CEO Confident in Near-Surface Gold Mineralization as Investors Rush to Safe Havens

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Thursday, October 19, 2023

Stocks have been quite volatile in recent months since the Dow took a run at 37,000 late in July. Investors had a lot to digest to decide if a new high was appropriate against the backdrop of rising inflation, higher interest rates, and geopolitical uncertainty. A drop to about 32,800 for the Dow has been followed by a 3.7% rebound in the last week or so, but if you think these factors are going to remain a market force, then you’ll want to find safe havens to diversify a portfolio.

If the war in Ukraine for the last 18 months weren’t enough, there a growing number of influences on geopolitical uncertainty, including regional impacts of climate change, the rise of China, and the current escalation of open hostilities in the Middle East.

So, what stocks can benefit from this environment? They come from different sectors and in different sizes. Most frequently they are defense stocks, like Boeing (NYSE: BA) and General Dynamics (NYSE: GD); or energy stocks, for example Diamondback Energy (NASDAQ: FANG) and Pioneer Natural Resources (NYSE: PXD), and gold stocks, such as Alamos Gold (NYSE: AGI) (TSX: AGI) and Gander Gold Corp. (CSE: GAND) (OTCQB: GANDF).

Those interested in stocks pushing on 52-week highs might want to consider the energy space. Those looking for time-tested safe havens should check out gold.

Gander Gold is an emerging explorer that has set its sights squarely on Newfoundland, a region trumpeted by many to be home to Canada’s next great gold rush. The province certainly has all the rights trappings and miners are setting up camps looking for riches. The stage is set through a long history of gold mining that has not only produced high-grade gold, but further demonstrated a number of world-class gold deposits in a variety of geological settings. The infrastructure is in place and the government is supportive of the industry, underscoring a rising interest in development of new mining projects.

For its part, Gander Gold was an early mover, acquiring eight significant projects early in the central Newfoundland gold rush starting in 2020, building an industry-leading portfolio covering more than 2,250 square kilometers in the province while assembling a team of entrepreneurs, exploration experts, and capital markets specialists to advance the projects.

The company received significant early investment from Eric Sprott, who took early positions in the Newfoundland gold rush, and the team includes gold exploration icon Shawn Ryan.

Ryan is legendary for gold discoveries using his technical approach, a playbook that is being followed to the letter at Gander Gold projects. The team has leveraged a plethora of historical data and combined that with an exhaustive amount of sampling and surveys using cutting edge technology to better understand the geology. This summer, the company progressed several important targets from surface prospecting to drilling.

“Based on early indications on our Phase 1 drilling program this summer,” said Gander Gold CEO Mark Scott in September, “I am confident that we have already identified structurally controlled, near-surface gold mineralization.”

Scott went into detail about the Summer 2023 Exploration program and why Gander Gold is positioned for future success in a recent interactive investor webinar that is available on GanderGold.com.

While the broad investment community speculates about what lies ahead with geopolitical tensions and other gold-supportive influences, Gander Gold investors await assay results from the three completed rotary air blast drill programs. The data to date suggests that Scott is spot on with his confidence. 

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Gander Gold Corp. (CSE: GAND) (OTCQB: GANDF) Full Corporate Write-Up: Click Here.

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