Mining Stock Daily

Gold and silver prices continue to rise, with gold hitting a new all-time high. Jordan Roy-Byrne discusses the cup and handle pattern and predicts a measured upside target of around $3,000 for gold. He also mentions a potential long-term target of $4,000 or even $5,000 to $6,000 if there is a recession in the stock market. The conversation then shifts to the fundamentals, with a focus on inflation and the Federal Reserve's actions. Jordan explains that gold and silver are indicating that the Fed doesn't have good options and that inflation is increasing. Geopolitics and the junior sector are also briefly discussed.

Magna Mining CEO, Jason Jessup, discusses the recent nickel, copper and PGM exploration results at the 109 footwall zone at Crean Hill in Sudbury. The drill results show high-grade nickel, copper, and precious metals, highlighting the potential of the area. The company plans to include the 109 footwall zone in their mineral resource estimate update and is working on an alternative processing scenario for better recoveries. They are also preparing for advanced exploration and test mining before the end of June. Additionally, Jason talks about the Palladium Valley target and other regional drilling projects.

Trevor and Zach Flood of Kenorland Minerals discuss the current state of the precious metals sector and explore the latest developments in Kenorland's exploration projects. They cover topics such as the South Uchi project, the Ontario junior exploration program grant, the Manitoba Mineral Development Fund grant, and the Tanacross project. They also touch on Kenorland's buyback program and the potential for future drilling at the O'Sullivan project.

There are new drill results to report from Magna Mining, Red Pine Exploration and BeMetals this morning. G2 Goldfields updated its resource estimate at OKO. Defense Metals appoints a new Director.

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Arizona Sonoran Copper Company (ASCU:TSX) is focused on developing its brownfield copper project on private land in Arizona, a tier 1 location. The Cactus Mine Project is located less than an hour's drive from the Phoenix International airport via highway i-10, and with 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.

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.

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 325,000 meters of drilling. The company has the world's largest, undeveloped high-grade silver resource. Learn more at⁠⁠⁠⁠⁠⁠⁠ ⁠https://vizslasilvercorp.com/⁠⁠⁠⁠⁠⁠⁠⁠

Victoria Gold operates the Eagle Gold Mine within the Dublin Gulch Property. Eagle is the largest gold mine in Yukon's long history of gold production. In addition to the long-life Eagle Gold Mine, the Dublin Gulch property has upsized exploration potential including priority targets Raven and Lynx among others. Follow all the gold production and exploration news at ⁠⁠⁠⁠⁠⁠⁠⁠vgcx.com⁠⁠⁠⁠⁠⁠⁠⁠.

Trevor and CEO Shawn Khunkhun discuss the recent outperformance of silver in the market and the potential for a silver bull market. They also talk about Dolly Varden Silver's recent financing and exploration plans. The conversation highlights the growing industrial demand for silver and the challenges in silver mining and exploration. The main takeaway is that silver is showing early signs of outperformance and there are opportunities for investors in silver equities.

Warwick Smith of American Pacific Mining joins us for his editorial comments on the drilling budgeted for both the Palmer Project in Alaska and the Madison Project in Montana.

This morning, Trevor connected with Simon Hunt of Simon Hunt Strategic Services. The premise of the conversation was to discuss the current copper market and China's involvement with the spot price. We do discuss this, including some of the latest news out of China's smelting capacity. But the conversation also provides a backdrop of geopolitical escalations with both Russia and Israel. These dynamics could have very powerful headwinds for the commodities complex, which Simon believes is getting ahead of itself at the current moment.

New drill results from Ivanhoe Electric and Talisker Gold. MP Materials received $58.5M Award from DoE. Stallion Uranium says it has encountered anomalous radioactivity in the first completed hole. Scottie Resources has a financing deal with Franco-Nevada.

We'd like to thank our sponsors:

Arizona Sonoran Copper Company (ASCU:TSX) is focused on developing its brownfield copper project on private land in Arizona, a tier 1 location. The Cactus Mine Project is located less than an hour's drive from the Phoenix International airport via highway i-10, and with 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.

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.

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 325,000 meters of drilling. The company has the world's largest, undeveloped high-grade silver resource. Learn more at⁠⁠⁠⁠⁠⁠ ⁠https://vizslasilvercorp.com/⁠⁠⁠⁠⁠⁠⁠

Victoria Gold operates the Eagle Gold Mine within the Dublin Gulch Property. Eagle is the largest gold mine in Yukon's long history of gold production. In addition to the long-life Eagle Gold Mine, the Dublin Gulch property has upsized exploration potential including priority targets Raven and Lynx among others. Follow all the gold production and exploration news at ⁠⁠⁠⁠⁠⁠⁠vgcx.com⁠⁠⁠⁠⁠⁠⁠.

Chase Taylor of Pinecone Macro discusses his background and experience in finance and macroeconomics in this week's long-form on MSD. He shares the challenges of standing out in the macro research industry and the importance of making calls and learning from mistakes. The conversation then delves into the lessons learned from 2023 and the expectations for 2024. The similarities to the late 1990s cycle and the potential impact of rate cuts on asset prices are explored. Finally, the conversation concludes with a discussion on long-term demographic changes and their inflationary effects.

In this conversation, Chase Taylor and Trevor discuss various topics including the impact of immigration and population decline, the rise in commodity prices, the demand for raw materials in digital infrastructure, and the role of gold as a safe haven. Chase Taylor shares his insights and observations on these subjects, providing valuable analysis and predictions. Overall, the conversation highlights the interconnectedness of global trends and the importance of understanding their implications.

Vizsla Silver CEO, Mike Konnert, discusses the acquisition of the La Garra-Metates district and the potential it holds for the company. The district is a forgotten, high-grade Spanish mining district with similarities to the San Dimas and Panuco districts. The focus remains on the Panuco District, but the La Garra-Metates district offers additional upside for shareholders. The conversation also covers the recent intercepts at the Copala Splay system and the upcoming royalty spin co.