At Cottonwood, the focus was to confirm and expand the area of known gold mineralization. The three RC holes intersected highly altered rocks with associated gold anomalism from the beginning to the end of all holes.
For a bullish view to continue for the counter-cyclical gold mining sector, GDX will need to prove to be in a pullback within an uptrend, and the stock market in a bear market rally (BMR).
The Gold/SPX chart above advises that there is a very long way to go in this new macro, inevitable gold price corrections included. “Price” is not value.
CEO Reid: "We continue to defensively position the Company to overcome the challenges created by the prior Biden Administration while targeting to offensively position the Company..."
The company is pleased to announce the successful completion of the sale of its 100 percent interest in Compañia Minera Cuzcatlan S.A. de C.V. to JRC, a private Peruvian company.
