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- ⛏ Desert Treasures
⛏ Desert Treasures
PLUS: Swift Discovery
👷♀️ 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 grocery store. 🛒
📝 Here are the highlights
😉 Desert Treasures
👏 Swift Discovery
🐦 Germany’s Nuclear Choice
📌 Daily Commodity Prices
Source: TradingEconomics and Numerco.
😉 Desert Treasures
Aton Resources (TSXV: AAN) reported initial results from its diamond drilling program at the Abu Marawat deposit in Egypt’s Eastern Desert.
Highlights:
3.90 metres of 8.98 grams per tonne gold, 185 grams per tonne silver, 0.43% copper, and 6.12% zinc.
3.90 metres of 9.57 grams per tonne gold, 92.9 grams per tonne silver, and 0.52% copper.
2.60 metres of 6.24 grams per tonne gold, 203 grams per tonne silver, 0.30% copper, and 4.81% zinc.
The company focuses on expanding the known resource footprint beyond the 2012 maiden estimate and upgrading the deposit to the indicated category—key steps toward advancing multiple mining projects across Aton’s Egyptian concessions.
Stay tuned.
👏 Swift Discovery
Ridgeline Minerals Corp. (TSXV: RDG) (OTCQB: RDGMF) (FRA: 0GC0) reports a high-grade gold discovery from its Swift Project in Nevada, operated by Nevada Gold Mines.
Highlights:
1.1 metres of 10.4 grams per tonne gold within a 2.7-metre zone at 7.0 grams per tonne gold.
1.4 metres of 2.2 grams per tonne gold, starting at 728.5 metres.
3.8 metres of 0.33 grams per tonne gold, starting at 736.1 metres.
CEO Chad Peters calls this a breakthrough, highlighting Swift's potential as Nevada’s next high-grade Carlin-Type discovery.
Further drilling will target deeper zones, and NGM’s investment aims to reach $20 million by 2026 for a 60% stake in Swift.
📰 In Other News
🐦 Germany’s Nuclear Choice
“Germany can restart at least 8 nuclear reactors, some within 9 months. Continuing the use of nuclear energy is supported by 67% of Germany and would stem losses in Germany’s industrial production.” New German govt incoming. @MyriadUranium
— Thomas Lamb (@tdlamb)
5:44 AM • Nov 7, 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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