Greetings Contrarian,

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

Here are the highlights:

😋 422 m Of Gold

🤫 Graphite One Buys Back Royalty

😉 High-Grade in Timmins

😋 422 m Of Gold

Sitka Gold Corp. ("Sitka" or the "Company") (CSE: SIG) (FSE: 1RF) (OTCQB: SITKF) just announced assay results from hole 43 of its 2023 winter drill program in the RC Gold Project, in Yukon's Tombstone Gold Belt.

Highlights:

422.7 metres (m) of 0.74 g/t Au from 4.0 m to 426.7 m (end of hole)

• including:

  • 28.0 m of 0.91 g/t Au from 4.0 m

  • 40.0 m of 1.02 g/t Au from 81.0 m,

  • 111.7 m of 1.24 g/t Au from 315.0 m,

  • 14.0 m of 3.28 g/t Au from 345.0 m

A resource expansion drilling program is currently underway at RC Gold, where an Initial Mineral Resource Estimate of 1,340,000 ounces of gold beginning at surface and grading 0.68 g/t was announced earlier this year.

The current market cap of the company is just under C$13m.

🤫 Graphite One Buys Back Royalty

Graphite One Inc., a company focused on developing a domestic U.S. supply chain for advanced graphite materials, has reached an agreement to buy back a 1% Net Smelter Production Royalty (NSR) from Ronald C. Sheardown. 

The NSR was attached to mining claims owned by Graphite One. In exchange for the repurchase, Graphite One will issue 456,500 common shares of the company to Sheardown at a price of CA$1.48 per share.

The remaining NSRs on the Graphite Creek Property are a 5.0% and a 2.5% NSR, which can be partially purchased for a total of US$4 million.

Graphite One plans to establish a complete U.S.-based supply chain for advanced graphite materials, including a manufacturing plant for battery anodes and a recycling facility, integrated with the Graphite Creek development in Washington State.

Winners move when the market is down, and the graphite market is definitely down, but probably not for long.

😉 High-Grade in Timmins

Mayfair Gold Corp. (TSX-V: MFG) (OTCQB: MFGCF) just published further results from the higher-grade Footwall Zone located approximately 100m to the northwest of the Fenn-Gib gold deposit, in the Timmins region of Northeast Ontario.

Highlights:

30.0 m of 4.72 g/t Au

1.5 m of 15.65 g/t

0.5 m of 3,782.70 g/t Au (not a typo)

Mayfair’s 100% controlled Fenn-Gib Project, located in the Timmins region of Northeast Ontario, hosts a NI 43-101 open-pit constrained indicated mineral resource estimate of 3.38 m oz Au at a grade of 0.93 grams per tonne (g/t) Au and an Inferred mineral resource of 0.16Moz Au at 0.85 g/t Au.

🧐 Visual 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.