Junior mineral explorers tend to rush out news of their discoveries and their resource estimates. A 43-101 Resource Estimate encourages a company’s investors and, in theory, makes it easier to raise money to continue development. But the market has to be able to hear the news.
In the junior mining business, there are conferences going on all the time. However, September is particularly conference heavy. The Metals Investors Forum just wrapped up in Vancouver and now many companies are at Beaver Creek Summit in Colorado. Then it is on to the Denver Gold Show next week.
Today’s White Gold (V.WGO) press release reports the results of White Gold’s extensive soil sampling across various target zones on its property in the Yukon. You can read the details of the sampling program in the release but, for the moment, it is worth taking a close look at the two maps which accompanied the release.
Awful news from the Yukon. ATAC VP-Exploration, Julia Lane, died in plane crash yesterday.
Any exploration company CEO would be pleased to report a headline number of 204.6 grams per ton gold. For Goldplay (V.GPLY) CEO Marcio Fonseca, that is just the beginning. The drill result reported in the July 30 press release is part of a much larger story.
“Silver, in particular, has the potential to outperform gold significantly. For example, in the wake of the global financial crisis, the gold-to-silver ratio plummeted from 80:1 bottoming at 32:1, with the silver price topping out at ~$50/ounce. Recently the ratio hit a record 93:1, while the price is sitting at around $16/ounce. Yesterday, the ratio stood at 89:1 as shown in Figure 2.
On July 11, 2019 White Gold (.V: WGO) put out a press release indicating that it had identified new district scale high-grade gold trends on its properties in the Yukon. We had some follow-up questions and White Gold sent us over the answers.