Key macro instruments that drive gold price movements: dollar, yields, risk appetite
Gold has a reputation as an inflation hedge. Does it actually work?
Gold has long been viewed as a reliable hedge against inflation, a perception that continues to influence investor sentiment. Historically, during periods of rising prices, gold has demonstrated a tendency to retain its value, making it an attractive asset for those seeking to protect their purchasing power. However, the effectiveness of gold as an inflation hedge can vary depending on the broader economic context and the specific dynamics at play. As inflation rates fluctuate, so too does the demand for gold, which can lead to volatility in prices. Investors should consider that while gold may serve as a safeguard against inflation, its performance is also influenced by factors such as interest rates and currency strength. In times of rising interest rates, for instance, the opportunity cost of holding non-yielding assets like gold increases, potentially dampening demand. Additionally, the strength of the dollar plays a crucial role; a stronger dollar often correlates with weaker gold prices, as it makes gold more expensive for foreign buyers. Central bank policies and geopolitical tensions can further complicate the landscape, as they may drive safe-haven demand for gold. Overall, while gold retains its status as a potential inflation hedge, investors must remain vigilant and consider the multifaceted influences that can impact its performance in varying economic conditions.
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BC-Gold Futures
Gold prices are roughly flat today, reflecting a minor uptick of around 0.03%. This stability comes amid a backdrop of fluctuating U.S. Treasury yields, which have seen a slight decline, with the 10-year bond yield down about 1.11%. Lower yields typically support gold, as they reduce the opportunity cost of holding non-yielding assets like bullion. Additionally, the U.S. dollar's performance remains a crucial factor; any strengthening of the dollar can pressure gold prices, while a weaker dollar tends to bolster demand for gold as an alternative store of value. Geopolitical tensions and inflation concerns continue to loom, keeping investor sentiment towards gold cautiously optimistic. Central bank demand remains robust, with many institutions diversifying their reserves into gold, which underpins long-term price stability. ETF flows have also been relatively stable, indicating sustained interest from institutional investors. As we navigate these macroeconomic factors, it is essential for investors to remain vigilant about shifts in monetary policy and global economic indicators that could influence gold's trajectory. Overall, while today's price movement is modest, the underlying dynamics suggest that gold remains a critical asset in a diversified portfolio amidst ongoing uncertainty.
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High-Tech Metals signs ore purchase deal with Forrestania
Gold is roughly flat today as market participants digest various factors influencing prices. The ore purchase deal between High-Tech Metals and Forrestania, allowing for the acquisition of up to 400,000 tons of ore over the next 24 months, introduces a dynamic that could impact supply chains but does not directly alter gold's immediate market fundamentals. Pricing linked to grade and gold price suggests that fluctuations in gold values will directly affect the economics of this deal, potentially influencing investor sentiment. As we navigate through a landscape of rising interest rates and a strong dollar, gold's appeal as a hedge against inflation remains a critical consideration. Central bank demand continues to play a significant role, with many institutions looking to bolster their reserves amid economic uncertainty. ETF flows have also been relatively stable, indicating that investor interest in gold remains intact despite the current price stagnation. Geopolitical tensions persist, adding a layer of complexity that often drives safe-haven buying. Investors should note that while the ore deal may not have immediate implications for gold prices, it reflects ongoing activity in the broader commodities market that could influence sentiment. Overall, the interplay of these factors suggests that gold will continue to be influenced by macroeconomic trends rather than isolated developments in the mining sector. As we move forward, maintaining a close watch on these elements will be essential for understanding gold's trajectory.
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What Backs the US Dollar Today?
Gold is roughly flat today as the market digests the ongoing dynamics of the U.S. dollar, which remains unbacked by gold since 1971. The dollar's current support stems from legal frameworks, taxing power, and persistent global demand, which collectively underpin its value. This situation creates a complex backdrop for gold, as a strong dollar typically exerts downward pressure on gold prices. However, the intrinsic value of gold as a hedge against inflation and currency devaluation remains compelling for investors. With inflationary pressures still evident, gold retains its appeal as a safe haven asset. Additionally, geopolitical tensions can drive demand for gold, as investors seek stability in uncertain times. Central bank policies and their impact on interest rates also play a crucial role in shaping gold's trajectory. As yields fluctuate, they can influence the opportunity cost of holding non-yielding assets like gold. ETF flows continue to reflect investor sentiment, with any significant shifts potentially impacting gold's price movement. Overall, while the dollar's backing may be rooted in legal and economic structures, gold's enduring value proposition remains relevant in today's financial landscape.
