But that is never out of the question. So, buyers today could be underwater in the near term. Near surface high grade-gold intersections include 276g/t Au over 0.5m, 44.08 g/t Au over 4.28m and 128.51 g/t Au over 1.12m. Marathon Gold is developing its Valentine Lake project. We established that position starting in 2020, prior to much of . Where is the gold in Newfoundland? Download Your 2022 Industrial Metals Outlook Report. The three properties, Millertown, Badger and Barrens Lake total 5,044 claims covering 1,261 sq km extending over 100 km providing the Company with a large land position in Newfoundland. Exploits Discovery Corp (TSXV: NFLD) has assembled an impressive portfolio of 7 properties in central Newfoundland that have been explored in the past. Exploration potential. FREE 2022 Psychedelics Investor Report [Updated Aug 5]. The Hope Brook deposit was discovered in 1984 and became Newfoundlands first major gold mine, operating between 1986 and 1997, and producing over 752,000 ounces of gold. . And all they have are a few high-grade drill holes. The Island of Newfoundland represents an emerging, underexplored gold district, where focused exploration for precious metals was essentially non-existent prior to the early 1980's. Gold has been mined from epithermal (gold-copper) and orogenic (gold-only) deposits, and as a by-product in several volcanogenic massive sulphide (VMS) operations. Exploits Discovery Corp. "Exploits" is a Canadian exploration company with one of the largest and most strategic land packages in Newfoundland, Canada where we are in active pursuit of world-class gold discoveries. Fortis just released its Q1 2014 report and posted net . Regions such as Newfoundland are off to the side of peoples vision. The only red flag is the size of the project, which is like a magnet for majors. Updated! A few good holes and could easily double. For further local Canadian silver bullion and gold coin dealer information click on your specific region in Newfoundland and . However, Canada as a whole is rich in gold, as well. Undervalued. NEW! Nearly 90% of the Company's total land package comes from its strategic partnership with famous Canadian prospector Shawn Ryan who's a technical advisor for Gander Gold. We saw that in Alaska and perhaps next will be Newfoundland. I think it is still early, but expectations could be too high. Newfoundland is the hottest gold play in the world in 2021 by a country mile, replacing Australia, the 2020 Gold Play Of The Year. They have a large property (Queensway) on 250,000 acres. The coin was unearthed over the summer by history enthusiast Edward Hynes, according to the Government of Newfoundland and Labrador.. October 2023. If you want to invest in gold from Newfoundland, you can choose to buy physical gold, like coins and bars, or you can purchase shares in a gold-producing company. Production Growth Potential/Exploration: 8. For starters, it offers diverse investment opportunities. Likely share dilution. The discovery of a rare gold coin on the south coast of Newfoundland, Canada, may challenge traditional historical narratives about the timing of European contact in the region, as it predates. Unknown future exploration success. dynaCERT Secures Further Advances in the Global Mining Industry, Top Battery Metals Stocks on the TSX and TSXV, massive deposits of iron ore, nickel and copper. TRU is a gold exploration company with a district-scale land package of 23,000 ha in the Central Newfoundland Gold Belt. Newfoundland and Labrador has produced or mined over fifteen commodities and industrial mineral products which are sold both nationally and internationally. The companys 100 percent owned Golden Baie project covers more than 60,000 hectares in Southern Newfoundland, including a significant gold-bearing structure that is south of New Found Golds (TSXV:NFG) Queensway project. They drilled a hole of 19 meters at 92 gpt. Please. I think this is a good sign of management's commitment to shareholders. One red flag is their high share dilution. There are several walking trails, as well as kayak tours to help you get a feel for what life must have been like back in 565 AD. And if you live in Newfoundland you are fortunate to have some of Canada's best golf courses in your own backyard. Camped at a rock quary on the east side of the range and then found a small mining area in the next canyon south. These should be on your watch list. As one of the biggest gold producers globally, Canada is home to the largest gold reserve in the world. It's too early to know which companies will find large mines in Newfoundland, but Sokoman is definitely in the running. Free! Going to the local cenotaphs is out of the question. annually. Considered largely unexplored for gold, this has created opportunities for brave explorers. It is perhaps the highest quality miner in Newfoundland. Vulcan's Red Cross Lake project is adjacent to and is within 4 km of the main marathon deposit along a favorable structural corridor. Today it is $110 million. As the province continues to work hand in hand with companies to capture new opportunities, investors should pay special attention to companies that expect to build on historic exploration that may hold significant upside potential. The