Analysts Say the Time for Gold is Now

Aug 8, 2024 By MarketDepth

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The following is a paid promotion for Clarity Metals Corp. (CSE:CMET). Please review the forward-looking statements and legal disclaimers at the end of this article for important details.

Gold Demand to Hit Record High in 2024 With Central-Bank Buying, World Gold Council.⁽³⁾

“We Project $3,000 Gold Over Next 6-18 Months”, Citi Financial Analysts ⁽⁹⁾

Global analysts and Governments have Finally Agreed on Something.….GOLD!

Investors are buzzing as gold accelerates to unprecedented heights, shattering previous records and sparking excitement amongst the investment community. To cap that off, CITI is predicting gold will be at $3,000 in the near term, while JP Morgan suggests that a summer rally may occur. ⁽⁸⁾

If these analysts are right, we believe the gold market may be about to surge in a way we haven’t seen since 2020.

“Breakout rally for gold expected in mid-2024”, JP Morgan Analysts⁽⁸⁾

Accordingly, we believe things are just getting started and the current market for gold presents a good opportunity.

Why are we bullish on the GOLD sector

1. Governments buying gold at record paces ⁽¹⁸⁾
2. Analyst forecasts call for a 30% surge ⁽¹⁵⁾
3. Debt Hitting All-Time Highs ⁽¹⁰⁾
4. Hedge Funds have started to buy up gold mining stocks⁽¹¹⁾
5. Global demand increasing and production dropping⁽¹⁰⁾

A 30% surge in gold prices is great but there are other opportunities for creating potential investment returns. Take gold exploration companies for example…..

Historical charts show that gold stocks have consistently outperformed the gold market ⁽¹⁶⁾, capturing the attention of investors.

This Gold Exploration Company is at the Top of our List

We believe Clarity Metals Corp. (CSE:CMET | OTC: CLGCF) is well positioned within sector, as it holds a promising property nearby other world-class mining producers in the historically abundant Abitibi gold region.

Accordingly, Clarity Metals hopes to tap into this high-grade gold region, one which hosts Osisko Mining Inc.’s (OSK:TSX) (“Osisko”) Windfall Lake Project.

Osisko’s Windfall Lake Project discovery has proven reserves of 2.3 Million ounces of gold and at todays prices gives them a value of USD$7.5 billion. ⁽¹²⁾  What gets us excited, is that the property is adjoined to the Clarity Metal’s (CSE:CMET | OTC: CLGCF) flagship Fecteau Gold Property.

With such a low market cap and historical drilling results to showing high-grade gold intercepts, the Fecteau Gold Project may very wellbe another win for the James Bay region of the Abitibi.

Clarity Metals (CSE:CMET | OTC:CLGCF) has already completed the first round of drilling of the property, spending $1.4 million to-date on over 5,800m of drilling and receiving the property’s highest ever gold intercepts ⁽¹⁷⁾.

The argument for future drilling programs is compelling after seeing sensational gold targets on the neighboring Osisko property. 

Management Eager to Drill? What aren’t they telling us?

Mr. James Rogers (CEO – Clarity Metals) is a 20 year veteran of the mining industry and has over 100 completed property transactions globally. Teaming with senior advisor Mr. Roy Kutluoglu, a professional geologist with almost 20 years of international mineral exploration experience and executive management roles in North American and European companies and most know for helping close Goldcorp Inc.’s $520 million acquisition of Kaminak Gold Corporation in 2016…the duo believe the opportunities are endless.

Clarity Metals’ (CSE:CMET | OTC:CLGCF) Fecteau Gold Project is strategically situated within a region that has produced over 215 million ounces of gold since the early 1900’s ⁽⁵⁾ and been called “Canada’s Primary Source of Gold” ⁽⁵⁾. The Fecteau Gold Project is neighboring to Osisko’s Windfall Lake Project in the world famous Abitibi region in Quebec, Canada. With over 300 million ounces⁽⁵⁾ of total proven gold in the region, THE RACE IS ON to get the remaining gold out of the ground!

