0.235) (website)

VGN has conducted a heli-borne survey of their claim block and is currently reviewing the data to determine drill targets for the 2011 season. VGN has current assets of $6 million ($0.13 per share) and receives oil royalties of approximately $110,000 per month.

Geo Minerals – GM – $0.08    (listed at $0.085) (website)

GM completed a phase 1 exploration program comprising geological mapping, prospecting, grids and soil sampling in 2010. The Company is proposing to complete additional prospecting, geophysics and further detailed geochemical surveys in order to define drill targets. GM recently acquired two additional claims, one of which has a large magnetic intrusion found in a previous airborne survey.

Amarc Resources – AHR – $0.41     (website)

Amarc has a large land position far to the southwestern edge of the Blackwater Gold District. AHR has several larger projects they are concentrating on at this time, Newton and Mount Polley. Amarc is part of the Hunter Dickenson group and if this area heats up, they will probably devote more attention to their claim group.

==============================================================

Maps of claim groups in the Blackwater Gold District:

Claim Map of Blackwater Gold District

Claim Map of Blackwater Gold District

Enlarged Map of RJK Explorations, Richfield and Troymet Claims

RESEARCH REPORTS -

GMP Securities Research Report:

RVC- GMP – Research Report – Blackwater Gold District (Jan 28/2011)

*** Upgraded Report by GMP Securities on Richfield – March 2/2011

Stonecap Securities Research Report:

Stonecap Securities Research Report on RVC (Feb. 15/2011)

National Bank Financial Research Report:

National Bank Financial Research Report on RVC (Feb. 28/2011)

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Halted @ $12    **Financing @ $11 per unit**

GLG has just announced a $44 million bought deal financing. It is a unit financing priced at $11 per unit with each unit being 1 share and 1/2 wt with each whole wt exercisable at $15 for 3 years. GLG also announced in a separate news release that it expects to generate up to $200 million in revenue for 2011. There are currently 27.4 million shares outstanding and this financing will only add another 4 million shares. It should be noted that the actual float is not that large as a majority of the shares are held by institutions, related companies and insiders.

Larger Shareholders:

HZ Health Management Company Limited, Marshall Islands    2,303,23   8.7%
Skyland International Investment Management Ltd., Peoples Republic of China   3,248,555    12.2%
Pacific Marketing Consultants Ltd.    3,058,569    11.5%

—

Here is latest investor presentation dated November, 2010 – Presentation

—

Directors and Officers:

Mr. David Beasley (Director)
Mr. Beasley resides in Society Hill, South Carolina and was appointed as a director of the Corporation on June 21, 2005. From 1999 to 2000, he worked as a consultant for Bingham Consulting Group, LLC, of Boston,
Massachusetts, a consulting business that advises large national and international companies on public issues. For the past four years, Mr. Beasley, through his company Public Square Strategies, Inc., has continued to provide consulting services to various companies on public issues, his main client being Merrill Lynch & Co., Inc. Mr. Beasley was Governor of South Carolina from 1995 to 1999 and sat in the South Carolina House of Representatives from 1979 to 1992. Mr. Beasley is an independent director.

-
Mr. He Fangzhen (Director)
Mr. Fangzhen was appointed as one of the Corporation’s directors on May 7, 2008. Mr. Fangzhen is a specialist in manufacturing and production. With over 40 years of experience, his expertise as a chief engineer lies in optimizing manufacturing plant and personnel, particularly in China. His specialties include planning, operational structure, maintenance, safety, quality control and risk management as well as the assignment, training and supervision of production and technology personnel. Mr. Fangzhen graduated from Taiyuan Polytech University in China.

-
Madame Sophia Leung (Director)
Madame Leung resides in Vancouver, British Columbia and was appointed as one of the Corporation’s directors on February 2, 2007. Madame Leung has served in political positions on a national level, including as special advisor in international trade to Canada’s prime minister from 2004-2006, parliamentary secretary for National Revenue (Canada) from 2000-2004 and Member of Parliament of Canada 1997–2004. Madame Leung is currently a consultant for Canada Vision Enterprise Group Inc. Madame Leung is an independent director.

