Continuing our coverage of ZNZBF with major upside potential
Published: Wed, 05/01/19
 Good evening all, ZNZBF delivered some nice gains today, both at the open and on the dips. However we are looking for a much bigger move higher, and we think there is a good chance we see this in the next day or so. We still remain bullish on ZNZBF for all the reasons mentioned below. Remember, it traded at $0.24 just a couple weeks ago and with a tiny market cap of just $2m, we think it could get there once again if momentum comes in. So, keep ZNZBF on your screen and look for your chance to capitalize. All the best. ------------------------------------------------------------------------------------------------- Subscribers, The crazy market continues to whipsaw investors daily but the longer term up trend still remains intact. We love small caps because they ignore the "noise" in the markets, and I've identified a hot potential trade idea for today. Zanzibar Gold Inc (ZNZBF) is our trade idea today. ZNZBF was trading at $0.24 just a couple weeks ago before selling off, hitting a low of $0.15 yesterday before bouncing a little closing at $0.17. We think there could be a lot of upside potential if this major bounce continues. And because ZNZBF has a tiny market cap of just $2m, all indications are that momentum in the bounce higher could be very strong. The business objective of Zanzibar Gold Inc.(ZNZBF) is to identify, evaluate, acquire and explore mineral properties for the purposes of identifying a mineral resource deposit on its existing property interests or any of the subsequent properties acquired by the Issuer for the development of a mine. The price of gold is nears its lowest level in a long time. And with tremendous global economic uncertainty ahead, this could be the perfect opportunity to invest in the gold sector. ZNZBF is a truly ground floor, "IPO style" trade idea as this dual listed gold / mineral exploration company has just recently listed in the US. Since it started trading in the US, it has gone from around $0.17 up to $0.24, and back to $0.17 yesterday, where it started almost a month ago. ZNZBF's Current Projects Tanzania Tanzania has long been known as a haven for gold since Arab traders first came during the 16th to 19th centuries. Following World War I, gold production grew steadily for about 30 years, but then declined. By 1967 output had all but ended as a result of the fixed gold price. Since Tanziania’s modernized Mining Act in 1998, the country became the fastest growing gold producing country in the world with Reserves in the 50 million ounces! Six gold mines have been developed and opened making Tanzania the fourth-largest gold producer in Africa. Located in the Handeni Kilindi Regional district of Tanzania, this project was first investigated in 2005. A recent alluvium deposition that fills the main valley that are adjacent to the ridges of outcrop that host the main auriferous structures in the Bondo area (which lies immediately north of the Property). The Alluvium appears to be un-stratified composing of cobbles, pebbles, gravel and sand. The identified mineralization in the adjacent drainages is beneath 5-6 metres of barren clay silt valley fill contains the Gold. Coarse gold flakes, up to 2mm in size, are found within the adjacent valley alluvium which feeds into the main valley where the Property is located. A recommended exploration program to evaluate the potential of the Property by test pitting and trenching is being initiated. Gold Vanadium in BC (Vancouver Island) ZNZBF's other prized property known for it's presence of Gold, Copper, and Vanadium located in Vancouver Island, Canada! Last December, the company announced the Acquisition of this property with 80% interest. The history of this property is quite extensive... In 1985, Westmin Resources completed a program of geochemical sampling that assayed 2.1 grams per tonne gold. 3 years later, Nexus Resources completed a program of seven diamond drill holes, which uncovered assayed samples of 1.19 grams per tonne gold, 0.0024 per cent copper, 0.0023 per cent zinc, trace silver and trace lead. A review this year outlined for vanadium found that the property represents a unique undefined target that is one of the best known for vanadium values ever seen in this new exploration market! Major Recent News... Earlier this month, ZNZBF reported the company confirms gold and vanadium in samples taken on its property on Vancouver Island. SURREY, British Columbia, April 10, 2019 (GLOBE NEWSWIRE) -- Zanzibar Gold Inc. (ZBR – CSE; ZNZBF – OTC Pinks) reports on its copper gold and vanadium Property on Vancouver Island. During this initial program soil and rock samples were taken in the area and analyzed for ICP 30 