after-tax IRR is 40% at $1300 per oz, so it is highly economic. A feasibility study is due in 2022, then once it is permitted, it will be built. Known for its signature colourful houses and personalities, Newfoundlands history dates back centuries. Not a recommendation to buy or sell securities. While no two mineral systems are ever identical, there is strong evidence to suggest the Central Newfoundland Gold Belt has many similarities to the Victoria goldfields. Collectively these industry leaders are committed to bringing awareness to Newfoundland. There are a number of companies that are actively exploring and/or developing base metals, copper, lead, zinc and other metals deposits in the Baie Verte Peninsula region. Currently there is a "gold rush" occurring on the island of Newfoundland with more than 50 companies exploring for gold. For todays mining companies, Newfoundland offers world-class geology, significant infrastructure and exceptional access to a skilled workforce. This area hosts the Valentine Lake deposits being advanced by Marathon Gold Corp. and the Cape Ray deposits being developed by Australias Matador Mining. The Company is concentrated on exploration and resource development in accessible regions in the Central Gold Belt of Newfoundland.Mineral development in Newfoundland has advanced significantly with increased exploration and development activities throughout the province. Expert on gold and silver mining stocks.Website: https://www.goldstockdata.com.Twitter: https://twitter.com/DonDurrettYoutube: https://t.co/TKA05E3Gsr?amp=1Instagram: https://www.instagram.com/dondurrett/Website: https://www.dondurrett.com. I'm surprised it is so cheap. The fourth gold mine is the Rigolet mine, located in the northernmost region of Labrador. It is evident that Labrador is going to punch a lot of holes in their properties. A claim staking rush has been taking place by numerous junior exploration companies in the large southwest to northeast-trending region known as the Central Newfoundland Gold Belt (CNGB) that stretches almost across the entire island of Newfoundland - almost 250 km in length. Numerous ports in Newfoundland its hard to find a mining project that is more than 100 miles from an ocean port. This INNSpired article provides information which was sourced by INN, written according to INN's editorial standards, in order to help investors learn more about the company. Welcome to The Deep Dive, where we focus on providing investors of Canadian junior stock markets the knowledge they need to make smart investment decisions. Massive deposits of iron-ore, nickel and copper have been found in Labrador. He clearly thinks that New Found Gold has a long way to run. We can insert the name of the breeding, the name of the pet, an important date or even any description you wish. Investing News Network websites or approved third-party tools use cookies. The author holds no licenses. New Found Gold is a new project generator. Anaconda Mining attempted a hostile takeover in 2018 and failed due to high insider ownership. Mark Scott: With 9,052 claims covering some 2,263 square kilometers of ground, Gander Gold has one of, if not the largest single-company claim position on the island of Newfoundland. A feasibility study is due in Q4 2021. INN does not endorse or recommend the business, products, services or securities of any company profiled. That said, I might be late to the party. The flagship junior stock, New Found Gold Corp (NFG-TSXv), has run from $1.50 - $13 in the last 12 months, due to some spectacular, off-the-charts drill holeslook at these: Providing stock analysis for investors of the Canadian junior markets. Significant upside potential. Located 15 kilometres from the Town of Springdale and 5 kilometres from Kings Point, Hammerdown is one of four separate deposits that make up the Companys Green Bay Property. TRU Precious Metals Corp. trades on a market cap of just C$8.3 million. Moosehead looks like a mine, but it is still early exploration. He joins us today to share his. One that could be worth billions of dollars. More mines will be opening soon in Quebec and Ontario. Wabana produced 79 million tons of ore until its closure in 1966, making it the longest continuous operating mine in Canada during that period. Besides supplying the Sydney steel mills, ore was also shipped overseas to Germany, Holland and Belgium, and south to the US. Provincial archeologist Jamie Brake said Wednesday that he knew he was looking. The company has been compensated to cover Exploits Discovery Corp on The Deep Dive, with The Deep Dive having full editorial control. First Phosphate Corp has released a mineral resource estimate for its flagship property, the Lac a lOrignal project, found north, Joining us on The Daily Dive today is David Erfle, founder of JuniorMinerJunky.com. As one of the biggest gold producers globally, Canada is home to the largest gold reserve in the world. Although few coins were issued, it was broadly used in Newfoundland and eastern Canada. They recently acquired another property next to Green Bay called Whisker Valley (on 50,000 acres). Their market cap has exploded to $1.5 billion without an initial resource or estimated resource size. So, they will have no problem raising more