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β Scorpio Discovery
PLUS: Pistachio Results
π·ββοΈ Greetings Contrarian!
This is The Next Big Rush, your daily drop of mining and energy investing news. Where we come together and chop wood. πͺ
π Here are the highlights
π§ Scorpio Discovery
π Pistachio Results
π¦ Uranium Production Crisis
π Daily Commodity Prices
Source: TradingEconomics and Numerco.
π§ Scorpio Discovery
Scorpio Gold Corporation (TSXV: SGN) (OTCQB: SRCRF) (FSE: RY9) announced positive results from its 2024 drilling campaign at the Manhattan District, Nevada, USA.
Highlights:
9.4 metres of 6.08 grams per tonne gold; including 3.4 metres of 15.62 grams per tonne gold, and 1.0 metre of 63.70 grams per tonne gold.
1.5 metres of 5.50 grams per tonne gold, and 2.2 metres of 5.33 grams per tonne gold.
The company says the results confirm high-grade mineralisation along the Reliance Fault, with the potential to link the Goldwedge Underground and Echo Bay Pits over a 1.8 km strike length.
Pending assays from Phase 1 and 2 drilling are expected to support this continuity further, as they progress toward its maiden mineral resource estimate for the Manhattan District.
Stay tuned for more.
π Pistachio Results
New Found Gold Corp. (TSX-V: NFG, NYSE-A: NFGC) has reported results from its drilling program at Pistachio Zone, in the Kingsway Project in Newfoundland and Labrador, Canada.
Highlights:
2.10 metres of 105 grams per tonne gold, including 0.75 metres of 290.73 grams per tonne gold.
4.45 metres of 10.36 grams per tonne gold, including 0.85 metres of 35.17 grams per tonne gold.
2.00 metres of 36.74 grams per tonne gold, including 1.00 metres of 73.31 grams per tonne gold.
The ongoing exploration program is focused on identifying additional high-grade targets throughout the Kingsway Project, which offers a promising 13.5 kilometres of underexplored strike along the Appleton Fault Zone.
π° In Other News
π¦ Uranium Production Crisis
π₯French Orano's SOMAΓR #Uranium mine in #Niger used to be one of the world's largest, producing 4% of global supply at over 5.25M lbs/yr #U3O8, but as #Nuclear demand soarsβοΈβ« the mine is being shut down now due to growing financial difficulties.βοΈβ¬ποΈπ orano.group/en/news/news-gβ¦
β John Quakes (@quakes99)
2:20 AM β’ Oct 24, 2024
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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.
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