Morning Briefing: Rate Cut Hopes Lift Markets — Brixton, TDG, and Kalo Report Drill Results
Good morning and welcome back to the Mining Stock Daily morning briefing. I’m not Trevor Hall. My name is Michael McCrae and I will be covering for Trevor this week.
It's Wednesday, October 15th.
Gold futures rose 1%. The metal is now trading at $4,203. It is generally an up day for the markets with the major indices in the green due to some strong earnings and comments by the Fed chairman. S&P Futures and Nasdaq futures are all higher. Bank of America reported that profits were up 23%. Jerome Powell warned yesterday that the labor market was soft, increasing the likelihood of a Fed rate cut.
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…..
Indonesia's PT Arsari Tambang, a tin mining company controlled by the family of President Subianto, is looking to pick up an asset in Canada, its chief executive said on Wednesday. The news was reported by Reuters. The acquisition value is around $422 million.
Capstone Copper secured up to $360 Million investment from Orion for Santo Domingo Project Stake. Funding is tied to a positive final investment decision on Santo Domingo, a copper-iron project in the Atacama region in Chile, near Capstone’s Mantoverde mine. If built, a Santo Domingo Mine could produce 200,000 tonnes of copper annually. (TSX:CS) (ASX:CSC) News release.
Brixton Metals announced today that drilling at its Trapper gold target in northwestern British Columbia intercepted 22.15 meters grading 4.44 g/t gold, including a high-grade section of 1.50 meters at 57.20 g/t gold. The Chair and CEO, Gary R. Thompson, stated that these results demonstrate the exceptional potential of the gold system, with other significant findings including Hole THN25-342 returning 4.00 meters of 2.22 g/t gold from 210.00 meters depth and Hole THN25-340 returning 30.85 meters of 1.47 g/t gold and 4.32 g/t silver from 61.65 meters depth. The company completed 6,272 meters of drilling from 30 holes at the Trapper Target this season, and with assays still pending for the remaining 13 holes, the gold zone remains open for expansion. (TSX-V: BBB) News release
TDG Gold reported 164.0 meters grading 1.02 g/t gold, 2.0 g/t silver, and 0.24% copper, which included a higher-grade sub-interval of 67.0 meters at 1.73 g/t gold, 2.6 g/t silver, and 0.32% copper. The company is conducting Phase I exploratory drilling program at its Aurora West target within the Greater Shasta-Newberry project in British Columbia. Other results include 60.1 meters grading 1.13 g/t gold and 0.30% copper (TDG25-003) and 92.9 meters grading 0.76 g/t gold and 0.23% copper (TDG25-005). The company said the results confirm the broad, significant nature of the mineralization and extend the Aurora West zone up-dip and to the north, suggesting a larger mineralized system than initially anticipated. CEO Fletcher Morgan noted that the success has warranted the addition of a third drill rig and is prompting the company to consider extending the program through the winter. (TSXV:TDG) News release
Kalo Gold Corp. announced a major new gold discovery at its Qiriyaga Complex in Fiji, with drill hole VA25-DH11 intercepting bonanza-grade mineralization of 12.80 g/t gold over 22.12 meters, including a high-grade core of 25.10 g/t gold over 10.05 meters. Kalo is drilling the Qiriyaga Complex on Kalo's 100%-owned Vatu Aurum Project in Fiji. (TSXV:KALO) News release
Alaska Silver Corp. anticipates releasing the assay results from its 2025 field program during the fourth quarter of 2025, following a successful exploration season at the 100%-owned Illinois Creek (IC) Carbonate Replacement Deposit (CRD) project in western Alaska. The season's 2,964.0 meters of drilling across 13 holes was completed prematurely due to winter weather, with a focus on both the Waterpump Creek South target and a newly discovered mineralization zone named Silver Sage. The Silver Sage discovery, which was identified through follow-up work on historical soil anomalies and confirmed by trenching that uncovered near-surface silver, lead, and zinc mineralization, is a significant finding that further indicates the large-scale potential of the CRD property, which the company expanded by staking 46 new mining claims. TSXV: WAM News release
Revival Gold Inc. has appointed Scott Trebilcock as its new Vice President of Corporate Development and Investor Relations. Trebilcock's past experience includes Mandalay Resources and Nevsun Resources. Revival Gold is advancing the Mercur Gold Project in Utah and the Beartrack-Arnett Gold Project in Idaho. (TSXV: RVG) News release
In production news, Aya Gold & Silver reported Q3 record Production of 1.35M oz at Zgounder Silver Mine in the Kingdom of Morocco, up 29% Quarter Over Quarter. (TSX: AYA) News release
Allied Gold produced over 87,000 ounces of gold in the third quarter. All-in Sustaining Costs for the quarter materially improved from the previous quarter, said the company with AISC expected to be approximately $2,100, or 10% lower compared to the AISC realized in the second quarter. (TSX: AAUC, NYSE: AAUC) 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.