Morning Briefing: GFG Resources Hits High-Grade at the Aljo Mine Target
Mar 17, 2025
auto_awesome
Exciting drill results have emerged from GFG Resources and Founders Metals, signaling a positive trend in the mining sector. Meanwhile, Kenorland kicks off its drill program at the Hunter Project, adding to the enthusiasm. Major financings are on the horizon with Orezone's $8.8 million placement and Snowline’s significant deal. This all unfolds amidst fluctuating gold, silver, and copper prices, influenced by the current economic climate. The mining world is buzzing with opportunities!
The remarkable drill results from GFG Resources and Founders Metals underscore the promising potential for significant gold resources in Ontario and Suriname.
The recent surge in gold and silver prices reflects market reactions to global economic uncertainties and potential recession forecasts.
Deep dives
Gold and Silver Price Movements
Recently, the price of gold reached a significant milestone, hitting $3,000 an ounce amid growing concerns over global trade dynamics. U.S. Treasury Secretary Scott Bant remarked that there are no assurances against a potential recession, which may further influence gold prices. Silver also showed positive trends, aiming for a price near $35, but faced resistance, ultimately settling just above $34 an ounce. The upward movement in both precious metals indicates strong market interest, particularly in light of ongoing economic uncertainties.
Exciting Developments in Mining Projects
GFG Resources reported promising assay results from their Gold Arm property in Ontario, highlighting significant gold mineralization from several drill holes. Notably, assay results included impressive gold grades such as 32.7 grams per ton over half a meter, indicating the potential for substantial gold resources in the area. Meanwhile, Founders Metals announced continued success at the Antino Gold Project in Suriname, where a new discovery yielded 72 meters of 2.29 grams per ton gold, extending known mineralization in this gold trend. These developments demonstrate the ongoing exploration activities that may enhance gold production capabilities in these regions.
There are positive drill results out this morning from both GFG Resources and Founders Metals. Kenorland has commenced a drill program at the Hunter Project. Both Orezone and Snowline have financings in place.
This episode of Mining Stock Daily is brought to you by...
Calibre Mining is a Canadian-listed, Americas focused, growing mid-tier gold producer with a strong pipeline of development and exploration opportunities across Newfoundland & Labrador in Canada, Nevada and Washington in the USA, and Nicaragua. With a strong balance sheet, a proven management team, strong operating cash flow, accretive development projects and district-scale exploration opportunities Calibre will unlock significant value.https://www.calibremining.com/
Integra is a growing precious metals producer in the Great Basin of the Western United States. Integra is focused on demonstrating profitability and operational excellence at its principal operating asset, the Florida Canyon Mine, located in Nevada. In addition, Integra is committed to advancing its flagship development-stage heap leach projects: the past producing DeLamar Project located in southwestern Idaho, and the Nevada North Project located in western Nevada. Learn more about the business and their high industry standards over at integraresources.com
Get the Snipd podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered podcast player
Listen to all your favourite podcasts with AI-powered features
Discover highlights
Listen to the best highlights from the podcasts you love and dive into the full episode
Save any moment
Hear something you like? Tap your headphones to save it with AI-generated key takeaways
Share & Export
Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more
AI-powered podcast player
Listen to all your favourite podcasts with AI-powered features
Discover highlights
Listen to the best highlights from the podcasts you love and dive into the full episode