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Abitex Resources Inc: Drilling Update.

Publication: M2 Presswire
Publication Date: 27-FEB-07 		Format: Online
Delivery: Immediate Online Access

Article Excerpt
M2 PRESSWIRE-27 February 2007-Pinnacle Digest: Abitex Resources Inc: Drilling Update(C)1994-2007 M2 COMMUNICATIONS LTD

RDATE:27022007

Abitex Resources Inc (TSX-V: ABE) experienced a loss in the markets Monday, as shareholders witnessed their company's share value decrease 3.13% following the exchange of only 7,020 shares trading hands before the sound of the closing bell. Although the share price showed a decline to start the week, overall the price is still within striking distance of the company's 52 week high which is only $0.09 away. In the article below, PinnacleDigest intends to further explore Abitex Resources and the gold sector in which it resides in. To continue this read and find out why our client base continues to grow, come explore www.pinnacledigest.com.

Gold is in the news once again, as the popular commodity is showing renewed strength because of domestic and foreign events. The U.S dollar is showing signs of weakness due to the increased worries over the Iranian nuclear program. This conflict, coupled with the rise in oil prices has sent the spot price of gold upwards. With the Tehran government unwilling to move from their position and the Western powers unwilling to back down from theirs, the...

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