Morning Briefing: Metals and Miners Rebound; Brixton Drills High-Grade Silver
Good morning and welcome back to the Mining Stock Daily morning briefing.
It’s Tuesday, March 10th
“The war is very complete, pretty much.” Thats a quote from President Donald Trump yesterday to a CBS News reporter. Brent crude, having climbed to almost US$120 a barrel early Monday, is back down to US$91.50, but is still up more than 50% this year on the US-Iran tensions. West Texas Intermediate crude fell to as low as US$81 after hitting more than US$119. The S&P 500 made a comeback from earlier losses on Monday after President Donald Trump said the war against Iran could be reaching its end. There remains little sign Hormuz can be opened quickly, with Iran continuing to retaliate with drone and missile strikes across the region. Amin Nasser told an earnings call that the war had caused “a severe chain reaction” and “a drastic domino effect” beyond shipping, on “aviation, agriculture, automotive, and other industries… The longer the disruption goes on and the more drastic the consequences for the global economy,” he said, adding that it was “by far the biggest crisis” faced by the region’s oil and gas industry. Gold prices are higher on a weaker US dollar. Spot gold is up US$54 at US$5,190/oz. Comex Copper (Cu) is up 1.25% at US$5.92/lb.
We will get to the news out of the miners and explorers in a minute, but first a quick word about today’s sponsor.
This episode of Mining Stock Daily is brought to you by…Revival Gold.
Revival Gold is one of the largest pure gold mine developer operating in the United States. The Company is advancing the Mercur Gold Project in Utah and mine permitting preparations and ongoing exploration at the Beartrack-Arnett Gold Project located in Idaho. Revival Gold is listed on the TSX Venture Exchange under the ticker symbol “RVG” and trades on the OTCQX Market under the ticker symbol “RVLGF”. Learn more about the company at revival-dash-gold.com
And here’s what you need to know this morning…..
Brixton Metals published their first results from its ongoing exploration program at the wholly owned Langis Silver Project in Ontario. Highlights include 14.35m of 708.7 g/t silver from 116.00m depth, including 0.5 m of 15,522 g/t silver from 118.00m depth. And 14.45 m of 721.4 g/t silver from 109.55m depth, including 1.75m of 5,791 g/t silver from 114.50m depth. The 2026 drill campaign represents a significant milestone for the Langis Project, focused on both expansion and infill drilling of established high-grade silver zones and the evaluation of new mineralized areas along key structural trends. To date in 2026, approximately 6226 metres have been completed in 32 drill holes, and assay results from 9 holes are reported. (TSX-V: BBB, OTCQB: BBBXF) News Release
Lundin Mining is acquiring an additional 5% interest in the issued and outstanding equity of SCM Minera Lumina Copper Chile, which owns the Caserones mine, as well as a 30.9% interest in the Los Helados Project and a .62% net smelter return royalty on Los Helados from JX Advanced Metals Corp for total consideration of US$215M. Los Helados is approximately 17 km to the south from Lundin Mining's Caserones mine, located within the emerging Vicuña District. The deal will increase Lundin Mining’s attributable copper production by 6,500 to 7,000 tonnes. Los Helados will add an indicated resources of 8.3 Mt of copper, 10.2 Moz of gold and 97.5 Moz of silver to its inventory. (TSX: LUN) News Release
Banyan Gold released additional results from the Airstrip Deposit on its AurMac Project in Yukon this morning. Results included 3.66 g/t Au over 17.6m, 2.99 g/t Au over 5.7m and 1.27 g/t Au over 8.5m. The company says step out intersection at the edges of the conceptual pit demonstrate significant potential for converting a substantial portion of waste blocks into ore in their upcoming mineral resource estimate update. 56 holes remain pending for assays from last year’s program. (TSXV:BYN) (OTCQB:BYAGF) News Release
American Pacific Mining says its geological team has successfully used ultraviolet (black-light) scanning to search for "fugitive calcite". Under black light, certain calcite populations fluoresce. At Madison, this work has already identified at least one distinct population of fluorescing veins among numerous non-glowing vein sets. When these veins are plotted on stereonets, they offer an additional layer of structural information that can further refine vectors toward both porphyry and carbonite replacement deposit targets. This supports the working hypothesis that Madison may host a cluster of porphyries—multiple sources rather than a single "textbook" center—and provides a new toolset to help unravel this unique mineralizing system. (CSE: USGD) (OTCQX: USGDF) News Release
Freegold Ventures reported results from six additional drill holes completed at its Golden Summit project. Of these, three were drilled in the Dolphin area and three in the Cleary area. Results included 2.41 g/t Au over 18.9m, 3.09 g/t Au over 40.8m and 2.94 g/t Au over 58.4m. Building on the success of the 2025 program, the 2026 drill program will continue to focus on tightening drill spacing to enhance the grade of the resource estimate prior to the pre-feasibility study (PFS). In addition, geotechnical and supplementary metallurgical test holes will also be drilled. Pilot-scale testing on a sample representative of the Golden Summit deposit is complete, and a flotation concentrate has been produced from a 1,500 kg sample collected from 12 drill holes. This concentrate, which is less than 4% of the original material, will undergo additional testing to refine the preferred oxidation or treatment process and determine the most effective processing methods during the PFS. (TSX: FVL) (OTCQX: FGOVF) News Release
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That’s it for today everyone. Have a great day. Stay safe.
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