Morning Briefing: Precious Metals Find Relief from the Down Week

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, everybody. Welcome back to the Mining Stock Daily Morning Briefing. It's hump day Wednesday, September 2nd. A slight bounce across the metals complex this morning after Tuesday's sharp sell-off. Gold is up over one-tenth of a percent to$4 ,333 an ounce at time of recording. Silver is higher by about half a percent to$64.37. Copper is up four-tenths to$6.53 a pound.

0:48Geopolitical risk has jumped into the top of the macro agenda overnight. Once again, the United States carried out a second round of airstrikes against Iran, and Tehran has retaliated, intensifying a conflict that is keeping energy markets on edge. Crude oil remains near a five-week high as a result, and markets are watching closely for any further escalation that would disrupt oil supply routes. For metals, the geopolitical backdrop is a mixed signal. It provides a haven bit for gold, but rising oil prices add to broader inflationary pressure that could keep bond yields elevated and weigh on the non-yielding metals over time.

1:28And speaking of bond yields, yesterday's extended losses across global fixed income were the primary driver of Tuesday's metals sell-off, and yields remain elevated heading into today. As we discussed yesterday, the combination of Bank of Japan yield curve control unwinding UK yields at their highest since 2008, and the U.S. 10-year approaching 5 % has created a challenging backdrop for precious metals. 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 Equinox Gold. Equinox Gold is a growth-focused gold producer with six operating mines across the Americas, producing approximately 1.1 million ounces of gold annually, entirely from North and South America.

2:19with over 60 % of that production coming from three long-life mines in Canada. On July 31st of this year, Equinox completed its transformative business combination with Orla Mining, creating what the company describes as North America's new senior gold producer, and adding a compelling pipeline of growth projects. Equinox Gold trades on the TSX and the NYSE American, both under the symbol EQX. Hey, everyone. Justin Hewn of Uranium Insider here, inviting you to check out the Going Nuclear podcast, co-hosted by yours truly and Trevor Hall and produced by the Clear Commodity Network. Each episode, we dive deep into the uranium sector and the fast evolving world of nuclear energy and uranium investment.

3:06From supply dynamics to policy developments and market trends, we bring you the insights that matter most to energy investors and industry watchers. You can find Going Nuclear on Apple Podcasts, Spotify, and at clearcommodity.net. Clear Commodity Network, digital news on the physical markets.

3:30And here's what you need to know this morning. Radisson Mining has released results from six new drill holes targeting the Trend 1, Trend 2 gap at the O 'Brien Gold Project in the Abitibi of Quebec. The gap is an 800 meter vertical zone in the center of the deposit that had virtually no previous drilling and was therefore absent from the mineral resource block. All six holes did intersect significant gold and it was headlined by hole 386W4 which returned 52.34 grams per ton gold over 3 meters and included 154 .95 grams per ton gold over 1 meter. demonstrating that the gap between the two trends is a function of insufficient drilling, not lack of mineralization.

4:20This brings the overall hit rate at O 'Brien to 82 % across 120 drill holes in the ongoing 140 ,000 meter program. Radisson Mining trades on the Venture Exchange with RDS and on the OTCQX with RMRDF. Scorpio Gold is out with new results from the gold wedge target at its Manhattan District project in Nevada's Walker Lane Trend. The company reported two broad gold intercepts, including 3.02 grams per ton gold over 48.92 meters, starting at 118 meters depth, and a second broad zone of 1.19 grams per ton gold over 99.94 meters, starting at 94.61 meters. Both intercepts add to an expanding body of evidence at Gold Wedge within the 4 ,700 hectare pest-producing Manhattan District.

5:15Scorpio recently received approval to list American Depository shares on the NASDAQ under the symbol SGLD. We'll report that when it's trading, but for now, they trade on the venture exchange with SGN and on the OTCQB with SRCRF. Pyrrha Gold is reporting asset results from a new hole at the Moby Dick copper gold discovery within the Crippleback Intrusive Suite in central Newfoundland. Hole 118, which is called 100 meters west of the original Discovery Holes, intersected 0.24 % copper equivalent over just under 300 meters from the bedrock surface at 12.6 meters depth. and their included 0.43 % copper equivalent over 56.5 meters and re-entering the mineralized zone below a mafic dike for an additional 0.23 % copper equivalent over 72.7 meters, bringing that total mineralized column to nearly 500 meters down hole.

6:20The copper gold mineralization is now confirmed in three holes across a 4 ,000 meter alteration zone that remains open in all directions. Pirate Gold trades on the Venture Exchange with YARR and on the OTCQB with YARRF. Bricks and Metals is reporting 33 new holes from the Langus Silver Project in the historic Cobalt District of Ontario, highlighted by hole 432 in the Shaft 6 area, which returned 1 meter of 6 ,199 grams per ton silver. included in there included a half meter of almost double that 12 386 grams per ton silver that's over 12 kilograms per ton with 155 holes and just under 34 000 meters drilled this year and a conceptual exploration target of one to two million tons grading 400 800 grams per ton silver Brixton seems to be building.

7:21Pretty compelling case of Lengus. We'll talk more with them later today actually. Brixton Metals trades on the Venture Exchange with the symbol BBB and on the OTCQX with BBBXF. Aztec Minerals has released new drill results from the Tombstone Gold Silver Project in Arizona. Results today returned 83.8 meters of 1.31 grams per ton gold equivalent in oxide mineralization and included 7.6 meters in there of 8.34 grams per ton gold equivalent with the intercept extending the mineralized strike length by a further 255 meters to over 1250 meters. Aztec minerals trades on the venture exchange with AZT and on the OTCQB with AZZTF.

8:12And Kirkland Lake Discoveries has intersected broad near-surface gold mineralization 600 meters west of its Murado deposit at the K.L. South project in the Abbott-Tibby-Greedstone Belt of Ontario. It's in a newly renamed zone called Murado West. Their Hole 37 returned 1.22 grams per ton gold over 69.5 meters from just 33 meters depth and included 5.67 grams per tonne gold over 12 meters. It immediately doubles the east-west extent of the known Murado system and expands the lateral gold footprint to over 1 ,300 meters. Kirkland Lake Discovery's trades on the Venture Exchange with KLDC and on the OTCQB with KLKLF.

8:59Alright, just a ton of exploration and drill results out this morning, So obviously everybody's work throughout the spring and summer, we're starting to get those results trickling in. So it should be an exciting fall. 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.

9:39Please do your own research or speak with a licensed financial representative before making any investment decisions.