Osisko has generated fantastic drill results right next to Clarity’s Fecteau Project:

1. Osisko’s Windfall Lake Project: 13,634 g/t AU over 2 m & 90,700 g/t AU over .3 m ⁽¹⁾

Clarity Metals (CSE:CMET | OTC:CLGCF) released results from there most recent drill campaign and well “THEY WERE RIGHT!”. The results came back with the highest ever gold intercepts on the property registering at 14.91g/t and 5.98 g/t ⁽¹⁷⁾.

What Makes the Abitibi so Important?

The Abitibi Greenstone Belt has produced 90% of Canada’s Gold⁽⁶⁾. The “Golden Corridor” some may call it has yielded some of the world’s most prolific gold deposits and put Canada on the map globally ⁽⁶⁾. Abitibi has the greatest density of gold in the world ⁽⁷⁾and with record high gold prices, the miners are racing to find it.

Clarity’s direct neighbor has spent over $800 million⁽¹²⁾ on exploration of the Windfall Lake Project, which wraps around the Fecteau Gold Project.

It’s no surprise that Clarity hurried to secure the property ahead of Osisko!

Now that you understand the magnitude of why this little gold explorer excites us! Let us recap the reasons why you should put Clarity Metals (CSE:CMET | OTC:CLGCF) on your Watchlist.

1. The Fecteau Gold Project is located within the historically mineral rich Abitibi region, centrally positioned within Osisko’s Windfall Lake Project.
2. We believe the historical drill results on the Fecteau Gold Project show great potential
3. Strong leadership team with 50+ years of experience including CEO James Rogers who has over 100 successful resource property transactions
4. Gold prices are expected to surge another 30%
5. Governments, Hedge Funds and Analysts are all investing in gold

References

1. https://www.osiskomining.com/osisko-windfall-infill-drilling-very-good/
2. https://btrgold.com/2021/01/14/bonterra-intersects-26-6-g-t-au-over-5-2-metres-at-gladiator-expanding-a-previously-discovered-subparallel-vein-along-the-main-zone/
3. https://www.bnnbloomberg.ca/gold-demand-to-hit-record-with-central-bank-buying-wgc-says-1.2028727#:~:text=Gold%20Demand%20to%20Hit%20Record%20With%20Central%2DBank%20Buying%2C%20WGC%20Says,-Yvonne%20Yue%20Li&text=(Bloomberg)%20%2D%2D%20Total%20gold%20demand,to%20the%20World%20Gold%20Council.
4. https://www.gold.org/goldhub/gold-focus/2024/06/central-bank-gold-buying-picks-april
5. https://resourceworld.com/abitibi-gold-belt-canadas-primary-source-of-gold/
6. https://www.visualcapitalist.com/sp/the-history-of-the-abitibi-gold-belt/
7. https://www.visualcapitalist.com/sp/canadas-gold-exploration-frontier-the-abitibi-greenstone-belt/
8. https://financialpost.com/news/gold-prices-breakout-rally-2024-j-p-morgan
9. https://www.cnbc.com/2024/04/16/gold-is-shining-bright-like-a-diamond-and-could-hit-3000-says-citi-.html
10. https://www.cnbc.com/2024/06/10/gold-miners-struggle-with-excavating-more-says-world-gold-council.html
11. https://www.wisdomtree.com/investments/blog/2024/03/19/gold-breaks-new-highs-will-miners-follow-suit
12. https://www.juniorminingnetwork.com/junior-miner-news/press-releases/1325-nyse/gfi/140640-gold-fields-partners-with-osisko-to-develop-the-windfall-project-in-quebec-canada.html
13. https://www.newswire.ca/news-releases/goldcorp-announces-acquisition-of-kaminak-gold-corporation-579168781.html#:~:text=The%20total%20consideration%20offered%20for,0.10896%20common%20shares%20of%20Goldcorp.
14. https://www.canadianminingjournal.com/news/osisko-mining-raising-75m-to-advance-windfall-gold-in-quebec/
15. https://markets.businessinsider.com/news/commodities/gold-price-forecast-outlook-spot-fed-interest-rate-cut-rosenberg-2024-4
16. https://www.vaneck.com/be/en/blog/gold-investing/gold-takes-hold-amid-uncertainty/
17. https://www.juniorminingnetwork.com/junior-miner-news/press-releases/2811-cse/cmet/152288-clarity-metals-updates-on-fecteau-gold-project.html
18. https://www.axios.com/2024/01/31/central-banks-buy-gold

