Her other two junior gold selections gained 71% and 74%
SmallCapPower | September 16, 2016: While the current junior resource bull market began back in January, it doesn’t mean those who jumped in post PDAC were late to the party. “Resource Maven” Gwen Preston spoke with SmallCapPower in March of this year (watch the interview), and her top pick has soared 102% since.
At the time, Gwen said she thought Auryn Resources Inc. (CVE:AUG) has an interesting gold exploration project in Nunavut with “good odds of success,” but that they were also looking for other assets to acquire. She added that she liked the management team.
Since that interview, Auryn’s stock price has appreciated about 102% to its current share value of $3.07. The Company’s Committee Bay Gold Project in Nunavut includes more than 380,000 hectares situated along the Committee Bay Greenstone Belt, with an Indicated resource of 683,000 gold ounces grading 4.91 g/t, as well as an Inferred gold resource of 965,000 ounces with an average grade of 5.43 g/t.
On June 14, 2016, Auryn announced the acquisition of Homestake Resource Corporation in an all-stock transaction valued at about $8.9 million. Homestake’s Homestake Ridge Project covers approximately 3,600 hectares within the Iskut-Stewart-Kitsault belt in British Columbia with a high-grade gold and silver resource. Homestake had apparently spent $35 million in exploration work on this project.
Looks like the Resource Maven had the golden touch!