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With 4M Ounces Of Gold and $12M In Cash, Loncor Gold Is Set To Propel Expansion of DRC’s Second Largest Gold Deposit

Posted by Paul Nanuwa at 11:32 AM on Thursday, April 11th, 2024


Introduction:

As the gold market charts a bullish course, Loncor Gold emerges as a glimmer of opportunity amidst the industry’s optimistic trajectory. With recent milestones aligning with positive industry trends, Loncor Gold’s strategic direction reflects its readiness to ride the waves of growth.

Industry Outlook and Loncor Gold’s Trajectory:

The recent surge in gold prices signals a buoyant market, fueled by geopolitical tensions, central bank purchases, and shifting investor sentiments. Against this backdrop, Loncor Gold’s strategic positioning in the gold-rich DRC positions the company for significant growth. The surge in gold prices, coupled with Loncor Gold’s substantial presence in the DRC and its flagship Adumbi gold deposit, underscores the company’s potential to capitalize on the current market dynamics.

Voices of Authority:

Industry leaders echo Loncor Gold’s strategic vision, emphasizing the importance of proactive growth strategies, value creation, and seizing opportunities amidst market fluctuations. CEO John Barker’s insights highlight the company’s resilience and foresight, reinforcing its commitment to maximizing shareholder value and expanding its resource base.

Loncor Gold’s FLASH Highlights:

Loncor Gold’s recent achievements, encapsulated in its FLASH milestones, underscore the company’s progress and potential. With approximately 4 million ounces of high-grade gold under its control, Loncor’s Adumbi gold deposit emerges as a world-class asset. The company has $12 million in cash and short-term receivables which is due to a recent sale of a non-core property and that cash will be put to work on the company’s Adumbi open pit gold deposit.

It’s the second largest gold deposit in the DRC, about 1.9 million ounces of gold indicated & about 2.1 million ounces of gold inferred equating to USD $1.3 billion after tax valuation at a price of $2,000/oz gold.

The resource is still growing and a mining permit has already been granted for the development of Adumbi. The company’s strategic initiatives, including plans to expand the Adumbi deposit and capitalize on favourable market conditions, position it as a key player in the global gold market.

Real-world Relevance:

Loncor Gold’s contributions to the industry translate into tangible impacts, akin to the emergence of gold as a safe-haven asset amidst geopolitical uncertainties. The company’s strategic growth initiatives mirror the cyclical nature of the gold market, offering investors an opportunity to capitalize on the enduring allure of gold.

Looking Ahead with Loncor Gold:

As the gold market continues its upward trajectory, Loncor Gold remains poised for further growth and value creation. With a focus on expanding its resource base, maximizing shareholder value, and leveraging favourable market conditions, Loncor Gold invites investors to join its journey toward success in the dynamic gold industry.

Conclusion:

In conclusion, Loncor Gold’s alignment with the bullish trends in the gold market positions the company for a promising future. As industry optimism prevails, Loncor Gold stands out as a compelling investment opportunity, offering investors a chance to participate in the ongoing growth story of the gold sector.


YOUR NEXT $LN STEPS

$LN HUB On AGORACOM: https://agoracom.com/ir/LoncorGold
$LN 5 Minute Research Profile On AGORACOM: https://agoracom.com/ir/LoncorGold/profile
$LN Official Verified Discussion Forum On AGORACOM:  https://agoracom.com/ir/LoncorGold/forums/discussion

DISCLAIMER AND DISCLOSURE

This record is published on behalf of the featured company or companies mentioned (Collectively “Clients”), which are paid clients of Agora Internet Relations Corp or AGORACOM Investor Relations Corp. (Collectively “AGORACOM”)

AGORACOM.com is a platform. AGORACOM is an online marketing agency that is compensated by public companies to provide online marketing, branding and awareness through Advertising in the form of content on AGORACOM.com, its related websites (smallcapepicenter.com; smallcappodcast.com; smallcapagora.com) and all of their social media sites (Collectively “AGORACOM Network”) .  As such please assume any of the companies mentioned above have paid for the creation, publication and dissemination of this article / post.

You understand that AGORACOM receives either monetary or securities compensation for our services, including creating, publishing and distributing content on behalf of Clients, which includes but is not limited to articles, press releases, videos, interview transcripts, industry bulletins, reports, GIFs, JPEGs, (Collectively “Records”) and other records by or on behalf of clients. Although AGORACOM compensation is not tied to the sale or appreciation of any securities, we stand to benefit from any volume or stock appreciation of our Clients.  In exchange for publishing services rendered by AGORACOM on behalf of Clients, AGORACOM receives annual cash and/or securities compensation of typically up to $125,000.

Facts relied upon by AGORACOM are generally provided by clients or gathered by AGORACOM from other public sources including press releases, SEDAR and/or EDGAR filings, website, powerpoint presentations.  These facts may be in error and if so, Records created by AGORACOM may be materially different. In our video interviews or video content, opinions are those of our guests or interviewees and do not necessarily reflect the opinion of AGORACOM.

From time to time, reference may be made in our marketing materials to prior Records we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.

NO INVESTMENT ADVICE

This record, and any record we publish by or on behalf of our clients, should not be construed as an offer or solicitation to buy or sell products or securities.

You understand and agree that no content in this record or published by AGORACOM constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person and that no such content is tailored to any specific person’s needs. We will never advise you personally concerning the nature, potential, advisability, value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter.

Neither the writer of this record nor AGORACOM is an investment advisor.  Both are neither licensed to provide nor are making any buy or sell recommendations. For more information about this or any other company, please review their public documents to conduct your own due diligence.

