Morning Briefing: Borealis Mining Receives Positive News from Forest Service, Prepares for Full Mine Restart

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

It's Tuesday, October 21st.

The whipsaw in precious metals continues this morning. After taking back the losses yesterday, gold is back down almost 3% this morning to levels we saw this past Friday. The volatility continues in gold. Despite the much needed consolidation or cooling in gold, the equities are the ones which appear to be hardest hit victims. Silver futures are back below $50 an ounce this morning, currently trading at $48.92 an ounce. It appears the squeeze out of the London silver vaults might be exacerbated. In more critical-mineral news, both US President Donald Trump and Australian Prime Minister Anthony Albanese signed a deal at the White House yesterday to invest over $3B in joint critical minerals projects within six months. 

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… Vizsla Silver

Vizsla Silver is focused on becoming one of the world’s largest single-asset silver producers through the exploration and development of the 100% owned Panuco-Copala silver-gold district in Sinaloa, Mexico. The company consolidated this historic district in 2019 and has now completed over 375,000 meters of drilling. The company has the world's largest, undeveloped high-grade silver resource. Learn more at ⁠https://vizslasilvercorp.com/⁠

And here’s what you need to know this morning….. 

Borealis Mining says the US Forest Service has approved the company’s Minor Modification of the Borealis Plan of Operations. The Minor Modification allows for expanded mining activities in the Freedom Flats, Borealis, and Deep Ore/Polaris pits, the development of Waste Rock Facility 9, reconfiguration of existing waste facilities, construction of new haul and light vehicle roads, and relocation of key mine infrastructure including fuel storage, power lines, and process water routing. The modification adds approximately 68.3 acres of new disturbance. The Company is preparing for a full mine re-start in Q1 of 2026. Borealis anticipates contractor mobilization beginning in December and through to early January, with drill and blast activities beginning in early January. (TSXV: BOGO) (OTC Pink: BORMF) News Release

Cartier Resources published their third batch of results from the fully funded 100,000-m drilling program (2 drill rigs) for the Contact Sector and more precisely, the North Contact Zone (NCZ), on its 100%-owned Cadillac Project, located in Val-d’Or. Results today included 30.2 g/t Au over 2.5m, 27.1 g/t over 1m and 6.1 g/t au over 1m. These holes came from the NCZ3 zone. Over at the NCZ1 zone, drilling returned 11.7 g/t Au over .5m and 10.4 g/t over .5m. The mineralization has now been extended over 400 m in strike length by 300 m in depth, remains open in all directions, suggesting significant expansion potential. (TSXV: ECR) News Release

ATEX Resources published initial results from hole 25C, which is the first hole form the Phase VI drill campaign at the Valeriano Copper-Gold Project in the Atacama Region of Chile. The hole is an infill hole into the B2B Zone and intersected 164m of 2.72% CuEq, which included 40m of 4.73%. This happened within the broader interval of 528m of 1.32% CuEq. The results exceed the average grade estimated, within the area tested by ATXD25C, in the 2025 Mineral Resource estimate indicating the potential to increase the grade currently estimated in the B2B Zone. This breccia zone hosts the highest-grade mineralization encountered in the B2B Zone at Valeriano to date and the B2B target remains open in all directions. (TSXV: ATX) (OTCQB: ATXRF) News Release

GreenLight Metals announced more copper and gold results from its Phase 1 drilling program at the Bend Project in Wisconsin. Hole 4 found an increase in both grade and thickness of mineralization 45 meters down dip of the previously released hole 3. This hole returned 34.25m of 2.22 g/t Au, 1.35% Cu, 15.62 g/t Ag and 193.22 g/t Tellurium. There was a higher grade gold intersection int he main sulfide body of this hole with 6.1m of 7.41 g/t Au. Hole 5 extended mineralization eastward by 57m down plunge of hole 3 with a hit of 19.32m of .03 g/t Au, 0.78% Cu, 10.12 g/t Ag, 153.73 g/t Te. The phase 1 six Six-hole drilling program successfully completed on schedule, targeting eastern extensions of the known Bend deposit. Drilling confirms mineralization extends eastward along a ~36-42° plunge and remains open at depth and along trend. (TSXV: GRL) News Release

Banyan Gold says they have intersected high-grade gold at surface in the core of the Powerline Deposit at its AurMac Project in Yukon. Highlights from this morning’s release included 2.69 g/t Au over 11.8m within .65 g/t over 72.5m. There was also a 3.07 g/t Au hit over 3.6m and 16.68 g/t over 1.1m intersection. To date, the Company has drilled over 30,000m (130 holes) on AurMac this year, with current drill program ongoing. (TSXV:BYN)( OTCQB:BYAGF) News Release

Gold Hart Copper has launched a new geophysical survey at the Company's flagship Tolita gold copper molybdenum silver asset in the emerging Vicuña Copper-Gold District of Chile. The survey will allow the company to receive data at depth beyond the current anomaly to test whether the existing anomaly continues deeper. And while constructing new roads to access the recently acquired Nessa properties, the company also discovered additional historic mining pits with visible copper mineralization on surface. These pits and copper showings were not known to the Company nor were they included in any prior documentation regarding the assets. (TSXV: HART) News Release

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

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