Morning Briefing: Collective Mining Discovers a New Silver-Copper Rich Zone at Apollo
Good morning and welcome back to the Mining Stock Daily morning briefing. I’m Trevor Hall.
It's Wednesday, June 25th.
Precious Metals took the elevator down yesterday following the so-called cease fire agreement out of the middle east which many are curious as to who actually agreed. Despite climbing a bit from its lows, gold closed down 1.8% yesterday, settling at $3,333/oz. That was a sixty dollar loss. Silver lost $.45 and closed at $35.73 an ounce. What was interesting about these big moves lower in the metals was the red day in the dollar. We would typically equate a move higher in the DXY to justify down days in precious metals. Federal Reserve Chair Jerome Powell said that tariffs could raise inflation this summer. The comments were made in his testimony in Washington yesterday. Markets are pricing in a slight expectation of a rate cut in July.
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…..
Collective Mining shared more assay results last night from five directional diamond drill holes from its ongoing drilling program designed to discover and outline high-grade sub-zones within the bulk tonnage Au-Ag-Cu-W Apollo system within the Guayabales Project in Colombia. Holes APC107-D4 and APC107-D5 were drilled at the southern margin of the Apollo system and discovered a new high-grade sub-zone rich in copper and silver. Those results were 159m of 3 g/t AuEq and 114m of 4.14 g/t AuEq. Another hole targeting the known HZ1, returned 123.75m of 3 g/t AuEq while another hole used to infill a gap in the block model returned 353.5m of 1.94 g/t AuEq. The company noted that there is a significant backlog of drill holes are in the lab with results expected to be released consistently for the remainder of the year. (NYSE: CNL) (TSX: CNL) News Release
Kenorland Minerals has entered into a definitive agreement with Thompson Creek Metals Company Inc., a subsidiary of Centerra Gold, to grant the right to acquire up to a 70% interest in the Flora, Western Wabigoon and Algoman Projects in Northern Ontario. Pursuant to the Agreement, Centerra would have the option to acquire an initial 51% interest in the Projects by incurring an aggregate of C$10,000,000 in qualifying exploration expenditures within three years of the Agreement, including C$3,500,000 within the first year. The First Option requires the completion of at least 10,000 metres of diamond drilling during the earn-in period. Upon exercising the First Option, Centerra will hold an exclusive right to earn an additional 19% interest in the Projects, bringing its total interest to 70%, by completing a Preliminary Economic Assessment. Kenorland will act as the initial operator of the Projects during the First Option period. (TSXV: KLD) (OTCQX: KLDCF) News Release
Banyan Gold announced assay results from its 2025 diamond drill program from the Airstrip Deposit area, of the AurMac Project in Yukon. Select results included 38.1m of 3.95 g/t Au, 19.1m of .99 g/t Au and 28.3m of 1.31 g/t Au. The 2025 drill program will continue to trace this mineralization laterally and up-dip to delineate near-surface high-grade ounces as we advance towards a Preliminary Economic Assessment. To date, the 2025 drill program has completed 63 drill holes and 16,707 m with three drills on site. (TSX-V:BYN) (OTCQB:BYAGF) News Release
Awalé Resources reported assay results from the latest four diamond drill holes on the Company's Charger discovery on the Odienné Project in Côte d'Ivoire. The four step-back holes drilled 70 metres ("m") below previously reported high-grade intercepts confirm the extension of the mineralized system and reinforce the depth potential at Charger. Results here were 52m of 16.4 g/t Au, 33m of 5.2 g/t Au and 10m of 12 g/t Au. Additional drilling at Charger is now underway to test the down-plunge extent of the open mineralized system to 600 metres depth. (TSXV: ARIC) News Release
Arizona Sonoran Copper has exercised their rights to buy-down 0.64% of certain net smelter returns royalties on the Cactus Project. Total cash payments of US$8.91 million will be made to RG Royalties LLC, a subsidiary of Royal Gold Inc. (RLGD:NASDAQ) and Elemental Altus Royalties Corp. (ELE:TSXV), to reduce the aggregate percentage of the NSRs from 3.18% to a remaining 2.54% (collectively, the “Buy-downs”). The Buy-downs are expected to close on or about August 12th, 2025. The Buy-downs continue the Company’s royalty reduction strategy as it continues to optimize Project economics in advance of the Pre-Feasibility Study (“PFS”) scheduled for completion later this year. (TSX:ASCU | OTCQX:ASCUF) News Release
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That’s it for today everyone. Have a great day. Stay safe.
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