With gold prices soaring, savvy investors are eyeing high-grade gold mining projects at shallow depths in prime locations, promising lucrative returns and minimal extraction costs.
Vancouver-based miner Viva Gold (TSXV:VAU)(OTCQB:VAUCF) has been making significant strides at its Tonopah Gold Project in Nevada, with a new drilling program set to commence in late September.
This latest initiative will involve 2,000 to 2,500 metres of reverse circulation drilling across 15 to 20 drillholes, aiming to further delineate the resource and enhance the project’s economic potential.
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Commodity prices
As of the time of this writing Tuesday, the price of gold sits at US$2,658.40, up from $2,568.40 in last week’s update, according to data from Kitco.com.
This week in gold
- Vista Gold (TSX:VGZ; NYSE-A:VGZ) on Tuesday announced interim results from Phase 2 of its 2024 drilling program at the Mount Todd gold project in Northern Territory, Australia.
- Northstar Gold (CSE:NSG) has signed a non-binding memorandum of understanding with Hunan Nonferrous Geological Exploration Institution.
- GETT Gold (TSXV:GETT), a junior gold miner and service provider active in Quebec, revealed that its mining equipment suffered significant damage after a fire at a third-party storage facility northwest of Quebec City.
Top six trending gold stocks
- Laurion Mineral Exploration (TSXV:LME)
- New Found Gold (TSXV:NFG)
- American Creek Resources (TSXV:AMK)
- Tudor Gold (TSXV:TUD)
- Pinnacle Silver & Gold (TSXV:PINN)
- Signal Gold (TSX:SGNL)
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(Top photo generated by AI: Adobe Stock)