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Gold To Stage A Huge Comeback This Summer: “Investors Have Resorted To Putting Their Money Into Safe-haven Assets To Guard Themselves”

June 27, 2017 Leave a comment

 

We are officially in the first innings of a 2017 gold rush, as gold demand threatens to outstrip supply for the first time in decades—but it’s not going to be costly underground mining that brings in the profits …

And many will be turning to Canada… where the government is now welcoming open pit mining in the “land of gold”… Nova Scotia.

Pressed for novel solutions, geologists in places like Canada are now working to pull gold from football field-sized open gold pits rather than seeking the yellow metal in more cumbersome and expensive underground operations.

As every investor knows, gold remains the pre-eminent and time-tested safehaven asset for hedging against macroeconomic upheavals.

One explorer, right in the center of Nova Scotia’s gold rush is a small-cap company sitting on a potential $560 million in gold.

A little-known company called Osprey Gold (TSX:OS.V; OTC:OSSPF) has moved into the largest historic gold producing area in Nova Scotia–armed with unprecedented new technology that gives it cheaper access to gold in open pits. Across the street, Atlantic Gold Corp. turned its similar project into a $250-million gold mine, and now Osprey is gearing up to pursue the same success.

Enter … The Nova Scotia Gold Rush

While everyone was moving out West to San Fran in 1848…The “little known Nova Scotia gold rush” was minting millionaires on the East coast.

Canada is the world’s 5th largest gold producer, and Nova Scotia is a classic high-yield brown field gold province. And it’s home to some of the highest-grade gold fields in the country. Here, grades as high as 14g/tonne are not uncommon.

So well-endowed is Nova Scotia that it has supported three major gold rushes that churned out about a million ounces of the metal in the process.

osprey-1

Nova Scotia’s mines have been closed since World War II due to disruptions by the war and things never got going again… until now.

A new discovery has opened up a wealth of opportunity, and you can expect to hear about a new Nova Scotia gold rush soon.

It’s hardly surprising that miners… with new technology… are rushing back in to scoop up the easy pickings. The first companies to take advantage of this technology are almost guaranteed of fat returns.

Companies like Atlantic Gold Corp (TSX:AGB), which is working on the rich Moose River Consolidated project, is one. Atlantic is currently expanding known regions and finding disseminated zones of mineralization. Not only that, their first pour is scheduled for September this year.

And…

Osprey Gold (TSX:OS.V; OTC:OSSPF) is starting down the same track. Osprey has now moved into the largest historic gold production area in Nova Scotia–Goldenville.

Goldenville

A gold miner’s dream.

A place so legendary and rich in gold that it has churned out more gold than any other historic mine in Nova Scotia.

Here are five key reasons why you should keep an eye on this junior gold explorer.

Reason #1: Ideal Location

osprey-2

osprey-3

Osprey’s gold assets are located in a prime geological area.

In fact, Goldenville, Osprey’s most highly-prized asset, is Nova Scotia’s most prolific gold camp. The property produced 212,300 oz of gold between 1862 to 1942. As recent as 2005, Acadian drilling found 109,676 tonnes grading at 10.76g/tonne and another 533,799 inferred tonnes grading at 14.26 g/tonne.

And, Goldenville happens to be in the same stratigraphy as Atlantic Gold Corp’s rich Moose River deposits. Osprey’s approach is similar to Atlantic’s in that it seeks to define open-pittable deposits in the gold fields. Atlantic Gold Corp’s share price has risen over 113 percent since January, and now it’s worth about $245 million, creating enormous investor returns.

If you missed out on the Atlantic Gold Corp. wave, Osprey could offer the next best chance to enjoy super-sized returns.

Not only is this the BEST location…but it’s “right across the street” with infrastructure already in place.

Goldenville Infrastructure and Claim Blocks

osprey-4

This is a secure political jurisdiction with great infrastructure that allows the company to do cheap exploration. Canada is exactly this: If you can produce gold in Canada and sell it in U.S. dollars it’s a huge advantage due to the strength of the U.S. dollar.

