Gold stocks fall into the same kettle of opportunity. Majors like Barrick Gold Corp. (NYSE: GOLD) (TSX: ABX), B2Gold Corp. (NYSE: BTG) (TSX: BTO), and Eldorado Gold (NYSE: EGO) (TSX: ELD) have slid from highs over the last 4-5 months. The effect has dropped the value of ancillary plays, such as Osisko Gold Royalties (TSX: OR) and junior explorers, including Gander Gold Corp. (CSE: GAND) (OTCQB: GANDF).
While the aforementioned blue chips will remain the talk of analysts about value plays, a smaller play like Gander Gold may be where the upward price action can really get intriguing with its inherently higher beta.
Gander Gold is one of Newfoundland’s largest claimholders, controlling about 2,260 square kilometers of highly prospective gold property. The company is in one of Canada’s hotbeds of gold exploration activity, rubbing shoulders with companies like New Found Gold and its Keats Zone discovery that got investors buzzing with a discovery of 25.6 meters grading a stunning 146.2 grams per tonne gold.
New Found Gold’s land position and discoveries catapult the company from a microcap to a valuation over $1 billion.
With that, investors will want to learn names like Lizard Pond and Thwart Island, two of the targets of Gander Gold that have now undergone their first RAB (rotary air blast) drill programs. In a September 21, 2023 news release, the company announced that it had completed its maiden Summer 2023 drill program, with more than 30 holes completed, and investors are now waiting with bated breath for assay results and Phase 2 planning to start defining the possible resources in the ground.
The RAB drilling is part of a systematic approach of gold-finding by legend Shawn Ryan, a key technical advisor to Gander Gold. The company is following Ryan’s playbook that has been responsible for finding multi-millions of ounces of gold on the western side of Canada. Ryan doesn’t believe in drilling the earth into Swiss cheese wildly hunting for resources, he takes a highly technical (e.g., LiDAR and fixed-wing MAG/VLF surveys, ground VLF surveys) and methodical approach before a drill bit (first RAB, then diamond) ever penetrates the ground that has proven remarkably successful and extremely responsible both financially and environmentally.
The Lizard Pond property is approximately 13 kilometers west of Newfound Gold’s Queensway South Project. Newfound Gold has previously reported the presence of visible gold and several significant gold intercepts from diamond drilling in the nearby Eastern Pond area. Sampling and testing by Gander Gold this summer identified a gold-in-soil anomaly at Lizard Pond spanning about one kilometer in potential strike.
The anomaly contained strong Arsenic (As) and Antimony (Sb) association. As and Sb are critical pathfinder elements for gold in Newfoundland. To put it in layman terms, if Gander were a detective looking for a criminal, it found some foot and fingerprints. The anomaly data dovetails with rock geochemistry results in 2022 that returned numerous anomalous gold-in-rock values greater than 0.5 g/t gold (Au) and up to 1.04 g/t Au.
Not one to sit back and wait, Gander Gold’s team is constantly moving forward. With drill results pending from Lizard Pond and Thwart Island, part of its bigger Gander South and BLT projects, respectively, along with pending results from the Gander North Project, Gander Gold is preparing for first-ever drilling at the Goldenrod and Golden Horseshoe zones within its nearby Mount Peyton Project, more exploration work that could lead to Newfoundland’s next big gold find.
—
Gander Gold Corp. (CSE: GAND) (OTCQB: GANDF) Full Corporate Write-Up: Click Here.
—
About AllPennyStocks.com:
AllPennyStocks.com Media, Inc., founded in 1999, is one of North America’s largest and most comprehensive small-cap / penny stock financial portals. With Canadian and U.S. focused penny stock features and content, the site offers information for novice investors to expert traders. Outside of the countless free content available to visitors, AllPennyStocks.com Pro (premium service) caters to traders looking for that trading edge by offering monthly stock picks, daily penny stock to watch trade ideas, market commentary and more.
As a result of its commitment to journalistic excellence and abundance of information in a particular area of equity investing (micro-cap investing) where there aren’t many credible sources of information, AllPennyStocks.com continues to have one of the largest audiences of micro-cap investors on the internet.
Copyright © 2023 AllPennyStocks.com. All rights reserved. Republication or redistribution of AllPennyStocks.com’s content is expressly prohibited without the prior written consent of AllPennyStocks.com. AllPennyStocks.com shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.
AllPennyStocks.com has been compensated seventy-six thousand dollars by a third-party for its efforts in presenting the GAND profile on its web site and distributing it to its database of subscribers as well as other services. For a complete disclaimer, investors are encouraged to click here: https://www.allpennystocks.com/SpotLight/1100/Gander-Gold-Corp.htm
]]>