Morning Briefing: Lithium Americas Adds Significant Reserves to its Thacker Pass Mineral Reserves and Resource Estimate
Good morning and welcome to the Mining Stock Daily Morning Briefing. I’m Trevor Hall
Its Tuesday, January 7th.
Gold prices fell slightly yesterday as the yields of US Treasuries continued their rise. Front month futures on the yellow metal closed at $2,647/oz, or a quarter of a percent, seeing some gain off of its session lows. Silver outperformed as it rose more than 1 and a half percent on the day, closing at $30.58 per ounce. There was some speculation that President-Elect Trump would pull-back on the severity of some of his tariff policies, a rumour he later stated to be untrue. This caused some whiplash in markets. This morning, both metals are showing green candles ahead of some economic data.
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 Nicaragua. With a strong balance sheet, a proven management team, strong operating cash flow, accretive development projects and district-scale exploration opportunities Calibre will unlock significant value. https://www.calibremining.com/
And Here’s what you need to know this morning…..
G2 Goldfields published results from a total of 54 diamond drill holes this morning from the Oko Project in Guyana. A new high-grade shoot was discovered between the Ghanie and the Oko gold zones with a drill results of 13.5m of 5.7 g/t Au and 4m of 36.8 g/t Au. The Ghanie Main Zone was extended to depth with 4m of 11.6 g/t Au and 3m of 12.1 g/t. Drilling also extended the Oko Main Zone Shear with a drill hit of 18m of 3.1 g/t Au and 5.6m of 2 g/t. The company looks to publish an updated mineral resource estimate later this quarter with the new results incorporated into the data. (TSX: GTWO; OTCQX: GUYGF) News Release
Aya Gold & Silver released new drill results from its at-depth drill program at the Zgoudner Silver Mine in Morocco. In the Eastern Zone near the open-pit area, drilling returned 2,425 g/t Ag over 17m and 1,356 g/t Ag over 20m. In the central Zone, form the 1,950m level, drilling returned 1,119 g/t Ag over 6m. And at depth near the granite contact, results included 1,071 g/t Ag over 3.5m. The company drilled just under 35,000m in 2024. (TSX: AYA; OTCQX: AYASF) News Release
Dolly Varden Silver announced infill, step-out and resource expansion drill results from the Wolf Vein. Drill hole DV24-421 is a significant 120 meter step-out down the plunge of the high grade silver zone and intersected 379 g/t Ag, 0.64% Pb and 0.66% Zn over 21.69 meters. The consistent thickness and silver grade of the mineralized zone remains wide open for expansion as it plunges to the southwest. Other results in today’s release included 465 g/t Ag over 7.67m and 357 g/t Ag over 9.17m. (TSXV: DV) (OTCQX: DOLLF) News Release
Scottie Resources reported enw assays form its 2024 drilling of the O-, M- and N Zones at the historic Scottie Gold Mine. Results included 20.2 g/t Au over 2.6m at the O zone and 9.5 g/t over 3m at the M zone. These are the final results from the season’s work. The company will incorporate these results into a resource estimate this year. (TSXV: SCOT) (OTCQB: SCTSF) News Release
Lithium Americas published an updated mineral resource and reserve estimate for the Thacker Pass project in Nevada. Proven an dProbable reserves are now estimated to be 14.3Mt lithium carbonate equivalent at an average grade of 2,540 ppm lithium. Thats an increase of 286% since its November 2022 feasibility study. The Measured and indicated resource increased 177% to 44.5Mt. The company is targeting an expansion plan of 160,000 tonnes per year of battery-quality lithium carbonate production capacity in four phases of 40,000 t/y each, respectively. (TSX: LAC) (NYSE: LAC) News Release
Ridgeline Minerals says they have a new project in their portfolio called Atlas. The oxide-gold project is located in Eureka County, Nevada and it was acquired through staking the 59 lode claims totaling just over 1,200 acres. The project comes with some extensive historical rock chip samples with grades of up to 7.7 g/t Au and 3.2 g/t Au. The company says they will focus on a 3D model and permitting initiatives in Q1 and also prepare a maiden drill program in Q2. (TSXV: RDG, OTCQB: RDGMF) News Release
Highlander Silver has announced the appointment of Daniel Earle as President and Chief Executive Officer of the Company, effective immediately. He succeeds Richard Warke, Interim President and CEO, who will continue to serve on the Board of Directors. Daniel Earle has over 20 years of experience in the mining sector and capital markets, most recently serving as the President and CEO of Solaris Resources. (CSE:HSLV) News Release
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That’s it for today everyone. Have a great day. Stay safe.
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