Just for further emphasis, note the following text from the NR today:

Mr. Brian Maher continues: “Drilling at the most westerly extent of the Mile

intersected a previously unknown zone of gold mineralization, indicating the

potential for a new high grade shoot along strike to the northwest. At the far

southeast end of The Golden Mile, previously reported Hole HR07-29 intersected

2.0 metres of vein material grading 54 gpt gold, also indicating the presence of a

new unexplored high grade shoot that remains open to depth and along strike. In

addition, magnetic data indicates a shallow intrusive near Hole 29 which, in

conjunction with highly elevated base metal geochemistry, indicates the potential

for a significant source of gold mineralization near the southeast end of The

Golden Mile. We now have multiple drill targets at both ends of The Golden Mile

in addition to multiple drill targets in the central high grade zone that are open to

depth and along strike.” - ENDQUOTE

Do not be fooled by the trading today. KXL is in great shape as a result of this news and the traders are taking profits. The reason that the stock did not consolidate sooner is that everyone knew news was coming, and people were waiting for the higher volume to sell into.

I think we are getting some manipulation in the gold and silver markets today. Gold is getting pushed down aggressively and silver will be lucky to close in the green. There is a great effort underway to ensure that silver in particular is capped, so then the technical bozos can tell everyone that its a double top formation. What little control the CBs still have over the PM sector is going to be thown in to try and restrain the metals and cap silver. So that is what could have the longer term impact on the outcome of how KXL will trade for a while.

cheers!

mike