Featured Company /
Gander Gold Corp.
Since November 2022, gold has experienced a remarkable surge in price, flirting with its record high of $2,089.20 set in August 2021, according to data from stockcharts.com. As the world's most enduring and sought-after precious metal, gold continues to captivate investors and analysts alike.
Stockcharts.com data shows that the continuous contract for gold on the Chicago Mercantile Exchange hit $2,085.40 on May 4, edging past the previous high of $2,078.80 touched on March 8, 2022 in its bid to cross $2,090 for the first time ever. Gold bugs will be glad to know that the factors driving the recent run-up in price appear to be durable, keeping gold on an upward trajectory.
These include, but are not limited to, a weakening U.S. dollar (gold is historically valued inversely to the USD), geopolitical uncertainty, inflationary pressures (expansive fiscal policies), volatility in financial markets (gold is a safe haven during economic turbulence), and production constraints. Gold is a finite resource and faces challenges related to supply, as discovering new gold reserves has become increasingly difficult. As supply flatlines, demand continues to rise, putting upward pressure on gold prices.
According to the World Gold Council, total gold supply increased 2% year-over-year in 2022, ending two straight years of declines, while global production remains below the record set in 2018. The slight advance for 2022 was led by China returning to normal production after pandemic-related declines in 2020 and 2021. China’s gains offset declines in other leading producers, including the U.S., Russia, and South Africa.
On a side note, many major gold-producing regions are experiencing diminishing ore grades and depleting reserves, making it increasingly challenging and costly to extract gold from the earth. Moreover, environmental concerns and stricter regulations have resulted in delays and restrictions on mining operations. These factors have created a supply-demand imbalance, with limited new supply entering the market.
As long as these factors remain in play, it is likely that gold prices will continue to ascend. Investors seeking stability, diversification, and protection against inflation will find solace in the enduring shine of gold.
Exposure can come in various forms. Notably, there are exchange traded funds, such as Horizons Gold ETF (TSX: HUG) (NYSE American: SGDM) (TSX: ABX) (NYSE: GOLD) (NYSE: NEM) (NYSE: KGC) (TSX: K)
Speaking of Sprott, the namesake ETF of famed billionaire gold investor Eric Sprott, investors often follow his investments when looking for up-and-coming juniors. Sprott’s nose for winners is unprecedented in a culture of operational excellence, commitment to sustainability, and community engagement. These factors combine to drive economic growth in supportive mining jurisdictions.
Gander Gold Corp. (CSE: GAND) (OTCQB: GANDF)
Gander is clearly differentiated from others in Newfoundland with early mover advantage, grassroots focus, unique exploration approaches, strategic partnerships, and a dominant land position consisting of 2,259 sq. km across eight projects.
Want Gold? Go East, Young Man
Newfoundland, an island province located on the east coast of Canada, has been generating considerable excitement among mining enthusiasts and geologists alike due to its reputation as an emerging gold hotspot. A major staking rush in 2021 grabbed national attention while New Found Gold and others soared in value. Shawn Ryan, Canada’s most famous gold prospector, predicted in 2021 that the Newfoundland Gold Rush will continue in “waves” throughout this decade.
The province’s mining history dates back to the 1800’s, with a geological makeup that is favorable for gold deposition, including large scale structures, quartz veins, volcanic rocks, and sedimentary formations. This is fertile ground for gold-bearing fluids to have circulated and accumulated over time, leading to the creation of substantial gold deposits from one end of the island to the other along very broad parallel trends. However, it wasn’t until just recently – the last several years – when Newfoundland’s real gold potential was fully understood after a reinterpretation of earlier models.
Meanwhile, the provincial government has implemented favorable policies and regulations that promote responsible mining practices while ensuring the economic benefits of mining are realized. This supportive environment has created a positive investment climate and fostered collaboration between government bodies, local communities, and mining companies. Newfoundland is currently ranked as the 4th most friendly mining jurisdiction in the entire world according to the latest Fraser Institute Survey.
We’ve Got You Surrounded
Gander Gold has a dominant land position covering eight highly prospective properties, four of which are really standing out after two years of intense grassroots exploration – Gander North, Mt. Peyton, BLT, and Cape Ray II. Keep in mind, none of these properties has ever been previously drilled or systematically explored. And each has district-scale potential. All claim blocks feature relatively easy access and were carefully assessed and acquired prior to the start of the Newfoundland Gold Rush in 2021.
