Whitehorse Gold Corp. (TSXV:WHG) – $1.49
WhiteHorse Gold (TSXV:WHG) just closed $15.3 million in private placement offerings in May 17, 2021. Its wholly-owned Skukum Gold Project is located in the southern Yukon about 55 kilometers south of Whitehorse. In a Youtube video released June 18, 2021, following a news release, the company claims its desire to hire employees from nearby First Nations bands. Whitehorse Gold engaged the services of Whitehorse-based SLR environmental consultants. Whitehorse Gold (TSXV:WHG) CEO Kevin Weston discussed the partnerships with the Carcross/Tagish First Nation for contracts and employment opportunities. This would no doubt assist in the economic rebound for the area post-CV19.
When he was asked by the host of Proactive Newsroom regarding sustainability in the mining industry, Weston said ‘that’s where the market is headed.’ What a heartwarming sentiment! It’s a lower-price stock than others on this list, but it seems like one to watch.
New Found Gold Corp. (TSXV:NFG) – $12.46
When most people think of mining companies in Canada, they don’t think about Newfoundland. The Maritime province is known for its fishing, but there’s more than just scales glittering there! With about CAD$75 million in working capital ready to be utilized, New Found Gold Corp. (TSXV:NFG) is making headway on its 100% owned high-grade Queensway gold project in Gander, Newfoundland. On May 21, 2021, New Found Gold Corp. (TSXV:NFG) released their best drill results yet: Core grading 146.2 g/t gold over 25.6 meters in the Keats Zone, Central Newfoundland.
Big thank you to Palisades Gold Radio for this amazing video about the project.
Great Bear Resources (TSV:GBR) – $14.83
Great Bear Resources (TSXV:GBR) is a gold exploration company focused on the Red Lake District in NorthWestern Ontario. The company has control over 4 projects totaling 300 KM squared. Dixie, Sobel, Pakwash and Red Lake North have yielded positive discoveries. Drill results from the company unveiled today that it is approaching the completion of its 50-hole drill program at the Dixie Project in the Red Lake district. The drill program is fully funded at $45 million.
High-grade gold intercepts include 400 grams per ton over 0.50 meters from 175.50 to 176.00 meters. Great Bear (TSXV:GBR) has completed 50 drill holes on the property, and estimates that approximately 400 drill holes are required for a near-surface maiden mineral resource estimation.
One reason to invest in gold is inflation, and the same is true when it comes to gold stocks. Silver is also seeing similar interest in the need to hedge against inflation. As CV19 begins to end, exploration and drilling companies are going back to business as usual.
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