On the heels of today’s rebound in the gold market, today billionaire mining legend Pierre Lassonde told King World News that investors should “buy gold stocks until it hurts.”
Lassonde is arguably the greatest company builder in the history of the mining sector. He is past President of Newmont Mining, former Chairman of the World Gold Council and former Chairman of Franco Nevada. Lassonde is one of the wealthiest, most respected individuals in the gold world, and as always King World News would like to thank him for sharing his wisdom with our global readers during this critical period in these markets.
October 23 (King World News) – Pierre Lassonde: “Real interest rates are going to stay deeply, deeply negative for years to come and gold is going to go up. And gold equities are deeply undervalued. I would say to your listeners, buy gold stocks until it hurts because they have great value today…to continue listening to legend Pierre Lassonde discuss the gold, silver and mining share markets and more CLICK HERE OR ON THE IMAGE BELOW.
Also of importance…
One Of The Biggest Acquisitions Of The Year!
Torq Resources Inc. has acquired an option to earn a 100-per-cent interest in the 3,250-hectare (32.5-square-kilometre) Santa Cecilia gold-copper project, located in northern Chile. The project is in the southern region of the world-class Maricunga belt and immediately north of the El Indio belt. It is estimated that the Maricunga belt could host up to 90 million ounces of gold endowment. The belt is characterized by gold epithermal and gold – copper porphyry deposits, including world-class multi-million-ounce deposits such as Salares Norte, La Coipa, Cerro Maricunga, Marte, Lobo, La Pepa, El Volcan, Caspiche and Cerro Casale.
A Message from Shawn Wallace, Executive Chair & Director:
“The Santa Cecilia gold-copper project represents the culmination of our acquisition strategy in Chile. It is our belief that exploration at a project of this magnitude will be transformative for Torq. I would like to thank our entire team, both here in Vancouver and on the ground in Chile, for all their contributions. We look forward to unlocking the exploration potential of the property and adding long-term value for all stakeholders.”
“Santa Cecilia completes an extraordinary exploration pipeline, which includes our Margarita iron-oxide-copper-gold project, where drilling is ongoing, and the Andrea copper porphyry project, where exploration is expected to commence in early 2022. Our premier portfolio provides Torq Resources with great potential to make Chile’s next significant copper-gold discovery.”
A Message from Michael Henrichsen, Chief Geologist:
“Santa Cecilia represents an extraordinary opportunity for discovery in Chile. Effectively, it gives us the rare ability to step back in time, to the early 1990’s, when the first round of discoveries were being made within the Maricunga belt. The previous operator’s drilling has suggested a large oxide gold system and the potential for high-grade precious metal structures, while the two holes in 2012 have demonstrated a bona fide porphyry system beneath the near surface oxide mineralization. We are in an excellent position to expand both the oxide and porphyry mineralized systems as well as to drill entirely new high quality targets for the first time, which we believe have the potential to contribute to the discovery of a cluster of mineralized porphyry bodies.”
A Message from Waldo Cuadra, General Manager, Chile:
“As an explorationist, to be able to identify, acquire and begin exploration at a project such as Santa Cecilia, located within the gold-copper porphyry belt in Maricunga, is an exceptional event. Our group in Chile has been pursuing this project for many years, and finally, with the full Torq Resources team, we have been able to negotiate a favorable agreement. This is a significant milestone, and we very much look forward to initiating exploration at a project we believe holds significant potential for the discovery of a world-class gold-copper deposit. Torq Resources, symbol TORQ in Canada and TRBMF in the US.
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