Morning Briefing: Talon Metals Drill Longest Massive and Mixed Massive Sulphide Intercept Ever at Tamarack

SPEAKER_1 (0:02)

Good morning and welcome back to the Mining Stock Daily Morning Briefing, presented by the Clear Commodity Network and delivering today's top news in mining and mineral exploration. From the new Clearcom Studios, here's your host, Trevor Hall.

Trevor Hall (0:18)

Good morning, everybody. Welcome back to the Mining Stock Daily Morning Briefing. It's Thursday, September 10th, and gold is pulling back this morning, down about a half percent to $4,373 an ounce. Silver is off sharply as well, down two and a half percent to $65.55. The biggest move is in copper, which is under significant pressure today, off 4.7 percent to $6.48. But on the energy side, Brent Crude is pushing further above $100. It's up almost 3 percent to $1.04 a barrel. With Brent trading above that $100 level, the question is how consumers are responding at the pump and Casey's General Stores provided some useful color on that yesterday, shared with our friend Peter Buchvar this morning. The convenience store chain noted, it is seeing exactly the behavior you would expect at these prices. Consumers are making more trips to fill up, but buying fewer gallons per visit. They are trading down out of premium and mid-grade into regular or higher ethanol blends like E15 and E85.

On the bond market side, Treasury Secretary Scott Besant is taking an aggressive posture. The Treasury announced it will buy back up to $6 billion in longer dated government debt. That's tripled the normal size of these operations as Besant looks to put a ceiling on long-term borrowing costs. In a comment that has gotten considerable attention at the trading desks, Besant told an audience in Dallas, quote, I am the house now. It's a direct challenge to anyone betting against his interventions. Tenure yields moved higher after the announcement suggesting investors are not fully convinced. We'll get to the news out of the miners and explorers here in just a moment, but first a mention of today's sponsor. This morning briefing is brought to you by Revival Gold. Revival Gold is a US focused gold developer advancing to advanced stage projects in Western United States. The flagship Merkur Gold project in Utah is a formerly producing heap leach operation in the historic Tintic mining district, now being aggressively drilled toward a preliminary feasibility study targeted for Q1 of next year. It has a 2025 PEA already in hand demonstrating strong economics at current gold prices. Revival also holds the Bear Track Arnett Gold project in Idaho. It's one of the larger undeveloped gold deposits in the United States. They trade on the Venture Exchange with RVG and on the OTCQX with RVLGF.

And here's what you need to know this morning. Tocvan Ventures has released results from 10 new holes confirming gold-silver mineralization along the 1300-meter El Mesquite trend at its Gran Pilar project in Sonora, Mexico, led by Hole 162 which returned 247 meters from surface, grading 0.1 grams per ton gold and 2.61 grams per tonne silver. That included 10.6 meters of 0.43 grams per tonne gold. The trend sits 1.6 to 1.9 kilometers from the planned pilot heap leach facility with existing road access and first gold-silver Dore is targeted in Q4 this year. Tocvan Ventures trades on the CSC as TOC and on the OTCQB with TCV and F.

1911 Gold has reported high-grade results from the L10 Zone at its True North Gold project in Manitoba, intersecting 10.7 grams per tonne gold over 8.9 meters and 50.6 grams per tonne gold over 1.6 meters, with the results confirming a structural link to the larger 710-711 Zone. The company is advancing True North towards a 2027 production, with underground development now underway, and is backed by an over $35 million bot deal that closed in July. 1911 Gold trades on the TSX Venture Exchange with AUMB and on the OTC QX with AUMBF.

Gold X2 Mining has delivered the first two results from its 21-hole QES deeps campaign at the Moss Gold Project in Northwest Ontario, with hole 474 returning 173m of 0.89g per tonne Gold from a depth of 685m. Hole 465 returned 227m of 0.73g per tonne. Both of those holes were drilled 75-100m below the current open pit shell. The results demonstrate that the core shear zone extends meaningfully at depth, pointing to real expansion potential below the existing resource. Gold X2 Mining trades on the NYSE American and the TSX Venture Exchange, both with the symbol AUXX.

Hemlo Mining has reported new high-grade results from the South Rim Zone at the Hemlo Gold Mine in Ontario. Those included 89.9 grams per tonne Gold over 3 metres and 14.81 grams per tonne over 10 metres, with drilling now confirming approximately 500 metres of mineralisation within the interpreted 1.5 kilometre zone, just 50 to 150 metres from the active C Zone infrastructure. None of these results were included in the June Resource Estimate, meaning the entire South Rim body is additive to future resource growth. Hemlo Mining trades on the TSX as HMMC and on the OTCQX with HMMCF.