Morning Briefing: Aztec Minerals Drills 103.6m of .75 g/t AuEq at Tombstone
Good morning and welcome to the Mining Stock Daily Morning Briefing. I’m Trevor Hall.
Its Thursday, November 21st.
Gold continued its positive momentum yesterday, adding another $20 to its price and closing the day at $2651 per ounce. Geopolitics between Russia and the West are given credit for the main reason for the price action. But it also happened with the US dollar also rising, which represents somewhat of a decoupled move. This is something gold investors have witnessed before this year. Silver, on the other hand, did not share in the safe-have buying and actually fell yesterday, down 8/10ths of a percent to 31.05. Copper has found a bit of a bounce this week after touching down at $4/lb, but the price movement appears more of a relief rally than signs of economic growth. Copper is currently trading at $4.13/lb.
We’ll get to the news from the miners and explorers here in a moment, but first a quick word about today’s sponsor.
This episode of Mining Stock Daily is brought to you by… Arizona Sonoran Copper
Arizona Sonoran Copper Company (ASCU:TSX) is focused on developing its brownfield copper project on private land in Arizona. The Cactus Mine Project is located less than an hour's drive from the Phoenix International airport. Grid power and the Union Pacific Rail line situated at the base of the Cactus Project main road. With permitted water access, a streamlined permitting framework and infrastructure already in place, ASCU's Cactus Mine Project is a lower risk copper development project in the infrastructure-rich heartland of Arizona.For more information, please visit www.arizonasonoran.com.
And Here’s what you need to know this morning…..
Aztec Minerals says drilling at the Tombstone Property in Arizona has intersected broad gold and silver oxide mineralized zones in the first two step-out RC drill holes in the Contention Open Pit target area. Hole 1 returned 103.6m of .75 g/t AuEq while hole 2 returned 149.4m of .3 g/t AuEq. These are the first two holes of a 12 hole program, but as a result of the promising assays, the company and their JV management committee have approved an expansion of the program to 18-20 holes and 3,000m. (AZT: TSX-V, OTCQB: AZZTF) News Release
West Red Lake Gold reported results from additional drill holes at the Upper 8 target on the Madsen Property in Ontario. Results included 1.5m of 21.44 g/t Au in hole 17 and 2m of 7.41 g/t Au in hole 21. The company has now successfully defined a new ore shoot at Upper 8 that is approximately 30m wide and 130m along plunge. This is a new zone of mineralization and remains open at depth. (TSXV: WRLG) (OTCQB: WRLGF) News Release
Scottie Resources shared new assays from its 2024 drilling of the O-, M-, and N Zones at the historic Scottie Gold Mine. Results included 8.3 g/t Au over 9.7m and 10.9 g/t Au over 4.2m. These results will be utilized for the upcoming maiden mineral resource estimate planned for Q1, which will entail a combination of the historic mine area and the newly discovered Blueberry Contact Zone. (TSXV: SCOT) (OTCQB: SCTSF) News Release
Aldebaran Resources says field activities are underway and drilling has commenced at the Altar project in San Juan, Argentina. The Company has secured five drill rigs for the 2024/2025 field program, with an option on a sixth, and is targeting approximately 25,000 m of drilling. This year’s field season will focus primarily on collecting information required to complete a Pre-Feasibility Study in the second half of 2026. (TSX-V: ALDE, OTCQX: ADBRF) News Release
Artemis Gold provided an update on its Blackwater Mine and says first ore has been fed to the processing facility's crushing circuits. Full handover of the crushing circuit from commissioning to the operations team is expected within the next few weeks. The renewable grid power line and substation has been successfully commissioned and is now feeding the Blackwater site as planned. With the 25kV site-wide power reticulation almost complete, the Company expects to gradually shut down and demobilize the diesel power generation units across the site before the end of 2024. The Company expects to feed first ore to the ball mill in the next few weeks and continues to target first gold pour before year end. The project remains fully funded. (TSXV: ARTG) News Release
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 by our friends at the Junior Mining 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.