elements. Preliminary geological mapping and analysis was also undertaken. One new showing, gossan in a sheared portion of the gabbro was uncovered and sampling (Grab, rock) assayed 0.31% Copper and 1.15 grams gold with high vanadium (84ppm) and another sample from the same zone had copper and gold values and 194 ppm vanadium. This new showing in a shear zone within the gabbro unit that crosses the entire property in a NNW direction and is anomalous in its entirety (2-3 km is present on the property) and continues to the north is part of the continuous unit with several gold copper showings. Values of samples in the adjacent properties and showings that are on the property have been reported in the 1-3 ppm range with high grade (adjacent properties) values in the 10+ gram per tonne range. Gold (over 2000 ounces) was recovered from the region, in the mid-20th Century from small operations. The preliminary sampling has indicated that the gabbro is more mineralized than the surrounding volcanics, with higher vanadium values. Anomalous gold values are associated with higher vanadium values and copper values. A review of the available data indicates that the gabbro is anomalous in vanadium and gold. Vanadium, found worldwide has a back ground of 50 ppm and 90% of the soil samples and over 75% of the rock samples taken on the property were above 100 ppm Vanadium. Recent reporting from the BBC outline that the gold price has hit a near-four week high, underlining worries about global growth (Brexit and the Rump EU) and the US Federal Reserve's cautious comments on the USA’s economy. "… the US dollar is weak and we saw [the] Chinese central bank's acquisition of gold for a fourth month. A combination of all these factors have moved gold into the $1,300s," said Bart Melek, head of commodity strategies at TD Securities in Toronto. President S.A. Farrage stated, “The association of gold with a long trend of geology is always a positive and that we have an important new element, Vanadium, associated with it is encouraging.” G. Macdonald, the QP for the company has reviewed this news release. To read in full visit https://finance.yahoo.com/news/zanzibar-samples-confirm-gold-vanadium-145704258.html Zanzibar Commences Due diligence of Advance Gold PropertiesLast week, Zanzibar Gold Inc. (ZBR – CSE; ZNZBF – OTC Pinks) reports that it has initiated acquisition of the Mkuvia Gold Property in the Nachengwea area of southern Tanzania and the Fakawi Gold property in the Handeni area of North-central Tanzania.The Mkuvia property has had small scale local placer operators mining gold from the property since 2005. In 2009, a 43-101 Compliant Reserve report was calculated on the central portion of the main gold producing area, that outlined an inferred reserve 6 million grams of gold. A preliminary operation plan was drawn up but never put in place, so most of the reserve is intact. The potential of a low-cost extraction of placer gold from part of an extensive gold bearing placer alluvium will be investigated by Zanzibar. Placer deposits are attractive because of their low costs and ability to supply high grade gold (often in the 90%+ purity range) reducing further processing costs. Acquiring a gold inventory will assist the company in proceeding with all its gold exploration and development projects. The Fakawi Property is an advanced hard rock exploration project that has widespread high grade gold veins with several multi gram assay results over 1 metre of surface trenching, north of the 1 million ounce Magambezi Deposit. No follow up exploration has been conducted on these veins. Recent reporting from Streetwise Reports outlined that the gold supply is “slowing down.” It further summarizes that there “have been no major gold discoveries …[and] no technological break throughs…”. As a result mines are showing lower grades. “Coupled with the underlying worries about Brexit and the cautious comments on the USA’s economy,” President, S.A. Farrage noted, “having an inventory of gold bullion can stabilize the Company’s prospects!” G. Macdonald, the QP for the company has reviewed this news release. To read in full go to https://finance.yahoo.com/news/zanzibar-commences-due-diligence-advance-123000800.html It's time, go get ZNZBF on your screen immediately. Now could be the perfect time to grab a share of the gold sector, and with ZNZBF's recent gold discovery, this opportunity could be very big indeed. Remember, ZNZBF has a tiny market cap, so if ever there was a time to jump on board, it is right now. All the best. SmallCapMomo.com picks@smallcapmomo.com --------------------------------------------------------------------------------------------------------
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