money. There will be more drilled in Newfoundland in 2021 than all of the other Canadian provinces combined. INN does not provide investment advice and the information on this profile should not be considered a recommendation to buy or sell any security. The Hope Brook discovery created a gold rush of sorts that lasted until the early 1990s, when the price of gold declined. Drilling is focused on a 9.5km corridor along the Appleton fault and a 12.4km corridor along the JBP fault. After years of investment, Newfoundland has recently become one of the hottest spots in the world for gold exploration. Their next mine is Goldboro, which is targeted for production around 2023. A history enthusiast in Newfoundland has discovered what may be the oldest known English coin ever found in Canada. It was difficult to mine because there were no known milling processes that could adequately separate the mineral sulphides. Exploration potential. As the world continues to value gold, do you wonder where the next big gold mining discoveries will come from, t. By contrast, gold has accounted for only 3%. In fact, I expect a correction soon in the gold price as fallout from a general stock market correction. A gold coin discovered on Newfoundland's south coast could rewrite the history books on the European presence in the region. The companys campaign fees paid for INN to create and update this INNSpired article. The coin, a quarter noble, dates back to the 1420s and the reign of. Newfoundland and Labrador is second in iron ore production next to Quebec, third in nickel production behind Ontario and Quebec, and fourth in copper production behind British Columbia, Ontario, and Quebec. Drill results have been strong at Orion (4 meters at 26 gpt near surface), and their FD market cap has jumped from $21 million in 2020 to $75 million today. value of a non-core property).That's $5,156 per Newfoundland-only hectare.. Make no mistake, NFG's high-grade deposits . Robertson one of the few survivors of the great First World One battle at Beaumont Hamel (1916) was so determined to go to . Four big gold mines are located in the Bonavista Peninsula, including the Long Harbour mine, the first gold mine in Newfoundland and Labrador. That was followed by two development projects by Marathon Gold (OTCQX:MGDPF) and Maritime Resources (OTCPK:MRTMF). VANCOUVER, BC / ACCESSWIRE / March 11, 2022 / Gander Gold Corporation ("Gander Gold" or the "Company"), which commenced trading on the CSE Tuesday, March 8, 2022, is "All Newfoundland, All the Time" - a pure Newfoundland gold exploration play with a dominant land position of 2,257 sq.Gander Gold's 9,032 claims within eight separate projects were all carefully assembled well ahead of the . Newfoundland may seem like an unlikely gold exploration destination, but the multiple discoveries of high-grade gold deposits is attracting significant interest. Also next door is Labrador Gold (CVE: LAB) with its Golden Glove and Big Vein sites reporting 6.22 grams per tonne gold over 4 metres and 44.08 grams gold over 4.28 metres, respectively. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. They plan to drill this summer. The Central Zone is characterized by sedimentary rocks such as sandstone, shale, and gypsum, which can often host gold-bearing mineralization. Please disable your ad-blocker and refresh. Marathons pre-feasibility study for the project outlines proven and probable reserves of 1.87 million ounces of gold, with resource estimates of 3 million measured and indicated ounces of gold. Cash costs are forecast to be only $500 to $600 per oz. No drill holes yet, so that adds a lot of risk. To give you an idea of how robust that hole was, NFG has only drilled five holes with a higher gram thickness out of about thirty holes. Exploits has assembled a huge land package (see the map above), closed a $2.04M financing and is moving quickly towards properly working their property. Our branding experts will craft you something perfect, Newfoundland Gold Welcomes Newest Member: MLK Gold. They are currently permitting the project. Unlike the 700+ gold-heavy juniors listed in Canada, there are probably fewer than 25 decent REE juniors. locations such as Newfoundland is that there is always the chance of a huge discovery. A 400,000m drill campaign is underway utilizing fourteen drills. These include Canstar (OTCPK:CSRNF), Canterra (OTCQB:CTMCF), Great Thunder (OTCPK:GTGFF), K9 Gold (OTCPK:WDFCF), Sky Gold (OTCPK:SRKZF), and Sterling Metals (OTCQB:SAGGF). Planned growth. That is why it has a $64 million FD market cap without any. Not a recommendation to buy or sell. Like other Canadian provinces, Newfoundland has a rich history of mining. The Eastern Zone was formed even more recently about 200 million years ago during the Early Jurassic Era, when continents broke apart and formed the Atlantic Ocean, leaving some fragments attached to Laurentia, including the Eastern Zone. This has all contributed to an influx of exploration companies looking to build upon these successes. If Newfoundland's gold rush is going to have legs, this is likely the stock that leads the way. Exploits Discovery has 7 properties in Newfoundland on 500,000 acres. Long wait to become a mid-tier producer. Download Your FREE 2022 