For many months I’ve been highlighting a small junior miner in Guyana run by some of the top geologists and engineers in the business. It was ignored for most of 2018 but this year in 2019 has been one of the best performers in junior mining as they have made a new high grade and shallow gold discovery which has raised the eyebrows of the smartest decision makers in mining.
Lots of smart people are following Guyana as its a jurisdiction largely underexplored and where there can be massive large scale gold discoveries. Barrick’s new President and CEO Mark Bristow loves Guyana and recently made an approximately $4 million investment in a small grassroots explorer. This could be just the beginning of investments made in Guyana. Guyana is an English speaking country with British Law and a stable democracy. There could be a major mining and natural resource boom in Guyana in 2019.
Although Barrick is investing in grassroots or what some may think “moose pasture”, I’d prefer to stick to projects already derisked with economics with a PEA or Pre- Feasibility with no environmental or social issues and is ready to go right into production. I like to see new high grade shallow discoveries already near existing infrastructure.
There is a little junior adding high grade gold ounces every day with two rigs turning with a deposit open in many directions and at depth. The new discovery is 1.5 km away from its major project. They announced news today that the new high grade deposit is expanding and is open to depth and along strike.
Now this little rapidly expanding junior miner is planning another step out 100 m along strike to better define this new discovery as this new mineralized zone could transform this little junior and attract the major miners like Barrick, Newmont or possibly Iamgold who currently produces in this area and already owns 4% of this junior.
Listen to my recent interview with this 40 year miner who worked at the top of BHP for many years by clicking here…
See today’s news release by clicking here…
See the excellent geological diagrams and maps from recent drilling by clicking here…
Check out the company’s latest presentation by clicking here…
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For informational purposes only. This is not investment advice. May contain forward looking statements.
Disclosure: Author (Jeb Handwerger) owns shares and I want to sell them for a profit. Lorraine is a sponsor. Sponsors are website advertisers so that means I have been compensated and have a conflict of interest to help boost awareness of this story. The content of this article is for information only. Readers fully understand and agree that nothing contained herein, written by Jeb Handwerger about any company, including but not limited to, commentary, opinions, views, assumptions, reported facts, calculations, etc. is to be considered implicit or explicit investment advice. Nothing contained herein is a recommendation or solicitation to buy or sell any security. Author is not responsible under any circumstances for investment actions taken by the reader. Author has never been, and is not currently, a registered or licensed financial advisor or broker/dealer, investment advisor, stockbroker, trader, money manager, compliance or legal officer, and does not perform market making activities. Author is not directly employed by any company, group, organization, party or person. The shares of these companies are highly speculative, not suitable for all investors. Readers understand and agree that investments in small cap stocks can result in a 100% loss of invested funds. It is assumed and agreed upon by readers that they will consult with their own licensed / registered financial advisors before making investment decisions. Readers understand and agree that they must conduct their own due diligence above and beyond reading this article. Author is not responsible for any perceived, or actual, errors including, but not limited to, commentary, opinions, views, assumptions, reported facts & financial calculations, or for the completeness of this article or future content. Author is not expected or required to subsequently follow or cover events & news, or write about any particular company or topic. Author is not an expert in any company, industry sector or investment topic.