In this episode from the Rocks & Stocks channel, Allan Barry Laboucan interviews Rob McEwen and Ian Ball, who are starting a new Canadian Gold exploration & mining company that will soon be called “Canadian Gold Corp” … the company they’ve taken over is currently called Santori Resources, but within aprox. the next week, the company will go through a name change to; “Canadian Gold Corp”, with symbol: “CGC”, and it’s flagship project being located in Manitoba, Canada.

The new company will focus on high-grade gold exploration on a former producing hardrock Gold mine that produced Gold in the 1980s … the mine has a permit located in a good Canadian jurisdiction, and is in an under-explored camp … the aims to improve upon the existing infrastructure, utilize the very low-cost power in Manitoba, and plan an efficient use of drill’s to upgrade the mine’s resource.

The company has secured backing from Rob McEwen, which has significantly lowered the cost of capital and improved its near term outlook … it has a small resource of around 300,000 Gold ounces at around 7 grams per ton, and a mine license for 500 tons per day, that they plan to maximize … the company has also found two historical Placer Gold mines on its property.

Canadian Gold Corp plans to execute a 10-hole exploration drilling program, and develop regional targets that could increase the resource size, and complete an ore sorting study … the company aims to deliver the drill results before raising capital, and expand their activities to the Hemlo area.

The company also plans to work with local indigenous communities in Manitoba … the company hopes to benefit everyone across the board and ensure that everyone has a direct impact on the operation.

The geological system in the Satori property is similar to a greenstone belt type of setting, and there is potential to identify thick intersections of high-grade mineralization that could expand the resource … the thicknesses were much wider, and the core looked drastically different. This could be a game-changer for the asset. Canadian Gold Corp currently has around $2 million in its treasury, which is enough to complete the initial program.

The interviewees believe that right now, those who want to protect their money would be well placed into gold, and those who want to grow their money might consider investing in Gold Stocks.

See the original video here …
https://www.youtube.com/watch?v=pn0KU6lsAGw

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