Stock Market Alerts: KRXR - JB News Feed

MIAMI, FL--(Marketwire - September 13, 2007) - Stock Market Alerts' performance stock list includes: Kimber-X Resources Corp. (PINKSHEETS: KRXR), Blue Nile, Inc. (NASDAQ: NILE), Freeport-McMoRan Copper & Gold Inc. (NYSE: FCX), Texas Instruments (NYSE: TXN).

With the goal of discovering Canada's next diamond mine, Kimber-X Resources Corp. (PINKSHEETS: KRXR) is a "must see" stock for investors. Wednesday after the markets closed, the company, a junior mineral exploration company, actively searching for diamonds in various claims located in Central and Southern Canada along the U.S. border, issued a press release announcing that that it has acquired a 55% interest in the Sask Craton Joint venture, which is in close proximity to the Fort a la Corne kimberlite fields.

Great news for KRXR investors! The press release states that this area is directly adjacent to the Fort a la Corne area of Saskatchewan that hosts one of the most extensive kimberlite fields in the world and possibly the world's largest diamond deposit. Kimberlites are the rock formation in which diamonds are found. The Fort a la Corne area in Saskatchewan is known to have the world's largest accumulation of diamondiferous kimberlites.

The Fort a la Corne kimberlite cluster is a zone of kimberlite pipes that stretches for about 35 km and is about 10 km wide. To the northeast lies another cluster of kimberlite pipes known as the Snowden Cluster that trends in the same direction. About 75% of the Fort a la Corne kimberlites contains diamonds and they vary not only in size and complexity but also in economic potential.

The exploration concept upon which Kimber-X is proceeding on its Sask Craton project is that not all kimberlites at Fort a la Corne have been discovered. In 2004 Shore Gold Inc. identified seven E anomalies with all but one having an associated weak magnetic anomaly. New undiscovered kimberlites will likely have very subtle geophysical features that would have been overlooked in the past. The press release also states, the Sask Craton project has the potential to host numerous kimberlite deposits, which could represent a major economic break through valued in the hundreds of millions.

The Sask Craton project acquisition was prompted by the recognition of the high diamond potential of the area, based on recoveries of diamond indicator garnets in a related geographic area, appealing geomagnetic data, and the fact that the area has never been systematically evaluated. Kimber- X Management feels that this project has significant potential going forward.

This is certainly another company for investors to watch closely! According to the press release, it is currently estimated that over 45% of world diamond exploration is now being conducted in Canada, with Canada slated to become the world's #1 diamond producer in the near future. Over the last seven years Canada diamond exploration has made this area a major player in the world diamond industry. Original thinking and new techniques in exploration, mining and marketing have helped reinvigorate the nature of this conservative industry, which prevailed for most of the previous century.

Before the news was released, the stock closed Wednesday at Ninety cents a share.

For Stock Market Alerts' in-depth profile of Kimber-X Resources, visit http://www.wallstreetenews.com/HotStocks/KRXR091207/default.aspx.

Other Stocks of interest yesterday were:

Blue Nile, Inc. (NASDAQ: NILE) up 0.3% on 566,000 shares traded. Blue Nile is the leading online retailer of diamonds and fine jewelry. It has built a well respected brand by providing consumers with a better way to buy diamonds and fine jewelry. Blue Nile has established some of the highest quality standards in the industry and provides consumers with in- depth educational materials and unique online tools that place consumers in control of the jewelry shopping process.

Freeport-McMoRan Copper & Gold Inc. (NYSE: FCX) down 0.5% on 8.4 million shares traded. FCX is a leading international mining company with headquarters in Phoenix, Arizona. FCX operates large, long-lived, geographically diverse assets with significant proven and probable reserves of copper, gold and molybdenum.

 

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