Gold hit a high of US$1,061/oz on the LME on Oct. 20, 2009. Although it has backed off since then, falling toward US$1,025 as the end of the month drew near, it remains strong.
The Aden sisters are again on the bandwagon. They recently offered two scenarios, one that would see gold reach US$4,100/oz and a second that would put it at US$5,800 during the next market run-up. Those are heady numbers, indeed!
To spur exploration activity, there is nothing like the promise of rising gold prices.
Prospectors and juniors are busy across the country, with the possible exceptions of Alberta, Nova Scotia and Prince Edward Island. Predictably, many are looking in areas of past production of which there are many in Canada.
Over the past few weeks the news of such projects has increased in volume, far outnumbering news from the hunt for other commodities. Let's take a brief look at some of them.
183.5 g/t grab sample
59.4 g/t over 7.0 m
6.1 g/t over 42.4 m, incl. 13.0 & 19.5 g/t over 11.9 m
U/G exploration drift begun
44.75 g/t over 12.8 m
24.6 g/t over 10.3 m. New 43-101 planned
24 g/t grab sample
Thunder & Lightning
6.62 g/t over 10 m, incl. 112 g/t over 0.3 m
5.39 g/t over 2.0 m.
25.5 g/t grab sample
9.41 to 99.6 g/t grab samples
28.6 g/t over 1.18 m
5.2 g/t over 2.0 m
10.7 g/t over 70.9 m, incl. 19.0 g/t over 38.7 m
12.97 g/t over 3.0 m
720 g/t grab sample
23.4 g/t over 1.1 m & 1.5 g/t over 27.6 m
8.35 g/t over 2.2 m in drift
New discovery: 8.6 g/t over 15 m
10.1 g/t over 2.8 m
Premier Gold Mines
49.81 g/t over 6.0 m, incl. 291 g/t over 1.5 m
16.68 g/t over 9.3 m & 11.39 g/t over 5.5 m
3.1 g/t over 57.7 m & 5.9 g/t over 11.8 m
4.73 g/t grab sample
80.7 g/t over 0.7 m & 457.4 g/t over 0.5 m
New discovery: 86.1 g/t over 2.7 m, incl. 208.2 g/t over 0.9 m
10.3 g/t over 1.5 m & 2.0 g/t over 9.0 m
2.43 g/t over 29 m
37.3, 53.9 & 85.6 g/t grab samples
13.12 g/t over 10.0 m, incl. 38.88 g/t over 2.0 metres
3.68 g/t Au over 91.3 m
1,390 g/t over 0.9 m
Every company on this long, but far from complete list, deserves praise. The gold is out there, and they have found the money to look for it. Hopefully, this is the beginning of more accessible capital for juniors.