Morning Briefing: Surge Copper Formally Enters Environmental Assessment Process

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. And good morning, everybody. Welcome back to the Mining Stock Daily Morning Briefing. It is Wednesday, September 16th. Gold's having a strong start to the morning. It's up 1.3 % to 4 ,348 an ounce. Silver is outperforming up 2 % to$64.92. Copper is also higher, adding 1.3 % to$6.45 a pound. On the energy side, crude is lower with Brent down about a percent and a half to$107.

0:48And WTI, it's off more than 2.3 % to$103 a barrel. The big macro story today obviously is the Federal Reserve. This is an FOMC decision day and markets are broadly expecting the Fed to raise rates again, continuing what has been an aggressive tightening cycle. The strength in gold and silver this morning, despite the expectation, is notable and suggests that precious metals investors are reading this backdrop as an inflation story more than a rising rate headwind. Also worth noting this morning is a tightening in diesel markets. Bloomberg reported last week that U.S. diesel stocks have fallen to their lowest level since 2003, heading into a period of peak seasonal demand.

1:36For mining companies which rely heavily on diesel to power equipment and run operations at remote sites, this is a cost structure story that we'll bear watching as companies report their next round of quarterly numbers. So one to pay attention to. 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 completed a business combination with Orla Mining back in July, creating what the companies are calling North America's new senior gold producer. Equinox is tracking approximately 1.1 million ounces of gold production across the combined portfolio this year.

2:17with a funded pathway to almost 2 million ounces as its North American growth pipeline develops. Equinox Gold trades on the TSX and the NYSE American, both with 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. From supply dynamics to policy developments and market trends, we bring you the insights that matter most to energy investors and industry watchers.

2:58You can find Going Nuclear on Apple Podcasts, Spotify, and at clearcommodity.net. Clear Commodity Network, digital news on the physical markets.

3:12And here's what you need to know this morning. Tocqueville Adventures has extended the continuous gold corridor at the El Mesquite trend in Sonora, Mexico to approximately 1 ,400 meters, with a step-out hole intersecting mineralization roughly 100 meters north of the core of the system, and the best result in a new batch of assays. Hull 172 returned 81.1 meters of 0.48 grams per ton gold from just 13.5 meters depth. In there also included 47.65 meters of 0.8 grams per ton and 2.75 meters of 8.44 grams per ton gold and 54 grams per ton silver. The company is targeting production of its first gold silver dore in the fourth quarter of this year.

3:59Tokvan Ventures trades on the CSE with TOC and on the OTCQB as TCVNF. Freegold Ventures has reported new high-grade drill results from the Golden Summit deposit in Alaska. Highlighted with hole 2634, it was returning 102.8 meters of 3.1 grams per ton gold from 460 meters depth and included 55.9 meters of 5.18 grams per ton and 1.2 meters of 183 grams per ton. It's strengthening the case for a 29 million ounce resource as the company advances a pre-feasibility study targeted for 2027. The camp was also recently connected to grid power, eliminating diesel generation costs. Freegold Ventures trades on the TSX as FVL and on the OTCQX with FGOVF.

4:57G-Mining Ventures has confirmed a new gold discovery at the Grodia Coal Target within its Garupi project in Brazil, with Maiden drilling returning 23 meters at 1.97 grams per ton gold, and there included 9 meters of 4.24 grams per ton. While additional drilling extended the blanket deposit 250 meters beyond the current resource shell, and depth drilling at the operating Tokentanzio mine in Parra confirmed continuity with 78.1 meters of 1.81 grams per ton gold below the existing pit design. An updated Garupi resource estimate and a preliminary economic assessment are both expected before year end.

5:39G Mining Ventures trades on the TSX with GMIN and on the OTCQX as GMINF. K2 Gold has confirmed strong gold solubility at the Dragonfly Zone on its Mojave project in California, with 211 samples across 7 drill holes returning an aggregate return ratio of 97.1%, indicating that nearly all of the gold in the system is amenable to standard heap leach processing, consistent with oxidation observed to at least 180 meters depth. A bottle roll metallurgical program is the next step, and the company holds more than$27 million in the treasury to advance the work. K2 Gold trades on the venture exchange with KTO and on the OTCQX with KTGDF.

6:33intrepid metals has commenced a 10 000 meter drill program and a 65 line kilometer induced polarization and mt survey at the corral copper project in arizona with roughly half the meters targeting carbonate replacement deposit extensions where a previous hole returned almost 113 meters of one and a half percent copper and the other half representing the first ever drill test of the porphyry source believed to underlie the crd system porphyry drilling is expected to begin in late october with the equity stakeholder tech resources obviously watching closely intrepid metals trades on the venture exchange with intr and on the otcqb with imtcf surge copper has formally entered the environmental assessment process for the Berg Copper Molybdenum Silver Gold Project in Central British Columbia.

7:29After the company's initial project description, submitted September 9th, was accepted by both the BC Environmental Assessment Office and the Impact Assessment Agency of Canada. It's commencing the early engagement and planning phases of the provincial and federal reviews. Berg is backed by a June 2026 pre-feasibility study outlining a 120 ,000 ton per day open pit operation with a 28-year mine life. Host an after-tax NPV of$4.6 billion Canadian and a 24 % internal rate of return. Surge copper trades on the Venture Exchange with SURG and on the OTCQB with SRGXF. 1911 gold has hit a string of operational milestones at the true north mine in manitoba including the completion of level 26 dewatering the commissioning of the level 16 to 26 ore pass chute needed to move mineral material to surface and the mobilization of underground contractor scr mining and tunneling with a new fleet of equipment collectively bringing the operation to the threshold of test mining this fall ahead of a planned 2027 production decision the primary ball mill and freshwater system are now operational and major crushing circuit components are on track for delivery in mid-november in mid-november excuse me 1911 gold trades on the venture exchange with aumb and on the otcqx with aumbf and Gunnison Copper and Newton LLC a Rio Tinto venture have revised the stage two mine plan at the Johnson Camp mine in Arizona to add approximately three million additional tons of mineralized material expected to be mined between 2027 and 2029 with Newton agreeing to make a eight million dollar U.S.

9:26payment to Gunnison in the fourth quarter of this year in connection with the expanded scope. The revised plan preserves the experienced on-site workforce through the demonstration period and an operating copper cathode producer with production capacity of up to 25 million pounds of copper per year. Gunnison Copper trades on the TSX with GCU and on the OTCQB with GCUMF. All right, that's it for the Mining Stock Daily Morning Briefing, which 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.

10:06Be 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. Thank you.