Wabash and Lower PME Drilling Expand Near-Surface Gold Mineralization at Prospect Mountain

This is interesting, but honestly, I'm more focused on tangible assets I can hold in my gold IRA. Drilling expansion might be good for a younger, more speculative investor, but for my retirement savings, I'm looking for established precious metals with clear tax advantages. I already did my 401k rollover a few years back and I’m just trying to keep my portfolio stable in Tulsa.

This is actually some decent news out of that area. I remember looking at PME a few years back when I was first getting into diversifying my IRA with physical metals. They always had some promising ground, but the drilling results were always hit-or-miss for anything substantial. A consistent near-surface hit like this actually changes the economics a bit for smaller operations, especially with gold hovering where it is. Might be worth another look if they can prove out the strike length.

This is fascinating. Back in '08, when the market was tanking hard and everyone was screaming 'sell!', my financial advisor - bless his cotton socks, he meant well - was pushing me towards more "stable" blue-chips. But I had a gut feeling, a nagging worry after watching my parents lose a chunk of their retirement in the dot-com bust, that the paper wasn't as solid as it seemed. I pulled $300k out of a mutual fund that was bleeding value and put it into physical gold. The fees stung a bit at the time, especially living here in Honolulu where everything's a premium, but that move saved my portfolio. Seeing reports like this about new discoveries just solidifies that conviction for me – knowing there's still more out there to back the value.

Agreed entirely with your take on Wabash. I picked up some Wabash early last year after reviewing their drilling results and seeing the clear expansion. My initial due diligence was more focused on their silver prospects, but the gold mineralization they're showing at Prospect Mountain is really impressive and has me rethinking my allocations a bit. It’s definitely something I’m keeping a close eye on for my own portfolio.

That's great news! Love seeing these kinds of updates. I actually got into my Gold IRA about 4 years ago, right when things were heating up with some exploration news out of Nevada. Always felt better knowing a bit about the actual mining companies doing the work, not just the spot price. It definitely influenced some of my decisions for the physical gold I hold within my IRA, knowing the supply chain resilience.

This news about Prospect Mountain is interesting, but honestly, I'm finding myself increasingly skeptical of these junior mining exploration updates. I've seen too many "near-surface mineralization" headlines in the past five years that don't translate to anything remotely investable for someone like me with 150k in my IRA looking for tangible assets. Call me jaded from a few PME plays that never materialized, but I'm sticking to physical for now.

This sounds promising for the PME side. I'm curious if anyone here with experience in junior exploration plays has a rule of thumb for how much of a drilling expansion like this typically translates to an actual increase in proven reserves, assuming everything else stays constant? Or is that like asking how long a piece of string is?

@Sharon Evans - I get where you're coming from with the tangible assets argument; it's definitely the default for most Gold IRA investors, myself included when I first started out with my physical bullion. But honestly, for those of us in the 50-100k range, *only* sticking to physical gold in a vault feels a bit like leaving money on the table. If a well-vetted, actively expanding gold *miner* is showing solid growth, shouldn't we be looking at the potential for that underlying asset to appreciate significantly more than just the spot price of a bar? Especially when inflation seems determined to eat away at savings, even gold needs to pull its weight.

I keep going back and forth between gold and silver allocations. The gold-to-silver ratio right now is making silver look attractive.

@Janet Cook, I remember PME. Was interested in them back in '17 when their initial drill results looked promising. What I've learned over the years, especially with these smaller cap miners, is to look past the *initial* assays. Everyone's got high-grade intercepts in the first few holes. The real indicator for me is the consistency across a wider area and, more importantly, the dilution potential. I've seen too many promising juniors with decent gold in the ground but a terrible strip ratio that makes extraction uneconomical at anything less than peak gold prices. Always dig into their resource estimates and extraction plans – that's where the rubber meets the road. Good news is good, but due diligence is better.

This is good news for the smaller plays, always exciting to see. Honestly, I've spent enough time digging through SEC filings and company reports that I barely recognize my old Wall Street self. For anyone trying to get a handle on the broader market trends or even just understanding what "near-surface gold mineralization" actually means beyond the hype, the Learning Center at https://learn.goldirablueprint.com/?forum has some truly solid write-ups. Helped me frame a lot of these junior miner updates.

