7 days ago
Aftermath Silver Ltd (TSX-V:AAG, OTCQX:AAGFF, FRA:FLM1) announced that it has started drilling at the eastern edge of its Berenguela project in Peru to test for high-grade copper mineralization beyond the current mineral resource estimate, while also launching a drill program at its Challacollo silver-gold project in northern Chile.
The company said the Berenguela program will initially include up to 1,000 metres of core drilling targeting an eastern copper zone, following previous drill results that intersected high-grade copper and silver mineralization. The program may be expanded depending on results.
Shares of Aftermath gained 6.2% in Toronto on Wednesday morning.
Aftermath Silver CEO Ralph Rushton said the company is investigating the potential for additional high-grade copper mineralization outside the current resource area after encouraging drilling results from 2024 and 2025.
"Our previous drilling in 2024/2025 on the eastern margins of the MRE was extremely positive and with the copper spot price close to its all-time high I look forward to reporting on the results of the drilling later this year," Rushton said in a statement.
#copper #eastern #mineralization
The company said the Berenguela program will initially include up to 1,000 metres of core drilling targeting an eastern copper zone, following previous drill results that intersected high-grade copper and silver mineralization. The program may be expanded depending on results.
Shares of Aftermath gained 6.2% in Toronto on Wednesday morning.
Aftermath Silver CEO Ralph Rushton said the company is investigating the potential for additional high-grade copper mineralization outside the current resource area after encouraging drilling results from 2024 and 2025.
"Our previous drilling in 2024/2025 on the eastern margins of the MRE was extremely positive and with the copper spot price close to its all-time high I look forward to reporting on the results of the drilling later this year," Rushton said in a statement.
#copper #eastern #mineralization
8 days ago
The Nasdaq 100 has shown itself to be a resilient index in the early part of Tuesday trading, as we have bounced from that crucial 28,500 level. This is a market that I think continues to be very noisy, but it looks like it is trying to defend the overall consolidation area. The 30,000 level above has been an area of significant resistance, and now it looks like we are just trying to reenter that area that we had spent so much time in over the last several months. It is earnings season, so that will have its influence as well.
The Dow Jones 30 rallied initially during the trading session on Tuesday, but it looks like it is just going to struggle to hang onto those gains from what we have seen so far. That being said, it is still in a strong uptrend and has been for quite some time, so it is a bit sluggish, but I would not necessarily look at this and think most traders would see a trend change.
This is a market that is more likely than not going to continue to pay attention to interest rates around the world, and this is a market that also has been at a nice 45-degree angle to the upside as far as the trajectory of the trend is concerned. The 50-day EMA is at 51,416 and rising, and has acted a bit like a trend line, so it looks like it is still supported.
The S&P 500 is bouncing from a trend line of the ascending triangle that it has been trying to form. So, with that being said, the market looks very much like a market that is coiling up, and if it is going to continue to see this coil action, one would anticipate that perhaps it is a market that will eventually resolve.
As it is in an ascending triangle, a lot of traders may be looking for a bit of upward pressure. We will just have to wait and see. But the 7,500 level continues to be a little bit of short-term resistance. Breaking above there would lead to more confidence for me, at least, that this market could rally. To the downside, the 50-day EMA offering support, I think, is something worth watching.
#trying
The Dow Jones 30 rallied initially during the trading session on Tuesday, but it looks like it is just going to struggle to hang onto those gains from what we have seen so far. That being said, it is still in a strong uptrend and has been for quite some time, so it is a bit sluggish, but I would not necessarily look at this and think most traders would see a trend change.
This is a market that is more likely than not going to continue to pay attention to interest rates around the world, and this is a market that also has been at a nice 45-degree angle to the upside as far as the trajectory of the trend is concerned. The 50-day EMA is at 51,416 and rising, and has acted a bit like a trend line, so it looks like it is still supported.
The S&P 500 is bouncing from a trend line of the ascending triangle that it has been trying to form. So, with that being said, the market looks very much like a market that is coiling up, and if it is going to continue to see this coil action, one would anticipate that perhaps it is a market that will eventually resolve.
As it is in an ascending triangle, a lot of traders may be looking for a bit of upward pressure. We will just have to wait and see. But the 7,500 level continues to be a little bit of short-term resistance. Breaking above there would lead to more confidence for me, at least, that this market could rally. To the downside, the 50-day EMA offering support, I think, is something worth watching.
#trying
