In a recent interview with Investor.News host Tracy Weslosky, Paul Sarjeant, President, COO, and Director of Kobo Resources Inc. (TSXV: KRI), provides a compelling update on the company’s recent drilling achievements at the Kossou Gold Project in Cote d’Ivoire, West Africa. Paul revealed that Kobo drilled nearly 6,000 meters in under five weeks with assay results confirming strong gold mineralization.

Paul Sarjeant highlighted the success of their drilling program in the Jagger Zone which continues to show promising signs of gold mineralization, with high-grade zones boasting 10-15 grams of gold per ton. They’ve also made noteworthy progress in the Road Cut Zone, confirming significant gold mineralization with consistent grades.

Another key highlight discussed in the interview was the discovery of the Kadie Zone on which Kobo has identified strong geochemical anomalies with results of up to 6,000 parts per billion gold in soil. Paul said that plans are already in motion to explore this area further. To access the complete interview, click here

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About Kobo Resources Inc.

Kobo Resources is a growth-focused gold exploration company with a compelling new gold discovery in Cote d’Ivoire, one of West Africa’s most prolific and developing gold districts, hosting several multi-million-ounce gold mines. The Company’s 100%-owned Kossou Gold Project is located approximately 20 km northwest of the capital city of Yamoussoukro and is directly adjacent to one of the region’s largest gold mines with established processing facilities.

The Company is drilling to unlock the potential size and scale of Kossou within 9+ km strike length of highly prospective gold in soil geochemical anomalies with excellent rock and trench sampling results. The Company’s 2023 exploration plan calls for over 8,000 meters of reverse circulation drilling with an immediate goal of defining significant near surface zones of gold mineralisation. Kobo offers investors the exciting combination of high-quality gold prospects led by an experienced leadership team with in-country experience.

To know more about Kobo Resources Inc., click here

Disclaimer: Kobo Resources Inc. is an advertorial member of InvestorNews Inc.

This interview, which was produced by InvestorNews Inc., does not contain, nor does it purport to contain, a summary of all the material information concerning the “Company” being interviewed. InvestorNews offers no representations or warranties that any of the information contained in this interview is accurate or complete.

This presentation may contain “forward-looking statements” within the meaning of applicable Canadian securities legislation. Forward-looking statements are based on the opinions and assumptions of the management of the Company as of the date made. They are inherently susceptible to uncertainty and other factors that could cause actual events/results to differ materially from these forward-looking statements. Additional risks and uncertainties, including those that the Company does not know about now or that it currently deems immaterial, may also adversely affect the Company’s business or any investment therein.

Any projections given are principally intended for use as objectives and are not intended, and should not be taken, as assurances that the projected results will be obtained by the Company. The assumptions used may not prove to be accurate and a potential decline in the Company’s financial condition or results of operations may negatively impact the value of its securities. Prospective investors are urged to review the Company’s profile on Sedar.com and to carry out independent investigations in order to determine their interest in investing in the Company.

If you have any questions surrounding the content of this interview, please contact us at +1 416 792 8228 and/or email us direct at [email protected].

West Africa’s gold-rich terrains have long enticed mining aficionados from across the globe. Positioned at the forefront of the latest gold rush in this region is Kobo Resources Inc. (TSXV: KRI), a burgeoning exploration force that has recently unveiled some glittering discoveries in Côte d’Ivoire.

Having freshly debuted on the TSXV on March 31, 2023, Kobo, a junior Canadian exploration and mining development entity, is hard at work in the gold-laden landscapes of Côte d’Ivoire. This West African district, bounteous in its gold offerings, has become the cynosure for Kobo’s explorative gaze.

Rewind a bit, and you’d find that the momentum for Kobo began building up in November 2019. It was then that the company secured the ‘Kossou Permit’, a critical research validation synonymous with a mining claim in Côte d’Ivoire. This permit became the starting whistle for a series of aggressive exploration undertakings. Soil and rock sampling, meticulous geological mapping, and trenching activities were initiated, which led to the identification of several gold-rich zones. The Jagger Zone, in particular, emerged as a veritable treasure trove, revealing trench gold values of 6.42 g/t Au over a commendable 29.0 m stretch.