-
Mr. Brian Palmieri (Director and President)
Mr. Palmieri resides in Cody, Wyoming and was appointed as the Corporation’s Chief Executive Officer and a
director on June 21, 2005. On May 15, 2008, Mr. Palmieri relinquished his role as the Corporation’s Chief
Executive Officer and was named the Corporation’s President and Vice-Chairman. Mr. Palmieri is a nonindependent director. Prior to his involvement with us, Mr. Palmieri’s time has been divided between the following businesses in which he is a principal:

(a) American Tool and Die Inc., the principal business of which is metals manufacturing and of which
he is president;
(b) Lee Livingston Outfitters, the principal business of which is outfitting; and
(c) Palco International Inc. and AAFAB International Inc., the principal business of both being
international trading and consulting and of which he serves as president.

-
Madame Liu Yingchun (Director)
Madame Yingchun was elected as one of the Corporation’s directors on June 17, 2008. Madame Yingchun
graduated from Shandong Economical College and has over 20 years of experience in finance and accounting. She has worked for several major banks and insurance companies in China including China Bank and the Industrial and Commercial Bank of China. She is a certified economist and financial analyst. Madame Yingchun is currently audit director and controller of HeZe Industrial and Commercial Bank. She also has experience in internal control and investment management.

-
Mr. Jinduo Zhang (Director)
Mr. Jinduo Zhang is a retired professor, resides in Burnaby, British Columbia and was appointed as a director of the Corporation on June 21, 2005. Professor Zhang was, before his retirement, a physics professor at Shandong Heze University. He was also involved with the financial management of the university and in the family jewelry and pharmacy business. In 1986, he retired from his professorship in China and moved to the United States and then Canada. Since retirement, Professor Zhang has been active in the development and expansion of his family business functioning as an advisor and financial consultant for various projects. Professor Zhang is a non-independent director.

-
Dr. Luke Zhang (Director, Chief Executive Officer and Chairman)
Dr. Zhang is a Canadian citizen and currently resides in China. He was appointed as the Corporation’s Chairman and as director on June 21, 2005 and as the Corporation’s President on September 6, 2007. On May 15, 2008, Dr. Zhang relinquished his role as the Corporation’s President and was named the Corporation’s Chief Executive Officer. Dr. Zhang received his PhD in Pharmacology from Vanderbilt University and has worked in international business for over 20 years. He is a non-independent director.

-

Info from the original listing here in May, 2009

Note – GLG stock was rolled back 1 new for 4 old in November/2009 to facilitate a listing of the stock on NASDAQ

GLG Life Tech Corporation – GLG (TSX) – $1.85

GLG Life Tech Corporation stock is trading around $1.85, so it is not what I would traditionally list in the TFSA Investment Letter as a low-priced stock. However, I believe that GLG could be one of those companies that would become accepted in the stock market as a world leader in their sector and generate substantial capital gains over the next few years.

What is their sector?  Sweetener

GLG is a world leader in the production of high quality stevia, a zero-calorie, natural sweetener. Their vertically integrated operations include stevia seed breeding, propagation, growth and harvest, extraction, refining and formulation.

Stevia is a natural, calorie free sugar substitute, derived from the leaves of the stevia plant scientifically known as Stevia Rebaudiana Bertoni. Indigenous to Paraguay, stevia has been used to sweeten food and beverages for over 200 years. It includes no additional chemicals and provides a healthy, 100% natural solution for consumers. Stevia is stable at high temperatures (thus safe for cooking purposes) and has been shown in clinical trials to have many health benefits. Stevia is safe for diabetics, has been shown to help prevent tooth decay, and has even been recommended by the World Health Organization for use as a treatment for hypertension. By replacing sugar with stevia, consumers could potentially decrease caloric intake, helping to reduce obesity and other associated health risks.

Currently, stevia is approved as a food additive in many countries such as China, Japan, Paraguay, Korea, Brazil, Israel, Malaysia and Taiwan. In Paraguay, it has been used for over 200 years to sweeten food and beverages. In other parts of the world, stevia is very widely used and even now accounts for over 40% of the sweetener market in Japan.

The most important event in the recent history of stevia as a sweetener came on December 17, 2008 when the United States Food and Drug Administration (FDA) approved the use of high quality stevia extract in food and beverages.

