El Dorado • \el-duh-RAH-doh\ • noun. 1 : a city or country of fabulous riches held by 16th century explorers to exist in South America 2 : a place of fabulous wealth or opportunity. Examples: "To outsiders, California's Silicon Valley looks like a contemporary El Dorado." (Time Magazine, Sept.5 Feb 2025
With Caprice Resources (CRS) climbing 162% yesterday on news of a find with grades of 34.9gms of gold per ton at Murchison, might be time to reconsider your gold stock portfolio as Murchison is looking more and more like El Dorado of the Southern Hemisphere.
Historical
While Murchison West Australia doesn't produce the biggest nuggets on earth (Victoria still holds that crown) Murchison has historically provided a rich harvest of grams per ton:
Turnberry deposit A deposit with broad zones of high-grade goldAverages about 1,600 ounces of gold per vertical meter from the surface to a depth of 200 meters includes drilling results such as 41 meters at 4.8 grams per ton of gold
White Heat lode A high-grade lode discovered in 2021. Located 300 meters south of Break of Day, includes drilling results such as 4 meters at 100.1 grams per ton of gold.
Wilson's Find claim A claim that yielded more than 28 kilograms of gold in a few days. The claim was made in 1892 by Wilson and Woolhouse The claim was one of the wealthiest in the Western Australian goldfields by the late 1890s.
2025
In this era of tariff uncertainty, where the more worried Americans are about Trump putting a tariff on London gold entering the USA, the higher the gold price climbs, it may well be prudent to consider miners in the Murchison sitting on record gold loads.
So, there are 6 miners working and exploring the fields of Murchison W.A.:
Meeka, Rox Resources, Spartan, Caprice, Westgold and New Murchison Gold formerly Ora Gold.
Just by looking at this graphic from October 2024, we can clearly see Rox Resources and New Murchison Gold in the 3rd and 1st place in terms of biggest gold discoveries in Western Australia.
Well, now we can slot Caprice Resources into 3rd or 4th place in this list.
I put it to all that Murchison is now the stand-out region for big gold deposits.
I also put it to all that these companies are going to be given preferential treatment in the coming years purely because they are in the Murchison.
# We are not merely about to witness a marketing gimmick where for example, angus beef is marketed as the premium beef by a burger chain but, we are going to see miners/explorers in Murchison rise in share price because they are in the super high-grade zone called Murchison.
Now feel free to disagree but, I am not interested in Motley Fool stock tips- I am interested in human behaviour and I sense that a shift in thinking is about to occur here.