Fast forward to today, and Kobo has more golden news to share. Their recent press release offers a deep dive into the promising outcomes of their initial drilling at the Kossou Gold Project. This intense drilling phase, spanning 5,887 meters across 53 reverse circulation (RC) drill holes, was wrapped up in an impressive duration of less than five weeks. Two zones, the Road Cut Zone and the Jagger Zone, have emerged as the stars of this exploration story.

In the Road Cut Zone, an extensive 850 m strike has brought forth significant gold mineralisation, showcasing findings such as 8 m at 3.18 g/t Au and a longer stretch of 13 m at 2.10 g/t Au. Add to this the prospect of a 500 m stretch, ripe with gold geochemical hints, waiting to be delved into.

The Jagger Zone continues the narrative of abundance, with every drilled hole in its 1,400 m strike revealing gold mineralisation. The standout metric here is an impressive 6 m at 4.31 g/t Au.

However, the story doesn’t end here. Enter the Kadie Zone, Kobo’s latest point of focus, showcasing across a combined strike length of 750 m. Edward Gosselin, the CEO and Director of Kobo commended the geological team for the impressive results in such a brief time period.

Zooming out a bit, it’s essential to note the strategic positioning of the 100%-owned Kossou Gold Project. Nestled about 20 km northwest of Yamoussoukro, Côte d’Ivoire’s capital, the project is in good company, rubbing shoulders with one of the region’s premier gold mines, armed with state-of-the-art processing facilities.

As the calendar pages flip towards the latter part of 2023, Kobo is gearing up for additional drilling, aiming to spotlight significant gold zones just beneath the surface. With a rich portfolio of gold prospects and a leadership team seasoned in the nuances of in-country operations, Kobo is certainly shaping up to be a potential golden goose, indeed.

It is starting to feel like the gold bulls are finding their voice again, as more and more seem to be appearing on the various business TV networks. Perhaps they are always on as frequently as they are now and I just haven’t noticed it, or maybe there is a new wave of hope for the ever-optimistic “gold bugs”.

I’ve heard a few of these experts proclaim that the price of gold mining stocks relative to gold has never been cheaper. I find that hard to believe, but equally hard to disprove without exerting a lot of effort, which I’m not about to do. So let’s assume that there is some merit to this claim and at the very least gold mining stocks are reasonably inexpensive on a relative basis to the price of gold. It may not be the most robust thesis, but it’s enough for me to look at a gold stock today.

That gold company is Kobo Resources Inc. (TSXV: KRI). Kobo is a newly listed (shares commenced trading on March 31, 2023) junior Canadian exploration and mining development company focused on acquiring, exploring and developing gold property assets located primarily in Côte d’Ivoire, one of West Africa’s most prolific and developing gold districts. This includes the Kossou Permit, which forms the basis of the Kossou Gold Project and the Kotobi Permit. The 100%-owned Kossou Gold Project is located approximately 20 km northwest of the capital city of Yamoussoukro and is directly adjacent to one of the region’s largest gold mines with established processing facilities. The Company plans to unlock the potential size and scale of Kossou within a 9+ km strike length of highly prospective gold in soil geochemical anomalies with an immediate goal of defining significant near surface zones of gold mineralisation.

Just to be clear, newly listed doesn’t mean that Kobo is a new company (well it kinda does) with a brand new asset. As is common in the world of junior mining, Kobo is the result of a reverse takeover of a Capital Pool Corporation (CPC) by an existing, private mining company. To avoid confusion, we’ll simply assume that there is only one entity that was private and is now publicly traded called Kobo Resources.

In November 2019, the Company was awarded a research permit (the “Kossou Permit”), which is the Côte d’Ivoire equivalent of a mining lease or claim. Since then, Kobo has undertaken plenty of soil and rock sampling activities, as well as additional geological mapping and trenching activities. The Company has received the structural analysis of the various zones of interest discovered to date which includes potential drill targets. Kobo has confirmed the existence of a significant gold bearing structure at the Jagger Zone highlighted by trench gold values in the most westerly zone featuring 6.42 g/t Au over 29.0 m, while the second and more easterly shear zone featured 1.17 g/t Au over 27 m. The total strike length of the Jagger Zone, including untested geochemical anomalies, stands at 1.85 km and will be the primary target of the upcoming drill program.