Rebiana is a stevia-based sweetener jointly developed by international food and agricultural supplier Cargill and leading beverage giant Coca Cola. GLG is the leading producer of rebiana, an all-natural, zero-calorie stevia extract made with 97-per-cent pure rebaudioside A.

GLG recently announced a $40.5 million order from Cargill for Truvia, a tabletop sweetener. GLG has just announced that it has partnered with Zevia which has recently launched a reformulation of its natural soda lines which now utilize GLG rebiana stevia extract. Zevia has been recognized by SPINS, a division of AC Nielson for retail performance, as the #1 selling diet soda in the all natural food category as well as the #3 best selling product over all carbonated beverages in natural foods.

You should be aware that there is another competitor to GLG, called Pure Circle. I think the potential market for stevia – will allow both companies to rapidly expand for a number of years before they start to crowd each other. Pure Circle is listed on the AIM, under the symbol PURE.

Wellington West Capital Markets analyst Robert Winslow rates the shares “buy.” He targets the stock at $3.50. Extract output is forecast to rise 400 per cent by fiscal 2010. Earnings are forecast at 25 cents a share in 2011. The company lost ten cents a share in fiscal 2008.

There are approximately 78.6 million shares outstanding, with 74.5% held by insiders, associates and institutions:

1.      18.2%     Skyland International Investment Management Ltd. (Peoples Republic of China)

2.      12.9%     HZ Health Management Company Limited (Marshall Islands)

3.      10.3%     Pacific Marketing Consultants Ltd.

4.      6.4%       Dr. Luke Zhang (China)

5.      5.2%       Brian Palmieri (Wyoming)

6.      1.9%       Cargill

7.      4.7%       Black River (Cargill)

8.      14.9%     Other Institutional Investors

Multi-million ounce gold deposit

Potential for over 5 million ounces

In September of 2009, Richfield Ventures (RVC) ignited a staking rush on the Nechako Plateau, south of Vanderhoof, B.C., when they announced a drill intersection of 207m of 1.06 g/t Au and 5 g/t Ag. Since then, Richfield has continued to announce similar long intersections of better than 1 g.t Au and have expanded the deposit considerably. For further detailed information on Richfield, go to their web site at:  http://www.richfieldventures.ca/s/Home.asp

This alert is going out because on Friday, January 27th, an initial research report by GMP Securities was released which recommended Richfield and indicated that the Blackwater deposit is a multi-million ounce deposit, could potentially contain over 5 million ounces Au with a grade of better than 1 g/t in an open pit situation and that RVC was a speculative buy with a target price of $11.05. (Note: GMP Securities does not include any value for the 15 million plus ounces of silver in the deposit)

This alert is not to highlight RVC – it is to alert you to the fact that there are six junior companies that managed to acquire large claim groups surrounding the RVC discovery and have been conducting exploration on their properties in preparation for drilling programs this year.

===========================================================

Here is a list of the 6 junior companies:

RJK Explorations Ltd. – RJX.A – $0.125  (website)

RJK acquired two large claim groups contiguous on both the western and eastern boundaries of the Richfield Blackwater claims. RJK has completed a heli-borne survey of both claim groups and will receive the data interpretation the third week of February. RJK recently acquired the Dave2 claim which lies along the western boundary of RVC’s claims and does already have a target area on it which was determined by airborne survey and ground sampling work done in 2010. RJK will use the airborne data to determine drill permit areas and conduct some ground sampling those areas to determine drill locations. RJK will consider drilling the target area in the newly acquired Dave2 claim. RJK may conduct a flow-through private placement shortly as RJK will begin a drill program on its Dempster Lake gold project south-west of Pickle Lake in approximately two weeks.

Troymet Exploration – TYE – $0.24 (website)

TYE had conducted an IP survey in 2010 which identified large anomalies associated with gold and silver in outcrop samples and has now mobilized a drill to the property. TYE also plans to expand the IP survey with geophysical crews mobilizing to the site in early February to begin conducting specialized geochemical surveys in order to identify further drill targets. TYE recently completed a private placement for just over $2 million.

