Snowline Gold (TSXV:SGD) reports a 7.3-million-ounce initial mineral resource estimate (MRE) for the Valley deposit on its 1,110-square-kilometre Rogue project in the Yukon.
The company is eager to expand the deposit’s initial MRE because it believes the deposit’s roughly 95 per cent gold recoveries and continuous mineralization, including a significant component of higher grades starting from surface, afford it a strong chance at long-term economical gold extraction.
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Commodity prices
As of the time of this writing, the price of gold sits at US$2,329.30 per ounce, which is up 0.48 per cent over a one-week period. Year-to-date, the price of gold is up 12.9 per cent, according to data from Kitco.com.
This week in gold
- Klondike Gold Corp. (TSXV:KG) reports prospecting rock sample results from the Stander Zone targeting orogenic gold mineralization at its 100-per-cent-owned Klondike District Property in the Yukon.
- First Mining Gold (TSX: FF) announces drilling results from the 2024 Phase 2B winter diamond drilling program at its Duparquet Gold Project in Quebec.
- Bullion Gold Resources (TSXV: BGD) completes the first phase of its 2024 exploration program on the Bodo project and discovers a massive sulfide horizon south of the Canico showing.
Top six trending gold stocks
- American Creek Resources (TSXV:AMK)
- Laurion Mineral Exploration (TSXV:LME)
- Newfound Gold (TSX:NFG)
- Fortune Minerals (TSX:FT)
- First Mining Gold (TSX:FF)
- Cascadia Minerals (TSXV:CAM)
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