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⛏️ This Week in Mining
June 29th — June 3, 2026
👷♀️ Greetings, Contrarian!
This is The Next Big Rush, your daily drop of mining and energy investing news. Where we come together and share every piece of news of the week with you! 🎯
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Source: TradingView, TradingEconomics and Numerco.
📰 Headlines
San Lorenzo Gold Corp. (TSXV: SLG | OTC: SNLGF) reported drilling results from the San Juan Extension of the Arco de Oro epithermal system, Chile.
Highlights:
18.9 metres of 1.06 g/t gold (Au), including:
1.6 metres of 5.68 g/t Au.
21.5 metres of 1.32 g/t Au and 45.0 metres of 1.24 g/t Au, including:
higher-grade intervals up to 5.82 g/t Au.
23.0 metres of 1.41 g/t Au, including:
1.2 metres of 9.52 g/t Au.
Drilling confirms multiple continuous mineralised zones within a large-scale hydrothermal system, with further step-out and deeper porphyry-targeting drilling planned.
Val-D'Or Mining Corporation (TSXV: VZZ | OTCQB: VDOMF) announced drilling results at the Baden Prospect, Ontario, Canada.
Highlights:
7.40 metres of 6.27 g/t gold, including:
0.60 metres of 71.60 g/t gold.
4.40 metres of 2.44 g/t gold, including:
1.10 metres of 6.20 g/t gold.
47.00 metres of 0.275 g/t gold within a broad mineralised zone.
Multiple additional gold-bearing intervals were intersected across the property, while follow-up mapping, structural interpretation and target evaluation are underway to assess the new discovery's exploration potential.
Gold X2 Mining Inc. (TSXV: AUXX; OTCQB: GSHRF) reported additional drilling results from the Moss Gold Project in Ontario, Canada.
Highlights:
32.8 metres of 1.22 g/t gold, including:
3.5 metres of 6.83 g/t gold.
57.95 metres of 0.86 g/t gold, including:
17.1 metres of 1.85 g/t gold.
14.0 metres of 1.75 g/t gold, including:
3.0 metres of 6.94 g/t gold.
The results from six drill holes on the southern edge of the Main Zone intersected multiple wide mineralised shears that are significantly wider than those modelled in the current resource estimate, along with several narrow high-grade zones.
Drilling confirms a significant expansion of mineralised widths and is expected to support an expansion of the in-pit resource in a future mineral resource estimate update scheduled for Q4 2026 or Q1 2027.
Newcore Gold Ltd. (TSXV: NCAU; OTCQX: NCAUF) announced additional drilling results from the Enchi Gold Project in Ghana.
Highlights:
21.0 metres of 3.51 g/t gold, including:
9.0 metres of 5.91 g/t gold.
21.0 metres of 1.40 g/t gold, including:
11.0 metres of 2.08 g/t gold.
14.0 metres of 1.61 g/t gold, including:
7.0 metres of 2.94 g/t gold.
The results continue to demonstrate the continuity of gold mineralisation at depth and support the potential to add higher-grade ounces to future mine plans and economic studies, with all deposits at Enchi remaining open along strike and at depth.
Freegold Ventures Limited (FGOVF.US) reports drilling results from the Golden Summit Project in Alaska, USA.
Highlights:
62.1 metres of, 2.08 g/t, gold.
113.7 metres of, 0.90 g/t, gold.
66.0 metres of, 1.02 g/t, gold.
Drilling continues to demonstrate broad zones of gold mineralisation across the Dolphin, Cleary and WOW areas, supporting ongoing work toward an updated resource model and future pre-feasibility study.
FireFly Metals Ltd. (ASX: FFM) reported additional drilling results from the Green Bay Copper-Gold Project in Newfoundland and Labrador, Canada.
Highlights:
42.0 metres of 6.1% copper equivalent, including:
9.8 metres of 16.5% copper equivalent.
51.5 metres of 4.9% copper equivalent, including:
17.0 metres of 9.1% copper equivalent.
34.4 metres of 5.0% copper equivalent, including:
14.3 metres of 7.6% copper equivalent.
The results continue to demonstrate the continuity and grade of the high-grade core zone at Green Bay.
The company said the assays will be incorporated into an updated resource model supporting economic studies scheduled for July-August 2026.
😎 Fed Fears Fade
Gold prices rose today and are heading for their first weekly gain in five weeks after weaker-than-expected U.S. jobs data reduced expectations of a near-term Federal Reserve interest rate hike.
Spot gold climbed to around US$4,185 per ounce, while U.S. gold futures approached US$4,197 per ounce.
The softer payrolls report weakened the U.S. dollar and boosted demand for bullion, with central bank buying continuing to provide longer-term support for the precious metal.
High-Tech Metals (ASX: HTM) reported drilling results from the Mt Fisher Gold Project in Western Australia.
Highlights:
13 metres of 1.54 g/t gold, including:
5 metres of 3.38 g/t gold.
12 metres of 2.30 g/t gold, including:
5 metres of 4.95 g/t gold.
2 metres of 5.49 g/t gold.
The initial results support continuity of mineralisation within the existing Mt Fisher system and, with most northern extension drilling assays still pending, expects to continue advancing several important workstreams at Mt Fisher in the near term.
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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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