Erik Wetterling – The Hedgeless Horseman – Fri 17 Jan, 2020

Lessons for investing in junior stocks – Never bet everything on a singe drill campaign

Erik Wetterling kicks off today by sharing a lesson he has learned while investing in junior metals companies. This lesson is to never go all in on a company that has only enough money for one drill campaign. He relates the recent news out of GFG Resources where the Company missed with its latest round of drill results. The stock is getting hit hard but still has another property that is being drilled. Erik outlines how he is trading it.

Click here to visit Erik’s site – The Hedgeless Horseman.

Erik Wetterling – The Hedgeless Horseman – Fri 17 Jan, 2020

Lessons for investing in junior stocks – Never bet everything on a singe drill campaign

Erik Wetterling kicks off today by sharing a lesson he has learned while investing in junior metals companies. This lesson is to never go all in on a company that has only enough money for one drill campaign. He relates the recent news out of GFG Resources where the Company missed with its latest round of drill results. The stock is getting hit hard but still has another property that is being drilled. Erik outlines how he is trading it.

Click here to visit Erik’s site – The Hedgeless Horseman.

Erik Wetterling – The Hedgeless Horseman – Thu 21 Nov, 2019

Here are a couple stocks we think offer some opportunity

Erik Wetterling, Founder of The Hedgeless Horseman joined me today to share a stock he is watching and thinks offer a great risk/reward opportunity. With drill results upcoming and the share price at multi-year lows he is looking at GFG Resources. We also discuss the recent discovery by Awale Resources.

Click here to visit Erik’s site.

GFG Resources discovers new gold zone at Pen project

GFG Resources of Saskatoon, Sask., says its inaugural 2018 drill program discovered a new gold zone at the 100% owned Pen gold project 50 km southwest of Timmins. The new find was made at the Crawford target in hole PEN-18-016 which intersected 21.26 g/t gold over 1.7 metres at a depth of 100 metres.

In its entirety, PEN-18-016 returned 0.80 g/t gold over 1.0 metre; 12.26 g/t with visible gold over 1.7 metres including 39.70 g/t with visible gold over 0.9 metre with visible gold; and 1.20 g/t over 1.2 metre.

Two other holes are worthy of note. PEN-18-013 intersected 0.73 g/t gold over 1.0 metre, 0.60 g/t over 1.0 metre, and 9.20 g/t over 0.9 metres. Hole PEN-18-017 cut 0.55 g/t gold over 2.6 metres, 0.63 g/t over 1.8 metres, and 0.89 g/t over 7.0 metres. Visible gold was seen in both of the last two intercepts.

The 2018 drill program consisted of 19 holes over 4,744 metres to test depths of 150 to 500 metres. Six targets across a 20-km segment of the eastern part of the Pen property.

GFG continues to drill at Pen with a 4,000-metre phase one program employing two drills.

(This article first appeared in the Canadian Mining Journal)

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