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The news coming from a prominent Ontario mining project is helping to bring a rosy outlook to the gold investment forecast for 2010. According to the Abitibi Mining Corporation, the Armstrong Lake gold project will be significantly expanded due to favorable studies done at the site.

Located in central Canada, the Armstrong Lake site is showing great promise for increased gold production. The company has reported that the area lies along a fault that crosses the Horwood project of the Amador Gold Corporation. This fault is thought to be an important factor in the gold mineralization that occurred in this area, making the potential for finding substantial gold deposits a strong possibility.

Studies that have been done indicate that high-grade gold exists and the company is currently performing sample drilling for additional confirmation. The company states that these findings will allow them to move forward with further gold expansion plans, adding even more optimism to future gold investment forecasts.

Canada is one of the leaders in the world for gold production. The country is rich in minerals and many exciting finds have been made there. In spite of declining production worldwide, Canada is one of the areas that have consistently produced new finds, leading to continued exploration.

As prices surged to record highs at the end of 2009, gold investment forecasts remain positive entering 2010. Continued economic instability and a weak US dollar have made conditions perfect for a prosperous new year, buoyed by the strength of projects such as the Armstrong Lake gold project in Ontario. 

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Stewart Lawson

Senior Staff Writer - Gold-Investment.info