I hope everyone read our alert on PNGM last night and started your research. If you have not yet read our alert, I have posted last night's email below.
Our alert for today is pure gold! We have alerted many gold exploration companies in the past, but this particular company has a broad portfolio of strategic gold properties, including one in British Columbia and three others in Nevada.
Gold has increased 17.7% since 2003 and as of today, it was valued at $1,730.91 per ounce. Gold is one of the chemical elements and has been used as a store of value for at least 5000 years. Gold stores its value so well that 2000 years ago, one ounce of gold would buy a fine man's outfit. Its price increased significantly after the economic downturn a few years ago. It is often called a barometer of fear because when people are anxious about the economy, they turn to gold and bid the price up!
We feel as if Pengram Corporation (PNGM) is a great example of a gold exploration company that is led by a management team that has an exceptional track record of mineral discovery and property development.
Pengram Corporation (PNGM) engages in the acquisition, exploration, and development of natural resource properties, primarily gold. It holds 216 claims covering an area of approximately 4,350 acres in 3 properties in Nevada, including the Fish Project in Esmeralda County, the CPG project in Mineral County, and the Golden Snow property in Eureka County. The company also has interest in the Clisbako property, which consists of mineral claims covering an area of 8,372 acres in the Cariboo Mining District of British Columbia. Pengram Corporation was founded in 2006 and is based in Bellingham, Washington.
British Columbia
The Clisbako Property is located in the Cariboo Mining Division of British Columbia, consisting of approximately 3,388 hectares (13 sq.miles or 8,372 acres) 125 kilometers west of the city of Quesnel.
Nevada
Pengram currently controls 2 separate properties in Nevada, the Fish Project and the Golden Snow Project. All properties are in close proximity to existing and completed mines. The Fish Project lies within The Walker Lane Mineral Belt of Western Nevada. It is a highly mineralized area, containing several world-class epithermal precious metal deposits, such as the Comstock Lode (estimated production of 8.6 million ounces of gold and 192 million ounces of silver), and Round Mountain (over 10 million ounces of gold produced since 1906), as well as porphyry copper deposits.
Press Releases
BELLINGHAM, Wash., Nov. 12, 2012 /PRNewswire/ -- Terrace Ventures Inc. (Symbol:TVER.OTCQB) ("Terrace") and Pengram Corporation (Symbol: PNGM.PK ) ("Pengram") issued the following joint news release today with respect to the Golden Snow Project in Eureka County, Nevada.
Terrace is earning up to a 75% interest in the Golden Snow Property from Pengram. Once Terrace has completed earning its interest, the parties will form a 75/25 joint venture.
During 2012, Terrace completed a work program on the property that consisted of soil sampling and rock sampling. Fourteen rock samples were collected in the area of a previously identified large 2,800 ft. diameter magnetic anomaly. Seventy-two soil samples were collected to help delineate the extension of the collapse breccia zones on the Golden Snow Project. Based on the successful completion of the program, Terrace's geological consultant has recommended that a program consisting of 3,000 feet of reverse circulation drilling to test locations for gold bearing collapse breccias and to test a probable intrusive indicated by ground magnetic data. The program has an estimated cost of $175,000. Subject to financing, Terrace intends to proceed with the recommended program. The geological consultant also recommended that Terrace locate and record additional claims adjacent to the property. This process is underway.
For more information, visit the company's website at www.pengramgold.com .
PNGM had a significant run this afternoon! It was up 7.27% as of mid-afternoon and was trading midway between its 52-week high! Before making an investment in PNGM, please conduct your own due diligence. Your own research and analysis is always imperative!
----------------------------------------------------------
BELLINGHAM, Wash., Nov. 13, 2012 -- /PRNewswire/ -- Pengram Corporation (Symbol: PNGM) ("Pengram") issued the following news release today with respect to unauthorized emails investors may have received regarding Pengram or its activities.
Pengram has received some complaints that individuals have been receiving emails, which in some cases may not be solicited, purporting to provide information about Pengram and its properties. Pengram is not responsible for the dissemination of these emails. Pengram has not authorized anyone to issue such emails. Pengram's management is attempting to find the source of the unauthorized emails. Management of Pengram cautions investors that the information contained in such unauthorized emails may not be accurate and Pengram accepts no responsibility for the accuracy of the information contained in these emails. Accurate information about Pengram and its properties is available on the OTC Markets website at http://www.otcmarkets.com/stock/PNGM/quote and in news releases distributed through conventional market news providers.
Investor Contact: Toll Free: 1.877.225.8808 Email: info@capitolfinancialmedia.com
SOURCE Pengram Corporation
