Morning Briefing: A Fresh Round of New Discoveries in the News Today
Good morning and welcome back to the Mining Stock Daily morning briefing. I’m your host, Trevor Hall.
It's Wednesday, January 21st.
Another day and another new high in precious metals. Gold soared more than 3.7% yesterday, closing its session near its highs. When the market re-opened for today’s session, it picked up right where it left off, adding another 2% as we record. The front month contract for gold is currently trading at $4,867/oz. Silver made a new high yesterday but is not participating in the big run as gold is. Its front month contract is down a half a percent. Gold premiums in India ran past $100 an ounce today for the first time in more than a decade. Silver prices in the country are also rising. India is a major buyer of physical gold as it is steeped in tradition, but the buyers are pricing in possible curbs on precious metal imports to shore up the local rupee currency. In other news, Denmark announced it would sell $100 million in US treasuries due to policies of President Trump creating credit risks too big to ignore. It's a drop in the bucket in the grand scheme of things, but analysts do question any potential follow-through from other European countries. Collectively, Europe holds nearly 40% of foreign US treasuries.
We’ll get to the news from the miners and explorers here in a moment, but first a quick word about today’s sponsor.
This episode of Mining Stock Daily is brought to you by… Equinox gold.
Equinox has recently completed the business combination with Calibre Mining to create an Americas-focused diversified gold producer with a portfolio of mines in five countries, anchored by two high-profile, long-life Canadian gold mines, Greenstone and Valentine. Learn more about the business and its operations at equinoxgold.com
And here’s what you need to know this morning…..
Collective Mining announced new assay results from four diamond drill holes targeting the high-grade, outcropping tungsten-rich zone at the summit of the Apollo system on the Guayabales Project in Colombia. The results were highlighted with 111.15 metres @ 5.48 g/t gold equivalent (4.63 g/t gold, 0.17% WO3, 14 g/t silver and 0.11% copper) from 2.00 metres including a high-grade subzone of 10.85 metres @ 41.45 g/t gold equivalent. Another hole returned 113.65 metres @ 2.66 g/t gold equivalent (1.28 g/t gold, 0.22% WO3, 25 g/t silver and 0.15% copper) from 4.60 metres including 55.40 metres @ 4.72 g/t gold equivalent. Drilling to date has delineated continuous mineralization from surface to depths exceeding 1,400 vertical metres, where the high-grade Ramp Zone remains open for further expansion. (NYSE: CNL) (TSX: CNL) News Release
Newcore Gold reported additional drill results from the company’s Enchi Gold Project in Gold. More deep drilling at the Boin deposit returned high-grade mineralization, including 147.5 g/t Au over 1m from a depth of 310m and 173.75 g/t Au over 1 m from a depth of 264m. Other results were reported from the upper portions of Boin, including 3.22 g/t over 17m and 1.26 g/t over 16m. All deposits at Enchi, including Boin, remain open for further expansion to depth. (TSX-V: NCAU, OTCQX: NCAUF) News Release
Kenorland Minerals and Targa Exploration have made a new grassroots discovery at the Opinaca Project in the James Bay region of Quebec. The discovery holes returned 3.65m at 13.88 g/t Au, including 0.30m at 166.14 g/t Au with +10 specs of visible gold in hole 7. HOle 6 returned 4.79m at 2.39 g/t Au, including 0.70m at 14.80 g/t Au. The company says the mineralisation style is analogous to the regionally significant, intrusion-related, Cheechoo gold deposit. The 2025 fall drill program represents the first-ever drilling at the Project, following two years of systematic exploration. Prior to this program, no historical drilling or documented gold occurrences had been reported within the target area. Kenorland is the current operator and holds a 3% net smelter return royalty on the Project, which is 100% owned by Targa Exploration Corp. (TSXV: KLD) (OTCQX: KLDCF) News Release
Thesis Gold reported new assays from the Steve Zone, which is part of the Lawyers-Ranch gold-silver Project located in the prolific Toodoggone Mining District of British Columbia. The 2025 exploration program at Steve was designed to test zones interpreted to potentially host high-grade gold (Au) mineralization that was not included in the current Mineral Resource Estimate or the Pre-feasibility Study (PFS) economic model. Results reported today included 77.00 m core length of 1.86 g/t Au, including 38m of 3.62 g/t. Results show that very high-grade gold occurs within broad zones of continuous mineralization, consistent with earlier drilling. (TSXV: TAU) (OTCQX: THSGF) News Release
Bonterra Resources provided details of its 2026 exploration program at the Phoenix JV with their partners Gold Fields. Gold Fields is preparing an 8,000 m drill program and has mobilized two drill rigs at the Barry deep drilling target early in the new year. The 2026 exploration program will test targets located to the north and east of the Barry deposit and will include deep drilling to evaluate the down-plunge extension of the mineralization at depth from approximately 750 to 850 m vertical depth, as well as the eastern down-plunge extension. Final target selection will be subject to internal review and prioritization. The 2026 budget is approximately C$4 million, and Gold Fields expects to complete the full C$30 million earn-in work expenditures under the JV Agreement by mid-2026. (TSXV: BTR) (OTCQX: BONXF) News Release
Valkea Resources has added a couple strategic appointments to its leadership and technical team. The company appointed Thomas Credland as President, Marc Turcotte as Director, and Dr. Charlotte Seabrook as Technical Advisor, effective immediately, as the Company advances its portfolio of high-quality gold exploration assets in Finland's Central Lapland Gold Belt. (TSXV: OZ) (OTCQB: OZBKF) News Release
Argenta Silver reported initial assay results form its summer drill campaign on the El Quevar Project in Salta Province of ARgentina. These results confirm significant high-grade silver intervals within the Yaxtché Deposit, highlighted by 246 g/t Ag over 20.00 meters, including 427 g/t Ag over 6.00 meters. Furthermore, the Company has identified a gold-copper mineralized zone at the newly discovered Carmen exploration target, headlined by an intercept of 0.57 g/t Au and 0.58% Cu over 44.00 meters. This discovery could potentially identify a separate gold-copper system that remains open in multiple directions. (TSXV: AGAG) (OTCQX: AGAGF) News Release
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That’s it for today everyone. Have a great day. Stay safe.
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