Billionaire Eric Sprott Says Central Banks Panicking As 'The Whole World Is Buying Gold Here,' Including Druckenmiller | King World News
In fact, famed resource investor Eric Sprott likes StrikePoint Gold, Inc. (OTC: STKXF) so much that he recently invested $2Mn personally to increase his stake to 19.9%!
Why? Because StrikePoint Gold, Inc. (OTC: STKXF) has some of the best gold and silver exploration projects in British Columbia’s mineral rich Golden Triangle.
StrikePoint Gold Announces Increase to Previously Announced Private Placement to $3.0 Mn; Additional $1.0 Mn Flow Through Placement
(Released September 10th, 2020)
But before you learn exactly why Mr. Sprott continues to invest in StrikePoint Gold, Inc. (OTC: STKXF), let’s discuss the potential of high-grade gold and silver discoveries in BC’s Golden Triangle and the potential to add outsized returns to your portfolio.
First a discovery...
Murray Pezim was already a world-renowned mining promoter for having financed the discovery of the Hemlo gold mine in Ontario, Canada. But in 1988 he struck it rich again with another of his companies, Calpine Resources, which drilled a monster hole of 208 meters at 27.2 g/t gold and 30.2 g/t silver!
StrikePoint Gold Inc. Announces That Drilling Has Commenced at Its High-Grade Willoughby Gold Property
(Released August 10th, 2020)
After the discovery was made junior gold shares on the Vancouver Stock Exchange known in the 1980s as the Wild West stock exchange soared with some gaining over 1000% in a matter of days.
And these were companies that had not even made a discovery! They just happened to have exploration claims near Calpine’s discovery in the aptly named Golden Triangle in north west British Columbia.
Then came a mine...
Hole 109 catapulted Eskay Creek to world class status and during the 1990s and 2000s it produced more than 3 million ounces of gold and 160 million ounces of silver at the surreal average grade of 49 g/t gold and 2,406 g/t silver. Eskay was one of the highest-grade underground gold mines in history.
In 2008 the Eskay Creek mine closed as the ore was mined out by operator Barrick Gold. However, that was not the end of the story...
An old mine gets renewed...
Fast forward to today, the Eskay Creek Mine has been renewed!
As any great mining investor can attest, the best place to find a mine is right by a successful one. Gold junior Skeena Resources optioned Eskay Creek from Barrick Gold and after raising substantial funds and completing thousands of meters of drilling has delineated a new deposit that could now potentially become an open pit mine.
And this time the Eskay Creek Mine could become one of the highest-grade open pit gold mines in the World with combined indicated and inferred resources of 4 million ounces at 4.5 g/t gold equivalent!
With higher gold prices, an increased resource and a preliminary economic assessment, Skeena’s stock price has increased nearly 1,000% in one year.
But how does all this relate to StrikePoint Gold, Inc. (OTC: STKXF)?
On many fronts! To name a few:
StrikePoint Gold, Inc. (OTC: STKXF) is on the same mission as Skeena Resources. It is focused on discovering the next precious metals mine by exploring properties with historically high-grade gold and silver in the Golden Triangle.
- StrikePoint Gold, Inc. (OTC: STKXF)’s 100% owned Willoughby project has very high grades. The best historic drill intercept on the project is 120 g/t gold and 2,434 g/t silver over 3.5 m. And in 2019 the highly experienced exploration team of StrikePoint drilled an impressive intercept of 26 g/t gold and 95 g/t silver over 4.0 m.
- StrikePoint Gold, Inc. (OTC: STKXF)’s 100% owned Porter Idaho high grade silver project has two past producing mines with production ending in 1931 of 2,200,000 oz silver at 2,542 g/t (silver only, not silver eq.) This type of bonanza style high grade silver is extraordinary. There is even a historic resource estimate of indicated 11,000,000 oz silver at 868g/t and inferred 1,700,000 oz silver at 595g/t (again, silver only, not silver eq.) And as with Willoughby, limited work has been done on Porter Idaho in decades.
- Furthermore, Skeena Resources is a major shareholder in StrikePoint Gold, Inc. (OTC: STKXF), owning some 15 million shares which it received as partial payment for the Porter Idaho high grade silver project.
Does StrikePoint really have a shot of making a large discovery on just one of its projects?
Don’t just take our word for it. Here is a quote from Walter Coles, Jr. CEO of Skeena Resources from his January 2017 Metals Investor Forum presentation where he discussed the Porter Idaho project:
“This is very, very high grade. And the beautiful thing here is you’ve got historical mining on two sides of a mountain and our thesis is that the vein structure goes all the way through the mountain... and if it does go completely through the mountain we’ve got the potential for 100-150 million ounces of silver here.”
