Location. Location. Location.
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The three most important things in real estate also apply to gold mining, especially in a gold market that’s set up for a multi-year run.
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That’s because when one or more companies make big discoveries in a certain region, other companies in the area are targeted by investors as potentially the next big winner.
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Such is the case right now in Newfoundland, where a multi-million-ounce resource has been outlined on the Valentine Lake project and, moving northeast along the same trend, a high-grade discovery appears to be in the making at the Moosehead project.
In both cases, the companies that control these projects have seen their share prices multiply as they enjoy exploration success.
Understandably, you might think you’ve missed your chance to participate in the gold boom developing in this part of the world.
But nothing could be further from the truth.
That’s because K9 Gold (KNC.V; WDFCF.OTC) is still trading at bargain basement levels — and yet it owns a project, Stony Lake, that sits directly on trend between Valentine Lake and Moosehead.
And with several key drill targets already identified on the project and nearby Moosehead turning up high-grade gold in drilling, K9 Gold has the clear potential to become the region’s next big winner.
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Bracketed Between Key Gold Finds
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As you can see from the map below, Stony Lake (and Moosehead) lie directly up trend from Marathon Gold’s Valentine Lake project.
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Marathon has outlined a massive, 4.6-million-ounce resource at Valentine Lake, and it’s still drilling, finding new sources of gold to add to a project that appears a near lock as a takeout target.
Marathon’s shares have multiplied many times over in the process, with its share price going from around $0.15 a share in 2016 to C$2.60 as recently as mid-August.
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A potential 17-fold gain is tantalizing, and it’s made more so by the assays that Sokoman Minerals has been pulling at Moosehead, which lies just northeast of K9 Gold’s Stony Lake project.
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Highlights from drilling released earlier this month show Moosehead delivering bonanza grades — 4.6 meters of 47.2 g/t gold and 8.1 meters of 68.7 g/t gold.
Those are extraordinary hits, and they’re occurring directly up the road (and in the same rocks) as at Stony Lake.
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Parallels To A Nearby 320% Winner
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And the discoveries in the area don’t stop with Valentine Lake and Moosehead. New Found Gold’s Queensway project has also been hitting into high-grade gold.
Recent drilling there saw the company hit into 4.75 meters of 41.2 g/t gold beginning at a shallow depth.
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The buzz surrounding Queensway sent New Found Gold’s share price soaring from C$0.69 in March to C$4.00 in recent weeks — a 320% gain.
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Such are the gains possible when a hot area meets discovery meets a rising gold market.
And all signs indicate that K9 Gold and Stony Lake could be next.
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Multiple Targets Identified
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Not only is K9 Gold’s project on trend with Moosehead, but it also shares geologic similarities with Queensway.
A field program conducted last year on Stony Lake identified no less than eight target areas that generated high-grade gold in sampling.
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Plus an airborne geophysical survey shows that a key structure at Moosehead extends onto K9’s Stony Lake East property.
So far, pretty much every area exposed at surface at Stony Lake has been mineralized…and more news is on the way.
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Reap The Rewards Of Getting In Early
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You see, K9 Gold has just completed another round of surface work on Stony Lake that promises to reveal even more targets on the property.
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Between that work and the continued results that are coming in from Moosehead, K9 Gold promises to stay on the market’s radar as an area play investment of the first order.
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With gold set to rebound in the new year and more advanced work on Stony Lake to establish its value in the offing, getting in on K9 Gold near current trading levels makes a great deal of sense.
Marathon continues to drill at and grow Valentine Lake. More high-grade assays are likely on the way from Moosehead. And Queensway shows all the signs of a major discovery.
With great gold stories popping up like mushrooms in Newfoundland, the key to outsized gains is to find the next one to sprout up.
All signs suggest K9 Gold and its Stony Lake project have the opportunity to be the area’s next big winner.
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