$GGLD - Drill Results Coming Soon General Gold is an exploration-stage company focused on its flagship, Clark’s Brook Property, in Newfoundland. The property was acquired in 2020 and is very interesting.
- 770 hectares in central Newfoundland.
- Acquired from Metals Creek Resources, which did a 2,000m drilling program before letting the property go. Samples returned with grades of up to 19.25g/t and an average of 4.08g/t of gold.
- A 400m vertical drilling program has been done and has shown a gold system that appears to continue at depth and remains open along strike and at depth.
Now that their 2021 drilling program has begun, I'm waiting for some results from the 31 claims. Results from this program could be the catalyst needed for the SP to recover back to $0.50 levels or even higher. $GGLD has also increased their portfolio by adding a BC copper property. The Topley Richfield Property covers 2,313 hectares and is comprised of seven claims. They currently own 50.1% but have an option agreement to acquire 100% of the property.
Overall, $GGLD is looking quite nice, with drill results bound to be released soon, a market cap of only $13M, and a tight share structure, it's looking pretty undervalued considering the grade of their gold property plus their new copper project!
(CSE: GGLD)