Market Support for Miners Could Benefit Samaranta

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The past decade has seen the price of gold rise around 250 percent. Increased economic volatility, alongside a plodding global recovery and the uncertain direction of the U.S. dollar are expected to continue to lengthen the current bull run. Global investors have recognized the tenuous economic circumstances and begun making bets on higher demand. China, the world’s second largest economy and second largest gold consumer, is among the many nations fleeing to the precious metal to hedge against macro uncertainties.

Considering the difficulty economists are having predicting the direction of the global economy, the cause for gold investment could be projected to uphold itself. This in turn could drive the precious metal to its highest historical level, benefiting both early investors and the gold mining companies that will be able to call for premiums on their findings.

In recent weeks, there appears to be increased confidence within the market about the long-term gold trends. Market Vectors Gold Miners ETF (GDX) has been trading at peak levels as economic uncertainty, particularly in Europe, reaches a fever pitch.

While the tenuous state of the economy is not pleasing for most investors and business owners, miners may be celebrating.  Samaranta Mining Corporation (SAX.TSXV) is among these companies with several interests in the under-explored Colombia that could be potentially even more valuable than they initially supposed.


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Samaranta’s presence in Colombia could be a boon for the company if gold continues to fluctuate at high levels in the long-run. Unlike many nations with a rich mining industry, there remain significant uncharted mining opportunities in the area. Recognizing this unique quality Samaranta has been aggressively exploring properties in the region in the hopes of profiting from the gold presence.

Samaranta’s primary focus has been on the Guadalupe property, where promising results from a 501 line kilometer Helicopter Magnetometer and Gamma Spectrometer survey identified several areas of interest. The data, while still raw and unfiltered, prompted a preliminary surface investigation of select areas of interest and other targets. Existing data is being processed in an attempt to identify anomalies which may represent massive sulphide mineralization and could benefit the future of Samaranta.

Given the natural and economic factors working in their favor, Samaranta is simultaneously assessing   another property located south and east of AngloGold Ashanti's Siguiri Mine in north-east Guinea. The surrounding property is recognized for its abundant gold production and Samaranta is confident about the potential of the region, based on the strike projections of the AGA Siguiri Mine shear zones and veins trending toward the property.

Most recently, Samaranta added a 117,647 hectare area in the Colombian department of Choco to their interests.  Between the border of Panama and Colombia Choco has a rich history of gold mining beginning in the 1600’s. Gold is the chief source of income in the area and Samaranta intends to leverage the wealth of potential in the region into leverage. While they have yet to begin actively exploring, a letter of intent was issued so that the company can continued their aggressive pursuit of gold mining opportunies in Colombia.



DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not necessarily represent the views of Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to:


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