Major gold discoveries are becoming more and more rare, representing extreme undervaluation in exploration companies with a JORC resource.
Aurumin Limited (ASX: AUN) which has nearly 1m ounces is one of those that will see a rerate when this happens especially with gold prices breaking records.
Indeed Cash rich Gold companies ridiculously cheap - Once bitcoin is valued properly ie much much lower, flow back to gold companies is likely., Bitcoin is not an alternative to gold. Many times Bitcoin has failed to hold above 70K and its likely that will be the top before 40k is seen again. Add in a falling US$ with my technical target back at 90.17 seen in 2021, Gold will continue to move higher.
The US$ remains way overvalued ignoring politics, debt and an upcoming recession outlook,
It is not unreasonable to think that #gold has not yet hit its highs and global structural issues around debt point to good days ahead for gold investment.
Unlocking Gold's Potential: Founders Metals Inc. ignites excitement with groundbreaking progress at the Antino Gold project in Suriname | BTV - Business Television features Founders Metals | Airing on BNN Bloomberg - Saturday March 2 @ 8:00pm ET, Sunday March 3 @ 4:30pm ET
Despite exploring just a fraction of its 20,000-hectare expanse, the company uncovers promising targets hinting at a multi-million-ounce gold bonanza. Nestled in the mineral-rich Guiana Shield and fully permitted, this project boasts a history of over half a million ounces of gold production. Equipped with modern exploration techniques, Founders Metals' geologists are poised to unearth the property's vast gold reserves. Stay tuned for the next chapter in gold exploration!
(TSX.V: FDR, OTC: FDMIF)
Learn More: https://lnkd.in/eCRJG56r#GoldDiscovery#GoldMining#GoldExploration#ResourceDevelopment#SurinameGold#ExplorationTechniques#MiningInnovation#GuianaShield#MiningNews
Our latest Drill Down insights provide an in-depth look at the top gold assay results from July 5-12. West Red Lake Gold Mines’ Madsen project in Ontario reported an exceptional intercept of 13.40 g/t gold at 10.00 meters from a depth of 82.00 meters. Gold Basin Resources’ project in Arizona revealed an impressive 138.70 meters at 0.93 g/t gold from a depth of 30.50 meters. Redcastle Resources’ Red Castle project in Victoria showed a notable intercept of 0.95 meters at 133.00 g/t gold from a depth of 167.31 meters. These results highlight the promising potential of these properties and their strategic importance in the gold exploration sector.
Read the full insights to stay informed on recent developments in gold exploration: https://lnkd.in/gQad7YCC#GoldExploration#MiningIndustry#AssayResults#ExplorationInsights#MiningNews#GoldMining#MineralExploration
🗞️ NEWS -- Sassy Gold Corp. (CSE: SASY) | (OTC: SSYRF) announces that it has signed binding letters of intent with various arms-length vendors to acquire a total of 15 advanced uranium properties in Utah and Colorado, USA . All of these properties, comprising 8,200 acres or 33 sq. km, are located within the Colorado Plateau geological region and 14 of them have featured historical production with more than two dozen past producing mine portals and shafts among them. ⚒️
🗣️ Mark Scott, Sassy's President and CEO, commented, "This acquisition of past producing uranium mines with known deposits, on reasonable terms, is undeniably a big step forward for Sassy Gold. These advanced projects, with their accessible, shallow, tabular-style deposits, give the Company multiple development and deal-making options moving forward. We intend to launch a study aimed at identifying the commercially optimal mix and sequence of extraction, mining method, technology and equipment options presented by these projects. While that is ongoing, there is at least one of the mines with an obvious path to possible near-term extraction, which we will begin studying and pursuing concurrent with the work being performed regarding the other sites."
🔗 https://lnkd.in/guX_yK2S#stocks#trading#invest#uranium#energy
Managing Partner Marina Isles
1wIndeed Cash rich Gold companies ridiculously cheap - Once bitcoin is valued properly ie much much lower, flow back to gold companies is likely., Bitcoin is not an alternative to gold. Many times Bitcoin has failed to hold above 70K and its likely that will be the top before 40k is seen again. Add in a falling US$ with my technical target back at 90.17 seen in 2021, Gold will continue to move higher. The US$ remains way overvalued ignoring politics, debt and an upcoming recession outlook,