Morning Briefing: Piedmont's Tennessee Lithium Gets Green Light

Welcome to Mining Stock Daily. I’m Trevor Hall. 

Today is Thursday July 27th. 

Wednesday featured the FOMC policy statement release circus. As expected, gold  rose overnight from $1964 to as high as $1975 before being subjected to the ritualistic beat down when the Comex opens. After getting throttled back down to $1965, the yellow dog yo-yo'd back up to $1980 in the early afternoon before pulling back to settle at $1973. Silver's journey ahead of the Fed was different from the path taken by gold. After grinding sideways in high $24's overnight, the silver price rocketed up to $25.20 mid-morning before pulling back to settle at $25.09. The key takeaway for the Mining Stock Journal is that gold once again appears to be making an assault on $2,000 and silver is back over $25. Further indications that $23 and $1900 are currently lead-solid floors for the metals. The Mining Stock Journal further noted that it believes that a confluence of events are at work that will translate into a monster move higher for the sector later this year. It discusses these factors as well as providing a potpourri of high-octane mining stock ideas in today's new issue of the Mining Stock Journal. You can find out more about this newsletter at InvestmentResearchDynamics.com

We will get to the news from the miners and explorers in a moment, but first a word about today’s sponsor.

This episode of Mining Stock Daily is brought to you by…Fireweed Metals

Fireweed Metals is advancing 3 different projects within the Yukon and Northwest Territories, including the flagship Macmillan Pass Project, a large zinc-lead-silver deposit and the Mactung Project, one of the largest and highest-grade tungsten deposits in the world. Fireweed plans to advance these projects through exploration, resource definition, metallurgy, engineering, economic studies and collaboration with indigenous people on the path to production. For more information please visit fireweedmetals.com.

And here’s what you need to know this morning….

Kodiak Copper reported drill results from the MPD copper-gold porphyry project in British Columbia. These results were the first three drilled this year at the West Zone. Results included 158m of .51% CuEq, 203m of .45% CuEq and 51m of .44%. Kodiak's drilling at the West Zone to date has confirmed porphyry mineralization from surface over an area of 300 metres by 300 metres and up to 819 metres depth, extending well below historic drilling and open to extension. The company says for the first time at the MPD project, significant mineralized hydrothermal breccia has been drilled. The breccia includes copper mineralized clasts suggesting additional undrilled mineralization at depth. (TSXV: KDK) (OTCQB: KDKCF) News Release

FireFox Gold reported results from the inal four holes of the spring 2023 core drilling campaign at the Company's Mustajärvi Gold Project in Lapland, Finland. Drill holes 23MJ005, 23MJ007, 23MJ008 and 23MJ009 at the East Target all encountered intervals of gold mineralization, including 4.20m averaging 5.74 g/t in hole 5 and 2m of 4.75 g/t in hole 8. Company geologists also conducted a limited test trenching campaign over the surface expression of the East Target. The first trench revealed bonanza grade gold mineralization including 6.87 metres that averaged 59.12 g/t Au on the basis of uncut results from 1-kilogram screen fire assays. (TSX.V:FFOX) (OTCQB:FFOXF) News Release

Contact Gold announced first drill results from their 2023 exploration program at the Green Springs gold project located on the prolific Cortez Trend in northeastern Nevada. At the X-Ray Zone, drilling returned 1.14 g/t over 27.43m in hole 6. Hole 7 returned 1.97 g/t over 35.05m and included 10.67m of 5 g/t gold. Results are pending for an additional 9 step-out and offset holes drilled at X-Ray. At the Echo Zone, drilling returned .77 g/t over 19.8m and .38 g/t over 39.62m. The 2023 program is being carried out as part of a US$ 10 million earn-in with a wholly-owned subsidiary of Centerra Gold. (TSXV: C; OTCQB: CGOLF) News Release

Bunker Hill Mining says they have restarted construction work on site of the Bunker Hill Mine in Idaho. The portal rehabilitation contract has been awarded to expand and upgrade the Russell Portal. The company has completed the purchase of a ball mill as the process plant engineering is expected to be complete this quarter. Power infrastructure has also commenced to support mining and processing operations. (CSE: BNKR, OTCQB: BHLL) News Release

Piedmont Lithium announced today that the Tennessee Department of Environment and Conservation issued a Conditional Major Non-Title V Construction and Air Permit for the Company’s proposed Tennessee Lithium project in McMinn County, Tennessee. With receipt of the Air Permit for the planned 30,000 metric ton per year ithium hydroxide manufacturing plant, Piedmont Lithium now holds all the material permits required to begin construction at Tennessee Lithium. The Air Permit issuance marks an important step in developing the approximately $800 million project, which will help significantly bolster the current U.S. lithium hydroxide production capacity of approximately 17,000 tpy. (Nasdaq: PLL; ASX: PLL) News Release

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