If you have any questions, please direct them to [email protected]

For our full website disclaimer, please visit  https://agoracom.com/terms-and-conditions

 

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Posted in AGORACOM Client Feature, AGORACOM Sector Spotlight, AGORACOM Small Cap Stocks For Investment, AGORACOM Traffic, All Recent Posts, Loncor | Comments Off on With 4M Ounces Of Gold and $12M In Cash, Loncor Gold Is Set To Propel Expansion of DRC’s Second Largest Gold Deposit

Golden Prospects: Stelmine Canada’s Growth Amidst Gold’s Record Highs

Posted by Paul Nanuwa at 1:57 PM on Wednesday, April 10th, 2024

Introduction:

As gold reaches unprecedented heights, the market landscape offers opportunities for investors seeking stability and growth. Amidst this trend, Stelmine Canada emerges as a promising player, navigating the currents of the precious metals industry with resilience and innovation. Aligned with industry trends, Stelmine Canada’s trajectory reflects the upward momentum of gold, offering opportunities for investors and stakeholders.

Industry Outlook and Stelmine Canada’s Trajectory

In an era marked by economic uncertainty and geopolitical tensions, gold remains a sanctuary for investors. Positioned at the forefront of this market, Stelmine Canada leverages the momentum of gold’s highs to propel its own success. With a focus on exploration and diversification, the company forges ahead, carving a niche in the evolving landscape of precious metals.

Voices of Authority

Industry expert Ulf Lindahl acknowledges Stelmine Canada’s strategic alignment with gold market trends. As gold demand surges, the company’s commitment to innovation and sustainability positions it as a key player in the industry’s growth narrative.

IIsabelle Proulx, CEO Says it Best

“Our discoveries redefine gold potential in Quebec. Stelmine is not just exploring; we are architects of a promising gold frontier.”

Stelmine Canada’s Highlights

Led by Isabelle Proulx (CEO), Stelmine’s management team has a proven track record in the Quebec resources sector and has created an attractive gold exploration target through a high-profile geological team including Dr. Normand Goulet, considered one of Canada’s greatest structural geologists.

Stelmine is developing a new gold district (in northeastern Quebec); an under-explored part of the otherwise prolific James Bay region of Quebec, Canada. This region of the planet is expected to substantially increase its production of gold mineral resources.

Within Stelmine’s portfolio, the Courcy Property emerges as a testament to the company’s commitment to innovation and discovery. Courcy embodies the spirit of exploration and potential, setting new standards for gold development in Northern Quebec. Courcy hosts Geological similarities to Newmont’s Eleonore mine (Gold production since 2015) 215k OZs of annual production (2022). Courcy isn’t confined to gold; it’s a treasure trove of critical minerals.
The Mercator gold-bearing corridor became the canvas for Stelmine’s geological artistry, where the company not only uncovered gold deposits but also expanded the corridor’s length substantially through meticulous exploration and leveraging historical data.

Real-world Relevance

Amid gold’s rise, Stelmine Canada offers investors a tangible opportunity. Rooted in innovation and expertise, the company’s value transcends speculation. In a volatile world, Stelmine Canada’s contributions signal stability and growth in the industry.

Conclusion:

In gold’s surge, Stelmine Canada emerges as a significant player, poised for growth. Grounded in innovation and success, join its journey towards prosperity. As gold captivates investors, Stelmine Canada remains committed to excellence, promising a future filled with potential.

YOUR NEXT $STH STEPS

$STH HUB On AGORACOM: https://agoracom.com/ir/stelminecanada
$STH 5 Minute Research Profile On AGORACOM: https://agoracom.com/ir/stelminecanada/profile
$STH Official Verified Discussion Forum On AGORACOM: https://agoracom.com/ir/stelminecanada/forums/discussion

DISCLAIMER AND DISCLOSURE 

This record is published on behalf of the featured company or companies mentioned (Collectively “Clients”), which are paid clients of Agora Internet Relations Corp or AGORACOM Investor Relations Corp. (Collectively “AGORACOM”)

AGORACOM.com is a platform. AGORACOM is an online marketing agency that is compensated by public companies to provide online marketing, branding and awareness through Advertising in the form of content on AGORACOM.com, its related websites (smallcapepicenter.com; smallcappodcast.com; smallcapagora.com) and all of their social media sites (Collectively “AGORACOM Network”) .  As such please assume any of the companies mentioned above have paid for the creation, publication and dissemination of this article / post.

You understand that AGORACOM receives either monetary or securities compensation for our services, including creating, publishing and distributing content on behalf of Clients, which includes but is not limited to articles, press releases, videos, interview transcripts, industry bulletins, reports, GIFs, JPEGs, (Collectively “Records”) and other records by or on behalf of clients. Although AGORACOM compensation is not tied to the sale or appreciation of any securities, we stand to benefit from any volume or stock appreciation of our Clients.  In exchange for publishing services rendered by AGORACOM on behalf of Clients, AGORACOM receives annual cash and/or securities compensation of typically up to $125,000.

Facts relied upon by AGORACOM are generally provided by clients or gathered by AGORACOM from other public sources including press releases, SEDAR and/or EDGAR filings, website, powerpoint presentations.  These facts may be in error and if so, Records created by AGORACOM may be materially different. In our video interviews or video content, opinions are those of our guests or interviewees and do not necessarily reflect the opinion of AGORACOM.

From time to time, reference may be made in our marketing materials to prior Records we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.

NO INVESTMENT ADVICE

This record, and any record we publish by or on behalf of our clients, should not be construed as an offer or solicitation to buy or sell products or securities.

You understand and agree that no content in this record or published by AGORACOM constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person and that no such content is tailored to any specific person’s needs. We will never advise you personally concerning the nature, potential, advisability, value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter.

