⛏ $BIG Crashes At Open

PLUS: Abra Signs Deal With Major

Greetings Contrarian,

Source: Trading Economics, Numerco.

This is The Next Big Rush, your daily drop of mining and energy investing news. Where we come together and to wish everyone a great year in 2024.

Here are the highlights:

😲 $BIG Crashes At Open

✍ Abra Signs Deal With Major

🐦 Tweet Of The Day

😲 $BIG Crashes At Open

Hercules Silver Corp. (TSXV: BIG) (OTCQB: BADEF) (FSE: 8Q7) reported assay results for the latest holes drilled into the new Leviathan Porphyry Copper discovery at its Hercules project located in western Idaho.

Highlights:

  • 161m of 0.45% Cu, 148 ppm Mo, 4.4 g/t Ag, including 79m of 0.53% Cu, 7.3 g/t Ag in 450m Step-Out

Investors clearly expected more as the stock crashed more than 40% at open and remains at these levels at the time of writing. The Leviathan Porphyry remains open for expansion in multiple directions and thus far has only been tested within the 2022 IP survey area. Maybe a bit too soon to jump ship? Time will tell.

Abra Signs Deal With Major

AbraSilver Resource Corp. (TSX.V: ABRA) (OTC: ABBRF) has signed a binding letter agreement with a Teck Resources Limited subsidiary for a proposed option and joint venture deal concerning the La Coipita copper-gold project in San Juan, Argentina.

Under the agreement, Teck can acquire an 80% interest in La Coipita by funding $20 million in exploration expenses over five years, making staged cash payments totaling $3 million, and optional cash payments up to $6.3 million. Teck will operate the project after an initial transition period. The agreement is set to create a new Argentine company with Teck holding 80% and AbraSilver 20%.

The completion of the transaction is contingent on various conditions and approvals, expected around January 14, 2024.

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The Editor

DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research.

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