• Metals Still On Rise. Gold, silver and copper continue to trade at historic highs and analysts expect prices to continue to rise in the near and long-term future.

• Solid Acquisitions. Westminster Resources, Inc. has strategically acquired multiple properties to add to its portfolio with the purchase of “EL COBRE” and “NAVOJOA” properties. The properties are located in areas with long histories of proven reserves in areas of Mexico that are located in close proximity to operated and producing mines.

• Historical Anita Copper Mines. This mine, located inside the wholly-owned “EL COBRE” property, has been providing gold, copper and silver for well over 100 years with a significant amount of money being put into development of the mine in the early 1900’s after reports of strong resources only to have development halted due to the Mexican Revolution.

• Historical Records. Documentation from previous research on the Anita Copper Mine showed two separate areas of mineralization were blocked out within the mine that graded in one area, 42,000 tons at 5.815 gms/ton gold, 62.20 gms/ton silver and 4% copper, as well as a second area, also with 42,000 tons, at values of 8.0 gms/ton gold, 124.4 gms/ton silver and 6% copper.

• Modern Technology. The documented reserves are still close to surface. Westminster recognizes that the previous development of the mines lacked modern technology and all data provided did not account for reserves that may be at greater depths.

• Preparation. Westminster is prepared and moving forward immediately. Additional research has identified epithermal vein and breccia-diatreme styles of mineralization and is prepared for testing and diamond core-drilling. Financing is intact with over $2.5 million after non-brokered private placements have been completed.

• Experienced Leadership. The Westminster team is comprised of industry leaders with highly-significant experience in every level of developing a junior exploration company from financing to advanced development of fully-producing mines.

As gold, silver and copper continue to be some of the most lucrative plays in the stock market, investors are continually looking high and low to find the next possible “big money maker” in the industry. While many take the path of playing large cap companies which can yield nice gains, but generally smaller and slower in nature, plenty of investors primarily look to the junior exploration corporations because of the possibilities of greater rewards that can come much more quickly.

Identifying a promising junior can be difficult, as searching for gold and other precious metals is not an easy task. It can take years to even identify a potential target and many times that is not even followed with success as reserves may come up well short of expectations. Taking the approach of developing an existing area of land that has proven resources or is in close proximity to an existing mining development is often times a far safer route which can not only increase the likelihood of success, but also save time in the overall scheme of things.

When researching for a junior mining company, several topics for a solid investment always ring true; location and money. Obviously, the location is critical, as there are “brownfield” developments, which are properties that have been previously mined and produced returns and “greenfield” properties, which are properties that have never been developed. Generally speaking, a “brownfield” development carries less risk, especially when previous reserves brought about solid returns. Money is another key factor, as developing a property is not an inexpensive endeavor, so having financing in place and an efficient operation is crucial for every corporation.

There are plenty of good regions for hundreds of companies vying for position within the industry and scouring properties worldwide in search of valuable metals. Given global economic conditions, metal prices are not looking to decrease anytime in the foreseeable future. Gold, silver and copper are still valued at premium prices with most experts predicting prices to only go higher over the next several years. When making “educated estimates” about the future of precious metal prices, analysts also calculate in the ability of supply to meet demand. Throughout history, supply has not been able to keep up with demand and some people will argue that supply will actually lag more in the future as, quite simply, there’s not as much proven gold in the ground as there was in the past. While a topic of debate as to the true amount of gold in the ground that can be extracted with reasonable ease, in 2008, Galmarley estimated that there was about 50,000 tonnes (1.6 billion ounces) of proven gold reserves in the earth at that point, making the precious yellow metal even more valuable to those who can extract it efficiently.

Another valuable component in assessing the price of metals is the cost to extract it from the earth. Over the years, modern techniques, machinery and chemicals have certainly assisted in lowering the cost of mining gold, but recently costs are back on the rise. Three years ago, the average cost of mining one troy ounce of gold was approximately $300. In the first quarter of 2009, the average had risen to approximately $460 and in the second quarter of 2010, the same troy ounce of gold cost nearly $560 to mine. The reason for the rising costs are varied, but certainly related to machinery costs, exploration expenses, type of mining, etc. The positive aspect of this is that gross margins on gold are still increasing as the price of gold is still climbing faster than the increase in mining costs. With this in mind, companies that are maximizing efficiencies through careful selection of mining properties to yield higher percentage reserves and modern mining techniques are pulling ahead further with profits.

Vancouver, British Columbia, Canada-based, Westminster Resources, Inc. (TSX-Venture:WMR) is an exploration company that is poised to take advantage of ever-rising metal prices by properly positioning its corporate structure and strategies to address the critical aspects of leveraging key components to increase success rates.

Westminster has in its possession, through staking and acquisitions, several “brownfield” properties which have undrilled historic resources. The most recent addition to the Company’s portfolio is a new project now known as the "EL COBRE" which covers an area of 24,156 hectares and is located in Sonora state, Mexico. Within the EL COBRE property, the Los Amigos, El Guayacan, Los Alamos, (all former mines) and the famous Anita Copper Mine are all examples of near surface, vein-type prospects having elevated grades of gold-copper and silver. Within the project area, these high grade gold-copper-silver veins, breccias, and diatremes have been identified by the Company as being associated with porphyry deposit-style mineralized systems. The project has not been explored previously using modern methodologies, nor previously drill tested.