Source: Kobo Resources Inc. June 7, 2023 Press Release

Which gets us to the fun stuff. With all this data in hand and fresh off of raising C$4.6 million as part of a financing related to the reverse takeover, Kobo is now about to undertake its maiden drill program on the Kossou Gold Project. The Company announced yesterday (July 4^th) the commencement of an 8,000 metre reverse circulation (RC) drilling program which will be conducted in two phases. The first phase program will consist of 45 inclined boreholes ranging between 50 m and 230 m depth totaling 4,250 m. A total of 23 holes will be completed at Jagger (2,650 m), 10 holes at the Road Cut Zone (1,000 m), and 12 holes (600 m) in the Contact Zone. The second phase RC drilling totaling 3,750 m will be completed after a short pause in drilling in order to evaluate the results from Phase 1 and to plan the construction of additional drill platforms at the Jagger South Zone.

As I’ve noted before, I like companies that are cashed up and ready to drill and Kobo falls into that category. And apparently, I’m not alone, as the news that drilling was commencing vaulted Kobo’s share price northward by 28% yesterday. The next few weeks will determine if that optimism is warranted.

Kobo Resources trades at a market cap of C$30 million.

GoldMining Inc. (TSX: GOLD | NYSE AMERICAN: GLDG) is a gold company focused on acquiring and advancing copper and gold projects in the Americas. The Company’s key assets include:

• Its large 100% owned portfolio of gold-copper projects,
• An 80% equity share in U.S. GoldMining Inc. (NASDAQ: USGO), it owns a copper-gold project in Alaska,
• A 15% equity share in Gold Royalty Corp. (NYSE American: GROY), and,
• A 19.3% equity share in NevGold Corp. (TSXV: NAU | OTCQX: NAUFF).

As of April 2023, the Company had US$144 million in cash and equity holdings plus a multi-million-ounce gold equivalent resource portfolio.

The market cap of GoldMining was US$175 million (as of April 24) (today it is lower at US$167 million).

Based on these numbers the 100% owned multi-million-ounce gold equivalent portfolio is only being valued at US$31 million (US$175 million less US$144 million).

This means the Company offers ‘excellent value’ and strong ‘leverage to the gold price’. If gold goes up, it could potentially do very well.

FIGURE 1: Value Proposition – US$144M in Cash and Equity Holdings plus Multi-Million Ounce Gold-Equivalent Resource for a Market Cap of US$175M

GoldMining’s 100% owned portfolio of copper-gold projects in the Americas

GoldMining has numerous gold-copper projects spread across Canada, the US, and South America.

GoldMining’s 100% ownership interest in their projects has a total combined Resource of Measured & Indicated 13.4 million ounces of gold equivalent and Inferred 9.9 million ounces of gold equivalent. Across the portfolio of projects, the metals exposure is 81% gold, 18% copper, and 1% silver.

FIGURE 2: GoldMining’s global portfolio assets and combined total resource – 81% gold (Whistler Proejct not included in Global Resources figures)

GoldMining’s 80% equity in U.S. GoldMining

GoldMining also has an 80% equity stake in their US subsidiary called U.S. GoldMining Inc (NASDAQ: USGO).

GoldMining just did a US$20 million IPO for U.S. GoldMining to raise funds to focus on the 100% owned Whistler Gold-Copper Project in Alaska and to unlock its value.

The Project is located 170 km northwest of Anchorage, Alaska, U.S.A on State-owned land. The Project consists of several gold-copper porphyry deposits and exploration targets within a comprehensive regional land package totaling 217.5 sq km (53,700 acres). The Project is fully permitted for exploration and ready to explore further.

GoldMining’s 15% equity in Gold Royalty

GoldMining Inc. has a 15% equity stake in Gold Royalty Corp. (NYSE: GROY), which completed an IPO at a value of US$90 million. This equity stake is expected to bring in approximately US$1 million in annual cash flow in the form of dividends for GoldMining.

