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Probe Gold Intersects Grades Up to 3.1 g/t Au Over 17.0 Metres in Infill Drilling at Novador Project, Quebec
Globenewswire· 2025-06-17 10:30
Highlights: Courvan Trend infill drilling results intersected near-surface gold zones with significant grades up to 6.2 g/t Au over 4.9 metres, including 26.8 g/t Au over 1.0 metres and thick gold zones, including an intersection of 3.1 g/t Au over 17.0 metres, including 14.1 g/t Au over 2.0 metres.The recently completed 50,000-metre winter infill drilling program was designed to support the upcoming 2025 Pre-Feasibility Study, which is expected by year-end. TORONTO, June 17, 2025 (GLOBE NEWSWIRE) -- Probe ...
New Found Gold Expands Queensway Gold Project 2025 Work Program
Prnewswire· 2025-06-16 21:11
VANCOUVER, BC, June 16, 2025 /PRNewswire/ - New Found Gold Corp. ("New Found Gold" or the "Company") (TSX-V: NFG) (NYSE-A: NFGC) is pleased to announce an expansion of the 2025 Work Program at the Company's 100% owned Queensway Gold Project ("Queensway" or the "Project") in Newfoundland and Labrador.Highlights: 70,000 metres ("m") diamond drill program underway; Approximately 11,750 m in 104 DDH1 has been drilled to date, with five drill rigs currently on site; 80% of planned drilling focused on resource de ...
B2Gold Stock Hits 52-Week High: What's Driving Its Performance?
ZACKS· 2025-06-16 17:55
Key Takeaways BTG reached a 52-week high of $3.83, driven by rising gold prices and strong Q1 financial results. Q1 EPS rose 50% year over year, and revenue grew to $532M on better-than-expected gold production. BTG expects 2025 output higher than 2024, aided by the Fekola expansion and the Goose Project launch.B2Gold Corp. (BTG) scaled a new 52-week high of $3.83 on Friday before ending the session lower at $3.77. The increase was fueled by rising gold prices.B2Gold currently has a market capitalization ...
Should You Buy Alpha Cognition Inc. (ACOG) After Golden Cross?
ZACKS· 2025-06-16 14:56
Alpha Cognition Inc. (ACOG) is looking like an interesting pick from a technical perspective, as the company reached a key level of support. Recently, ACOG's 50-day simple moving average crossed above its 200-day simple moving average, known as a "golden cross."There's a reason traders love a golden cross -- it's a technical chart pattern that can indicate a bullish breakout is on the horizon. This kind of crossover is formed when a stock's short-term moving average breaks above a longer-term moving average ...
Amarin (AMRN) Now Trades Above Golden Cross: Time to Buy?
ZACKS· 2025-06-16 14:56
Core Viewpoint - Amarin Corporation PLC (AMRN) is showing potential for a bullish breakout as it has reached a key support level and formed a "golden cross" in its moving averages [1][2]. Technical Indicators - A "golden cross" occurs when a short-term moving average (50-day) crosses above a long-term moving average (200-day), indicating a potential bullish trend [2]. - The formation of a golden cross typically follows a downtrend, a crossover of moving averages, and culminates in an upward price movement [3]. Performance Metrics - AMRN has experienced a rally of 25.2% over the past four weeks, suggesting strong momentum [4]. - The company currently holds a 2 (Buy) rating on the Zacks Rank, indicating positive market sentiment [4]. Earnings Outlook - There have been no cuts to earnings estimates for the current quarter, with three revisions higher in the past 60 days, contributing to a positive earnings outlook [4]. - The Zacks Consensus Estimate for AMRN has also increased, further solidifying the bullish case for the stock [4]. Investment Consideration - Given the technical indicators and positive earnings revisions, investors are encouraged to consider adding AMRN to their watchlist [6].
Should You Buy Credo Technology Group Holding Ltd. (CRDO) After Golden Cross?
ZACKS· 2025-06-16 14:56
Credo Technology Group Holding Ltd. (CRDO) is looking like an interesting pick from a technical perspective, as the company reached a key level of support. Recently, CRDO's 50-day simple moving average crossed above its 200-day simple moving average, known as a "golden cross."There's a reason traders love a golden cross -- it's a technical chart pattern that can indicate a bullish breakout is on the horizon. This kind of crossover is formed when a stock's short-term moving average breaks above a longer-term ...
Agnico Eagle Trades at a Premium Valuation: How to Play the Stock?
ZACKS· 2025-06-16 13:10
Key Takeaways AEM trades at a 20.57X forward P/E, well above the industry average and gold mining peers AEM posted 93.7% stock gains in a year, fueled by gold's rally, strong production and earnings beats. Agnico Eagle 2025 EPS estimates are going up, driven by high gold prices and solid output.Agnico Eagle Mines Limited (AEM) is currently trading at a forward price/earnings of 20.57X, a roughly 42.7% premium to the Zacks Mining – Gold industry average of 14.41X. AEM is also trading at a premium to its go ...
