3. I go to my notebook (iPad, laptop, Droid) and scan for anything relevant from any contact whom I either respect or at least can tolerate. I see that I had dinner with Colorado doctor of geology Quinton Hennigh (and three others) at the PDAC alcohol and mining festival last week in Toronto.
Dr. Hennigh is behind a few companies, mostly as a senior consultant and at least one as an executive. These include Evolving Gold (TSX: T.EVG, Stock Forum), EurOmax Resources (TSX: V.EOX, Stock Forum) and Gold Canyon Resources (TSX: V.GCU, Stock Forum).It says in my notes, and I quote this from our dinner Sunday, March6: “I lose no sleep knowing (Gold Canyon’s) Springpole will be 10million ounces,” he said to me when I asked about a few of hiscompanies. “This is going to be the biggest project ever in Canada.”
Dr. Hennigh, schooled at the Colorado School of Mines, was named to Gold Canyon’s board of directors on March 4. The economist geologist has been “refocusing” exploration as a consultant for the Springpole Gold Project in Ontario, not far from Red Lake, since 2009. His words made a pleasant dinner at a Toronto steakhouseeven more pleasant. This is because I already owned shares of GoldCanyon, on the (January) advice of another doctor of geology fromStanford University who is keen on alkaline intrusions that might hostvast quantities of gold … sort of like Canada’s Archean Shield gold deposits.
I bought more GCU shares since dining with Dr. Hennigh. (Mypurchases of GCU thus far: 4,200 shares Monday, March 14 at $2.34 ashare; 2,000 shares March 2 at $2.27; 1,200 shares March 2 at $2.27;6,000 shares Feb. 8 at $2.53 a share; 7,500 shares Feb. 1 at $2.53 ashare. All prices in U.S. dollars)
Oh, and the postscript: Gold Canyon Resources today reported shallow gold assaysthat included 100 meters at 7.2 gram per metric ton. “We hit a ton ofgold,” Dr. Hennigh just e-mailed me. The Canada-traded stock at thiswriting Tuesday was rising 10 percent to $2.54 or so a share. Now thatis nuclear.
