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Brien Lundin of the Gold Newsletter has been around for a long time and seen many resource stock market cycles. After five decades there’s a good reason why the newsletter calls itself the oldest and most respected precious metals and mining stock advisory in the world.
In his latest edition of the Gold Newsletter Lundin firmly puts Silver Sands Resources into the buy column, reiterating his previous buy recommendation saying “SAND is a great ongoing lever on what I expect to be a robust silver market. Silver Sands remains a BUY”.
Silver Sands Resources SAND.CN; SSRSF.OTC
Silver Sands Resources got some high grade hits from drilling on its Virginia project’s Ely Central zone.
Highlights from Ely Central include:
To date, drilling has traced high-grade mineralization at Ely Central for 200 meters along strike. The target sits between the conceptual open pits defined at Ely North and Ely South. There are gaps to the south and north respectively, of Holes 4 and 5. If further drilling fills those gaps in, it could expand Ely Central’s continuous mineralized strike by another 400 meters. Overall, Silver Sands believes that the strike of the Ely zones could extend to 1.3 kilometers.
The other good news from the Ely Central results is that it proves lower-level IP signatures can be an effective tool for finding similar targets on the broader project. That means that not only is this latest drilling likely to add ounces to the updated resource at Virginia due later this year, but it could also help the company outline more silver mineralization by testing earlier-stage targets.
The combination of an existing resource, the potential for that resource to grow and solid exploration upside makes SAND a great ongoing lever on what I expect to be a robust silver market. Silver Sands remains a BUY.
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Strong news flow from drilling and exploration is expected to continue through the next few months.
We should also point out that Lundin is also a huge precious metals bull:
“The massive stimulus plans, easy-money policies, bailouts and other government spending being showered onto global economies are creating tens of trillions of dollars-worth of new currencies and unsustainable levels of debt. We have never witnessed anything like this before. Over the long term, every currency will be debased; every economy will suffer from dramatic levels of inflation. Moreover, there will be no currency…no economy…no market offering refuge for investors, except for gold and other tangibles. The bottom line, of course, is that the price of gold is virtually assured of rising quite significantly as the supply of fiat currencies continues to explode. And gold stocks are likely to multiply the gains in gold itself. Fortunes will be made by those who position themselves correctly.”
In the latest edition of his Gold Newsletter he reiterates his buy on gold and precious metals, focusing on gold as the ultimate inflation hedge:
“In my view, the age-old idea that gold is the best hedge against currency depreciation/inflation — an idea that has fallen out of vogue over the last decade as central bank monetary policy has driven every asset class — is regaining favor. In other words, gold is increasingly being viewed as the ultimate inflation hedge. This will benefit the metal as long as the inflation theme remains in effect.”
To read more of Brien Lundin’s outlook on precious metals and resources stocks or subscribe to the Gold Newsletter visit https://goldnewsletter.com/
Sign up now to receive regular, valuable Silver Sands news and updates and we’ll send you our free analyst report.
Strong news flow from drilling and exploration is expected to continue through the next few months.
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