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- β 17.5 m Of 45.4 g/t Gold
β 17.5 m Of 45.4 g/t Gold
PLUS: 670m of Copper/Gold
Greetings Contrarian,
Source: Trading Economics, Numerco.
This is The Next Big Rush, your daily drop of mining and energy investing news. Where we come together and prepare ourselves for big changes.
Here are the highlights:
π 17.5 m Of 45.4 g/t Gold 50.2 g/t Silver
π€ at 0.30% Cu, 0.13 g/t Au
πͺ Newmont Increases Stake in Solitario to 9.95%
π 17.5 m Of 45.4 g/t Gold 50.2 g/t Silver
i-80 GOLD CORP. (TSX: IAU) (NYSE: IAUX) has just announced the discovery of a new sulphide horizon, the Tyche Zone at the Company's 100%-owned Ruby Hill Property.
Highlights:
17.5 m Of 45.4 g/t Gold
50.2 g/t Silver
The new zone was intersected in the directional drilling program being completed at Ruby Hill to test the Blackjack deposit that is located under the Archimedes open pit.
Juicy.
π€ at 0.30% Cu, 0.13 g/t Au
Minsud Resources Corp. (TSXV: MSR) announced assays from nine additional drillholes, which were completed as part of the ongoing Phase IV scout drilling program at the Chita Valley Project, San Juan Province, Argentina.
Highlights:
670.0m @ 0.30% Cu, 0.13 g/t Au and 4.17 g/t Ag, from 360 (open at depth)
296.0m @ 0.36% Cu, 0.10 g/t Au, 6.85 g/t Ag, 0.16% Zn, from 54.0m
Every time we read βSan Juan, Argentinaβ, we automatically expect several hundred meters of goodness. Do you?
πͺ Newmont Increases Stake in Solitario to 9.95%
Solitario Resources Corp. (NYSE American:XPL) (TSXV:SLR) has entered into an agreement with Newmont Overseas Exploration Ltd. for the sale of 4,166,667 shares at $0.60 per share, resulting in total proceeds of $2.5 million.
This deal makes Newmont the largest shareholder of Solitario, controlling roughly 9.95% of its current outstanding shares. No underwriter or placement agent was engaged, and the proceeds will be used to advance Solitario's exploration activities and for other corporate purposes.
Newmont's investment boosts Solitario's cash and marketable securities balance to approximately $6.1 million.
One to watch.
π° In Other News:
π¦ Tweet Of The Day
For the first time, a U.S. federal agency is following the EU, Canada, Japan, India, China and others by characterizing #copper as critical through its inclusion on the official DOE Critical Materials List.
β Robert Friedland (@robert_ivanhoe)
2:38 AM β’ Aug 2, 2023
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Happy Speculating!
The Editor
DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research.
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