FIGURE 3: Gold Royalty Corp.’s assets provide ~US$1 million per year in dividends to GoldMining

Closing remarks

GoldMining is extremely well-positioned to do well in 2023. The stock has a dividend income stream via a 15% ownership in Gold Royalty Corp. as well as potential exploration upside from its 80% ownership of U.S. GoldMining.

Then there is their large portfolio of 100% owned projects which have a combined total M&I Resource of 13.4 million ounces of gold, albeit generally at lower grades.

For investors wanting leverage to the gold price with low to moderate sovereign risk, then GoldMining is well worth a look. Generally speaking, companies with large low-grade gold portfolios offer a potential ‘call option’ on the price of gold.

One to follow in 2023.

In this InvestorIntel interview, Tracy Weslosky talks with MineralFunds.com’s President and CIO Christopher Berlet about the potential for a robust gold market this year. Christopher says that there are several signals, such as declining gold production, depleting reserves, and Central Banks buying gold, that indicate that we are in the early stages of a robust gold cycle.

Christopher also discusses how MineralFunds.com is providing comprehensive information on the asset allocation of 101 gold funds globally, totaling approximately $30 billion in investments in public gold companies. He adds that Canada and Australia are the top destinations for investment dollars for these gold funds, with 55% and 15%, respectively.

Christopher also explains how reviewing the asset allocation of these gold funds can provide investors with significant market intelligence, as well as help identify new junior exploration companies with potential. The portfolio turnover of these funds is relatively low, allowing investors to observe the public companies these funds are building or divesting positions in.

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About MineralFunds.com

MineralFunds.com provides prices, performance, and trade information for metal ETFs including Precious Metals, Battery Metals, Platinum Group Metals, and Base Metals. MineralFunds.com also provides comprehensive fund information, including asset allocations, for Gold & Precious Metals Managed Funds from all investment jurisdictions.

To learn more about MineralFunds.com, click here

Disclaimer: This interview, which was produced by InvestorIntel Corp., (IIC), does not contain, nor does it purport to contain, a summary of all the material information concerning the “Company” being interviewed. IIC offers no representations or warranties that any of the information contained in this interview is accurate or complete.

This presentation may contain “forward-looking statements” within the meaning of applicable Canadian securities legislation. Forward-looking statements are based on the opinions and assumptions of the management of the Company as of the date made. They are inherently susceptible to uncertainty and other factors that could cause actual events/results to differ materially from these forward-looking statements. Additional risks and uncertainties, including those that the Company does not know about now or that it currently deems immaterial, may also adversely affect the Company’s business or any investment therein.

Any projections given are principally intended for use as objectives and are not intended, and should not be taken, as assurances that the projected results will be obtained by the Company. The assumptions used may not prove to be accurate and a potential decline in the Company’s financial condition or results of operations may negatively impact the value of its securities. Prospective investors are urged to review the Company’s profile on Sedar.com and to carry out independent investigations in order to determine their interest in investing in the Company.

If you have any questions surrounding the content of this interview, please contact us at +1 416 792 8228 and/or email us direct at [email protected].

In this interview Peter Clausi has Romios Gold Resources Inc.’s (TSXV: RG | OTCQB: RMIOF) CEO, President, and Director Stephen Burega discuss about being a multi-jurisdictional exploration company focused primarily on gold, copper and silver. Starting the discussion on the “…newly discovered, copper and tungsten bearing skarn” released from the 2022 IP (Induced Polarization) survey at the Trek South Project in BC’s Golden Triangle, Stephen explains how these results offer the potential for substantial mineralization on the project.

Covering a wide range of topics around Romios Gold’s portfolio of assets and projects, Stephen goes on to discuss Romios’ Kinkaid Project and Scossa Gold Project in Nevada, which is ranked as one of the top mining jurisdictions in the world. As a former high-grade gold producer, Stephen says that some of the ores at the Scossa Gold Project were so high that it was stored in a bank vault.

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About Romios Gold Resources Inc.

