Morning Briefing: New Drill Results from NGEx Minerals and Collective Mining
Good morning and welcome back to the Mining Stock Daily morning briefing. I’m your host, Trevor Hall
It's Wednesday, December 17th.
Gold futures yesterday attempted to work through that $4,370/oz resistance level, but once again, was pushed down throughout the day. Gold was marginally down on the day. This morning, gold again made an attempt to go higher and was once again rejected at that same level. Silver, on the other hand, is up more than 4.5% on the day as it is well above the $66/oz mark in a new all-time high. Last night, US president Trump ordered a blockade of sanctioned oil tankers entering and leaving Venezuela. The administration has moved thousands of troops and nearly a dozen warships to the area. Oil prices are on the rise after the announcement from the White House. China is the biggest buyer of Venezuelan crude, accounting for about 4% of its imports.
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…..
Collective Mining has expanded the Ramp Zone of the Apollo system within the Guayabales Project in Colombia. Drill hole APC143-D2 intersects 24.80 metres @ 29.42 g/t gold and 28 g/t silver within a broader mineralized zone of 63.90 metres @ 13.46 g/t gold and 13 g/t silver from 388.25 metres. This hole represents the highest-grade and largest grade accumulation (gram x metres) intercept drilled to date in the Ramp Zone. The hole has expanded the Ramp Zone dimensions to 315 metres along strike by 300 metres vertically. It remains open in all directions. Hole APC140-D3 locally extended the Ramp Zone by 100 metres below the previous westernmost intercept (APC140-D2), cutting 14.65 metres @ 3.03 g/t gold and 10 g/t silver within 54.35 metres @ 1.47 g/t gold and 4 g/t silver from 257.85 metres downhole. Three deep-capacity diamond rigs are currently operating at the Ramp Zone, with two additional deep-capacity rigs contracted for arrival on site in mid-Q1 2026. (NYSE: CNL) (TSX: CNL) News Release
NGEx Minerals announced drill results from its Phase 4 program on the Lunahuasii copper-gold-silver project in San Juan, Argentina. Hole 48 inersected 649m of 1.64% CuEq and included 126m of 5.09% CuEq. The hole successfully extends the Saturn Zone one hundred meters vertically below hole 46. Following an early start and good drilling productivity, the Phase 4 program is well ahead of schedule. To date, over 10,000m have been drilled with ten holes completed and eight underway. Initial holes have focused on defining and expanding the three named zones and drills will begin to do larger step-outs and test new exploration targets early in the new year. (TSX: NGEX) (OTCQX: NGXXF) News Release
New Break Resources reported results from 6 new drillholes, which are part of a maiden drill program on the Moray Gold Project near Timmins, Ontario. Highlights included 1.57 g/t Au over 70.7m and 2 g/t over 38m. Results from these two holes, have led New Break to interpret the Zavitz gold zone as significantly broader than originally reported. As a result, the Company has re-examined the previously reported intervals from drillholes NBR-25-04 and NBR-25-05. Based on a re-assessment of assay data, these intervals have been updated to reflect a wider zone of mineralization. Those holes now show 1.04 g/t Au over 86.7m and 3.17 g/t over 43m. (CSE: NBRK) News Release
District Metals has applied for 11 mineral licenses covering a total area of 72,078 hectares. The New Alum Shale Mineral License applications will almost double the size of the existing Alum Shale Properties from 79,250 ha to 151,328 ha. The New Alum Shale Mineral License applications were submitted to secure high priority airborne geophysical MobileMT anomalies identified along the boundaries of 3 of District’s currently held licenses. (TSXV: DMX) (Nasdaq First North: DMXSE SDB) (OTCQX: DMXCF) News Release
1911 Gold Corp have commenced its 2,200m diamond drill program at the Ogama-Rockland gold deposit, which lies about 27km southeast of the True North gold project. Drilling will focus on the down-dip and along-strike extensions of the main vein system and new parallel structures identified from relogging and resampling of historical core and modelling updated data. he Ogama-Rockland gold deposit currently hosts an NI 43-101 compliant inferred mineral resource1 of 1.28 million tonnes grading 8.17 grams per tonne gold, for 337,000 ounces Au. (TSXV: AUMB) (OTCQX: AUMBF) News Release
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That’s it for today everyone. Have a great day. Stay safe.
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