Gander North Project
Gander North is in the heart of the Gander Gold Belt highlighted by New Found Gold’s (NYSE American: NFGC) (TSX-Venture: NFG)
Gander Gold’s seasoned team is highly encouraged by exciting early success at its 485 sq. km Gander North Project where extensive gold-in-soil anomalies are coincident with favorable geophysical structures across a 25-kilometer-long east-northeast trend that is theorized to potentially host Newfoundland’s next high-grade discovery. This is a blue-sky greenfield opportunity, as no drilling has ever been conducted at Gander North. Helping pinpoint targets, over 12,000 soil samples were collected since 2021 across this project, showing multiple anomalous trends and values up to 1,432 ppb (parts per billion) gold (Au) – very high in the context of Newfoundland gold exploration.
The company and its stakeholders are going to find out more soon as drilling finally begins at Gander North. Geologists are using RAB (rotary air blast) drilling, which has now commenced, to test conductive structures underneath the soil anomalies to depths of 60 meters or more, creating the potential for an immediate discovery or at least an inventory of high-priority targets for follow-up diamond drilling during the 2nd half of 2023. This RAB drilling includes some state-of-the-art features including a downhole “televiewer” and collection of critical real-time data such as readings for arsenic and other gold pathfinders. This should help maintain strong news flow throughout the RAB drilling process, expected to continue non-stop at Gander North and other projects for the next few months with diamond drilling to follow.
Mt. Peyton Project
At the 956 sq. km Mt. Peyton Project, strategically located in between the Keats Zone discovery to the east and Sokoman Minerals’
(TSX-Venture: SIC) (OTCQB: SICNF) Moosehead Project to the west, Gander Gold has identified two major zones of interest (Goldenrod and Golden Horseshoe) that are screaming to be drilled – and will be in the near future. Notably, Gander has carried out more work on the massive egg-shaped Mt. Peyton Property than any other company in Newfoundland exploration history, completing over 13,000 soil samples, airborne geophysical surveys (MAG-VLF, LiDAR), and structural analysis.
Mt. Peyton is made up of a granite intrusive surrounded by gabbro. It is conceivable given the location of the property relative to recent gold discoveries within the Gander Gold Belt that the granite intrusive is a possible heat engine which provided an impetus for gold to remobilize in deep-rooted favourable structures.
BLT Project
At the BLT Project, first-ever soil samples on Thwart Island outlined what’s being called the Islander Zone currently measuring 1,400 m x 400 m (open for expansion) with soils assaying as high as an astounding 5.94 g/t Au (5,939.5 ppb). Gold-in-soils at Islander are coincident with very anomalous arsenic-in-soils consistently present across the interpreted strike of the Islander Zone.
Cape Ray II
Cape Ray II is contiguous to one of the highest-grade series of deposits in the world for open-pit mining - Matador Mining’s advanced Cape Ray Project on the southwest part of the island, a nearly one million resource that continues to grow.
Gander’s Cape Ray II occupies deformation zones between two significant tectonic structures, the Long Range/Cabot Fault to the west and the Cape Ray/Valentine Fault to the east which also hosts Marathon Gold's (TSX: MOZ) (OTCQX: MGDPF)
Hunting with a Sniper Rifle
Gander Gold has a treasure trove of projects for its leadership team to explore and exploit for investors. The company is led by President, CEO, and Director Mark Scott. The mining industry veteran has more than two decades of experience in all facets of surface and underground mining, metallurgical processing, and associated service and support functions, within multiple mining majors including Vale Canada for whom he served as Head of Manitoba Nickel Operations through 2018. Mark successfully managed an annual combined OPEX and CAPEX budget of $500 million (USD) and a workforce of 1,875. There aren’t many CSE gold junior CEO’s with this kind of a background.
Others on the team include VP Exploration Ian Fraser, an expert in geological models and structural settings with more than three decades as an exploration geologist. Ian has been directly involved in the discovery of six gold deposits in North and South America with three of those having gone into production.
Award-winning prospector Shawn Ryan is a Technical Advisor to Gander Gold and also staked much of the ground the company currently has. A global leader in his field, Shawn’s staking prowess and prospecting instincts and techniques have been instrumental in finding new multi-million-ounce gold deposits and triggering gold rushes in both the Yukon and now Newfoundland.
Leveraging advancements in technology and exploration techniques that have allowed for more efficient and accurate identification of gold-bearing zones, Ryan is a man on a mission. “We got a stacked deck here,” he says in a corporate presentation , adding, “and we have a method to hunt, that’s the key. So we’re not wildcatting. We know where we’re going. Instead of hunting with a machine gun, it’s like we’re hunting with a sniper rifle.”