Romios Gold Resources Inc. is a progressive Canadian mineral exploration company engaged in precious- and base-metal exploration, focused primarily on gold, copper and silver. It has a 100% interest in the Lundmark-Akow Lake Au-Cu property plus 4 additional claim blocks in northwestern Ontario and extensive claim holdings covering several significant porphyry copper-gold prospects in the “Golden Triangle” of British Columbia. Additional interests include the Kinkaid claims in Nevada covering numerous Au-Ag-Cu workings and two former producers: the Scossa mine property (Nevada) which is a former high-grade gold producer and the La Corne molybdenum mine property (Quebec). The Company retains an ongoing interest in several properties including a 20% carried interest in five of Honey Badger Mining’s claim blocks in the Thunder Bay silver district of northwestern Ontario; a 2% NSR on McEwen Mining’s Hislop gold property in Ontario; a 2% NSR on Enduro Metals’ Newmont Lake Au-Cu-Ag property in BC, and the Company has signed a definitive agreement with Copperhead Resources Inc. (“Copperhead”) whereby Copperhead can acquire a 75% ownership interest in Romios’ Red Line Property in BC.

To learn more about Romios Gold Resources Inc., click here.

Disclaimer: Romios Gold Resources Inc. is an advertorial member of InvestorIntel Corp.

This interview, which was produced by InvestorIntel Corp., (IIC), does not contain, nor does it purport to contain, a summary of all the material information concerning the “Company” being interviewed. IIC offers no representations or warranties that any of the information contained in this interview is accurate or complete.

This presentation may contain “forward-looking statements” within the meaning of applicable Canadian securities legislation. Forward-looking statements are based on the opinions and assumptions of the management of the Company as of the date made. They are inherently susceptible to uncertainty and other factors that could cause actual events/results to differ materially from these forward-looking statements. Additional risks and uncertainties, including those that the Company does not know about now or that it currently deems immaterial, may also adversely affect the Company’s business or any investment therein.

Any projections given are principally intended for use as objectives and are not intended, and should not be taken, as assurances that the projected results will be obtained by the Company. The assumptions used may not prove to be accurate and a potential decline in the Company’s financial condition or results of operations may negatively impact the value of its securities. Prospective investors are urged to review the Company’s profile on Sedar.com and to carry out independent investigations in order to determine their interest in investing in the Company.

If you have any questions surrounding the content of this interview, please contact us at +1 416 792 8228 and/or email us direct at [email protected].

As the U.S Federal Reserve potentially approaches the end of their interest rate rising cycle the gold selector will likely swing back into favor. This is because gold stocks tend to perform better when rates are not rising or are falling. For now it looks like the Fed will soon pivot to slowing down interest rates rises and we may reach peak interest rates in H1, 2023, assuming inflation continues to decline from the latest CPI reading of 7.7%. Also given that the equity markets tend to look forward by about 6 months, it may well be time to take a look again at some gold mining companies, many of which have been beaten down in 2022.

Romios Gold Resources Inc. (TSXV: RG | OTCQB: RMIOF) (“Romios”) is advancing its gold, silver, and copper properties in Canada and the USA. Several of Romios’ properties are located in Canada’s Golden Triangle, a region famous for large gold discoveries and mines.

Romios’ properties include:

• Golden Triangle (British Colombia, Canada) (flagship region with 79,789 ha) – Trek North, Trek South, JW, North West & Porc, Royce, Southwest Block, Northeast Claim Block, Andrei, Boulder. (Note: Several are shown on the map below)
• Ontario (Canada) – Lundmark-Akow Lake, North Caribou River, Arseno Lake, Eyap Lake, Markop Lake.
• Quebec (Canada) – La Corne Molybdenum Project.
• Nevada (USA) – Scossa Mine, Kinkaid Project.

Romios Gold’s claims in the Golden Triangle of British Columbia, Canada

Romios has discovered a major geophysical target beneath the Trek South Project in BC, Canada

Romios has had several exciting pieces of news lately.

As announced on November 9, Romios has discovered a major geophysical target beneath the Trek South Project. Romios stated: “2022 IP (Induced Polarization) survey at Trek South has detected a strong IP chargeability high interpreted to be >800 m long and up to 500 m wide that extends beyond 600 m depth beneath both a large, newly discovered, copper and tungsten bearing skarn, and the ~1 km wide porphyry-style alteration and mineralization zone discovered in 2021.”

