Mining Stock Daily

Morning Briefing: Exploration and Development Continues to Heat Up in West Africa

5 snips
May 7, 2025
Drill results from Newcore Gold and Dryden Gold reveal promising developments. Montage makes a strategic investment in Aurum Resources, while Brixton Metals outlines exciting exploration plans for Thorn. Barrick provides an overview of its Q1 performance, showcasing its position in the market. The gold market is buzzing with activity as prices surge due to increased Chinese buying and evolving trading policies. Overall, exploration in West Africa heats up, influencing investment decisions across the board.
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INSIGHT

Newcore Gold's Consistent Drilling Results

  • Newcore Gold's drilling at Enchi Gold Project in Ghana showed consistent mineralization across 14 holes.
  • Significant intervals include 2.25 g/t gold over 56m and 1.16 g/t over 72m, highlighting promising deposit continuity.
INSIGHT

Montage Gold's Strategic Investment

  • Montage Gold strategically partnered with Orem Resources to strengthen its Bundiali Belt position in Côte d'Ivoire.
  • The partnership includes a $10.4M equity investment, enhancing access to a 50 million tonne inferred resource.
INSIGHT

Dryden Gold's High-Grade Discovery

  • Dryden Gold's Allura Gold System revealed a new hanging wall zone with exceptional assays.
  • Confirmed gold grades include 301.67 g/t over 3.9m, underscoring the system's high-grade potential.
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