Thunder Gold (TSXV:TGOL) uncovered a new gold zone at surface within its Tower Mountain property 50 kilometres west of Thunder Bay, Ontario.
The supporting drill core assay results are the best the property has yielded in half a century.
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By the ounce
At the time of writing on Tuesday, the price of gold sat at US$2,664.30 per ounce, up from US$2,660.30 in our December 18 update, according to data from The Globe and Mail.
The metal’s 2024 return was its best since 2010, with an increasing number of investors flocking to the metal to hedge against inflation and geopolitical uncertainty.
This week in gold
Barrick Gold (TSX:ABX) may have to suspend operations at its Loulo-Gounkoto mining complex in Mali should government restrictions continue.
Vizsla Silver (TSX:VZLA) piqued the market’s interest with an updated mineral resource estimate for its Panuco silver, gold, zinc and lead project in Sinaloa, Mexico.
G2 Goldfields (TSX:GTWO) significantly expanded mineralization on its 58,000-acre Oko Aremu gold project in Guyana.
Top six trending gold stocks
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(Top photo of 941 grams per ton of gold over 1.50 metres with visible gold at Thunder Gold’s Tower Mountain project: Thunder Gold)