Morning Briefing: New Drill Results from Collective Mining and Great Pacific Gold
Good morning and welcome back to the Mining Stock Daily morning briefing. I’m your host, Trevor Hall
It's Wednesday, December 10th.
The Federal Reserve is expected to cut interest rates once again later today. The tone of Jerome Powell’s press conference following the announcement will be the real direction driver. Tea leaves will be read throughout his press conference regarding future moves of rates in 2026, under his remaining tenure as Chairman. Gold is down $10 this morning before the market open, but silver is continuing its move higher after yesterday’s inspiring rise to $61 an ounce on the front month contract. The metal is up more than 106% on the year. The silver ETFs continue to see inflows. Silver is up another 1.3% this morning at time of recording.
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…..
Great Pacific Gold announced results from its expanded Phase 1 diamond drill program at its flagship Wild Dog Project in Paua New Guinea. The Phase 1 program is focused on the Sinivit target, a portion of the 15 km Wild Dog epithermal structural corridor. Hole 14 intercepted 9.5m of 13.8 g/t AuEq from a depth of 200m and included 3.9m of 32.16 g/t AuEq. A second drill rig is scheduled to arrive in late January and camp expansion and new site infrastructure is nearing completion. In addition, MobileMT geophysical data has highlighted the exceptional scale of the epithermal system and the potential for a major porphyry copper-gold system adjacent to the veins - a setting analogous to the Wafi-Golpu deposit in PNG. (TSXV: GPAC) (OTCQX: GPGCF) News Release
Collective Mining published assay results from seven diamond drill holes which have expanded the Apollo system northwards along strike by an additional 450m. Two mother holes, drilled to provide kick-off points for drill testing the Ramp Zone, discovered a major new zone of sheeted, gold-and silver-rich veinlets in the hanging wall to the known Apollo system. Intercepts into that zone included 61.3m of 1.78 g/t AuEq and another 24.98m of 1.99% AuEq in hole 140D. Hole 143D returned 10m of 5.74 g/t AuEq and 130m of 1.15 g/t. This newly discovered Hanging Wall Vein Zone has expanded the mineralized footprint at Apollo. The interpreted northeast strike length has increased by 43%, with the system now measuring approximately 1,050 metres (previously 600 metres) × 400 metres width × 1,370 metres vertical extent. Apollo remains completely open along strike to the north and at depth. (NYSE: CNL) (TSX: CNL) News Release
Li-FT Power provided an update on exploration work at the Nottaway Lithium Project ocated in the Eeyou Istchee Region of Québec. During the summer of 2025, LIFT collected 49 till samples for indicator mineral analysis in areas with very limited outcrop. The samples were processed by Overburden Drilling Management (ODM), where density concentrates were produced to identify spodumene grains that could signal the presence of nearby spodumene-bearing pegmatites hidden beneath till cover. This work outlined a 1 x 3 km area of elevated spodumene grain counts within the Project area, highlighting the potential presence of a concealed pegmatite system under cover. The best sample returned more than 800 grains from the dense mineral fraction and approximately 1,200 grains from the mid-density fraction for a total of 2,000 spodumene grains. (TSXV: LIFT) (OTCQX: LIFFF) News Release
Seabridge Gold announced drill results from the Snip North Deposit on its Iskut Project. Each hole intersected wide intervals of consistent and continuous gold and copper grade that continue to show a large and robust Porphyry Cu-Au system. Select highlights included 293m of .46 g/t Au and .1% Cu in hole 31, 496m of .33 g/t Au and .14% Cu in hole 33 and 555m of .44 g/t Au and .13% Cu in hole39. Mineralization is now defined over a strike length of 2,100 meters, 600 meters of dip projection and up to 700 meters in width. (TSX: SEA) (NYSE: SA) News Release
Amarc Resources shared additional assay results from this year’s drill program at the Joy District, specifically the AuRORA deposit. Results today included 201m of 1.4 g/t Au and .28% Cu and another 201m of 1.38 g/t Au and .27% Cu. AuRORA drilling in 2024-2025 now totals 45 drillholes (17,586 m). Assay results from the total 35 holes drilled (15,381 m) across the JOY District in 2025 are being received and planned to be released in batches going forward. (TSXV:AHR) (OTCQB:AXREF) News Release
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That’s it for today everyone. Have a great day. Stay safe.
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