Gold Prices To Spike On Middle East Turmoil
By James Burgess
OilPrice.com
Jun 25, 2017,
We are officially in the first innings of a 2017 gold rush, as gold demand threatens to outstrip supply for the first time in decades—but it’s not going to be costly underground mining that brings in the profits …
And many will be turning to Canada… where the government is now welcoming open pit mining in the “land of gold”… Nova Scotia.
Pressed for novel solutions, geologists in places like Canada are now working to pull gold from football field-sized open gold pits rather than seeking the yellow metal in more cumbersome and expensive underground operations.
As every investor knows, gold remains the pre-eminent and time-tested safehaven asset for hedging against macroeconomic upheavals.
One explorer, right in the center of Nova Scotia’s gold rush is a small-cap company sitting on a potential $560 million in gold.
A little-known company called Osprey Gold (TSX:OS.V; OTC:OSSPF) has moved into the largest historic gold producing area in Nova Scotia–armed with unprecedented new technology that gives it cheaper access to gold in open pits. Across the street, Atlantic Gold Corp. turned its similar project into a $250-million gold mine, and now Osprey is gearing up to pursue the same success.
Enter … The Nova Scotia Gold Rush
While everyone was moving out West to San Fran in 1848…The “little known Nova Scotia gold rush” was minting millionaires on the East coast.
Canada is the world’s 5th largest gold producer, and Nova Scotia is a classic high-yield brown field gold province. And it’s home to some of the highest-grade gold fields in the country. Here, grades as high as 14g/tonne are not uncommon.
So well-endowed is Nova Scotia that it has supported three major gold rushes that churned out about a million ounces of the metal in the process.
The Rest…HERE
