Total Metals Reports High-Grade Gold Findings Near Rainy River Mine
What happened
Total Metals Corp. announced assay results from follow-up sampling at the Menary Gold Property in Northwestern Ontario. The property is located 18 km northeast of the Rainy River Gold Mine. Chip sampling returned high-grade gold, including 102 g/t Au and 31.7 g/t Au, and vertical panel sampling showed 23.4 g/t Au with visible gold. The company is currently integrating high-resolution drone magnetic data to finalize 2027 drill targets.
From recorder.ca
Why it matters
The Menary Gold Property is situated directly bordering the Rainy River Gold Mine claim block, which Coeur Mining Inc. acquired through its purchase of New Gold Inc. The high-grade tenor demonstrated by Menary suggests exceptional gold endowment near Coeur Mining's acquired land package.
New Gold operates the gold mine at Rainy River, a Canadian company based in Toronto.
From recorder.ca
Who's involved
- Coeur MiningAcquired the Rainy River Gold Mine claim block in its purchase of New Gold Inc.
- New GoldOperates the gold mine at Rainy River
- Northwestern OntarioLocation of the Menary Gold Property
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- Rainy River DistrictSpeculative
The Rainy River District may experience increased local economic activity and potential tax revenue from adjacent resource development.
Keep exploring
The entities involved
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Northwestern Ontario
secondary region in Ontario, Canada
Nothing else this week.
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Rainy River
river on the Minnesota-Ontario border in Canada and the United States