Drilling Underway in Brazil with Upcoming Results

I discussed precious metals back in July while introducing readers to a small exploration company. My observation was that gold and silver were entering their traditionally strongest seasonal period. I rarely make predictions with such precision. Both metals have surged dramatically since then. Gold was hovering around $3300 while silver was lingering at approximately $37 at that time. The transformation over a quarter has been remarkable.

The corporation is GoldHaven Resources Corp. (GOH:CSE; GHVNF:OTCQB; 4QS:FSE).

They recently issued an update regarding their diamond core drilling operations at the Copecal gold project in Brazil. The enterprise initiated a 1,200-meter drilling campaign recently and has completed the initial borehole, sending samples for laboratory analysis. Preliminary visual examination indicates they appear to be targeting appropriate geological formations with heavily altered basement rock in the East Zone.

AngloGold Ashanti Ltd. (AU:NYSE; ANG:JSE; AGG:ASX; AGD:LSE) invested over $1 million U.S. conducting regional exploration activities at Copecal in Brazil’s Mato Grosso State between 2010 and 2016. Their efforts identified two distinct gold-in-soil anomalies associated with chargeability highs and structural intersections. GoldHaven acquired full ownership of Copecal in January this year.

I strongly advocate purchasing assets when they’re undervalued and divesting when they’re premium-priced. GOH maintained a market valuation of approximately $4 million when I covered them in July. They’ve appreciated roughly 50% since then, yet still only command $6 million today, while gold prices have climbed 33% during the same interval.

These forthcoming drilling results, expected in four to six weeks, could significantly transform this under-the-radar stock that most investors have overlooked. GOH remains substantially undervalued considering gold at $4000.