THE CALANDRA REPORT SPEEDER

TCR REPORT ISSUED EXTREME PURCHASE ALERT WED. P.M. ON $GSV GOLD STANDARD VENTURES 

GSV (NYSE) / GV (TORONTO) AWAITS NEW DRILL ASSAYS IN NEVADA; SHARES REBOUND SHARPLY TODAY (THURSDAY)
 
CEO PURCHASING SHARES IN OPEN MARKET
 
TCR SITE VISIT PLANNED FOR TUESDAY NEXT WEEK  
 
@thomcalandra on Twitter
 
@thomcalandra on Twitter
 
I arranged an interview with James Longshore of Xtra-Gold with Torrey Hills fior last Saturday.. Thom lives locally and has been to Ghana numerous times and accompanied Mr. Longshore.  I am a longtime shareholder of Xtra-Gold
THE CALANDRA REPORT 
 
SAN FRANCISCO --  I'm here right now, noon PT, with two Jims: geologist Jim Richmond and Ghana country manager Jim Longshore. Jim R. is interviewing Jim L. about Mr. Longshore's Xtra-Gold exploration work in Ghana.
 
We're at the office of well known coastal engineer Orville T. Magoon in SF's North Beach neighbourhood. Photo attached.

Jim R.  is a three-year shareholder of Xtra-Gold Resources (XTG and XTGR) and an active researcher at www.loveofgame.net.   He's an independent geologist who goes back decades in Nevada, California's Mohave Desert and elsewhere. Jim R. beat me to the punch on my pending visit to NuLegacy Gold near Elko, Nevada (scheduled for next week).
 
Jim Longshore is actually on holiday in SF this week. As one of the company's largest individual shareholders (after Jim L. himself and a group of Ontario, Canada, friends, colleagues and family, I spend as much time as I can with Jim L. He's spent more time this year in Ghana than he has at home. Xtra-Gold has contracted out its first resource statement at the Apapam gold project. It's due out later this year.
 
The company has new soil surveys into Ghana offices in the past month or so. "There's no shortage of targets," he says. I've been to Apapam four times in three years. "Not all of them will work out, but the surveys show economic possibilities." 
 
Jim L. is restarting Xtra-Gold's alluvial subcontracting, which has provided at least $2 million of net income to the company. "There's a minimum of 200,000 ounces non-compliant out there at 5 spots, and in these bad cycles, we can internally generate more cash for our hard rock development," he told Jim R., himself an alluvial aficionado.
 
I'll have more on Xtra-Gold in coming days and weeks. Today in this fourth or fifth TCR, I wanted to point our growing audience to Colt Resources' fresh assay results. Colt (GTP)  Assays it intersected 5.3g/t gold over 7.56m and 2.80g/t Au over 10.08m at the Monfurado deposit, at its Montemor Gold Exploration Concession in Southern Portugal. It's fresh regional work -- something CEO Nikolas Perrault talked about in one of our TCRs from last week, our inaugural week of the revived The Calandra Report.
 
Monfurado is the first target in the region that has been drill tested by Colt outside the Boa Fé concession and away from the Boa Fé shear corridor. I bought more Colt today after the results came out and am now well over 150,000 shares. 
 
As we discussed last week in these reports, I only intend to focus on a handful of companies, largely resource companies, that I am confident will show positive fundamental and stock market results in the short term (days and weeks) and the long term. Colt's shares almost surely will go no lower than 40 cents Canadian. 
 
Ditto: Solvista Gold's shares already have delivered for TCR members. It's about 42 cents Canadian, up more than 35 percent in a week. Don't chase it. I bought more last week at 44 cents and now own SVV at an average of probably 34 cents.
 
More later this week. It's been a rough, lousy market this year and much of last. "What is happening is an extinction event for many companies," says Jim Richmond. "That's good for me as an investor." Xtra-Gold is the only prospector outside of North America in which Jim R. owns shares. (Maybe one Mexican silver co., too.) Oh, by the way, Jim Richmond's largest position is Gold Standard Ventures (GSV), whose Railroad project I have seen twice and whose shares I own. I will meet next week with GSV's senior citizen geologist and Nevada Rain District pione er Dave Mathewson next week.
 
Later. Thank you for being part of TCR. The price is now $38 a year and scheduled to go higher when we reach 300 subscribers (real soon, in other words).