Morning Briefing: Citi is bullish on copper

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. Good morning and welcome back to Mining Stock Daily Morning Briefing. I am Michael McCray filling in for Trevor Hall. It's Tuesday, July 28th. Markets are mixed with S &P futures in the green, but NASDAQ in the red. Investors are looking ahead to earnings with Meta, Microsoft, Amazon, and Apple, all scheduled for later this week. Nasdaq is being weighed by a deep sell-off in semiconductor names.

0:41Commodities are down. Gold futures are off 1.23 % to$4 ,085. Crude oil futures have slipped 1.22 % to$86.10. And copper futures have lost 1 % to$6.31. cents. The Federal Reserve is meeting for its two-day Federal Open Market Committee meeting. Base case is for rates to stay the same, but markets see an outside chance of a rate hike later this week to counter inflation worries. Yesterday, a city maintained its bullish copper price target through the end of the year, citing tighter physical markets and supply pressures in China. That, according to a report from Reuters, the bank held that its 14 ,500 per metric ton zero to three month target and it's 15 ,000 per ton year-end target.

1:33This episode of Mining Stock Daily is brought to you by Vizla Silver.

1:44Vizla Silver is advancing its Panuco Silver Gold Project in Sonoma, Mexico, one of the highest grade silver development projects in the world. The project hosts the world's largest undeveloped high-grade silver resource, and the company has been aggressively expanding its drill program to grow that resource ahead of a development decision. Learn more at visasilver.ca. Here's what you need to know today. Banyan Gold has intersected visible gold and high-grade mineralization in its first-ever exploration holes, that's its Nitro Gold project, with hole NT-26-001 at the newly identified Roaring Fork zone, returning 1.62 grams per ton gold over 5 meters, including 17.80 grams per ton over 0.4 meters, suggesting a new mineralized system 25 kilometers west of the Ormac deposit on a 100 % owned royalty-free claims.

2:44A second target 5 kilometers north of Seattle Creek is showing large extensional quartz veins with multiple visceral gold occurrences and an ore mag style bismuth sosfalt mineralization with these being the first two of 11 exploration targets across Banyan's 830 square kilometer Yukon land package. Intrepid Metals has launched its first ever gold focused exploration at its Maddy prospect within its coral copper project in the Cochise County, Arizona, kicking off roughly three-week program of about 1 ,170 soil samples on a 50-meter spacing across 1 ,900 by 1 ,500-meter grid to define surface gold footprint and generate drill targets.

3:34Matter reference, a district third mineralization style at Coral. West Haven Gold reported a fourth batch of results from its 35 ,000 meters south zone infill program at the Shovelnose property in southern BC. Now 66 complete with four rigs. Highlights include 27.51 meters grading at 14.47 grams per ton gold and 52.3 grams per ton silver. 30.76 meters of 3.31 grams per ton gold and 0.52 meters interval of 200 grams per ton gold and 141 grams per ton silver. The program's highest single assay located at the deposit's northern edge and suggesting grades continue towards the alpine target. Uranium Royalty has completed a plan of arrangement pairing its uranium strategy with its cash flowing soda ash portfolio anchored by its five mines in Wyoming Green River Basin.

4:32The The deal is expected to be accretive to net asset value, cash flow, and EPS, and adds Orion and Ontario teachers as its two largest shareholders. Cambria Gold Mines released results from 42 underground infill holes at its Peru zone of its premier northern light deposit near Stewart, BC, headlined by 24.36 grams per ton gold over 6.3 meters and 13.17 grams per ton gold over 10.6 meters with drilling continue to define wide high-grade zones and to clarify post-mineral faulting ahead of further underground development planned for Q4. The company has also started infill drilling at its big Missouri and its silver coin deposits where geological teams and remodeled wide gold zones tied to quartz sulfide breccias historically mined in the 40s and 90s all near cambria's 2500 ton per day mill and lastly a copper giant resources reported that infill hole md-066 at its moco copper molybdenum porphyry in patumo columbia cut 584 meters at 0.73 copper equivalent, including 183 meter core, 0.94 copper equivalent, well above the current resource average of 0.51 % copper equivalent, and confirming the model ahead of an anticipated PEA.

5:59The Mining Stock Daily Morning Briefing is produced by Clear Commodity Network. It is distributed throughout the world, your podcast network of choice, and at Clear Commodity Network. That's it today for everyone. Have a great day. Stay safe. 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.