   | |||
GoldHaven Now Drilling in Brazil with Results SoonBob Moriarty I wrote about gold and silver in July while I was introducing a tiny junior to my readers. My point was that gold and silver were entering the best period of the year from a seasonal point of view. I don't hit the nail on the head with that accuracy often. Indeed, both metals have roared higher since then. Gold was just over $3300 while silver was dawdling along at about $37 at the time. What a difference three months can make. The company is GoldHaven Resources (GOH-C). They just released a status report on the state of their diamond core drilling at the Copecal gold project in Brazil. The company began a 1,200 meter drill program a short time ago and has finished the first hole and sent it off for assays. Visual results seem to show they are targeting the right body of rocks with strongly altered basement rock in the East Zone. AngloGold Ashanti spent over $1 million US conducting regional exploration at Copecal in Brazil in Mato Grosso State from 2010 to 2016. Their work defined two distinct gold-in-soil anomalies associated with chargeability highs and structural intersections. GoldHaven picked up 100% ownership of Copecal in January of this year. I am a giant fan of buying things when they are cheap and selling them when they are dear. GOH carried a market cap of about $4 million when I wrote about them in July. They are up about 50% since then but only to $6 million today while the price of gold is up 33% in the same timeframe. These pending drill results starting in four to six weeks could be a game changer for a stock that has been snoring and off the radar of most investors. GOH is very cheap given $4000 gold. GoldHaven is an advertiser. I have bought shares in the open market. Of course, I am biased so do your own due diligence. GoldHaven Resources ### Bob Moriarty 321gold Ltd |
Copyright ©2001-2025 321gold Ltd. All Rights Reserved