Reason #2: New Technology + Open Pit Mine

Gold miners in Nova Scotia have traditionally tracked high-grade veins in underground operations. But geologists have recently developed a technology that allows miners to assess mineralization of host rocks through which gold veins run. For the first time in the history of the gold industry in Canada, it’s now possible to mine gold in open pits rather than underground mines. This comes with obvious advantages:

  1. Lower production costs,
  2. Reduced risks,
  3. Improved ability to scale.

The Goldenville property has the potential to benefit from these advantages. It consists of a structurally controlled slate belt with vein hosted disseminated mineralization. Up to 46 sequenced vein packages have already been identified.

This is unlike any other place in the world because rocks from nearly every age of earth are exposed. From 1.5 billion years… to today. And in one simple strip… you can find this Nova Scotia gold.

Goldenville Geology and Mineralization

osprey-5

Two drill holes sunk in 1997 about 3km to the west of the Osprey property returned 1.33g/tonne of ore held in veins and slate host rocks at a depth between 54.2 meters and 74.4 meters.

Reason #3: Excellent Growth Runways

One of the major criteria that successful investors use to identify potential winning investments is a sound business model and a fair valuation.

And that’s precisely the reason why Osprey Gold (TSX:OS.V; OTC:OSSPF)  offers such an attractive value proposition.

The company already has a clear path to owning at least four gold assets in Nova Scotia: Goldenville, Lower Seal Harbour, Gold Lake and Miller Lake projects.

The company’s assets hold 447,000 ounces of gold uncapped.

That’s at least 447,000 ounces of gold by Osprey!

So basically we are talking about a $10.3-million market cap company sitting on $560 million worth of gold!

That’s a potential 75x increase in value for Early-in investors!

Orex Exploration (OX: TSX-V) another listed junior, recently merged with Anaconda. It also owned a single similar asset in Nova Scotia. This asset is at only a slightly advanced development stage than Osprey’s assets, yet the company was valued at $11.1 million. That’s 1.5X higher valuation than Osprey currently.

Whichever way you slice it, Osprey Gold seems like a solid investment with very good potential for strong returns.

Reason # 4: Mining Legends With Hand-On Experience

There is a highly competent team behind Osprey Gold (TSX:OS.V; OTC:OSSPF)  driving this vehicle, which is a huge plus in the highly competitive gold industry.

Adrian Fleming, Chairman and Director–has accumulated more than 35 years in the mining industry. He was the president of Underworld Resources of the White Gold Project. Underworld was recently acquired by Kinross Gold for $139 million. He also played a big role in major discoveries, including Hope Bay and Porgera.

Cooper Quinn, President and Director– former Senior Geologist with Underworld Resources, Mr. Quinn has worked extensively at several exploration and development companies in North America, Europe, South Pacific Islands and Greenland.

Jeffrey R. Wilson– has 20 years of experience in mining exploration and investment industries. Current president and CEO of Precipitate Gold Corp. Has raised seed capital of more than $50 million through his vast wealth of contacts in the industry. Mr. Wilson has been involved in several successful and profitable buy-outs by major mining companies.

Another director, Greg Beischer, is also the President and CEO of another successful project generator, Millrock Resources, and he’s been involved in mining and exploration for three decades.

So Osprey has a great team at the helm, with team players that know how to grow a company from ground to bar!

Reason # 5: The Gold Bug Bites Again

With geopolitical tensions across the world on the increase, investors have resorted to putting their money into safe-haven assets to guard themselves against possible currency devaluations.

Most notably, there has been a dramatic increase in cryptocurrency investment, with Ethereum up 4,500 percent year-to-date.

But with cryptocurrencies being notoriously volatile, falling up to 96 percent in one day, attention is returning to gold, and fast!

The gold bug has bitten again!

That means GROWING demand for gold for years to come.

Gold exports for all major producers except the Middle Kingdom fell in 2016 for the first time since 2008.

Gold supply is already in the first stages of a cyclical downturn, meaning supply is bound to grow even tighter in the coming years.

Old mines that use outdated mining technologies are no longer profitable for a lot of miners, forcing them to fold up operations in droves.

Gold belts such as Nova Scotia where new techniques such as open-pit mining are now possible will realize significant cost savings and higher margins than their older counterparts. You can bet that this is where many miners will be swarming over the next few years.

