Morning Briefing: Ridgeline Minerals Makes New Massive Sulfide CRD Discovery at Selena
Good morning and welcome back to the Mining Stock Daily morning briefing.
It's Tuesday, November 4th.
Gold futures continue to hover and consolidate around the $4000/oz mark, allowing that 50 day moving average to continue to creep up and meet the price spread. One may just call the trading action in gold over the last week as “chop”. Silver fell slightly yesterday and back below the $48/oz mark this morning. Copper had a down day yesterday and then had the chord cut this morning, as its down 2.3%, below the $5 level. There appears to be weak demand out of China. The strength in the dollar may also have something to do with moves in metal prices. The DXY has been up 5 days in a row now and is back to triple digits this morning. That's a three month high and triggered by lowered odds in a December rate cut by the Federal Reserve.
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… Vizsla Silver.
Vizsla Silver is focused on becoming one of the world’s largest single-asset silver producers through the exploration and development of the 100% owned Panuco-Copala silver-gold district in Sinaloa, Mexico. The company consolidated this historic district in 2019 and has now completed over 375,000 meters of drilling. The company has the world's largest, undeveloped high-grade silver resource. Learn more at https://vizslasilvercorp.com/
And here’s what you need to know this morning…..
Ridgeline Minerals announced a new zinc, silver, gold, lead, copper and antimony massive sulfide carbonate replacement discovery in the second hole of the company’s maiden drill program testing the Chinchilla Sulfide target at the Selena project in Nevada. The Project is currently being operated by Ridgeline under Phase 1 of an earn-in agreement with a wholly owned subsidiary of South32 Limited. Results were 8.6m grading 10.4% Zn, 21.1 g/t Ag, 0.3% Pb, 0.1% Cu, 0.1 g/t Au, 0.1% Sb within 17.4m grading 6.0% Zn, 35.6 g/t Ag, 0.2 g/t Au, 0.5% Pb, 0.1% Cu, 0.1% Sb starting at 958.0m downhole. Two additional massive sulfide horizons have been intersected (assays pending) beneath the upper sulfide zone ranging from 6.0- 8.7m thick and exhibit similar zinc-rich metal assemblages. (TSXV: RDG) (OTCQB: RDGMF) News Release
Cartier Resources shared the fourth batch of assay results from its 100,000m drill program at the Cadillac Project in Val-d’Or. Today’s results come from the North Contact Zone, or NCZ, and were highlighted with 339.6 g/t Au over 0.5 m, 11.4 g/t Au over 2.0 m, and 9.6 g/t Au over 2.0 m. Holes CA25-531 and CA25-536 represent the deepest holes completed by Cartier and confirm the gold system remains robust and open in all directions. Upcoming drilling is required on NCZ to extend gold mineralization closer to surface (0-150 m) to support a future gold inventory for this new highly strategic sector. (TSXV: ECR) News Release
Newcore Gold released additional drill results from its 45,000m drill program at the Enchi Gold Project in Ghana. Shallow Reverse Circulation ("RC") drilling at the Kwakyekrom Gold Deposit ("Kwakyekrom") intersected multiple zones of near-surface gold mineralization, including hole KKRC099 which intersected 1.08 grams per tonne gold ("g/t Au") over 22.0 metres ("m") from 112 m, with a higher-grade interval of 2.78 g/t Au over 7.0 m from 126 m. Hole KKRC085A also encountered shallow gold mineralization, intersecting 1.29 g/t Au over 15.0 m from 88 m. Both KKRC099 and KKRC085A targeted areas for potential resource growth and encountered mineralization outside of the current limits of the pit constrained Mineral Resource Estimate at Kwakyekrom. Drilling continues to prove out the continuity of gold mineralization and potential for resource growth at Enchi. (TSX-V: NCAU, OTCQX: NCAUF) News Release
Aztec Minerals shared assay results from three holes of its reverse circulation portion of the 2025 drilling program at the Tombstone Property in Southeastern Arizona. Hole 17 intersected a broad zone of 36.5m averaging 8.14 gpt Au and 49.67 gpt Ag from 9.1 m including 4.6m averaging 58.5 gpt Au and 158.0 gpt Ag from 16.7m at a previously untested area of northern portion of the Contention Target. Hole 16 returned 50.2m of 0.67 gpt Au and 42.67 gpt Ag as a broad zone of oxidized mineralization with historic mine workings with backfill at shallow depth. The 2025 drilling program has now completed 29 RC drill holes. (TSXV:AZT)(OTCQB:AZZTF) News Release
Midnight Sun Mining provided initial assay results from eight holes of its 2025 drilling campaign on the Kazhiba Main target. This drilling has intercepted new zones of significant oxide copper mineralization within the existing mineralized footprint, including the headline hole MSZ-25-029E which intercepted 7.39% copper over 14.86m including 16.9% over 4m extending from 17m to 31.86m depth. Ongoing diamond drilling is part of a due diligence component of the oxide drill program, bracketing several previously drilled reverse circulation ("RC") holes. The 2025 resource-edge definition campaign at Kazhiba-Main is now complete, with 163 holes totalling 5,243m. (TSXV: MMA) (OTCQX: MDNGF) News Release
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That’s it for today everyone. Have a great day. Stay safe.
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