Tag: gold
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Trek Metals Unveils Gold Targets at Christmas Creek Project
Trek Metals, an Australian mining company, has uncovered new gold targets at its Christmas Creek project in Western Australia. While the Martin prospect has been the primary focus of exploration efforts, Trek Metals is now turning its attention to evaluating the potential of the Zahn and Coogan prospects within the project. Recent detailed individual meter…
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Gold Coast Meriton Apartments Suffer Flooding During Cyclone Alfred
During the recent ex-Tropical Cyclone Alfred, the upscale Meriton apartments on the Gold Coast faced severe flooding, leaving residents distressed over waterlogged carpets and leaky window sills. A local DJ, known as WILLO, shared a TikTok video showcasing the water-soaked conditions on the 14th floor of the Meriton Southport building. In the video, makeshift solutions…
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Gold Price Forecast: Surge to US$3250 Predicted by Year-End
Gold prices are anticipated to surge to US$3250 per ounce by the end of 2025, driven by factors such as central banks stockpiling gold as a safeguard against geopolitical uncertainties. VanEck’s gold and precious metals portfolio manager, Imaru Casanova, predicts this upward trajectory, emphasizing the metal’s role as a traditional hedge against inflation and a…
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Silver Surpasses Gold as Safe-Haven Investment Amid Soaring Prices
In the realm of investments, silver has emerged as a formidable contender, outshining its traditional counterpart, gold, as a safe-haven asset amidst a backdrop of escalating prices. The once eccentric persona associated with being a gold enthusiast, often evoking images of extreme doomsday preppers, has now evolved into a portrayal of astute financial acumen. Over…
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Gold Coast’s Seawall Defends Against Ex-Cyclone Alfred’s Fury
The Gold Coast, known for its stunning beaches and vibrant city life, recently faced the looming threat of ex-Tropical Cyclone Alfred. This natural phenomenon, a remnant of a once-powerful cyclone, stirred concerns among locals and authorities. However, the Gold Coast had a hidden guardian in place – a seawall that has been a crucial defense…
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Gold Price Surges to Projected US$3250 Amid Economic Uncertainty
The gold market is experiencing a significant surge, with projections indicating a potential rise to US$3250 per ounce by the end of the year. VanEck’s Imaru Casanova, a portfolio manager specializing in gold and precious metals, anticipates this increase driven by central banks bolstering their gold reserves as a safeguard against geopolitical uncertainties. Traditionally, gold…
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Massive 7.5km Gold System Unearthed in Western Australia
In a significant discovery, Strickland Metals has identified a vast 7.5-kilometer-long intrusion-related gold system adjacent to its Dusk ’til Dawn gold deposit within the Yandal project in Western Australia’s Eastern Goldfields. This revelation follows an extensive evaluation process involving the analysis of new geophysical and geochemical data alongside historical exploration records. The exploration efforts unveiled…
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Greatland Gold: Transformative Progress at Havieron Gold-Copper Project
Greatland Gold has made significant strides in the development of the Havieron gold-copper project in Western Australia, marking a transformative period in the first half of the 2024–25 financial year. The company, under the leadership of managing director Shaun Day, finalized the acquisition of Newmont’s Telfer gold-copper mine and a 70% stake in Havieron. This…
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Gold Strike: Aureka Discovers Promising Sulphide Minerals in Victorian Project
Aureka, a recently relisted mining company, has made significant progress in its Irvine gold project located near Stawell in Victoria. The company’s ongoing 2000-meter diamond drilling campaign has revealed promising signs of sulphide mineralization in core samples. Additionally, a re-analysis of recent data has identified new targets based on geophysical data, further defining the gold-bearing…
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$1.6m Raised for Wagyu Gold Drilling: New Age Exploration Advancement
New Age Exploration (NAE) has successfully raised $1.6 million through a share placement, signaling a significant advancement in their gold drilling efforts at the Wagyu project. This financial boost is set to drive a 3000-meter Reverse Circulation (RC) drilling program scheduled to kick off in March. The funds secured from this placement, which garnered substantial…