With Barrick Gold’s (TSX: ABX; NYSE: GOLD) hostile takeover bid for Newmont Mining (NYSE: NEM) and the scrutiny of both companies’ assets in Nevada, Gold Standard Ventures‘ (TSXV: GSV) Railroad project in the state is “increasingly an attractive potential target,” mining analysts at Macquarie Research claim in a recent research note.
“Gold Standard Ventures has the largest undeveloped oxide gold deposit on the Carlin Trend,” the analysts wrote in a Feb. 25 note to clients, stating that it puts the company “firmly on the radar for its +3.6 million oz. Carlin Trend land position in the merger mania context focused on Nevada.”
The company owns a 100% stake in the Railroad project, which makes up part of Gold Standard Ventures’ 18-km-long land position in the gold-rich district.
“We think Gold Standard Ventures is in the early innings of documenting multiple deposits at Railroad,” the analysts forecast.
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