Morning Briefing: Ridgeline Minerals Begins Drilling Big Blue
Good morning and welcome to the Mining Stock Daily Morning Briefing. I’m Trevor Hall.
It's Tuesday, March 11th.
It was one of those very volatile days in the markets yesterday with the major indices in the US down meaningfully into correction territory. The NASDAQ was down over 4% at one point in the day as investors remain uncertain on the trajectory of the US and global economy. Gold settled the day down a half a percent, which really wasn’t all that bad compared to stocks. Gold settled at $2,899/oz on the April contract. Silver was down 8/10ths of a percent closing at 32.53/oz. The gold miners per the GDX saw some selling, down 2.7% on the day while some of the recently high-flying juniors on the TSXV saw profit taking. The US Dollar remains in free fall, down 7 straight days in a row as recession fears continue to creep into the psyche of the stock market.
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…Vizsla Silver.
Vizsla Silver is focused on becoming one of the world’s largest single-asset silver producers through the exploration and development of the 100% owned Panuco-Copala silver-gold district in Sinaloa, Mexico. The company consolidated this historic district in 2019 and has now completed over 375,000 meters of drilling. The company has the world's largest, undeveloped high-grade silver resource. Learn more at https://vizslasilvercorp.com/
And here’s what you need to know this morning…..
Angus Gold announced preliminary results from its ongoing exploration drilling program on the Dorset West Zone, as part of its Winter 2025 drilling program at the Golden Sky Project in Wawa, Ontario. Today’s results included 3.5m of 15.6 g/t Au and 5.5m of 1.7 g/t Au, coming from the West side of the trend. The Dorset Gold Trend is now defined for 2.1 kilometres of strike length of continuous mineralization. A fully funded 2025 exploration budget has been approved and 15,000m of drilling is planned for the year. (TSX-V: GUS | OTC: ANGVF) News Release
Idaho Strategic Resources announced additional drill results from its Golden Chest Mine. The company says they intersected high-grade gold in six separate veins most of which are relatively near the mine's current underground infrastructure. The highlight result came from hole 265 which hit 1.3m of the Red Star Vein and assayed 150.25 g/t Au, which was part of a larger 4.5m interval of 50.86 g/t. Other results were 2.2m of 14.38 g/t in hole 264 and .82m of 31 g/t in hole 263. The company says they have a number of drill programs planned for 2025, including further resource expansion drilling at the Golden Chest Mine, exploration drilling of multiple historic mines in the broader Murray Gold Belt District, and their first ever drill program at Eastern Star. (NYSE American:IDR) News Release
Eloro Resources announced further assay results from its drilling program at the potential Santa Barbara starter pit in the Iska Iska silver-tin polymetallic project in the Potosi Department of southwestern Bolivia. Hole DSB-75 intersected the highest grade and longest silver intersection yet obtained in the definition drill program in the potential starter pit area at Santa Barbara, returning 135m grading 151.47g Ag/t from 174.00 m to 309.00m within a wider 309m section grading 90.92 g Ag/t. The company says infill drilling is consistently demonstrating that areas of formerly barren or low grade mineralization actually bear grades that are higher and widths that are significantly longer than those in the current mineral resource model. (TSX: ELO; OTCQX: ELRRF) News Release
Ridgeline Minerals says they have commenced drilling at the Big Blue porphyry copper and gold project in Elko County, Nevada. The maiden drill program has been designed to test high-priority chargeability and resistivity anomalies located directly beneath the historically producing Delker Mine trend with the goal of intersecting the proposed porphyry source to the high-grade Cu-skarn observed at surface. The program will complete an initial 2-hole fence of up to 1,800 meters ("m") starting with core hole BB25-001, with results to be released as they are received. The historic Delker Mine produced 94,434 pounds of copper at an average grade of 6.2% between 1916-1917 from structurally controlled skarn deposits outcropping between the Delker and Skarn Hill mines. (TSXV: RDG) (OTCQB: RDGMF) News Release
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That’s it for today everyone. Have a great day. Stay safe.
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