Neither the writer of this record nor AGORACOM is an investment advisor.  Both are neither licensed to provide nor are making any buy or sell recommendations. For more information about this or any other company, please review their public documents to conduct your own due diligence.

If you have any questions, please direct them to [email protected]

For our full website disclaimer, please visit  https://agoracom.com/terms-and-conditions

 

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Posted in AGORACOM Sector Spotlight, AGORACOM Traffic, All Recent Posts, Stelmine | Comments Off on Golden Prospects: Stelmine Canada’s Growth Amidst Gold’s Record Highs

With 4M Ounces Of Gold and $13.5M In Cash, Loncor Gold Is Set To Grow The 2nd Largest Gold Deposit In The DRC

Posted by Paul Nanuwa at 11:14 AM on Wednesday, April 3rd, 2024

In the realm of gold exploration and mining, one company stands out for its remarkable achievements and promising future – Loncor Gold. In a recent interview with Loncor Gold’s CEO, John Barker, we gained exclusive insights into the company’s significant milestones, its strategic vision, and the compelling investment opportunity it presents in the dynamic gold market.

A Leader in the Gold Industry

Loncor Gold (TSX: LN) (OTCQX: LONCF), has garnered attention as an undervalued gold exploration company with a substantial presence in the Democratic Republic of Congo (DRC). At a time when gold prices are soaring, Loncor Gold’s strategic positioning in the gold-rich DRC couldn’t be more opportune.

The company boasts control over approximately 4 million ounces of high-grade gold across its projects, with its flagship Adumbi gold deposit emerging as a world-class asset. Adumbi, the second-largest gold deposit in the DRC, holds immense potential with 1.9 million ounces of gold indicated and an additional 2.1 million ounces inferred. Moreover, Loncor Gold is about to possess $13.5 million in cash and short-term receivables, bolstering its financial strength and capacity for further growth.

Navigating Through Challenges with Resilience

In an industry characterized by volatility and uncertainty, Loncor Gold has demonstrated resilience and foresight. Despite operating in challenging market conditions, the company has remained steadfast in its pursuit of growth and value creation. CEO John Barker highlighted the company’s proactive approach, emphasizing their focus on expanding the business, preserving shareholder value, and seizing opportunities amidst market fluctuations.

Unveiling the Potential of Adumbi

Central to Loncor Gold’s success is the Adumbi gold deposit, renowned for its size, grade, and economic viability. With approximately 4 million ounces of gold under its control, Loncor Gold’s Adumbi deposit stands out as one of the largest and highest-grade projects in its peer group. The robust economics of the project, including a $1.3 billion after tax valuation and favourable production forecasts, underscore its significance as a value driver for the company.

Strategic Growth Initiatives

Loncor Gold’s strategic vision extends beyond its existing accomplishments, with a keen focus on further expanding the Adumbi deposit. The company’s plans to initiate an 11,000-meter drill program aimed at increasing the deposit size to 5 million ounces signal its commitment to unlocking additional value for shareholders. Moreover, with gold prices surpassing previous records, Loncor Gold is poised to capitalize on the favourable market dynamics and elevate its status as a key player in the gold sector.

Conclusion: A Bright Future Ahead

In conclusion, Loncor Gold’s remarkable achievements and strategic initiatives position it for a bright future in the gold industry. With a focus on maximizing shareholder value, expanding its resource base, and capitalizing on favorable market conditions, Loncor Gold is poised to emerge as a leading player in the global gold market. As investors seek opportunities in the precious metals sector, Loncor Gold stands out with tremendous potential and a compelling investment opportunity for those looking to capitalize on the enduring allure of gold.


YOUR NEXT $LN STEPS

$LN HUB On AGORACOM: https://agoracom.com/ir/LoncorGold
$LN 5 Minute Research Profile On AGORACOM: https://agoracom.com/ir/LoncorGold/profile
$LN Official Verified Discussion Forum On AGORACOM:  https://agoracom.com/ir/LoncorGold/forums/discussion

DISCLAIMER AND DISCLOSURE 

This record is published on behalf of the featured company or companies mentioned (Collectively “Clients”), which are paid clients of Agora Internet Relations Corp or AGORACOM Investor Relations Corp. (Collectively “AGORACOM”)

AGORACOM.com is a platform. AGORACOM is an online marketing agency that is compensated by public companies to provide online marketing, branding and awareness through Advertising in the form of content on AGORACOM.com, its related websites (smallcapepicenter.com; smallcappodcast.com; smallcapagora.com) and all of their social media sites (Collectively “AGORACOM Network”) .  As such please assume any of the companies mentioned above have paid for the creation, publication and dissemination of this article / post.

You understand that AGORACOM receives either monetary or securities compensation for our services, including creating, publishing and distributing content on behalf of Clients, which includes but is not limited to articles, press releases, videos, interview transcripts, industry bulletins, reports, GIFs, JPEGs, (Collectively “Records”) and other records by or on behalf of clients. Although AGORACOM compensation is not tied to the sale or appreciation of any securities, we stand to benefit from any volume or stock appreciation of our Clients.  In exchange for publishing services rendered by AGORACOM on behalf of Clients, AGORACOM receives annual cash and/or securities compensation of typically up to $125,000.

Facts relied upon by AGORACOM are generally provided by clients or gathered by AGORACOM from other public sources including press releases, SEDAR and/or EDGAR filings, website, powerpoint presentations.  These facts may be in error and if so, Records created by AGORACOM may be materially different. In our video interviews or video content, opinions are those of our guests or interviewees and do not necessarily reflect the opinion of AGORACOM.

From time to time, reference may be made in our marketing materials to prior Records we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.

