Eric Sprott's Contrarian Bet On Oregon Gold

Until very recently, Oregon has been largely considered to be an irrelevant area for mining. Very few precious metals mining companies were based there and even fewer major discoveries had occurred in the state. But that is all suddenly beginning to change.

After a recent regulatory approval from the state government to take a mine into production and a new major investment from legendary gold financier Eric Sprott, Oregon is on a rapid rise.

And it might just be the very beginning.

What’s happening:

  • Oregon based mining companies have been seeing an influx of new investment, notably with Paramount Gold (NYSE: PZG) just landing a $15M USD strategic investment from legendary mining financier Eric Sprott
  • Provenance Gold (CSE: PAU) has recently emerged with promising results from their initial drilling targets, positioning themselves as potentially the next important exploration company in Oregon

Why it matters:

  • Oregon is now shaping up to be a emerging location for gold mining after the approval from the state government for Paramount Gold to advance their mining operations and bring their gold mine into full production
  • It is very rare that states suddenly change their policies around mining, which can create an enormous opportunity for first movers as an influx of capital begins to find its way to early stage exploration companies

Going deeper:

  • There’s very few exploration gold companies in Oregon that have showed significant promise in early results, which has uniquely positioned Provenance Gold as the next potential company to make a significant discovery in Oregon
  • Provenance Gold acquired their historically gold rich parcel of land in Eastern Oregon from Gold Royalty (NYSE: GROY)
  • Now that Oregon has given clarity around their position on mining, there is likely to be a significant increase in capital investment into precious metals companies operating within the state
  • Eric Sprott is known for his contrarian bets and early stage investments, which has drawn curiosity as to why he is suddenly allocating capital into Oregon after the governments recent approval for Paramount Gold

The intrigue:

  • Provenance Gold’s flagship Eldorado property has significant historical data that suggests there is a potentially major deposit present

By the numbers:

  • Throughout the history of the Eldorado property more than 21,866 metres of drilling has occurred, including extensive soil sampling, geophysics and more
  • There is historical data on Eldorado of more than 242 different drill holes, historical trenches and a large number of surface samples
  • Provenance Gold’s most recent summary of their 11 drill holes have shown impressive data, intersecting 118.9 metres of continuous strong gold mineralization starting at the surface

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The New Money provides background information on early stage companies from publicly available sources. The New Money provides no advice on dealing in securities, is not a financial adviser and does not pretend to be so. This message is meant for information and educational purposes only. The information contained in this email is not to be considered factual or complete. Anybody interested in obtaining financial and other information on companies mentioned is advised to get it direct from the companies, or from their own investment adviser. The New Money does not intend for this information to be used to inform an investment decision. The New Money has been compensated by Provenance Gold for a media campaign, which affects our ability to be unbiased. The Principals of The New Money may buy or sell shares of Provenance Gold without further notice. This is why we stress that you conduct extensive due diligence as well as seek the advice of your financial advisor or a registered broker-dealer before investing in any securities. The New Money and its principals and agents are not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Always do your own research and consult with a licensed investment professional before making an investment. This communication should not be used as a basis for making any investment. Investing is inherently risky. While a potential for rewards exists, by investing, you are putting yourself at risk. You must be aware of the risks and be willing to accept them in order to invest in any type of security. Don't trade with money you can't afford to lose. This is neither a solicitation nor an offer to Buy or Sell securities. No representation is being made that any stock trade will or is likely to achieve profits. Comparisons made to other featured companies or past performance is not indicative of future results.