Gold Rebounds Following Fed Announcement; Exploration News from Calibre, Nighthawk, Great Bear and More
Mining Stock Daily
Shownotes Transcript
The price of gold moved toward $1500 Wednesday until the Fed's FOMC policy statement was released around 2 p.m. Calibre Mining reported drilling results from B2 Gold’s exploration activity from El Limon in Nicaragua. Ascot Resources shared results this morning of an updated mineral resource estimate for its Red Mountain Gold Project in British Columbia. Nighthawk Gold provided results from 5 drill holes completed on Zones 1.5 and 2.0 of the Colomac Main Sill located within its Indin Lake Gold Property in the Northwest Territories of Canada. Rugby Mining closed a financing which raised $1,000,000 in Canadian dollars. Great Bear Resources shared new drill results which the company said made three new gold discoveries on the Dixie project in Red Lake, Ontario.
We'd like to thank our sponsors!
Integra Resources trades on the TSX-V under ITR and the OTCQX under IRRZF. Integra Resource is advancing its past producing DeLamar (DeL - a - Marr ) Gold-Silver project in SW Idaho through aggressive drilling and exploration. The latest Resources Estimate released earlier this summer showed approximately 4 million Gold equivalent ounces in the measured and indicated category.The maiden PEA for the project established a net present value of C$473-million and an IRR of 43%. The management of Integra successfully sold its previous brownfields project for C$590 million in summer 2017. Read more about the company and its successful management team at integraresources.com).
Pacific Empire Minerals Corp. is a junior exploration company focused on the discovery of gold-rich copper deposits in British Columbia, Canada. Pacific Empire trades on the TSX Venture Exchange under the symbol PEMC and on the OTCQB markets under the symbol PEMSF. The Company currently has a very tight share structure. Pacific Empires’ unique approach to the prospect generator business model incorporates the Company’s own reverse circulation drill to advance projects beyond that of typical prospect generators. More information on Pacific Empire can be found at pemcorp.ca).
Western Copper and Gold is focused on developing the world-class Casino project in Canada's Yukon Territory. The Casino project consists of an impressive 10 billion pounds of copper and 18 million ounces of gold in an overall resource. Western Copper and Gold trades on the TSX and the NYSE American with WRN. Be sure to follow the company via their website, www.westerncopperandgold.com).
The Association for Mineral Exploration British Columbia. AME advocates for and promotes a healthy business environment for its members working in mineral exploration through advocacy and leadership. AME is proud to support Mining Stock Daily as the organization leads up to January's much-anticipated Roundup Conference taking place in Vancouver, BC January 20th through the 23rd. More information about AME and the Roundup Conference can be found online at amebc.ca).
Mining Stock Daily is produced by:
www.investmentresearchdynamics.com (Mining Stock Journal)