A past winner is back on our radar
Published: Sun, 09/22/19
 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 Monday, one that we profiled back in May. Zanzibar Gold Inc (ZNZBF) is back on our radar now. ZNZBF has been consolidating for a couple of months now, and a move higher is in its early stages. We think this could be that start of a technical breakout with a lot of upside potential. And because ZNZBF has a tiny market cap of just $2m, all indications are that momentum in this breakout could become 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 a 52 week low of $0.0125 and a 52 week high of $0.25. Back in July it made a crazy move from its 52 week low to its 52 week highs in one day on very light volume - that's 1,900%!!! Talk about a past winner! 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... (Update) Zanzibar Mobilizes To Explore Tanzanian Gold Exploration PropertiesVANCOUVER, British Columbia, Aug. 27, 2019 (GLOBE NEWSWIRE) -- Zanzibar Gold Inc. (ZBR – CSE; ZNZBF – OTC Pinks) reports that it is preparing an exploration program on the Mkuvia Gold Placer (“Mkuvia”) and has mobilized field crews to initiate its exploration of the Mkuvia and the Fukawi Lode gold (“Fukawi”) properties in Tanzania. On the Mkuvia, the company is sending an independent geologist to complete a NI 43-101 exploration report to satisfy regulatory requests and to outline a small exploration program to test the reported placer area. The program will mainly focus on the areas identified in a 2009 report as prime exploration targets and will utilize modern equipment for the first time on the property area. On the Fukawi Property, the initial exploration program will focus on several gold bearing veins that were outlined in previous exploration. Trenching and sampling to explore the continuity and geology between two test pits to the west of the main valley that assayed 40.70 grams and 57.99 grams (approximately 1.2 ounces and 1.7 ounces respectively) across a 1 metre width and another test pit approximately 200 metres, west, that assayed 36.89 grams (1.1 ounces). Also on the east side of the same valley, between the test pits that assayed 20.4 grams and 40.21 grams (0.6 ounces and 1.2 ounces respectively), and another test pit approximately 300 metres to the north, that assayed 82.31 grams (2.4 ounces). All samples were across an approximate 1 metre width. The foregoing results reported previously (April and June, 2019). The Fukawi Property is a hard rock exploration project located northwest of the Magambezi Deposit, and has had no follow up exploration conducted. “We are excited to start our field work on these interesting exploration targets,” Company President S.A. Farrage stated, “especially at a time when gold is attracting more interest and new gold resource targets are relatively few.” G. Macdonald, the QP for the company has reviewed and approved the scientific and technical information in this news release. Read in full at https://finance.yahoo.com/news/august-27-2019-zanzibar-mobilizes-165955914.html
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