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SPDR Gold Shares vs. iShares Silver Trust: Looking for an Inflation Hedge? One Could Have the Edge
Gold remains a critical asset for investors seeking protection against economic uncertainty, particularly in the current environment marked by rising inflation concerns. The SPDR Gold Shares ETF continues to attract significant interest as a hedge, reflecting a broader trend where investors are increasingly turning to gold for stability. In contrast, the iShares Silver Trust presents a different opportunity, appealing to those who may be looking for a more volatile but potentially rewarding investment in precious metals. The divergence in demand between these two ETFs highlights the distinct roles that gold and silver play in an inflationary landscape. As inflation persists, gold's historical reputation as a safe haven is likely to bolster its appeal, especially among sophisticated investors. Additionally, the ongoing geopolitical tensions and central bank policies further underpin gold's status as a reliable store of value. Investors should note that while both gold and silver serve as hedges, gold's relative stability often makes it the preferred choice during times of economic distress. ETF flows into gold suggest a robust appetite for the metal, reinforcing its position in diversified portfolios. As we navigate these uncertain times, the dynamics between gold and silver will continue to evolve, but gold's foundational role in wealth preservation remains unchallenged. Overall, the current market conditions favor gold as a strategic asset for those looking to hedge against inflation and economic volatility.
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How Could the Midterm Elections Impact the Gold Market?
Gold is roughly flat today as we approach the midterm elections, with expectations of significant gains for Democrats. Historically, such political shifts can influence market sentiment and policy direction, which in turn affects gold prices. If the elections lead to changes in fiscal policy or increased government spending, we could see inflationary pressures rise, potentially boosting gold's appeal as a hedge. Conversely, if the elections result in a more stable political environment with less uncertainty, we might see a stronger dollar and higher yields, which typically weigh on gold prices. Investors should note that the interplay between political outcomes and economic policy will be crucial in determining gold's trajectory in the coming weeks. Central bank demand remains a key factor, as any shifts in monetary policy could further impact gold's attractiveness. Additionally, geopolitical tensions could also play a role, as uncertainty often drives investors toward safe-haven assets like gold. Overall, the upcoming elections present a complex landscape for gold, with potential for both upward and downward pressure depending on the outcomes and subsequent policy changes. As we navigate this period, staying attuned to these dynamics will be essential for understanding gold's movements.
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Precious Metals Market Currently a Battleground
Current conditions are creating a battleground for precious metals, particularly gold and silver, as high global fiscal deficits and persistent inflation pressures continue to shape the market landscape. Sticky inflation, evidenced by hot Consumer Price Index (CPI) and Producer Price Index (PPI) readings, reinforces the case for gold as a hedge against eroding purchasing power. Additionally, concerns surrounding debt sustainability are prompting investors to seek refuge in safe-haven assets, further supporting gold prices. Central banks remain active buyers, contributing to structural demand that underpins the market. ETF inflows also reflect a growing appetite for gold, as investors look to diversify their portfolios amid economic uncertainty. Despite these supportive factors, the market remains volatile, with short-term fluctuations influenced by interest rate movements and the strength of the dollar. As yields rise, they can exert downward pressure on gold, making it essential for investors to monitor these dynamics closely. The interplay between inflation, fiscal policy, and geopolitical tensions will continue to drive gold's appeal as a store of value. In this environment, gold's role as a hedge against systemic risks becomes increasingly relevant, suggesting that investors should remain vigilant and consider their positions carefully. Overall, while gold may be flat today, the underlying fundamentals indicate a complex and evolving landscape that warrants attention.
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(TSXV:ARO) Arc Mineral Royalties Ltd. has filed an updated technical report prepared in accordance with National Instrument 43-101 relating to the Mt Henry Gold Project in Western Australia. The technical report supports the disclosure outlined in Arc's news release dated September 15, 2026. The report is available under the company's profile on SEDAR+ at www.sedarplus.ca. Arc Mineral Royalties Ltd. is a mining royalty and streaming company focused on building a portfolio of high-conviction royalty assets. The company has a strategic partnership with Karri Capital Partners, combining royalty management and project development expertise. Arc's foundational royalty is a 1% net smelter return (NSR) royalty over the Mt Henry Gold Project in Western Australia. Arc also holds an option to acquire an additional 1% NSR royalty on the same project. The Mt Henry Gold Project is located in Western Australia. The company is focused on both traditional royalty transactions and differentiated royalty creation opportunities. The updated technical report was prepared to comply with NI 43-101 standards. The filing of the technical report is intended to support previous disclosures made by the company. The company continues to pursue its strategy of expanding its royalty portfolio. The partnership with Karri Capital Partners is highlighted as a key element of Arc's business model.
