If you were unaware, the price of gold is at approximately $1.5K USD an ounce at the time of writing, a level that hasn't really been seen since 2013.
So, there must be some sort of driving force(s) out there that are pushing gold prices north, right?
In fact, there appears to be a perfect storm of events that is sending the price of gold up to $1.5K an ounce.
What The Heck Is Going On?
It has been reported, that one-in-three believe geopolitics will be the biggest single driver of precious metals markets between now and New Year in fact...
...and very nearly as many think monetary policy – the words and actions of central banks led by, well, the Federal Reserve – will prove most important.
Inflation, demand, and gold’s safe haven status have also played important roles in gold prices spiking.
Your New 10/3 Profile - Zanzibar Gold Inc. (ZNZBF)
For all the reasons above and more, I want you to turn your focus to Zanzibar Gold Inc. (OTC: ZNZBF) for today, 10/3.
Zanzibar also trades on the Canadian Securities Exchange (CSE) under the symbol: ZBR.
There is a relatively low amount of shares in ZNZBF's float (15.35Mn) which makes it an interesting short-term stock that has previous experience with extreme price growth intraday.
Just look back on June 26th. This stock ran from $.013 all the way to $.25 in a single session. That's a surge of 1,823% intraday.
About Zanzibar Gold Inc.
Zanzibar Gold is a artisanal mining company with two significant assets: the original in Tanzania and the Gold Vanadium in BC (Vancouver Island). Artisanalmining often means ‘small’ and compared to major firms it is. Zanzibar Gold is a point of focus that brings many properties and placer deposits under a single vision. Such guidance often leads to the discovery of larger ore bodies and different opportunities other than those first pursued or imagined.
Recent ZNZBF Company Movements
Zanzibar Mobilizes To Explore Tanzanian Gold Exploration Properties
VANCOUVER, British Columbia, Aug. 27, 2019 (GLOBE NEWSWIRE) -- Zanzibar Gold Inc. (ZBR – CSE; ZNZBF – OTC Pinks) reports that it is preparing an exploration program on the Mkuvia Gold Placer (“Mkuvia”) and has mobilized field crews to initiate its exploration of the Mkuvia and the Fukawi Lode gold (“Fukawi”) properties in Tanzania.
On the Mkuvia, the company is sending an independent geologist to complete a NI 43-101 exploration report to satisfy regulatory requests and to outline a small exploration program to test the reported placer area. The program will mainly focus on the areas identified in a 2009 report as prime exploration targets and will utilize modern equipment for the first time on the property area.
On the Fukawi Property, the initial exploration program will focus on several gold bearing veins that were outlined in previous exploration. Trenching and sampling to explore the continuity and geology between two test pits to the west of the main valley that assayed 40.70 grams and 57.99 grams (approximately 1.2 ounces and 1.7 ounces respectively) across a 1 metre width and another test pit approximately 200 metres, west, that assayed 36.89 grams (1.1 ounces). Also on the east side of the same valley, between the test pits that assayed 20.4 grams and 40.21 grams (0.6 ounces and 1.2 ounces respectively), and another test pit approximately 300 metres to the north, that assayed 82.31 grams (2.4 ounces). All samples were across an approximate 1 metre width.
The foregoing results reported previously (April and June, 2019).
The Fukawi Property is a hard rock exploration project located northwest of the Magambezi Deposit, and has had no follow up exploration conducted.
“We are excited to start our field work on these interesting exploration targets,” Company President S.A. Farrage stated, “especially at a time when gold is attracting more interest and new gold resource targets are relatively few.”
G. Macdonald, the QP for the company has reviewed and approved the scientific and technical information in this news release.
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Current ZNZBF Projects
Tanzania
The Gold Property is located west of the village of Kwamagome, 35 kilometres southwest of the city of Handeni in the Handeni Region, Handeni – Tanga Rural District, United Republic of Tanzania, East Africa and is centered on 5°33’47”S and 37° 51’35”E.
First investigated in 2005, there is no recorded previous exploration on the Property. It is located within a pan-African belt of metamorphic rocks known as the Mozambique Belt. The northwest southeast striking belt of metasedimentary rocks around a central core of a mafic amphibolite unit in granitic gniesses and/or intrusive equivalents which are striking northwest and associated with the Magambazi zone (East Africa Mines – formerly Canaco Resources) located to the south east.
A recent alluvium deposition that fills the main valley that are adjacent to the ridges of outcrop that host the main auriferous structures in the Bondo area (which lies immediately north of the Property). The Alluvium appears to be un-stratified composing of cobbles, pebbles, gravel and sand. The cobbles and pebbles for the most part appear to be quartz although a few metasediment types were noted. The auriferous unit is sand and almost colluvial in appearance. The identified mineralization in the adjacent drainages is beneath 5-6 metres of barren clay silt valley fill contains the Gold.
A recommended exploration program to evaluate the potential of the Property by test pitting and trenching is being initiated.
