Pinnacle Digest: Absolut Resources Corp: Project Update

2/16/2007

Feb 16, 2007 (M2 PRESSWIRE via COMTEX News Network) --

Absolut Resources Corp (TSX-V: ABS) experienced a slight loss in the markets Thursday, as shareholders witnessed their company's share value decrease 1.01% following the exchange of 64,570 shares trading hands throughout the day. The share price did not move during trading, staying steady at $0.49 until market's close. In the article below, PinnacleDigest intends to further explore Absolut Resources Corp 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 usually an investment most sought after when the economy is showing signs of weakness. Because of this, the precious metal may continue to fall on speculation that the world's largest economy may be growing. It is well known that gold and the dollar move in opposite directions. Since growth in America's economy has started bringing momentum to the dollar, gold has dropped off in recent days. The question now is: where does gold go from here?

In corporate news, representatives from Absolut Resources Corp. announced that it has received results from an underground bulk sampling program at the Chaparra high-grade gold mesothermal vein system, located 45 km east of the coastal town of Chala, in the department of Arequipa, Peru. The Chaparra Project consists of 3,730 hectares of exploration concessions within the Chaparra District of the Nazca-Ocona gold belt. PinnacleDigest is interested in this company's progress and will be watching for additional corporate developments in the coming months.

It is our purpose at PinnacleDigest to keep investors informed and up-to-date on the sector that most influences their company. We are constantly adding new features to our investment community and believe our unique investment approaches can benefit every investor. The gold sector plays a pivotal role on a company such as Absolut Resources Corp as well as their overall development and success. To continue this read and to learn more about the gold sector come explore www.pinnacledigest.com.

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