(TSX:CG, NYSE:CGAU) Centerra Gold Inc. reported its third quarter 2026 operating and financial results. President and CEO Paul Tomory stated that Mount Milligan delivered a fourth consecutive quarter on plan and remains on track to achieve its 2026 production guidance, with strong copper by-product credits enabling a reduction in Mount Milligan’s full-year guidance for all-in sustaining costs on a by-product basis. Öksüt continues to track in line with its previously increased full-year production guidance and original cost guidance ranges. In the third quarter of 2026, consolidated gold production was 75,429 ounces, including 44,070 ounces from Mount Milligan and 31,359 ounces from Öksüt. Copper production at Mount Milligan was 12.8 million pounds. The company remains on track to achieve its 2026 gold production guidance of 140,000 to 155,000 ounces at Mount Milligan and 120,000 to 135,000 ounces at Öksüt, as well as 50 to 60 million pounds of copper at Mount Milligan. Third quarter 2026 gold sales were 74,387 ounces at an average realized gold price of $3,483 per ounce, and copper sales were 13.2 million pounds at an average realized copper price of $5.74 per pound. Consolidated gold production costs were $1,505 per ounce and all-in sustaining costs on a by-product basis were $1,775 per ounce. The company’s 2026 guidance for consolidated AISC on a by-product basis is $1,650 to $1,750 per ounce. Third quarter 2026 additions to property, plant, and equipment were $139.3 million, and capital expenditures were $150.9 million. Sustaining capital expenditures were $26.1 million, mainly related to construction at the tailings storage facility, equipment replacements, and mill maintenance at Mount Milligan. Non-sustaining capital expenditures were $124.8 million, mainly for development at Thompson Creek and Goldfield. Net earnings for the quarter were $88.7 million, or $0.46 per share, and adjusted net earnings were $71.8 million, or $0.37 per share. Key adjustments to net earnings included $10.2 million of deferred income tax adjustments and $7.2 million of reclamation provision revaluation recovery. Cash provided by operating activities was $143.1 million, and free cash flow was $17.1 million. Cash provided by mine operations was $106.8 million at Mount Milligan and $68.3 million at Öksüt, with free cash flow of $62.8 million and $65.8 million, respectively. As of September 30, 2026, total liquidity was $998 million, including a cash balance of $398 million and $600 million available under a corporate credit facility. Under the normal course issuer bid, Centerra repurchased 2,584,600 common shares in the third quarter for a record total consideration of $53.0 million, and has completed $125.2 million of share repurchases in the first nine months of the year. A quarterly dividend of C$0.07 per common share was declared, totaling $9.8 million in the third quarter. The current NCIB expires on November 9, 2026, and Centerra intends to renew it, subject to TSX approval, to purchase for cancellation a number of shares representing the greater of 5% of issued and outstanding shares or 10% of the public float. As of October 29, 2026, Centerra had 193,499,721 issued and outstanding shares. For the three months ended September 30, 2026, revenue was $500.3 million, production costs were $290.8 million, depreciation, depletion, and amortization was $33.4 million, earnings from mine operations were $176.1 million, net earnings were $88.7 million, adjusted net earnings were $71.8 million, adjusted EBITDA was $137.6 million, cash provided by operating activities was $143.1 million, and free cash flow was $17.1 million. Additions to PP&E were $139.3 million, total capital expenditures were $150.9 million, sustaining capital expenditures were $26.1 million, and non-sustaining capital expenditures were $124.8 million. Net earnings per common share were $0.46, and adjusted net earnings per common share were $0.37. Gold produced was 75,429 ounces, gold sold was 74,387 ounces, average market gold price was $4,262 per ounce, and average realized gold price was $3,483 per ounce. Copper produced was 12,773,000 pounds, copper sold was 13,189,000 pounds, average market copper price was $6.40 per pound, and average realized copper price was $5.74 per pound. Molybdenum roasted was 2,784,000 pounds, molybdenum sold was 4,645,000 pounds, average market molybdenum price was $32.98 per pound, and average realized molybdenum price was $33.43 per pound. Gold production costs were $1,505 per ounce, all-in sustaining costs on a by-product basis were $1,775 per ounce, and gold all-in sustaining costs on a co-product basis were $2,205 per ounce. Copper production costs were $2.68 per pound, and copper all-in sustaining costs on a co-product basis were $3.32 per pound. The Mount Milligan Mine is subject to an arrangement with Royal Gold which entitles Royal Gold to purchase 35% of gold and 18.75% of copper produced, requiring Royal Gold to pay $435 per ounce of gold and 15% of the spot price per metric tonne of copper delivered. Using assumed market prices of $4,250 per ounce of gold and $6.25 per pound of copper for 2026, Mount Milligan’s average realized gold and copper prices for 2026 would be $2,915 per ounce and $5.25 per pound, respectively, compared to $2,608 per ounce and $3.96 per pound in 2025. Gold production for 2026 at Mount Milligan assumes estimated recoveries of 60% to 62%, compared to actual gold recovery of 60.3% for the nine months ended September 30, 2026. Copper production for 2026 assumes recovery of 75% to 77%, compared to actual copper recovery of 74.2% for the nine months ended September 30, 2026.
