Morning Briefing: Vizsla Silver Provides Test Mine Update
Good morning and welcome back to the Mining Stock Daily morning briefing. I’m Trevor Hall.
It's Wednesday, June 18th.
Gold continued to move lower yesterday, closing the day at $3,406 per ounce. Jerome Powell will come to the podium today for his Fed Meeting press conference where he is expected to announce that the board will hold interest rates steady. There will be a lot of interest in what is underneath the decision. A dovish tone could suggest another move lower in interest rates is around the corner while a hawkish commentary may cause a bit more volatility. Silver had another outstanding day yesterday, up almost 2% to $37.15 per ounce as it continues to play catch up to gold.
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…..
Vizsla Silver provided an update on the Copala test mine at the Panuco Project in Mexico. The test mine program marks a major step forward in de-risking the Panuco Project, as the Company transitions from exploration to development. The Copala portal, established as part of this program, is expected to serve as the primary access to underground mining operations following a construction decision. Vizsla Silver has now advanced approximately 125 metres along the Copala decline. The decline is advancing in favorable ground conditions at a 15% grade with dimensions of 5.5 metres wide by 5.5 metres tall. A 10,000-tonne bulk sample will be taken from the 460 level which is approximately 70 metres vertically below the surface. The decline is currently progressing at a rate of 4 metres per day, with drilling and mucking currently being optimised to achieve two blasts per day and advance rates of around 8 metres per day. (TSX: VZLA) (NYSE: VZLA) News Release
Lavras Gold released results from seven new drill holes testing the Butiá Gold Deposit. located at the western edge of the LDS Project in southern Brazil. Gold mineralization was intersected in all seven holes. Results included 371m of 1 g/t Au from surface which included 50m of 3.4 g/t, and 50m of .5 g/t gold which included a 10m subinterval of 3.7 g/t. These holes were designed to increase the confidence in the Butiá gold resource (converting the Inferred Resource into the Measured & Indicated categories) and to potentially increase the gold endowment and footprint of known mineralization of the Butiá Gold Deposit. (TSXV: LGC) (OTCQX: LGCFF) News Release
Maritime Resources provided more drill results out of the Hammerdown Gold Project in Newfoundland and Labrador. The company says additional grade control drilling south of the historic mine workings confirms the presence of a new orientation in mineralization trends. Results from this area were 24.5 g/t gold over 13.9m, 34.4 g/t over 2.5m and 7.2 g/t over 13.5m. As part of the 2025 definition drilling program that refined the Hammerdown geological model, a high-grade ore shoot was identified with a structural orientation distinct from the rest of the deposit. Historical mining immediately north of the area had indicated that the east-west trending Hammerdown vein system may be translated into a north-south direction due to shearing along the Wisteria/Rumbullion shear zone. (TSXV: MAE) News Release
Dakota Gold announced initial results from its 2025 drill campaign at the Richmond Hill Oxide Heap Leach Gold Project. Drilling commenced April 1, 2025 and 56 holes representing 30% of the drill campaign have since been completed. The 19 drill hole assay results that have been returned were completed for metallurgical testing. Results included 1.85 g/t over 43.4m, 1.94 g/t Au over 60m and 2.25 g/t Au over 44.3m. The Core drilling is to collect metallurgical samples for column testing for the Feasibility Study on Richmond Hill, and to conduct infill, and resource expansion drilling in the northern portion of the Project area. The Reverse Circulation drilling is to install monitor wells in support of environmental baseline data collection for permitting. (NYSE American: DC) News Release
Red Pine Exploration shared results from the ongoing drilling program at the Wawa Gold Project, Ontario. Near surface drilling completed since May 2025 was conducted as part of the Company’s assessment of the open pit potential. Results reported this morning included 45.38 g/t Au over 3.13m and included .88m of 141 gt Au. Another drill hole returned 1.86 g/t Au over 19m. Red Pine has currently completed approximately 90% of the fully funded 25,000 m program that commenced in November 2024. Prior to May of this year, drilling was completed to test targets down plunge of the Jubilee Shear to the south and to a lesser extent along the north portion of the Jubilee Shear. Drilling since May has been focused on testing the Jubilee Shear in the Jubilee Mine area that also has potential for starter open-pits. (TSXV: RPX, OTCQB: RDEXF) News Release
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That’s it for today everyone. Have a great day. Stay safe.
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