Romios’ CEO and President, Mr. Stephen Burega, commented: “The combination of a large skarn target flanking an intrusion that is a potential host to porphyry type mineralization creates a drill target of the highest priority that will require a substantial financial commitment, and we are actively engaged in identifying a potential partner to bring their expertise and funding to support this important program.”

The Trek South 3D chargeability model derived from IP data. Chargeability highs in red are believed to reflect sulphide mineralization beneath the exposed porphyry and skarn mineralization.

As announced on October 13, Romios has expanded the known extent of mineralization at the TOE Zone on Romios’ Trek Property in the Golden Triangle of NW British Columbia. Romios stated: “The known extent of this mineralization was increased by 75% in 2022 and it is believed that there is room for substantial expansion as many of the showings trend off under overburden.” Romios President & CEO, Stephen Burega, stated: “We are very encouraged by the latest results from the TOE Zone, especially given its close proximity (600 m) to our Trek South porphyry Cu-Au-Ag target, which is Romios’ current primary focus in the Golden Triangle…..This is one of several historic high-grade showings on Trek that we expect to include in the anticipated future drill program at Trek South.”

As announced on September 29, Romios has now completed an extensive exploration program on six of the company’s projects in the Golden Triangle of northwestern British Columbia. Romios stated: “Field observations on some of the claim blocks are very encouraging, particularly those from the Trek South Porphyry Cu-Au-Ag prospect.” At Trek South the IP survey and a Magnetotelluric Survey have been completed. These will be used to produce 3D modelling that will give a better idea of the potential target. Stephen Burega, President and CEO, stated: “The 3D modelling will be key to opening conversations with potential funding partners for the Trek South prospect……We are looking forward to correlating these results with the mineralized surface exposures, and to sharing more in the near future once the modelling is completed.”

The next several months look to be very exciting for Romios investors as the company potentially moves forward towards drilling their very exciting geophysical target at the Trek South Project. The region and past work suggest the possibility of discovering a significant copper-gold-silver system.

Romios Gold Resources trades on a market cap of C$8M, so clearly any significant drill results can be company changing.

In this InvestorIntel interview, host Tracy Weslosky talks to Signature Resources Ltd.‘s (TSXV: SGU | OTCQB: SGGTF) President, CEO, and Director Robert Vallis about the company’s progress toward its initial NI 43-101 resource report for its Lingman Lake Gold Project, located in the prolific Red Lake district in Northwestern Ontario, Canada.

In the interview, which can also be viewed in full on the InvestorIntel YouTube channel (click here to access InvestorChannel.com), Robert tells Tracy that they have “worked very hard to put in place many of the key fundamental pillars for developing value in the company. We’ve established a a modern exploration camp, we’ve advanced the data and the collection of data towards developing an initial 43-101 resource… Beyond that, it’s unlocking the vast regional potential that we’ve secured in the control of an entire greenstone belt.”

Robert also talks about the importance of a project’s “DNA”.  Lingman Lake “checks pretty much every box,” he says, “starting with the fact that it’s in one of the best jurisdictions on the planet not only from past and current producing but also from geologic potential.” He goes on to say “that massive land package that we control, which controls an entire greenstone belt and hosts our Flagship Lingman Lake Project, is the reason why we’re doing this. It’s in the backyard of an established gold producing district, that being the Red Lake District where over 80 million ounces have been produced.” Even so, Robert continues, Signature Resources is working in an area that is is relatively unexplored and sees the key to unlocking its value is “through the drill bit.”

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About Signature Resources Ltd.

The Lingman Lake Project consists of 1,434 staked claims, four freehold fully patented claims and 14 mineral rights patented claims totaling approximately 27,113 hectares. The property includes what has historically been referred to as the Lingman Lake Gold Mine, an underground substructure consisting of a 126.5-metre shaft, and 3-levels at 46-metres, 84-metres and 122-metres depths.

To learn more about Signature Resources Ltd., click here

Disclaimer: Signature Resources Ltd. is an advertorial member of InvestorIntel Corp.

This interview, which was produced by InvestorIntel Corp., (IIC), does not contain, nor does it purport to contain, a summary of all the material information concerning the “Company” being interviewed. IIC offers no representations or warranties that any of the information contained in this interview is accurate or complete.