(TSX:CG, NYSE:CGAU) Centerra Gold Inc. announced that its Board of Directors has approved a quarterly dividend of C$0.07 per common share. This dividend represents approximately C$13.6 million or US$9.5 million in aggregate. The dividend will be payable on December 2, 2026, to shareholders of record as of the close of business on November 19, 2026. The dividend is classified as an eligible dividend for Canadian income tax purposes. The Board of Directors determines the timing and quantum of dividends based on the Company’s operating results, cash flow, financial conditions, current and anticipated capital requirements, and general business conditions. Centerra Gold Inc. is headquartered in Toronto, Ontario. The Company operates the Mount Milligan Mine, a gold-copper asset located in British Columbia, Canada. Centerra also operates the Öksüt Mine, a gold asset in Türkiye. The Company has an organic growth pipeline in North America, including the Kemess gold-copper Project in British Columbia, Canada. Centerra also owns the Goldfield gold Project in Nevada, United States. The Company owns and operates US Moly, a vertically integrated molybdenum business in the United States. US Moly comprises the Thompson Creek Mine in Idaho and the Langeloth Metallurgical Facility in Pennsylvania. Centerra Gold Inc. shares are listed on the Toronto Stock Exchange (TSX: CG) and the New York Stock Exchange (NYSE: CGAU).
(CSE:GGF) Genesis Goldfields Corp. has announced a non-brokered private placement financing of up to 13,333,333 units at a price of $0.15 per unit, for gross proceeds of up to $2,000,000. Each unit will consist of one common share and one-half of one transferable common share purchase warrant. Each whole warrant will entitle the holder to purchase one additional common share for a period of one year at a price of $0.225 per common share. All securities issued in connection with the offering will be subject to applicable statutory hold periods in accordance with Canadian securities laws. The offering is subject to receipt of all necessary regulatory approvals, including approval of the Canadian Securities Exchange. The securities issued pursuant to the offering will not be registered under the United States Securities Act of 1933, as amended, and may not be offered or sold within the United States or to, or for the account or benefit of U.S. persons in the absence of U.S. registration or an applicable exemption from the U.S. registration requirements. Genesis Goldfields Corp. is a Canadian gold exploration company focused on Angola. Its flagship asset is the Ganda Gold Project, a 786 km2 licence in central-western Angola. The company is carrying out systematic exploration at the Ganda Gold Project. Genesis Goldfields Corp. also holds exploration properties in Canada. Jeremy Prinsen is the President and Chief Executive Officer of Genesis Goldfields Corp.
(TSXV:ICM) Iconic Minerals Ltd. announced the completion of Phase 1 drilling and receipt of all assay results from its New Pass Gold Property in Churchill County, Nevada. The 15-hole core drilling program was designed to test the up-dip extension of the known mineralized zone and infill between historical drill holes, confirming significant intervals of near-surface gold and silver mineralization beyond the boundaries of the historical resource. All holes targeting the area east of the historic resource intercepted near-surface gold and silver mineralization, including the final three holes, which returned grades above a cut-off of 0.01 opt (0.34 ppm) Au within 50 feet of the drill collar. Drilling was conducted at a -45 degree angle, testing up-dip extensions along approximately 1,900 feet (600 m) of strike length, and extended mineralization a maximum of approximately 200 ft (61 m) east of known historic intercepts. Ten-foot (3 meter) sample intervals of quarter HQ core were submitted to ALS Reno for assay, with standards, blanks, and repeat samples included. The final three holes returned mineralized intervals at or near the drill collars ranging from 50 to 170 feet (15 to 52 m) in length, with one sample interval in NP2611 assaying silver grades above the limit of detection (>100 g/t, >3.53 opt). Specific results include: NP2611, 0–170 ft (0–52 m), 170 ft (52 