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Tag: E79 Resources Corp.

Red Cloud | redcloudfs.com

Precious Metal Picks – Metal Prices Flying as Russia Invades Ukraine

We are seeing precious metals rise in the shadow of the Ukraine invasion. Gold is trading around US$1923.80/oz, down a couple percent on short term profit taking since reaching a high of US$1,975/oz overnight. Kitco News notes that the next resistance levels could be between US$2,022/oz and US$2,089/oz. Some such as Frank Holmes of US Global Investors is suggesting that 20% volatility in gold is a non-event, and that gold could go to US$2,800/oz. Other commodities are also moving.

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Red Cloud | redcloudfs.com

E79 Resources Corp. (CSE:ESNR) – Drilling Extends Happy Valley Prospect

E79 Resources reported partial assays from two additional holes drilled at the Happy Valley prospect on its 100%-owned Myrtleford Au property in Victoria, Australia. The results returned the deepest mineralized intercepts thus far and have extended mineralization in multiple directions. In our view, E79’s efforts in applying modern exploration techniques to systematically explore the historical Myrtleford Au camp continues to bear fruit, and the latest results further reinforce the company’s thesis that plenty of exploration potential remains below the historical workings.

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