Gold Reach Resources – GRV – $0.46 (website)

GRV collected over 3,000 soil samples and conducted 80 line kilometres of 3-D induced polarization geophysical and geological mapping over the northwest corner of the property. This work has identified multiple drill target areas and drill permits have been submitted for approval. GRV recently completed private placements for approximately $2.7 million.

Parlane Resource – PPP – $0.18 (website)

PPP just completed a private placement for $1 million. PPP just recently acquired their claim group to the north of the Richfield claims and intends to fly an airborne geophysical survey of the property later this spring.

Greencastle Resources – VGN – $0.235 (website)

VGN has conducted a heli-borne survey of their claim block and is currently reviewing the data to determine drill targets for the 2011 season. VGN has current assets of $6 million ($0.13 per share) and receives oil royalties of approximately $110,000 per month.

Geo Minerals – GM – $0.085 (website)

GM completed a phase 1 exploration program comprising geological mapping, prospecting, grids and soil sampling in 2010. The Company is proposing to complete additional prospecting, geophysics and further detailed geochemical surveys in order to define drill targets. GM recently acquired two additional claims, one of which has a large magnetic intrusion found in a previous airborne survey.

==============================================================

Here are links to a map of claim groups in the Blackwater Gold District and the GMP Securities Research Report:

1)  Blackwater Gold District – Claim Map – RJK Explorations

2)  RVC- GMP – Research Report – Blackwater Gold District

After a hiatus, the TFSA Investment Letter is back and new stocks will start to be posted to this site and distributed through email by the TFSA Investment Letter.

A number of these new stocks will be listed in the next month so they can be considered as potential new additions to TFSA accounts.

Stay tuned for these new stocks or you can ask to added to TFSA email list by contacting Editor@tfsainvestmentletter.com

Recently Great Quest (GQ) sold one of its gold concessions in Mali to Avion Gold (AVR) for $850k and 7.6 million shares of Avion plus further payments based on exceeding certain production numbers. GQ  immediately sold 1.5 million of those AVR shares at $0.70/sh for $1.05 million.

GQ has been operating in Mali for some time and has developed good contacts and acquired other properties in the country, including a phosphate deposit which is currently the subject of a 43-101 resource estimate.

GQ has a little over 36 million shares out, now has working capital and still holds 6.1 million shares of AVR, which trades at $0.71. The stock has been a dog for the last year and is just now starting to come to life. Willis Osborne, Pres. owns 2.5 million shs and directors own another 800k or so.

Most importantly, today Great Quest announced the aquisition on a new gold concession and considering their success in Mali so far, time to pay attention…

VANCOUVER, BRITISH COLUMBIA, Jan 18, 2010 (MARKETWIRE via COMTEX) — Great Quest Metals Ltd. (GQ)(FRANKFURT: GQM), reports that it has executed an agreement to acquire a 50 sq km, gold concession in western Mali, West Africa. The concession covers an area of extensive orpaillage where the local miners have dug pits for the recovery of gold. The results from soil sampling of past programs have yielded values of up to 4,910 ppb gold.

Under the terms of the agreement, to acquire a 100% interest in the concession, the Company is required to pay the owner approximately $120,000 over a period of three years. The 100% interest is subject to a 5% carried net profit interest and a 10% to 20% interest as required by the Malian Government on production. The commencement of payments is subject to a 30 day period of due diligence on the concession, the receipt from the Government of Mali of an Arrete de la Miniere permit and approval of the TSX Venture Exchange.

The management of Great Quest considers the potential for the discovery of significant gold deposits in western Mali very high. The Company already has experienced considerable success in the region. As an example, Great Quest acquired the Kenieba concession in 2002. Drilling in 2006 and 2007 outlined a NI 43-101 compliant mineral resource on the Djambaye 2 gold zone of 324,000 ounces of gold as described by Carl Verley (P.Geo) in his April 4, 2008 report. In 2010, the Company completed the sale of its concessions in the area to Avion Gold Corporation as detailed in its January 8, 2010 news release.

The Company will be building on its past success and using the knowledge of its geological team to acquire and explore additional concessions in the area for their gold potential. Great Quest is an exploration company with projects in Mali and British Columbia and holds cash and shares valued at over $5 million.