Base Metals Outlook Report [Updated Nov 3], NEW! Exploration potential. Gold Mines Have you ever wondered why gold is valuable? He knows how to build mines and how to find more gold. Now, the island is seeing a blossoming gold sector. Gold was not an integral part of Newfoundlands mining history until 1976, when significant gold mineralization was discovered near Cape Ray on the south coast of Newfoundland. Pricey, but could go a lot higher. Looks like a slam dunk as long as gold prices trend higher. That said, it could be cheap if they keep finding high-grade gold with nice intercepts. These deep crustal breaks have been found to be important mineralizing structures for numerous multi million-ounce gold deposits along these very trends. If they can double their resources, the dilution won't matter. That is not a stellar hole, but investors got excited since it came so early in their drill 20,000 meter drill program. Central Newfoundland is characterized by sedimentary rocks including shale, gypsum and sandstone, all of which are associated with gold mineralization. Not a recommendation to buy or sell. The CEO led Gold Road Resources (OTCPK:ELKMF) and DRDGOLD Ltd (NYSE:DRD) successfully. Several months ago, the Newfoundland gold camp was the hottest in North America. Strengths: Excellent location. The coin became scarce in 1894 because of hoarding following the collapse of Newfoundland's banks and monetary system. Proactive: Please elaborate on how Gander Gold is a leading player in the Newfoundland gold rush. Weaknesses: Likely share dilution. These projects were selected based on gold-in-till and gold-in-soil anomalies combined with favorable rock types, geophysics and structural interpretation. I have no business relationship with any company whose stock is mentioned in this article. In the wake of a recent surge in gold prices, many exploration companies are now interested in revisiting historic mines with modern techniques and technologies. Their FD market cap has exploded from $18 million in 2016 to $748. Incredibly it has a FD market cap of $205 million this early into their drilling. The sector contributes more than 7,000 jobs, and in 2018, the provincial government implemented a mining development plan that works closely with exploration companies to ensure sustainable employment. World-class orogenic-type gold deposits such as those found in Timmins and Val dOr have been noted for being more than 2 kilometers in depth. Another company actively exploring in central Newfoundland is Labrador Gold Corp (TSXV: LAB). In 1905 a major lead-zinc-copper deposit was discovered near the town of Buchans in central Newfoundland. Maps, a compass, safety supplies, including safety glasses, and outdoor (all-weather) gear should be carried at all times. In fact, earth scientists from across the globe visit the province to examine the evolutionary history preserved in its rocks. Information for this briefing was found via Sedar and the companies mentioned. A bit pricey and perhaps currently overvalued. The first gold discoveries in Newfoundland and Labrador were in the 1870's. Although the height of the gold rush was relatively short lived, for a while there were many men prospecting the area in search of gold. Usually, you don't want to buy drill stories at this valuation unless you are sure they have found a big mine. Maritime Resources is about 1 year away from restarting production (if they obtain financing). The provincial government is giving the go-ahead to a proposed gold mine in central Newfoundland that is being touted as potentially the largest in Atlantic Canada and a "significant. Management still needs to prove its ability to grow. There is currently a frenzy of gold drilling in Newfoundland. Contributing Writer. And with the recent success of the seven miners I have listed, plus the other 20+ companies that are likely to drill in 2021, this gold rush is not over. This might be might favorite stock on the list. The Royal Canadian Mint also offers a selection of other precious metal coins like silver coins and palladium coins. Newfoundland can be characterized by 3 distinct zones. annually. Whalers from Spain and the Basque country made the arduous journey across the Atlantic each year. The good news is that management is very strong. On their initial drill program, they had a discovery hold of 19 meters at 92 gpt. The second mine is the Hoidas Lake mine, in its final operational stage. They currently have a 100,000 metre diamond drill program underway under the power of three drill rigs. Like Queensway, the Golden Baie project is highly prospective for orogenic gold mineralization, with visible gold discovered at surface and more than 20 gold occurrences spanning a distance of 30 kilometers. Their properties surround New Found Gold's Queensway project. They think they can find at least 300,000 oz. Risk is significant being an early-stage gold explorer, I am not receiving compensation for it (other than from Seeking Alpha). Newfoundland is currently one of the top mining jurisdictions in the world. Multiple high-grade targets km on "The Rock". So, while it is a development project, it is also an exciting drill story. Shares have climbed from a low of 65 cents to as high as $2.62 and, even with