The gold miner consolidation, which began in early August of 2016, is giving us strong signals of being close to ending soon. Miner ETF traders have been treated to multiple whipsaw moves since the beginning of June, making it nearly impossible to successfully trade the sector. Some of this frustration can be attributed to US equity fund managers who have been book squaring into quarter end this week before heading to the Hamptons for the Independence Day weekend (US markets will be closed next Tuesday, July 4th). read more David Erfle
GFG Resources Inc. (GFG:TSX.V; GFGSF:OTCQB) announced at the end of June an aggressive 2017 exploration program at the company’s 100% owned Rattlesnake Hills gold project in central Wyoming. The program is scheduled to run from July through November. According to the company, “the fully funded, U.S.$4.0 million exploration program will consist of approximately 50 holes or 15,000 metres of drilling focused on four brownfield targets and six greenfield targets, additional soil and rock sampling and metallurgical testwork.” Read more at The Gold Report
Over the past couple of days copper has broken strongly higher, and while copper itself may be of little interest to most of us, the implications of this development are profound for the base and Precious Metals sectors. Copper is an important lead indicator, which is why it earned the moniker “Dr Copper,” and since it now looks like it is starting a major bull market, this is a sign that a major bull market is about to begin across the entire metals sector, which as you know is what we are looking for in gold and silver. Silver in particular is gruesomely undervalued and has huge upside potential from here. read more at The Gold Report
When you embark on a tour of the upcoming mines of the Yukon the first thing which hits you is the sheer size of the place. Miles and miles of untouched, trackless, wilderness separates many of the properties from any sort of population centre. To cover eight properties and a full-scale mining conference in six days means a lot of fixed wing flying, helicopter jumps and bumpy drives down gravel (if you’re lucky) roads.
TORONTO, ON–(Marketwired – July 24, 2017) – Victoria Gold Corp. (TSX VENTURE: VIT) (“Victoria” or the “Company”) is pleased to announce the receipt of additional analytical results from the on-going 2017 Dublin Gulch (the “Property”) exploration campaign. The results continue to demonstrate gold mineralization proximal to the Eagle Gold Deposit. Highlighted results from these 17 drillholes collared in the Eagle West Zone, immediately adjacent to the Eagle pit, include 31.5 metres of 0.99 g/t Au from 56.4 metres in hole DG17-809C, 35.3 metres of 1.03 g/t Au from 34.2 metres in hole DG17-821C, and 31.5 metres of 0.77 g/t Au from 7.6 metres in hole DG17-833C. At Eagle West, the target of this year’s exploration focus is an on-surface, gold mineralized granodiorite intrusive, akin to the Eagle Gold Deposit that had seen only limited testing in the past.
The arc of the Tintina fault, running from northern British Columbia through the Yukon and into Alaska contains both the gold rich creeks of the Klondike and the silver hills surrounding Keno City. Within this prolific gold and silver belt you can see the history of the Yukon gold rush and the legacy of the vast underground silver mining operations at Keno Hill. You can also visit camps at every stage of development from raw exploration to fully constructed mines with milling facilities.
VANCOUVER, July 27, 2017 /CNW/ – NexGen Energy Ltd. (“NexGen” or the “Company“) (TSX:NXE, NYSE: NXE) is pleased to report a new uranium discovery during our on-going summer drilling program on our 100% owned, Rook I property, Athabasca Basin, Saskatchewan.