Guest post:
Shotgun Gold: The Pitch for Elevation to Climb a Huge Wall of Worry.
FOMO is driving everything in the markets these days. Now you can start chasing Gold as well. Gold mining stocks are waiting for another confirmation of the inflation impulse to drive them over a huge wall of worry.
Chart by Otavio Costa
Gold and silver miners are hitting another major oversold condition in the marketplace.
Do not miss the wake-up call when Gold will be hitting the next all-time high coming out of this very powerful Cup-and-Handle formation.
TNR Gold shareholder NovaGold is putting the Peak Gold situation into perspective after reporting another set of great exploration results at the Donlin Gold Project in Alaska. Barrick Gold CEO is talking about "unlocking the tremendous potential of Donlin Gold" and it is time for us to discuss the value proposition of Shotgun Gold. Smart money is accumulating the best Gold Stories to climb over a huge wall of worry following another major leg up for this Gold Bull Market propelled by the surge of inflation.
My belief is TNR's Shotgun Gold Project can potentially grow and become a foremost, immediate satellite site Gold deposit to Donlin Gold's Mining Camp infrastructure. This vision is based on our exploration work and academic studies like the ones from Dr Tim Baker in which Shotgun Gold Project is not only listed alongside Donlin Creek as one of the "Major Porphyry Gold Deposits" but is also projected to contain the similar porphyry intrusion-related type system as Donlin.
Kirill Klip, Executive Chairman
TNR Gold Corp.
Shotgun Gold is a Project located in South West Alaska, USA, in the same regional area as Novagold’s Donlin Gold Project.
Lang’s & Baker’s 2001 academic study specifically identifies both projects as ‘major porphyry granite related gold deposits’ that are related to a widespread magmatic gold mineralising event. Riveting stuff. What it implies in layman’s terms is that both projects arose from the same geological kitchen sink, leading one to the supposition that they should both possess similar favourable geological properties.
To that effect, Shotgun’s general mineralisation style resembles the neighbouring Donlin Gold project. For instance, Shotgun’s particular intrusion is associated with 69.7Ma magmatism while Donlin Gold holds 70ma magmatism.
Shotgun’s particular boon is in the details. Shotgun’s mineralisation has been identified to possess little-to-no ‘nugget effect’. A high ‘nugget effect’ means high variability between samples that are closely spaced. ‘No nugget effect’ implies tight-fisted uniform mineralisation of a bulk tonnage gold system. There’s no need to dig up empty rock space so the stripping ratio for any potential mine will be low, keeping costs way down.
What’s more, when a system’s topographical layout lines up neatly at the top of a ridge-like Shotgun’s does, it means the extraction of resource systems in similar conditions is very efficient - there is no need to remove layers of empty waste rock by tentatively stripping the ridge. Instead, one decisively takes the top of the hill in its entirety. Shotgun’s targeted bulk tonnage gold system runs from the very surface down to *at least* a depth of 150m (Open). ‘Open’ means exploration to date has not identified the end of the mineralization from the drilling performed so far.
For the Shotgun Gold Project, Shotgun Ridge is just one of the multiple gold target areas controlled by TNR Gold. ‘Shot’, ‘King’ and ‘Winchester’ add to the collection to form a distinct district with five (5) separate gold exploration targets identified so far.
The Company is actively introducing Shotgun Gold to potential partners to decisively drill the entirety of these prospects. The objective of such a partnership would be to expand the known area of mineralisation, define new mineralised areas and conclusively assess the Project’s potential top-end valuation.
“We need to bring US$10mln in to drill the project very strongly,” says TNR Gold Executive Chairman Kirill Klip. “The first US$5mln to take the project from the current 700,000-ounce resource up to the two million ounce mark, the rest to drill out five nearby targets. There’s no reason to suppose that our ground cannot hold multiple mineralised systems.”
Please read my legal disclaimer. There is NO investment advice on any Kirill Klip feeds and blogs. Always consult a qualified financial adviser before any investment decisions.
Do Your Own Research.
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