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👷♀️ Greetings Contrarian!
This is The Next Big Rush, your daily drop of mining and energy investing news. Where we come together and go to the barber. 💈🪒
📝 Here are the highlights
🤩 High-grade Uranium
😍 High-grade Gold
👏 Daina Delivers
📌 Daily Commodity Prices
Source: TradingEconomics and Numerco.
🤩 High-grade Uranium
Forum Energy Metals (TSXV: FMC; OTCQB: FDCFF), a sponsoring partner of TNBR, reports uranium drill results at Qavvik, part of the Aberdeen Project in the Thelon Basin, Nunavut, Canada.
Highlights:
296 metres of uranium mineralisation from 36 to 332 metres, including 0.5 metres of 8.17% U₃O₈ at 172.0 metres, 0.1 metres of 7.92% U₃O₈ at 292.3 metres, 0.2 metres of 6.30% U₃O₈ at 318.8 metres.
190 metres of uranium mineralisation from 192 to 384 metres, including 0.6 metres of 1.69% U₃O₈ at 195.9 metres, 0.2 metres of 3.08% U₃O₈ at 197.4 metres.
These findings suggest open-pit mining potential and underscore the potential for Qavvik to anchor a tier-one uranium district in the region.
The stock has jumped 30% and the volume has tripled as we type.
Well done, team!
😍 High-grade Gold
Omai Gold Mines Corp. (TSXV: OMG; OTCQB: OMGGF) announced assay results from its 2024 drilling program at the Wenot deposit, Omai gold project, Guyana.
Highlights:
57.0 metres of 4.48 g/t Au, including 10.0 metres of 21.13 g/t Au.
63.2 metres of 1.10 g/t Au, including 21.0 metres of 1.63 g/t Au.
48.0 metres of 0.79 g/t Au, including 5.4 metres of 5.76 g/t Au.
The drilling targeted Wenot’s 2.5 km strike, focusing on the southern sedimentary sequence. Results support resource expansion to 400-450m depth, suggesting open-pit potential.
The company plans further drilling in 2025 and an updated PEA for Q3 2025
👏 Daina Delivers
Sanu Gold (CSE: SANU; OTCQB: SNGCF) reports high-grade discoveries at the Daina and Diguifara permits in Guinea, West Africa.
Highlights:
51 metres of 3.11 g/t gold from 6 metres, including 5 metres of 20.0 g/t gold and 1 metre of 57.3 g/t gold.
15 metres of 5.48 g/t gold and 21 metres of 4.75 g/t gold.
34 metres of 0.55 g/t gold, 40 metres of 0.40 g/t gold, and 34 metres of 0.50 g/t gold.
Sanu Gold plans follow-up drilling at both targets in Q1, 2025. The company remains well-funded with $13 million in cash after strategic investments from AngloGold Ashanti and others.
📰 In Other News
🐦 Investors, Take Note
Unleashing American Energy
“It is the policy of the United States to encourage energy exploration and production on Federal lands and waters, including on the Outer Continental Shelf, in order to meet the needs of our citizens and solidify the United States as a global energy… x.com/i/web/status/1…
— Anna Matson (@AnnaRMatson)
3:34 AM • Jan 21, 2025
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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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