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Jul 25, 2025
Freegold Ventures' shares soared to a five-year high after an updated resource estimate for its Golden Summit project in Alaska revealed a 42% increase in contained gold to 17.2 million ounces, with indicated resources totaling 431.94 million tonnes grading 1.24 grams gold per tonne and inferred resources amounting to 357.61 million tonnes at 1.04 grams gold. The update follows 25,000 meters of drilling last year and highlights the potential for growth at Golden Summit, with a planned pre-feasibility study and infill and expansion drilling aimed at upgrading inferred resources to indicated. Freegold's shares surged to C$1.44 each on Thursday, giving the company a market capitalization of C$765.42 million.
Source: www.mining.com
In China's Jiangxi province, authorities have identified permitting issues at eight lithium mines in Yichun, a key production hub, as Beijing tightens oversight of its critical minerals sector, which could potentially disrupt production in the short term but may help remove irregular players and stabilize the sector over the long term, according to analysts.
Source: www.mining.com
Northern Shield Resources has completed a 15-hole, 3,000-meter diamond drilling program at its Root & Cellar Property in Newfoundland, discovering significant findings including the presence of gold tellurides and multiple zones of hydrothermal mineralization.
Source: www.miningfeeds.com
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