Our top story in this week’s gold report highlights Sitka Gold (TSXV:SIG), a Yukon-based miner that recently expanded a discovery on its more than 2.8-million-ounce RC project, including a standout intercept of 107.9 metres of 1.01 grams per ton of gold, suggesting that the 431-square-kilometre property is vastly untapped.
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By the ounce
At the time of writing on Wednesday, the price of gold was US$4,136.90, up from US$3,979.20 per ounce in our November 5th report, reflecting the uneasy truce between the US and China and uncertainty surrounding Wednesday’s vote by the House of Representatives to potentially end the longest government shutdown in US history.
This week in gold
Other notable gold stories this week include the one and only Eric Sprott and Franco-Nevada founder David Harquail investing C$6.3 million in Gold Terra Resource (TSXV:YGT), a Yellowknife-based explorer advancing a district-scale land package hosting billions worth of gold in the ground.
Newmont (NYSE:NEM) and Orla Mining (TSX:OLA) also announced a C$6.6 million development fund for First Nations in Northwestern Ontario, backstopping Native participation in the region’s mining industry over the next 10 years.
Our final story centres on Puma Exploration (TSXV:PUMA), a junior miner that yielded high-grade surface samples up to 19.55 grams per ton of gold and 3.32 per cent copper from its Jonpol property in New Brunswick, strengthening the case for a multi-kilometre gold-bearing trend to be verified by upcoming fieldwork.
Top trending gold stocks
- New Found Gold (TSXV:NFG) | 15,900+ views.
- B2Gold (TSX:BTO) | 7,900+ views.
- Laurion Mineral Exploration (TSXV:LME) | 7,400+ views.
- Fortune Minerals (TSX:FT) | 7,200+ views.
- West Red Lake Gold Mines (TSXV:WRLG) | 5,500+ views.
- No other gold stocks in this week’s top Bullboards.
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