Happy Friday, apes.
Pour the double-double and keep one eye on the tape, because oil is doing all the shouting into the weekend.
Crude ripped again Friday after fresh U.S. and Iran strikes hit Gulf infrastructure, and the Strait of Hormuz stayed choked, while gold slipped and silver quietly went the other way.
Under the macro noise, the drills kept turning: Vior stretched its Abitibi gold zone past a kilometre and a quarter, and a formation the patch left for dead came back pumping oil.
📊 Commodity Ape Quick Stats
🥇 Gold (spot): $3,984/oz 🔻
🥈 Silver (spot): $56.88/oz 🔺
🔶 Copper: $6.19/lb 🔻
☢️ Uranium (U₃O₈ spot): $85.45/lb 🔺
🛢️ WTI Crude: $82.49/bbl 🔺
🔥 Natural Gas (Henry Hub): $2.92/MMBtu 🔺
📈 TSX-V Composite: 891 🔺
💵 U.S. Dollar (DXY): 100.8 🔺
⛏️ The Motherlode: Vior stretches its Abitibi gold zone past 1.3 kilometres
What happened: Vior Gold (TSXV: VIO) reported new holes from its 30,000 metre program at the 100%-owned Ligneris project, 55 km northwest of Amos in Quebec's Abitibi.
Hole LI-26-034 cut 7.37 g/t gold over 2.0 metres (including 12.6 g/t over 1.0 m) at 564 m depth, plus 3.45 g/t over 3.7 m and 3.26 g/t over 2.0 m in the same hole.
Hole LI-26-024 returned 5.17 g/t over 2.90 metres (including 13.4 g/t over 1.0 m). The hits push the South Zone to more than 1,300 metres of strike.
Why it happened: These are fill-and-extend holes, not a discovery moonshot: narrow, high-grade rhyolite-hosted intercepts that keep stitching the same corridor wider and deeper.
Vior has drilled about 23,600 metres so far, has more than 6,000 assays still pending at the lab, and just put a second rig to work at nearby Kinebik.
What it means for your position: A 1.3 km high-grade corridor with thousands of assays still in the lab is the kind of momentum that grows an ounce count, not a one-day pop.
True widths run 65 to 80% of core length, so haircut the headline grades, and keep the skeptic's hat on the share count as the drilling bill climbs. But Vior is doing the boring, bankable work.