B2Gold Exploration Expands Fekola
Welcome to Mining Stock Daily. This is your host, Trevor Hall
Today is Thursday, September 17th.
Once again gold staged a big overnight rally, trading as high as $1,984 on a December gold price basis before stepping on the down elevator for a $22 ride lower ahead of the FOMC's policy statement release Wednesday afternoon. The gold price weathered the FOMC circus about as well as can be expected, however, as the yellow dog gained $4 from Tuesday. Silver essentially mirrored gold's price path, though it settled flat vs Tuesday. The mining stocks were particularly volatile on an intra-day basis Wednesday, but finished up slightly vs Tuesday. The Mining Stock Journal commented that the charts of gold, silver and the mining stocks seem to have formed extra-ordinarily bullish technical set-ups. The precious metals stock newsletter added that it is expecting a monster move higher between now and Christman in the sector.
We’ll get to the news out of the miners and explorers here in just a quick moment, but first a quick mention of today’s sponsor.
This episode of Mining Stock Daily is brought to you by… Western Copper and Gold.
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 11 billion pounds of copper and 21 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.
And here’s what you need to know this morning.
B2 Gold shared exploration drill results from the Cardinal and FMZ zones near Fekola and the Mamba zone in the Anaconda area. At Fekola, results included 15.47 g/t gold over 20 meters and 13.34 g/t gold over 10.8 meters. Anaconda results included 3.12 g/t gold over 14 meters and 2.18 g/t gold over 42 meters. You can see a full list of results in this morning’s news release, which can also be found on the Junior Mining Network newsroom site. In 2020, B2Gold continued exploration drilling near Fekola and the Anaconda area with an $18 million program in Mali that focussed on exploration at the Cardinal and FMZ zones near the Fekola deposit which demonstrate potential for additional gold deposits within 3 kilometres of the Fekola mill, expanding the mineral resources within the Anaconda area, including the Mamba zone, and further testing the sulphide zones. The Fekola deposit remains open to the north. B2 trades on the NYSE American with BTG and on the TSX with BTO. News Release
Aurelius Minerals reported more results from assays on a round of the unsampled core from 2010 drilling on the Aureus Gold Project in Nova Scotia. Results included 2.08 g/t gold over 10.55 meters with a half meter interval grading 18.05 g/t gold in hole 116. Hole 117 returned 2.79 g/t gold over 9.3 meters with a subinterval of 16.54 g/t gold over .42 meters. The Company has now released 9 of 18 holes from the Aureus West Gold Project. Aurelius trades on the TSX Venture with AUL and on the OTC markets with AURQF. News Release
QMX Gold reported assay results from 17 drill holes ont he Bonnefond Deposit located int he Val d’Or East Zone in Val d’Or, Quebec. The company says these results expand the Bonnefond footprint both to the East and West of the intrusive. Results reported today included 1.7 g/t gold over 78.5 meters and 1.18 g/t gold over 136.2 meters. QMX is currently operating two drill rigs in the Bonnefond area and recently completed the 9,000m drilling program north of the Bonnefond intrusive. QMX trades on the TSX Venture with QMX. News Release
Chakana Copper also provided dril results. These coming from the first three of five drill holes completed at the Paloma East target within the expanded Soledad Project in Ancash, Peru. These results are part of the Phase 3 drill program, a fully funded 15,000 metre drill program that started August 15th. Results included 15.2 meters of 2.1% copper and 15.7 meters of .89% copper. Chakana trades on the TSX Venture with PERU and on the OTCQB with CHKKF. News Release
Mako Mining reported grade and tonnage results from mining of the first full bench containing the San Albino vein at its San Albino gold project in northern Nicaragua. The bench mined consisted of two separate three-meter half benches between 616 and 610 meters above sea level and contained 1,002 ounces Au and 1,511 ounces Ag within 2,654 tonnes of diluted vein material grading 11.74 g/t Au and 17.7 g/t Ag. Mako trades on the TSX Venture with MKO and on the OTCQX with MAKOF. News Release
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I’m Trevor Hall. Have a wonderful day. Be well.
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