Morning Briefing: GreenLight Metals Drills Massive to Semi-massive Sulphide in Wisconsin
Good morning and welcome back to the Mining Stock Daily morning briefing. I’m Trevor Hall.
It's Monday September 22nd.
After a short pullback mid week last week, gold and silver rocketed higher on Friday with more follow-through this morning. Gold closed friday at $3,684 on its spot price and finds itself handsomely above $3,700 this morning. Silver is hitting a 14-year high this morning as it crawls above $43.50 an ounce. The market is looking forward to more Fed speak and policy comments this week following last week's rate decision. We do have some key economic data coming into the market later this week, including GDP on Thursday and PCE on Friday.
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…..
GreenLight Metals says they have completed its Phase 1 drilling program at the Bend copper-gold VMS Project in Wisconsin and report initial assay results from the first three holes. The six-hole diamond drilling program, totaling 2,037 meters, was completed from three sites along two sections entirely on the Company's leased forty-acre tract of private minerals. Those assays reported this morning included 12.85m of 1.81% Cu, 1.75g/t Au, 22.7g/t Ag, 346.9g/t Te from 257.00m. The company also noted visual sulfide intercepts in 3 holes with assays pending. The Phase 1 program successfully tested the eastern margin of the known Bend deposit along two sections. The first two holes of the program intersected the upper margins of the Bend massive to semi-massive sulfide horizon and demonstrated a thickening of the mineralized section with depth. The program plan was then adapted to focus on testing the down-plunge continuity of thicker chalcopyrite-rich sulfide mineralization. (TSXV: GRL) News Release
Amarc Resources announced partial hole rush assay results from hole JP25098 located southeast of the 2024 AuRORA Copper-Gold-Silver Discovery drilling. The assays returned a total of 223.1m of .27% Cu, .41 g/t Au and 4.6 g/t Ag. The hole is being reported on a partial stand-alone basis because it returned results at a location that is viewed by management as being particularly important for revealing large-scale exploration potential across the entire JOY District. The Cu-Au-Ag mineralization in JP25098 occurs well outside the strong magnetic high that hosts the high grade AuRORA mineralization discovered in 2024. Drilling at JOY started this season on June 26 with up to three core rigs and has focused on expanding the AuRORA Deposit. A fourth rig has arrived on site. (TSXV:AHR) (OTCQB:AXREF) News Release
Goliath Resources announced additional assay results from its 2025 drill program where drill hole GD-25-365 intersected 8.45 g/t Au over 7.13 meters, within 5.13 g/t Au over 12.00 meters, including 17.20 g/t Au over 3.35 meters at the Surebet Discovery on its 100% controlled Golddigger Property (the “Property”), Golden Triangle, British Columbia. Drill hole GD-25-360 returned 6.47 g/t Au over 4.00 meters, within 2.66 g/t Au over 11.10 meters, including part of a quart-sulphide breccia. The company says further drilling in the Bonanza Zone continues to demonstrate continuity. (TSX-V: GOT) (OTCQB: GOTRF) News Release
On Friday, Perpetua Resources announced it received its conditional Notice to Proceed from the US Forest Service for the Stibnite Gold Project. The notice stated the Project has satisfied all requirements outlined in the January 2025 Record of Decision ("ROD") and that the Project may begin construction conditioned only on the Company posting the joint financial assurance bonding agreed to by USFS, Idaho Department of Lands ("IDL"), and U.S. Army Corps of Engineers ("USACE") for the Project. The Stibnite Gold Project plans to produce America's only mined resource of the critical mineral antimony, a key component in munitions and advanced defense systems, and seeks to clean up legacy contamination at the historical mine site, reconnect fish to their native spawning grounds, restore habitat, and provide hundreds of family-wage jobs. (Nasdaq: PPTA) (TSX: PPTA) 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 by our friends at the Junior Mining Network.
That’s it for today everyone. Have a great day. Stay safe.
The information presented should not be considered investment advice. Mining stock daily and its affiliates are not responsible for any loss arising from any investment decision in connection with the material presented herein. Please do your own research or speak with a licensed financial representative before making any investment decisions.