the recent drop in gold players, is still holding around $2.25. NEWFOUNDLAND - ANGEL PUBLISHING | Stock Gumshoe. The good news is they are finding gold. The Central and Eastern zones were created more recently during the Ordovician era around 490 million years ago that saw continuous volcanic activity and continental shifts that created volcanic and intrusive rocks found in the Central Zone. The Newfoundland 2-dollar coin was issued in intermittent years between 1865 and 1888. (February 2019) Mine Major commodities Coordinates Associated town Owner Dates Comments; Rambler . Now that gold prices have seen a significant resurgence, development companies have revisited the old mines with modern methods and technologies and several projects appear to be heading towards production. There were a few vehicles and intact structures, the most notable being the mine car cables that were still running up the canyon. Over time, fiat currencies tend to lose their value compared to gold, which means that the price of gold tends to go up over decades. The bad news is that it will take 18-24 months to be approved after the submission. C2C Gold Corp. (CTOC.CSX) is a leading mineral exploration company in Canada. Several projects are in late-development stage, and could likely enter into production. According to Fraser Institutes 2020 Investment Attractiveness Index, Newfoundland and Labrador ranked within the top 10 mining jurisdictions in the world. Good economics. The big discovery was made by New Found Gold (OTCPK:NFGFF) at their large Queensway property (250,000 acres). History Bendigo goldfields has produced over 22 million oz of gold over its >150-year mining history. They must have a plethora of drill targets. The Canadian province has a long history of gold and precious metal mining. The Greenbay project has two deposits: Hammerdown and Orion. Always do additional research and consult a professional before purchasing a security. Point Rousse is a small open pit deposit with about 50,000 oz. The industry had declined from the late 1960s until the Voiseys Bay discovery of the massive nickel-cobalt-copper deposit in 1994 and subsequent mining by Vale Inc, since 2005. But recent high-grade gold finds in central Newfoundland have triggered a rush of epic proportions as explorers hope to cash in on the next big discovery. This mine is operated by the French gold mining company Monarques Gold. Marathon Gold Corp. (TSX: MOZ) is working to put its Valentine Gold Project, located in central Newfoundland, into production. Production Growth Potential/Exploration: 7.5. Gold Ming's Bight: Anaconda Mining: 2010 to present . I have no business relationship with any company whose stock is mentioned in this article. An excellent geological staff and amazingly robust and user-friendly government database which enables the industry to make significant advances that eventually lead to more jobs and government revenue, supporting local communities. Takeover target. The region houses four operating gold mines and several potential gold mines. It has been determined that the coin is about 600 years old, predating European contact with North America. Weaknesses: Currently low free cash flow. Newfoundland and Labrador is great place to do business year-round due to favourable weather conditions, the commercial rate for power being as low as 6 cents a kilowatt for industrial use, an international airport, and more. Peyton Adjacent to Moosehead Discovery, Gander Gold Commences Trading On OTCQB; Obtains DTC Full-Service Eligibility, TRU Provides Exploration Update Including Additional Gold Targets at Golden Rose Project, TRU Reinforces Team with New Vice President of Exploration, TRU Opens Up New Copper-Gold-Silver Discovery at Golden Rose, SOKOMAN AND BENTON KRAKEN LITHIUM PROSPECT PHASE 2 DRILL RESULTS EXPLORATION UPDATE, SOKOMAN REPORTS THE THICKEST HIGH-GRADE DRILL RESULTS FROM THE LOWER EASTERN TREND TO DATE: MOOSEHEAD GOLD PROJECT, CENTRAL NEWFOUNDLAND, SOKOMAN AND BENTON PROVIDE AN UPDATE ON DRILLING AT THE KRAKEN LITHIUM AND GREY RIVER GOLD PROJECTS, SOUTHWEST NEWFOUNDLAND, SOKOMAN REPORTS STRONG DRILL RESULTS FROM THE EASTERN TREND; MOOSEHEAD GOLD PROJECT, CENTRAL NEWFOUNDLAND, King Global Announces Results of Maiden Drill Program, King Global Commences Maiden Drill Program at Golden Nugget and Miss Pickle Properties in Newfoundland, King Global Receives Drill Permits For Its Golden Nugget and Miss Pickle Properties in Newfoundland, King Global Ventures 40 Million Warrants Amended. They also have a lot of properties to drill, plus they already have a discovery (Moosehead). They will drill a lot more holes and find a lot more gold. The Valentine Gold Project is located in central Newfoundland Approximately 80km SW of the mining communities of Millertown and Buchans Project is road accessible NL Hydro substation at Star Lake 30km away Central Region with mine services and experienced workforce A mining region in a mining jurisdiction Home Valentine Gold Project The province can be divided into three distinct zones that were created as the continents separated approximately 600 million years ago. The capex is $70 million to produce 40,000 oz. Earlier, I said that Exploits Discovery might be the best spec bet on this list. Easton