NO INVESTMENT ADVICE

This record, and any record we publish by or on behalf of our clients, should not be construed as an offer or solicitation to buy or sell products or securities.

You understand and agree that no content in this record or published by AGORACOM constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person and that no such content is tailored to any specific person’s needs. We will never advise you personally concerning the nature, potential, advisability, value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter.

Neither the writer of this record nor AGORACOM is an investment advisor.  Both are neither licensed to provide nor are making any buy or sell recommendations. For more information about this or any other company, please review their public documents to conduct your own due diligence.

If you have any questions, please direct them to [email protected]

For our full website disclaimer, please visit  https://agoracom.com/terms-and-conditions

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Posted in AGORACOM Client Feature, AGORACOM Clients (New), AGORACOM Small-Cap TV, AGORACOM Traffic, All Recent Posts, Featured, Loncor | Comments Off on With 4M Ounces Of Gold and $13.5M In Cash, Loncor Gold Is Set To Grow The 2nd Largest Gold Deposit In The DRC

CLIENT FEATURE: Sean Ryan Looking to Repeat Discovery Process with Labrador Gold $RIO.ca $WHM.ca $SIC.ca $NXS.ca

Posted by AGORACOM at 10:01 PM on Tuesday, October 8th, 2019
  • Labrador Gold is aggressively pursuing the under explored gold potential of Labrador.
  • 2 large, separate, under-explored land packages that demonstrate potential for district scale gold discoveries.
  • Two successful gold explorers lead the way in the Labrador gold rush: Shawn Ryan and Roger Moss.
  • 2 Key Exploration Properties: Hopedale and Ashuanipi

Hopedale:

The Hopedale property covers much of the Hunt River and Florence Lake greenstone belts that stretch over 80 km. The belts are typical of greenstone belts around the world but have been underexplored by comparison. Initial work by Labrador Gold during 2017 show gold anomalies in soils and lake sediments over a 3 kilometre section of the northern portion of the Florence Lake greenstone belt in the vicinity of the known Thurber Dog gold showing where grab samples assayed up to 7.8g/t gold. In addition, anomalous gold in soil and lake sediment samples occur over approximately 40 kilometres along the southern section of the greenstone belt (see news release dated January 25th 2018 for more details). Labrador Gold now controls approximately 57km strike length of the Florence Lake Greenstone Belt.

Ashuanipi:

  • Two district scale gold anomalies outlined by soil and lake sediment survey: 15x3km north south anomaly and a 14 x 3km east west anomaly
  • 2018 Soil Sampling identified: 164 samples with over 50 ppb gold, 67 samples over 100 ppb (0.1g/t) gold and a high of 8,973 ppb (8.97 g/t) Au

The Ashuanipi gold project is located just 35 km from the historical iron ore mining community of Schefferville, which is linked by rail to the port of Sept Iles, Quebec in the south. The claim blocks cover large lake sediment gold anomalies that, with the exception of local prospecting, have not seen a systematic modern day exploration program. Results of the 2017 reconnaissance exploration program following up the lake sediment anomalies show gold anomalies in soils and lake sediments over a 15 kilometre long by 2 to 6 kilometre wide north-south trend and over a 14 kilometre long by 2 to 4 kilometre wide east-west trend. The anomalies appear to be broadly associated with magnetic highs and do not show any correlation with specific rock types on a regional scale (see news release dated January 18th 2018). This suggests a possible structural control on the localization of the gold anomalies

LAB Hub on Agoracom

FULL DISCLOSURE: Labrador Gold is an advertising client of AGORA Internet Relations Corp.

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Posted in All Recent Posts, Labrador Gold | Comments Off on CLIENT FEATURE: Sean Ryan Looking to Repeat Discovery Process with Labrador Gold $RIO.ca $WHM.ca $SIC.ca $NXS.ca

Labrador Gold $LAB.ca: Gold Market Update – Investors Should Take Measures to Protect Themselves? $RIO.ca $WHM.ca $SIC.ca $NXS.ca

Posted by AGORACOM at 1:00 PM on Monday, September 9th, 2019

SPONSOR: Labrador Gold – Two successful gold explorers lead the way in the Labrador gold rush targeting the under-explored gold potential of the province. Exploration has already outlined district scale gold on two projects, including over a 40km strike length of the Florence Lake greenstone belt, one of two greenstone belts covered by the Hopedale Project. Click Here for More Info

  • Fundamental and technical factors came together last week to suggest that a significant correction to the recent strong runup has now started.
  • Indicators pointing to a correction include its overbought status, overly bullish sentiment readings and COTs showing extreme readings.

Although a major Precious Metals sector bullmarket has certainly started, various fundamental and technical factors came together last week to suggest that a significant correction to the recent strong runup has now started.

The main fundamental development was the announcement that there will be a Trade War summit between China and the US early next month, with hopes being expressed that this may lead to compromise or some kind of truce. Whilst the chances of improvement may be slim, the market has got what it wants for now which is hope, and this hope should continue at least until this meeting, which provides the excuse for the markets to go “risk on” until then, which is why the stockmarket broke higher last week, delaying but not eliminating our crash scenario.

A return to “risk on” is clearly not good for the Precious Metals which, until last week, had been benefitting from a flight to safety as had the dollar, creating the unusual situation where the dollar and gold were rising at the same time. Now, in a risk on environment they are suddenly out of favor again.

In addition to this fundamental argument we have a range of technical indicators pointing to a correction in the Precious Metals sector that we will now look at. They include its overbought status, overly bullish sentiment readings and COTs showing extreme readings.