While not explored through modern technologies, the mines were researched and worked over centuries. The famous Anita Copper Mine portion of EL COBRE property has a long history of producing and was the subject of a large-scale production project that was never completed by the New York-based Douglas Copper Mining Company. Douglas CMC had established significant operations while investing over $12 million and worked at the Anita Copper Mine for ten years until the Mexican Revolution in 1910 put an end to operations before full development and operations could truly be realized. While data was not verified in the same manner in those days as it is today, the figures are not compliant with current National Instrument 43-101 requirements, however the documentation provided from the mine is very encouraging as evident in a report showing two separate areas of mineralization were blocked out within the mine that graded in one area, 42,000 tons at 5.815 gms/ton gold, 62.20 gms/ton silver and 4% copper, as well as a second area, also with 42,000 tons, at values of 8.0 gms/ton gold, 124.4 gms/ton silver and 6% copper.

Throughout the EL COBRE property, high-grade, gold-copper-silver veins, breccias, diatremes and skarns are associated with porphyry deposit-style mineralized systems identified through Westminster research. Additional research by the Company has traced the surface expression of the Anita Copper Mine for 600 meters and at the Los Amigos Mine located 3 km to the South for 400 meters on surface. Similar epithermal vein and breccia-diatreme styles of mineralization at the two mines will be tested by CSAMT surfical geophysical surveying followed up by 3500 meters of NQ sized diamond core drilling scheduled for November, 2010.

While the Anita Copper Mine, and the EL COBRE project in general, is a high priority to Westminster due to its strong production possibilities, it is not all that the Company holds in its portfolio. To the south of this property lies another strong prospect of property called the "NAVOJOA" project, which totals 18,100 hectares. In this area, widespread surface alteration and mineralization suggests that at least three potential centers of gold-copper skarn and granite-hosted porphyry systems occur within the approximate 10 kilometer by 21 kilometer area of contiguous claims. Additionally, both mines are located next to an operational and producing copper mine to the east.

One of the first pre-requisites mentioned earlier of identifying a solid junior exploration company is location of properties. The state of Sonora contains world-class, precious and base-metal reserves and producing mines. This attractive region has a strong mining history and culture with favorable permitting and infrastructure that allow for aggressive year-round exploration. This is the area in which Westminster has expanded its footprint.

Financing for exploration is a roadblock for many companies, but Westminster has already addressed this concern and has closed the second tranche of a non-brokered private placement which have yielded total gross proceeds of $2,528,500. These monies will be used to develop the Anita Copper Mine and NAVOJOA property.

As far as leadership, Westminster Resources is led by founding Director and President, Mr. Glen Indra. Mr. Indra has decades of highly relevant experience in all aspects of developing a junior exploration company from financing to advanced level development of exploration projects. Glen MacDonald, Director, is considered an expert in company compliance with NI-43-101 “Standards of Disclosure for Mineral Projects” and has been involved with the development of junior exploration companies for twenty five years. To complement the strengths of Mr. Indra and Mr. MacDonald, Westminster has brought on board a team of experienced project managers and technical assistants to execute the business strategies that have proven successful for the management team in previous endeavors.

Technically speaking, the Westminster chart has been in an extremely strong uptrend since September with classic “move and consolidate, then climb again” patterns being displayed for the last several months. New support levels have been established in the month of November at $0.47 and again at $0.45. Long term indicators such as the MACD and the TRIX are still in strong uptrends and appear to be resetting themselves again for another possible move. Retracements are mandatory in any price per share climb, but technical traders look for certain key components to hold. The RSI is on a bit of a pullback, but holding over 50 keeps the chart in bull territory. The Full Stochastics will regularly curl under 80 and then promptly climb right back above, which is a very bullish move. The MACD will retrace towards the signal line and then bounce back to the north side to continue upward momentum. With regards to moving averages and price per share support, the chart maintains a healthy bullish position as long as key support levels hold with the 10-day simple moving average factored in by many traders as a “hold” signal being given as long as it is maintained and a “buy” signal being given upon holding this moving average.

With support levels looking strong in the mid-40 cent range, stop losses being set in those areas would be a good idea. However the best idea of all would as always be to consult with a financial advisor prior to making any investment decisions and performing your own due diligence.

With gold and metal prices on the rise, the demand to find solid investment opportunities in junior exploration companies is at all-time highs for investors. However, the path to determining the correct investment can be as elusive as finding and extracting the precious metal itself. Too many juniors are missing one piece of the puzzle or the other in order to be considered for a potential investment. Westminster Resources has assembled the team, is holding the financial resources and, most importantly, has acquired “brownfield” property in the heart of proven areas with ongoing mining operations in close proximity. It is for this reason as well as many others described, that we at AllPennyStocks.com have turned our attention on Westminster Resources, Inc. (TSX-Venture:WMR) as our latest Canadian Company spotlight and encourage investors to do their own due diligence on the Company and add it to their watch lists.