Greetings Contrarian,

This is The Next Big Rush, your daily drop of mining/energy investing news. Where we come together and eat cookies with a glass of gossip.

Here are the highlights:

🫡 Sanu’s First Discovery

🤟🏼 GoGold PEA

🔥 Hot Uranium Gossip

 🫡 Sanu’s First Discovery

Sanu Gold Corporation (CSE: SANU) (OTCQB: SNGCF) has just announced their first discovery at the Bantabaye project in Guinea, West Africa. It’s located approximately 50km south of the multi-million once Lefa Gold Mine and 80km north of the multi-million ounce Bankan Gold Project.

In April 2023, the Company commenced its inaugural reverse circulation drill program at Bantabaye, targeting extensive and continuous zones of gold in bedrock anomalies.

Highlights:

• 11.4 g/t Au over 15 m, including 41.2 g/t Au over 4 m in BANT-RC-002¹, and

• 2.0 g/t Au over 12 m, including 6.8 g/t Au over 1 m and 5.0 g/t Au over 1 m in BANT-RC-003

Congrats to the team, may it be the first of many successful hits.

🤟🏼 GoGold PEA

GoGold Resources Inc. (TSX: GGD) (OTCQX: GLGDF), has published highlights of its PEA for its Los Ricos North Project in Jalisco State, Mexico.

This is the company's second PEA within the Los Ricos District, following the Los Ricos South PEA conducted in January 2021.

An updated Mineral Resource Estimate and PEA for Los Ricos South is anticipated to be released later this summer.

The key points from the PEA, which assumes a base case silver price of $23 per ounce and gold price of $1,800 per ounce (all amounts are in US dollars unless noted otherwise), include:

• An After-Tax NPV5 of $413 million, and an After-Tax IRR of 29%

• A projected mine lifespan of 13 years, yielding a total of 110.3 million payable silver equivalent ounces, comprised of 68.0 million silver ounces, 221,700 gold ounces, 22.8 million pounds of copper, 144.1 million pounds of lead, and 242.2 million pounds of zinc

• Estimated initial CAPEX of $221 million, which includes $29 million in contingency costs, spread over an expected 18-month construction period, plus an additional $137 million for expansion capital, and $6 million as sustaining capital over the mine's lifespan.

🔥 Hot Uranium Gossip

Overheard at PI Financial’s Uranium Webinar…

TradeTech's President, Treva Klingbiel, let slip that rumour has it another FOUR financial players are sitting on the sidelines and prepping to launch their own investing vehicles to get into the uranium spot market.

BIG if true.

You can’t say we didn’t warn you.

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.