m) intercept, 0.67 g/t Au, 9.56 g/t Ag; including 60–150 ft (18–46 m), 90 ft (27 m) intercept, 1.10 g/t Au, 17.13 g/t Ag. NP2619, 50–100 ft (15–30 m), 50 ft (15 m) intercept, 0.34 g/t Au, 1.48 g/t Ag. NP2626, 10–40 ft (3–12 m), 30 ft (9 m) intercept, 0.28 g/t Au, 6.20 g/t Ag; NP2626, 50–100 ft (15–30 m), 50 ft (15 m) intercept, 0.41 g/t Au, 1.58 g/t Ag. All reported intervals represent downhole lengths; true widths have not yet been determined. For comparison, cut-off gold grades for the oxidized portion of Barrick's Carlin-style gold mines were reported as low as 0.21 g/t as of March 2025. The program provided sufficient material for detailed metallurgical studies to further evaluate the leachability of both gold and silver at New Pass. Mineralized intervals have been submitted for gold analysis using cyanidation extraction, and column leach tests are planned upon receipt of results. The New Pass Gold Property has seen more than 131,000 feet (40,000 m) of drilling across 329 drill holes since 1980, leading to the delineation of the New Pass Au-Ag deposit. The deposit outcrops at surface, has been drilled along approximately 0.8 miles (1.25 km) of strike length, and the deepest pierce point reaches approximately 1,000 feet (295 m) vertical depth. The deposit remains open along strike and at depth. A historic inferred resource (Paul D. Noland, CPG, September 3, 2010) includes 15,515,488 short tons at an average grade of 0.022 oz/ton (0.75 g/t) AuEq, containing 341,750 AuEq ounces, with an average silver grade of 0.202 oz/ton (6.93 g/t) and contained silver ounces of 3,139,054, and an average gold grade of 0.018 oz/ton (0.62 g/t) for 282,986 contained gold ounces. The historical resource is based on 266 out of 329 drill holes completed between 1982 and 2008. The company notes that additional drilling, assaying, and resource assessment are required to upgrade or verify the historical estimate as current mineral resources or reserves. Richard Kern, President and CEO, is the qualified person who reviewed and approved the technical information in the release.
(TSXV:MD) Midland Exploration Inc. announced the results of its 2026 summer diamond drilling campaign on the wholly owned Willbob gold project in the Labrador Trough, Quebec, Canada. The Willbob project consists of 704 exclusive exploration rights covering 322 square kilometres. The 2026 drilling campaign comprised 19 drill holes totaling 2,994.00 metres, targeting the Ants area (5 holes), Ferricrete area (5 holes), Pump Pad Ridge area (7 holes), and Canyon area (2 holes). In the Pump Pad Ridge area, drill hole WB-26-046 intersected 3.53 g/t Au over 11.30 metres, including 5.90 g/t Au over 6.30 metres, and 3.32 g/t Au over 2.35 metres. Drill hole WB-26-049 returned 1.94 g/t Au over 3.45 metres. In the Ferricrete area, drill hole WB-26-039 intersected 3.02 g/t Au over 6.45 metres, including 7.55 g/t Au over 0.40 metres and 14.4 g/t Au over 0.55 metres, and 2.44 g/t Au over 1.50 metres. Drill hole WB-26-040 returned 3.93 g/t Au over 2.00 metres, including 7.55 g/t Au over 0.40 metres. In the Ants area, drill hole WB-26-035 intersected 8.31 g/t Au over 0.50 metres. High-resolution magnetic surveys were completed in the Ants and Didgeridoo areas. Assay results for 15 drill holes were received in full, with partial results for 4 drill holes (WB-26-048 to WB-26-051), and further results pending. The Ferricrete and Pump Pad Ridge areas are part of the Kan area, which Midland acquired in 2025 and integrated into Willbob. Drill holes in the Ants area tested the westward extension of gold mineralization identified in 2019. Channel samples collected in the Didgeridoo area in 2018 graded 2.30 g/t Au over 8.95 metres and 4.65 g/t Au over 2.95 metres. Midland acquired 100% interest in the Kan gold project from Ressources Tectonic in 2025. The Willbob project covers approximately 322 square kilometres of favourable stratigraphy and structures for gold mineralization in the Trans-Hudson Orogen. Richard D. St-Cyr, P.Geo., Exploration Director, reviewed and approved the press release as Midland’s Qualified Person. A Technical Report covering the Willbob project up to April 20, 2026, is being voluntarily made available and can be accessed on SEDAR+ and the company's website.
