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Is the next large precious metals discovery in the public markets hiding in Alaska?
What’s happening:
- U.S. GoldMining (NASDAQ: USGO) has announced an updated mineral resource estimate for their flagship Whistler Gold-Copper project located in Alaska which has more than doubled their original projections
By the numbers:
- U.S. GoldMining’s new mineral resource estimate shows their Whistler Gold-Copper property contains approximately 6.48M ounces of gold
- US. GoldMining is also now pursuing 12 new potential nearby targets that have yet to be explored and share similar important geological characteristics to existing deposits located at the property
Why it matters:
- Publicly traded gold exploration companies with promising projects in the United States of America seeing an uptick in capital inflows of late, largely due to the price of gold continuing to make new highs and a speculation that large precious metals producers may begin to ramp up strategic investments and acquisitions
Going deeper:
- U.S. GoldMining’s Whistler Gold-Copper project is only a hundred miles northeast of Anchorage, Alaska and is fully permitted for advancing their exploration plans
- Other mining projects in the United States have been coming into focus recently as well, including Perpetua Resources (NASDAQ: PPTA) Stibnite Gold Project located in Idaho which may contain a significant amount of antimony which has become dramatically more relevant following the sudden reduction in antimony exportation out of China
The intrigue:
- The excitement about precious metals has even captivated Costco (NASDAQ: COST) lately, leading them to sell out of physical gold bars and even begin selling bars of platinum for the first time ever