Good to see some expansion news. Honestly, I'm always looking for diversification beyond just gold, even in my precious metals. For silver fans, check out the Silver vs Stocks tool at https://silvervsstocks.goldirablueprint.com/?period=10Y – it really helped me make sense of some allocation decisions for my phoenix-based portfolio. Definitely opened my eyes to silver's long-term potential compared to some of my dividend stocks.

Interesting news, and while expanded mineralization is always good to hear, I'm finding myself a bit more cautious on these near-surface drill results lately. I've been burned before with "promising" junior miners that have great initial reports but never quite translate into actual production or a significant impact on gold prices. My last experience with a smaller Canadian explorer a few years back really soured me on chasing these announcements. I'm focusing on the physical metal in my IRA for now, especially with the inflation numbers we're seeing out of Nashville.

Interesting news, reminds me of the wild ride back in '09 when a similar announcement popped up for a smaller Canadian junior. Everyone piled in, myself included – thought I'd hit the jackpot with my newly rolled over IRA funds. Ended up being a lot of hype for not much substance. Always makes me wary when these "near-surface" announcements come out; deeper down is where the real value often lies, but also where the real costs are. My <25k portfolio can't afford too many gambles like that anymore.

Interesting news from Prospect Mountain, though I always take these pre-production drilling reports with a grain of salt. Reminds me of that small-cap mining stock I jumped into back in '08, right after the last financial crunch. Saw similar headlines, bought in on the promise of "expanded mineralization," and ended up watching my investment slowly dwindle. It's a good reminder that drilling results are not the same as a producing mine, and there's a lot of capital and regulatory hurdles between here and an ounce of gold actually being refined.

@Robert Thompson Good call on the diversification, even within precious metals. While I'm primarily in the gold IRA space for my retirement savings, I've definitely looked at adding some silver for that extra hedge. My 401k rollover into gold years ago was a primary move for tax advantages, but I've been eyeing certain silver coins and bars. Just need to find the right entry point without compromising my existing gold position too much.

This is interesting news for anyone looking at junior miners. I've been burned by *promising* drill reports before, so I always dig deeper than the headline. The "near-surface" part is key for potentially lower extraction costs, but I'd want to see their projected all-in sustaining costs and how that stacks up against current gold prices. What's the grade they're consistently hitting, and how wide is that mineralization? That's where the rubber meets the road.

Interesting news for Wabash and Lower PME, but honestly, "near-surface gold mineralization" always gives me pause. We've seen this song and dance before, haven't we? It's one thing to find an attractive assay, another entirely to prove up a commercially viable deposit that can withstand extraction costs and market fluctuations. I’m from Philly, and I’ve seen enough development projects go sideways to know hope isn't a strategy. For silver fans, check out the Silver vs Stocks comparison for a different perspective on precious metals performance.

@Robert Thompson – I appreciate the tool suggestion, I'll definitely check it out. But honestly, while silver has a place, for me, gold is the bedrock of my precious metals strategy, especially in the inflationary mess we've been in. I'm sitting on a decent chunk in my Gold IRA – probably in the 70-80k range, mostly allocated to physical gold due to its historical reliability. I get the diversification argument, and I do have some silver exposure outside my IRA, but for retirement savings, I'm sticking with what has proven to be the ultimate safe haven. The volatility of silver, even with its industrial uses, makes me a bit skittish for that core preservation goal. Especially living out here in Denver, where the cost of living just keeps climbing, I need something I can truly count on to maintain purchasing power. It's less about chasing gains and more about protecting what I've built.

@James Wilson, totally get that feeling. My eyes used to glaze over with those reports too, until I realized how much I was leaving on the table just blindly trusting my old broker. For smaller players like us in Albuquerque, those near-surface finds are gold, literally. I always keep an eye on the drilling depths and accessibility; cheaper to extract means better margins for the company, and hopefully for our portfolios down the line.