Gold opportunities in the Abitibi Greenstone Belt – EquityGuru
Greg Nolan does a great job running through a dozen explorers and development companies in the Abitibi.
Greg Nolan does a great job running through a dozen explorers and development companies in the Abitibi.
Investors know that junior exploration companies are risky; what they often don’t know is that many juniors are not risky enough.
The great thing about brownfield exploration is that you know the gold is there. All the more so if you are exploring in one of Canada’s greatest gold districts, the Abitibi and the Val-d’Or Mining Camp.
The Abitibi is one of the world’s premier gold camps. Whether it is deep beneath an old mine or a fresh look at a former exploration site, the Abitibi offers tremendous opportunities for creative gold explorers. A fact which Steve Roebuck, CEO of Enforcer Gold (V.VEIN), is fully aware of.
When the gold price crashed to less than $300 an ounce in the late 1990s many gold mines in Canada went into “care and maintenance”. And when that price failed to recover these mines were, effectively abandoned.