goldexploration
2024 has been a storybook year for gold. Coming off a record-setting December 2023, markets were range bound as they awaited important interest rate decisions from the US Federal Reserve. As March started, messaging from the central bank became clearer. The Fed was confident it was done raising rates and cuts could be expected in 2024. Gold took off, setting the quarter’s high of US$2,264.52 per ounce on March 31, with momentum continuing to set an all-time high of US$2,426.56 per ounce on April 12. Despite gold’s solid performance at the end of 2023 and continued high prices in 2024, it didn’...
Investing News Network
Drilling at Awalé Resources’ (TSX:ARIC) Charger target within the Odienné project in Côte d’Ivoire has hit “one of the highest-grade gold intersections," according to the company’s CEO, Andrew Chubb. “It's a (really) significant drill hole. We were testing a new sort of 3D framework at that target. We drilled holes there and got 50 to 100 meter intercepts … We adjusted our interpretation and went in to test that, and found that it's a breccia system. We found a new breccia pipe and got the broadest intercept of the actual geology,” he said. “The biggest thing for us is that we believe we are s...
Investing News Network
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