This presentation may contain “forward-looking statements” within the meaning of applicable Canadian securities legislation. Forward-looking statements are based on the opinions and assumptions of the management of the Company as of the date made. They are inherently susceptible to uncertainty and other factors that could cause actual events/results to differ materially from these forward-looking statements. Additional risks and uncertainties, including those that the Company does not know about now or that it currently deems immaterial, may also adversely affect the Company’s business or any investment therein.

Any projections given are principally intended for use as objectives and are not intended, and should not be taken, as assurances that the projected results will be obtained by the Company. The assumptions used may not prove to be accurate and a potential decline in the Company’s financial condition or results of operations may negatively impact the value of its securities. Prospective investors are urged to review the Company’s profile on Sedar.com and to carry out independent investigations in order to determine their interest in investing in the Company.

If you have any questions surrounding the content of this interview, please contact us at +1 416 792 8228 and/or email us direct at [email protected].

Gold prices have historically risen in response to macroeconomic trends such as inflationary pressure and market uncertainty. As we head into another period of unprecedented economic upheaval, gold is once again emerging as a shining star in the investment universe.

One Canadian company focused on exploring and leveraging the largely unexplored region of Newfoundland, Canada, is Leocor Gold Inc. (CSE: LECR | OTCQB: LECRF). Newfoundland has a long history of mining operations, and has attracted considerable recent interest and exploration capital by a large number of gold and mineral companies.

Under CEO and Director Alex Klenman, Leocor has put together a team with the experience and expertise to explore and capitalize upon this opportunity. Leocor’s Technical Advisor Shawn Ryan is a renowned prospector who has been able to utilize his prospector skills to find valuable gold deposits. A New York Times profile went so far as to describe Ryan as “the king of a new Yukon Gold rush” before he turned his attention to the prolific Newfoundland region.

Leocor is focused on a handful of projects in the Newfoundland region, including the Western Exploit District. The company’s three contiguous projects represent a 144,000 hectare land package in the heart of Newfoundland. Ryan introduced Leocor to this project, and his data and analysis suggest this project has the potential for new gold discoveries at scale.

Property location map. Source: company website

On July 27, 2022, Leocor announced the results of a 2021 exploration program in the Western Exploit District project known as the Hodges Hill property. Their team performed soil sampling, LiDAR surveys, and airborne magnetic-VLF surveys. The results of this exploration program identified 12 potential gold targets at the Hodges Hill property. The exploration program reported soil samples that ranged from trace to 1018.5 ppb Au, with 25 samples containing more than 50 ppb Au.

Additionally, the program also suggested the likelihood of a large body of pyroxene gabbro. This material has been associated with gold mineralization in the area. Research from the Geological Survey of Canada found that pyroxene gabbro was key to the development of the Marathon Gold’s Valentine Lake deposits. The next step at this site is to perform follow-up work, such as geologic mapping, to identify high-priority targets for drill testing.

In addition to the Hodges Hill property, Leocor also announced in June that it had mobilized drilling at their Baie Verte project located in northwest Newfoundland. The company had previously announced the results of 2021 exploration activities, which identified a 7-kilometer northeast trending zone of anomalous gold in the soil and a 4-kilometer subparallel trend of anomalous copper in the soil.

Along this zone, the company identified multiple targets. These results were better than what was anticipated with this project. In particular, there is structurally controlled gold mineralization that bears similarities to the nearby Pine Cover Mine. This news led to the start of a rotary air blast (RAB) drilling program.

This program will test at least six target areas for gold and/or copper mineralization. The company plans to drill between 25 to 30 RAB holes. If the results of the program are promising, then Leocor plans to follow up with additional diamond drilling. No results have been reported yet.

The past few years have seen a new Newfoundland gold rush, with many new discoveries and companies now on the way to production. Leocor’s Technical Advisor Shawn Ryan has shown a nose for discoveries. While it is early days for Leocor, Newfoundland is definitely the place to be, and with inflation or other market forces exerting upward pressure on long-term gold, discoveries can help bring explorers to the attention of investors.

Today I want to look at a small, but intriguing exploration play. But first let’s address the price of gold, as in, what’s going on?

