This week’s results compare with 47 intersections from 16 years ago on the property just north of Lake Superior.

China raised its gold holdings by about 16 tons in May, according to data from the People’s Bank of China.

However, total assets under management fell slightly by 0.4% to $220 billion due to a lower gold price in the month compared to April.

Demand for gold will drop 9% to 4,375 metric tons this year, according to the consultancy.

Quebec is becoming known for mining project funding that hands out several hundred million dollars a year and promotes the province as a battery metals hotspot.

Over the remainder of the year, exploration activities will continue to focus on further delineating the potential of Detour-Fenelon.