Morning Briefing: Gold and Silver Surge as Miners Rally; Pirate Gold Defines District-Scale Newfoundland Target

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 the Mining Stock Daily Morning Briefing. I'm Ian Wagner filling in for Trevor Hall this week. It's Wednesday, August 5th. Precious metals rose on Tuesday as tensions in the Gulf appear to be abating. Gold settled at$41.52, up more than$62 on the day. Silver's September contract settled at$60.24, up over$2. The GDX and SIL both rose more than 2%, with the GDX closing at$77.92 and SIL closing at$78.59.

0:51Both gold and silver are up significantly at the time of recording, with a big rally in the miners expected to continue today. This episode of Mining Stock Daily is brought to you by Equinox Gold. Equinox Gold is a growth-focused gold producer operating mines across the Americas. With cornerstone assets like the Greenstone Mine in Ontario and the Valentine Gold Project in Newfoundland and Labrador, Equinox is advancing a new generation of large-scale, long-life gold operations. Learn more about their portfolio and development pipeline at equinoxgold.com.

1:30And here's what you need to know today. Great Pacific Gold has reshaped its leadership team while advancing drilling at the flagship Wild Dog Project in Papua New Guinea. Alex Heath has moved into the CEO role. Callum Spink was promoted to chief operating officer and vice president of exploration. And Sam Wong was appointed CFO. Current CEO Greg McCann will now step into the executive chair role, while Jason Gregg joins the board and will lead a new governance committee. The company says it holds more than$22 million in cash. Operationally, one of two rigs has moved from Cassie Ridge to the Magiabe vein system, where an initial 11-hole, roughly 220-meter program will test the main and western veins.

2:12Surface sampling at Magiabe West previously returned 8 meters, grading about 17 grams per ton gold. The two-hole Cassie Ridge program is complete, with assays and mineralogical results pending. Great Pacific Gold trades on the TSX Venture under GPAC. and on the OTCQX under GPG-CF.

2:36Pirate Gold identified widespread advanced argillic alteration at the Clipper Brook target within its Treasure Island project in central Newfoundland. Spectral analysis confirmed alanite and pyrophilite across more than 3 kilometers of surface exposure within a low-resistivity electromagnetic trend extending over 10 kilometers. Clipper Brook lies 12 kilometers east of the Moby Dick Discovery and shows a similar geophysical signature, supporting a district-scale copper-gold porphyry and epithermal model. The company has received drilling permits and is preparing an initial program. Pirate Gold trades on the TSX Venture under the symbol YARR and on the OTCQB under YARRF.

3:20Outcrop silver reported high-grade results from the Morena and Aguilar targets at its Santa Ana Silver Gold Project in Colombia. At Morena, hole DH-613 cut 0.71 meters, grading 2 ,559 grams per ton silver equivalent, including 0.41 meters at 4 ,403 grams. Hole DH-601 returned 1.74 meters, grading 646 grams silver equivalent. Drilling at Aguilar confirmed mineralization in the main and northern structures, including 0.3 meters grading over 2 ,000 grams silver equivalent. Morena is expected to contribute ounces to an updated resource estimate planned for September. Outcrop trades on the TSX under the symbol OCG and on the OTCQX under the symbol OCGSF.

4:11Asante Gold updated the mineral inventories at its Bibiani and Toronto mines in Ghana, reporting a combined 4.6 million ounces of measured and indicated resources, plus 1.8 million inferred ounces. Toronto now hosts 2.5 million measured and indicated ounces and 1.3 million reserve ounces, supporting a seven-year mine life. Bibiani contains 2.06 million measured and indicated ounces and 1.5 million reserve ounces, supporting a nine-year plan. Toronto more than replaced two years of depletion while Bibiani's inventory declined following production and limited exploration. Both deposits remain open, a long strike and up-depth.

4:52Asante trades on the TSX Venture under the symbol ASE and on the OTCQX under the symbol A-S-G-O-F. Osisko Gold reported drilling from the Prosperine Target, seven kilometers southeast of its Caribou Gold deposit in British Columbia. Fourteen holes confirmed a mineralized system combining high-grade structures with broader, lower-grade zones that may offer open-pit potential. Highlights included 4.6 meters grading nearly 96 grams per ton gold, including a half a meter at 873 grams and 8.6 meters, grading 5.46 grams. Mineralization now covers one kilometer by half a kilometer and remains open. Osisko plans another 26 ,000 meters of drilling and trades on the TSX Venture and NYSE under OGG.

5:48Galway Metals reported 14 holes from the Southwest deposit at its Clarence Stream gold project in New Brunswick. Infill drilling returned broad zones, led by 2.6 grams per ton gold over 48 meters and 1.7 grams per ton over 31 meters. Additional results included 5.3 grams over 5 meters and 3.1 grams over 8 meters, both within higher-grade intervals. Several holes encountered widths exceeding the resource model within the pit shell, supporting expansion as Galway advances its preliminary economic assessment. Galway trades on the TSX Venture under the symbol GWM and on the OTCQB under the symbol GAYMF.

6:32Aztec Minerals reported step-out results from its Tombstone project in Arizona, expanding shallow oxide gold-silver mineralization into the newly acquired North Extension Zone. Hole 26-39 returned nearly 88 meters grading 1.42 grams per ton gold and about 15 grams silver, including a 6-meter high-grade core above 12 grams gold. Nearby hole 26-38 cut roughly 98 meters grading just over 1 gram gold and 16 grams silver from surface. Management said the results suggest the contention system is larger than currently defined and remains open northward and at depth. Aztecs trades on the TSX Venture under the symbol AZT and on the OTCQB under the symbol AZZTF.

7:21Aditon Resources increased the indicated resource at its Gameta Gold Project on Ferguson Island, Papua New Guinea by 131 % following its 2025 infill drilling program. The updated estimate now contains over 400 ,000 indicated ounces grading 1.41 grams per ton gold plus 207 ,000 inferred ounces, grading just under one gram. Management said the higher confidence near-surface resource strengthens the geological model and supports future engineering, permitting, and potential open-pit development studies. Mineralization remains open at depth and southeast along strike. Aditon trades on the TSX Venture under the symbol ADY and on the OTCQB under the symbol A-D-Y-R-F.

8:08And with a big shout out to our own Trevor Hall, I'm pleased to report that Mr. Hall has joined the board of directors for Apex Critical Metals, adding mining sector communications and community engagement experience as the company advances the Rift Rare Earth project in Nebraska. Hall is the CEO of Clear Commodity Network and host of Mining Stock Daily and is a native Nebraska with longstanding ties to the state. CEO Sean Charlin said Hall's local roots and communications background will support transparent stakeholder relationships. Hall called Rift a compelling U.S. rare earth opportunity with potential to help rebuild domestic mineral supply.

8:46Apex trades on the CSE under the symbol APXC and on the OTCQX under the symbol APXCF. 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 clear commodity network that's it for today 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.