Hedge funds slash bullish wagers on gold over Trump election win
The precious metal has fallen about 8% from a record high on Oct. 31, with losses accelerating after Trump’s election victory last week.
Power Ore has completed the digitization and geological model for the Opemiska copper complex near the town of Chapais in the Canadian province of Quebec. Based on all available drilling data, it has confirmed the distribution of disseminated material around the known veins. There is also widespread disseminated mineralization near the contact with underlying rhyolite.
Power Ore says the new geological model confirms work completed by RPA on the former Springer and Perry mines. The new model allowed the company to re-create RPA’s processes, with Power Ore’s version of the digital database being more detailed and accurate. Power Ore also incorporated the results of drilling done after 2014.
The Opemiska complex lies within the Abitibi Greenstone Belt and Quebec’s Plan Nord lands. The former mines were high grade underground mines operated by Falconbridge for over 35 years.
(This article first appeared in the Canadian Mining Journal)
