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- ⛏️ Cariboo Veins
⛏️ Cariboo Veins
PLUS: Pen Potential
👷♀️ Greetings Contrarian!
This is The Next Big Rush, your daily drop of mining and energy investing news. Where we come together and do our weekly grocery run. 🛒
📝 Here are the highlights
🧐 Cariboo Veins
👏 Pen Potential
🐦 Guessing Isn’t Mining
📌 Daily Commodity Prices

Source: TradingEconomics and Numerco.
🧐 Cariboo Veins
Spanish Mountain Gold (TSX-V: SPA; OTCQB: SPAUF; FSE: S3Y) reports drill results from the 2025 winter program at the Phoenix Target, part of the Spanish Mountain Gold project in the Cariboo Gold Corridor, British Columbia, Canada.
Highlights:
62.00 metres of 1.47 g/t gold from 227.00 m, including 4.00 metres of 17.28 g/t gold.
188.20 metres of 0.31 g/t gold from 63.00 m, including 62.00 metres of 0.48 g/t, and 0.85 metres of 6.55 g/t gold.
153.64 metres of 0.37 g/t gold from 42.36 m, including 116.00 metres of 0.40 g/t, and 13.12 metres of 1.27 g/t gold.
A maiden resource estimate for Phoenix is expected in Q2 2025 as part of the updated PEA, with the target located 1.4 km west of the main deposit and emerging as a promising new geological host setting.
👏 Pen Potential
GFG Resources (TSXV: GFG; OTCQB: GFGSF) reports drill results at Pen Gold Project, Ontario, Canada.
Highlights:
3.5 metres of 3.90 g/t gold, including 1 metre of 9.62 g/t gold.
1.3 metres of 2.6 g/t gold with over 1% zinc.
1.0 metre of 1.00 g/t gold.
The company states that the Phase 1 results are encouraging and support a strong discovery pipeline across an under-explored part of the Abitibi Greenstone Belt.
📰 In Other News
🐦 Guessing Isn’t Mining
This again...
You don't stumble on a new mine, you build it.
"Supergiant" is not a geological term.
That's not ore in the pic.
And even if the wild guess of about 35 Moz contained gold turns out to be true, it'd be far from the largest in the world.
— Lobo Tiggre (@duediligenceguy)
7:45 AM • Jun 1, 2025

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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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