Articles for tag: biggest, hits, intersection, nickel, power, Quebec

October 15, 2024

Ron Finklestien

mining

“Power Nickel Achieves Record-Breaking Intersection in Quebec”

Power Nickel’s Recent Drill Success Ignites Hope for Carbon-Neutral Mining In a promising update, Power Nickel has successfully drilled into the mineralized zone at a depth of 118 meters, building on previous exploration efforts. By using data from earlier drill holes, the company adjusted its drilling approach, moving to a shallower depth further west. This change resulted in a productive strike, raising hopes for the project’s future. “This is very encouraging for lots of reasons: size of the zone, grade, depth of the intersection, and the move westward,” stated Power Nickel’s CEO, Lynch. Power Nickel got involved with the NISK

October 12, 2024

Ron Finklestien

mining

Baselode Energy Discovers High-Grade Uranium Deposits at Ackio, Saskatchewan

Baselode Hits Major Uranium Intersections in Ackio Project “The results from holes AK24-118 and AK24-119 are highly encouraging,” stated James Sykes, Baselode’s CEO and president, in a recent announcement. “These findings not only bolster our confidence in Ackio but also highlight our continued success, as we achieve remarkable grades and widths more than three years after discovering this site.” On Thursday morning in Toronto, Baselode shares increased by C$0.01, reaching C$0.13. This rise places the company’s market valuation at C$17.3 million. Over the past year, the stock has fluctuated between C$0.10 and C$0.61. The latest drilling results are part of

May 20, 2024

Ron Finklestien

mining

Gold price hits $2,450 on rate cut optimism, geopolitical risks

US gold futures saw a similar rise of 0.5% at $2,429.60 per ounce, having hit $2,454.20 earlier in the day. The metal eased off its high on profit-taking but the outlook remains positive and “new records could be on the way,” explained Fawad Razaqzada, market analyst at City Index, in a Bloomberg note. Traders have been boosting bets in recent sessions that the Fed may reduce borrowing costs as early as September, a scenario that would bolster gold since it doesn’t pay interest. A weaker dollar has provided the precious metal with additional support. Recent economic data releases indicated that