Good Results From Redstar, Gold Standard, Novo And Aton

TM editors' note: This article discusses penny stocks and/or microcaps. Such stocks are easily manipulated; do your own careful due diligence.

As I said in early January, resource exploration companies stop putting out results from the middle of December pretty much until the middle of January knowing that most of their investors are caught up in the hoopla surrounding the holidays. This year results were delayed a little longer than usual due to the inauguration of President Trump on the 20th but good results have been flowing for days now.

Redstar Gold delivered final drill results from their drill program completed in November at the Shumagin gold zone at the Unga project in Alaska with grades as high as 34.5-g/t gold. Redstar is well cashed up and will begin a bigger drill program in the spring. This small drill program has expanded the high-grade resource and is a lot more important technically than the market gave them credit for. Redstar has fallen back to the really cheap area.

Gold Standard continues their usual series of boring but blisteringly rich drill results. On the 23rd of January they announced more results from the North Bullion target of 19.8 meters of 4.4 g/t gold. The company already has a 43-101 resource of over 2 million ounces of gold and growing. On the 19th of January they released results from 15 holes drilled on the North Dark Star and Dark Star zones as high as 24.4 meters of 2.04-g/t au. Hole 33 designed to test the area between North Dark Star and the Main Dark Star returned results of .62 g/t gold over 33.1 meters. That’s very important because it shows the two zones are in fact joined as one deposit.

The Railroad property of Gold Standard is a stone’s throw away from a mine already in production by Newmont Mining called the Emigrant / Rain gold mine. What Gold Standard has already defined in an oxide resource is both higher grade and twice as large as Emigrant. As the price of gold continues to go up, Newmont is going to be looking to expand their operations in Nevada, especially given the more favorable climate under President Trump. Gold Standard will be the first company they buy out. It will be higher than today’s price, perhaps a lot higher.

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