Golden Investment Opportunity: This $0.13 Precious Metals Exploration Company has Struck Gold as Savvy Investors look for Safe Haven Investments in Turbulent Markets
The historic bull run of the last decade has created a brand-new class of Stock-Market millionaires. Now that the broader markets have cooled off and made a considerable move lower, smart investors are seeking alternative investments to park their cash. Tech is no longer safe. Bitcoin and Alt Coins are way too volatile. Which is the most reliable sector? No need to reinvent the wheel here – it’s still Gold. After breaking out above $2000USD/oz. in August of 2020, the world’s most popular safe-haven asset has consolidated for over 12 months and is NOW giving signs that a surge in Gold Stocks is coming soon.
Exploration companies can offer substantial leverage for investors looking to capitalize on a Gold Bull Market. Don’t make the mistake of betting on a large cap to bring serious gains! It’s the undiscovered Junior Miners which can offer the greatest chance for price appreciation. A certain Undiscovered Explorer has found gold while drilling in a highly prolific spot, and Wall Street has yet to notice… until now.
The broader markets have been a struggle –even for seasoned experts – as extreme volatility, followed by perplexing moves, have become the norm. With Bulls and Bears duking it out, the retail investor is often left in wonder. Between the Russian Invasion of Ukraine, Civil Unrest, Daily Shootings and Deaths, Coronavirus and Vaccination Debates, and several international crises in the news, investors are VERY nervous. A 13-year Bull Market can only go so high. Global uncertainty on a massive scale, plus profit taking in the markets, created a perfect storm for safe-haven assets such as Gold. Some experts predict Gold prices could reach $3000 by the end of the year.
Gold is a perpetual safe haven investment during stock market corrections and recessions
Instead of storing gold bars under your bed, buying a Gold ETF, or investing in a major gold producer, junior exploration companies offer some of the best leverage to maximize potential on rising gold prices. Owning Gold Stocks is one of the more prudent ways to gain exposure to this precious metal, as well as diversifying your portfolio.
It’s time to start thinking differently about gold. It isn’t meant to be just a mere sliver of your portfolio. It should be a cornerstone. One undiscovered junior exploration company in particular, struck gold in a stable, gold mining region in Oregon, and Wall Street hasn’t picked up on it yet.
Do we have your attention?
Provenance Gold Corp (CSE: PAU) (OTCQB: PVGDF)
– is a precious metals exploration company with a focus on gold and silver mineralization within North America. The Company currently holds interests in three properties in Nevada, and one in eastern Oregon, USA. These properties include the 5,160-acre White Rock property in Elko County within the Delano mining district, the 540-acre Mineral Hill property situated in Eureka County, and the 2,024-acre Silver Bow property situated in Nye County.
Location! Location! Location!
PAU’s Eldorado property will receive early focus in 2022 as historic data suggests it could hold gold mineralization up to multi-million ounces, once future drilling can confirm historical results. Provenance holds the right to acquire 100% interest in the Eldorado property, subject to a retained royalty to Nevada Select Royalty Inc. (“Nevada Select”). Nevada Select is an arms-length subsidiary of Gold Royalty Corp. (NYSE: GROY), a leading growth and Americas-focused precious metals royalty company. The right to acquire the Eldorado project was awarded to the Company by Nevada Select in large part due to the hard work and substantial progress made to date on the White Rock property in Nevada, USA. While Provenance already holds significant properties in Nevada, the Eldorado acquisition enables the Company to potentially strengthen its gold portfolio significantly in 2022.
The property is located in Malheur County, a mining friendly region of eastern Oregon adjacent to Idaho and Nevada
First explored in 1980 by Westley Mines
Exploration continued intermittently up until 1998 by Degerstrom, Ican Minerals, Billiton Minerals and North Ltd.
No work has been done on the property since 1998
Historical work includes 217 reverse circulation holes and six core holes for a total of 18,937 meters of drilling
Historical work also includes trenching, soil sampling, metallurgy, geophysics, and mineralization modelling
An initial compliant NI 43 101 resource estimate is planned for 2022 once data validation and verification on historical results is completed along with a qualifying drill program. Field work is anticipated to commence after the completion of permitting.
PAU is perfectly positioned to prosper. The company expects both its White Rock AND Eldorado properties to become significant during the current year – 2022. Providence Gold is currently in a favorable cash position and is very mindful of dilution and shareholder value. As a result, the Company only plans to initiate select and strategic funding until such time as both initial resource estimates have been made public.
Provenance’s White Rock property in the northeastern corner of Elko County, Nevada hosts a large mineralized system within its 258 claims covering 5,160 acres. The gold system extends across an open-ended area of at least 3.2 Km by 1.6 Km. The gold system is hosted in Permian sedimentary formations and is both structurally and stratigraphically controlled.
Operating Nevada open pit gold mines have typical grades in the range of 0.5
g/t Au with typical mine cut offs as low as 0.1 to 0.2 g/t Au. Grades and production costs of currently operating Nevada open pit gold mines are surprisingly similar to each other, and to similar mines world-wide.
PAU anticipates the maiden resource estimate on its White Rock property over the next few months and is actively in the data collection and planning stage in anticipation of its upcoming drill program at Eldorado following the necessary permitting. This drill program, along with detailed historical data collection, compilation and modeling will be a key driver in producing a current and comprehensive resource estimate for the Eldorado property.
With normal sizes in excess of one million ounces of gold, high annual production volumes and year-round operation, bulk tonnage open-pit mines can be very attractive
The White Rock project should receive additional drilling, with already approved drill permits following the completion of work at Eldorado. This year Provenance drilled 34 holes into a portion of the available targets on the large four-square kilometer initial target area at White Rock. After adding and integrating the historic 67 drill holes with the Company’s holes, the Company plans to complete the first NI-43-101 technical report before any further drilling this year.
PAU STRIKES SILVER
Demand for havens due to the tension between Russia and the West over Ukraine has put gold on the cusp of a bullish technical breakout. Bullion is now testing the upper end of a so-called contracting triangle pattern, and a break above a prior high of $1,877 an ounce would for some signal more strength ahead. Gold has also been boosted by inflation worries and is up about 4% in the past six months, a period when global stocks, Treasuries and Bitcoin — touted by some as a digital alternative to the precious metal — all fell.
Spot gold’s 50-day moving average climbed above the 200-day moving average after forming a golden cross last week. Tensions over Russia’s military buildup near Ukraine is buoying the yellow metal and palladium amid demand for havens and concerns over potential supply disruptions.
Gold may be getting an extra boost from post-COVID buying as Swiss imports into China were the highest last year since 2016. Indian buyers nearly doubled their purchases in 2021 to 611 metric tons. Unleashing the wave of suppressed buying has flipped the normally negative correlation between U.S. 10-year Treasury yields and gold to positive. Bloomberg columnist, David Fickling, noted that it is far from obvious that this rise in gold demand has played out.
Provenance Gold Corp
(CSE: PAU) (OTCQB: PVGDF)
– is an under-the-radar, largely unknown, junior explorer that offers potential upside opportunity for timely investors. Currently trading at a market cap just around $10M CDN, this could prove to be highly undervalued when you factor in all of its advantages and accomplishments. In short, this junior miner is well-positioned to ride the gold Bull Run straight to the bank.
For a better understanding of PAU/PVGDF and its business, plus risks of owning its shares, click here to view PAU/PVGDF’s filings.
Please read them thoroughly before many any investment decisions.
Thank you for Reading.
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