The biggest gold hits of the week – Evolution Mining, Calidus and Emmerson Resources
The big drill hits series returns for 2024.
Source: iStock
Mentioned
KEY POINTS
- Exploration drill holes at Evolution Mining's Cowal and Ernest Henry continue to return sold intercepts, reinforcing the potential for resource growth
- Calidus confirms high-grade mineralisation at the Bulletin deposit, where mining is planned to commence later this year
- Emmerson Resources identifies a number of zones of mineralisation. Kicks off Mineral Resource estimate and is expected to be completed in the current quarter
Welcome back to Big Drill Hits – A curated list of the most intriguing intersections made by ASX-listed gold explorers between 1-19 January 2024.
Gold prices are on track to finish the week down around 1.3% and hovering just above the key US$2,000 amid headwinds such as a rising US dollar and a higher US dollar, likely placing downward pressure on gold miners. It's also January, where news flow is slow and market volumes relatively subdued as analysts, institutions and traders ease back in.
This is our first edition of drill hits data since late 2023. This year, we'll be looking to:
Include comments and insights from management for the leading drill hits
Separate reports for gold, lithium, copper and uranium (subject to news flow),
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 Thu 11 Jan to Fri 19 Jan
