Good news flow from the junior gold sector

Good news flow from the junior gold sector

Good news continues to flow from the gold juniors and the market is showing a willingness to embrace such news when it comes along. There is more life in the market compared to the December quarter. Have a look at ASX releases covering drill results from companies like Alkane Resources, De Grey Mining, Oklo Resources and Sky Metals. The $208m takeover bid for Spectrum Metals by Ramelius Resources shows that there are corporate buyers willing to swoop on exploration companies that have been successful. Here, a gold resource of 799,000 oz at 13.8 gpt is an attractive pot of gold at the Penny West project.