Morning Briefing: American Pacific Drill Results Extend Known Mineralization at Madison

0:02Good 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. Hey, good morning, everybody. Welcome back to the Mining Stock Daily morning briefing. It's Thursday, November 5th, and gold is extending its gains this morning up another 1.5 % to$4 ,121 an ounce, continuing the momentum from yesterday's sharp move above$4 ,000 on the back of election results and a weaker dollar. Silver is holding its advance up 0.7 % to$52.63 an ounce.

0:47Copper is easing slightly off 0.3 % to$6.38 a pound. Paraguay's central bank chief resigned as President Santiago Pena's request Monday as authorities have moved against the digital lender Ueno, one of the country's largest digital banks with roughly 3 million customers and$850 million in public funds at risk. The crisis centers on allegations of excessive lending to companies tied to Ueno's ownership group, Group of Esquez, with eight arrests ordered and a criminal investigation underway. President Peña was himself a business partner of that ownership group until March 2025, complicating the official response.

1:33Paraguay's sovereign bonds came under pressure. And Uena is not alone. At the end of October, Binance suspended all deposits and withdrawals after$6.3 billion was stolen via a compromised engineer's laptop. That's the largest crypto heist on record. TRM Blockchain Intelligence attributed the attack to North Korea's Lazarus Group with high confidence. Binance froze roughly$3 billion of the stolen funds, and Bitcoin fell 5 % to below$77 ,000. We'll get to the news out of the miners and explorers here in a moment, but first a mention of today's sponsor. This episode of The Morning Briefing is brought to you by Revival Gold.

2:19Revival Gold is one of the largest pure gold mine developers operating in the United States. The company is advancing the Merkur Gold project in Utah, and mine-permitting preparations and ongoing exploration are happening at BearTrack Arnett in Idaho. Revival Gold is listed on the Venture Exchange under the ticker symbol RVG and trades on the OTCQX market with the symbol RVLGF. Learn more about the company at revival-gold.com. Hey, everyone. Justin Hewn of Uranium Insider here, inviting you to check out the Going Nuclear podcast, co-hosted by yours truly and Trevor Hall and produced by the Clear Commodity Network.

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3:32And here's what you need to know this morning. American Pacific Mining has reported exploration results from four holes testing new targets at the Madison Copper Gold Project in Montana, with three of the four returning gold mineralization in areas up to approximately 800 meters from the historical Madison mine. Hole one returned 9.2 meters at 3.74 grams per ton gold from a depth of 166 meters and included 4.6 meters at seven grams per ton. While three hit near-surface gold of three meters at 4.5 grams per ton from just 15 meters depth, and hole two returned 15.2 meters at 1.03 grams per ton. These holes tested areas separate from the high-grade massive sulfide zone where previous drilling returned 30.8 meters at 7.4 grams per ton.

4:26Additional assays from the 2026 program remain pending. American Pacific Mining trades on the CSE with the symbol USGD and on the OTCQX with USGDF. Sierra Madre Gold and Silver has commenced a 30 ,000 meter exploration drill program in the East District of the La Guatara project in the state of Mexico. The company received an East District exploration drilling permit in July. This program represents its largest commitment to exploration in the corridor. La Guatara is a producing silver gold complex that includes the Guitara and Nazareno underground mines with the processing plant now running at up to 720 tons per day.

5:11The East District program targets ground adjacent to the producing mines and is designed to test district scale potential beyond the current mine plan. Sierra Madre Gold and Silver trades on the venture exchange with SM. Firefox Gold has released resolves from four drill holes at the Musa Jarvi Gold project in Lapland, Finland, with the headline intercept at the Gabbro target extending the known gold footprint along the Musa Jarvi shear zone to more than 2.5 km. Hole 57 returned 6.15 m of 4.1 g per ton gold from a 224 m depth and included 1 m at 14.65 g per ton. The Gabbro target lies in the west of the main gold loads and has seen limited previous drilling.

6:03Firefox Gold trades on the Venture Exchange with FFOX and on the OTCQB with FFOXF. Indina Copper released results from Drill Hole 14 at the Cabrasco Porphyry Copper Molybdenum Discovery in Colombia and confirms the extension of high-grade near-surface copper mineralization approximately 350 meters to the northwest of previous drilling. The hole returned 212 meters at 0.5 % copper from 52 meters depth and included 76 meters at 1 % copper and the highest grade interval of 32 meters of 1.5 % copper from 60 meters. There was two individual 2 meter samples returning 2.5 % copper. Hole 14 was drilled from the same pad as the previous hole, 13, to test lateral and vertical continuity.

6:54Nebraska has now seen 14 holes in approximately 11 ,000 meters of drilling outlining a footprint of copper mineralization roughly 1 ,300 meters by 550 to 700 meters that remains open in multiple directions. A second drill rig is expected to mobilize this quarter to accelerate expansion. Indiana Copper trades on the Venture Exchange with ANDC and on the OTCQB with PMMCF. Brixton Metals has released initial scoping level metallurgical results from three composite types at the Camp Creek System within the Thorne Project in BC, with all three returning strong gold and copper recoveries through conventional gravity and rougher flotation.

7:40The porphyry composite returned 97.2 % copper rougher recovery and 88.8 % overall gold recovery. The Obon-Bretcher composite with a head grade of over 1 ,200 meters per ton silver returned 97.3 % copper rougher recovery and 93.1 % overall gold recovery. And the near-surface high-sulfidation veins composite returned 96.9 % overall gold recovery, with 6 % of the gold reporting to a gravity concentrate, grading 279 grams per ton. Together with metallurgical work at the Trapper Gold Target reported last month, these results will feed a mated mineral resource estimate for Camp Creek, targeted for the first quarter of next year.

8:28Brixton Metals trades on the Venture Exchange as BBB and on the OTCQX with BBBXF. Sitka Gold has released drill results from the contact zone at the RC Gold Project in Yukon with the standout hole returning 74.8 meters of 1.31 grams per ton gold from surface, including 41.7 meters of 2.2 grams per ton and a high-grade core of 1.2 meters of 53.1 grams per ton. The result comes from the company's 60 ,000-meter drill program completed in late October, which also returned 236 meters at 1.15 grams per ton gold at the saddle zone and 141.5 meters at 1.93 grams per ton at the blackjack zone. Sitka Gold trades on the Venture Exchange as SIG and on the OTCQX with SITKF.

9:27All right, that's a wrap here this morning on the morning briefing. The Mining Stock Daily Morning Briefing is produced by Clear Commodity Network. It is distributed throughout the world through your podcast network of choice and at clearcommodity.net. Have a wonderful day, everybody. Be well. The information presented should not be considered investment advice. Mining Stock Daily and its affiliates are not responsible for any loss arising from any investment decision in connection with the material presented herein. Please do your own research or speak with a licensed financial representative before making any investment decisions.