Morning Briefing: Copper Giant Publishes Updated Mineral Resource for Mocoa

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. This is Trevor Hall, and today is Wednesday, October 14th. Gold's under some pressure again this morning, trading at$4 ,139 an ounce, down just over half a percent. Silver's pulling back more sharply to$58.48 an ounce, off more than a percent Copper, it's bucking the trend, edging up slightly to$6.70 a pound on some supply concerns In the news, legend-based asset manager Red Wheel has published an open letter to the board of Goldfields urging the South African gold major not to pursue its proposed acquisition of Australian producer Northern Star Resources.

1:06Redwheel's emerging and frontier markets team, that's a long-term Goldfields shareholder, argues that the deal would require existing shareholders to give up a material share of the company's future upside before the current portfolio has been properly re-rated. The core concern is that Goldfields is trading at a discount tied to its Ghana operations and uncertainty around permitting at the windfall project in Quebec, which means it is effectively using undervalued equity to acquire a higher rated company. red wheel recommends the board walk away for now and revisit the idea after ghana and windfall are resolved when gold fields would be in a position to strength with a more appropriately valued currency 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 this morning briefing is brought to you by equinox gold Equinox Gold is a Canadian gold producer with nine operating mines across North and South America.

2:09Third quarter production of 237 ,000 ounces keeps the company on track for full year guidance of 870 ,000 to 920 ,000 ounces. And Equinox ended the quarter with$527 million in cash after repaying approximately$1.2 billion in debt year to date. Equinox Gold trades on the Toronto Stock Exchange and the NYSE American, both under the symbol EQX. Hi, I'm Rory Johnston, host of the Oil Ground Up podcast. I'm also the founder of Commodity Context and have been an oil market analyst for more than a decade. What I love about the oil industry is that it is both unquestionably essential to our modern life And the supply, demand, and pricing of this indispensable product is driven by an ever-changing cornucopia of geological, geopolitical, and technological developments.

3:07Listen as I speak with experts across the industry to explore everything you've always wanted to know about what's moving the market for black gold. Find the Oil Ground Up podcast on Apple Podcasts, Spotify, and at clearcommodity.net. brought to you by the Clear Commodity Network, digital news on the physical markets.

3:33And here's what you need to know this morning. Copper Giant Resources has reported a major resource expansion at the Makoa Copper Molybdenum Gold Porphyry Deposit in Putamayo, Colombia, With a total inferred resource now sitting at 1.6 billion tons for 9.36 billion pounds of copper, and 290 billion tons upgraded to the indicated category for 2.13 billion pounds of copper. A PEA for Makoa is planned using these numbers for Q4 of this year. Copper Giant Resources trades on the venture exchange with CGNT. Scorpio Gold has reported a drill intercept of 2.94 grams per tonne gold over 36.42 meters from a depth of 169.6 meters at the gold wedge target within its Manhattan Gold Project in Nevada's historic Manhattan Mining District.

4:31The result extends the known mineralization at depth and adds to the body of evidence at the project with well-established production history in the district. Scorpio Gold trades on the venture exchange with SGLD. Gold X2 mining has reported infill drill results from a combined intersection of 172 meters, averaging 0.96 grams per ton gold, demonstrating broad continuity of gold mineralization within the current drill program. Infill drilling is aimed at tightening hole spacing to convert inferred material to higher confidence indicated or measured categories ahead of a resource update. Gold X2 mining trades on the venture exchange with AUXX.

5:19Firefox Gold has confirmed lateral continuity at the newly discovered LAMAS zone of the Mustajarvi Gold project in Lapland, Finland, with two additional step-out holes now defining approximately 260 meters of strike. The headline result of Hole 35, which returned 16.6 meters at 5.83 grams per ton gold from a depth of 72 meters, included one meter in there at 51.5 grams per ton. It was drilled 200 meters northeast of the original Lamas Discovery. The Lamas zone sits on a parallel structural corridor roughly a kilometer east of the main Mustajarvi Shear zone, effectively opening a second perspective trend on the project.

6:06Firefox Gold trades on the venture exchange with FFOX and on the OTCQB with FFOXF. Tudor Gold has reported continued expansion of the Perfect Storm Copper Gold Porphyry Zone at its Treaty Creek project in British Columbia. The current drill program is further defining the higher-grade epithermal overprint that sits atop the porphyry system and adds to the overall grade profile of the deposit. Drill results reported today included 96.3 meters of 0.85 grams per ton gold and 2.94 grams per ton silver. Tudor Gold trades on the venture exchange with TUD. Yukon Metals has confirmed a new copper-gold-molybdenum porphyry-style system at the Viper Prospect within its AZ project, adding a newly defined porphyry target to the company's exploration portfolio.

7:05The co-occurrence of copper, gold, and molybdenum is a classic signature of large porphyry systems, which are responsible for the majority of global copper production, and the confirmation of porphyry-style indicators at Viper opens the prospect to systematic follow-up. Yukon Metals trades on the Canadian Securities Exchange with YMC. And Brixton Metals has reported rock sampling results from a newly identified vein at its Thorne Project in northwestern British Columbia, with samples grading up to 195 grams per ton gold, 4.1 % copper, and 147 grams per ton silver. The three-metal signature of higher-grade gold, copper, and silver is consistent with the intrusion-related polymetallic mineralization style that characterizes much of the Golden Triangle, and the discovery of a new vein adds another structural target to a project already hosting multiple mineralized zones.

8:07Brixton Metals trades on the Venture Exchange with BBB and on the OTCQX with BBBXF. Alright, that's a wrap 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 over 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.