As Gold Nears Record Highs, Analysts See Major Upside in Mining Stocks
Gold prices are surging towards record highs, with Goldman Sachs projecting potential reaches of $3,000 by end-2025. Amid this backdrop, Yukon Metals Corp. announced results from ground-based Gravity and Time Domain Electromagnetic surveys at its Star River Project, identifying four prominent conductive zones. The surveys, completed by Aurora Geosciences, covered 20.6 kilometers with 100m line spacing and revealed targets coincident with gold and silver sampling up to 101 grams per tonne gold. The 715-hectare project, located 50km south of Ross River, Yukon, is accessible by all-season road and features multiple showings of polymetallic carbonate replacement mineralization.
I prezzi dell'oro stanno salendo verso massimi storici, con Goldman Sachs che prevede potenziali picchi di $3.000 entro la fine del 2025. In questo contesto, Yukon Metals Corp. ha annunciato i risultati delle indagini gravimetriche e delle indagini elettromagnetiche a dominio temporale condotte a terra nel suo Progetto Star River, identificando quattro zone conduttive prominenti. Le indagini, completate da Aurora Geosciences, hanno coperto 20,6 chilometri con una distanza di 100 m tra le linee, rivelando obiettivi coincidenti con campionamenti di oro e argento fino a 101 grammi per tonnellata di oro. Il progetto di 715 ettari, situato a 50 km a sud di Ross River, Yukon, è accessibile tramite una strada percorribile tutto l'anno e presenta numerosi affioramenti di mineralizzazione polimetallica a sostituzione carbonatica.
Los precios del oro están aumentando hacia máximos históricos, con Goldman Sachs proyectando posibles alcances de $3,000 para finales de 2025. En este contexto, Yukon Metals Corp. anunció resultados de encuestas geofísicas de gravedad y electromagnéticas de dominio temporal en su Proyecto Star River, identificando cuatro zonas conductivas prominentes. Las encuestas, realizadas por Aurora Geosciences, cubrieron 20.6 kilómetros con un espaciado de 100 m entre líneas y revelaron objetivos coincidentes con muestreos de oro y plata de hasta 101 gramos por tonelada de oro. El proyecto de 715 hectáreas, ubicado a 50 km al sur de Ross River, Yukon, es accesible por una carretera de temporada y presenta múltiples afloramientos de mineralización polimetálica de reemplazo carbonático.
금 가격이 사상 최고점에 육박하고 있으며, 골드만삭스는 2025년 말까지 3,000달러에 도달할 가능성을 예측하고 있습니다. 이런 배경 속에서 유콘 메탈스가 스타 리버 프로젝트에서 실시한 지반 기반 중력 및 시간 영역 전자기 조사 결과를 발표하며 네 개의 두드러진 전도성 지역을 확인했습니다. 오로라 지질학이 수행한 이 조사는 20.6킬로미터를 커버하며 100미터 간격으로 수행되었고, 톤당 101그램의 금 샘플과 일치하는 목표를 노출시켰습니다. 715헥타르에 달하는 이 프로젝트는 유콘주 로스 리버에서 남쪽으로 50km 떨어진 곳에 위치하고 있으며, 사계절 내내 접근할 수 있는 도로가 있어, 다중 다금속 탄산염 대체 광물화가 나타나는 지역입니다.
Les prix de l'or flambent vers des sommets record, Goldman Sachs prévoyant des niveaux potentiels de 3 000 $ d'ici fin 2025. Dans ce contexte, Yukon Metals Corp. a annoncé les résultats des enquêtes gravimétriques et électromagnétiques basées à terre sur son projet Star River, identifiant quatre zones conductrices notables. Les enquêtes, réalisées par Aurora Geosciences, ont couvert 20,6 kilomètres avec un espacement de lignes de 100 m et ont révélé des cibles coïncidentes avec des échantillons d'or et d'argent allant jusqu'à 101 grammes par tonne d'or. Le projet de 715 hectares, situé à 50 km au sud de Ross River, Yukon, est accessible par une route praticable toute l'année et présente de multiples affleurements de minéralisation carbonatée polymétallique par remplacement.
Goldpreise steigen in Richtung Rekordhöhen, wobei Goldman Sachs potenzielle Werte von 3.000 $ bis Ende 2025 prognostiziert. Vor diesem Hintergrund kündigte Yukon Metals Corp. Ergebnisse von bodengestützten Gravitäts- und Zeitbereichselektromagnetik-Umfragen in ihrem Star River-Projekt an und identifizierte vier prominente leitfähige Zonen. Die von Aurora Geosciences durchgeführten Umfragen erstreckten sich über 20,6 Kilometer mit 100 m Linienabstand und offenbarten Ziele, die mit Gold- und Silberproben von bis zu 101 Gramm pro Tonne Gold übereinstimmen. Das 715 Hektar große Projekt, das 50 km südlich von Ross River, Yukon, liegt, ist über eine ganzjährige Straße zugänglich und weist zahlreiche Vorkommen von polymetallischer Karbonat-Ersatzmineralisation auf.
