⛏ Abitibi Milestone

PLUS: Ballywire Boost

Author

Mari Lara
November 14, 2024

👷‍♀️ Greetings Contrarian!

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

📝 Here are the highlights

💪 Abitibi Milestone

👏 Ballywire Boost

🐦 Uranium’s Price Punch

📌 Daily Commodity Prices

Source: TradingEconomics and Numerco.

💪 Abitibi Milestone

Abitibi Metals Corp. (CSE: AMQ) (OTC: AMQFF) (FSE: FW0), a sponsoring partner of TNBR, announced a significant resource update for its B26 polymetallic deposit in Quebec, Canada. 

Highlights:

  • Indicated resources increased by 62% to 11.3 million tonnes at 2.13% CuEq, containing 307.9 million pounds of copper (Cu), 316.9 million pounds of zinc (Zn), 168.2 thousand ounces of gold (Au), and 11.6 million ounces of silver (Ag).

  • Inferred resources increased by 63% to 7.2 million tonnes at 2.21% CuEq, containing 246 million pounds of Cu, 27.3 million pounds of Zn, 200.8 thousand ounces of Au, and 1.7 million ounces of Ag.

This growth signals strong potential for further expansion, reinforcing the project’s value and solidifying its role as a cornerstone in the company’s exploration plans. Abitibi has $13.0 million in funding to continue exploration, with further drilling planned for 2025.

Way to go, team!

👏 Ballywire Boost

Group Eleven Resources Corp. (TSXV: ZNG) (OTCBB: GRLVF) (FRA: 3GE) reported results from the latest five step-out drill holes at the Company's 100%-owned Ballywire zinc-lead-silver discovery in the PG West Project, in the Republic of Ireland. 

Highlights:

  • 8.7 metres of 23.9% zinc + lead (including 18.8% zinc and 5.1% lead) and 85 grams per tonne silver.

  • 7.0 metres of 8.1% zinc + lead (6.2% zinc and 1.9% lead) and 93 grams per tonne silver, with a high-grade section of 1.2 metres at 26.4% zinc + lead and 396 grams per tonne silver.

  • 5.7 metres of 6.6% zinc + lead (5.3% zinc and 1.3% lead) and 21 grams per tonne silver.

According to the company, the new intercepts push the zinc-rich massive sulphide zone 50 to 100 metres further, now spanning at least 360 metres along strike with open extensions. Drilling suggests a strengthening trend to the northeast, with two rigs currently advancing exploration.

Is the best yet to come?

📰 In Other News

Usha Resources Announces Completion of Phase 1 Fieldwork at the Southern Arm Copper-Gold VMS Property

ceo.ca/@accesswire/usha-resources-announces-completion-of-phase-1-fieldwork

Barksdale Receives Assays Results That Reveal High-Grade Copper-Silver, Lead-Zinc-Silver Veins

ceo.ca/@newsfile/barksdale-receives-assays-results-that-reveal-high-grade

Myriad Uranium's Drilling at Copper Mountain Continues to Validate Historic Drill Results and Return High Grade Intercepts across the Canning Deposit

ceo.ca/@newsfile/myriad-uraniums-drilling-at-copper-mountain-continues

Canadian Gold Corp. Phase 3 Drilling at Tartan Mine Returns Multiple High-Grade Intercepts over Good Widths Extending Main Zone to the West Well Below Resource; Potential to Expand Resource Remains Excellent

ceo.ca/@newsfile/canadian-gold-corp-phase-3-drilling-at-tartan-mine

Xplore Resources Identifies Priority Targets for Upcoming Drill Program at Surge Lithium Project, Ontario

ceo.ca/@newsfile/xplore-resources-identifies-priority-targets-for-upcoming

Silver North Intersects 1.83 metres True Width of 1,088 g/t Silver, 3.90 g/t Gold, 1.89% Lead and 0.63% Zinc in New Discovery at Haldane Silver Project, Yukon

ceo.ca/@thenewswire/silver-north-intersects-183-metres-true-width-of-1088

🐦 Uranium’s Price Punch

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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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