Mining Expert Says Major Gold Jackpot In Australia Is Legitimate

LegacyEarlier this week Toronto-based junior miner Royal Nickel Corp. (TSX: RNX) discovered a “mother lode” of gold in Australia, totaling about 9,250 ounces.
While some experts and geologists remain skeptical that the story is legitimate, Dave Forest, geologist and editor at Casey Research, said that it is entirely possible.
“It seems that the gold is certainly there,” Forest told Kitco News. “It took everybody by surprise, even management, it seems like. It highlights that gold deposits are very difficult to ascertain.”
On the gold mining sector, Forest noted that although the general investment sentiment is low, there have been a rising number of private deals taking place.
“Insiders are investing in and buying gold projects, at the same time as the wider investing public is giving up on the sector, so to me, that’s a very interesting disconnect,” he said. (show less)

LegacyEarlier this week Toronto-based junior miner Royal Nickel Corp. (TSX: RNX) discovered a “mother lode” of gold in Australia, totaling about 9,250 ounces.
While some experts and geologists remain skeptical that the story is legitimate, Dave Forest, geologist and editor at Casey ... (read more)

Kitco News

Kitco News
The Kitco News team speaks to analysts and experts on the frontlines of the market to get the most up-to-date news on the economy. The show offers a well-rounded, timely view on big market moves and any major headlines that may affect financial assets. Coined – no pun intended – as the number one source of precious metals news, Kitco News is the leading provider of up-to-date price action in the precious metals space.

Disclaimer: The content on this website, including, without limitation, news, videos, interviews and commentaries, is provided by Kitco Metals Inc. ("Kitco") for informational purposes only and is not intended as any form of advice, whether legal, accounting, investment, financial or tax advice. Therefore, it cannot be relied upon as such. Should you require such advice, contact a licensed professional. The content provided herein is provided on an "as is" basis without any warranty of any kind, whether express or implied and your use of the information provided in said content is entirely at your own risk. In no event will Kitco be held liable for any indirect, special, incidental, or consequential damages arising out of the use of the content on this website.