- Discovery of four prominent conductive zones with high-grade gold samples up to 101 g/t
- Completion of comprehensive electromagnetic survey covering 20.6 kilometers
- Project benefits from existing infrastructure with all-season road access
- Survey models assume simplified shapes that may miss geological details
- Results are preliminary and require further refinement with additional geological data
Insights
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The situation in Burkina Faso requires careful monitoring despite government assurances regarding mining permits. While FSM's Yaramoko Mine continues normal operations and complies with local laws, the political climate in West Africa remains volatile. The company's geographic diversification across Argentina, Mexico, Peru and Côte d'Ivoire provides important risk mitigation. The development of the Diamba Sud Project in Senegal represents a strategic move to further balance the portfolio. Investors should note that while African operations carry higher risk, they often offer superior grade deposits and potentially higher returns in stable price environments.
Issued on behalf of Yukon Metals Corp.
The article continued: According to CBS News, analysts see strong upside potential for gold mining stocks right now. This optimistic outlook is supported by Benzinga, where experts noted that gold mining stocks have climbed for nine straight sessions, hitting their highest levels since August 2020.
Electromagnetic Survey Identifies Multiple Strong Targets Coincident with Elevated Gold and Silver at Star River
Yukon Metals Corp. (CSE: YMC) (OTCQB: YMMCF), a well-financed mining exploration company, today announced an exploration update on its 715-hectare Star River Project, located approximately 50km south of
"We are excited to report multiple compelling targets with strong electromagnetic responses coincident with gold and silver sampling featuring up to 101 grams per tonne gold," said Rory Quinn, President and CEO of Yukon Metals. "These targets are not only strong anomalies, they are large anomalies, and will help focus our exploration efforts to maximize our chances of adding substantial value to the project through drilling."
The Aurora Geosciences team completed 20.6 kilometers of surveying with 100m line spacing, adding extra detail with 50m infill lines over the F3 showing area. They used three large 500m x 500m ground loops to cover key areas, including Saddle, F2, Canyon, and F3. The models created represent possible metal-rich zones based on EM responses, though they assume flat, simplified shapes that may miss some geological details. Ongoing work aims to refine these models by adding more geological data to better understand subsurface structures.
Yukon Metals owns
The update comes just three weeks after Yukon Metals provided another update on its 2,285-hectare Birch project, which included rock-chip float samples that returned up to
CONTINUED… Read this and more news for Yukon Metals Corp. at: https://usanewsgroup.com/2024/10/01/the-yukon-an-untapped-mining-powerhouse/
In other industry developments and happenings in the market this week include:
New Gold Inc. (NYSE-American: NGD) (TSX: NGD), a Canadian-focused intermediate mining company with two core producing assets (New Afton copper-gold mine, and
"New Afton delivered a strong operating quarter and completed critical C-Zone milestones ahead of schedule, while
Fortuna Mining Corp. (NYSE: FSM) (TSX: FVI), a Canadian precious metals mining company with five operating mines in
"The exploration focus at Diamba Sud has turned to testing and expanding some of the previously lightly drilled anomalies, with Western Splay rapidly emerging as the next potential prospect," said Paul Weedon, Senior Vice President of Exploration at Fortuna. "Encouraging results such as 6.9 g/t Au over an estimated true width of 33.3 meters from 115.4 meters in drill hole DSDD293, and 8.9 g/t Au over an estimated true width of 27.7 meters from 104 meters in drill hole DSR680 highlight the potential."
Fortuna also recently responded to recent media reports concerning
IAMGOLD Corporation (NYSE: IAG) (TSX: IMG), an intermediate gold producer and developer based in
"The assay results released today confirm the extension of the mineralized sequence in the eastern down-plunge of the Nelligan deposit," said Marie-France Bugnon, Vice President, Exploration for IAMGOLD. "We believe that the exploration potential for Nelligan is wide open. On Monster Lake, the Mineral Resource estimate allows for an updated version of the NI 43-101 technical report to be filed. The estimate incorporates few additional drilling results obtained from 2018 to 2021 drilling programs and yet highlights the high-grade nature of the main gold-bearing shear-hosted quartz vein system."
Centerra Gold Inc. (NYSE: CGAU) (TSX: CG), a Canadian-based mining company focused on operating, developing, exploring and acquiring gold and copper properties in
"Centerra continues to deliver consistent operating performance and is on track to meet our consolidated production and cost guidance for the year," said Paul Tomory, President and CEO of Centerra. "We have benefited from margin expansion driven by stable cost performance in an elevated metal price environment. As planned, we have returned to strong free cash flow generation in the third quarter. Even after spending approximately
Across its operations, Centerra reported consolidated gold production of 93,712 ounces, including 42,993 ounces from the Mount Milligan Mine in
Source: https://usanewsgroup.com/2024/10/01/the-yukon-an-untapped-mining-powerhouse/
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