Full Disclaimer

Forward-Looking Statements and Legal Disclaimers – Please Read Carefully.

This newsletter contains certain forward-looking statements within the meaning of applicable securities laws. All statements that are not historical facts, including without limitation, statements regarding future estimates, plans, programs, forecasts, projections, objectives, assumptions, expectations or beliefs of future performance, are forward-looking statements. Forward-looking statements in this material include, but are not limited to statements concerning: the potential growth, increase in share value and other like statements related to possible increases in the business or operations of Clarity Metals Corp. (“Clarity Metals” or the “Company”); the projected growth of the gold market in Canada and abroad; any similarities between the Facteau Gold Project and the exploration properties of Osisko; that the Facteau Gold Project could become the next property to draw attention to the Abitibi gold region’s reserves; statements relating to the further exploration at the Facteau Gold Project and the company’s intentions to further define its geological model; statements relating to any bullish sentiments towards Clarity Metals, its business operations, the gold market and the price of gold; any advantages Clarity Metals may have over its competitors and, in connection therewith, its future sentiments of the prospectivity of its Facteau Gold Project; that the demand for gold will continue to increase globally; and other general statements regarding global economic trends, and any resulting changes in the price of gold stocks; statements regarding gold and gold-related stock being immune from market volatility and the effects of an economic recession; and that Clarity Metals can obtain sufficient financing or cash flows to continue mineral exploration, property development and its current operations. These forward-looking statements are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information. Risks that could change or prevent these statements from coming to fruition include: that Clarity Metals may be unable to successfully complete further exploration or receive similar results from prior exploration on its Facteau Gold Project; that Clarity Metals may be unable to commercially extract gold from its Facteau Gold Project; that the anticipated gold boom may be ending and that demand for gold may decline due to other global trends and economic factors; that the growing demand by central banks to acquire gold may cease to continue and be a factor in the decline of gold prices; that Clarity Metals may fail to achieve exploration and development success similar to other companies within the gold mining sector, especially those located within the Abitibi gold region; and that Clarity Metals may ultimately fail to successfully implement its business plans, raise capital or generate any significant revenues.

The forward-looking information contained herein is given as of the date hereof and we assume no responsibility to update or revise such information to reflect new events or circumstances, except as required by law.

This newsletter also includes references with respect to the Windfall Lake Project (4.1 Moz of gold (measured and indicated)), which is located near the Facteau Gold Project. Readers are cautioned that, notwithstanding their proximity of location, discoveries of minerals on such properties or any promising results thereof are not necessarily indicative of the mineralization of, or located on the Facteau Gold Project, or Clarity Metal’s ability to commercially exploit the minerals claims which comprise the property or to locate any commercially exploitable deposits therefrom.

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PAID ADVERTISEMENT. This communication is a paid advertisement and is not a recommendation to buy or sell securities. Equitrend Data Inc. is owned and operated by Sam Khabbazian  and its owners, managers, employees, and assigns (collectively, “Equitrend”) has been paid USD$250,000 by Clarity Metals Corp. (the “Company”) for an ongoing marketing campaign including this article, as well as various digital and video marketing materials, landing pages, email, on-line banner and native ads, and social media investor marketing (the “Services”). This compensation is a major conflict with our ability to be unbiased. This communication is for entertainment purposes only. Never invest purely based on our communication.

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