Gander has partnered with GroundTruth Exploration which specializes in new and innovative exploration methods to help increase the odds of successful discoveries.
With statistics showing a sharp decline in the number of new gold discoveries across the globe over the last decade, it’s more important than ever to use cutting edge technology and “smart” exploration approaches to achieve success.
The next Gold Rush “wave” in Newfoundland could be just around the corner, and Gander Gold may very well be the catalyst.
With the drill now turning, anything’s possible – stay tuned!
About AllPennyStocks.com:
AllPennyStocks.com Media, Inc., founded in 1999, is one of North America’s largest and most comprehensive small-cap / penny stock financial portals. With Canadian and U.S. focused penny stock features and content, the site offers information for novice investors to expert traders. Outside of the countless free content available to visitors, AllPennyStocks.com Pro (premium service) caters to traders looking for that trading edge by offering monthly stock picks, daily penny stock to watch trade ideas, market commentary and more.
As a result of its commitment to journalistic excellence and abundance of information in a particular area of equity investing (micro-cap investing) where there aren’t many credible sources of information, AllPennyStocks.com continues to have one of the largest audiences of micro-cap investors on the internet.
Corporate Snapshot:
Gander Gold Corp.
Stock Symbol:
CNX
Stock Exchange:
CSE
Sector:
Natural Resources
52 Week High:
$0.4000
52 Week Low:
$0.1000
Current Stock Quote / Chart / News: Click here
Information as of
May 18, 2023
Since November 2022, gold has experienced a remarkable surge in price, flirting with its record high of $2,089.20 set in August 2021, according to data from stockcharts.com. As the world's most enduring and sought-after precious metal, gold continues to captivate investors and analysts alike.
Stockcharts.com data shows that the continuous contract for gold on the Chicago Mercantile Exchange hit $2,085.40 on May 4, edging past the previous high of $2,078.80 touched on March 8, 2022 in its bid to cross $2,090 for the first time ever. Gold bugs will be glad to know that the factors driving the recent run-up in price appear to be durable, keeping gold on an upward trajectory.
These include, but are not limited to, a weakening U.S. dollar (gold is historically valued inversely to the USD), geopolitical uncertainty, inflationary pressures (expansive fiscal policies), volatility in financial markets (gold is a safe haven during economic turbulence), and production constraints. Gold is a finite resource and faces challenges related to supply, as discovering new gold reserves has become increasingly difficult. As supply flatlines, demand continues to rise, putting upward pressure on gold prices.
According to the World Gold Council, total gold supply increased 2% year-over-year in 2022, ending two straight years of declines, while global production remains below the record set in 2018. The slight advance for 2022 was led by China returning to normal production after pandemic-related declines in 2020 and 2021. China’s gains offset declines in other leading producers, including the U.S., Russia, and South Africa.
On a side note, many major gold-producing regions are experiencing diminishing ore grades and depleting reserves, making it increasingly challenging and costly to extract gold from the earth. Moreover, environmental concerns and stricter regulations have resulted in delays and restrictions on mining operations. These factors have created a supply-demand imbalance, with limited new supply entering the market.
As long as these factors remain in play, it is likely that gold prices will continue to ascend. Investors seeking stability, diversification, and protection against inflation will find solace in the enduring shine of gold.
Exposure can come in various forms. Notably, there are exchange traded funds, such as Horizons Gold ETF (TSX: HUG) (NYSE American: SGDM) (TSX: ABX) (NYSE: GOLD) (NYSE: NEM) (NYSE: KGC) (TSX: K)
Speaking of Sprott, the namesake ETF of famed billionaire gold investor Eric Sprott, investors often follow his investments when looking for up-and-coming juniors. Sprott’s nose for winners is unprecedented in a culture of operational excellence, commitment to sustainability, and community engagement. These factors combine to drive economic growth in supportive mining jurisdictions.
Gander Gold Corp. (CSE: GAND) (OTCQB: GANDF)
Gander is clearly differentiated from others in Newfoundland with early mover advantage, grassroots focus, unique exploration approaches, strategic partnerships, and a dominant land position consisting of 2,259 sq. km across eight projects.
Want Gold? Go East, Young Man
Newfoundland, an island province located on the east coast of Canada, has been generating considerable excitement among mining enthusiasts and geologists alike due to its reputation as an emerging gold hotspot. A major staking rush in 2021 grabbed national attention while New Found Gold and others soared in value. Shawn Ryan, Canada’s most famous gold prospector, predicted in 2021 that the Newfoundland Gold Rush will continue in “waves” throughout this decade.
