Regulus Resources Results from the Highly Anticipated Hole 34
Lots of drilling and exploration results this morning as the junior resource sector heats up before two of the largest investment shows kick off in Colorado. We’ll share some of those with you here today on Mining Stock Daily.
Welcome to Mining Stock Daily.
Today is Thursday, September 5th.
Gold and silver on Wednesday continued their remarkable move higher, weathering yet another overnight sell-off and rebounding to new multi-year highs. Gold fell from $1558 to $1544 (December futures basis) before shooting back up to $1558 when the Comex gold pit opened Wednesday morning. Gold made another surge up to $1566 before settling at $1560 at the close of afternoon Globex trading session. Silver continues to push toward $20 while the gold/silver ratio plummets. The Mining Stock Journal said that the falling gold/silver ratio is a sign of the sustainability of this bull cycle.
Today’s briefing is brought to you by Minera Alamos.
Minera Alamos is an advanced stage exploration and development company with multiple low-cap-ex projects in Mexico. Minera Alamos is traded with the symbol MAI on the TSX-V and with MAIFF in the US OTC Markets. Read more about their development strategies at mineraalamos.com.
Here’s what you need to know today out of the junior resource sector.
Nighthawk Gold shared their latest drill results from both its flagship Colomac Gold Project and the Treasure Island Gold Project, located within the north central region of its 100% owned Indin Lake Gold Property, Northwest Territories, Canada. Results for nine holes drilled at Colomac's Zone 1.5 and two holes recently completed at Treasure Island are reported. Grades from Colomac included 1.93 g/t gold over 58.5 meters and 1.47 g/t gold over 62.25 meters. The recently completed holes at Colomac Zone 1.5 focused on exploring the zone's northern extension both at shallow levels and to depth, and infilled areas south of the project's best intercept to-date. Treasure Island included a drill assay returning 12.08 g/t gold over 6.25 meters. The company says Treasure Island is one of Nighthawk's premier regional assets and remains largely untested, as does the 4 kilometres that separates Treasure Island from Laurie Laketo the west, leaving more than 90% of this mineralized corridor to be explored. Nighthawk trades on the TSX with the symbol NHK and on the OTC markets in the US with the symbol MIMZF. News Release
Regulus Resources Inc. (“Regulus” or the “Company”, REG TSX.V) is pleased to announce the results from two additional drill holes from its 25,000 m Phase 2 drill program, the aim of which is to expand and infill resources at the Company’s AntaKori copper-gold project in northern Peru. The company says Hole 34 was successful in expanding the footprint of the AntaKori system to an area that had never been tested previously and it supports the Company’s theory that moving to the north of the property, the bulk of mineralized material contains low arsenic skarn and porphyry hosted mineralization, locally cut by narrow high-sulphidation structures. The hole returned 819.9 meters of .53% copper, .24 g/t gold and 7.83 g/t silver. Hole 33 was also reported this morning, returning 140 meters of .39% copper. The hole, however, was lost at 340 meters. Regulus trades on the TSX Venture with REG and on the US OTC markets with RGLSF. News Release
Galway metals reported its final assay results from the Jubilee Zone and first drill hole results from the recent Richard Zone discovery since the resumption of drilling there. Highlights from Jubilee included 9 g/t gold over 43.3 meters. Highlights from Richard Zone included 7 g/t gold over 14.4 meters. Galway says Wildcat drilling was undertaken west of the Jubilee Zone as well, but they did not return anything significant other than an intersection of 4.4 g/t Au over 1.0m. Galways trades on the Toronto Venture with the symbol GWM and on the OTC markets with GAYMF. News Release
Tinka Resources shared assay results from 2 recently drilled holes from the Ayawilca Property in Peru. Tinka says one hole intercepted two intervals of high grade zinc mineralization close to the margin of the current inferred resource and included one of the highest grade intervals ever drilled at South Ayawilca. These results included 34.7 meters of 6.7% zinc and 5.7 meters grading 32.6% zinc. Drilling is continuing with one rig operating at the South Ayawilca area, with the focus on expanding and upgrading the high-grade ‘Zinc Zone’ mineralization as defined in the Company’s recent Preliminary Economic Assessment. Tinka trades on the Toronto Venture with the symbol TK and on the OTC markets with TKRFF. News Release
Monarch Gold announced assay results from the 2019 diamond drilling program at its newly acquired Fayolle gold project 35 kilometres northeast of Rouyn-Noranda and near its Camflo mill. A total of 586 metres were drilled in 14 holes. The purpose of the program was to drill infill holes in the centre of the deposit and around the known limits of the mineralization. Results included 50.94 g/t gold over 2.7 meters. The company says specs of gold were visible throughout the sample interval. Another hole assayed 40.5 g/t gold over 4.86 meters. You can read the full list of results from today’s news release. Monarch Gold trades on the TSX with the symbol MQR and on the OTC markets with MRQRF. News Release
That concludes today’s briefing.
The next issue of the Mining Stock Journal will be released today. It will feature extensive updates on US Gold and Minaurum Gold. In addition, the newsletter will review some of its favorite junior silver exploration stock ideas as well as its preferred large cap producing silver stocks, including some suggestions for using stock options. You can learn more about the Mining Stock Journal at InvestmentResearchDynamics.com
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That is it from me today. Have a wonderful day and I’ll be back again tomorrow. Be well.
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