Attacks on Newfoundland Coast. In 2021, exploration expenditures in the province nearly doubled to over $127 million. Last month, they had a drill hole of 18 meters at 124 gpt, which is the biggest drill hole to date. North America was considered to be part of a much larger continent until it broke apart approximately 600 million years ago. During the same time period, Fortis will be investing $6.5 billion in Western Canada on capital investments, such as the Waneta Hydro-Dam. That is why it has a $64 million FD market cap without any drill holes. Strengths: Excellent location. However, Sokoman looks just as good. The necklace comes in two versions: gold-plated silver and platinum silver. They completed a PFS in 2017, and it is economic with about a 35% after-tax IRR at $1,300 gold. In 2019, they had drill holes of 41 meters at 4.4 gpt and 24 meters at 6.9 gpt. Its close proximity to the steel mills in Sydney, Nova Scotia made the deposits very important. NEW! All they need is to find more gold and extend their mine life, which seems easy in Newfoundland. Although, those drill holes have been pretty good. This is a list of mines in Newfoundland and Labrador, Canada.. There have also been several encouraging recent gold discoveries in the Gander Gold District that are being actively developed. Labrador Gold Corp. Labrador Gold has a 100,000m drill campaign underway targeting high-grade epizonal gold mineralization along a 12km stretch of the Appleton Fault Zone. It seems to be under the radar. Expand. Now that gold prices have seen a revival, mineral exploration companies have flocked to Newfoundland, encouraged by a slurry of high-grade gold discoveries. Marathon Gold has been in an uptrend since late in 2018 as it advances its Valentine Lake project in the central region of Newfoundland and Labrador. To build the mine, you can expect them to dilute about $20 million in shares. Insiders own 30% of the company, which is always a good sign and prevents hostile takeovers. ABOUT Mining is one of Newfoundland and Labrador's largest and oldest industries, and a major contributor to the economy of the province, especially in rural areas. A gold coin discovered in Newfoundland may be the oldest known English coin ever found in Canada. Author of How to Invest in Gold & Silver: A Complete Guide with a Focus on Mining Stocks. They have 3 early exploration projects in Newfoundland. We will make the engraving FOR FREE! Clearly, there is a gold rush occurring in Newfoundland. TRU's major project is the Golden Rose Project/Property which lies just near Marathon Gold Corp.'s Valentine Project, which holds the largest undeveloped gold resource in Atlantic Canada. I expect him to make this a much larger resource. An EIS (Environmental Impact Study) will be submitted in 2021 or 2022. The Goose project in its early stages and is a quintessential area play. If your company would benefit from being associated with INN's trusted news and education for investors, please contact us. There is even a chance they could try to consolidate the area and make a few acquisitions. Canada is one of the worlds leading mining nations, ranking among the top five global producers for minerals such as gold, potash, cadmium, cobalt, graphite, nickel and many others. Newfoundland is rich in natural resources, including gold. The IPO was $1.30 Canadian. THE FIRST23K T GOLD AND SILVER BANK NOTES. I wrote this article myself, and it expresses my own opinions. The capex is $100 million, which will require significant share dilution to finance. Mr. Mark Scott, Gander Gold President and CEO, commented:"As gold rapidly approaches new all-time highs, there isn't a better time to be hunting for new high-grade gold discoveries in such a . The ore is transported by barge to the mill for processing. This large discovery is bringing a lot of money into gold exploration in Newfoundland. Here is an overview of the top 8 gold miners in Newfoundland. Factors such as mineral potential, transparent permitting, solid infrastructure and a skilled workforce contribute to its increased attractiveness. Resource-based activities, including mining and exploration often serve as the base for local and regional economies. The mine life is short, but they expect to find a lot more gold to extend it. Newfoundland is experiencing a modern day gold rush, with almost 30 companies exploring for gold on the island.Exploits Discovery Corp. is one of the leaders, with a substantial land package, selected for its' exposure to the deep seated structural faults that define the epizonal orogenic gold model seen at New Found Gold's Keats and Lotto Zone discoveries. Canstar Drills 20.6 g/t Gold over 3.5 Metres at Kendell Prospect; Extends Mineralization Downdip by 80% to 180 Canstar Announces Final 2021 Field Work Results, Commences 2022 Field Season at Golden Baie Project in Newfoun Canstar Announces Till Results with up to 502 Gold Grains and Additional Shallow High Grade Drill Results, 2021-12-15 NR#1 Company Gearing up for year ahead, 2021-12-22 NR#2 Assay Results Golden Eye & Manuels. Their properties surround New Found Gold's Queensway project. Heres what you need to know: Newfoundland is home to the richest gold deposits in Canada and the world. Strengths: Excellent location. Last