The Yukon Gold and Silver Exploration Portfolio
Beyond StrikePoint Gold, Inc. (OTC: STKXF)’s two high grade gold and silver projects in the Golden Triangle, the company also holds the Yukon project portfolio, which like the other projects it purchased during the bear market in gold and silver a few years ago at rock bottom prices.
StrikePoint Gold Updates Exploration Program at Willoughby Project, Targeting High-Grade Gold and Silver; Grants Stock Options
(Released August 4th, 2020)
This portfolio consists of 21 gold and silver exploration projects scattered throughout the Yukon and were selected by accomplished prospector Shawn Ryan whose company Ryan Gold held them, prior to being merged to form Osisko Mining.
In addition to StrikePoint Gold, Inc. (OTC: STKXF)’s projects the company has a strong management team and board of directors to move the company forward.
It was after all their foresight to acquire Willoughby, Porter Idaho and the Yukon portfolio before gold and silver entered the current bull market. Try doing this today!
- Shawn Khunkhun, CEO and Director of StrikePoint Gold, Inc. (OTC: STKXF) has over 15 years of experience in capital markets, mineral exploration, and development.
- Adrian Fleming, Director, is a professional geologist with over 40 years experience in mineral exploration who discovered the White Gold Deposit in the Yukon which was sold to Kinross Gold in 2010 for $138M.
- Ian Harris, Director, is a mining engineer with over 20 years experience and was involved with the sale of TSX listed Corriente Resources for $690M (US).
In addition to management and the board, the company has a strong technical team including Marilyne Lacasse, project manager who is their qualified person and professional geoscientist.
StrikePoint Gold, Inc. (OTC: STKXF) also has two experienced technical advisors, Rob McLeod, a professional geoscientist with over 25 years experience who is President of Heatherdale Resources and Ryan Weymark who is a professional geologist.
But wait, there is more!
StrikePoint Gold, Inc. (OTC: STKXF) is not only owned 19.9% by Eric Sprott and 13% by Skeena Resources, it has strong institutional ownership of over 35% by such well respected resource investment funds as Gold 2000, US Global Investors, and more.
And one of the best things about StrikePoint Gold, Inc. (OTC: STKXF) is that the company’s projects are in Canada, one of the safest places to explore for ore bodies and to run mines!
The worst thing as an investor is to own a company only to see its assets expropriated by some greedy or inept government.
After all the whole purpose of having part of your portfolio in precious metals and the stocks is to gain diversification during times of trouble, yet historically these are the times when great assets have been stolen by foreign governments.
The truth is gold juniors have been starved of capital for years and with gold prices trading around US$2,000 per ounce producers are literally printing money which is why Buffet’s Berkshire Hathaway has finally gained some exposure.
Just look at the most recent quarterly cash flow statement of almost any senior gold producer and you will find they are generating so much cash that they don’t know what to do with it!
Ultimately, they will have to invest this cash by either funding exploration and capital expenditures on their own projects, paying dividends to shareholders or funding junior exploration companies.
Even if they elect to pay dividends, much of this money will likely be reinvested into the most promising gold and silver exploration companies such as StrikePoint Gold, Inc. (OTC: STKXF).
With exploration budgets cut back for the last decade few new gold discoveries have been made to replenish senior gold producers' depleting mines.
Fewer mine discoveries mean less future production which means less supply of gold and higher long-term prices. Some very astute gold analysts are even calling for peak gold production in the years ahead!
Whether it's run away government budget deficits causing investors to flock to gold and silver as safe havens, future gold and silver supply challenges as a result of reduced exploration, or senior producers generating extraordinary cash flow from strong gold prices, money will flow into the junior mining space.
And when generalist investors start allocating even 1% of their funds to the small universe of high-quality gold exploration companies, it will be like running China’s Three Gorges dam through a backyard water hose!
The bottom line is junior gold companies have been in a bear market for years and we may only be in the first innings of a new secular gold and silver stock bull market.
Regardless of how much further prices rise, at even US$1900 gold and US$25 silver, money will continue to flow into juniors where the best companies like StrikePoint Gold, Inc. (OTC: STKXF) will benefit.
And if StrikePoint Gold, Inc. (OTC: STKXF) is successful in making a new high-grade gold or silver discovery... well... that is when a new chapter of the story begins.