Angus Gold (TSX.V: GUS)
Angus is an early stage gold exploration company focusing on the WAWA Mining Camp in a prolific and proven gold district.
Neighbours include Alamos Gold, Argonaut, and Wesdome Gold Mines.
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Angus Gold Regional Map
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| Angus Gold | TSX.V: GUS |
| Stage | Exploration |
| Metal | Gold |
| Market cap | C$28.5 m @ C$0.58 |
| Location | Ontario, Canada |
Comment
Angus Gold is a nearly stage gold exploration company located in a prolific area for gold discovery and production, in a tier 1 jurisdiction, Ontario Canada.
The recent investment by neighbour Wesdome Gold Mines drew my attention to the story.
I am adding them to the Tier 4 watchlist group.
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Initiating Coverage of Angus Gold
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Angus Gold (TSX.V: GUS) is an early stage gold exploration company focusing on the WAWA Mining Camp in a prolific and proven gold district.
Neighbours include Alamos Gold, Argonaut, and Wesdome Gold Mines.
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I like Angus because;
- Management have a track record of previous success in this area of Canada
- There are several neighbouring producing gold mines
- Directors and management have a 37% shareholding
- Newgold have a 10% investment in the company
- Near neighbour Wesdome has just invested in the company
- Institutions hold 21%
- Retail only hold 16%
- Low share count
- Prolific gold belt
- Tier 1 jurisdiction
Angus has all the ingredients I look for, management have sold projects before and created shareholder value, prolific gold belt with neighbouring producing mines, tier 1 jurisdiction, directors own over a thirs of the company, and they have two gold producing miners as shareholders.
I aim to take a small position to maintain my interest in the company and follow progress.
The Angus Gold corporate website can be accessed HERE
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The company presentation can be viewed HERE
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If you need clarification of any information contained in this note, or have any questions, I will be delighted to assist – Please email andrew@city-investors-circle.com
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Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.
All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.
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Disclosure
At the time of writing the author holds no shares in Angus Gold.
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