$GLDN a promising junior miner
$GLDN recently announced decent drill results from the Eagle, Pinnacle, Turpin, and Lunch Spot zones showing promise with the property’s potential. Along with these results, $GLDN is getting ready to enter into Phase II of the exploration program which I expect to yield some more solid results.
Link: https://resourceworld.com/golden-ridge-drills-5-13-metres-of-4-04-g-t-gold-at-heritage-project-newfoundland/
So is it time to invest in gold?
The price of gold finally reached (USD) $1800+ levels again after bottoming out back in March. This is great for gold miners as gold is still 20% higher than the pre-pandemic levels. I expect the price of gold to continue climbing as governments across the world print more and more money. $GLDN is a small company with a market cap of only $5.8M at $0.14 per share. This could be huge as there is a lot of room for growth on top of the current market cap. I’ll be holding this one for the long run
(TSXV: GLDN) (OTC: GORIF)