{"id":1155038,"date":"2019-12-11T16:48:59","date_gmt":"2019-12-11T22:48:59","guid":{"rendered":"https:\/\/www.mining.com\/?p=1009043"},"modified":"2019-12-11T16:48:59","modified_gmt":"2019-12-11T22:48:59","slug":"gold-exploration-trends-drilling-up-canada-leads-september-2019","status":"publish","type":"post","link":"https:\/\/juniorminingnews.com\/?p=1155038","title":{"rendered":"Gold exploration trends: drilling up, Canada leads \u2013 September 2019"},"content":{"rendered":"<p><em>The following is the analysis of<br \/>\nmonthly gold exploration trends from January to September 2019 using data from<br \/>\nthe&nbsp;<\/em><a href=\"https:\/\/www.miningintelligence.com\/\"><em>Mining Intelligence<br \/>\nData Application<\/em><\/a><em>. The data used<br \/>\nrepresents reporting companies listed on the following stock exchanges: TSX<br \/>\n(+TSX-V), ASX, LSE (+LSE-AIM), NYSE, and JSE.<\/em><\/p>\n<div class='d-flex justify-content-center'>\n<div id='div-gpt-ad-1561499308230-0'><script>googletag.cmd.push(function() {googletag.display('div-gpt-ad-1561499308230-0');});<\/script><\/div>\n<\/div>\n<p><a href=\"https:\/\/www.miningintelligence.com\/\"  rel=\"noreferrer noopener\">Mining Intelligence<\/a>&nbsp;data<br \/>\nindicates that after a bleak month of August, exploration activity in<br \/>\nthe gold sector jumped in September and hit the second highest bar since<br \/>\nthe beginning of 2019, and both the number of drilled projects and the number<br \/>\nof drillholes reported in September, were up in all major regions.<\/p>\n<p>A trend towards exploration of advanced projects, rather than<br \/>\ngreenfield opportunities, was reversed in September with companies willing to<br \/>\ntake more early-stage exploration risks.<\/p>\n<p>There was a noticeable improvement in overall drill intersection grades,<br \/>\nwith reported gold intersections with grades greater than 2 g\/t have risen from<br \/>\n23% of their total count in August to 40% in September 2019.<\/p>\n<p>Seven out of top ten highest-grade gold intersects<br \/>\nreported in September 2019, were located in Canada.<strong><\/strong><\/p>\n<h2><strong>Analysis<\/strong><\/h2>\n<p>In September 2019, companies reported exploration results for 169<br \/>\nprojects&nbsp;<em>(Figure 1)<\/em>, which is the second highest count observed<br \/>\nsince the beginning of 2019. Canada overtook Australia and was the leading<br \/>\ncountry in terms of a number of reported drilled projects (58), followed by Australia<br \/>\n(50) and South America (21). Number of reported drilled projects was up in all<br \/>\nmajor regions except Africa where it fell by 14%.<\/p>\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.mining.com\/wp-content\/uploads\/2019\/12\/1.png\" alt=\"\" class=\"wp-image-1009045\" srcset=\"https:\/\/www.mining.com\/wp-content\/uploads\/2019\/12\/1.png 1011w, https:\/\/www.mining.com\/wp-content\/uploads\/2019\/12\/1-300x225.png 300w, https:\/\/www.mining.com\/wp-content\/uploads\/2019\/12\/1-768x575.png 768w\" sizes=\"(max-width: 1011px) 100vw, 1011px\" \/><figcaption> Figure 1. Number of reported drilled gold projects by region, January-September 2019. Source: Mining Intelligence<\/figcaption><\/figure>\n<p>In September, companies reported results from 2,907 drillholes, which is<br \/>\nalmost twice more than in August (1,524 drillholes), and the highest number so<br \/>\nfar in 2019&nbsp;<em>(Figure 2<\/em>). Amount of reported drillholes was up in all<br \/>\nmajor regions except Africa and surged by a staggering 139% in Canada and by<br \/>\n132% in Australia.