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- ⛏ Motherlode Hit
⛏ Motherlode Hit
Greetings Contrarian,
This is The Next Big Rush, your daily drop of mining / energy news. Where we come together and accidentally jinx copper by dedicating a whole newsletter to it, and seeing it drop 6%. Gulp. 😩
Here's a list to get you better luck:
🍀 Motherlode hit by Dundee
🍀 Junior Flies on PGM Re-rating
😲 DUNDEE - OH. EM. GEE.
Dundee Precious Metals Inc. (TSX: DPM) has made a discovery of a super high-grade deposit in Serbia, 3km away from its Timok project.
The headline grabber is:
40 metres at 63.46 g/t Au and 0.11 % Cu from 517 metres depth (including one metre grading 2,140 g/t Au from 548 to 549 metres)
We tried to poopoo 💩 the hole by using the nifty Drill Hole Interval Exterminator Calculator by Geo demi-gods Joe Mazumdar and Brent Cook, which you should click below and bookmark…
Aaaaand…. we couldn’t. Even if you take out the sexy 1m of 2,140g/t (that is a hair under 69oz in that one meter, for you 5th graders), the rest of the intercept is still a super stellar 9+ g/t.
Bonanza!
The only thing we wish for more might* be the depth, but beggars can’t be choosers.
Other highlights of the program include:
Hole RIDD001 – 71 metres at 3.46 g/t Au and 0.16% Cu from 454 metres depth
Hole RIDD004 – 65 metres at 13.40 g/t Au from 511 metres including 38 metres at 19.43 g/t Au from 537 metres depth
In 2023, around 40,000 meters of drilling for infill, expansion, and target identification is planned to further assess the deposit's shape, grade consistency, and mineral resource potential.
And not only because they’ve probably spent a pretty penny but because it’s actually REALLY useful, you should go check out their 3D visuals on verify:
🛫 Flying Nickel Flies on PGM Assays
So Flying Nickel Mining Corp. (TSXV: FLYN) (OTCQB: FLYNF) has been flying under the radar mostly unknown by investors as they advance their open-pit nickel sulfide project, Minago, in the coldest freaking place on Earth Manitoba.
After reaching a high of C$1.39 in March, the stock has been languishing around the 13-14c level when all of a sudden, it popped over 50% on an unusual announcement: not a positive feasibility study, not a new discovery of nickel but instead, the company decided it would go back and re-send the historical holes in order to assay for PGMs. And they found some.
Minago was discovered in the 60s and at the time, PGMs had no spark with investors. The story is very different now.
Apparently, someone on the bid absolutely loved that.
Meme Of The Day
It's all gonna be OK
The Editor
DISCLAIMER: None of this is financial advice. This newsletter is strictly educational/entertainment 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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