News | Big Drill Hits
The biggest gold hits of the week – Emerald Resources, Spartan Resources
Some massive gold hits from two of the best performing gold producers/explorers from last year.
Source: Shutterstock
Mentioned
KEY POINTS
- Emerald Resources hits significant gold mineralisation at its two growth projects, North Laverton and Okvau
- Spartan Resources, one of the best performing gold explorers last year, kicks off 2024 with a 114g/t gold hit
- Santana Resources closes out infill drilling with thick high-grade intercepts ahead of a revised Mineral Resource Estimate
Welcome back to Big Drill Hits – A curated list of the most intriguing intersections made by ASX-listed gold explorers between 22 and 25 January 2024.
Gold prices are on track to finish the week down 0.6% as Fed rate cut expectations continue to get pushed out into later this year. The market is currently expecting the first rate cut to take place in May instead of March.
Note: (1) 'Interval' reflects the length of the core and 'From' reflects interval start. (2) Only the highest grade thickness intercept is shown (per announcement) and skews towards broader hits with lower-grade mineralisation as opposed narrow hits with higher-grade intervals. (3) While we strive for accuracy, minor discrepancies may exist (4) The data is for illustrative purposes only and may not be an exhaustive list of all drill hits. (5) Share price performance between Friday, 19 January to Thursday, 25 January.
