Morning Briefing: Fireweed's Infrastructure Receives Boost for North Canol Corridor
Good morning and welcome back to the Mining Stock Daily morning briefing. I’m Trevor Hall.
It's Wednesday August 27th.
Gold miners continued their impressive outperformance yesterday as the GDX rose another 2.2% and the GDXJ gained 2%. The moves in the producers show investors continue to take notice. Gold gained half a percent yesterday, but some of the individual stocks which make up the gold ETFs were making new powerful all-time highs. Kinross, Agnico and Lundin Gold have been relentlessly moving upwards as most of the market and financial media remains glued to big-tech earnings, including Nvidia’s out later today. In politics, The Trump administration is reviewing options for exerting more influence over the Federal Reserve's 12 regional banks, potentially extending its reach beyond personnel appointments in Washington. The move is seen as an extraordinary step in Trump's campaign to influence monetary policy, with former Fed Vice Chair Lael Brainard warning that any political push to revamp the FOMC would run the risk of stoking inflation and longer-term interest rates.
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…..
Heliostar Metals shared its first results from the current 15,000 metre drill program at its 100% owned Ana Paula project in Guerrero, Mexico. The program has the primary goal of converting inferred ounces to higher confidence classifications, as well as supporting the ongoing Feasibility Study and testing the next exploration targets around the Ana Paula deposit. Assays released this morning included 30.2m of 6.29 g/t Au from a depth of 195m, 14.75m of 13.6 g/t from a depth of 153m and 10.95m of 6.67 g/t Au from 113m. Heliostar's drilling approach at Ana Paula has been to rotate drilling by approximately 90 degrees from the majority of historic intercepts. This change has been interpreted by the Company to have contributed to demonstrating more continuous and higher-grade gold mineralization within the High Grade Panel than previous operators recognized. (TSXV: HSTR) (OTCQX: HSTXF) News Release
Arras Minerals announced results from drilling at the Elemes Project in Northeast Kazakhstan. The program is designed to systematically test multiple high-priority targets along the 8.8-kilometre Berezski and the 14-kilometre Aimandai Trends. Results included 154m of 1.09% CuEq, starting at a depth of 130m. The hole also included a 24m interval of 2.32% CuEq. Since late June, Arras has been advancing its 20,000-metre Phase II diamond drill program at Elemes. Two rigs are actively testing the highly prospective Berezski Trend, building on the success of the 2024 campaign. To date, eight holes have been completed, with assays pending for several. (TSXV: ARK) (OTCQB: ARRKF) News Release
Thor Explorations provided drill results from its maiden campaign on the Guitry Gold Project in Côte d'Ivoire. Results reported this morning included 8m of 14.54 g/t Au, 4m of 10.68 g/t and 7m of 5.31 g/t Au. The Guitry Project was acquired by Thor from Endeavour Mining during 2025 for a total consideration of US$100,000 in cash and a 2% Net Smelter Royalty. The Project is located 220 kilometres due west from Abidjan and covers 295 square kilometres of prospective Tehini Greenstone Belt comprising a north-easterly trending sequence of greywacke sediments and volcano-sedimentary schists and andesite with later granitic intrusive located to the north. (TSXV: THX) (AIM: THX) News Release
Voyageur Mineral Explorers and Evolve Strategic Element Royalties have entered into a definitive business combination agreement to which Voyageur will acquire all of the issued and outstanding common shares of Evolve by way of a statutory three-cornered amalgamation. The reverse take-over means Voyageur will remain listed on the CSE and will continue to carry its existing business activities and will begin to carry on the business of Evolve. Voyageur plans to consolidate all of the issued and outstanding common shares on the basis of one (1) new Voyageur Share for every four (4) existing Voyageur Shares outstanding and change its name to “Evolve Royalties Ltd.” or such other name as may be agreed upon by the parties. (CSE: VOY) News Release
Arizona Sonoran Copper says they have completed both the infill to Indicated Pre-feasibility Study (“PFS”)-related drilling program and a Cactus West step out drill program. Based on drill assays received, the Company expects a high mineral resource estimate conversion rate, as infill drilling continues to intercept consistent copper porphyry mineralization at both Parks/Salyer and the Cactus West deposits. Updating the mineral resource estimate model is now well-underway and an updated MRE for the Cactus Project is expected soon. The PFS is expected later this year. (TSX:ASCU | OTCQX:ASCUF) News Release
Fireweed Metals announced the signing of a Contribution Agreement with Natural Resources Canada (NRCan) to support planning for infrastructure improvements in the existing North Canol corridor, the key overland access route to Fireweed's critical mineral projects at Macmillan Pass near the Yukon and Northwest Territories border. The Agreement provides $12.9M of funding for Fireweed to advance planning for regional road and transmission line infrastructure improvements proposed as the "Planning for North Canol Infrastructure Improvement" (PNCII) project. (TSXV: FWZ) (OTCQX: FWEDF) News Release
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That’s it for today everyone. Have a great day. Stay safe.
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