(TSXV:CGM, OTCQB:CGMXF) Canadian Goldfields Discovery Corp. has commenced an airborne geophysical survey at its 6,366-hectare Miminiska Gold Project in northwestern Ontario. The survey, conducted by SHA Geophysics, will cover approximately 1,362 line-kilometres at 50 metre spacing and will collect HeliGT three-axis magnetic and radiometric data. This high-resolution survey is intended to refine priority drill targets ahead of the planned winter 2027 drill program. The survey follows the completion of soil geochemical and geological fieldwork, which, together with historical data compilation, forms the technical foundation for integrating airborne results and finalizing drill targets. The Miminiska Gold Project includes a largely untested 14 kilometre corridor between the Miminiska and Frond Zones, which is a focus for upcoming exploration. Historical drilling at Miminiska and Frond Zones has returned high-grade gold intercepts, including 11.18 m of 4.49 g/t Au, 5.32 m of 13.95 g/t Au, 4.28 m of 9.66 g/t Au, 3.05 m of 5.94 g/t Au, and 3.96 m of 12.69 g/t Au at Miminiska, and 1.31 m of 14.74 g/t Au, 1.25 m of 7.53 g/t Au, 0.97 m of 6.17 g/t Au, and 0.95 m of 11.32 g/t Au at Frond. In the underexplored corridor, historic hole SL87-04 intersected 28.11 g/t Au over 1.5 metres at a downhole depth of 32 metres. The company has confirmed the location of this historic hole and plans to follow up in the upcoming drill program. Canadian Goldfields has established a positive working relationship with the Eabametoong First Nation as the project advances. The Miminiska project is supported by approximately 28,000 m of historical drilling and remains open along strike and at depth. The company’s portfolio also includes the Swayze Central Gold Property within the Swayze Greenstone Belt near Timmins, Ontario. John G. Booth is Chief Executive Officer and Director of Canadian Goldfields Discovery Corp. Ian Dasti, P.Geo., is Vice President of Exploration and a Qualified Person as defined by NI 43-101. The technical report referenced is titled “NI 43-101 Technical Report on the Miminiska Property, Northern Ontario, Canada” with an effective date of December 1, 2025, prepared by Edward Parker, P.Geo., and Eliza Verigeanu, P.Geo., of APEX Geoscience Ltd. The company cautions that historical exploration information has not been independently verified and is not being treated as current mineral resources or reserves.
(TSXV:SKP) StrikePoint Gold Inc. has commenced drilling at the Northumberland Gold Project. NISS Global has been mobilized to provide a core rig for the initial phase of drilling at Northumberland. The initial drilling phase aims to expand the mineral resource, conduct infill drilling, and collect metallurgical samples across the Carlin-style gold system. Northumberland hosts a mineral resource of 2.86 million gold equivalent ounces grading 1.33 g/t AuEq in the indicated category and an additional 1.57 million gold equivalent ounces grading 1.58 g/t AuEq in the inferred category, as of July 31, 2026. The first phase of drilling is planned to cover approximately 15,000 meters. Additional drilling rigs are scheduled to be added early in the New Year. The Phase 1 drill program is situated on private property and is fully permitted. The Northumberland Gold Project is 100%-owned by StrikePoint and is located in Nevada's Walker Lane. StrikePoint also owns the Hercules and Cuprite Gold Projects in Nevada. Michael G. Allen, President and CEO of StrikePoint, stated that the infill drilling is intended to upgrade confidence in the current mineral resource estimate and provide new samples for metallurgical optimization. The current mineral resource estimate was prepared by Mr. Hebert Oliveira, B.Sc., P.Geo., Principal Resource Geologist at SLR, as an independent Qualified Person under NI 43-101. The mineral resource estimate incorporates revised price, cost, and technical assumptions over historical estimates and follows CIM (2019) and CIM (2014) guidelines and definitions. Metallurgical recoveries are assumed as follows: oxide material at 75% for both Au and Ag; fresh, low PRV material at 90% Au and 70% Ag; fresh, medium PRV material at 80% Au and 60% Ag; fresh, high PRV material at 60% Au and 40% Ag. Gold Equivalent (AuEq) is calculated as Au(g/t) + (Ag(g/t) x (Ag price x Ag recovery / Au price x Au recovery)). Mineral resources are estimated at variable AuEq cut-off grades based on long-term prices of US$3,500 per gold ounce and US$55 per silver ounce, with cut-offs of 0.16 g/t (oxide), 0.31 g/t (fresh, low PRV), 0.35 g/t (fresh, medium PRV), and 0.47 g/t (fresh, high PRV). The resource is reported within an optimized pit shell using pit slope angles of 45°, mining costs of US$2.12/t mined, G&A costs of US$1.35/t milled, processing costs of US$12/t milled (oxide) and US$30/t milled (sulphide), and an in situ bulk density of 2.6 t/m3. The effective date of the mineral resource estimate is July 31, 2026. Michael G. Allen, P.Geo., President and CEO, is the qualified person who reviewed and approved the technical data in the release.
