Resource News

Searchlight Resources Inc is a Canadian mineral exploration and development company focused in Saskatchewan, Canada. Its exploration focus is on gold, uranium and battery minerals throughout the Province. It also holds an interest in Kulyk Lake South; Bootleg Lake Gold Property, Robinson Creek; Wapawekka Lake Greenstone Belt, Munro Warden Copper Nickel Cobalt Property, Cameron Cobalt Property, Duddridge Lake Property, Flin Flon North Project, and English Bay Property in Canada.

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Rule Symposium 2022: Fed Can’t Fight Inflation and Recession at Same Time

Concerns about inflation and recession were in focus at the annual Rule Symposium on Natural Resource Investing, which was held in Boca Raton, Florida, from July 26 to 29.

The last week of July saw market experts, investors and company executives descend on Boca Raton, Florida, for the Rule Symposium, hosted by veteran investor and speculator Rick Rule.

The four day event, which ran from July 26 to 29, featured numerous panels, presentations and discussions about the current commodities cycle and what is driving the equity markets.

There was also rigorous discourse regarding the mode, drivers and factors causing inflation, as well as how central banks like the US Federal Reserve are responding with interest rate increases.

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Is Gold a Buy? Jim Cramer Says Timing Looks "Perfect"

According to "Mad Money" host Jim Cramer, the charts indicate that now could be an ideal time to buy into the yellow metal.

As volatility reigns supreme across equity markets, many analysts are saying that gold’s fall below US$1,800 per ounce means it’s a good time to buy before the price goes up.

Gold's dip under that threshold began at the beginning of July, and is the first time the yellow metal has slipped below and held at that level since late 2021. The decline comes after gold breached US$2,000 in early March.

Many market participants remain resolute that it’s only a matter of time before gold regains its lost momentum, and that sentiment was echoed on Wednesday (August 3) by well-known TV personality Jim Cramer during the "Off the Charts" segment of his “Mad Money” investing show on CNBC.

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Types of Gold Deposits in Australia

Gold deposits in Australia could benefit investors and exploration companies with the second gold rush in the Victorian Goldfields currently happening.

As the second largest gold-producing country in the world, Australia also boasts the largest gold mine reserves. In order to make more strategic decisions, investors will stand to benefit from understanding Australia's distinctive geography, specifically the types of gold deposits found in the country.

Australia has a rich history in mining. One of the biggest gold rushes took place in New South Wales, Australia in 1851, which later extended to the province of Victoria. Today, Victoria and its successful gold mines stand as some of the highest-yielding and high-grade resources. Victoria’s 13 goldfields have each produced over one million ounces of gold, most of which were from the world-class Fosterville deposit, Ballarat, Costerfield and Stawell.

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Aben Resources Closes Private Placement

Aben Resources Ltd. is pleased to announce it has closed a non-brokered private placement financing for total gross proceeds of CAD $211,500.

Aben Resources Ltd.(TSX-V: ABN)(OTCQB: ABNAF) (Frankfurt: E2L2) ("Aben" or "the Company") is pleased to announce it has closed a non-brokered private placement financing for total gross proceeds of CAD $211,500 (the "Placement").

The Company has allotted and issued 6,042,857 units (the "Units") at a price of CAD $0.035 per Unit. Each Unit is comprised of one common share and one transferable warrant (the "Warrants"). Each Warrant will entitle the holder to purchase one additional common share for a period of two (2) years at a price of CAD $0.05 per share.

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