Top-News of the Week:
Fission Uranium hits next “bull’s-eye” at Patterson Lake South!
A short time ago, Fission Uranium announced the assay results from four holes on the new, land-based, R1515W zone, where drilling has intersected the widest, high-grade mineralization outside of the Triple R Deposit at its’ PLS property in Canada's Athabasca Basin region. Of particular note is hole PLS17-564 (line 1545W), located 2.3km west of the Triple R Deposit’s central part of the R780E zone, which intersected 128.0m of total composite mineralization, including intervals such as 7.0m @ 6.90% U3O8 in 14.50m @ 3.39% U3O8 and 7.0m @ 6.36% U3O8 in 10.50m @ 4.35% U3O8. All four holes returned wide intervals at shallow depth, as well as high-grade mineralization.
These assays highlight the excellent potential of the newest, land-based R1515W zone, which is 2.3km west of the Triple R deposit’s central R780E zone. With hole PLS17-564 returning 128.0m of total composite mineralization, this result is the widest total composite mineralization drilled to date, outside of the Triple R!
News: Fission Hits 128.0m of Total Composite Mineralization with Multiple High-Grade Intervals, 2.3km West of R780E
Market Watch:
Gold price: Next jump ahead!
After the gold price was able to gain around US$150 per ounce between mid-July and the 10 th of September, it is now in a healthy consolidation phase. There is no reason to worry, it seems to be just a new startup, especially, there is nothing to await from this week’s FED-meeting, regarding another interest rate increase. Silver swims in gold’s waterway.
Video: Chart Check On Copper, Zinc, Gold & Silver - 09/01/17
Base metals: We were right!
In the last SRC-newsletter, we suggested a short-time step-back of the base metal prices, and we were dead right! Both nickel and zinc, as well as especially copper showed more or less drastic step backs in prices. A normal process, which investors should sit out. Because in the mid- to long-term one can await way higher prices than now.
Video: Chart Check On Copper, Zinc, Gold & Silver - 09/01/17
Company News:
Uranium Energy reports a 43-101-resource for one of the largest titanium project worldwide!
A short time ago, Uranium Energy announced, that Minerals Advisory Group of Tucson, Arizona has completed a National Instrument 43-101 mineral resource estimate for the Alto Paraná Titanium Project located in eastern Paraguay, approximately 100 km north of Ciudad del Este. The Company exercised its option to acquire 100% of the Project from CIC Resources Inc. on July 10, 2017, as previously reported. The total Inferred resource has been estimated at 4.94 billion tons grading 7.41% titanium oxide (“TiO2”) and 23.6% iron oxide (“Fe2O3”) at a 6% TiO2 cut-off, making Alto Parana one of highest grade and largest known Ferro-Titanium deposits.
News: Uranium Energy Corp Announces NI 43-101 Mineral Resource for the Alto Paraná Titanium Project in Paraguay
Sierra Metals once again satisfying with top-class drill results!
A couple of days ago, Sierra Metals announced assay results from a recently completed definition drilling program at the Bolivar West zone which is located adjacent to the current operations at the Bolivar Mine. The drill program of 28 holes (12,300 meters), has provided the Company with good Copper, Zinc and Silver Grades. The average grade of 2.55% copper equivalent with an average true width of 9.1 meters is significantly above Bolivar’s current resource grade and current head grades. The in-fill drilling in this manto formation covered an area 300 meters long and 180 meters wide. Bolivar West still has further potential resource growth prospects and remains open to the northeast.
This detailed drill data will provide the Company with new data to update the current resources at the Bolivar mine. This resource update will be completed by Q4 2017.
News: Sierra Metals Reports Positive Drilling Results from the High-grade Bolivar West Zone at the Bolivar Copper Mine, Mexico
Endeavour Silver secures important mineral rights!
Caledonia Mining: Major shareholder extends his share package!
Ascendant Resources trading on the OTCQX from now on
Ascendant Resources recently announced that its common shares have commenced trading in the United States under the symbol “ASDRF” on the OTCQX® Best Market. The company's common shares will continue to trade on the Toronto Stock Exchange and Frankfurt Exchange under the symbols ASND and 2D9 respectively.
News: Ascendant Resources Begins Trading on the OTCQX
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