Morning Briefing: Cascadia Minerals Extends Mineralization with New Drill Results

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. And good morning, everybody. Welcome back to the Mining Stock Daily Morning Briefing. I'm Trevor Hall, and we are wrapping up the week today and into tomorrow. But for now, gold is up 0.6 % from yesterday, setting at$4 ,184 an ounce. Silver is up just over 1 % to$61.09. Copper is pulling back slightly to$6.52, off about 0.6%. And copper is a big part of the headline mining news today.

0:50First Quantum Mineral saw its shares fall sharply yesterday after Panamanian Ministerial Commission recommended to President Molino that the Cobre Panama mine be restarted rather than closed immediately. but the panel proposed negotiating a restart that would generate revenue to fund an eventual orderly closure at no cost to the state. According to the commission's report, the 2023 Supreme Court ruling that found the mining contract unconstitutional may not have prohibited mining activity itself, potentially leaving room for a new legal framework. Any deal would require a definitive closure date, with no renewal and resolution, at roughly$27 billion in pending international arbitration.

1:39First Quantum said it would engage constructively and in good faith. Furthermore, at the world's largest copper mine, supervisors are heading toward a potential work stoppage. The 1 ,000-member Supervisors Union at BHP's Escondida mine in Chile voted 95 % in favor of strike action after rejecting the company's final contract offer, with members saying the offer showed a complete disregard for the contribution of one of the most profitable mining operations in the world. Under Chilean law, the parties must now enter a mandatory five-day government-led mediation period before a strike can legally begin.

2:21Escondida produces approximately 1.5 % of global copper supply. we'll get to the news out of the miners and explorers here in just a moment but first a quick mention of today's sponsor today's morning briefing is brought to you by revival gold revival is one of the largest pure gold mine developers operating in the united states the company is advancing the marker gold project in utah and mine permitting preparations and ongoing exploration are active at bear track arnett in idaho revival gold is listed on the venture exchange with the ticker symbol RVG and trades on the OTCQX market with RVLGF.

3:00Learn more about the company at revival-gold.com. From power generation to steelmaking, coal still drives the global economy. And the Coal Trader Podcast from Clear Commodity Network is where the industry comes to talk about it. Join me, Matt Warder, and my partner Joe Aldina as we break down the latest trends in thermal and met coal, explore shifting market dynamics, and sit down with industry veterans and executives for unfiltered, insightful conversations. Listen to Cold Trader Podcast on Apple Podcasts, Spotify, or at clearcommodity.net. Clear Commodity Network, digital news on the physical markets.

3:40And here's what you need to know this morning. Cascadia Minerals has reported three step-out drill holes from the Zone 2000S extension at its CarMax copper gold project in central Yukon, with results the company describes as among the best grades ever drilled on the property. Hole 58 intersected 75.5 meters of 1.19 % copper and 0.97 grams per ton gold for a 2.18 % copper equivalent. That also included 48.6 meters of 3 % copper equivalent. Two additional holes extended the zone 142 meters to the northeast and to approximately 430 meters below surface, the deepest point tested in this part of the deposit, with mineralization remaining open in multiple directions.

4:29Together, the three holes have confirmed the Zone 2000S extends at least 300 meters beyond the 2022 resource boundary, effectively doubling the zone's drilled strike length toward Zone 147, located 600 meters to the north. Cascadia Minerals trades on the Venture Exchange as CAM and on the OTCQB with CAMNF. Scorpio Gold has announced the start of its first systematic diamond drill program at the April Fool Target at its Manhattan Project in Nevada's Walker Lane trend, following a sampling campaign that returned 47 of 48 grab samples with detectable gold and a peak result of 59 grams per ton. The company says April Fool shares the same geological setting as its Zanzibar trend, where a structural reinterpretation earlier in 2026 delivered high-grade intercepts, including 3.14 grams per ton over 49.6 meters.

5:28A drill rig mobilized to site this week, and first assay results are expected by the end of this month. Scorpio Gold trades on the NASDAQ capital market and the TSX Venture Exchange as SGLD, It still trades on the OTCQBS SRCRF. Gold Heart Copper has announced assay results from its fourth and final diamond drill hole at the Tolita Project in Chile's Vicuna District. And despite the hole showing significantly less surface veining than prior holes, it returned more than 340 meters of gold and copper porphyry style mineralization from the 551 meter hole. and included 108 meters of 0.21 grams per ton gold equivalent from surface and a second interval of 231 meters of 0.16 grams per ton.

6:18Three of the four holes have now returned at least 300 meters of mineralization and all four have returned more than 100 meters with only 5 % of the Totalita anomaly tested by drilling. The company says it has received interest from potential partners for the next phase of work. The company has also applied for a mining concession at Copioso, a historic gold, copper, and silver mine in Chile, where positive confirmations have been received from Chilean courts, and the company says they've already begun planning exploration scenarios for the asset. Goldhark Copper trades on the venture exchange with HART.

6:59DPM Metals has issued an update following a constitutional court ruling in Bosnia and Herzegovina on September 30th that found the company's concession agreement for the Varish Silver Gold Zinc Mine was not in conformity with the Constitution as Federation and Cantonal authorities lack the authority to deal with state-owned forest land without the involvement of the Federal Attorney General. The decision does not terminate or suspend the concession and Varish continues to operate normally. The court has set a six-month period for authorities to bring the affected acts into conformity, and DPM says it will engage constructively throughout the process.

7:41DPM Metals trades on the Toronto Stock Exchange and the Australian Securities Exchange with DPM. Side note, former Adriatic Metals CEO, the builder of Varish, Mr. Paul Cronin, he's our long form tomorrow it's a great conversation can't wait to hear it all right uh and an actual an interview that lands today is with alaska silver that interview was recorded last week at beaver creek it will air today but alaska silver has formalized its leadership transition today with aaron shutt assuming the role of president and chief executive officer effective today shutt is an alaska native who previously served as president and ceo of DOI Unlimited as one of Alaska's largest regional corporations with more than$500 million in annual revenue.

8:33And he joined the Alaska Silver Board in May of 2026. He succeeds co-founder Kit Mars, who now becomes executive chairman. The company is advancing the Illinois Creek Project in western Alaska, which hosts an inferred 75 million ounce silver equivalent resource at the water pump creek zone. Alaska Silver trades on the TSX Venture Exchange with WAM and on the OTCQX with WAMFF. All right, that's a wrap here today on the Morning Briefing. 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.

9:15Have a wonderful day, everybody. Be well.