(CSE:NVR) North Valley Resources Ltd. has mobilized an induced polarization (IP) geophysical survey crew to its 100%-owned Comstock Copper-Gold Project in southern British Columbia. The IP survey will cover at least eight east-west lines totaling approximately 20 line-kilometres, targeting areas of historical copper-gold mineralization. Historical surface sampling at the project has returned high-grade values, including up to 27.19% copper (Sample Jer-1098) at the Original-Diane Zone and 56.71 grams per tonne gold (Sample R2-Victoria) at the Victoria Zone. Trench results include 1.06 g/t Au and 0.31% Cu over 3.38 metres at the Lowell Zone, and 0.2% Cu over 7.0 metres at the South Zone. Historical drilling at the Original-Diane Zone in 1988 consisted of approximately 570 metres across nine shallow holes, with only 22% of the core assayed. Notable intersections from this drilling include 0.38% Cu and 0.72 g/t Au over 13.56 metres (STR-88-2), 0.53% Cu and 0.36 g/t Au over 12.80 metres (STR-88-4), and 0.20% Cu and 2.65 g/t Au over 8.69 metres, including 24.7 g/t Au over 0.76 metres (STR-88-1). Drill core assays were capped at 10,000 ppm Cu (1%), and true width is approximately 80% of reported intervals. Additional intersections include 0.17% Cu and 0.18 g/t Au over 21.03 metres (STR-88-3), 0.49% Cu and 0.52 g/t Au over 8.23 metres (STR-88-5), 0.41% Cu and 0.14 g/t Au over 4.57 metres (STR-88-6), 0.11% Cu and 0.07 g/t Au over 7.32 metres (STR-88-6), 0.57% Cu and 0.32 g/t Au over 3.96 metres (STR-88-7), 0.12% Cu and 0.07 g/t Au over 3.4 metres (STR-88-7), 0.13% Cu and 0.07 g/t Au over 4.13 metres (STR-88-7), 0.22% Cu and 1.09 g/t Au over 5.34 metres (STR-88-8), 0.28% Cu and 0.09 g/t Au over 5.19 metres (STR-88-8), 0.11% Cu and 0.07 g/t Au over 1.53 metres (STR-88-8), 0.96% Cu and 0.07 g/t Au over 1.22 metres (STR-88-8), 0.16% Cu and 0.61 g/t Au over 5.94 metres (STR-88-9), and 0.34% Cu and 0.11 g/t Au over 2.44 metres (STR-88-9). The historical drilling is interpreted to have tested only the northern margins of a greater-than-400-metre-long chargeability anomaly, leaving much of the feature untested. The Comstock Project hosts multiple copper-gold showings, including the Original-Diane, Victoria, South, Lowell, Charmer, Island, and Comstock zones. The project is located approximately 10 kilometres south of Merritt, British Columbia, within the Quesnel Terrane. The current IP survey is designed to connect previously identified chargeability anomalies, investigate mineralized zones lacking modern geophysical coverage, and evaluate the potential extension of chargeability between the Leadville and Charmer showings. Cameron Dorsey is CEO of North Valley Resources Ltd. Andy Randell, P. Geo., Consulting Geologist with SGDS Hive Geological Consulting Ltd, is a qualified person as defined by National Instrument 43-101 for North Valley's British Columbia exploration projects and has reviewed and approved the technical information in this release.
(TSXV:LXM) Lux Metals Corp. reported copper assay results for the Zone 32 interval in hole LG26-241, the first hole of its 2026 diamond drill program at the La Grande Gold Project in Quebec. Complete results for the Zone 32 interval include 17.57 g/t Au and 0.71% Cu over 19.50 m from 220.5 m downhole, including 39.08 g/t Au and 1.45% Cu over 8 m. One sample returned 165 g/t Au and 3.58% Cu over 1 m (G240715, 232 to 233 m), and another returned 45.40 g/t Au and 5.79% Cu over 1 m (G240717, 233 to 234 m). The 2026 drill program comprised 3 holes totaling 1,416 m and was completed on October 20, 2026. Assays for the remaining holes and the remainder of LG26-241 are pending and expected by the end of November 2026. The company has launched a drone-borne magnetic survey over the Zone 32 area, covering approximately 160 line-km at 35 m line spacing, expected to be completed before November 2026. The survey aims to map structures controlling gold-copper mineralization and refine targets for future drilling. The Zone 32 interval is hosted in sericite-altered shear zones and quartz veins, with copper occurring as chalcopyrite alongside pyrite and visible gold, notably between 232.41 m and 233.62 m. True width of the intercept is estimated at 75% of the core length. Drilling was conducted using NQ sized core, with samples prepared and analyzed at AGAT Laboratories in Val-d’Or, Calgary, and Thunder Bay. Quality assurance measures included insertion of quartz blanks (4%), certified reference materials (4%), and quarter core duplicates (4%), with additional blanks and high-grade gold CRM in mineralized zones. Validation of gold and copper values from blanks and certified reference materials returned acceptable results. The scientific and technical information was reviewed and approved by Jonathan Marleau, P.Geo., Senior Geologist at Dahrouge Geological Consulting Ltd., an independent consultant and qualified person under NI 43-101. Kim Quyên Nguyên is President and Chief Executive Officer of Lux Metals Corp.
