mining weekly roundup
Goliath, Selkirk Copper, Westhaven Gold Report Fresh Assays
Visible gold to the naked eye is rare enough in a drill core that companies usually lead with it. This week one company had it running through more than 35 metres of continuous mineralization, not a single flash in an otherwise ordinary hole. Two copper-and-gold projects further north and further west had their own strong…
Three Juniors Report Results: Namibia, New Brunswick, Nevada
A single drill hole running 831 metres is longer than most projects’ entire resource pit. This week one company reported exactly that, and the grades got better as the hole went deeper, not worse. Two smaller stories landed the same week, one a brand new discovery on the other side of the world, the other…
Founders Metals Drills One of Its Strongest Holes Yet at Antino
Wheaton Precious Metals, IAMGOLD, Torex, and Artemis Gold all reported record quarterly production, cash flow, or earnings this week, the kind of results that come from years of infrastructure and ounces already in the ground. A tiny explorer in Suriname does not have any of that yet. What it does have, as of this week,…
America’s Antimony Push Gets a Pilot Plant. One Junior Is Already Finding More
The U.S. Army and Idaho National Laboratory opened a modular pilot plant in Idaho Falls built to process antimony, a mineral used in ammunition, batteries, and flame retardants that the United States currently gets almost entirely from China and Russia. A day earlier, a small New Brunswick company reported another round of high-grade antimony assays…
Three Juniors Extend Deposits: Chile, Ontario, and Peru
A drill hole is supposed to end. Sooner or later the bit passes out of the mineralized rock and into something barren, and that is usually where the story stops. This week, three companies kept hitting rock worth reporting almost as long as they kept drilling; in Chile, in Ontario, and in Peru, the numbers…
Goliath Expands Bonanza Zone, Revival Gold Hits Mercur Gold
Visible sulfides in a fresh drill core tell an experienced geologist most of what a lab will eventually confirm, weeks before the assays arrive. In British Columbia’s Golden Triangle, that visual read alone was enough to extend a known gold zone by 750 metres this week, with the market reacting before a single sample reached…
Pan African Resources Completes Emmerson Buyout, Fitzroy Hits Copper
Pan African Resources spent four months and £163 million buying out a company it already controlled 75% of, just to make the paperwork simpler. Fitzroy Minerals spent the same week drilling a hole in Chile that came back at 59 meters of 1.73% copper and decided to drill 22,000 more meters to find out what…
Eldorado Gold Hit First Concentrate While Washington Decides Whether Copper Gets a 30% Tariff
Eldorado Gold produced first copper concentrate at McIlvenna Bay on June 8. The Commerce Secretary has until June 30 to decide whether copper imports get hit with a tariff that could reach 30%. One of those events happened underground in Saskatchewan. The other is happening on a desk in Washington, and it will move more…