The province’s mining history dates back to the 1800’s, with a geological makeup that is favorable for gold deposition, including large scale structures, quartz veins, volcanic rocks, and sedimentary formations. This is fertile ground for gold-bearing fluids to have circulated and accumulated over time, leading to the creation of substantial gold deposits from one end of the island to the other along very broad parallel trends. However, it wasn’t until just recently – the last several years – when Newfoundland’s real gold potential was fully understood after a reinterpretation of earlier models.
Meanwhile, the provincial government has implemented favorable policies and regulations that promote responsible mining practices while ensuring the economic benefits of mining are realized. This supportive environment has created a positive investment climate and fostered collaboration between government bodies, local communities, and mining companies. Newfoundland is currently ranked as the 4th most friendly mining jurisdiction in the entire world according to the latest Fraser Institute Survey.
We’ve Got You Surrounded
Gander Gold has a dominant land position covering eight highly prospective properties, four of which are really standing out after two years of intense grassroots exploration – Gander North, Mt. Peyton, BLT, and Cape Ray II. Keep in mind, none of these properties has ever been previously drilled or systematically explored. And each has district-scale potential. All claim blocks feature relatively easy access and were carefully assessed and acquired prior to the start of the Newfoundland Gold Rush in 2021.
Gander North Project
Gander North is in the heart of the Gander Gold Belt highlighted by New Found Gold’s (NYSE American: NFGC) (TSX-Venture: NFG)
Gander Gold’s seasoned team is highly encouraged by exciting early success at its 485 sq. km Gander North Project where extensive gold-in-soil anomalies are coincident with favorable geophysical structures across a 25-kilometer-long east-northeast trend that is theorized to potentially host Newfoundland’s next high-grade discovery. This is a blue-sky greenfield opportunity, as no drilling has ever been conducted at Gander North. Helping pinpoint targets, over 12,000 soil samples were collected since 2021 across this project, showing multiple anomalous trends and values up to 1,432 ppb (parts per billion) gold (Au) – very high in the context of Newfoundland gold exploration.
The company and its stakeholders are going to find out more soon as drilling finally begins at Gander North. Geologists are using RAB (rotary air blast) drilling, which has now commenced, to test conductive structures underneath the soil anomalies to depths of 60 meters or more, creating the potential for an immediate discovery or at least an inventory of high-priority targets for follow-up diamond drilling during the 2nd half of 2023. This RAB drilling includes some state-of-the-art features including a downhole “televiewer” and collection of critical real-time data such as readings for arsenic and other gold pathfinders. This should help maintain strong news flow throughout the RAB drilling process, expected to continue non-stop at Gander North and other projects for the next few months with diamond drilling to follow.
Mt. Peyton Project
At the 956 sq. km Mt. Peyton Project, strategically located in between the Keats Zone discovery to the east and Sokoman Minerals’
(TSX-Venture: SIC) (OTCQB: SICNF) Moosehead Project to the west, Gander Gold has identified two major zones of interest (Goldenrod and Golden Horseshoe) that are screaming to be drilled – and will be in the near future. Notably, Gander has carried out more work on the massive egg-shaped Mt. Peyton Property than any other company in Newfoundland exploration history, completing over 13,000 soil samples, airborne geophysical surveys (MAG-VLF, LiDAR), and structural analysis.
Mt. Peyton is made up of a granite intrusive surrounded by gabbro. It is conceivable given the location of the property relative to recent gold discoveries within the Gander Gold Belt that the granite intrusive is a possible heat engine which provided an impetus for gold to remobilize in deep-rooted favourable structures.
BLT Project
At the BLT Project, first-ever soil samples on Thwart Island outlined what’s being called the Islander Zone currently measuring 1,400 m x 400 m (open for expansion) with soils assaying as high as an astounding 5.94 g/t Au (5,939.5 ppb). Gold-in-soils at Islander are coincident with very anomalous arsenic-in-soils consistently present across the interpreted strike of the Islander Zone.
Cape Ray II
Cape Ray II is contiguous to one of the highest-grade series of deposits in the world for open-pit mining - Matador Mining’s advanced Cape Ray Project on the southwest part of the island, a nearly one million resource that continues to grow.
