Gold In The USA, Alaskan Elephant Country: "NovaGold And Barrick Are Praising The Results From Donlin Gold’s Most Ambitious Drilling Project To Date".

I would like to share with you today a few very important confirmations which we observed this week. Gold continues to act as The Ultimate Hedge during all market turmoils and is holding well above $1,922 with a weekly close at $1,935. 

Chart by @Northst18363337

Gold is building a huge Cup and Handle formation above the previous all-time high reached at $1,922 in 2011. FED is pushing its inflation switch ON and help us God when they will succeed pushing us all from the cliff with inflation accelerating above the "average 2%".

Another important observation will be that even the best trees are not growing straight up into the sky. Tesla served shorts roasted and delivered quite a few moments of bliss to all engaged before its stock started pulling back this week. 

Please do not miss a truly tectonic shift in the auto industry happening behind all this drama entertained by the bored with all-time highs Mr Market. Elon Musk's visit to Volkswagen and test driving of VW ID electric cars will signify this life after death experience for all legacy automakers. 

The message from Tesla Gigafactory 4 in the very heart of the motherland for iconic legacy auto brands is loud and clear: change or die altogether in the fumes of your DIEselGate. 

And the most important for us here is another confirmation from the great state of Alaska delivered by Alaska Public Media:

"In recent earnings calls, the two Canadian companies developing the Donlin mine, NovaGold and Barrick, are praising the results from Donlin Gold’s most ambitious drilling project to date. Melanie Hennessy, NovaGold’s vice president of corporate communications, said that it shows that both companies are serious about the mine’s potential.

“There is alignment between both companies on the direction and continuing focus on advancement of Donlin Gold,” said Hennessy.

In an earnings call back in March, Barrick Gold CEO Mark Bristow said that the Donlin Gold mine did not meet its criteria to build in its 10 year plan. In May, a short selling financial research firm cited Barrick’s hesitation in a report that shed doubt on the future of the mine. 

Now, a few months later, Barrick and Novagold appear pleased with the results from the drilling program so far, according to a transcript from Barrick Gold’s latest earnings call.

Barrick Gold CEO Mark Bristow told investors, “It’s a key project for Barrick, and very valuable today.”

"But back to Barrick Gold and why "Investors are coming home", as Thomas Kaplan, Chairman of NovaGold put it? We have Peak Gold. Gold miners need new new “Elephant” projects to replenish the declining resource base. They need new giant projects just to keep Gold production at the same annual rate. 

In his recent interview on CNBC, Mark Bristow has acknowledged that even if the Barrick Gold’s official Gold price is still $1,200 for all planning purposes, “they are using now $1,500 as the indication for a mid-term time horizon.” It will not escape your attention that nobody will be buying out Barrick Gold, probably, this year, but they will have to buy themselves something big and promising. Who will be talking the Gold price up going into the M&A market as the buyer? All recent developments around NovaGold, which we have discussed in great detail with you here, are pointing us to the brave scientific question for a pure curiosity pleasure at this stage. Who will buy NovaGold first in the fight for the solid lead as the number 1 Gold mining company in the world? Will it be Newmont Mining or will Mark Bristow conclude the “unfinished business” of the previous unsuccessful buy out attempt and will finally bring Donlin Gold “back home”? In the world moving super crazy fast into the $3,000 Gold as a new normal, for me, this is just a question of time now. Nor Barrick Gold neither Newmont Mining can afford to lose Donlin Gold to each other without a walk over effectively from the race for the crown of the world’s top Gold miner." 

Mark Bristow: "Donlin Gold Is A Key Project For Barrick". Gold In The USA, The Alaskan Elephant Country: TNR Gold Shotgun Gold Project Presentation.

Joe Rogan, Elon Musk, Pyramids and mushroom trips nailed the local top for our young Gold Bull market at $2,078. The correction was fast and furious with Gold hitting a low of $1,870 this night. Now it is already snapping back and trading at $1,930. Let's see how really strong is this young Gold Bull. We are moving into a huge Cup and Handle formation with the handle to be built around $1,920 - the previous all-time high in 2011.

On a serious note, 'they' cannot afford Gold and aliens in one article. The system will blow up. Be ready.

For all people who prefer the more tangible news for the real hard assets, Mark Bristow confirms that Donlin Gold JV project with NovaGold in Alaska is currently a key project for Barrick Gold. You already know our strategy: to find all Gold that we have with a very strong strategic partner who has the capital and knows how to find it all in Alaska. NovaGold holds a stake in our Company and we are ready now for a major Gold mining company level due diligence with our freshly printed maps with Shotgun Gold mining claims in the great state of Alaska.

“The times in which we find ourselves bring the mining industry face to face with some particular challenges, but it is within which lies the opportunity of embracing gold’s unique value through which it reminds us of its ultimate purpose; its solid, dependable reliability throughout uncertain times that makes it such an ultimate hedge. TNR Gold’s strategy with the Shotgun Gold Project is to attract a partnership with one of the major gold mining companies. The Company is actively introducing the project to interested parties,” commented Kirill Klip, Executive Chairman of TNR. “We may be at the beginning of a great discovery. There is a clear path on how to move this project forward using the geological and geophysical research currently available to target drilling to expand the resource and form the basis of a preliminary economic analysis. The next step is to acquire a partner that shares our vision and recognizes the growth potential and value to be added to the Shotgun project over time.”

Kirill Klip continued, “We are building the green energy metals and gold company. Energy rEVolution requires secure supply lines of the critical strategic metals like copper and lithium. Our forward-thinking approach allows us to integrate our company into the international capital markets and mining industry in order to accelerate the development of Shotgun Gold Project and extend our royalty portfolio in Green Energy Metals, potentially adding to our core royalty holdings on the Los Azules Copper Project with McEwen Mining and the Mariana Lithium Project under the management of Ganfeng Lithium.” 

TNR Gold Shotgun Gold Project Presentation from Kirill Klip

Please visit the TNR Gold website for all updated presentations.

Please always read legal disclaimer. There is NO investment advice on any Kirill Klip feeds and blog. Always consult a qualified financial adviser before any investment decisions. 

Do Your Own Research.