Morning Briefing: Equinox Gold's Castle Mountain Accepted into FAST-41 Permitting Program in the United States
Good morning and welcome back to the Mining Stock Daily morning briefing. I’m Trevor Hall.
It's Monday, August 11th
Gold futures ripped higher going into Friday’s trade following an announcement from Trump’s White House that imported gold bars would be tariffed. The trade was quickly faded throughout the day to end the week. As the futures contracts tattered throughout the day, spot gold was rather stable, unwilling to participate in the speculation. This morning, gold is seeing heightened pressure on the metal with the front month contract down more than $80, currently at $3,409 an ounce. Silver is trading down almost 2% this morning, currently at $37.81 an ounce. The US dollar is seeing some relative strength today, which is putting pressure on the precious metals complex. Inflation data comes in this week, with CPI tomorrow and PPI on Thursday. US Retail sales jump into the mix on Friday. And sprinkled in throughout the week is more Fed Speak from the FOMC board of governors.
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…Integra Resources.
Integra is a growing precious metals producer in the Great Basin of the Western United States. Integra is focused on demonstrating profitability and operational excellence at its principal operating asset, the Florida Canyon Mine, located in Nevada. In addition, Integra is committed to advancing its flagship development-stage heap leach projects: the past producing DeLamar Project located in southwestern Idaho, and the Nevada North Project located in western Nevada. Learn more about the business and their high industry standards over at integraresources.com
And here’s what you need to know this morning…..
Aurion Resources announced results for ten holes drilled at the Kaaresselkä area of the wholly owned Risti property, located in the Central Lapland Greenstone Belt in northern Finland. Mineralization has been extended along strike and at depth at the Vanha Prospect with 4.42 g/t Au over 32.55 m from 267.80 m and 4.69 g/t Au over 3.00 m from 68.75 m. The company has intersected gold 1,050 m along strike and to 250 m depth at Vanha. More results are pending as exploration work continues. (TSXV: AU) (OTCQX: AIRRF) News Release
Founders Metals announced drill core assay results from its ongoing, fully funded 60,000 metre drilling campaign at the Antino Gold Project in southeastern Suriname. Ongoing drilling testing continuity and growth of high-grade domains within Froyo returned 46m of 3.59 g/t Au. Deeper holes have also extended the gold system to 500m depth with 8m of 2.55 g/t Au, while parallel shears between Froyo and Donut returned 28m of 1.18 g/t Au. The Maria Gerald target is entering phase 2 of drilling while other expiration activities are underway at the Van Gogh, Da Vinci, Lawa, and Parbo targets. (TSXV: FDR) (OTCQX: FDMIF) News Release
Gladiator Metals received assay results from its ongoing phase 2 drill program at Cowley Park. Drilling was designed to target strike extensions to previously identified copper skarn mineralisation and has successfully extended high grade mineralisation more than 70m down dip. Results reported today included 55m of .7% Cu which extended mineralization below 200m. This is a new style of mineralization for the system. Resource definition drilling returned 70.5m of 1.13% Cu and 12.35m of 2.66% Cu. (TSXV: GLAD) (OTCQB: GDTRF) News Release
Zodiac Gold reported new assay results and the completion of its Phase 3 drill program at the Arthington Target on its Todi Gold Project in Liberia. Results included 18m of 4.67 g/t Au, 25.5m of 1 g/t and 26.38m of 1.08 g/t Au. Drilling in Phases 1-3 has been focused on a 1km strike length, and mineralization is open along strike, with a single hole drilled a further 1km to the west returning 1.05m at 8.98 g/t Au. These results have improved the Company's understanding of the mineralized system and will directly inform the next phase of exploration and technical studies. (TSXV: ZAU) News Release
Equinox Gold says its Castle Mountain Mine Phase Two Project in California has been accepted into the United States Federal Permitting Improvement Steering Council's FAST-41 program. FAST-41 is a federal permitting framework designed to streamline environmental reviews, improve interagency coordination, and increase transparency. Acceptance into the program is expected to enhance regulatory certainty through a defined permitting schedule that may reflect reduced permitting timelines. Based on the permitting timeline posted to the FAST-41 project dashboard on August 8, 2025 the federal permitting process should be completed in December 2026. (TSX: EQX) (NYSE American: EQX) News Release
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That’s it for today everyone. Have a great day. Stay safe.
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