Gander’s Cape Ray II occupies deformation zones between two significant tectonic structures, the Long Range/Cabot Fault to the west and the Cape Ray/Valentine Fault to the east which also hosts Marathon Gold's (TSX: MOZ) (OTCQX: MGDPF)
Hunting with a Sniper Rifle
Gander Gold has a treasure trove of projects for its leadership team to explore and exploit for investors. The company is led by President, CEO, and Director Mark Scott. The mining industry veteran has more than two decades of experience in all facets of surface and underground mining, metallurgical processing, and associated service and support functions, within multiple mining majors including Vale Canada for whom he served as Head of Manitoba Nickel Operations through 2018. Mark successfully managed an annual combined OPEX and CAPEX budget of $500 million (USD) and a workforce of 1,875. There aren’t many CSE gold junior CEO’s with this kind of a background.
Others on the team include VP Exploration Ian Fraser, an expert in geological models and structural settings with more than three decades as an exploration geologist. Ian has been directly involved in the discovery of six gold deposits in North and South America with three of those having gone into production.
Award-winning prospector Shawn Ryan is a Technical Advisor to Gander Gold and also staked much of the ground the company currently has. A global leader in his field, Shawn’s staking prowess and prospecting instincts and techniques have been instrumental in finding new multi-million-ounce gold deposits and triggering gold rushes in both the Yukon and now Newfoundland.
Leveraging advancements in technology and exploration techniques that have allowed for more efficient and accurate identification of gold-bearing zones, Ryan is a man on a mission. “We got a stacked deck here,” he says in a corporate presentation , adding, “and we have a method to hunt, that’s the key. So we’re not wildcatting. We know where we’re going. Instead of hunting with a machine gun, it’s like we’re hunting with a sniper rifle.”
Gander has partnered with GroundTruth Exploration which specializes in new and innovative exploration methods to help increase the odds of successful discoveries.
With statistics showing a sharp decline in the number of new gold discoveries across the globe over the last decade, it’s more important than ever to use cutting edge technology and “smart” exploration approaches to achieve success.
The next Gold Rush “wave” in Newfoundland could be just around the corner, and Gander Gold may very well be the catalyst.
With the drill now turning, anything’s possible – stay tuned!
About AllPennyStocks.com:
AllPennyStocks.com Media, Inc., founded in 1999, is one of North America’s largest and most comprehensive small-cap / penny stock financial portals. With Canadian and U.S. focused penny stock features and content, the site offers information for novice investors to expert traders. Outside of the countless free content available to visitors, AllPennyStocks.com Pro (premium service) caters to traders looking for that trading edge by offering monthly stock picks, daily penny stock to watch trade ideas, market commentary and more.
As a result of its commitment to journalistic excellence and abundance of information in a particular area of equity investing (micro-cap investing) where there aren’t many credible sources of information, AllPennyStocks.com continues to have one of the largest audiences of micro-cap investors on the internet.
Forward Looking Statements
This report includes forward-looking statements that reflect current expectations about its future results, performance, prospects and opportunities. Gander Gold Corp. has tried to identify these forward-looking statements by using words and phrases such as "may," "will," "expects," "anticipates," "believes," "intends," "estimates," "plan," "should," "typical," "preliminary," "we are confident" or similar expressions. These forward-looking statements are based on information currently available and are subject to a number of risks, uncertainties and other factors that could cause Gander Gold Corp.'s actual results, performance, prospects or opportunities to differ materially from those expressed in, or implied by, these forward-looking statements. These risks, uncertainties and other factors include, without limitation, the Company's growth expectations and ongoing funding requirements, and specifically, the Company's growth prospects with scalable customers, and those outlined above. Other risks include the Company's limited operating history, the Company's history of operating losses, consumers' acceptance, the Company's use of licensed technologies, risk of increased competition, the potential need for additional financing, the terms and conditions of any financing that is consummated, the limited trading market for the Company's securities, the possible volatility of the Company's stock price, the concentration of ownership, and the potential fluctuation in the Company's operating results.
Disclaimer
AllPennyStocks.com feature stock reports are intended to be stock ideas, NOT recommendations. Please do your own research before investing. It is crucial that you at least look at current SEC filings and read the latest press releases. Information contained in this report was extracted from current documents filed with the SEC, the company web site and other publicly available sources deemed reliable. For more information see our disclaimer section, a link of which can be found on our web site. This document contains forward-looking statements, particularly as related to the business plans of the Company, within the meaning of Section 27A of the Securities Act of 1933 and Sections 21E of the Securities Exchange Act of 1934, and are subject to the safe harbor created by these sections. Actual results may differ materially from the Company's expectations and estimates. This is an advertisement for Gander Gold Corp. The purpose of this advertisement, like any advertising, is to provide coverage and awareness for the company. The information provided in this advertisement is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where such distribution or use would be contrary to law or regulation or which would subject us to any registration requirement within such jurisdiction or country.
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