Companies like Osprey Gold that have already secured the richest mining areas stand a good chance of enjoying the best returns for years to come.

Major Announcement Coming Soon

Osprey recently located and acquired a package of digitized historical data for all its four major assets. The data includes ground geophysical surveys, diamond drill logs, and surface geochemical data. This includes data that was previously not in the public domain.

The latest Resource Estimate Update by the company showed a 60 percent increase in inferred resources at the Goldville project.

Osprey has continued assessing and acquiring drill cores from other companies that have explored the Goldenville resource, and is currently assessing other opportunities as well. The company plans to kick off the first drill program at Goldenville during the third-quarter and provide an updated resource estimate for the entire body of works during the fourth quarter of the current year, or the first quarter of 2018.

The company’s unique prospecting approach means that not only are its gold resources likely to increase over the coming months, but it’s also likely to find NEW opportunities to buffer the single asset risk. Don’t be surprised if the company’s management announces another acquisition on the cheap before long. After all, this is a team of expert negotiators and anything is the cards with these guys.

Remember … with the company currently valued so cheaply, any significant progress or new discoveries could possibly drive sizable price action for Osprey shares.

So, Osprey Gold (TSX:OS.V; OTC:OSSPF) could be the next Atlantic Gold Corp. in the making.

By. James Burgess

Legal Disclaimer/Disclosure: This piece is an advertorial and has been paid for. This document is not and should not be construed as an offer to sell or the solicitation of an offer to purchase or subscribe for any investment. No information in this Report should be construed as individualized investment advice. A licensed financial advisor should be consulted prior to making any investment decision. We make no guarantee, representation or warranty and accept no responsibility or liability as to its accuracy or completeness. Expressions of opinion are those of Oilprice.com only and are subject to change without notice. Oilprice.com assumes no warranty, liability or guarantee for the current relevance, correctness or completeness of any information provided within this Report and will not be held liable for the consequence of reliance upon any opinion or statement contained herein or any omission. Furthermore, we assume no liability for any direct or indirect loss or damage or, in particular, for lost profit, which you may incur as a result of the use and existence of the information, provided within this Report. All content contained herein is subject to the terms and conditions set forth in the original article posted on Oilprice.com and subject to the terms and conditions therein.

Mexico Begs For Help In Dire Situation, FBI Called In To Investigate President Nieto

June 27, 2017 Leave a comment

Ricardo Sanchez, spokesman for Mexico’s Attorney General, announced a request for the U.S. FBI to independently analyze cell phones and records which are evidence in a controversial investigation. Mexico’s President, Enrique Peña Nieto, is accused of ordering the surveillance of reporters and activists. Those involved recently filed suit in Mexico claiming their phones had been targeted by sophisticated techniques to install programs that are only sold to government agencies. Calling the charges “false,” Peña Nieto welcomes the investigation.

Enrique Peña Nieto took office in 2012, promising to “lift Mexico to its rightful place on the world stage” and his party started making needed changes. All of that hit a brick wall by 2014 as the Peña Nieto administration was bogged down with a growing list of scandals. Included were 43 student teachers vanished after clashing with police and Peña Nieto’s wife was accused of landing a sweetheart deal on a multi-million dollar home. As the President’s approval rating fell through the floor, it was the journalists, activists and lawyers responsible for bringing the issues to light that took the heat.

Preliminary investigations show the phones involved were infected by a program called “Pegasus” that was created by an Israeli cyber weapon manufacturer, NSO group. They only sell the program to governments and make them agree to only use it in connection with suspects of terror groups, drug cartels and other serious criminals. At least three of Mexico’s federal agencies own almost $80 million worth of the firm’s products.

Pegasus “infiltrates smartphones to monitor every detail of a person’s cellular life — calls, texts, email, contacts and calendars. It can even use the microphone and camera on phones for surveillance, turning a target’s smartphone into a personal bug.” Before it can do that, the owner has to be tricked into clicking a link to install the software.

Juan E. Pardinas, general director for Mexican Institute for Competitiveness has been aggressive in bringing anti-corruption laws. Both his wife’s iPhone and his were targeted. “We are the new enemies of the state,” he says.

