C.STMarket Equities Research - Market Bulletin January 11, 2021 3:33 PM ET
Significant Gold Mining Developments in Red Lake District, Canada -- The High-Grade Gold Capital of the World Consider establishing a long position in these three Red Lake District gold mining companies for exposure to precious metals in a safe (tier-one mining) jurisdiction and in a diversified manner: - Great Bear Resources Ltd. (TSX-V: GBR) (OTCQX: GTBAF) -
Growing Extreme Ounces,
Great Bear's Dixie & Sobel Properties are arguably the hottest exploration play in Canada right now. Great Bear Resources DOES NOT have a resource calculation yet, but what is shaping up for investors appears enormous; when a first-pass resource does come forth look for significant related intrinsic value share price appreciation to materialize.
- PureGold Mining Inc. (TSX-V: PGM) (LSE: PUR) -
A New Major Gold Producer,
PureGold's Red Lake Mine is one of the world’s highest-grade gold mines anywhere on this planet (higher than 95% of gold mines). The Company poured its first gold dore bar from the mill on December 29, 2020.
- Straightup Resources Inc. (CSE: ST) -
Highly Prospective for Major Discovery,
Straightup Resources' RLX & Belanger Properties are proximal Great Bear Resources. Look for activity just off Straightup Resources property line in the near-term; Great Bear Resources has identified target zones on its new Sobel Property that is directly adjacent to Straightup Resources' RLX. After Great Bear discovered a world-class 11+ km long high-grade gold system on its Dixie property, Great Bear Resources geologists took their improved understanding of the area geology and decided to acquire a select few new claims that they believe to be most prospective for major discovery. Straightup Resources acquired its claims prior to Great Bear announcing it had selected this ground. When Great Bear Resources gets around to drilling targets on its Sobel property, then Straightup Resources is apt to experience considerable attention due to the fact its RLX Project is directly adjacent (nearly encircling). There is an excellent chance we will see action soon; we note that
Great Bear stated in a recent press release regarding planned activities for 2021 that
"additional drills may also be used at various times throughout the calendar year to drill other regional targets at the Dixie Project, and/or at Great Bear’s other Red Lake area properties." ------ ------ ------ ------ ------ ------ ------ ------ ------
Red Lake in Ontario, Canada, is one of the more prolific gold mining districts in the world with ~30 million oz gold having been produced from high-grade mines since 1925, >80% of this gold was produced from Evolution Mining's Red Lake Complex (formerly owned by Newmont). Today some of the most exciting exploration projects are ongoing in the district.
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Update on Pure Gold Mining - Canada's Newest Gold Producer On December 29, 2020 PureGold poured its first gold dore bar following the introduction of ore to its new mill a couple weeks earlier (on budget and on schedule). The optimization process of equipment and ramp-up process is in full-swing and as the Company proves itself look for the share price to respond upward accordingly. When fully dialled-in the company expects to ultimately develop into one of the world’s most profitable gold mines; looking to ultimately deliver an operating margin over $1,350 an ounce -- generating more than $2.3 billion revenue in Phase One alone. The PureGold Mine has a 2.1-million-ounce Indicated Resource (7.2Mt at 8.9 g/t gold) and a 0.5-million-ounce Inferred Resource (1.9Mt at 7.7g/t gold). Mineral resources are inclusive of Probable Mineral Reserves of 1 million ounces of gold grading 9g/t (in 3.5 million tonnes).