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<\/a><\/p>\nAll the speculative dollars which were supposed to fund exploration due to a coming metals shortfall have pretty much all dried up. \u00a0Financing in the mineral industry is\u00a0just a fraction of past bull markets. \u00a0Other than Eric Sprott there are very few billionaire investors left in junior mining and who put down a lot of money to risk.<\/p>\n
Many of the geologists and engineers I worked with either retired or died and the young ones either changed careers or got a government job. \u00a0The mining industry is North America has been virtually gutted over the past 5 years. \u00a0Recent mergers has also caused a massive new wave of retirees now that they are being offered the golden handcuffs after a 30 year career at Barrick and Newmont to cut costs. \u00a0Good luck trying to replace them. \u00a0Not easy to find guys out of school that know how to operate these gold mines successfully.<\/p>\n
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There have been very few disruptive discoveries which are needed now in this sector more than ever. \u00a0The rate of discovery is at an all time low. \u00a0Many of the gold geologists and mining engineers are retiring or passing away. \u00a0If we get a metal shortage and need to boost mine development again it will not be easy.<\/p>\n
One jurisdiction I have always loved for many years is Nevada. \u00a0This is where great wealth has been made in gold mining with Royal Gold, Franco Nevada, Barrick, Newmont and Kinross. \u00a0Eighty percent of gold production in USA comes from the Silver State and they mined over 5 million ounce of gold last year. \u00a0Its one of the few places in the world where you can find monster 20+ million ounce gold deposits in a mining friendly area with major \u00a0infrastructure. \u00a0Although I’ve made tons of mistakes in mining one of the few places where I benefitted from buyouts and strategic investments at a premium was in Nevada. \u00a0I never had to deal with a resource being expropriated, robbery or violence.<\/p>\n
Don’t get discouraged that the money hasn’t trickled down to the juniors. \u00a0It has started but it takes time. \u00a0Notice the majors merging, Barrick with Randgold and Newmont with Goldcorp. \u00a0These are signs of a bottom and the beginning of an uptrend. \u00a0We saw the Australians buyout Atlantic for $800 million. \u00a0In Nevada specifically, we saw Coeur buyout Northern Empire and BMO put over $20 million into Gold Standard Ventures.<\/p>\n
Now I’m beginning to notice even some really good juniors in Nevada are breaking out! \u00a0Barrian Mining $BARI.V $BARRF which I own shares in and is a website sponsor has been basing for 5 months since they came public at the end of April.<\/p>\n
They may be on the verge of breaking out of a cup and handle and past the IPO price as they announce some significant drilling news from Nevada. \u00a0They completed their summer drill program and disclosed today their was visible alteration which means potential for mineralization in all drill holes.<\/p>\n
The drill program was completed on time and on budget and all the samples are in for assay! \u00a0Maximilian Sali, CEO and Founder comments \u201cDrill hole logging by our geological team identified encouraging zones of alteration and mineralization in all ten holes, and we are confident that it will translate into positive results essential to advancing the Project.\u201d \u00a0See the full news release by clicking here…<\/a>\u00a0or\u00a0https:\/\/barrianmining.com\/uncategorized\/barrian-mining-completes-drill-program-with-two-final-holes-targeting-the-previously-producing-high-grade-silver-gold-zones\/<\/a><\/p>\n Barrian is a new gold explorer in Nevada which could be on the verge of a major discovery and since its new the share structure is tight with less than 50 million shares outstanding.<\/p>\n Listen to my recent interview with $BARI.V $BARRF CEO Max Sali where he discusses the recent excitement around Barrian and the current drill program which could be exciting!
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