While at the beach with his family just before Christmas in 2015, Pardenas’ phone got an unusual text. “My father died at dawn, we are devastated, I’m sending you the details of the wake, I hope you can come.” Whoever sent it was not one of his contacts. He showed it to his wife and ignored it. After continuing his criticism of the government, another text came in that referred to the name of his company. Again he was suspicious and chose not to click the link.

After more similar attempts, the focus shifted to his wife. She got a text saying there were leaked videos of her husband having sex with a staff member. The same text was sent to a co-worker of Pardenas. By August, he got one at work saying there were armed men in a truck outside his house. Pardinas called home to have his wife look out the window. “By the end, my wife had Olympic-style training in this hacking stuff.”

Carmen Aristegui, broke the “Casa Blanca” story about a special deal the President’s wife got on a house.

The scandal forced her to give it up but they managed to avoid a government inquiry and the President was eventually cleared. Aristegui was fired. She also relates she was subjected to lawsuits, office break-ins and threats as revenge for her reporting. Then the strange texts started. One about a missing child, then an alert about her credit card. One particularly noteworthy seemed to come from the American Embassy and said there was a problem with her Visa, which is a violation of U.S. law. Similar to what happened with Pardenas, when they could not get her to take the bait, they targeted her 16-year-old son who was living in the U.S.

Loret de Mola who is a newscaster for Televisa was targeted by at least eight messages containing the Pegasus software. Mario E. Patrón, a human rights activist, working on the disappearance of several students, was infected when a text came in looking like a news story he was expecting. When he opened it, a blank page came up. Just like that, “he fell into their trap.” Two lawyers working with the group were also infected.

While there is no firm proof that the Mexican government was responsible, the government owns and uses the software involved. Each of the hacking episodes were personalized to the target. Those targeted were very effective critics of the administration. According to cyber security experts, the quality of the hacking tools used is “as good at it gets.” It is very unlikely that this is the work of cyber-criminals.

After looking at the data already discovered, most of the experts agree that there are not many doubts either the Mexican government, or someone acting on their own within the government, was involved.

The government admits gathering intelligence legally against legitimate suspects and denies any surveillance without prior court approval. The security experts consulted say that is misleading and find it very unlikely the government ever even asked for approval to hack these particular phones. “Mexican security agencies wouldn’t ask for a court order, because they know they wouldn’t get one,” Eduardo Guerrero, formerly of Mexico’s intelligence agency said. “There, of course, is no basis for that intervention, but that is besides the point,” he added. “No one in Mexico ever asks for permission to do so.”

Oil climbs on weaker dollar, but rise in U.S. drilling drags

June 27, 2017 Leave a comment

Jane Chung

SEOUL (Reuters) – Oil prices rose early on Monday on a weaker dollar, but increased U.S. drilling activity stoked worries that a global supply glut would persist despite efforts by some producers to curb output.

Brent crude futures were up 24 cents, or 0.53 percent, at $45.78 per barrel at 0047 GMT (8.47 p.m. ET).

U.S. West Texas Intermediate (WTI) crude futures were up 21 cents, or 0.49 percent, at $43.22 per barrel.

The U.S. dollar index stayed low on Monday against a basket of currencies amid fading expectations for the Federal Reserve to hike interest rates again later this year. A weaker dollar also makes oil cheaper for countries using other currencies.

“Commodities stabilized after a turbulent week where most sectors suffered large falls,” ANZ bank said in a note. “A slightly weaker U.S. dollar also helped improve investor appetite.”

Although oil prices have bounced back from 10-month lows, they are still down about 13 percent since late May, when the Organization of the Petroleum Exporting Countries (OPEC) and some other producers agreed to extend a deal to reduce output by 1.8 million barrels per day (bpd) until the end of next March.

But crude supplies in the United States, which is not part of the OPEC-led deal, have been dampening the impact of curbs.

U.S. energy firms added 11 oil rigs in the week to June 23, bringing the total count up to 758, the most since April 2014, according to data from energy services firm Baker Hughes Inc.

Amid the rise in U.S. drilling activity, money managers cut net long U.S. crude futures and options holdings to their smallest long position since November.

