For those who have been living under a rock. To a short-term gain of USD and up to USD in a few years. It’s not a sure thing, but it looks more than possible. A bunch of folks shouted silver and quickly regretted it as investors unleashed large buy orders and crushed the shorts.
That’s strength. Physical or certs are acceptable for long-term buying from one of the big solid companies. The problem is liquidity. Stocks as gold proxies can be bought and sold practically the order entered.
Number One
Element79 Gold Corp. (CSE: ELEM) (FSE: 7YS0) (OTC: ELMGF) (“Element79” or the “Company”) is a mining company focused on exploring and developing its past-producing, high-grade gold and silver mine, the Lucero Project. This project is strategically located in Arequipa, Peru, a region known for its rich mineral deposits, with the intent to restart production in the near term.
Who We Are
Element79 Gold is a near-term cash-flow mining company focused on gold, silver, and associated metals. It is committed to maximizing shareholder value through responsible mining practices and sustainable project development.
Our flagship project, Lucero, is a previously produced high-grade gold mine. It is permitted for 350 tpd of ore extraction and has the immediate-term potential to generate revenue, and we are currently working to bring it back into production in 2024 and beyond. The Lucero Project holds significant promise, and we are optimistic about its potential to yield substantial returns.
Key Assets
Element79 Gold’s flagship property is a cash-flow generator. The Lucero Mine is permitted for 350 tpd, and we are working to bring this high-grade gold mine back into production in 2024.
The company also owns notable exploration assets along the Battle Mountain trend in Nevada, Clover, which will be explored and drilled with the intent to generate resource value (Website). Another Corporate asset is the amount of relevant verbiage released to keep investors in the know.
Investors are entreated to trust that the very experienced management can bring Lucero back into play. Why? Even though the shares have weakened, an excellent volume of trading has appeared, indicating a strong interest in the company’s stock.
Four hundred fifty-five underground channel samples have been collected from this latest phase, representing nearly 600 kg (620kg) of mineralization and 650 kg of wall rock, which underwent comprehensive analysis by our partners at Ore Discovery and unveiled significant exploration potential. Notably, results in 115 samples returned substantial values in gold (Au) (ranging from 1.0 g/t to 98.1 g/t), silver (Ag) (ranging from 0.7 g/t to 3,026 g/t), lead (Pb) (as high as 2.0%) and zinc (Zn) (up to 3.5%), highlighting the robust potential of Lucero’s mineral endowment.
A place in your long-term, junior gold sector of your portfolio. I own some. I am looking for the APR telling me Lucero is in serious production. And the gold price has exceeded USD.
Number Two
Galloper Gold Corp. (CSE: BOOM; OTC: GGDCF; Frankfurt: W9F) (the “Company” or “Galloper”) is an intriguing stock with some exciting properties, including Glover Island in Western Newfoundland.
Galloper’s land, covering 133 sq. km, is considered highly prospective for structurally controlled orogenic gold deposits, as well as copper-gold-rich VMS deposits. Galloper is the dominant landowner on Glover Island, essentially creating ‘our island on an island’ with exceptional discovery potential. This unique position sets us apart and adds an element of intrigue to our investment proposition.
Salient Points
- Galloper Gold is focused on advancing its flagship Glover Island asset in western Newfoundland.
- Glover Island is at the convergence of major fault zones, where a known historic gold resource defined by dozens of drill holes more than a decade ago exists.
- Galloper’s 133 sq km land package surrounds this historic zone, continuing along a northeast trend for 36 km, and it is a potential new large-scale gold discovery.
Driven by a management and technical team with successful exploration and production backgrounds, and supported by capital markets expertise, Galloper’s “outside the box” thinking helps make the company a unique player in an increasingly selective junior resource sector.
The chart shows weakening and softening recently, as does ELEM above, but it likely represents a good junior gold proxy in a long-term junior portfolio. There have been some nice trading spikes over the last few weeks, indicating periods of increased trading activity and potential profit opportunities for investors.
Mr. Hratch Jabrayan, Galloper CEO, commented: “Glover Island represents compelling new discovery opportunities well beyond the known historic deposit defined more than a dozen years ago, so we’re excited to begin the drilling phase of our work there. Most of Glover Island has never been systematically explored as evidenced by the copper anomaly we’ve uncovered on the western side of the Island. The convergence of major faults at Glover Island and the widespread presence of ‘the right rocks’ is an excellent recipe for a potential large-scale system consistent with what has been observed elsewhere in this ‘Four Corners’ region of Western Newfoundland.”
Galloper’s other property is Mint Pond.
Galloper’s other property, Mint Pond, holds the potential to emerge as a significant new grassroots gold and/or base metals discovery following Galloper’s 2022-2023 work programs. The property, never previously explored, has shown promising signs with initial soil sampling revealing anomalous gold and copper values in clusters, a result that was highly encouraging when combined with data from Galloper’s LiDAR Survey and regional magnetic surveys
Galloper boasts an impressive team with decades of business and broad mining experience. The newly installed CEO, Hratch Jabrayan, brings over two decades of high-level resource sector experience to Galloper, including seven years with Dundee Precious Metals, where he significantly advanced the company’s interests in Armenia and globally. This wealth of experience should instil confidence in the team’s ability to lead Galloper to success.
The team at Boom is a group of seasoned mining professionals with a proven track record. Their experience and capabilities make them well-suited to bring BOOM into production. Galloper, under their leadership, is focused on mineral exploration in the Central Newfoundland Gold Belt with its Glover Island and Mint Pond properties, each prospective for gold and base metals. The Glover Island Property consists of 532 mining claims totaling 13,300 hectares while Mint Pond consists of 499 claims totaling 12,475 hectares.
Again, it seems to be a good prospect and proxy for the ring gold market shortly.As with ELEM, I eagerly anticipate the future PR as both companies ramp up production. The upcoming announcements are sure to bring exciting news and further boost investor interest.
Posted on Behalf of Element79 Gold
Bob Beaty
For over 30 years, Bob Beaty has been explaining concepts and companies to the global investment community. One of the original writers for Jim Cramer’s Thestreet.com, he also wrote for AOL (Can/US), the Globe and Mail, and the Huffington Post. Over that period, he illuminated small-cap companies to investors with wit and pith but mostly opinion and facts. Investing should be fun. Pedantic, staid content is no fun.
Before embarking on his writing career, Bob had a successful international journey in the finance industry. He served as a broker, derivatives product manager, and a Director of London's Credit Suisse subsidiary. His career spanned across major financial hubs including Toronto, Vancouver, and the UK, giving him a unique global perspective. (He is still fondly remembering those English client lunches.)
Other than everything Groucho Marx and George Carlin ever said, Bob lives by a simple credo;
‘Never do anything the person standing in front of you can't understand.’ Hunter S. Thompson.
Let’s go.
