SAN FRANCISCO, Aug. 23, 2018 (GLOBE NEWSWIRE) -- John Newell, technical analyst and portfolio manager with Fieldhouse Capital Management, discusses an "exciting new discovery in the heart of the Yukon's White Gold District."
Company mentioned: Luckystrike Resources Ltd. (LUKY:TSX.V)
Luckystrike Resources is an advanced junior exploration company that has already hit big with all nine inaugural exploratory drill holes intersecting gold mineralization during the summer of 2017 including the discovery hole, 22m of 5.36 g/t gold. The geological setting of the properties held by Luckystrike Resources is like that of Goldcorp's Coffee 3-million-ounce deposit and White Gold's Golden Saddle 1-million-ounce deposit, which is contiguous with the Luckystrike property. Luckystrike properties compare favorably with those deposits in terms of grade, geology, geochemistry, structure, size, orientation and location of both of these well-known deposits.
The company has a five-year exploration permit, no underlying royalties or property payments, and CA$3 million cash on hand for the highly anticipated follow up drill program currently underway to expand on its nine 2017 discovery drill holes. The 2018 program includes soil sampling, trenching, ground geophysics and aggressive diamond drilling. We feel Luckystrike is in good shape to tackle this project.
Continue reading this article: A New Gold Explorer Is Born in the Yukon
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John Newell: I, or members of my immediate household or family, own shares of the following companies mentioned in this article: I do not have a personal position in Luckystrike Resources, but family and friends do. I personally am, or members of my immediate household or family are, paid by the following companies mentioned in this article: None. Funds controlled by Fieldhouse Capital currently do not hold Luckystrike Resources shares, but could initiate a position at any time. I determined which companies would be included in this article based on my research and understanding of the sector.
The full disclosure is provided at the end of the published article: A New Gold Explorer Is Born in the Yukon