Fortitude Gold announced drill results from its County Line gold project in Nevada. Intercepts include 10.67 meters grading 5.39 grams per tonne gold (g/t), and 7.62 meters grading 2.24 g/t gold.
Look for companies with a large deposit or a deposit with the potential to be large, a stock trading closer to its low than high, and management with a track record.
Wider zones of gold mineralization near the surface could be important for future development of the property. We are looking forward to exploring these mineralized zones by drilling.
Gold production for the first half of 2023 totaled 21,171 ounces. The Company maintains its 2023 annual production Outlook targeting 40,000 ounces of gold (a range of 36,000 to 40,000 ounces).
Big gold and gold-stock uplegs are driven by this powerful buying-begetting-buying dynamic. With gold-futures speculators’ long positioning still really low and investors barely buying so far..
The Séguéla Mine poured first gold on May 24 and produced 4,023 ounces during the initial ramp up weeks of the second quarter with first sales planned for July.
Assay results for the first batch of samples taken at the project indicate the presence of copper and gold mineralization associated with gossanous veins and shear zones.
Shallow, broad intersections, with strong lateral continuity of oxidized gold-silver, continue to expand the mineralized zones around and below the contention open pit, remaining open in all directions.
Gold is exiting June’s summer-doldrums seasonal slump, with both gold-futures speculators and investors still having huge buying firepower left. The former will flock back as Fed..