Starting with gold’s 6-month chart, we can see that it doesn’t look too bad – yet, but if we look more closely we can see that it is on the point of breaking down from the rather steep uptrend in force from late May, with it having dropped back on quite high volume the past 2 trading days, and it is noteworthy that Thursday’s drop was the biggest 1-day drop for a long time, making it more likely that it signals a reversal. In addition, the MACD indicator shows that momentum is starting to flag.


So, how far could gold react back? It happens more often than not that after a price breaks clear out of a giant base pattern, as gold did from its giant complex Head-and-Shoulders bottom or Saucer base shown on our 10-year chart, that it then returns to test support at the upper boundary of the base pattern before turning higher again. That could happen again and it would throw a lot of investors in the sector who are now of the view that we are “off to the races”. So, if it does react back that far don’t be dismayed – on the contrary it would throw up one last great buying opportunity.


We have had a rather unusual situation in the recent past where the dollar and the Precious Metals have been strengthening together. This is because, in a risk off environment both have been considered safe havens. In a risk on environment this logic works in the other direction so that the dollar and the Precious Metals may both react back together. On the 3-year chart for the dollar index we can see that it is at a good point to turn lower, despite its still bullishly aligned moving averages, as its persistent gentle uptrend has brought it up to the significant resistance level shown.


While PM stocks continued to push higher in recent weeks, the decline was losing momentum, as revealed by the downtrending MACD indicator on the 6-month GDX chart below, which led to its starting to break down on high volume on Thursday and Friday. Although it hasn’t yet broken down from the uptrend and below its 50-day moving average, this looks set to happen soon.


So how about COTs and sentiment? – we will now proceed to look at them. We had been wary of calling a top too soon based on the increasingly lopsided COTs, having called a top too soon during the runup early in 2016, but now, given the other factors that we have considered, in particular the negative developments last week, the latest gold COT, which shows high Large Spec long positions and heavy Commercial short positions, certainly makes a reaction back by gold now or soon a lot more likely…

Click on chart to popup a larger, clearer version.


The COT is backed up by the latest Hedgers chart, which goes back to 2010, which shows that positions match the extreme reached in the Summer of 2016, which as we know was followed by a brutal correction for the rest of the year. While a correction certainly looks likely it shouldn’t be so deep, because there is a big difference this time round, which is that gold has broken out into a major new bullmarket – it was still in a basing phase in 2016.

Click on chart to popup a larger, clearer version.

Chart courtesy of sentimentrader.com


Lastly, the Gold Miners Bullish % Index is still at 87%, and while we waiting to see if it would hit 100% as it did in 2016, it doesn’t have to of course before a reversal occurs, and 87% certainly shows that enough people are bullish to warrant a trip to the fleecing shed.

Investors in the Precious Metals sector should therefore take measures to protect themselves, which include stepping aside for a while, or if staying long, hedging with inverse ETFs such as DUST, or options (options are much more cost effective), GLD being very suitable are they are highly liquid with narrow spreads, and then we watch for the expected correction to unfold, aware that when it has run its course, we will be presented with a MAJOR BUYING OPPORTUNITY.

Source:http://news.goldseek.com/CliveMaund/1568038149.php

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Labrador Gold $LAB.ca: The US dollar vs. Gold – Has Something Changed? $RIO.ca $WHM.ca $SIC.ca $NXS.ca

Posted by AGORACOM at 2:33 PM on Friday, September 6th, 2019

SPONSOR: Labrador Gold – Two successful gold explorers lead the way in the Labrador gold rush targeting the under-explored gold potential of the province. Exploration has already outlined district scale gold on two projects, including over a 40km strike length of the Florence Lake greenstone belt, one of two greenstone belts covered by the Hopedale Project. Click Here for More Info

Gold is priced internationally in US dollars. So generally, when the USD rises, gold drops, and vice versa. But over the last year, gold and the USD seem to be rising together. That’s a strong indication of safe-haven demand driving money around the world into both gold and the USD. You can see both the overall inverse relationship and the recent exception clearly in a long-term USD vs. gold chart.

That much is obvious. What’s less obvious is just how rare this is. There seem to be a few times when gold and the USD spiked together since the early 1970s, when the price of gold was freed when Nixon closed the gold window. But if you look carefully, the most notable spikes are not at the same exact time. The inverse relationship holds.

Hold on—haven’t we all seen times when safe-haven demand clearly drives both the USD and gold higher? Yes, but most of those tend to be very short lived. We’re talking daily price movements. Sometimes weekly. The fact that such short-term moves aren’t even visible on the chart shows that they don’t really matter that much.

And even more striking is that gold is rising much faster than the USD. The gold line is accelerating upward while the USD line is decelerating. If those curves continue, the USD will be falling hard and gold will be hitting new nominal highs within two years.

That’s a big “IF,” of course. I’m not making that call. All the more so since the USD may follow gold’s lead upward—whether it deserves to or not—if the global economy tanks and central bankers around the world panic in that timeframe.

Regardless, it’s important to think about what these curves are telling us.

  1. Increasing numbers of people around the world are worried, and they’re shifting their money into safe-haven assets.
  2. The fact that the USD is not rising as fast as gold could be dismissed as an artifact of gold being the smaller asset class, but the opposite inflection of the curves suggests that more people are starting to worry about the soundness of the USD.

That’s bullish for gold.

But what if the trends change?

Almost 50 years of data say that gold and the dollar rising together won’t last long. This anomaly could be corrected by either the USD rebounding and gold falling, or the opposite. But which is more likely?

Well, is the volatility and fear driving people into safe-haven assets likely to end soon?

I don’t think so.

Has the US central bank pivoted to a weaker dollar stance?

No question.

With rate hikes fading in the rearview mirror in the US, we may well see a period of substantial USD weakening, as we did in the years after the crash of 2008.

