Top Stories for Jan. 16, 2024:
1. UBS Group initiated coverage on Alcoa Corporation (NYSE: AA) with a Sell rating and price target of $29.
2. Dakota Gold Corp. (NYSE: DC) reported additional drill results from its Richmond Hill Gold Project in South Dakota.
The recent drilling results from the Turnaround Breccia Pipe show significant gold mineralization at various depths, with intersected values such as 0.033 oz/ton over 97.1 feet, suggesting extensive gold presence deeper in the pipe.
Additionally, new drilling beneath previous holes near the Richmond Hill open pit mine confirms the continuation of gold mineralization, indicating potential for expanding the known resource areas, though these results are not included in the current resource estimation for the company’s upcoming resource report.
Vice President Exploration of Dakota Gold James Berry said, “The Richmond Hill mineral system just keeps getting bigger. These exploration drill holes have expanded the Richmond Hill gold mineralization and further demonstrate the importance of the Tertiary-aged breccia bodies as a primary host rock for gold mineralization. Additional exploration to identify and expand mineralization in three known breccia pipes on the property will be incorporated in our future exploration drill program.”
“In addition, we are reviewing the ongoing resource estimation work, that does not include these new results, to identify areas which present opportunity for additional inferred mineralization that could be added to future resource estimates,” he added.
3. U.S. GoldMining Inc. (NASDAQ: USGO) announced assay results from its 2023 drilling program at the Whistler Gold-Copper Project.
According to its findings, the drilling results from the Whistler Deposit show promising gold equivalent grades, with notable intersections indicating a continuous high-grade mineralization core extending to the surface.
Highlights:
547 meters at 1.06 grams per tonne (g/t) gold equivalent (AuEq), including 176 meters at 1.55 g/t AuEq.
241 meters at 0.60 g/t AuEq, including 118 meters at 0.74 g/t AuEq.
142 meters at 0.51 g/t AuEq, including 22 meters at 1.10 g/t AuEq
The deposit remains open for further exploration along strike and at depth, with 12 untested targets in the area, and the company plans to start a significant…
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