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This is The Next Big Rush, your daily drop of mining and energy investing news. Where we come together and go grocery shopping. 🛒

📝 Here are the highlights

😎 Treasure Island Finds

🧐 Gold Retreats Ahead

🐦 Metaphor For Investors?

📌 Daily Commodity Prices

😎 Treasure Island Finds

Pirate Gold Corp. (TSXV: YARR) (OTCQB: YARRF) has reported field exploration results from Moosehead, part of its Treasure Island Project along the Valentine Lake Fault Zone in central Newfoundland, Canada.

Highlights:

• 1.35 metres of 30.6 g/t gold, including:

  • 0.40 metres of 89.7 g/t gold

• 6.65 metres of 4.25 g/t gold, including:

  • 0.50 metres of 40.8 g/t gold

• 2.45 metres of 2.88 g/t gold, including:

  • 0.90 metres of 4.63 g/t gold

The newly identified Caribou Fault Zone runs parallel to the Eastern and Western Trend faults.

The Rib Vein, which links the Eastern and Western Trends, has now been traced over 200 metres of strike and to depths of 90 metres, and remains open at depth.

🧐 Gold Retreats Ahead

Gold slipped today as investors awaited closely watched remarks from Federal Reserve Chair Kevin Warsh at the Jackson Hole symposium, with spot gold down 0.5% at US$4,576.30 per ounce and US gold futures easing 0.8% to $4,629.00, after touching a more than three-month high earlier in the week following the US Treasury's announcement of support measures for long-duration bonds.

Among other precious metals, spot silver fell 1% to $68.54 per ounce, palladium declined 0.8% to $1,339.84, and platinum dropped 0.6% to $1,834.83, on track for a weekly loss.

📰 In Other News

🐦 Metaphor For Investors?

Happy Speculating!

The Editor

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