That’s very bullish for gold.

So why has the USD been strengthening despite the Fed throwing it under the bus in favor of prolonging the US’s economic party? Because things have been getting even worse in much of the rest of the world. The USD isn’t stronger. It’s just that other major currencies are weakening faster.

That’s extremely bullish for gold—whichever currency is winning the race to the bottom at the time.

All of this begs the big question: “When will people around the world lose faith in the US dollar and see it as just another piece of paper of no special value?”

Well, folks should have realized this long ago. Unfortunately, the petrodollar system has propped up the USD ever since Nixon killed what was left of the gold standard in the US. That system is starting to fray, with China and Russia pulling on the threads to unravel it as fast as they can, but it still stands.

While the petrodollar system endures, I think that even great weakness in the US economy and policies obviously destructive of the USD’s value will hurt, but not dethrone, the dollar.

Remember that in the global economy, a major downturn in the US economy would have serious consequences for just about every other economy in the world. If other countries are hurting and trashing their own currencies at the same time, the USD could still look like the least leaky among a fleet of sinking ships.

But someday—and it may not be very far off—the USD will lose its last special characteristic.

That’s when I think people worldwide will see that the emperor has no clothes…

… and gold and silver will reemerge as money.

When?

Go ask someone with a working crystal ball.

I’m just happy to own gold now and to see it doing its job as a safe haven.

The tides of history are shifting. I’m confident I’m on the right side.

Source: https://www.kitco.com/commentaries/2019-09-05/The-US-dollar-vs-Gold-has-something-changed.html

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Labrador Gold $LAB.ca – Gold Prices to Pick off U.S. Dollar High Next $RIO.ca $WHM.ca $SIC.ca $NXS.ca

Posted by AGORACOM at 2:44 PM on Wednesday, September 4th, 2019

SPONSOR: Labrador Gold – Two successful gold explorers lead the way in the Labrador gold rush targeting the under-explored gold potential of the province. Exploration has already outlined district scale gold on two projects, including over a 40km strike length of the Florence Lake greenstone belt, one of two greenstone belts covered by the Hopedale Project. Click Here for More Info

https://www.kitco.com/news/2019-09-04/images/shutterstock_1265325577-min.jpg
  • Gold hit new all-time highs in multiple currencies
  • U.S. gold price has yet to follow, but has hit six-year highs
  • After five years of price consolidation, there is an “unprecedented” foundation for higher gold and silver prices

After hitting new record highs in euros and British pounds, U.S. dollar-based record highs are next, according to Bloomberg Intelligence (BI).

Gold prices had a stellar August, with the metal hitting new all-time highs in multiple currencies as well as reaching fresh six-year highs in U.S. dollars.

“Dollar-denominated gold is likely to follow all-time highs in euro terms reached Aug. 26 … Despite the trade-weighted broad dollar rallying about 10% since the start of 2018, dollar-valued gold has increased 15%. Trade tension and diminishing macroeconomic conditions have been drivers, but increasing stock-market volatility is a primary gold-price support,” BI senior commodity strategist Mike McGlone wrote in a September update.

Precious metals are on a very solid footing and are likely just beginning their upward ascension, McGlone wrote this week.

“We expect precious metals to remain the stalwart sector, as moribund silver and platinum gain buoyancy with the rising gold- and bond-price tide. A catalyst to reverse the entrenched trends, namely a definitive U.S.-China trade accord, is unlikely,” he said.

After five years of price consolidation, there is an “unprecedented” foundation for higher gold and silver prices, McGlone pointed out.

“Markets are in the early days of acknowledging the potential upside in primary store-of-value, quasi-currency, diversifier assets gold and silver, in our view. Plunging and increasingly negative bond yields, central-bank easing, trade and currency wars, elevated debt-to-GDP levels and a contentious U.S. presidential relationship with the Federal Reserve are price tailwinds,” he explained.

The biggest threat to the precious metals’ new bull market is a drop in stock-market volatility, which is looking unlikely at this point, BI’s report noted.

“The dollar price of gold is on far more stable ground than it was about a decade ago. Some combination of sustained greenback strength and rapid stock-market appreciation should be necessary to suppress the metal’s price … Bottoming with the Federal Reserve’s interest-rate hike in 2015, the gold price appears to be situated for brighter days,” McGlone said.

Source: https://www.kitco.com/news/2019-09-04/Gold-prices-to-pick-off-U-S-dollar-high-next-Bloomberg-Intelligence.html

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Labrador Gold $LAB.CA Provides Exploration Update for Its Ashuanipi Project $RIO.ca $WHM.ca $SIC.ca $NXS.ca

Posted by AGORACOM at 8:13 AM on Tuesday, September 3rd, 2019

VANCOUVER, British Columbia, Sept. 03, 2019 – Labrador Gold Corp. (TSX-V: LAB) (“Labrador Gold” or the “Company”) announces that it has received a request to stop further exploration at its Ashuanipi project in western Labrador. The request was received following the start of the Company’s exploration program and subsequent discussions with members of the Matimekush-Lac John First Nation in Schefferville, Quebec. Labrador Gold holds, under option, a number of mineral licenses in western Labrador, south east of Schefferville that cover a portion of a trapline owned by some members of the Matimekush-Lac John First Nation and conducted exploration without incident during 2017 and 2018. 

“It is unfortunate that discussions to date have resulted in us having to stop work,” said Roger Moss, President and Chief Executive Officer of Labrador Gold. “However, we will respect their decision as we continue discussions with the aim of maximizing benefits for all stakeholders. The company is committed to maintaining good relationships with the community as we look to restart our exploration program at Ashuanipi.”

