Morning Briefing: Dakota Gold Continues to Expand Richmond Hill

Good morning and welcome back to the Mining Stock Daily morning briefing. I’m your host, Trevor Hall

It's Wednesday, November 19th. 

Spot gold is up more than 1% this morning as the markets await some key data over the next 48 hours. Today we receive the Fed minutes from the previous October meeting, for those wanting to read the policy tea leaves. But tomorrow is when some highly anticipated data will hit. That's the delayed September non-farm payrolls report. Weak labour data could spur another leg higher in the gold rally. Stronger data may lead gold to retest the support level of $4000/oz once again. General US markets higher this morning in the pre-market. Nvidia reports today after the bell today as many are beginning to question the profitability of the AI capex boom. 

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….. 

Dakota Gold reported assay results form 26 drill holes completed at the Richmond Hill Oxide Heap Leach Gold Project. These were the first assays from expansion drilling in the northeast corner of the project. Results were highlighted with 1.75 g/t Au over 19.9m and 2.15 g/t Au over 30m. The company is seeing higher grades from the northeastern corner than the average grade within their resource. Metallurgical drill holes across the northern Project area also continue to intercept high-grade gold, de-risking the Project and providing greater confidence in the resource including RH25C-270 intersecting 2.26 g/t Au over 29.2 meters and RH25C-288 intersecting 4.15 g/t Au over 14.5 meters. The Company's core drilling remains active in the northeast Project area where we will have additional assay results from expansion and infill of the unconstrained mineralization through the fourth quarter of 2025 and into 2026. (NYSE American: DC) News Release

AbraSilver shared new assay results from four drill holes from the ongoing Phase V exploration program at the Diablillos project in Argentina. Results were 128m of .24 g/t Au from surface and 200m of .32 g/t Au from surface, both coming from Cerro Viejo. At Oculto East, drilling returned 25m of 1.67 g/t Au and 6m of 4.64 g/t Au. These latest results continue to expand oxide-hosted high-grade gold mineralization at Oculto East while also confirming the presence of near-surface broad gold and copper mineralization in the upper portions of a porphyry system at Cerro Viejo. The company is also preparing for the completion of its definitive feasibility study and has now completed all required work for the application under Argentina’s Large Investment Incentive Regime, which is expected to be formally submitted in the near-term.  (TSX: ABRA) (OTCQX: ABBRF) News Release

Canterra Minerals announced new step-out drill results from the Buchan sProject in Central Newfoundland. Results included 7.73% CuEq over 4.45m and 1.85% CuEq over 26m. That last hole extends the Lundberg stockwork zone 80 m beyond the current Lundberg Resource. At depth, the hole returned mineralization of 1.72% CuEq over 6 m. Drilling has now expanded the Two Level Zone mineralized footprint to approximately 200 m x 50 m. This zone hosts high-grade, transported, breccia-hosted sulphide mineralization similar in style to the historic high-grade ore mined at Buchans. Below the Two Level Zone, drilling has consistently intersected stockwork sulphide mineralization equivalent to that of the Lundberg Resource. These results indicate that the stockwork zone remains open and continues to expand at depth toward the northwest. (TSXV:CTM) (OTCQB: CTMCF) News Release

Independence Gold published their updated mineral resource estimate for the 3Ts Project in the Omineca Mining Division of British Columbia. The updated resource estimate includes the Tommy and Ted-Mint vein systems, as well as the recently discovered Larry, Johnny and Ian veins. The total indicated resources now sits at 2.79 million tonnes at an average grade of 4.22 g/t AuEq, representing approximately 378,000 gold-equivalent ounces. The inferred resource is now estimated at 2.96 million tonnes at an average grade of 4.06 g/t AuEq, representing approximately 387,000 gold-equivalent ounces. (TSXV: IGO) (OTCQB: IEGCF) News Release

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

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