Willis W. Osborne, President

Great Quest Metals Ltd.
604-689-2882 or Toll Free: 877-325-3838
604-684-5854 (FAX)
info@greatquest.com
http://www.greatquest.com



So, if you need more detailed information, visit the company web site or call the company direct.

+ 270.2%

Best  + 871%

Worst  + 4.2%

Average Return at High for all Stocks Listed in 2009   + 270.2%

Best  + 871%

Worst  + 4.2%

Golden Goose Resources (GGR) – listed at $0.20 – high since $0.51 – yr. end $0.36 – completed a financing, over 1 mln ounces of gold, several mills close by, a scoping study to be completed in first quarter of 2010, started a drilling program to increase resource and test additional targets and just sold Lac Levac property for $400k cash and a substantial share position worth over $3mln in new IPO company, Nemaska Exploration, listing in January, 2010. Return at high 255%

Mirasol Resources Ltd. (MRZ) – listed at $0.17 – high since $1.59 – yr. end $1.47 – has been going up based on drilling by Coeur d’Alene which continues on high grade silver property in Argentina, company has also identified significant new silver/gold drill targets on another property, completed a $3.5 mln financing and recently John Tognetti increased his shareholdings to 4.05 mln shs (12.6%). Return at high 871%

Rolling Rock Resources Corp. (RLL) – listed at $0.10 – high since $0.25 – yr. end $0.21 – has  a 43-101 resource of approx. 1.2 mln gold in Northern Manitoba along with a completed scoping study, recently Mega Precious (MGP) bought share block of 8 mln shs (17.3%) from Kinross for cash of $0.159 per sh. which shows something is up. Return at high 250%

Tawsho Mining Inc. (TAW) – listed at $0.085 – high since $0.20 – yr. end $0.16 – shows a resource of over 400,000 oz gold in the Chibougamau camp, scoping study completed and 43-101 underway to be completed in February, 2010 and company actively looking at other projects. Return at high 235%

Takara Resources Inc. (TKK) – listed at $0.03 – high since $0.10 – yr. end $.065 – has sold gold properties to Garson Gold (GG) for shares which were distributed to shareholders as a stock dividend valued at $0.03 per TKK share. Subsequently Garson was acquired by Alexis Minerals (AMC) for shares valued at $0.122 per Garson share. Takara did a private placement investment in St. Eugene (SEM) which is acquiring the Tartan Lake Gold mine and mill in Northern Manitoba with replacement value of $30 mln, TKK is acquiring a 437,000 ounce gold advanced stage gold deposit in Guyana and will do 3 for 1 share consolidation as part of this acquisition, TKK just optioned its nickel sulphide property in Manitoba to Shear Minerals (SRM). Return at high including stk. dividend 667%

Medallion Resources Ltd. – (MDL) – listed at $0.13 – high since $0.24 – yr. end $0.19 – market changed and could not finance iron-titanium deposit in Quebec, MDL changed direction, did a private placement for $390k and with management having great expertise in rare earth and lithium, just optioned rare earth element property in Manitoba considered to be one of the top 10 rare earth prospects in North America and has announced additional financing of $376k. Return at high 85%

Prospector Cons. Res. Inc. – (PRR) – listed at $0.045 – high since $0.055 – yr. end $0.035 – held option on tungsten deposit in Yukon which is currently on hold, has been looking at acquiring a gold property along with a financing. Return at high 22%

Gossan Resources Limited – (GSS) – listed at $0.075 – high since $0.27 – yr. end $0.21 – a mixed  bag, new process for extracting magnesium from their dolomite deposit gave positive results, just completed a field program on lithium property adjacent to Avalon Rare Earth’s Big Whopper deposit in Ontario. Return at high 360%

GLG Life Tech Corporation – (GLG) – listed at $7.40 – high since $12.96 – yr. end $8.15 – many positive developments, great product, recent earnings report was right on target and has enormous potential, announced a prospectus financing along with a listing application for NASDAQ and a surprise 4 for 1 consolidation of the shares (prices changed to reflect this)…. which has resulted in stock tanking from $11 level. Completed a $36.13 mln financing in conjunction with Nasdaq listing, estimates increased production of 100% of proprietary leaf and completed construction of 1,000 metric ton Rebpure (RA97 or rebiana) refining facility which triples current processing capabilities, a unique company with a spectacular future. Return at high 75%

