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- ⛏ Cabaçal Discovery
👷♀️ 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
😍 Cabaçal Discovery
🤠 F3 Uranium Bonanza
🐦 Dasa Project Update
📌 Daily Commodity Prices
Source: TradingEconomics and Numerco.
😍 Cabaçal Discovery
Meridian Mining UK S (TSX: MNO) (Frankfurt / Tradegate: 2MM) (OTCQX: MRRDF) reported strong copper-gold-silver (Cu-Au-Ag) assay results from its Cabaçal project in Brazil.
Highlights:
38.2 metres of 3.2 grams per tonne gold equivalent from 78.9 metres.
10.9 metres of 2.6 grams per tonne gold equivalent from 78.9 metres and 3.4 metres of 11.0 grams per tonne gold equivalent from 92.6 metres.
12.4 metres of 3.3 grams per tonne gold equivalent from 99.9 metres.
Twenty-one intercepts at Cabaçal exceeded 10-gram meters gold equivalent, indicating strong deposit potential.
CEO Gilbert Clark highlighted continued success in defining high-grade trends within the VMS open-pit structure, reinforcing Cabaçal’s prospects as a promising near-term producer in Brazil.
🤠 F3 Uranium Bonanza
F3 Uranium Corp (TSXV: FUU) (OTCQB: FUUFF) has released assays from its 2024 drill program on the PLN Property, with notable results from the JR Zone in the Athabasca Basin, Saskatchewan, Canada.
Highlights:
10.5 metres of 2.66% Uranium, including:
2.0 metres of 12.0% Uranium, with an ultra-high-grade core of 0.5 metres of 20.7% Uranium.
13.0 metres of 0.45% Uranium, including 2.5 metres of 1.77% Uranium.
Exploration drilling south of the Harrison Fault has uncovered a potential extension of the A1 shear zone, establishing new high-priority targets for continued drilling.
How big is this deposit?
📰 In Other News
🐦 Dasa Project Update
The U.S. development bank engaged with Global Atomic in regard to a debt facility to fund 60% of Dasa’s development has confirmed that it intends to conclude its approval process, including Committee and Board level approvals, by early Q1 2025.
globalatomiccorp.com/investors/news…— Global Atomic Corporation (@AtomicCorp)
11:04 AM • Oct 29, 2024
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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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