Menary Project reports bonanza-grade gold mineralization near Rainy River
What happened
Chip sampling at the Menary Project returned bonanza-grade gold, including 102 g/t Au and 31.7 g/t Au in altered felsic dyke and mafic volcanic rock, respectively. High-grade intervals and visible gold were also found at the Wagg Zone, with samples returning 13.6 g/t Au and 23.4 g/t Au. The Menary Project is situated directly bordering Coeur Mining’s Rainy River land package.
From manilatimes.net
Why it matters
The discovery of bonanza-grade gold at Menary, which is adjacent to Coeur Mining’s Rainy River land package, suggests increased asset value for Coeur Mining. The project is currently integrating geophysical and surface data to define high-priority drill targets for a 2027 exploration campaign.
From manilatimes.net
Who's involved
- Coeur MiningOperates the Rainy River land package bordering the Menary Project
- Rainy RiverLocation of the gold property and Coeur Mining's land package
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.
- OntarioSpeculative
Ontario could see increased provincial resource revenue potential.
- Northwestern OntarioSpeculative
Northwestern Ontario may experience increased regional investment and economic activity.
Keep exploring
The entities involved
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Rainy River
river on the Minnesota-Ontario border in Canada and the United States