(Reporting by Jane Chung; Editing by Joseph Radford)

New Ransomware Outbreak Hits Targets Worldwide Including Chernobyl Nuke Plant

June 27, 2017 Leave a comment

Malicious software utilizes same leaked NSA exploit used in WannaCry attack

A new ransomware outbreak utilizing a leaked NSA exploit is currently infecting computers across the globe, including those used to monitor radiation levels at Ukraine’s Chernobyl nuclear power plant.

Widely referred to as Peyta – though the attack is new and not a Peyta variant – the virus uses the same Windows SMB flaw that allowed last month’s WannaCry outbreak to spread so quickly.

The malicious software, which has thus far been detected in countries such as Russia, Ukraine, Poland, Spain, Italy, Germany, France, the UK and US, encrypts and alters critical system files before demanding $300 in Bitcoin.

Initially, nearly all antivirus programs were unable to detect the ransomware – which disguised itself as an approved Microsoft file.

Prominent victims include Denmark-based shipping firm Maersk, Russian oil company Rosnef, multinational law firm DLA Piper, medical facilities in Pittsburg as well as Ukraine’s central bank and the Chernobyl nuclear power plant.

The plant, which suffered a catastrophic nuclear accident in 1986, is still being decommissioned to this day.

According to a Ukranian newspaper, Chernobyl staff have been forced to begin monitoring radiation levels manually as their computers remain crippled. Vladimir Ilchuk, the plant’s shift director, said “excess levels of control” helped avert any potential radiation leaks.

Victims are being told not to pay the ransom as the email accepting Bitcoin payments – wowsmith123456@posteo.net – has been shutdown by the provider. Although Microsoft released a patch for the SMB vulnerability prior to the WannaCry outbreak, the exploit continues to be useful as countless computers have failed to apply the security update.

According to cybersecurity expert Matthew Hickey, co-founder of UK-based Hacker House, affected users can avoid having their files encrypted by turning off their computer when presented with the message below:

As of publication, those responsible for the outbreak have received 3.15303437 BTC or roughly $7422.05.

This story is developing and will be updated as new information becomes available.

Obama Secretly Set A War With Russia Into Action Before He Left Office

June 27, 2017 Leave a comment

Mac Slavo

Barack Obama was either very secretively cunning, or someone in his administration was.  Before there was an investigation into “Russian hacking,” which we’ve seen no shred of proof even happened, the former president ordered a retaliation against our Cold War foe, which could lead to war.

Before the tears of the saddened liberals dried after Donald Trump beat Hillary Clinton to become the 45th president, Obama was at it with his “pen and phone,” determined to destroy any chance Trump had at being a success. Obama, who was upset that Hillary Clinton would watch Donald Trump inaugurated as president, decided to shift blame to Russia. He authorized a covert cyber operation to deploy “implants” in Russian networks that could be triggered remotely in retaliation to any future cyber aggression by Moscow, The Washington Post reported Friday.

Since we have yet to see any evidence that Russian hacked the election, and admission from intelligence officials confirmed that no votes were changed because of the fabricated “meddling” story, Obama’s ticking time bomb of cyberwarfare could blow up in our faces.  After demanding the NSA infect Russian networks with the implants, he also made said implants difficult to remove.  Should the Russian government attempt to undo the actions of the emotional temper tantrum by Obama, they will be extremely discomforted.

putin-Fyou

The implants, developed by the NSA, are designed to hit Russian networks deemed “important to the adversary and that would cause them pain and discomfort if they were disrupted,” a former U.S. official told The Washington Post. Note the use of the word “adversary,” almost as if Obama’s goal was to begin a war with Russia. And to make matters worse, “U.S. intelligence agencies do not need further approval from (President) Trump, and officials said that he would have to issue a countermanding order to stop it,” the Post reported. “The officials said that they have seen no indication that Trump has done so.”

These implants could be “activated” if Russia interferes with another election, which is code for: should Trump win re-election in 2020.  They could also be used if Russia takes action against the United States, although there is no reason to suspect that they would. Vladimir Putin does not see the US as an enemy, so it appears that Obama is simply attempting to incite a war with the former Soviet Union.  It’s not really a secret that Obama and Putin didn’t like each other.