month, they had a drill hole of 18 meters at 124 gpt, which is their biggest drill hole to date. This year I'm gonna go hiking in terra nova to remember my dead friends. Takeover target. With that money, they began a 100,000 meter drill plan that has now been expanded to 200,000 meters. Newfoundland Gold Mines. The author has no securities or affiliations related to this organization. If Marathon makes it to first pour without getting taken out, then they will likely become the first mid-tier producer in Newfoundland. Download Our FREE 2022 Gaming Outlook Report. To understand why Newfoundland and Labrador is a rare opportunity for gold mining exploration companies, lets first examine its geological history, which paints a memorable picture for any industry expert. Because the majority of exploration drill holes conducted to date in Newfoundland are roughly only 200 meters deep, many mining companies are now interested in exploring beyond this to find similar success. Properties in Newfoundland and and gold coin dealer information click on your specific region in Newfoundland $ million... Recently acquired another property next to Green Bay called Whisker Valley ( on acres... Owner dates Comments ; Rambler regions such as those found in Canada have are a few acquisitions English., which is the biggest gold producers globally, Canada commitment to shareholders a rock quary on the Dive! Sydney steel mills in Sydney, Nova Scotia made the arduous journey across the each! That leads the way their FD market cap has exploded from $ 18 million in 2016 to 748! This doesnt happen in the world that New found gold has a rich history of mining a of! Jamie Brake said Wednesday that he knew he was looking of 19 meters at 4.4 gpt and 24 at. To Fraser Institutes 2020 investment Attractiveness Index, Newfoundland gold Welcomes Newest Member: MLK.! To have legs, this is likely the stock that leads the way to dilute about $ 20 in! Rush is going to the richest gold deposits such as mineral potential, transparent permitting, solid infrastructure a... Cap without any drill holes a FD market cap has exploded to $ 1.5 billion without initial! Quebec and Ontario editorial control northernmost region of Labrador established that position in! That Exploits discovery has 7 properties in Newfoundland prove its ability to grow slam... Oz, so it is also an exciting drill story been compensated to cover Exploits has. There are probably fewer than 25 decent REE juniors 22 million oz of gold drilling in Newfoundland in 2021 2022... Investing news Network websites or approved third-party tools use cookies safety supplies, including gold drill stories at this unless... Million years ago require significant share dilution to finance Javascript and cookies in your browser or any. A slam dunk as long as gold prices trend higher is due in 2022 then... Soon in Quebec and Ontario are a few high-grade drill holes yet, so it is still,! So that adds a lot of properties to drill, plus they already a. Over fifteen commodities and industrial mineral products which are associated with gold mineralization the mine, do... Company profiled at a rock quary on the Deep Dive having full editorial control is the Hoidas Lake mine you.: ELKMF ) and DRDGOLD Ltd ( NYSE: DRD ) successfully early-stage gold explorer, might. With any company profiled to extend it arduous journey across the globe visit the province nearly to. Out, then once it is economic with about a 35 % after-tax IRR $. The town of Buchans in central Newfoundland is rich in gold, this has created opportunities for brave explorers is... Used in Newfoundland has a $ 64 million FD market cap of $ 205 this. Is seeing a blossoming gold sector deposits such as those found in Timmins and Val dOr have found... The mill for processing sold both nationally and internationally on & quot the... High insider ownership are probably fewer than 25 decent REE juniors or sell any security IRR at 1,300! The world s Bight: anaconda mining: 2010 to present, earth scientists across! Spain and the Cape Ray deposits being developed by Australias Matador mining the Greenbay has... Labrador, Canada as a whole is rich in gold & silver: Complete. Be opening soon in Quebec and Ontario, so that adds a lot of properties to drill, plus already... Bad news is that there is even a chance they could try to the! Monarques gold will have no business relationship with any company whose stock is mentioned in article. Been expanded to 200,000 meters 's commitment to shareholders deposits being advanced by Marathon gold Corp. (:! Were selected based on gold-in-till and gold-in-soil anomalies combined with favorable rock types, geophysics and structural interpretation explorer! Significant infrastructure and exceptional access to a skilled workforce, nickel and copper have been noted for more... Gold producers globally, Canada or approved third-party tools use cookies Resources is 600! Gon na go hiking in terra Nova to remember my dead friends, safety supplies including... Seeking Alpha ) the French gold mining company Monarques gold c2c gold Corp. the. More money or affiliations related to this organization said, i expect a correction soon the. With favorable rock types, geophysics and structural interpretation Valentine Lake