NIA Announces New #1 Gold Stock Suggestion: ITKO
NIA is extremely excited to announce Idaho Champion Gold Mines Canada Inc. (CSE: ITKO) as its new #1 favorite gold stock suggestion!
Two weeks ago, the Fraser Institute released its official annual ratings and rankings of the most attractive jurisdictions for mining investment in the world. Normally, when investors think about the best jurisdictions in the world for mining investment – they will immediately think of both Nevada and Canada. In last year’s Fraser Institute report released in February 2019, Nevada was the #1 ranked mining jurisdiction in the world and 4 separate Canadian provinces/territories ranked among the Top 10: #3 Saskatchewan, #4 Quebec, #9 Yukon, and #10 Northwest Territories.
When the Fraser Institute’s brand new report was released on February 25, 2020, it sent shockwaves throughout the Canadian mining industry! For the first time in 10 years, not a single Canadian jurisdiction ranked among the top 10 for investment attractiveness to mining executives and investors!
In addition, Nevada’s ranking declined from being the #1 ranked to the #3 ranked mining jurisdiction in the world! However, a new U.S. state has now been added to the top 10 mining jurisdictions in the world, which officially ranks it above every province/territory throughout all of Canada: Idaho!
Five years ago, Idaho was the #50 ranked mining jurisdiction in the world. Two years ago, Idaho was the #28 ranked mining jurisdiction in the world. Last year, Idaho was the #16 ranked mining jurisdiction in the world. This year, Idaho is now officially the #8 ranked mining jurisdiction in the world and the #3 ranked mining jurisdiction in North America (behind only Nevada and Alaska)! See for yourself by clicking here!
In recent weeks, we have done research on every Idaho gold stock and have decided to announce Idaho Champion Gold Mines Canada Inc. (CSE: ITKO) currently $0.085 per share as our new #1 favorite gold stock suggestion. One week ago, ITKO announced that it successfully closed on an oversubscribed non-brokered private placement, where it successfully raised total proceeds of $1,204,187 at a price of $0.08 per share.
ITKO following its private placement now has 63,837,206 shares outstanding for a current market cap at $0.085 per share of CAD$5.426 million or USD$3.9 million. Insiders control approximately 55% of ITKO’s shares outstanding. In fact, five separate ITKO insiders purchased shares in the company’s private placement, with insiders buying $224,364.40 worth of their own stock!
ITKO owns 100% of the Baner Gold Project, which is located near Elk City, Idaho County, Idaho in the middle of the Orogrande Shear Zone. In November 2018, ITKO completed a 19 hole drilling program totaling nearly 5,200 metres, and the company hit mineralization on every hole! ITKO discovered multiple near-surface high-grade gold intercepts!
Beginning only 8.65m down hole, ITKO’s drill hole ICG2018-13 intercepted 5.76 g/t gold over 12.65m! In fact, this same drill hole also intercepted 9.02 g/t gold over 2m beginning only 32.2m down hole! ITKO’s drill hole ICG2018-8 intercepted extremely high grades of 8.66 g/t gold over 6.30m! ITKO’s drill hole ICG2018-16 achieved two high grade intercepts of 6.55 g/t gold over 2.90m and 4.80 g/t gold over 5.90m! ITKO’s drill hole ICG2018-19 intercepted 5.85 g/t gold over 2m beginning only 89m down hole!
ITKO also discovered additional wide intercepts of near-surface gold including drill hole ICG2018-9 intercepting 1.32 g/t gold over 12.80m beginning only 47m down hole! In addition, ITKO’s drill hole ICG2018-1 intercepted 1.39 g/t gold over 18m beginning only 83m down hole! Finally, ITKO’s drill hole ICG2018-14 intercepted 0.68g/t gold over 11.50m beginning only 14.50m down hole and 2.27 g/t gold over 11m beginning only 58m down hole!
ITKO’s 2018 Idaho gold discovery at its Baner Gold Project successfully established a 500m north-south strike that remains open in all directions! Click here to see for yourself!
Every other gold exploration company we follow that is currently trading at a valuation of less than USD$4 million… doesn’t yet own their flagship gold project, but has merely entered into an option agreement that will require significant dilution before they can ever complete the acquisition of the property… and even then the prior owner almost always keeps a large royalty covering any future production, which reduces a gold project’s net present value (NPV) and can become a major financial burden in the future.
Not only does ITKO already own 100% of its Baner Gold Project but there are absolutely no NSR royalties owed to anybody. This means ITKO will have the ability in the future to consider selling an NSR royalty on its own, which could help finance future project development costs without as much dilution/debt. In actuality, we don’t picture ITKO ever bringing Baner into production on its own. In our opinion, a future exit to a major Canadian gold producer looking to expand their business into the world’s hottest and most rapidly improving mining jurisdiction is a much more likely scenario to occur. For a major gold producer looking to acquire a near-surface, high grade gold project… having no NSR royalties immediately makes a project many times more attractive than a project that will owe NSR royalties on future gold production!
Already, some of the world’s largest gold miners are beginning to focus their attention on Idaho! We are only two weeks removed from the release of the new Fraser Institute report, which upgraded Idaho to being the #8 ranked mining jurisdiction in the world and already Centerra Gold (TSX: CG) a CAD$2.5 billion Canadian gold miner announced this week that it is optioning from Otis Gold (TSXV: OOO) a gold exploration project in Idaho called Oakley. OOO itself is currently being acquired by the Mexican gold/silver miner Excellon Resources (TSX: EXN) because Mexico is having even bigger problems than Canada. Mexico on the new Fraser Institute list is now officially the #38 ranked mining jurisdiction in the world down from being the #29 ranked mining jurisdiction one year ago!
We will have a lot more information for you about ITKO and its Baner Gold Project this upcoming weekend! We will also begin telling you about a second major gold project that ITKO now owns in Idaho called the Champagne Project, which is a past producing Idaho gold project that has a large amount of historical drilling! We consider ITKO to be the biggest gold discovery that we have come across so far in 2020! We believe Idaho gold explorers will far outperform Canadian, Mexican, and Nevada gold explorers for the remainder of 2020 and ITKO is by far the highest quality Idaho gold exploration company! Remember, ITKO just raised $1.2 million and is completely debt free! Insiders have been buying big and control the majority of ITKO’s shares outstanding!
Past performance is not an indicator of future returns. NIA is not an investment advisor and does not provide investment advice. Always do your own research and make your own investment decisions. This message is not a solicitation or recommendation to buy, sell, or hold securities. NIA has received compensation from ITKO of USD$30,000 cash for a six-month marketing contract. This message is meant for informational and educational purposes only and does not provide investment advice.