<\/p>\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.mining.com\/wp-content\/uploads\/2019\/12\/2.png\" alt=\"\" class=\"wp-image-1009046\" srcset=\"https:\/\/www.mining.com\/wp-content\/uploads\/2019\/12\/2.png 942w, https:\/\/www.mining.com\/wp-content\/uploads\/2019\/12\/2-300x198.png 300w, https:\/\/www.mining.com\/wp-content\/uploads\/2019\/12\/2-768x508.png 768w\" sizes=\"(max-width: 942px) 100vw, 942px\" \/><figcaption>Figure 2. Number of gold drillholes reported by region, January \u2013 September 2019. Source: Mining Intelligence<\/figcaption><\/figure>\n<p>Weight of early and advanced exploration projects in their total count decreased<br \/>\nfrom 71% in August to 67% in September <em>(Figure<br \/>\n3)<\/em>.<\/p>\n<p>The number of greenfield exploration projects drilled reported in September<br \/>\nwas 35, which is 84% more than in August, and the second highest number since<br \/>\nthe beginning of 2019.<\/p>\n<p>While still being prudent when allocating budgets to exploration<br \/>\ncampaigns, companies were willing to take more early-stage exploration risks.<\/p>\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.mining.com\/wp-content\/uploads\/2019\/12\/3.png\" alt=\"\" class=\"wp-image-1009047\" srcset=\"https:\/\/www.mining.com\/wp-content\/uploads\/2019\/12\/3.png 949w, https:\/\/www.mining.com\/wp-content\/uploads\/2019\/12\/3-300x183.png 300w, https:\/\/www.mining.com\/wp-content\/uploads\/2019\/12\/3-768x469.png 768w\" sizes=\"(max-width: 949px) 100vw, 949px\" \/><figcaption>Figure 3. Development status of reported drilled projects, January-September 2019. Source: Mining Intelligence<\/figcaption><\/figure>\n<p>As for the drill intersections grades, there was an increase in grades<br \/>\ngreater than 2 g\/t that have risen from 23% (1,639 out of 7,197 intersections)<br \/>\nin August to 40% of their total count (3,507 out of 8,718) in September 2019 <em>(Figure 4)<\/em>. <\/p>\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.mining.com\/wp-content\/uploads\/2019\/12\/4.png\" alt=\"\" class=\"wp-image-1009048\" srcset=\"https:\/\/www.mining.com\/wp-content\/uploads\/2019\/12\/4.png 1009w, https:\/\/www.mining.com\/wp-content\/uploads\/2019\/12\/4-300x181.png 300w, https:\/\/www.mining.com\/wp-content\/uploads\/2019\/12\/4-768x464.png 768w\" sizes=\"(max-width: 1009px) 100vw, 1009px\" \/><figcaption>Figure 4. Reported gold drill intersections, January-September 2019. Source: Mining Intelligence<\/figcaption><\/figure>\n<p>Seven overall and first six highest-grade gold intersects reported in September<br \/>\n2019, belong to projects located in Canada, which is a remarkable fact saying a<br \/>\nlot about quality of gold deposits local explorers and miners are currently<br \/>\nfocusing on.