Freegold, SSR, Newcore unveil standout intercepts

Freegold, SSR, Newcore unveil standout intercepts

Freegold Ventures introduced a 495.8m intercept grading 1.17g/t gold from 59.5m at its Golden Summit challenge in Alaska.

The intercept on the Dolphin zone additionally included 111.2m at 2.94g/t gold and 1.1m at 609g/t.

Freegold (TSX: FVL) stated it had drilled 23,000m since drilling resumed in February and extra holes have been in progress as the corporate checks the potential for a higher-grade hall close to the outdated Cleary Hill mine workings.

Shares within the Eric Sprott-backed firm closed flat at C58c, close to a one-year low, valuing it at $194 million (US$152 million).

SSR Mining reported 40.7m at 7.48g/t gold amongst outcomes from 194 diamond holes at Ardich between March 2020 and Might 2021.

The corporate is aiming for first manufacturing in 2023 at Ardich, which is 6km from its Copler gold mine in Turkey.

“Allowing and different works required to convey Ardich into manufacturing proceed in parallel with the exploration and useful resource definition drilling,” president and CEO Rod Antal stated.

Its shares (TSX: SSRM) stay on the decrease finish of a one-year vary and closed down 1.8% yesterday to $19.91, capitalising it at $4.3 billion (US$3.4 billion).

Lastly, Newcore Gold noticed a optimistic response to its intercept of 103m grading 1g/t gold from 113m at its Enchi challenge in Ghana.
The identical gap on the northern portion of the Boin deposit intersected different mineralised constructions together with 40m at 0.63g/t from 27m.
The corporate has elevated its drilling programme to 90,000m after elevating $11.5 million at 60c per share earlier this month.
“We’re excited to be in a powerful monetary place to proceed to unlock the district scale alternative at our Enchi gold challenge, with Newcore well-funded to proceed to drill the challenge into 2022,” VP exploration Greg Smith stated.
Newcore shares (TSXV: NCAU) had hit a 12-month low of 53c earlier this month. They gained 5.6% yesterday to shut at 57c, placing its market capitalisation about $68 million (US$53 million).

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