Greetings Contrarian,

This is The Next Big Rush, your daily drop of mining and energy investing news. Where we come together and enjoy good music.

Here are the highlights:

👏 256 m Of 1.01 g/t Au

🤞 100.6 m Of 3.39 g/t Au

🤒 Antofagasta Cuts 2023 Copper Output Forecast

👏 256 m Of 1.01 g/t Au

Freegold Ventures Limited (TSX: FVL) report continuing positive results from the Golden Summit Project. So far twenty-four holes have been completed north and immediately west of the Dolphin Zone where mineralization is still open and projecting towards surface. An additional three holes are in progress.

Highlights:

• 17.65 g/t Au over 1.6m

• 1.20 g/t Au over 128.9m including 31.8 g/t Au over 1.8m

• 15.15 g/t Au over 2m

The drill program, which began in March, is ongoing with three rigs currently operating.

🤞 100.6 m Of 3.39 g/t Au

Nevada King Gold Corp. (TSXV: NKG) (OTCQX: NKGFF) announced today assay results from four vertical, reverse circulation holes recently completed at its Atlanta Gold Mine Project. These are infill holes.

Highlights:

• 100.6m of 3.39 g/t Au

• 141.8m of 0.55 g/t Au

Something tells us this is not over…

🤒 Antofagasta Cuts 2023 Copper Output Forecast

Chilean miner Antofagasta has revised its copper production forecast for the full year due to ongoing water shortages caused by drought in Chile. The company now expects to produce between 640,000 and 670,000 metric tons of copper, down from the previous estimate of 670,000 to 710,000 metric tons.

Water is crucial for copper smelting and the processing of raw ore. Antofagasta reported a 10% increase in copper production in the first half of the year, driven by higher output at its Los Pelambres mine. However, the company's guidance cut for 2023 copper production is expected to impact consensus estimates.

Chile recently approved an increase in mining royalties, prompting Antofagasta to reconsider a major investment at its Centinela project. Yikes.

📰 In Other News:

🤣 Meme Of The Day

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.