Morning Briefing: Collective Mining announces plans for an expanded 70,000 meter drill program
Good morning and welcome to the Mining Stock Daily Morning Briefing.
It's Tuesday, April 2nd.
Gold futures reached an unprecedented high as investors flock to the precious metal amid growing economic uncertainty surrounding impending tariff policies. The most active June contract closed the New York session at $3,152.20, marking a modest gain of $1.90 (0.06%), after touching an all-time peak of $3,177 during intraday trading. The technicals remaining overbought, but while tariff uncertainty clouds the markets, current conditions may continue. Silver on tuesday traded as high as 34.30. Both metals are steady this morning in early trading.
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…Calibre Mining
Calibre is a Canadian-listed, Americas focused, growing mid-tier gold producer with a strong pipeline of development and exploration opportunities across Newfoundland & Labrador in Canada, Nevada and Washington in the USA, and in Nicaragua. The company recently announced a deal to merge with Equinox Gold. The transaction will create an Americas-focused diversified gold producer with a portfolio of operating mines in five countries anchored by two high-quality, long-life, low-cost Canadian gold mines, Greenstone and Valentine. You can learn more at https://www.calibremining.com/
And here’s what you need to know this morning…..
Collective Mining announced plans for an expanded drill program following the successful completion of its recent financing for C$63.4 million. With a robust treasury totaling more than US$78 million, the Company is more than fully funded for an expanded 70,000 metre drill program in 2025. The revised program will now include up to ten diamond drill rigs in operation across the Guayabales and San Antonio projects and will be the largest in the history of the Company. Additionally, the Company will accelerate baseline environmental, hydrological and metallurgical studies so that permitting could begin in the future at a faster pace than originally envisioned. Collective Mining trades on the NYSE: CNL) (TSX: CNL - News Release
Abra Silver announced new assay results from the recently completed Phase IV drill program on its wholly-owned Diablillos project in Argentina. The latest results from step-out drilling at the JAC Extension and Oculto Northeast zones, returned multiple high-grade silver intercepts beyond the current conceptual open pit margins. These results are expected to contribute to a meaningful increase in the upcoming Mineral Resource estimate, scheduled for release in mid-2025, which will form the basis for the Definitive Feasibility Study that is currently underway.
Highlights include:
At the J-A-C extension, Hole DDH 24-077 returned 41 metres at 113 g/t Ag, starting at 88 m down-hole depth
At Oculto Northeast, Hole DDH 24-074 Drilled 100 m beyond the margin of the Oculto Mineral Resource and returned 10 m grading 1.49 g/t Au and 56 g/t Ag in oxides, from a down-hole depth of 206 m.
Abra Silver trades on the TSX: ABRA; OTCQX: ABBRF - News Release
Radisson Mining Resources announced assay results from three new drill holes at its 100%-owned O'Brien Gold Project located in the Abitibi region of Québec. The three holes reported are all wedges completed from the previously reported pilot hole OB-24-337. Hole 337 was the deepest hole ever drilled at the Project and the first hole drilled directly below the historic O'Brien Mine workings. The three new wedges have all returned high-grade gold intercepts, delineating a large zone of multiple veins with good continuity.
Highlights include:
OB-24-337W3 intersected 29.9 g/t Au over 2.2 metres, including 53.50 g/t Au over 1.2 metres and 4.54 g/t Au over 3.0 metres
OB-24-337W1 intersected 4.4 g/t Au over 6.4 metres, including 18.65 g/t Au over 1.2 metres; and,
OB-24-337W2 intersected 9.62 g/t Au over 1.4 metres.
Radisson trades on the TSXV: RDS & OTCQB: RMRDF - News Release
Integra Resources announced the formal submission of the updated Mine Plan of Operations to the U.S. Bureau of Land Management for the DeLamar Project located in southwestern Idaho. This regulatory milestone marks the initiation of the federal permitting process under the National Environmental Policy Actand represents a major achievement in the advancement of DeLamar. In parallel with the submission of the MPO, Integra is pleased to announce the appointment of U.S. Air Force Lieutenant General, 3-star, (Ret.) Leonard "Leo" Kosinski as a strategic Board Advisor. General Kosinski brings over three decades of high-ranking military, governmental, and international leadership experience that will support the Company's growing engagement with federal stakeholders as permitting and development activities accelerate at DeLamar. Integra trades on the TSXV: ITR & NYSE American: ITRG - News Release
And Ivanhoe Mines announced that the company has been granted by the Government of the Republic of Zambia a vast, seven thousand square kilometre package of new exploration licences in the highly-prospective North-Western Province of Zambia. Ivanhoe's thesis behind the strategically selected license package is to explore for an extension of the Central African Copperbelt. The new license package, as shown in Figure 1, is strategically located between Ivanhoe's Western Forelands Exploration Project (230 km to the northeast) and the company's Angolan exploration licence package (130 km southwest). The Zambia license cover an area over three times larger than the Western Forelands Exploration Project. Ivanhoe TSX: IVN & OTCQX: IVPAF - News Release
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That’s it for today everyone. Have a great day. Stay safe.
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