Lab Report | Oct 1 Deep Dives on Vizsla, Gen Mining, Nine Mile, and Four Nines Gold
Summary
Vizsla Copper's Palmer project in Southeast Alaska returned high-grade silver, gold and zinc, including a hole hitting 17.69% zinc equivalent.
VMS (volcanogenic massive sulfide) deposits can carry several payable metals at once, and Vizsla's AG zone pairs silver and gold with solid zinc grades.
Nine Mile Metals added a second rig at its Wedge VMS project in New Brunswick, letting it drill exploration targets while the 2026 program continues at the Wedge mine.
Laboucan argues the Bathurst camp is legitimate elephant country, and says a $28 million valuation understates Nine Mile's multiple high-grade targets.
Readers should discount the Generation Mining and Four Nines Gold segments — the transcript repeats filler text there, so no substantive news for them comes through.
Key points on Agnico Eagle Mines
- The host says investors see the Agnico Eagle transaction as validation and de-risking for Vizsla, and argues that projects pulled from a busy major's warehouse and given fresh drilling typically perform well.
- He rejects the criticism that the deal surrenders too much ownership and adds future dilution and financing obligations.
Mike Dufresne's takeaways
- Top takeaway The host credits Dufresne's team at Apex Geosciences as advisors to Nine Mile Metals and says they have had a major impact on how the company goes about its drilling.
- He describes Dufresne as a contact he has known for several years, running a team of geoscientists that does work for a number of companies and that he believes has been successful for Nine Mile.
Peter Mercer's takeaways
- Top takeaway He is quoted saying hole 213 at Palmer returned one of the highest-grade silver intersections reported at the project to date.
- He adds that the result sits within a broader 40-metre mineralised interval, is accompanied by some of the strongest individual gold sample results seen on the property, and that the next step is integrating all three 2026 AG holes into the existing model.
Allan Barry Laboucan's takeaways
- Top takeaway Top point: he presents himself as squarely bullish on Vizsla Copper, saying the platform's read of investor sentiment is strongly bullish and that he is 100% in agreement, citing high-grade drilling, exploration catalysts, management quality and long-term copper demand.
- He argues the negative themes on Vizsla — dilution, financing needs and the terms of the Agnico Eagle deal — are misplaced, because CEO Craig Perry has no trouble raising capital and will do it in a way he thinks benefits the share structure.
- He disputes the critique that Vizsla's share price has lagged strong copper prices, pointing out that management is not chasing short-term blips and instead has several projects to advance at once.
- On Nine Mile Metals he argues the roughly $28 million valuation is too low for a company holding more than one high-grade target in the Bathurst VMS camp, while disclosing he is a shareholder and wants the company to hit hard.
- He cautions that exploration target rankings can change quickly, noting he thinks Tri-Bag targets one and two are the current priorities but that any target could move to the top once drilled.
Patrick Cruickshank's takeaways
- Top takeaway He is quoted as pleased to have the second drill rig on site at the Tri-Bag and West Wedge targets, noting it arrived later than planned because of demand for rigs this season.
- He explains the second rig allows drilling to continue at the Wedge mine while exploration testing begins along the Wedge VMS trend, and says results from the first Tri-Bag hole will guide how the target area is tested next.