June Gold Drill Results – McEwen Mining Makes the Grade

McEwen drills 2.4 metres of 776 g/t Gold at its Black Fox mine near Timmins, Ontario

eResearch | At the start of June, the price of gold slightly retreated, dropping below US$1,700/oz before closing the month above US$1780/oz. Commodities analysts remain bullish about the prospect for the gold price to rise above US$2,000/oz from the current level, but the debate continues if this will be in the near term or into 2021.

Meanwhile, gold explorers and developers continue to drill; here are some highlights for June.

  • McEwen Mining (TSX: MUX ; NYSE: MUX) had the best overall result (interval x grade) in June with the highest grade hit of the month 776 g/t Au over 2.4 metres at its Black Fox mine near Timmins, Ontario.
  • Superior Gold (TSXV:SGI) released two sets of underground drill results from its Plutonic Gold mine in Western Australia hitting 15.1 metres of 56.3 g/t Au and 6.5 metres of 40.4 g/t Au.
  • Osisko Mining (TSX: OSK) released assays from 18 drill holes at its Windfall project near James Bay, Quebec, with highlight hole of 376 g/t Au over 2.0 metres.
  • Great Bear Resources (TSXV: GBR ; OTCQX: GTBAF) reported results from its ongoing C$21 million exploration program at its Dixie Project in the Red Lake district of Ontario. Results included 20.6 metres of 3 g/t Au, 12.4 metres of 30.5 g/t Au and 576.00 g/t Au over 1.0 metre.
  • Alkane Resources (ASX: ALK) released drill results from its 44-hole drill program at its Roswell and San Antonio deposits in Australia with highlight holes of 69.0 metres grading 9.12g/t Au and 71.0 metres grading 3.56g/t Au.

TABLE 1: “Highlight Holes” – Top 25 Gold Drill Results in June

DATE COMPANY TICKER PROJECT LOCATION METRES (g/t) Au
17-Jun-20 McEwen Mining TSX: MUX ; NYSE: MUX Black Fox mine Ontario 2.4 776.0
17-Jun-20 Superior Gold TSXV:SGI Plutonic Gold mine Western Australia 15.1 56.3
23-Jun-20 Osisko Mining TSX: OSK Windfall Quebec 2.0 376.0
11-Jun-20 Great Bear TSXV: GBR ; OTCQX: GTBAF Dixie Project Ontario 20.6 31.3
22-Jun-20 Alkane Resources ASX: ALK Roswell Australia 69.0 9.1
10-Jun-20 Imperial Metals TSX:III Red Chris mine B.C. 232.0 2.6
11-Jun-20 Great Bear TSXV: GBR ; OTCQX: GTBAF Dixie Project Ontario 1.0 576.0
26-Jun-20 Roxgold TSX: ROXG ; OTC: ROGFF Seguela Côte d’Ivoire 20.0 28.0
03-Jun-20 Premier Gold Mines TSX: PG ; OTCPK: PIRGF Mercedes mine Mexico 84.7 6.3
10-Jun-20 Rupert Resources TSXV: RUP Pahtavaara Finland 1.0 482.0
23-Jun-20 Great Panther TSX: GPR ; NYSE: GPL Tucano mine Brazil 29.4 16.0
08-Jun-20 Great Bear TSXV: GBR ; OTCQX: GTBAF Dixie Project Ontario 12.4 30.5
22-Jun-20 Roscan Gold TSXV: ROS Kandiole West Mali 65.0 5.2
09-Jun-20 Bluestone Resources TSXV: BSR ; OTCQB: BBSRF Cerro Blanco Guatemala 15.0 21.6
24-Jun-20 Superior Gold TSXV:SGI Plutonic Gold mine Western Australia 6.5 40.4
03-Jun-20 Gatling TSXV:GTR ; OTCQX:GATGF Larder Ontario 3.0 85.1
01-Jun-20 Galway Metals TSXV:GWM Clarence Stream New Brunswick 38.5 6.2
29-Jun-20 Rupert Resource TSXV: RUP Pahtavaara Finland 13.0 15.2
22-Jun-20 Mako Mining TSX-V: MKO ; OTCQB: MAKOF San Albino-Murra Nicaragua 4.3 40.5
29-Jun-20 Kirkland Lake Gold TSX: KL ; NYSE: KL ; ASX: KLA Detour Lake Ontario 121.0 1.4
25-Jun-20 Amex TSXV: AMX ; OTCQX: AMXEF ; FRA: MX0 Perron Quebec 5.6 29.0
17-Jun-20 MacDonald Mines TSXV: BMK SPJ Property Ontario 5.1 27.2
15-Jun-20 Mako Mining TSX-V: MKO ; OTCQB: MAKOF San Albino-Murra Nicaragua 5.5 23.1
24-Jun-20 Galway Metals TSXV:GWM Clarence Stream New Brunswick 0.6 186.5
02-Jun-20 Velocity Minerals TSXV: VLC Obichnik Bulgaria 13.7 7.5
02-Jun-20 Probe Metals TSX-V: PRB ; OTCQB: PROBF Val-d’Or East Quebec 10.8 8.9

 

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