IGO to record impairment against nickel assets in strategy shift
IGO has been undertaking a strategic review in an attempt to revaluate its resources.
Mexican Gold’s (TSXV: MEX) Queensway gold project in Canada’s Newfoundland province reported the most significant drill intersections of 2020 to date, according to intelligence company Opaxe, based on companies listed on the Toronto Stock Exchange.
Opaxe compiles the best drill intersections around the world and then ranks them based on gold equivalent grams per tonne using ruling metal and mineral prices.
The 92.86 g/t grade over 19 meters boosted MEX shares 25% on the TSX Venture Exchange the day after the announcement.
Walker River Resources’ (TSXV: WRR) Lapon Canyon gold project in Nevada lands second place with 96.03 g/t over 13.7 meters.
Based on companies listed on the Australian Securities Exchange, Evolution Mining’s (ASX: EVN) Cowal gold project in Sidney is the runaway winner, with Westgold Resources (ASX: WGX) gold project Fortnum in western Australia coming in second.
Number 3 on the list, Oklo’s (ASX: OKU) gold project in Mali returned 7.65 g/t grade over 55 meters – and OKU shares opened 57% higher on the Australian Securities Exchange the day after the announcement.
Comments
Gene Dodd
How long do you think MEX will be halted.