Labrador Gold will continue discussions to properly understand the concerns of the Matimekush-Lac John First Nation and to seek ways in which we can work with the community in order that our low-impact exploration does not interfere with their traditional activities.

The Company is also reviewing the Hopedale, Labrador and Borden Lake Extension, Ontario projects with the aim of conducting further exploration on one or both of the projects during the remainder of the field season.

Roger Moss, PhD., P.Geo., is the qualified person responsible for all technical information in this release.

The Company gratefully acknowledges the Newfoundland and Labrador Ministry of Natural Resources’ Junior Exploration Assistance (JEA) Program for its financial support for exploration of the Ashuanipi property.

About Labrador Gold:

Labrador Gold is a Canadian based mineral exploration company focused on the acquisition and exploration of prospective gold projects in the Americas. In 2017 Labrador Gold signed a Letter of Intent under which the Company has the option to acquire 100% of the 896 square kilometre (km2) Ashuanipi property in northwest Labrador and the Hopedale (458 km2) property in eastern Labrador.

The Hopedale property covers much of the Hunt River and Florence Lake greenstone belts that stretch over 80 km. The belts are typical of greenstone belts around the world but have been underexplored by comparison. Initial work by Labrador Gold during 2017 show gold anomalies in soils and lake sediments over a 3 kilometre section of the northern portion of the Florence Lake greenstone belt in the vicinity of the known Thurber Dog gold showing where grab samples assayed up to 7.8g/t gold. In addition, anomalous gold in soil and lake sediment samples occur over approximately 40 kilometres along the southern section of the greenstone belt (see news release dated January 25th 2018 for more details). Labrador Gold now controls approximately 57km strike length of the Florence Lake Greenstone Belt.

The Ashuanipi gold project is located just 35 km from the historical iron ore mining community of Schefferville, which is linked by rail to the port of Sept Iles, Quebec in the south. The claim blocks cover large lake sediment gold anomalies that, with the exception of local prospecting, have not seen a systematic modern day exploration program. Results of the 2017 reconnaissance exploration program following up the lake sediment anomalies show gold anomalies in soils and lake sediments over a 15 kilometre long by 2 to 6 kilometre wide north-south trend and over a 14 kilometre long by 2 to 4 kilometre wide east-west trend. The anomalies appear to be broadly associated with magnetic highs and do not show any correlation with specific rock types on a regional scale (see news release dated January 18th 2018). This suggests a possible structural control on the localization of the gold anomalies. Historical work 30 km north on the Quebec side led to gold intersections of up to 2.23 grams per tonne (g/t) Au over 19.55 metres (not true width) (Source: IOS Services Geoscientifiques, 2012, Exploration and geological reconnaissance work in the Goodwood River Area, Sheffor Project, Summer Field Season 2011). Gold in both areas appears to be associated with similar rock types.

The Company has 56,264,022 common shares issued and outstanding and trades on the TSX Venture Exchange under the symbol LAB.

For more information please contact:

Roger Moss, President and CEO      Tel: 416-704-8291

Or visit our website at: www.labradorgold.com

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CLIENT FEATURE: Labrador Gold $LAB.ca Discovers Gold Enriched Zone at Ashuanipi $RIO.ca $WHM.ca $SIC.ca $NXS.ca

Posted by AGORACOM at 10:57 AM on Friday, August 23rd, 2019
  • Discovery of gold enriched zone near high grade (8,973ppb) soil sample at Ashuanipi, Labrador
  • Defined by gold in soil and rock samples that cover an area of 450 metres by 450 metres
  • Results of ground VLF-Magnetic survey over the area are pending
  • Drill testing of zone expected in fall
  • Systematic approach to exploration of district scale anomalies at Ashuanipi allowed LAB to quickly identify favourable areas for gold mineralization
  • Two successful gold explorers lead the Labrador gold rush: Shawn Ryan and Roger Moss.

Ashuanipi

The Ashuanipi gold project is located just 35 km from the historical iron ore mining community of Schefferville, which is linked by rail to the port of Sept Iles, Quebec in the south. The claim blocks cover large lake sediment gold anomalies that, with the exception of local prospecting, have not seen a systematic modern day exploration program. Results of the 2017 reconnaissance exploration program following up the lake sediment anomalies show gold anomalies in soils and lake sediments over a 15 kilometre long by 2 to 6 kilometre wide north-south trend and over a 14 kilometre long by 2 to 4 kilometre wide east-west trend. The anomalies appear to be broadly associated with magnetic highs and do not show any correlation with specific rock types on a regional scale (see news release dated January 18th 2018). This suggests a possible structural control on the localization of the gold anomalies

LAB Agoracom Hub

FULL DISCLOSURE: Labrador Gold is an advertising client of AGORA Internet Relations Corp

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Labrador Gold $LAB.ca Announces Delineation of a Gold Enriched Zone at Its Ashuanipi Project $RIO.ca $WHM.ca $SIC.ca $NXS.ca

Posted by AGORACOM at 12:30 PM on Wednesday, August 21st, 2019
  • Discovery of gold enriched zone near high grade (8,973ppb) soil sample at Ashuanipi, Labrador
  • Defined by gold in soil and rock samples that cover an area of 450 metres by 450 metres
  • Results of ground VLF-Magnetic survey over the area are pending
  • Drill testing of zone expected in fall

VANCOUVER, British Columbia, Aug. 21, 2019 (GLOBE NEWSWIRE) — Labrador Gold Corp. (TSX-V: LAB) (“Labrador Gold” or the “Company”) is pleased to announce that it has delineated a new gold enriched zone near the site of a high grade soil sample at its Ashuanipi project in western Labrador.

