⛏ High-Grade Copper In Quebec

PLUS: Blue Sky PEA

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 play a game of pool.

Here are the highlights:

💪 High-Grade Copper In Quebec

😉 Blue Sky PEA

🐦 Commodity Barter Is Sexy

💪 High-Grade Copper In Quebec

Abitibi Metals Corp. (CSE: AMQ) (OTC: AMQFF) (FSE: FW0) has provided an update on its drill program currently underway at the B26 Polymetallic Deposit in Quebec, Canada.

Highlights:

  • chalcopyrite-bearing quartz veins were observed from 30 to 109.5 metres in one of the holes

  • 8m of around 20% chalcopyrite mineralization observed in another hole

  • 10% and 20% chalcopyrite mineralization observed in another hole

For us geo noobs, chalcopyrite is a copper-rich mineralization that can often be seen visually, indicating that where there is smoke, there is fire.

We’re anxiously waiting for lab results on this one, as we’re ever-more biased shareholders. A third drill might be arriving at site to speed things up.

Wonderful.

😉 Blue Sky PEA

Blue Sky Uranium Corp. (TSXV: BSK) (FSE: MAL2) (OTC: BKUCF), announced today the results of a new Preliminary Economic Assessment for the Ivana Uranium-Vanadium deposit at the Company's 100% owned Amarillo Grande Project in Rio Negro Province, Argentina.

Highlights:

  • After-tax NPV 8%: $227.7 million

  • After-tax IRR: 38.9%

  • Capex: $159.7 million

By assuming a Uranium price of $75/lb U3O8, the measly C$18m market cap looks…. Out of place.

📰 In Other News:

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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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