Benzinga - by Austin DeNoce, Benzinga Staff Writer.
Top Stories for March 27, 2024:
Recent drilling has focused on Dyke 1’s southern extension, seen as a priority due to its underexplored status, and early drilling confirmed spodumene presence with samples sent for assay analysis.
With 10 drill holes and approximately 2,100 meters completed, the company aims to further understand the mineralization to support an updated resource estimate.
When asked for a quote, President and CEO of Foremost Jason Barnard said: "I feel this is very positive for the potential of our maiden resource to now grow in significant scale. We may have hit a new discovery to the south of our dyke 1, in a new unchartered area and feel really encouraged for our company and shareholders. We look forward to our pending assays results and further drill results as it continues to progress."
Barrick has already spent over $6 million and completed a five-hole, 1,300-meter drill program that identified a potential gold prospect.
Golden Minerals is pivoting from production to exploration and development and views the project’s return positively, noting El Quevar’s potential for advancing silver and gold prospects.
Also Read: Gold Mining Stocks Eye Best Month In A Year As ‘Golden Era’ For The Precious Metal Looms
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