In recent weeks, gold has traded in a range, more or less around the high (USD) $1,700s per ounce. The metal has had a tough time even breaking $1,800 lately.

Many things contribute to gold currently being stuck in neutral. The U.S. dollar has been remarkably strong against other currencies, so that alone helps keep a lid on the gold price. And the Federal Reserve has raised interest rates, which makes bonds more attractive and adds opportunity cost to holding a stash of gold metal.

Meanwhile, modern economic and academic culture holds gold in disdain, based on several generations of people learning in school that gold is an outdated form of wealth protection, let alone a way to grow wealth over time.

The point is, some things are out of our control. The price of gold is what it is. Markets do what they do. The culture is fixed and it’s not as if you or I can change things.

Meanwhile, many gold mining junior companies – explorers and early stage developers – are badly beaten down in the markets. They are way oversold and there’s opportunity to be had in this situation.

Right now, across the gold and mining investment space, there’s no particular excitement for the gold juniors, especially the explorers and early-stage developers, outside of an occasional hot press release about drilling results, and even then we usually see a slight uptick followed by a sell-side downdraft.

In essence, gold is in a holding pattern in terms of price, while the junior sector is just treading water in the case of most companies. There’s little new money moving in, that’s for sure.

So it can all seem pretty grim. But it also sets up opportunities for immense profit downstream if you are in a position and mindset to buy, hold and wait for the wheels of fate to turn.

I like to focus on a few investment basics. That is, I look for companies with solid assets, great technical teams and superb management. These companies hold mineral claims in safe jurisdictions. They don’t do “vaporware,” meaning that they hold real minerals in the rocks. You can see a current resource, or anticipate a worthy and solid report coming down the line. And people running the show know what they’re doing.

Sooner or later, the upside will arrive and some of these plays have the opportunity to become attractive to far more than just the current crowd of gold and mining die-hards.

One company like this, which I’ve watched for a while, is Romios Gold Resources Inc. (TSXV: RG | OTCQB: RMIOF). Currently trading at around US 3 cents per share (about 4 cents Canadian) Romios Gold’s market cap is about $7 million (U.S.). It’s small, but despite this, Romios holds a collection of assets that ought to prompt gold investors to take a serious look.

Romios holds claims in the Golden Triangle of British Columbia, in much the same geology and along many of the same trends as such names as Brucejack, Eskay and Galore. Field work reveals excellent gold potential, along with copper mineralization in likely porphyry structures.

Romios also holds claims in Ontario, near the massive Musselwhite gold project. Romios has much the same geology underfoot as the past and presently working mines, again with excellent gold upside potential.

In addition, Romios holds mining claims in Nevada, in hard-rock areas in the west of the state. That is, it’s not Carlin-style gold, with all the problematic issues that come with exploration and production of that kind of rock. Instead, Romios works in classic mining country, and has already identified mineralized zones with visible gold within extensive vein systems.

Each of these locales – B.C., Ontario and Nevada – have their own geological story to tell. And at this stage I won’t belabor the points or write extensive geological descriptions. Those details can be found on the company’s website, along with recent press releases.

Meanwhile, from public documents and discussions with management I know that Romios has been gathering field data over the past year, and especially over this summer. Some press releases to date from Nevada have been remarkable in terms of gold and copper.

Like many junior miners, Romios holds a larger inventory of mineralized claims than its bank accounts can afford to explore, let alone develop. Then again, that’s what joint ventures and similar kinds of deals are made for. There’s no reason to think that Romios will continue to work alone, and solely on its own account. More likely, we’ll see some dealmaking. And those deals will begin to shine light on what the company has in the barn, so to speak.

Indeed, the old term “barn find” is apropos for Romios. To use an analogy, I’m reminded of the stories you occasionally hear about someone who discovers a collection of classic old cars sitting under canvas tarps in some old barn out in the middle of the countryside. There’s definite potential for a Wow-factor here as you pull back the tarps.

With Romios that wow-factor pertains. The company holds an impressive inventory of assets with strong potential upside. At this point the real question is how long, and what level of investment will it require to bring one or more of these assets to the attention of a marketplace that’s currently bored, if not downright demoralized.

As the summer field season finishes up, and we move into the fall, I suspect it will be worth watching for more news from Romios.