Morning Briefing: Collective Mining Extends Ramp Zone with New Drill Results
Good morning and welcome back to the Mining Stock Daily morning briefing. I’m your host, Trevor Hall
It's Wednesday, December 3rd.
Gold and silver calmed yesterday, with a healthy pullback after multiple days moving higher. But it appears to be short lived, as gold is up over a half percent this morning to $4,250 an ounce and silver is managing to sneak away with another new high at 59.48 an ounce. Another metal in focus recently is the cult classic of tin. BMI just raised their 2026 price forecast for the metal to $35,000 a tonne as continued supply issues keep markets on edge in the face of steady demand from the semiconductor industry. The group forecasts that a thin pipeline of mining projects will tighten the tin concentrate market, leading to increased competition among smelters and constrained ore feed for refined output growth
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 assay results for three orthogonal diamond drill holes designed to continue expanding the high-grade Ramp Zone along strike northwards and depth. The Ramp Zone is located at the bottom of the Apollo system ("Apollo") beginning at approximately 1,000 meters above sea level. Hole APC143-D1: The deepest and northeastern most hole drilled into the Ramp Zone to date, intersected 23.35 meters @ 8.24 g/t gold and 8 g/t silver within a broader interval of 76.10 meters @ 3.26 g/t gold and 4 g/t silver from 409.60 meters downhole. This intercept has expanded the Ramp Zone's dimensions beginning approximately 1,000 meters above sea level to 300 meters of strike by 270 meters vertical. Hole 140-D2 returned 55m of 3 g/t Au and 7 g/t Ag. Two additional drill holes into the Ramp Zone (APC143-D2 and APC143-D3) have collectively intersected 18 sightings of visible gold. Those assays are pending. (NYSE: CNL) (TSX: CNL) News Release
Onyx Gold has discovered a new zone of near-surface gold mineralization 250m southwest of the Argus North Zone on the Munro-Croesus Project in Ontario. The step-out holes from Argus West were completed along the newly prioritized Argus Fault. This northeast-southwest-trending, moderately to steeply northwest-dipping structure is emerging as an important control on gold mineralization. Results reported today included 21.2 m of 2.1 g/t Au, 26.2m of 1.2 g/t and 38m of .5 g/t. The Company has completed 85 drill holes to date, totalling >29,000 m as part of its 75,000 m Phase I/II/III drill program. Assays have been announced for 41 holes. (TSXV: ONYX) (OTCQX: ONXGF) News Release
Q2 Metals has published the results for the wide interval of drilling previously mentioned this week. Hole 44 from the Cisco Lithium project in Quebec did return 457.4m of 1.65% Li2O and another 36.9m of 1.65%. It is the widest continuous spodumene pegmatite interval drilled by Q2 to date. Infill drilling for incorporation into the initial Mineral Resource Estimate on the Cisco Lithium Project, which expected in Q1 2026, will be completed in the coming weeks. The four (4) drill rigs currently operating on the Cisco Lithium Project will pause mid-December and resume in early January. (TSX.V: QTWO | OTCQB: QUEXF) News Release
Cassiar Gold shared results from nine initial diamond drill holes of the 2025 exploration program at the Taurus Deposit, which is located within the Cassiar Gold Project, in northern British Columbia. Results from these drill holes demonstrate potential for ongoing expansion of near-surface mineralization along key structural trends and increase the population of high-grade, visible gold-bearing veins at the deposit. Highlights included 13.4m of 13.5 g/t Au with a short interval of .8m of 210.71 g/t, 21.9m of 2.81 g/t Au and 2m of 7.56 g/t Au. The 2025 drill program comprised 7,308 meters (m) over 20 drill holes and concluded in early October. Results are pending for 5,243 m of drilling over 11 drill holes from the Newcoast regional prospect which lies 2 kilometers (km) to the south. (TSXV: GLDC) (OTCQX: CGLCF) News Release
Australia’s Predictive Discovery has received a superior merger agreement from Perseus Mining. Predictive is in the middle of another merger process with Robex. The Perseus proposal would offer A$.778 per shares it doesn’t already own. Thats a 24.5% premium. Robex appears to be studying their options in this case. They do have a matching right. This bidding war centers on the Bankan asset in Guinea, which holds a significant mineral resource of 5.5 million ounces, qualifying it as a Tier 1 asset expected to begin production by the end of the decade. Predictive Discovery trades on the ASX with PDI.
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That’s it for today everyone. Have a great day. Stay safe.
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