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Today’s news alerts include: CVRG
www.pennytsockchaser.com – CVRG IS WAY TO LOW – The last time we slid this far back the stock rebounded and moved 2000% on news – CVRG IS ON NEWS WATCH !!!
CVRG (http://www.convergeglobalinc.com/
The stock is nearing a support line here on a technical basis.
www.stockta.com tells that support point here is @ .05.
http://www.stockta.com/
The volume is dramatically down from the heavy volume days when the stock ran to .44. This tells us that selling is EXHAUSTED.
http://www.stockscores.com/
This stock has had two waves of news. On one of those waves the stock jumped 500% and on the second wave the stock jumped 2000%.
The last piece of news was on May 26, 2009. In the PR they tell us to expect HUGE news. We think that time has come.
Converge Global Provides Further Details on the Benson Lake Gold Property
TORONTO, CANADA--(MARKET WIRE)--May 26, 2009 -- Converge Global, Inc. (Other OTC:CVRG.PK - News) is pleased to provide historical assay results and further details on the Benson Lake Gold Property. The Benson Lake Gold Property, consisting of 19 claims and 105 units, is situated in Skead Township 12 miles southeast of Kirkland Lake, Ontario, Canada. The Kirkland Lake Mining Area is considered to be the number one gold mining area in Ontario.
Historical Assays on the Benson Lake Gold Property
In 1993, grab samples of sulphide stringer veins were taken. The sample rock types included dacite breccia, massive dacite and minor massive andesite. The dacite breccia unit appeared to consist of a northeasterly trending flow, with massive dacite flows to the north and similarly to the south. Numerous faults and fractures trend easterly and northeasterly. The breccia, and less commonly the massive dacite, was crossed by narrow, sulphide bearing stringers containing massive to semi-massive pyrite, chalcopyrite, and arsenopyrite. These stringers contained gold with assay results as high as 5.8 oz/ton.
High-grade gold values in narrow semi-massive pyretic veins were also previously identified on the Benson Lake Gold Property in 1994. Limited surface stripping, sampling and shallow diamond-drilling indicated that significant gold values were present in narrow pyritic veins or breaks in a variety of tuffaceous rock units but commonly in brecciated structures enriched with sulphides. The highest values obtained in these drill samples were 1.69 oz Au/1.5 feet and .248 oz Au/3 feet.
A summer diamond-drilling program on the Benson Lake Gold Property to be supervised by C.G. Cheriton, P.E. Eng. is currently being considered.
Converge Global, Inc. is also pursuing additional acquisitions and joint venture opportunities with producing mining operations, as well as exploration properties, in North and South America.
Safe Harbor
This press release contains statements, which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of Converge Global, Inc., and members of its management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Important factors currently known to management that could cause actual results to differ materially from those in forward-statements include fluctuation of operating results, the ability to compete successfully and the ability to complete before-mentioned transactions. The company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.
Visit: www.convergeglobalinc.com
Contact:
Contacts:
Merle Goertz
Investor Relations
1-866-986-9866
merleg@shaw.ca
CVRG could jump on strong news. The stock could easily move to .20+ .
Please remember to do your due diligence on CVRG.
For more information on CVRG, please visit at www.pennystockchaser.com
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Forward-Looking Statement: This press release includes "forward-looking statements" within the meaning of the federal securities laws, commonly identified by such terms as "believes," "looking ahead," "anticipates,"