Source Exploration Corp. – (SOP) – listed at $0.11 – high since $0.38 – yr. end $0.33 – got extension to vest San Acacio mine property in Mexico, had over $1 mln cash, new president with silver mining experience, started drilling on Zacatecas silver property that has a Silver Standard calculated historical resource of 14.4 mln ounces silver and just completed a $825k financing. Return at high 346%

Red Pine Exploration Inc. – (RPX) – listed at $0.12 – high since $0.125 – yr. end $0.10 – optioned off their Timmins property to WTM (now Lake Shore Gold) which was reason for this listing in first place and lost all their leverage there, very disappointing, has Abitibi-West gold property in Swayze greenstone belt and just optioned a block of adjoining claims and completed a $2.43 mln financing. Return at high 4.2%

Explore Resources Inc. – (EXS) – listed at $0.34 – high since $1.04 – yr. end $1.00 – acquired a large block of claims in Timmins gold camp directly to the east of the Lake Shore Gold Mine, block holds great potential, EXS also has a number of other good gold properties, just completed a $7.15 mln financing, has started 10,000m drilling program on Timmins property and has added a second drill rig, letter writer Greg McCoach has been recommending along with additional promotion underway. Return at high 306%

RT Minerals Corp. – (RTM) – listed at $0.22 – high since $0.31 – yr. end $0.35 – tight stock as 18.5 mln shs out, geologically one of the better junior gold properties in Timmins West area, completed private placement to fund deep penetrating geophysical, has begun an initial drilling program, just announced a $1.5 mln financing with Lake Shore Gold Mines (LSG) and a Strategic Alliance Agreement whereby Lake Shore will appoint 2 directors and hold option to earn 50% of RTM property. Lake Shore will initially hold 26.2% with possibility of increasing that to 36.6% fully diluted. Union Securities will continue to advise RTM and sponsor the TSXV listing. Stock is still as tight as ever since LSG will not be selling its stock and this is a great development for RTM. Return at high 36.4%

Here are two stocks for the TFSA Letter that are highlighted for the trading period from December to January based on the current strength in precious metals:

RJK Explorations Ltd. – RJX.A – $0.07

RJK just announced that a potential silver mine acquisition is getting closer, depending on the closing of a production financing offer made to the target company. The acquisition target – Holmer Gold Mines Inc. – has a joint-venture with GeoMinera S.A., the Cuban state mining company, on a high grade silver deposit in Cuba containing between 6 – 10 million ounces with the potential to significantly increase that resource. Taken from a news release by Holmer in May, 2009….

“A recently completed independent technical study (N43-101) confirmed that the silver mine is economically robust. The cash flow has been structured to repay any debt financing within 14 months of starting production (30 months total) at a silver price of US$12 per ounce. Holmer’s net cash flow ranges from $12 million @ US$12 per ounce to $22 million @ US $18 per ounce. There is a distinct possibility that there will be a substantial increase in revenue as a result of 30% higher ore grade being realized during the actual mining process as well as the extension of the mine life through development of additional known zones nearby.”

Entire news release

If this funding completes and the acquisition by RJK proceeds, then the stock price will not be anywhere near its current level. Pure speculation with a huge potential reward.

Golden Goose Resources – GGR – $0.40

Golden Goose is currently drilling their Magino gold deposit to increase the resource and to raise the gold grade. Magino has a 43-101 resource of over 1 million ounces gold grading better than 6 gm/ton. Previous drilling from a number of years ago hinted at higher grade intersections off the main deposit. In addition, current drilling will test the volcanics, where sampling has shown a much higher grade. If the volcanics prove to be prospective, current resource numbers would expand considerably.

Golden Goose is trading at a stock price level that values those gold ounces in the ground at only $20 per ounce.  Most recent mining reports indicate that gold in the ground is generally valued at $80 per ounce, so GGR is vastly undervalued on that basis.

There are currently three mills in the general area, with Richmont’s operating Island Gold Mine and mill only 1 km from the property.