Gold prices have been absolutely rocketing over the past several months to levels around $1.5K per ounce.
To give you an idea of how big of a bull run gold is undergoing, it has not seen those levels since 2013.
Here's the best part... This might be the beginning of an even bigger move.
Analysts/Investors Think Bull Rally May Only Be Beginning
Do some research. Everywhere you turn, people are speaking out saying gold could be undervalued at the moment with the potential for significant growth moving forward.
- Gerald Celente, a publisher of The Trends Journal, has said, “Attributing to the recent rally is loose monetary policies around the world.” He has also been quoted saying there are chances gold “is going to spike for the $2,000 mark.”
- Analysts from Commerzbank, one of the majors of the banking industry, have stated, “We see the ongoing steep rise in the gold price as an expression of the high-risk aversion among market participants. Gold is quite clearly still in demand as a safe haven in the current market environment.”
- Citigroup Senior Commodities Strategist, Aakash Doshi, thinks gold may top $2.0K an ounce in the next year or two. That would be a 30%+ gain from current prices.
- In a recent interview, Jens Nordvig, the founder and CEO of Exante Data, said that, given the “extreme bull market in bonds, gold will be very well supported.” He noted that central banks have boosted their purchases of gold and said, “Nobody’s crying when gold goes up, so there’s really no anchor on how high it can go.”
- Kotak Commodities head, Ravindra Rao, says he won't be surprised if spot gold prices shoot past the $1,950 per troy ounce level to log fresh all-time highs.
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Turn Your Immediate Attention To Zanzibar Gold Inc. (OTC: ZNZBF)
Zanzibar also trades on the Canadian Securities Exchange (CSE) under the symbol: ZBR.
According to Yahoo Finance, ZNZBF has a relatively low float of only 15.35Mn shares. This makes it a candidate for potential volatility. You know, the same type of volatility that provided a 117% run last time I brought it to your attention!
From a single session standpoint, turn your attention to June 26th. ZNZBF ran from $.013 to a high of $.25. That's 1,823% intraday. Amazing.
About The Company: Zanzibar Gold Inc.
Zanzibar Gold is a artisanal mining company with two significant assets: the original in Tanzania and the Gold Vanadium in BC (Vancouver Island). Artisanal mining often means ‘small’ and compared to major firms it is. Zanzibar Gold is a point of focus that brings many properties and placer deposits under a single vision. Such guidance often leads to the discovery of larger ore bodies and different opportunities other than those first pursued or imagined.
Most Recent Corporate Press Release
Zanzibar Mobilizes To Explore Tanzanian Gold Exploration Properties
VANCOUVER, British Columbia, Aug. 27, 2019 (GLOBE NEWSWIRE) -- Zanzibar Gold Inc. (ZBR – CSE; ZNZBF – OTC Pinks) reports that it is preparing an exploration program on the Mkuvia Gold Placer (“Mkuvia”) and has mobilized field crews to initiate its exploration of the Mkuvia and the Fukawi Lode gold (“Fukawi”) properties in Tanzania.
On the Mkuvia, the company is sending an independent geologist to complete a NI 43-101 exploration report to satisfy regulatory requests and to outline a small exploration program to test the reported placer area. The program will mainly focus on the areas identified in a 2009 report as prime exploration targets and will utilize modern equipment for the first time on the property area.
On the Fukawi Property, the initial exploration program will focus on several gold bearing veins that were outlined in previous exploration. Trenching and sampling to explore the continuity and geology between two test pits to the west of the main valley that assayed 40.70 grams and 57.99 grams (approximately 1.2 ounces and 1.7 ounces respectively) across a 1 metre width and another test pit approximately 200 metres, west, that assayed 36.89 grams (1.1 ounces). Also on the east side of the same valley, between the test pits that assayed 20.4 grams and 40.21 grams (0.6 ounces and 1.2 ounces respectively), and another test pit approximately 300 metres to the north, that assayed 82.31 grams (2.4 ounces). All samples were across an approximate 1 metre width.
The foregoing results reported previously (April and June, 2019).
The Fukawi Property is a hard rock exploration project located northwest of the Magambezi Deposit, and has had no follow up exploration conducted.
“We are excited to start our field work on these interesting exploration targets,” Company President S.A. Farrage stated, “especially at a time when gold is attracting more interest and new gold resource targets are relatively few.”
G. Macdonald, the QP for the company has reviewed and approved the scientific and technical information in this news release.
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Current Zanzibar Company Projects
Tanzania
The Gold Property is located west of the village of Kwamagome, 35 kilometres southwest of the city of Handeni in the Handeni Region, Handeni – Tanga Rural District, United Republic of Tanzania, East Africa and is centered on 5°33’47”S and 37° 51’35”E.
First investigated in 2005, there is no recorded previous exploration on the Property. It is located within a pan-African belt of metamorphic rocks known as the Mozambique Belt. The northwest southeast striking belt of metasedimentary rocks around a central core of a mafic amphibolite unit in granitic gniesses and/or intrusive equivalents which are striking northwest and associated with the Magambazi zone (East Africa Mines – formerly Canaco Resources) located to the south east.
A recent alluvium deposition that fills the main valley that are adjacent to the ridges of outcrop that host the main auriferous structures in the Bondo area (which lies immediately north of the Property). The Alluvium appears to be un-stratified composing of cobbles, pebbles, gravel and sand. The cobbles and pebbles for the most part appear to be quartz although a few metasediment types were noted. The auriferous unit is sand and almost colluvial in appearance. The identified mineralization in the adjacent drainages is beneath 5-6 metres of barren clay silt valley fill contains the Gold.
A recommended exploration program to evaluate the potential of the Property by test pitting and trenching is being initiated.