Southern Cross Gold Drills 3.9 m at 124.6 g/t Gold with Individual Assays up to 2,110 g/t Gold
Newsfile· 2025-06-16 10:30
Core Insights - Southern Cross Gold Consolidated Ltd has reported significant drilling results from its Sunday Creek gold-antimony project, highlighting the effectiveness of its systematic infill drilling strategy which has reproduced high-grade zones and discovered additional mineralization. Group 1: Exceptional High-Grade Intercepts - The drill hole SDDSC162 intersected 3.9 m at 124.9 g/t AuEq (124.6 g/t Au, 0.1% Sb), marking it as the tenth best interval to date at Sunday Creek [4][9][10] - Individual assays reached up to 2,110 g/t Au, representing the seventh best gold assay recorded [4][7] - The Apollo prospect's drill hole SDDSC164 yielded a fourth sample exceeding 100 g/t Au within 180 m of the surface [4][13] Group 2: Successful Infill Strategy Delivering Results - Two infill holes successfully reproduced high-grade zones, validating the geological model and discovering additional vein sets beyond original targets [4][5] - A new 60 m zone of prospective near-surface ground was discovered adjacent to the historic Gladys Mine, which had a 104 m strike length [4][6] Group 3: High-Grade Antimony Confirmed - High-grade antimony-gold combinations were confirmed, including 87.1 g/t Au with 21.6% Sb and 62.3 g/t Au with 20.1% Sb [4][6][30] - The strategic importance of antimony is underscored by ongoing Chinese export restrictions, enhancing the project's value [4][30][33] Group 4: Operational Momentum - The company is advancing a drill program exceeding 200 km, with twenty holes currently being processed and eight actively drilling [8][11][18] - The systematic drilling strategy aims to expand the mineralized footprint while improving geological understanding [19][22] Group 5: Strategic Value of Sunday Creek - The Sunday Creek project is located 60 km north of Melbourne and covers 16,900 hectares, with the company also holding 1,054.51 Ha of freehold land [20][32] - The dual-metal profile of gold and antimony enhances the project's strategic value, particularly in light of China's export restrictions on antimony [33][34]
Inflection Resources to Acquire Portfolio of Australian Copper-Gold Projects from Newmont Corporation
GlobeNewswire News Room· 2025-06-16 10:30
Core Viewpoint - Inflection Resources Ltd. has entered into a definitive agreement to acquire a 100% interest in a portfolio of Australian copper-gold exploration projects from Newmont Corporation, which includes the Tennant East and Bell River projects, indicating a strategic expansion in high-potential mineral exploration [1][3][8]. Group 1: Project Details - The Bell River project spans approximately 115 km² and is located in the Macquarie Arc, known for its rich porphyry copper-gold deposits, situated 65 km north of Newmont's Cadia mine [5][8]. - Significant geological features at Bell River include advanced argillic alteration zones and high gold values of up to 40.8 g/t, with copper content reaching 1% in surface rock samples [6][7]. - The Tennant East project covers around 4,200 km² and consists of twelve exploration licenses, targeting Iron Oxide Copper Gold (IOCG) mineralization with minimal prior exploration [13][15]. Group 2: Acquisition Terms - For the Bell River project, Inflection will issue 1,000,000 common shares to Newmont and make a one-time payment of AUD$2.5 million upon completion of a JORC or NI43-101 compliant Pre-Feasibility Study, plus AUD$5.0 million upon the start of commercial production [21]. - The Tennant East project acquisition involves issuing 250,000 common shares and reimbursing Newmont for tenement renewal fees, with Newmont retaining a 1.5% net smelter return (NSR) royalty [22]. Group 3: Exploration Strategy - Inflection's exploration strategy will focus on systematic reviews of previous exploration data, geological interpretation, and the integration of geological, geochemical, and geophysical data to identify potential mineralization [20]. - The company aims to explore the newly acquired projects in parallel with its existing exploration programs funded by AngloGold Ashanti, leveraging its systematic exploration approach [3][8].
Inflection Resources to Acquire Portfolio of Australian Copper-Gold Projects from Newmont Corporation
Globenewswire· 2025-06-16 10:30
Core Viewpoint - Inflection Resources Ltd. has entered into a definitive agreement to acquire a 100% interest in a portfolio of Australian copper-gold exploration projects from Newmont Corporation, which includes the Tennant East and Bell River projects, indicating a strategic expansion in high-potential mineral exploration [1][3][8]. Group 1: Project Details - The Bell River project, covering approximately 115 km², is located in New South Wales and is situated near significant mining operations, including Newmont's Cadia mine [5][8]. - The geological composition of the Bell River tenement includes calc-alkaline Mid-Ordovician Fairbridge Volcanics, which host advanced argillic alteration zones interpreted as relic porphyry-related lithocaps [6][10]. - The Tennant East project consists of twelve exploration licenses totaling around 4,200 km² in the Northern Territory, which are considered highly prospective for Iron Oxide Copper Gold (IOCG) targets [12][8]. Group 2: Exploration Potential - Inflection's systematic exploration strategy will leverage previous exploration data and geological interpretations to identify potential copper-gold mineralization at depth, particularly in areas with minimal prior drilling [10][19]. - The Bell River project is noted for its significant zones of advanced argillic alteration and outcropping lithocaps, which are indicative of preserved porphyry systems [9][10]. - The Tennant East project has shown promising early results from cursory exploration, including geochemical footprints consistent with IOCG mineralization [15][12]. Group 3: Agreement Terms - For the Bell River project, Inflection will issue 1,000,000 common shares to Newmont and make a one-time payment of AUD$2.5 million upon completion of a compliant Pre-Feasibility Study, along with a AUD$5 million payment upon the start of commercial production [20]. - The Tennant East project acquisition involves issuing 250,000 common shares and reimbursing Newmont for tenement renewal fees, with Newmont retaining a 1.5% net smelter return (NSR) royalty [21]. - The transactions are expected to close in several weeks, pending the transfer of exploration licenses and share issuance [22].