Morning Briefing: Arras Minerals Drills 935.9 metres grading 0.71% CuEq at Berezski
Good morning and welcome back to the Mining Stock Daily morning briefing. I am Trevor Hall.
It's Tuesday, June 9.
Gold continues to hold flat — sitting at $4,361 an ounce, essentially unchanged on the week. Silver is also little moved, trading at $68.65. Copper has steadied near $6.30 a pound after facing some pressure in recent sessions.
The copper story this morning is about China's demand signal. May export data out of Beijing came in well above expectations — Chinese exports jumped 19.4% year-over-year to a record $376.8 billion, driven primarily by surging demand for AI technology hardware and renewable energy products. For copper, which sits at the centre of both of those supply chains, the read-through is constructive: this isn't a one-off bump, it's a structural story about where the build-out of the global energy and digital transition is accelerating. The data landed while copper was already under pressure from macro noise elsewhere, and it helped stabilize the price — which is the key distinction. The market was looking for reasons to sell, and the China data gave it a reason to hold.
Looking ahead, all eyes now turn to tomorrow's U.S. inflation print. The April CPI miss spooked equity markets and gave the Fed cover to stay on hold longer than expected, and another hot print tomorrow would put further pressure on the rate-cut timeline — and on gold's near-term ceiling.
We’ll get to the news from the miners and explorers in just a moment, but first a word about today’s sponsor.
This episode of Mining Stock Daily is brought to you by…Vizsla Silver.
Vizsla Silver is advancing the Panuco silver-gold project in Sinaloa, Mexico — one of the highest-grade undeveloped silver projects in the world. The project hosts a large near-surface resource with exceptional grades, and the company recently secured a working capital facility with FIFOMI, the Mexican government's mining finance institution, in support of Panuco's development. Learn more at vizslasilver.ca.
Here’s what you need to know today.
Arras Minerals has delivered what may be the most significant drill result in the company's history at the Berezski North target in Kazakhstan, with hole EL26032 intersecting 935.9 metres grading 0.71% copper equivalent from surface — including 214.9 metres grading 1.42% copper equivalent from 162.1 metres and a high-grade breccia core returning 4.41% copper equivalent over 55 metres. The hole was terminated in mineralization. Arras currently has four drill rigs turning on the broader Berezski Trend as part of a 30,000-metre 2026 program (TSXV: ARK, OTCQB: ARRKF). News Release
Scorpio Gold has announced its highest-grade caldera volcanic intercept yet at the Goldwedge target in the Manhattan District Project in Nevada, with hole 26MN-091 returning 6.95 grams per tonne gold over 11.98 metres from 242.99 metres depth, including visible gold noted within a 65.99 grams per tonne sub-interval over 1.16 metres. The company describes this result as a proof-of-concept confirmation that Round Mountain-style mineralization exists within the Manhattan Caldera, and says it opens approximately 5 square kilometres of previously discounted caldera volcanics for high-priority follow-up. (TSXV: SGN, OTCQB: SRCRF). News Release
Cambria Gold Mines has released the first results from underground infill drilling at the Prew Zone of its Premier Gold Project in northwestern British Columbia, and the grades are exceptional. Hole P26U-0003 returned 19.82 grams per tonne gold over 5.0 metres, including 45.88 grams per tonne over 2.0 metres; hole P26U-0011 hit 483.0 grams per tonne gold over 1.0 metre within a broader interval of 7.24 grams per tonne over 9.0 metres. The program is a 27,000-metre closely-spaced delineation campaign on average 12.5-metre centres, designed specifically to support development planning at Premier, with two underground and one surface drill currently active (TSXV: CAMB, OTC: AOTVF). News Release
Trilogy Metals has announced the commencement of its 2026 summer field program at the Upper Kobuk Mineral Projects in northwestern Alaska, with field crews now mobilized and seasonal operations underway. The fully financed program — part of Ambler Metals' $35 million 2026 budget — is targeting 40 to 45 drill holes at the Arctic deposit for a minimum of 5,650 metres, with a focus on geotechnical and hydrogeological drilling to underpin mine design and support the federal permitting process. The program will also re-establish the exploration camp at the Bornite deposit, setting up a ramp-up in activity at that target in 2027. Trilogy holds a 50% interest in Ambler Metals alongside South32 (TSX/NYSE American: TMQ). News Release
Osisko Metals has announced initial results from its 2026 drill program at the Gaspé Copper Project in the Gaspé Peninsula of eastern Québec, highlighted by an 80-metre intercept averaging 1.93% copper. The result is among the highest-grade intervals reported to date from the Gaspé Copper system — a large-scale past-producing deposit that Osisko acquired from Glencore Canada and is advancing toward a development decision. Five drill rigs are currently active at Gaspé, with two additional rigs expected to commence work this month (TSX: OM, OTCQX: OMZNF). News Release
Orosur Mining has announced the discovery of new mineralized zones at the APTA prospect within its Anzá Project in Colombia, with hole MAP-106A returning 229.7 metres grading 0.88 grams per tonne gold — including a 59.2-metre interval at 2.15 grams per tonne and a high-grade hit of 7.65 metres at 7.07 grams per tonne. The results have substantially expanded the prospectivity of APTA, with the company now identifying three distinct follow-up targets: a deeper high-grade zone traced over more than a kilometre of strike, a previously unrecognized shallow bulk-tonnage system beneath transported cover, and a hanging-wall vein amenable to potential exploitation (TSX-V: OMI, OTC: OROXF). News Release
Eldorado Gold has announced the production of first copper concentrate at the McIlvenna Bay Project in east-central Saskatchewan, with initial concentrate generated on June 7 following the completion of wet commissioning and the commencement of hot commissioning of the processing plant. The operation is now ramping up toward nameplate capacity of 4,900 tonnes per day, with commercial production targeted for Q3 2026 (TSX: ELD, NYSE: EGO). News Release
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That's it for today everyone. Have a great day. Stay safe.
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