The initial program at Ashuanipi this year continued our systematic approach of detailed geological mapping, rock and soil sampling and ground magnetics/VLF-EM (very low frequency electromagnetics) to follow up on specific areas to generate targets for drilling in the fall. In particular, infill soil sampling allowed us to define an anomalous gold zone near the site of a soil sample taken in 2018 that assayed 8,973ppb gold.

The anomalous zone measures approximately 450 metres by 450 metres and is defined by soil samples ranging from below detection up to 1,190ppb gold, in addition to the previous high-grade sample, and rock samples from below detection up to 2,353 ppb Au (2.35g/t). The 2.35g/t rock sample lies approximately 450m northwest of the high-grade soil sample within a 200m by 100m gold in soil anomaly with values ranging from 40ppb to 778ppb gold. The area was also covered by a ground magnetic and VLF-EM (Very low frequency electromagnetic) survey, the data from which is currently being processed.

A second area also shows potential, with rock samples grading from below detection to 0.68g/t gold and 10 samples showing values greater than 0.1g/t gold over an area of 200m by 120m within a larger anomalous area of gold in soil. The gold mineralization is associated with garnet-bearing gossanous gneiss. Further work in the area, including detailed soil sampling and a VLF-magnetic survey will enable better definition of the anomalous zone. Maps of the two zones can be found at www.labradorgold.com/portfolio/ashuanipi/.

“Our systematic approach to exploration of district scale anomalies at Ashuanipi has allowed us to quickly identify favourable areas for gold mineralization along these trends,” said Roger Moss, President and Chief Executive Officer of Labrador Gold. “We look forward to the results of the magnetic – VLF-EM survey that will allow us to further refine our drill targets for the fall.”

The 2019 exploration program at Ashuanipi is designed to follow up on successful results of 2017 and 2018 work that outlined district scale gold anomalies. To date the company has collected 13,184 soil samples, 752 lake sediment samples and 138 rock samples over the 896 square kilometre property.

“Our 2019 program confirms and reinforces the thought that the large regional (20 by 25 km) gold in lake sediment anomaly (greater than the 99th percentile) covering the Ashuanipi north claim block is real.  The anomaly, derived from GSC data (Open File 8348), is the largest and most robust in the entire northern Quebec and Labrador,” said Shawn Ryan, Technical Advisor to Labrador Gold. “We are the first exploration company to give this anomaly a good look and start to explain this new mineralized system. As we continue our systematic exploration approach over the property, we should uncover more gold mineralization over the 15-kilometre gold in soil anomaly outlined during the 2018 exploration program.”

All samples were shipped to the Bureau Veritas preparation laboratory in Timmins, Ontario, where rocks were crushed and split and a 500g sub sample pulverized to 200 mesh. Pulps were sent to the Vancouver laboratory for assay. Samples of 30g were analyzed for gold by fire assay with an atomic absorption finish and another 15g sample for 36 elements by ultratrace ICP-MS (inductively coupled plasma-mass spectrometry) following an aqua regia digestion. Soil samples are dried and sieved to -80 mesh followed by aqua regia digestion and ICP-MS/ES assay. In addition to the QA-QC conducted by the laboratory, the Company routinely submits blanks, field duplicates and certified reference standards with batches of samples to monitor the quality of the analyses.

Roger Moss, PhD., P.Geo., is the qualified person responsible for all technical information in this release.

About Labrador Gold:

Labrador Gold is a Canadian based mineral exploration company focused on the acquisition and exploration of prospective gold projects in the Americas. In 2017 Labrador Gold signed a Letter of Intent under which the Company has the option to acquire 100% of the 896 square kilometre (km2) Ashuanipi property in northwest Labrador and the Hopedale (458 km2) property in eastern Labrador.

The Hopedale property covers much of the Hunt River and Florence Lake greenstone belts that stretch over 80 km. The belts are typical of greenstone belts around the world but have been underexplored by comparison. Initial work by Labrador Gold during 2017 show gold anomalies in soils and lake sediments over a 3 kilometre section of the northern portion of the Florence Lake greenstone belt in the vicinity of the known Thurber Dog gold showing where grab samples assayed up to 7.8g/t gold. In addition, anomalous gold in soil and lake sediment samples occur over approximately 40 kilometres along the southern section of the greenstone belt (see news release dated January 25th 2018 for more details). Labrador Gold now controls approximately 57km strike length of the Florence Lake Greenstone Belt.

The Ashuanipi gold project is located just 35 km from the historical iron ore mining community of Schefferville, which is linked by rail to the port of Sept Iles, Quebec in the south. The claim blocks cover large lake sediment gold anomalies that, with the exception of local prospecting, have not seen a systematic modern day exploration program. Results of the 2017 reconnaissance exploration program following up the lake sediment anomalies show gold anomalies in soils and lake sediments over a 15 kilometre long by 2 to 6 kilometre wide north-south trend and over a 14 kilometre long by 2 to 4 kilometre wide east-west trend. The anomalies appear to be broadly associated with magnetic highs and do not show any correlation with specific rock types on a regional scale (see news release dated January 18th 2018). This suggests a possible structural control on the localization of the gold anomalies. Historical work 30 km north on the Quebec side led to gold intersections of up to 2.23 grams per tonne (g/t) Au over 19.55 metres (not true width) (Source: IOS Services Geoscientifiques, 2012, Exploration and geological reconnaissance work in the Goodwood River Area, Sheffor Project, Summer Field Season 2011). Gold in both areas appears to be associated with similar rock types.

The Company has 56,264,022 common shares issued and outstanding and trades on the TSX Venture Exchange under the symbol LAB.

For more information please contact:             

Roger Moss, President and CEO      Tel: 416-704-8291

Or visit our website at: www.labradorgold.com

@LabGoldCorp

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