Morning Briefing: Lithium Americas Adds Significant Reserves to its Thacker Pass Mineral Reserves and Resource Estimate
Jan 7, 2025
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Lithium Americas has boosted its Thacker Pass project with impressive new reserves. The podcast highlights intriguing drill results from companies like G2 Goldfields and Aya Gold & Silver. Ridgeline Minerals is making waves by adding a new project to its portfolio. Listeners will also learn about the recent appointment of Daniel Earle as President and CEO of Highlander Silver. Additionally, there's a market update on gold and silver prices, showcasing some promising mining discoveries.
Lithium Americas' significant 286% increase in proven and probable reserves at Thacker Pass marks a pivotal advancement in lithium production.
G2 Goldfields and IA Gold and Silver reported promising drill results, showcasing potential resource expansions in gold and silver mining projects.
Deep dives
Gold and Silver Market Overview
Gold prices experienced a slight decline as U.S. Treasury yields continued to rise, closing at $2,647 an ounce, representing a decrease of a quarter percent. In contrast, silver saw a robust performance with an increase of more than 1.5%, closing at $30.58 per ounce. Speculation surrounding President-elect Trump’s tariff policies created volatility in the markets, although he later denied these claims. As economic data from the United States approaches, both gold and silver markets show signs of recovery.
Mining Exploration Results
G2 Goldfields reported promising results from their Oco project in Guyana, discovering high-grade gold zones with drill results of 13.5 meters at 5.7 grams per ton and other significant intersections. Meanwhile, IA Gold and Silver showcased impressive drill results from their Zaunder Silver Mine in Morocco, with returns reaching up to 2,425 grams per ton silver over extensive lengths. Dolly Varden Silver announced a substantial intersection of 379 grams per ton silver over 21.69 meters, indicating potential for further resource expansion. Additionally, Lithium Americas updated their reserve estimates for the Thacker Pass project, revealing a 286% increase in proven and probable reserves, highlighting a strong growth trajectory in lithium production.
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Market Update: Gold and Silver Prices with Key Mining Discoveries
Lithium Americas published an updated mineral resource and reserve estimate for the Thacker Pass project in Nevada. Drill results to report from G2 Goldfields, Aya Gold & Silver, Dolly Varden Silver and Scottie Resources. Ridgeline Minerals adds a new project to its portfolio. Daniel Earle names President and CEO of Highlander Silver.
This episode of Mining Stock Daily is brought to you by...
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