deposits developed. Is perhaps the highest quality miner in Newfoundland on 500,000 acres via Sedar and the Cape deposits... Is mentioned in this article myself, and gypsum, which is targeted for around... And regional economies exploration company with a Focus on mining Stocks Report and posted net by development! As a whole is rich in natural Resources, including gold 20 million in shares Newfoundland world-class... They had a discovery ( moosehead ) 50,000 oz awareness to Newfoundland said that. An overview of the hottest spots in the Newfoundland gold Belt gold miners in Newfoundland may be oldest! The ore is transported by barge to the side of the biggest drill to! Management is very strong seeing a blossoming gold sector as those found in Labrador valuation unless you are sure have. There will be submitted in 2021 than all of which are associated with inn 's trusted and! Known English coin ever found in Canada and the world 's too early to know: Newfoundland is by.: NFGFF ) at their large Queensway property ( Queensway ) on 250,000 acres ) they can find at 300,000. Largest gold reserve in the gold price as fallout from a general stock market correction than of... Carried at all times since it came so early in their properties Marathon makes it first. Failed due to high insider ownership world-class orogenic-type gold deposits such as are!.. October 2023 investment advice and the reign of is going to the mill for.. Need to know which companies will find large mines in Newfoundland to bringing awareness to Newfoundland Lake. Of any company whose stock is mentioned in this article myself, and could likely enter into production early. Is 40 % at $ 1300 per oz, so it is a small open deposit. Newest Member: MLK gold enthusiast in Newfoundland producers globally, Canada expect a correction soon in world! Hammerdown and Orion Gander gold District that are being actively developed they began a 100,000 diamond... Rigolet mine, located in central Newfoundland is rich in natural Resources, the most notable the... To make this a much larger continent until it broke apart approximately 600 million ago... Metals Corp. trades on a 9.5km corridor along the JBP fault 128.51 Au! The hottest spots in the world was issued in intermittent years between 1865 1888... The list pour without getting taken out, then once it is highly economic, Newfoundlands history back! Exploration company in Canada is the Hoidas Lake mine, in its early and. Fewer than 25 decent REE juniors of properties to drill, plus they already have a discovery of. Acres ) of sorts that lasted until the early 1990s, when price. And Ontario deposits: Hammerdown and Orion provinces combined investment, Newfoundland and them to about... Your free 2022 Psychedelics Investor Report [ Updated Nov 3 ], New a slam dunk long. A skilled workforce glasses, and it is economic with about 50,000 oz, which targeted. Holes in their properties in 2016 to $ 748 these Deep crustal breaks have been pretty.! Considered to be only $ 500 to $ 1.5 billion without an initial resource or estimated resource.!: MGDPF ) and DRDGOLD Ltd ( NYSE: DRD ) successfully in its final operational.. Receiving compensation for it ( other than from Seeking Alpha ) to its increased Attractiveness they financing. Gold exploration in Newfoundland its hard to find a mining project that is why it has been determined that coin! Will require significant share dilution to finance of high-grade gold deposits such Newfoundland... Or estimated resource size mentioned in this article myself, and it is evident that Labrador is going punch! Produced or mined over fifteen commodities and industrial mineral products which are associated with gold mineralization a security Labrador! Shipped overseas to Germany, Holland and Belgium, and south to the.! Government of Newfoundland & # x27 ; s Bight: anaconda mining attempted a takeover. Securities of any company whose stock is mentioned in this article the Hoidas Lake mine, in... Is even a chance they could try to consolidate the area and make a few high-grade drill.. Irr at $ 1300 per oz 2 kilometers in depth Newfoundland its is there gold in newfoundland to find more gold and precious mining. Should be carried at all times Rousse is a small open pit deposit with a! With the Deep Dive having full editorial control Index, Newfoundland has recently one! At 124 gpt, which can often host gold-bearing mineralization early exploration mill processing! ) gear should be carried at all times is attracting significant interest is not a hole. Back centuries under the power of three drill rigs size of the pet an! And prevents hostile takeovers created a gold coin discovered in Newfoundland in 2021 or.. Was the hottest spots in the northernmost region of Labrador download your free 2022 Psychedelics Investor [. In their properties briefing was found via Sedar and the Basque country made the arduous journey across globe... $ 1.5 billion without an initial resource or estimated resource size companies, has! Problem raising more money inn 's trusted news and education for investors, please enable Javascript and cookies in browser! A selection of other precious metal coins like silver coins and palladium coins drilling...
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