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Technical Analysis
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Yesterday's gold alert ran up over +26% from our alert price!
This was just the latest in what has been a month filled with monster winners.
So far our members have had the opportunity to secure up to +3,664% in realistic gains!
We are sticking with the red-hot gold sector, and bringing your attention to K9 Gold Corp. (WDFCF).
K9 Gold Corp. has assembled a highly-experienced and dynamic team to explore its Stony Lake Project. The project has been acquired District Copper Corp by an option agreement, whereby K9 can earn up to a 100% interest in the project.
WDFCF is Looking to Capitalize as Gold Prices Head Towards $2,000 per ounce
JPMorgan analysts predict gold prices will surpass $2,000 per ounce by the end of this year and Bank of America analysts expect the gold price to reach $3,000 per ounce in 2021.
It has become crystal clear that the gold price will soon break above its previous all-time highs set back in 2011. It is also quite likely that gold will break and make multiple new all-time highs over the next 24-month period.
When it does, expect the price of both gold and gold mining stocks like WDFCF to explode.
This could easily be our next trade idea to double in price, so we suggest you start your research now, and add it to the top of your watchlist immediately.
About K9 Gold Corp.
K9 Gold Corp. has assembled a highly-experienced and dynamic team to explore its Stony Lake Project. The project has been acquired District Copper Corp by an option agreement, whereby K9 can earn up to a 100% interest in the project (see Company release dated July 30, 2020). The Company also owns a 100% interest in the Desert Eagle Vanadium project located in the historic Henry Mountains Mining District in SE Utah. The area has seen extensive historic vanadium and uranium mining and is close to Anfield Energy Inc's Shootaring Canyon mill.
K9 Gold Receives Approval for Trenching Program
WDFCF recently announced approval has been granted by the Newfoundland Department of Natural Resources, Mineral Lands Division. This will allow the Company to complete trenches in two high priority target areas, the Jumper's Pond and Rabbit Track areas, in the northern part of the property. In both areas, multiple rock and float samples have assayed >1.0 g/t Au. The trenching program will assist in identifying the trend of the bedrock anomalies, which will then be used to develop a diamond drilling program.
Subsequent to the field work completed in November, the Company is reviewing the application for an additional 4 high priority areas for trenching, as a key element in a planned aggressive 2021 exploration program.
About Stony Lake Project
The Stony Lake project lies within the Cape Ray/Valentine Lake structural trend in Central Newfoundland, lying parallel to that of New Found Gold's Queensway project, along the prolific Dog Bay Line. The project covers 13,625 ha and 27 kilometers of favorable trend between Sokoman's Moosehead discovery to the northeast and Marathon's Valentine Lake deposit to the southwest.
At Stony Lake, large areas of significant gold mineralization occur primarily in altered Botwood sediments and quartz-feldspar porphyry intrusives associated with intense silicification, sericite-chlorite-carbonate alteration and a strong pyrite-arsenopyrite mineralogical association. These features indicate epizonal/mesozonal temperatures for the hydrothermal fluids and support the exploration model of hydrothermal fluids leaking upwards into the Botwood sediments from a deeper igneous intrusive source. This area is now referred to as the Exploits Subzone gold district which essentially covers the Silurian-age clastic sediments surrounding the Mount Peyton intrusive.
Prior to the 2020 field season, airborne geophysical coverage, with follow-up ground prospecting and sampling, has led to the identification of eight area of highly anomalous to high grade gold mineralization. The gold mineralization is hosted in a variety of environments, including quartz-feldspar porphyries, reduced sandstones, quartz stockworks and quartz veins. The property hosts both widespread low grade mineralization (up to 4.0 g/t Au) within the Botwood Formation and high grade veins (>4.0 g/t Au) in the basement rocks below the Botwood, similar to the nearby New Found Gold Queensway project, and the immediately adjacent Sokoman Minerals Moosehead discovery.
On-going interpretive work on the Stony Lake property has yielded several direct comparisons with the Sokoman Minerals Corp Moosehead discovery, immediately to the northeast of Stony Lake's Jumper's Pond area (note - this area was previously named "Flyers Grid," and since significant portions of the historic Flyers Grid lie off K9's property, K9 has renamed the area to avoid confusion).
Published information on the Moosehead discovery indicates that the mineralization is spatially related to reworking of a major basement structure which is likely the main pathway for the mineralizing fluids. The spatial association of the faulting with mafic intrusives appears to be highly significant. The Moosehead mineralization is hosted by N to NW trending and east dipping faults, which appear to be related to meso-scale anticlinal folding. These types of mineralizing systems typically have great lateral and depth extents (measured in kilometers).
Recent (2019) and historic (2001) geophysical work on the Jumper's Pond area strongly suggests the presence of a large fold structure that plunges to the NE towards Moosehead, as well as several NW-trending structural features. The presence of mafic rocks is also indicated for this area. The major fault structure related to the Mooseheads discovery can clearly be traced by regional magnetics for 5 - 6 km onto the Stony Lake property. These similarities increase K9's confidence in the prospectivity of the Jumper's Pond area.
Exploration Details:
Exploration:
An extensive field program in 2019, focused on prospecting, mapping and sampling along with a property wide airborne magnetometer and radiometric survey to map bedrock lithologies, structural features and areas of structurally controlled potassic alteration identified numerous target areas.
Results:
Eight areas of highly anomalous to high grade gold(15.05 g/t) mineralization have been identified
The gold mineralization is hosted in quartz feldspar porphyry, pyrite and arsenopyrite bearing reduced sandstone, quartz stockworks and quartz veins.
Mineralization exhibits arsenic-antimony-molybdenum geochemical associations with high gold to silver ratios
Gold mineralization is characterized by sericite, silica, ankerite, carbonate and chlorite alteration typically as pervasive alteration and envelopes around quartz stockwork and quartz veins.
Pyrite and arsenopyrite (1-3% total sulfide) are common to the gold mineralization in all samples greater than 50 ppb gold.
Follow the Smart Money
Buffett Bets On Gold
An August filing showed that Warren Buffett's Berkshire Hathaway (BRKB) loaded up on shares of gold miner Barrick Gold in the second quarter. If Buffett sees value in gold mining, does buying gold stocks or betting on a rising gold price make sense for individual investors now?
Goldman Sachs Doubles Down On Bullish Gold Price Forecast
Goldman Sachs remains upbeat about gold in 2021.
In a report published earlier, the investment bank said that it is maintaining its 2021 gold price target of $US2,300 an ounce as the global economy returns to balance between positive news of potential vaccines for the COVID-19 virus and the still prevalent risks of further economic damage from more waves of the virus.
Although Goldman Sachs economists see a strong economic recovery in the US and worldwide next year, commodity analysts Jeffrey Currie and Mikhail Sprogis, the authors of the gold report, said that there is still a “strong strategic case for gold.”
“In our view, the structural bull market for gold is not over and will resume next year as inflation expectations move higher, the U.S. dollar weakens and E.M. (Emerging Markets) retail demand continues to recover,” the analysts said.
Gold “should benefit from continued strong investment demand.”
Bullish Indicators
Buyside dominance
Indicators bullish
Rising uptrend support
Descending trendline break imminent
The Bottom Line
This is one potential gold bull run that you do not want to be watching from the sidelines!
Those looking for a gold mining stock with triple-digit gain potential need not look any further!
This could easily be our next trade idea to double in price, so we suggest you start your research now, and add it to the top of your watchlist immediately.
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