TM Editors Note: This article discusses a penny stock and/or microcap. Such stocks are easily manipulated; do your own careful due diligence.

Mining stocks are racking up blistering gains in 2016, as gold and silver prices explode higher. So I thought it would be a good time to do another Miner Spotlight, and call your attention to a mining stock that I believe could offer outsized returns during gold’s next major advance.

Gold Stock Bull ‘miner spotlights’ will periodically highlight mining companies with significant news such as high-grade drill results, the release of economic studies, takeover rumors, insider buying or other events. This will allow subscribers the opportunity to perform their own due diligence and potentially identify mining stocks at the start of a new major uptrend. We never accept compensation to write about mining stocks. 

One position that we are considering for the Gold Stock Bull portfolio is Integra Gold Corp(ICG or ICGQF). This small Canadian company is focused on production planning for its high-grade Lamaque South project in one of Canada’s premier gold producing districts, the “Valley of Gold,” Val-d’Or, Québec. They have been delivering impressive drill results lately, including yesterday’s news release: 80 grams per tonne gold (“g/t Au”) over 5.5 m, including including 437 g/t Au over 1.0 m! The Triangle deposit footprint continues to expand with step out drilling extending C structures both laterally and at depth, the company’s working capital is $33 million, 8 drill rigs currently active on the Lamaque Gold Project. Production is expected in late 2017.

JURISDICTION & INFRASTRUCTURE

Val-d’Or, Québec, consistently rated one of the top mining jurisdictions in the world, due to political stability, government support and quality infrastructure. Sigma-Lamaque Milling Facility (2,200 tpd mill and tailings facility) and access to the infrastructure and experienced labor force of the Val-d’Or mining community (pop. 35,000).