Three Buying Opportunities In A Resurgent Gold Market

As the excitement died down many players left the territory, but some stayed. One was Victoria Gold Corp. (VIT:TSX.V) (VITFF), advancing its Dublin Gulch gold project. Victoria was ramping up to start building a mine at Dublin Gulch when the bear market began and so the project has essentially been on hold since then.

On hold. . .but still advancing. The team earned all necessary permits, which is very significant. They probed a new zone, called Olive, that just might have what it takes to become a higher-grade starter pit. They rejected many a financing offer, protecting their share structure, until recently bringing Sun Valley on board with a $24 million raise.

Dublin Gulch has got to be one of—if not the—only fully permitted, development-ready gold project in the world in a stable, supportive jurisdiction. Victoria Gold's share price is reacting as though a bid is coming. I wouldn't be surprised to see one.

Another company that is advancing is Gold Standard Ventures Corp. (GSV:TSX.V; GSV:NYSE). It recently kicked off a 43,000-meter drill program in Nevada and already announced first results at the Railroad-Pinion project. First to emerge from the effort were a series of new targets identified through a geophysical survey called controlled-source audio magneto-telluric (CSAMT).

Gold Standard ran the CSAMT survey over the Dark Star corridor, which hosts the North Dark Star discovery and the Dark Star resource. The goal was to better map the bounding faults within the corridor and thus better track the favorable carbonate rocks.

The reason is that gold in this area of the Carlin Trend occurs when a particular set of circumstances are met. At North Dark Star and Dark Star, the gold sits within an uplifted block of Pennsylvanian-Permian carbonate host rocks in the footwall near a normal fault.

The CSAMT survey found what Gold Standard was seeking: a north-striking normal fault wherein Pennsylvanian-Permian rocks form the footwall against volcanic rocks to the east. In other words, the target is precisely what GSV thought it was.

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