Putin is coming out of this looking like the bigger man.  He’s taken the evidenceless blame on his country with a grain of salt. Democrats and their warmongering leader, Obama, seem to insist on poking the Russian bear. Putin has so far, downplayed the retaliations against him, and his attitude regarding the media hysteria, which is leading to an another war, is actually cool and calm compared to those in our own government.  Actions taken by Barack Obama during his term could result in a war with Russia, in which the left with blame on Donald Trump.

North Korean Nuclear Threat “Top Priority” For Donald Trump

June 27, 2017 Leave a comment

ww3-explosion

Mac Slavo

The imminent nuclear threat from North Korea was addressed by CIA director Mike Pompeo during an interview with MSNBC’s Hugh Hewitt which aired Saturday.  Pompeo said that the topic was “at the top” of President Donald Trump’s mind.

Trump is concerned about North Korea’s nuclear capabilities daily.  The rogue nation has made many threats, and through tightening sanctions, have continued to test ballistic missiles and work toward obtaining a nuclear weapon. But Donald Trump is taking the threat of a nuclear-capable North Korea very seriously.

Pompeo said he and Trump talk for almost an hour every day, and that “I hardly ever escape a day at the White House without the President asking me about North Korea and how it is that the United States is responding to that threat.”  Pompeo added, “For 20 years, America has whistled past the graveyard, hoping on hope, that North Korea would turn colors and become part of the Western civilization. There’s no evidence that that’s going to take place, absent a very real, very concrete set of policies that put pressure on the North Koreans to denuclearize. I think that’s what you see Secretary Tillerson trying to do around the world.” Pompeo was referring to the State Department’s continued efforts to curb North Korea’s nuclear program.

“They are ever-closer to having the capacity to hold America at risk with a nuclear weapon,” Pompeo added.  Though the US and China have agreed on the urgency and goal of possible talks with North Korea, the topic of denuclearization remains completely off the table for North Korean leader Kim Jong Un. Under Kim, North Korea has rewritten its constitution to include nuclear weapons as a guarantor of its safety, and the threat of nuclear North Korea is growing.

In the meantime, the dictator of North Korea is living in fear that South Korea is working with Donald Trump on a plan to take North Korea’s tyrant down.  And South Korean intelligence services claim that the coordination between the US and South Korean forces have made Kim “extremely nervous,” according to the Korea Herald. Apparently, Kim has been riding in his subordinates’ cars and making fewer public appearances.

Trump is not the only person in the United States government taking a nuclear North Korea seriously. Although the Pentagon maintains that the US does not train for decapitation strikes of any kind, the threat from North Korea growing hotter every day.  Civilian casualties like Otto Warmbier may also signify that the US is preparing a quick strike option in case of an untenable provocation from the Kim regime.

 

Tensions Across The World Are Rising: “Investors Have Resorted To Putting Their Money Into Safe-haven Assets To Guard Themselves”

June 27, 2017 Leave a comment

This report from OilPrice.com is a paid advertorial

We are officially in the first innings of a 2017 gold rush, as gold demand threatens to outstrip supply for the first time in decades—but it’s not going to be costly underground mining that brings in the profits …

And many will be turning to Canada… where the government is now welcoming open pit mining in the “land of gold”… Nova Scotia.

Pressed for novel solutions, geologists in places like Canada are now working to pull gold from football field-sized open gold pits rather than seeking the yellow metal in more cumbersome and expensive underground operations.

As every investor knows, gold remains the pre-eminent and time-tested safehaven asset for hedging against macroeconomic upheavals.

One explorer, right in the center of Nova Scotia’s gold rush is a small-cap company sitting on a potential $560 million in gold.

A little-known company called Osprey Gold (TSX:OS.V; OTC:OSSPF) has moved into the largest historic gold producing area in Nova Scotia–armed with unprecedented new technology that gives it cheaper access to gold in open pits. Across the street, Atlantic Gold Corp. turned its similar project into a $250-million gold mine, and now Osprey is gearing up to pursue the same success.

Enter … The Nova Scotia Gold Rush

While everyone was moving out West to San Fran in 1848…The “little known Nova Scotia gold rush” was minting millionaires on the East coast.

