Gold Up $105 to $4,439 Per Oz: Huge Day Ahead for NIA
Gold is up by $105.19 this morning to $4,438.60 per oz.
Westward Gold (CSE: WG) deserves to have a large enough budget to systematically explore its entire 84 sq km land package because, according to Quinton Hennigh’s 2007 palinspastic reconstruction of the Great Basin that he conducted while working as a senior research geologist for Newmont, WG’s Toiyabe District is a rifted part of the Barrick/Newmont (Nevada Gold Mines) Cortez District that broke off and shifted away from the main complex over time and shares the exact same regional structural, magmatic, and stratigraphic system. No matter how large the newly discovered high-grade SSD Zone becomes with each upcoming drill hole and the trenches that have assays pending, there is potential for many more discoveries similar to the SSD Zone, just like how the directly adjacent Cortez Complex contains multiple multi-million oz gold deposits and, once Fourmile comes online, is expected to become the world’s #1 largest producing gold mining complex. WG has the potential to become the highest market cap stock on the CSE and/or TSX Venture within the next twelve months.
Our favorite gold stock for near-term development potential is Xali Gold (TSXV: XGC), and drilling at its Pico Machay Gold Project is targeted to begin next month.
Saga Metals (TSXV: SAGA) has just been added to the OTCQX Best Market, the highest level of the U.S. OTC market, under the symbol SAGMF. This is a level above the market Rare Element Resources (REEMF) is trading on and will allow U.S. investment capital to begin flowing into the stock as its newly launched maiden drill program at the Wolverine Heavy Rare Earth Project progresses.
Tiger Gold (TSXV: TIGR) has just intersected 78.63 m @ 0.8 g/t Au from 204 m downhole in drill hole CEDDH-014, a 192-metre northwest step-out from CEDDH-013.
QI Materials (CSE: QIMC) hit a new 3-month high intraday yesterday of $0.75 per share, which is more evidence that the bottom is officially in from its July 17th low of $0.425 per share, and it could potentially trend back toward its 52-week high of $2.37 per share.
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. NIA has received compensation from WG of US$60,000 cash for a six-month marketing contract. NIA is receiving compensation from XGC of US$75,000 cash for a six-month marketing contract. NIA has received compensation from SAGA of US$100,000 cash for a twelve-month marketing contract. NIA has received US$120,000 cash from TIGR for a twelve-month marketing contract. NIA has received compensation from QIMC of US$50,000 cash for a six-month marketing contract and previously received US$50,000 cash for a six-month marketing contract which has since expired. This message is meant for informational and educational purposes only and does not provide investment advice.