<\/p>\n<h2>Top ten gold intersections \u2013 September 2019, in gram-meter<\/h2>\n<table class=\"wp-block-table\">\n<tbody>\n<tr>\n<td>\n  &nbsp;<br \/>\n  Rank\n  <\/td>\n<td>\n  &nbsp;<br \/>\n  Project\n  <\/td>\n<td>\n  &nbsp;<br \/>\n  Country\n  <\/td>\n<td>\n  &nbsp;<br \/>\n  Owner\n  <\/td>\n<td>\n  &nbsp;<br \/>\n  Status\n  <\/td>\n<td>\n  &nbsp;<br \/>\n  Width, m\n  <\/td>\n<td>\n  &nbsp;<br \/>\n  Grade, g\/t\n  <\/td>\n<td>\n  Grade x Width, gram-meter\n  <\/td>\n<\/tr>\n<tr>\n<td>\n  1\n  <\/td>\n<td>\n  Lamaque\n  <\/td>\n<td>\n  Canada\n  <\/td>\n<td>\n  Eldorado Gold\n  <\/td>\n<td>\n  Production\n  <\/td>\n<td>\n  85.8\n  <\/td>\n<td>\n  21.8\n  <\/td>\n<td>\n  1,870\n  <\/td>\n<\/tr>\n<tr>\n<td>\n  2\n  <\/td>\n<td>\n  Island\n  <\/td>\n<td>\n  Canada\n  <\/td>\n<td>\n  Alamos Gold\n  <\/td>\n<td>\n  Production\n  <\/td>\n<td>\n  17.3\n  <\/td>\n<td>\n  63.9\n  <\/td>\n<td>\n  1,105\n  <\/td>\n<\/tr>\n<tr>\n<td>\n  3\n  <\/td>\n<td>\n  Windfall Lake\n  <\/td>\n<td>\n  Canada\n  <\/td>\n<td>\n  Osisko Mining\n  <\/td>\n<td>\n  PEA\n  <\/td>\n<td>\n  12.7\n  <\/td>\n<td>\n  72.3\n  <\/td>\n<td>\n  918\n  <\/td>\n<\/tr>\n<tr>\n<td>\n  4\n  <\/td>\n<td>\n  Scadding\n  <\/td>\n<td>\n  Canada\n  <\/td>\n<td>\n  MacDonald Mines\n  <\/td>\n<td>\n  Advanced Exploration\n  <\/td>\n<td>\n  4\n  <\/td>\n<td>\n  210.2\n  <\/td>\n<td>\n  841\n  <\/td>\n<\/tr>\n<tr>\n<td>\n  5\n  <\/td>\n<td>\n  Canadian Malartic\n  <\/td>\n<td>\n  Canada\n  <\/td>\n<td>\n  Yamana \/ Agnico Eagle\n  <\/td>\n<td>\n  Production\n  <\/td>\n<td>\n  149\n  <\/td>\n<td>\n  5.5\n  <\/td>\n<td>\n  820\n  <\/td>\n<\/tr>\n<tr>\n<td>\n  6\n  <\/td>\n<td>\n  Saddle North\n  <\/td>\n<td>\n  Canada\n  <\/td>\n<td>\n  GT Gold\n  <\/td>\n<td>\n  Advanced Exploration\n  <\/td>\n<td>\n  1,206\n  <\/td>\n<td>\n  0.6\n  <\/td>\n<td>\n  724\n  <\/td>\n<\/tr>\n<tr>\n<td>\n  7\n  <\/td>\n<td>\n  Haile\n  <\/td>\n<td>\n  United States\n  <\/td>\n<td>\n  Oceanagold\n  <\/td>\n<td>\n  Production\n  <\/td>\n<td>\n  2.5\n  <\/td>\n<td>\n  286.1\n  <\/td>\n<td>\n  715\n  <\/td>\n<\/tr>\n<tr>\n<td>\n  8\n  <\/td>\n<td>\n  Treaty Creek\n  <\/td>\n<td>\n  Canada\n  <\/td>\n<td>\n  Tudor Gold\n  <\/td>\n<td>\n  Advanced Exploration\n  <\/td>\n<td>\n  1,081.5\n  <\/td>\n<td>\n  0.6\n  <\/td>\n<td>\n  649\n  <\/td>\n<\/tr>\n<tr>\n<td>\n  9\n  <\/td>\n<td>\n  Fortnum \/ Grosvenor\n  <\/td>\n<td>\n  Australia\n  <\/td>\n<td>\n  Westgold Resources\n  <\/td>\n<td>\n  Production\n  <\/td>\n<td>\n  75\n  <\/td>\n<td>\n  8.1\n  <\/td>\n<td>\n  608\n  <\/td>\n<\/tr>\n<tr>\n<td>\n  10\n  <\/td>\n<td>\n  Los Filos\n  <\/td>\n<td>\n  Mexico\n  <\/td>\n<td>\n  Leagold Mining\n  <\/td>\n<td>\n  Production\n  <\/td>\n<td>\n  31.7\n  <\/td>\n<td>\n  16.9\n  <\/td>\n<td>\n  534\n  <\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><em>Grade width is calculated at width at the drill<br \/>\ninterception (in metres) multiplied by the grade (in grams of gold per tonne).<br \/>\nWhere multiple high-grade intersections were reported for an individual<br \/>\nproject, only the best interval has been considered.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The following is the analysis of monthly gold exploration trends from January to September 2019.<\/p>\n","protected":false},"author":5,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center 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