Morning Briefing: American Pacific Drill Results Extend Known Mineralization at Madison

Good morning and welcome back to the Mining Stock Daily morning briefing.

It's Thursday, November 5th.

Gold is extending its gains this morning, up another one and a half percent to $4,121 an ounce, continuing the momentum from Wednesday's sharp move above $4,000 on the back of election results and a weaker dollar. Silver is holding its advance, up seven tenths of a percent to $52.63 an ounce. Copper is easing slightly, off a third of a percent to $6.38 a pound.

Paraguay's central bank chief resigned at President Santiago Pena's request Monday as authorities moved against digital lender Ueno, one of the country's largest digital banks with roughly 3 million customers and $850 million in public funds at risk. The crisis centers on allegations of excessive lending to companies tied to Ueno's ownership group, Grupo Vazquez, with eight arrests ordered and a criminal investigation underway. President Pena was himself a business partner of that ownership group until March 2025, complicating the official response. Paraguay's sovereign bonds came under pressure.

Ueno is not alone. At the end of October, Binance suspended all deposits and withdrawals after $6.3 billion was stolen via a compromised engineer's laptop, the largest crypto heist on record. TRM blockchain intelligence attributed the attack to North Korea's Lazarus Group with high confidence. Binance froze roughly $3 billion of the stolen funds, and Bitcoin fell five percent to below $77,000.

 We will get to the news from the miners and explorers in a moment, but first a mention of today's sponsor: 

Today's episode of Mining Stock Daily is brought to you by…Revival Gold.

Revival Gold is one of the largest pure gold mine developer operating in the United States. The Company is advancing the Mercur Gold Project in Utah and mine permitting preparations and ongoing exploration at the Beartrack-Arnett Gold Project located in Idaho. Revival Gold is listed on the TSX Venture Exchange under the ticker symbol “RVG” and trades on the OTCQX Market under the ticker symbol “RVLGF”. Learn more about the company at revival-dash-gold.com

Here's what you need to know today.

American Pacific Mining has reported exploration results from four holes testing new targets at the Madison Copper-Gold Project in southwest Montana, with three of the four returning gold mineralization in areas up to approximately 800 metres from the historical Madison Mine workings. Hole M26RC-01 returned 9.2 metres at 3.74 grams per tonne gold from 166 metres, including 4.6 metres at 7.02 grams per tonne. Hole M26RC-03 hit near-surface gold of 3.0 metres at 4.53 grams per tonne from just 15 metres depth. Hole M26RC-02 returned 15.2 metres at 1.03 grams per tonne. These holes tested areas separate from the high-grade massive sulfide zone, where previous drilling returned 30.8 metres at 7.40 grams per tonne gold. Additional assays from the 2026 program remain pending. American Pacific Mining trades on the Canadian Securities Exchange as USGD and on the OTCQX as USGDF. NEWS RELEASE

Sierra Madre Gold and Silver has commenced a 30,000-metre exploration drill program in the East District of the La Guitarra project in the State of Mexico. The company received an East District exploration drilling permit in July 2026, and this program represents its largest commitment to exploration in that corridor. La Guitarra is a producing silver-gold complex that includes the Guitarra and Nazareno underground mines, with the processing plant now running at up to 720 tonnes per day. The East District program targets ground adjacent to the producing mines and is designed to test district-scale potential beyond the current mine plans. Sierra Madre Gold and Silver trades on the TSX Venture Exchange as SM. NEWS RELEASE

FireFox Gold has released results from four drill holes at its Mustajärvi Gold Project in Lapland, Finland, with the headline intercept at the Gabbro Target extending the known gold footprint along the Mustajärvi Shear Zone to more than 2.5 kilometres. Hole 26MJ057 returned 6.15 metres at 4.10 grams per tonne gold from 224 metres depth, including 1.05 metres at 14.65 grams per tonne. The Gabbro Target lies to the west of the main gold lodes and had seen limited previous drilling. FireFox Gold trades on the TSX Venture Exchange as FFOX and on the OTCQB as FFOXF. NEWS RELEASE

Andina Copper has released results from drill hole CDH014 at the Cobrasco porphyry copper-molybdenum discovery in Choco, Colombia, confirming the extension of high-grade near-surface copper mineralization approximately 350 metres to the northwest of previous drilling. The hole returned 212 metres at 0.50% copper from 52 metres depth, including 76 metres at 1.00% copper and a highest-grade interval of 32 metres at 1.48% copper from 60 metres, with individual 2-metre samples returning up to 2.59% copper. CDH014 was drilled from the same pad as the previous hole, CDH013, to test lateral and vertical continuity. Cobrasco has now seen 14 holes and approximately 11,000 metres of drilling, outlining a footprint of copper mineralization roughly 1,300 metres by 550 to 700 metres that remains open in multiple directions. A second drill rig is expected to mobilize this quarter to accelerate expansion. Andina Copper trades on the TSX Venture Exchange as ANDC and on the OTCQB as PMMCF. NEWS RELEASE

Brixton Metals has released initial scoping-level metallurgical results from three composite types at the Camp Creek system within the Thorn Project in northwest British Columbia, with all three returning strong gold and copper recoveries through conventional gravity and rougher flotation. The porphyry composite returned 97.2% copper rougher recovery and 88.8% overall gold recovery. The Oban Breccia composite, with a head grade of 1,280 grams per tonne silver, returned 97.3% copper rougher recovery and 93.1% overall gold recovery, with a rougher concentrate grading nearly 10 grams per tonne gold and nearly 3,000 grams per tonne silver. The near-surface high-sulphidation veins composite returned 96.9% overall gold recovery, with 6% of the gold reporting to a gravity concentrate grading 279 grams per tonne. Together with metallurgical work at the Trapper Gold Target reported last month, these results will feed a maiden Mineral Resource Estimate for Camp Creek targeted for the first quarter of 2027. Brixton Metals trades on the TSX Venture Exchange as BBB and on the OTCQX as BBBXF. NEWS RELEASE

Sitka Gold has released drill results from the Contact Zone at the RC Gold Project in Yukon, with the standout hole returning 74.8 metres at 1.31 grams per tonne gold from surface, including 41.7 metres at 2.20 grams per tonne and a high-grade core of 1.2 metres at 53.10 grams per tonne. The result comes from the company's 60,000-metre drill program completed in late October, which also returned 236 metres at 1.15 grams per tonne gold at the Saddle Zone and 141.5 metres at 1.93 grams per tonne at the Blackjack Zone. Sitka Gold trades on the TSX Venture Exchange as SIG and on the OTCQX as SITKF. NEWS RELEASE

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That's it for today everyone. Have a great day. Stay safe.