Morning Briefing: Vizsla Copper Hits Long High-Grade Copper Intersection at Woodjam

Good morning and welcome back to the Mining Stock Daily morning briefing.

It's Wednesday, August 26th, and this morning we've got copper setting records in New York, Ontario threatening to cut off energy and critical minerals to the US, and gold giving back a bit of ground after a strong run.

Gold is off 0.6% to $4,627 an ounce — a modest pullback after recent strength. Silver is up 2/10ths to $68.78. Copper is giving back a fraction, off 0.17% to $6.70 a pound.

Copper did hit a record in New York overnight and is closing in on all-time highs in London. The driver is the US tariff threat, which has been pulling metal into American warehouses at an accelerating pace, turning what was a comfortable global surplus into scarcity in markets outside the United States. Inventory is being redistributed rather than consumed, and the dislocation is raising real questions about where copper goes once those flows slow or reverse.

Ontario Premier Doug Ford escalated the trade war rhetoric Tuesday, threatening to cut off electricity and critical mineral exports to the United States in retaliation for President Trump's threats on Canadian autos and steel. Its significant statement given that Ontario supplies power to New York State and Michigan and that Canadian critical minerals underpin US manufacturing supply chains. It's the strongest language yet from a Canadian official, and it puts resource and energy supply chains squarely back at the centre of the trade standoff.

We will get to the news from the miners and explorers in a moment, but first a mention of today’s sponsor:

Today's episode of Mining Stock Daily is brought to you by…Equinox Gold.

Equinox Gold is North America's new senior gold producer — a title that became official on July 31st with the completion of a business combination with Orla Mining, creating a multi-mine gold platform anticipated to produce 1.1 million ounces annually, with a clear pathway to more than 1.9 million ounces through high-quality North American growth projects. Equinox Gold trades on the Toronto Stock Exchange and on the NYSE American, both under the symbol EQX. 

Here’s what you need to know today. 

Vizsla Copper has released what it says is the longest high-grade copper intersection ever drilled at the Woodjam Project in central British Columbia. Hole DH26-136 at the Deerhorn Deposit returned 266 metres grading 0.97% copper from 306 metres, including 107.7 metres at 2.01% copper and a high-grade core of 48.5 metres at 3.32% copper, 0.23 grams per tonne gold, and 16.59 grams per tonne silver, sitting approximately 100 metres below the existing historical resource model and open in multiple directions. The hole also intersected a near-surface interval of 129.9 metres at 0.30% copper from 70 metres depth. Vizsla Copper trades on the TSX Venture Exchange as VCU and on the OTCQB as VCUFF. NEWS RELEASE

Koryx Copper has reported results from 19 infill drill holes at the Haib Copper Project in southern Namibia, headlined by hole HM167 returning 969 metres grading 0.27% copper equivalent from surface. Its the longest continuously mineralized intersection drilled at Haib to date. Other results included HM185 with 236 metres at 0.57% CuEq and HM177 returning 30 metres at 1.10% CuEq from just 8 metres depth. The 8,586-metre infill campaign is nearing completion, and Koryx says results continue to trend to the upside ahead of a mineral resource update expected in late 2026. Koryx Copper trades on the TSX Venture Exchange as KRY and on the OTCQX as KRYXF. NEWS RELEASE

Freegold has released additional drill results from its Golden Summit project near Fairbanks, Alaska as it advances toward a pre-feasibility study. Hole GS2638 returned 143.7 metres grading 3.59 grams per tonne gold from 758 metres depth including 3.0 metres at 141.3 grams per tonne gold associated with visible gold in quartz-arsenopyrite-pyrite veins. Nearby hole GS2630 intersected 523 metres at 0.75 grams per tonne gold from 385 metres to end of hole and remains open and widening at depth. Six rigs are currently active across the 29.1-million-ounce resource at Golden Summit, with a pre-feasibility study targeted for 2027. Freegold trades on the Toronto Stock Exchange as FVL and on the OTCQX as FGOVF. NEWS RELEASE

K2 Gold has reported results from 613 rock samples at the Morningstar Target. It's a 2,000-metre by 800-metre polymetallic corridor in Inyo County, California near the historic Cerro Gordo Mine district. Highlights from the Ignacio target returning 2,737 grams per tonne silver, 4.37 grams gold, and 2.42% copper. Another returned 1,420 grams per tonne silver, 7.44 grams gold, and 1.34% copper, and the newly identified R-Zone returned 618 grams per tonne silver and 23.2% copper. K2 says the program is defining polymetallic drill targets alongside the company's high-grade gold drill program at the Eastside Trend 7 kilometres away. K2 Gold trades on the TSX Venture Exchange as KTO and on the OTCQX as KTGDF. NEWS RELEASE

Kirkland Lake Discoveries has extended the Mirado South Zone westward from two separate drill collars at KL South in Ontario. Hole KLM26-029 returned 2.13 grams per tonne gold over 29.0 metres from 173 metres including 3.37 grams over 17.5 metres. A deeper hole in the batch, KLM26-028, hit 3.89 grams per tonne over 2.14 metres at 401 metres depth in the North Zone, extending it to approximately 365 metres vertical. 19 holes remain pending. Kirkland Lake Discoveries trades on the TSX Venture Exchange as KLDC and on the OTCQB as KLKLF. NEWS RELEASE

FireFly Metals announced commitments for a A$190 million equity raising to advance its Green Bay Copper-Gold Project in Newfoundland. The deal comprises of a A$150 million ASX institutional placement and a C$29.6 million bought deal on the Toronto Stock Exchange, both at A$1.78 per share, plus a non-underwritten share purchase plan targeting an additional A$10 million. The raise follows the Preliminary Economic Assessment for Green Bay, which outlined a pathway to 100,000 tonnes of copper per annum from a 60.2-million-tonne measured and indicated resource at 2.43% CuEq, with proceeds targeted at early underground development, long-lead capital items, a Definitive Feasibility Study, and resource drilling ahead of a Final Investment Decision by mid-2027. FireFly Metals trades on the Toronto Stock Exchange and on the ASX, both under the symbol FFM. NEWS RELEASE

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That's it for today everyone. Have a great day. Stay safe.