Morning Briefing: Hercules Metals Intersects 0.58% CuEq over 287 m

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, September 30th. Metals are trading in a mixed and narrow range this morning. Gold is essentially flat at$4 ,190 an ounce, up just a fraction of a percent. Silver is giving back some of yesterday's bounce, down about 1.25 % to$60.70.

0:43And copper is up slightly to$6.56 a pound. After the sharp pullback Monday and the recovery Tuesday, the market appears to be consolidating. On the corporate front, Barrick Mining CEO Mark Hill flagged a potential delay to the company's planned North American gold IPO during the gold conference in Colorado Springs yesterday. Barrick had been targeting a New York listing of its North American assets by the end of this year, but Hill said there have been some delays working through formalities ahead of the listing, and the IPO could slide into January. He was quick to add that it remains on track and any delay would not be significant.

1:25In the energy markets, Wall Street analysts are reporting that oil flows through the Strait of Hormuz are closing in on pre-war levels, meaning a meaningful increase in supply is working its way into the global market. Crude oil is still trading around$100 a barrel, so the question the market is asking is how quickly that additional supply can move prices lower and whether the recovery in flows holds. For gold investors, easing energy prices would remove one of the inflationary pressures that has kept oil elevated alongside metals this year. 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.

2:08Today's morning briefing is brought to you by Equinox Gold. Equinox Gold is North America's new senior gold producer with six operating mines and the capacity to produce approximately 1.1 million ounces of gold annually. The portfolio spans three cornerstone Canadian operations, including Greenstone and Musclewhite in Ontario, and Valentine in Newfoundland and Labrador, along with the Mesquite in California, Camino Rojo in Mexico, and operations in Nicaragua. The company is also advancing four expansion projects that are expected to deliver more than 800 ,000 ounces of additional annual gold production over the next five years.

2:50Equinox Gold trades on the TSX and on the NYSE American, both under the ticker symbol EQX.

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3:40and here's what you need to know this morning hercules metals has released assay results from a 200 meter step out hole at the southern flats zone of its hercules project in western idaho it's extending the second copper porphyry center discovered at the property with 287 meters of 0.58 % copper equivalent, but included 66 meters in their 0.8 % copper equivalent. Three-dimensional modeling now suggests southern flats may be an approximate 1 kilometer southern extension of the Leviathan copper porphyry system, meaning the two centers could be continuous along the same regional fault structures.

4:21Two drill rigs are currently working to fill a 1 kilometer gap in drilling between Leviathan and Southern Flats. Hercules Metals trades on the Venture Exchange with BIG and on the OTCQB with BADEF. Arizona Gold and Silver has reported drove results from two holes testing the down-dip continuation of the Perry Zone beneath Red Hills at its Philadelphia Gold-Silver Project in Mojave County, Arizona. Hole 173 intersected 43.5 meters of 1.48 grams per ton gold and 7.2 grams per ton silver, and that included 21.8 meters of 2.5 grams per ton gold and a higher grade core of 7 meters of 4.24 grams per ton gold.

5:10Hole 172 intersected a broader 70.4 meters of 1.16 grams per ton gold, with internal zones up to 10.2 meters of 3.27 grams per ton. The company is using the geometry, grade distribution, and silver-to-gold ratios from each hole to refine the projected position of the north-plunging high-grade upflow zone, with additional drilling ongoing. Arizona Gold and Silver trades on the Venture Exchange with AZS and on the OTCQB with AZASF. ICG Silver and Gold has reported assay results from the first six holes of the 2026 Phase 1 drill program at the Tuscarora District in Elko County, Nevada, with all six intersecting gold and silver mineralization.

6:01The standout result is hole 4 at the newly staked Battle Mountain Target, which intersected 24.3 meters at 10.14 grams per ton gold from a depth of 181 meters. In that included 4.6 meters of 51.84 grams per ton gold and 1.5 meters of 137 grams per ton gold. Identifying a new high-grade chute that the company says validates its structural targeting approach at Tuscarora. Results from six additional holes at the Kings Vane and East Pediment targets are pending, and an inaugural mineral resource estimate for the district is targeted for the first quarter of 2027. ICG Silver and Gold trades on the Canadian Securities Exchange as ICG.

6:52And Cabral Gold has announced the completion of its first gold sale from the Phase 1 mine at the Cuiu Cuiu Gold District in the state of Parra, Brazil, with more than 2 ,400 ounces sold to a Brazilian refinery at an average net realized price in excess of$4 ,200 per ounce. The sale confirms that the full chain from mining and processing through Dori shipment and refining sale is operational. The dry plant has now transitioned to 24-hour operation with two shifts per day. And the company says the operation remains on schedule and on budget to reach commercial production in the fourth quarter of 2026.

7:34Congratulations, guys. That's a huge move. Cabral Gold trades on the venture exchange with CBR and on the OTCQX's CBGZF. All right, short and sweet here this morning. A little quiet towards the end of the week. We'll see what happens today and into tomorrow. 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.

8:18Please do your own research or speak with a licensed financial representative before making any investment decisions.