By Jay Martin –
on October 7, 2020
The Drill Kings of Nevada
New Placer Dome Gold Corp.
Earlier this week we issued an alert about a team that is making all sorts of moves in Nevada.
They’re run by two young, passionate, extremely hardworking people: Max Sali and Brad Telfer.
In 2018, they tried to get a check from legendary resource investor Rob Sali.
They decided not to go after just any asset. No, they went after one that big names had been trying to acquire for a decade: the Bolo project.
Max and Brad’s pedigree is incredible: Their dads are highly regarded names in the finance and mining industries.
Using those connections and a few personal friendships, they signed an option agreement for the Bolo project. No easy feat.
In short, this team got it done. And then added a second remarkable project – AND consulting team.
This is called walking the walk.
They’re the next generation of world-class gold junior leadership.
The Gold Mining A-Team with Incredible Exploration Upside
Since last fall, the company completed a 1,832m drill program at its former flagship Bolo project. They’re still drilling there, and recently completed an additional 2,301 meters.
The drilling delivered some of the most significant gold intercepts in the entire year of exploration in Nevada.
It showed both high-grade oxide from the surface and new high-grade oxide discovery at depth.
They also signed an option agreement to acquire the Kinsley project from Liberty Gold (which soared from 32 cents in 2019 to over $2.30).
The Kinsley gold project would EASILY be the lone flagship asset of ANY other junior miner.
This was a grand slam deal for Sali and Telfer.
That project already has a National Instrument 43-101 Indicated resource containing 418,000 ounces of gold grading 2.63 g/t Au (4.95 million tonnes) and Inferred resource containing 117,000 ounces of gold averaging 1.51 g/t Au (2.44 million tonnes).
More than 80% of the Kinsley property remains untested by drilling.
The company has locked in CAD$12M in equity financing in a bad market.
That will provide at least double the funds they need for all planned drilling and exploration on their current projects:
| Kinsley Consideration
| Kinsley Exploration
||Up to USD$4.15M
| Bolo Exploration
| Troy Canyon Consideration
This company, New Placer Dome, has put together an incredible team of geologists and advisors with projects that already contain high grade gold:
Moira Smith (Liberty Gold Corp.) – Advanced the famous Long Canyon deposit for Fronteer Gold before it was sold for over $2 billion. She is considered by some analysts as “the greatest living geologist”.
Cal Everett (Liberty Gold Corp.) – The CEO of $500 million market cap Liberty Gold which entered into the transaction with New Placer Dome Gold Corp. for the Kinsley project. Liberty Gold Corp. owns a significant chunk of the Kinsley project and picked NGLD to take the reins of the project.
Jim Grieg – He’s the President of Benchmark Metals, which has returned 300% in three months. And he’s now helping New Placer identify and make new acquisitions for their portfolio.
Mac Jackson – He’s just joined as a technical advisor. Mac is one of a kind. He has contributed to the discovery and development of several multi-million-ounce gold deposits. (For perspective, only twenty-five deposits larger than two million ounces have been discovered in the past decade).
Together, this management team has assembled three knock-out projects that provide spectacular opportunity for growth through the drilling truth machine.
And they’re all located in one of the best gold mining jurisdictions in the planet – Nevada.
There’s no denying the massive momentum behind gold’s recent surge in popularity.
At the same time, the markets are tightly coiled up for a massive correction.
When the younger crowd’s portfolios start to drop, and they see the potential for enormous returns in junior companies in the resource sector, they’ll be racing to get in.
But I can’t stress this enough: gold stocks are a very high-risk, high-reward sector.
It’s not unreasonable, however, to see a 200%–1,000% gain if you pick right.
Especially in a STRONG gold market like we have today, where the best deals are in a great sweet spot.
All you have to do is find the right stock, then get in at the right price - before it really starts to take off.
For those of you who aren’t already familiar, this is what I use to find promising gold juniors:
As in the end, every investor’s goal is to PROFIT.
Which is why we’ve put together a full report on New Placer Dome Gold Corp (NGLD.V).
CEO, Cambridge House
About the Author
His ideal day begins with a hard workout followed by dark coffee and a couple hours to read anything related to futurism and...