Morning Briefing: Collective Publishes Maiden Resource for Apollo, Aldebaran Drill 513m of 1.06% CuEq

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

It's Wednesday, September 9th.

Gold is up 1.33% to $4,413 an ounce this morning, and silver is up 1.22% to $66.55. Copper is giving back some of yesterday's gains, off 0.86% to $6.68, while Brent crude has crossed the $100 a barrel threshold for the first time since July, up 2.55% to $100.41.

Brent's move above $100 is being driven by a combination of forces. US-Iran attacks have disrupted flows through the Strait of Hormuz, and a recovery in Chinese oil buying is adding demand-side fuel to the rally. Millions of barrels a day continue to cross the Strait, though largely on tankers operating with their transponders switched off.

In gold, some of the world's largest asset managers are reported to be rebuilding bullion positions after the metal's recent pullback, betting that the long-term structural case from geopolitical risk, central bank demand, and deficit spending remains intact even as the US Federal Reserve takes a more assertive tone on inflation.

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…Equinox Gold.

Equinox Gold is a senior gold producer with a portfolio of operating mines across Canada, the United States, Mexico and Brazil. The company completed its transformative combination with Orla Mining on July 31st, creating what the combined entity has called North America's new senior gold producer, and immediately increased full-year 2026 production guidance alongside a 50% increase to the quarterly dividend. Equinox Gold trades on the TSX and on the NYSE American both under the symbol EQX.

Here’s what you need to know today. 

Collective Mining has released a maiden Mineral Resource for the Apollo deposit at its Guayabales Project in Caldas, Colombia. The bulk-tonnage gold-silver-copper-tungsten deposit hosting 2.58 million ounces AuEq in the Indicated category at 37.0 million tonnes grading 2.17 grams per tonne AuEq, plus an additional 2.83 million ounces AuEq Inferred. The company's executive chairman called it the largest new mineral resource stage discovery in Colombia since the Buriticá deposit, with an environmental license application planned for the second half of 2027 and an aggressive ongoing drill program continuing to build on the resource. Collective Mining trades on the Nasdaq and the TSX both under the symbol CNL. NEWS RELEASE

K2 Gold has reported results from four additional holes at the Dragonfly Zone of its 100%-owned Mojave oxide gold project in California, with the best interval returning 27.43 metres at 4.08 grams per tonne gold, including 15.24 metres at 5.30 grams per tonne, from a pad stepped 40 metres west of the company's 2020 discovery hole. There was also 3.05-metre interval grading 17.55 grams per tonne gold in an adjacent drill hole. Results continue to confirm multiple stacked, high-grade oxide gold structures open in all directions, with 8 more Dragonfly holes and 8 holes from the Newmont target at the south end of the 6.5-kilometre Eastside Gold Trend pending. K2 Gold trades on the TSX Venture Exchange as KTO and on the OTCQX as KTGDF. NEWS RELEASE

Aldebaran Resources has reported a drill hole at its Altar copper-gold porphyry project in San Juan Province, Argentina, returning 513 metres at 1.06% copper equivalent within a broader 1,257-metre intersection grading 0.66% copper equivalent. Other results this morning included 1,323m of .5% CuEq and 1,354m of .41% CuEq. Aldebaran Resources trades on the TSX Venture Exchange as ALDE and on the OTCQX as ADBRF. NEWS RELEASE

District Metals has completed its inaugural 1,943-metre drill program at the Österkälen and Malgomaj mineral licenses in central Sweden, with all 15 holes intersecting graphitic black shale interpreted to represent the Alum Shale Formation. The work confirmed the effectiveness of the company's MobileMT geophysical survey as a targeting tool, with shale horizons averaging 50 to 141 metres of composite down-hole thickness across the two licenses. Geochemical assays are underway to determine grade and continuity of the uranium-polymetallic mineralization, with results expected ahead of a planned October resumption of drilling at the company's flagship Viken property. District Metals trades on the TSX Venture Exchange as DMX and on the OTCQX as DMXCF. NEWS RELEASE

American Pacific Mining has reported an interval of 20.1 metres at 11.15 grams per tonne gold, 14.3 grams per tonne silver and 0.42% copper within massive sulfide mineralization at its Madison Copper-Gold Project in Montana — with the mineralized system remaining open and thickening to the southwest. The result comes from the company's ongoing 15,000-metre Phase I drill program, with two rigs currently active at the project. American Pacific Mining trades on the CSE as USGD and on the OTCQX as USGDF. NEWS RELEASE

Talisker Resources has reported underground face-sample results from the 1030 Level of the Mustang Mine at its Bralorne Gold Project in British Columbia, defining a 79-metre continuous strike length of high-grade gold along the BK Vein averaging 64.84 grams per tonne at an average true width of half a metre. The results extend the ore shoot defined on the 1045 Level and continue to validate Talisker's geological model. Talisker Resources trades on the TSX as TSK and on the OTCQB as TSKFF. NEWS RELEASE

Kirkland Lake Discoveries has drilled 25.85 grams per tonne gold over 3.00 metres within a broader 7.24 grams per tonne over 11.10 metres at the Mirado Fault in hole KLM26-030 at the KL South Project in Ontario. This is the northernmost intercept to date, extending the North Zone by a further 125 metres and demonstrating that the Mirado Fault system now bears high-grade gold over 180 metres of strike at depth. Kirkland Lake Discoveries trades on the TSX Venture Exchange as KLDC and on the OTCQB as KLKLF. NEWS RELEASE

Canterra Minerals has intersected 144 metres at 0.75% copper equivalent from 64 metres depth at the Lundberg Deposit in its Buchans copper-zinc-lead-silver district in central Newfoundland, including 76 metres at 1.00% copper equivalent and a near-surface high-grade core of 18 metres at 1.56% copper equivalent at the top of the interval. The results confirm the continuity of the central stockwork system through a gap between historical holes. An updated Mineral Resource Estimate for Lundberg — the first prepared under Canterra's direction — remains on track for delivery in Q4 2026. Canterra Minerals trades on the TSX Venture Exchange as CTM and on the OTCQB as CTMCF. NEWS RELEASE

The Mining Stock Daily morning briefing is produced by Clear Commodity Network. It is distributed throughout the world through your podcast network of choice, and at Clear Commodity Network.

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