Why $5000 Gold Could Soon Become A Reality - Seite 3

Time to Drill Down on The Play That Made Amex Investors Rich

Now, it's time to drill. Amex is already drilling with a frenzy, but it's Starr Peak's upcoming drill that offers the best off-the-radar exposure. Both are fully funded to drill, too. But let's back up a bit to the Amex discovery, which we think sheds more light on what is anticipated with Starr Peak. 

First of all: Amex did what major miners thought impossible in this gold-rich area of Quebec. They'd given up while Amex kept drilling until it hit high-grade gold in a series of holes in a stunning discovery. It was no secret that there was gold here, and tons of historical production was pretty easy to follow. But the majors weren't tackling the drilling right. 

Anyone who was savvy enough to bet on this small company trumping the big gold miners was rewarded wonderfully because AMEX hit very high-grade gold in three distinct zones here, on its Perron Gold Project. 

Amex currently has $25 million in cash and is now fully funded for their ongoing 200,000 meter drill program. They have 6 drill rigs working around the clock and have basically announced high-grade results hole after hole--with no sign of anything slowing down. 

With Amex founders also shareholders in Starr Peak, Amex is drilling closer and closer to Starr Peak's property. The trend and strike direction of the discovery is heading due East towards Starr Peak's property.

It's now only about 1 kilometer away from Starr Peak's property border and with each easterly move it makes toward Starr Peak, the numbers get better. The grades are getting higher and the gold mineralization is open at depth. The grades are so high it is deemed to be some of the richest grades found in the Abitibi Greenstone Belt.  As everyone knows, the best place to find a discovery is often right next to another discovery. That's Starr Peak. 

The Golden End Game

This is all happening in the beating heart of Quebec's gold bonanza. Just as gold, in general, has moved from Wall Street to Main Street, Amex has followed suit--attracting institutional investors to keep it off the radar while it grew serious legs. Starr Peak (STE; LSGEF) shares have been on a tear since they doubled down on Perron, surging 386% over the past 12 months.