Canada is the world’s 5th largest gold producer, and Nova Scotia is a classic high-yield brown field gold province. And it’s home to some of the highest-grade gold fields in the country. Here, grades as high as 14g/tonne are not uncommon.

So well-endowed is Nova Scotia that it has supported three major gold rushes that churned out about a million ounces of the metal in the process.

osprey-1

Nova Scotia’s mines have been closed since World War II due to disruptions by the war and things never got going again… until now.

A new discovery has opened up a wealth of opportunity, and you can expect to hear about a new Nova Scotia gold rush soon.

It’s hardly surprising that miners… with new technology… are rushing back in to scoop up the easy pickings. The first companies to take advantage of this technology are almost guaranteed of fat returns.

Companies like Atlantic Gold Corp (TSX:AGB), which is working on the rich Moose River Consolidated project, is one. Atlantic is currently expanding known regions and finding disseminated zones of mineralization. Not only that, their first pour is scheduled for September this year.

And…

Osprey Gold (TSX:OS.V; OTC:OSSPF) is starting down the same track. Osprey has now moved into the largest historic gold production area in Nova Scotia–Goldenville.

Goldenville

A gold miner’s dream.

A place so legendary and rich in gold that it has churned out more gold than any other historic mine in Nova Scotia.

Here are five key reasons why you should keep an eye on this junior gold explorer.

Reason #1: Ideal Location

osprey-2

osprey-3

Osprey’s gold assets are located in a prime geological area.

In fact, Goldenville, Osprey’s most highly-prized asset, is Nova Scotia’s most prolific gold camp. The property produced 212,300 oz of gold between 1862 to 1942. As recent as 2005, Acadian drilling found 109,676 tonnes grading at 10.76g/tonne and another 533,799 inferred tonnes grading at 14.26 g/tonne.

And, Goldenville happens to be in the same stratigraphy as Atlantic Gold Corp’s rich Moose River deposits. Osprey’s approach is similar to Atlantic’s in that it seeks to define open-pittable deposits in the gold fields. Atlantic Gold Corp’s share price has risen over 113 percent since January, and now it’s worth about $245 million, creating enormous investor returns.

If you missed out on the Atlantic Gold Corp. wave, Osprey could offer the next best chance to enjoy super-sized returns.

Not only is this the BEST location…but it’s “right across the street” with infrastructure already in place.

Goldenville Infrastructure and Claim Blocks

osprey-4

This is a secure political jurisdiction with great infrastructure that allows the company to do cheap exploration. Canada is exactly this: If you can produce gold in Canada and sell it in U.S. dollars it’s a huge advantage due to the strength of the U.S. dollar.

Reason #2: New Technology + Open Pit Mine

Gold miners in Nova Scotia have traditionally tracked high-grade veins in underground operations. But geologists have recently developed a technology that allows miners to assess mineralization of host rocks through which gold veins run. For the first time in the history of the gold industry in Canada, it’s now possible to mine gold in open pits rather than underground mines. This comes with obvious advantages:

  1. Lower production costs,
  2. Reduced risks,
  3. Improved ability to scale.

The Goldenville property has the potential to benefit from these advantages. It consists of a structurally controlled slate belt with vein hosted disseminated mineralization. Up to 46 sequenced vein packages have already been identified.

This is unlike any other place in the world because rocks from nearly every age of earth are exposed. From 1.5 billion years… to today. And in one simple strip… you can find this Nova Scotia gold.

Goldenville Geology and Mineralization

osprey-5

Two drill holes sunk in 1997 about 3km to the west of the Osprey property returned 1.33g/tonne of ore held in veins and slate host rocks at a depth between 54.2 meters and 74.4 meters.

Reason #3: Excellent Growth Runways

One of the major criteria that successful investors use to identify potential winning investments is a sound business model and a fair valuation.

And that’s precisely the reason why Osprey Gold (TSX:OS.V; OTC:OSSPF)  offers such an attractive value proposition.

The company already has a clear path to owning at least four gold assets in Nova Scotia: Goldenville, Lower Seal Harbour, Gold Lake and Miller Lake projects.

