Taylor Dart’s New Seeking Alpha Article – 2 Gold Juniors Ripe For Takeovers
Aurelian Resources is arguably one of the most impressive gold explorers of the past 20 years. The company’s hole 198, which made it famous, intercepted 38 grams per tonne gold over 95 meters. It then followed up with another intercept of 250 meters of 35.2 grams per tonne gold. Mariana is certainly in Aurelian’s league, as drill intercepts of this thickness rarely are accompanied by more than 10 grams per tonne gold.
Mariana Resources is a relatively small junior explorer with 120 million shares outstanding. The Hot Maden project currently holds an extremely high-grade resource of 3.5 gold million ounces at a gold equivalent grade of 15.0 grams per tonne. The project was put on investors’ radar last year, after the company released a discovery hole of 103 meters at 9 grams per tonne gold. The initial discovery hole was considered a one-off by many investors, as many gold explorers can get lucky with one big intersection. However, excitement began to grow when, a week later, Mariana released another intercept of 82 meters at 20.4 grams per tonne gold and 1.94% copper. Since then, the company has continued to release outstanding intercepts, such as 71 meters at 32.7 grams per tonne gold in HTD-34. These follow-up drill holes are proof that the first few holes at Hot Maden were not simply one-hit wonders. – Read More
“Integra Gold is a company I’ve had my eye on for a while, but only recently decided to do a bit more digging. It owns the Lamaque Gold project in Val-d’Or, Quebec. The company has 500 million shares outstanding and $42 million in cash. At a current share price of $0.76, this translates to an enterprise value of $338 million. Integra has made significant progress the past couple of years by acquiring a mill to lower infrastructure costs, and significantly advancing its deposits. The company’s Triangle deposit currently holds a resource of 1.5 million ounces at roughly 7 grams per tonne gold. The Triangle deposit is just over 2 kilometers from Integra’s Sigma Mill, which should make production very economically favorable.” – Taylor Dart
- The Gold Juniors Index has corrected over 20% from its August highs.
2. Gold continues to hold support at the $1,250/oz range, which is putting a floor for the time being under the junior miners.
3. Mariana Resources and Integra Gold Corporation are getting no credit for their exceptional drill results as of late.