If it looks like a bull market (technical breakout in gold), smells like a bull market (significant negative yielding debt) and feels like a bull market (funds flowing into gold), it must be a bull market. Our analysis shows that equities in smaller sized companies outperform during a bull market. However, not all junior miners are created equal, and we believe there are three keys to picking them.
Impact: Mildly Positive
GT Gold has announced results from 11 drill holes which have expanded both the overall mineralized zone and the high-grade core. As well, near-surface results continue to suggest that a starter pit is likely. As GT continues to aggressively explore Saddle North in 2019, we believe the market is likely to remain focused on this deposit’s potential, positioning share price performance to be driven by exploration success.
Impact: Mildly Positive
GT Gold released assay results from six holes at its 100% owned Saddle North deposit located in BC, which highlight the potential for an initial open pit operation. This would be additive to our block cave only preliminary estimate of a 14.2Moz AuEq resource grading 1.31g/t AuEq. We continue to believe that GT Gold has made an exceptional porphyry gold-copper discovery, which we believe is being ascribed very little value by investors in GT’s current share price.
Impact: Positive
GT Gold has announced a strategic investment by Newmont Goldcorp which endorses our positive view of the Saddle North project. With funding now in-place, GT Gold should be able to aggressively explore Saddle North in 2019. Consequently, the market will again focus on the exploration potential and should result in sector leading share price performance.
Impact: Positive
GT Gold released assay results from hole 109 at their 100% owned Saddle North deposit located in BC, Canada, intersecting an extremely wide 1,150m grading 1.12g/t AuEq from surface. We consequently updated our in-house grade shell model of this deposit. Our preliminary economic estimates suggest that this project is very likely to be an economic mine at some point in the future.
Impact: Positive
GT Gold has announced results from two step-out holes drilled to the southeast and northeast, which intersected wide zones of Au-Cu mineralization and has expanded the mineralized envelope in both directions and at depth. These results demonstrate the size and grade potential of Saddle North and support our view that the company has made a significant porphyry discovery.
Impact: Very Positive
GT Gold has announced two strong drill results from two holes from its Saddle North porphyry target (Au-Cu-Ag). These two step-out holes continue to demonstrate the size and grade potential of Saddle North and support our view that the company has made a significant porphyry discovery.
Impact: Positive
GT Gold has released assay results from the initial eight holes of the company’s 2018 exploration program which is expected to be at least 18,000m of diamond drilling in ~40 holes.