The company’s assets hold 447,000 ounces of gold uncapped.

That’s at least 447,000 ounces of gold by Osprey!

So basically we are talking about a $10.3-million market cap company sitting on $560 million worth of gold!

That’s a potential 75x increase in value for Early-in investors!

Orex Exploration (OX: TSX-V) another listed junior, recently merged with Anaconda. It also owned a single similar asset in Nova Scotia. This asset is at only a slightly advanced development stage than Osprey’s assets, yet the company was valued at $11.1 million. That’s 1.5X higher valuation than Osprey currently.

Whichever way you slice it, Osprey Gold seems like a solid investment with very good potential for strong returns.

Reason # 4: Mining Legends With Hand-On Experience

There is a highly competent team behind Osprey Gold (TSX:OS.V; OTC:OSSPF)  driving this vehicle, which is a huge plus in the highly competitive gold industry.

Adrian Fleming, Chairman and Director–has accumulated more than 35 years in the mining industry. He was the president of Underworld Resources of the White Gold Project. Underworld was recently acquired by Kinross Gold for $139 million. He also played a big role in major discoveries, including Hope Bay and Porgera.

Cooper Quinn, President and Director– former Senior Geologist with Underworld Resources, Mr. Quinn has worked extensively at several exploration and development companies in North America, Europe, South Pacific Islands and Greenland.

Jeffrey R. Wilson– has 20 years of experience in mining exploration and investment industries. Current president and CEO of Precipitate Gold Corp. Has raised seed capital of more than $50 million through his vast wealth of contacts in the industry. Mr. Wilson has been involved in several successful and profitable buy-outs by major mining companies.

Another director, Greg Beischer, is also the President and CEO of another successful project generator, Millrock Resources, and he’s been involved in mining and exploration for three decades.

So Osprey has a great team at the helm, with team players that know how to grow a company from ground to bar!

Reason # 5: The Gold Bug Bites Again

With geopolitical tensions across the world on the increase, investors have resorted to putting their money into safe-haven assets to guard themselves against possible currency devaluations.

Most notably, there has been a dramatic increase in cryptocurrency investment, with Ethereum up 4,500 percent year-to-date.

But with cryptocurrencies being notoriously volatile, falling up to 96 percent in one day, attention is returning to gold, and fast!

The gold bug has bitten again!

That means GROWING demand for gold for years to come.

Gold exports for all major producers except the Middle Kingdom fell in 2016 for the first time since 2008.

Gold supply is already in the first stages of a cyclical downturn, meaning supply is bound to grow even tighter in the coming years.

Old mines that use outdated mining technologies are no longer profitable for a lot of miners, forcing them to fold up operations in droves.

Gold belts such as Nova Scotia where new techniques such as open-pit mining are now possible will realize significant cost savings and higher margins than their older counterparts. You can bet that this is where many miners will be swarming over the next few years.

Companies like Osprey Gold that have already secured the richest mining areas stand a good chance of enjoying the best returns for years to come.

Major Announcement Coming Soon

Osprey recently located and acquired a package of digitized historical data for all its four major assets. The data includes ground geophysical surveys, diamond drill logs, and surface geochemical data. This includes data that was previously not in the public domain.

The latest Resource Estimate Update by the company showed a 60 percent increase in inferred resources at the Goldville project.

Osprey has continued assessing and acquiring drill cores from other companies that have explored the Goldenville resource, and is currently assessing other opportunities as well. The company plans to kick off the first drill program at Goldenville during the third-quarter and provide an updated resource estimate for the entire body of works during the fourth quarter of the current year, or the first quarter of 2018.

The company’s unique prospecting approach means that not only are its gold resources likely to increase over the coming months, but it’s also likely to find NEW opportunities to buffer the single asset risk. Don’t be surprised if the company’s management announces another acquisition on the cheap before long. After all, this is a team of expert negotiators and anything is the cards with these guys.

Remember … with the company currently valued so cheaply, any significant progress or new discoveries could possibly drive sizable price action for Osprey shares.

So, Osprey Gold (TSX:OS.V; OTC:OSSPF) could be the next Atlantic Gold Corp. in the making.

By. James Burgess

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