MXGD is going to be your pot of gold at the end of the rainbow!!

PSC is profiling another great company working out of Tanzania.

MXGD is trading @ 0.05 with over 3,478,364 in volume.

This chart is looking good to us.  In the last months MXGD had stabled off but we want to shake things up a bit and make a nice profit from the expected results.

This past September MXGD hit a high of 0.26 and we will be watching for it to hit those levels again.  If that proves to be the case our members will make some serious gains.

We are putting our members on alert as this is a perfect entry level for MXGD because we have a feeling the best is yet to come.  Midex Gold confirmed that results from the stream sediment and soil samples taken from its Golden Hills Property will be available in the weeks to come.  That means news is on its way and MXGD could really soar high!

Giving us a little bit of a taste, the company’s President and CEO, Morgan Magella said that he is very encouraged with the results he has seen so far.

Alright then, we await but in the mean time, check out Midex Gold for yourself www.midexgold.com

As for the country itself, well Tanzania has become one of the fastest-emerging gold producers in Africa. Two gold mining majors that are deeply rooted in Tanzania are Barrick and AngloGold Ashanti with gold mines at Golden Ridge, Geita, Bulyanhulu, Ridge, Kahama/Chocolate Ridge and Tulawaka.

Another company set up in Tanzania is the Tanzanian Royalty Exploration Corporation.  Their primary focus is on exploration of gold properties.

We always like getting to know our neighbours!!!

Gold and diamond production has been the mainstay of mining production for Tanzania.  The nation is the third-largest gold producer in Africa behind South Africa and Ghana, and ranks among the top producers of diamonds in the world. Tanzania’s gold mining industry is likely to grow in the near future, with increased production reaching a value of US$0.50 billion by 2013, contributing around 1.5% to the nation’s GDP.

Tanzania’s estimated gold reserves have been calculated at a conservative total and Tanzania now has proven gold reserves in excess of 36 Moz (1000 t).

We are excited about MXGD.  There is hassle and bustle around the company and we want our members to be ranking in the profits!

Last time MXGD hit its 52 week-high it was on the announcement that De Beers had sold its 75% equity stake in Williamson Diamonds Limited to Petra Diamonds.  And the best part is as put into perspective by

Morgan Magella, president of Midex Gold that “The sale of Africa’s most prolific diamond producing mine to Petra Diamonds Limited further reinforces our belief that our 46 square kilometer Magembe diamond property that is directly adjacent to the eastern, northern, and western boundaries of the Williamson Mine has the potential to become a world-class diamond mine.”

MXGD soared just on the announcement of the location alone.  Now we are awaiting actual soil sample results.  Imagine what could happen now!!!

From diamonds to gold, we think MXGD has the goods to take us far!!

Originally posted on pennystockchaser.com