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EYES ON THE PRIZE: I’m Raising My Price Target on This One AGAIN!

by | Sep 14, 2019

There’s no stopping the gold rush of 2019, folks. I know, gold is taking a breather at the $1,500 level: that’s actually a positive sign as the price stairsteps its way towards the previous high of $1,900. If anything, it’s a chance to rally the troops and prepare for the next battle, which should be at $1,600 very soon.

I’ve been capitalizing on gold’s ascent from $1,150 to $1,500 with my securely stored physical gold – which I’ve had for years and continue to add to – along with strategic positions in carefully researched mining shares. There’s one in particular that keeps outperforming, to the point where I have to keep raising my price target because of all the good news, not only for gold in general but for the company itself.

This will be familiar to my followers who’ve been profiting from my previous alerts on American Pacific Mining Corp. (CSE: USGD, OTC: USGDF), but I’m going to have to increase my price objective on the stock once again because I just learned that they’ve already begun their flagship Tuscarora project drill campaign – this is happening even faster than I expected, and it’s one of the most promising gold projects I’ve ever seen.

Following up the priority targets defined by exploration already conducted by project operator OceanaGold Corp., the drilling at Tuscarora will target potentially mineral-rich areas of Nevada’s South Navajo Vein, which has numerous historic drill holes.

This is a massive project encompassing around 4,000 meters and an estimated 10 drill holes; previous drill results in this region have indicated high-grade intervals of gold mineralization and low sulphidation. Indeed, the entire Tuscarora District is known as a particularly gold-rich region of Nevada, which itself is America’s top gold-producing state: 5.47 million troy ounces of gold were produced in Nevada in 2016, or 81% of the U.S. total.

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I’ve been waiting for this project to commence, and the drilling is proceeding ahead of schedule, with American Pacific President and Director Eric Saderholm announcing the great news of Tuscarora’s progress. Ultimately, it’s the culmination of a sustained exploration effort by multiple gold miners at the Tuscarora District starting way back in 1982; the work there has been almost continuous since then, with each subsequent operator building on previous work.

The entire property has a relatively low silver-to-gold ratio and almost no base metals, so you can rest assured that a position in USGD/USGDF is a pure investment in gold’s upside – and I expect the move to be swift and powerful in the coming weeks and months.

Strong moves in spot gold are followed by even bigger moves in the miners, and American Pacific stock has made one incredible move after another. It’s hard for most people to keep up with this hidden mining sector gem, so you’ll need to keep checking back here for the latest developments.

In the final analysis, you’ve got multiple factors working in your favor when you’re invested in American Pacific: a new bull market in gold and a top exploration company drilling in what’s potentially the country’s most prolific gold mining region. It’s time to make your move into gold, folks – the drilling has begun and the profits are about to be discovered.

Ace Bauer
Chief Editor, SmartMoneyResults.com

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Legal Notice:
This work is based on SEC filings, current events, interviews, corporate press releases and what we’ve learned as financial journalists. It may contain errors and you shouldn’t make any investment decision based solely on what you read here. It’s your money and your responsibility. Wallace Hill Partners, a Canadian LTD, which is owned by the individuals that own Smart Money Results, has entered three year marketing agreement with American Pacific Gold and has been compensated two hundred and fifty thousand dollars and has received two millions and eight hundred thousand shares directly by the company. The information herein is not intended to be personal legal or investment advice and may not be appropriate or applicable for all readers. If personal advice is needed, the services of a qualified legal, investment or tax professional should be sought.

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