(TSXV:DLTA) Delta Resources Limited reported grab-sample results from its 2026 surface exploration program at the Delta-1 Gold Project, located approximately 50 kilometres west of Thunder Bay, Ontario. The program focused on the I-Zone sector and Crayfish Creek Fault Corridor, where 55 outcrop grab samples returned gold values ranging from 0.1 to 24.7 g/t Au. Notably, samples from sulphide-rich iron formation adjacent to mineralized dikes returned high-grade gold values of 16.1 g/t Au and 24.7 g/t Au. Multiple new gold occurrences were identified over a length of approximately six kilometres south of the Crayfish Creek Fault, within the broader Crayfish Creek Corridor. Two of these new occurrences contain anomalous gold in quartz veins hosted in quartz-sericite schist, potentially defining a mineralized trend north of a horizon of anomalous gold grains in till. The company notes that grab samples are selective and may not be representative of the overall mineralization. Ongoing drilling and sampling at I-Zone are being conducted to assess the extent and significance of the mineralization. Delta's regional program is designed to systematically evaluate targets along the Crayfish Creek Fault Corridor, an area where historical exploration by Inco identified more than two dozen high-grade gold occurrences. The company's recently completed first-pass property-wide till-sampling field program aims to identify gold-grain anomalies that may indicate mineralized bedrock beneath glacial cover. The Delta-1 Property covers approximately 340 square kilometres and hosts multiple gold-bearing corridors, including the Eureka Gold Deposit and the I-Zone-Crayfish Creek Fault trend. The Eureka Gold Deposit extends over 2.5 kilometres in strike length and to depths exceeding 300 metres, with mineralization intersected to approximately 600 metres vertical depth and remaining open in all directions. Drill highlights at Eureka include intercepts of 5.92 g/t Au over 31 m (including 14.8 g/t Au over 11.9 m) and 1.79 g/t Au over 128.5 m. Ron Kopas is the Chief Executive Officer (CEO) of Delta Resources Limited. Daniel Boudreau, P.Geo., Vice President of Exploration, is the Qualified Person as defined by National Instrument 43-101 and has reviewed and approved the technical information in the release. Grab samples were analyzed by AGAT Laboratories in Thunder Bay under Delta's QA/QC program, which includes systematic insertion of certified reference materials and blanks, with results reviewed by the Qualified Person.
(TSXV:WPG) West Point Gold Corp. announced it has received approximately C$4.1 million from the exercise of outstanding warrants since June 30, 2026. This additional capital strengthens the company's treasury ahead of its planned 30,000-metre drill program at the flagship Gold Chain Project in Arizona. The company states that the new funds position it to execute its planned exploration activities through May 2027 while maintaining financial flexibility. Derek Macpherson, President & CEO, commented that the significant exercise of outstanding warrants reflects continued investor confidence in West Point Gold and the direction at Gold Chain, and that the support has strengthened the balance sheet. The planned 30,000-metre drill program at Gold Chain is intended to expand the known mineralized footprint and test additional exploration targets. The company expects to provide updates as drilling progresses and results become available. As of the date of the announcement, the remaining outstanding warrants and their expiry dates are: 1,720,179 warrants at an exercise price of $0.40 expiring 15-Nov-2026, valued at $688,072; 53,334 warrants at an exercise price of $0.45 expiring 10-Jun-2027, valued at $24,000; 6,599,400 warrants at an exercise price of $0.55 expiring 10-Jun-2027, valued at $3,629,670; and 1,045,455 warrants at an exercise price of $1.10 expiring 19-Feb-2028, valued at 1,150,000. The total number of outstanding warrants is 9,418,368 with a total value of $5,491,742. The company's near-term priority is advancing its flagship Gold Chain Project in Arizona. West Point Gold Corp. is focused on unlocking value across four strategically located projects along the Walker Lane Trend in Nevada and Arizona, USA.
(TSXV:LUCA) Luca Mining Corp. has reported new assay results from its 2026 exploration drill program at the Tahuehueto gold-silver mine in Durango, Mexico. The Creston Vein yielded a significant intersection of 18.7 metres grading 6.28 g/t gold equivalent (AuEq), including sub-intervals of 7.8 metres at 7.14 g/t AuEq and 7.1 metres at 8.55 g/t AuEq. These intersections are located near existing underground infrastructure and are scheduled for mining in the first half of 2027. At the Catorce Block, drilling returned 13.7 metres of 3.33 g/t AuEq and 3.6 metres of 6.67 g/t AuEq, with a notable sub-interval of 0.7 metres at 8.57 g/t AuEq. The Santiago vein produced 11.6 metres of 5.21 g/t AuEq, including 1.2 metres at 9.90 g/t AuEq. Luca has completed seven diamond drillholes totaling 1,532 metres at Catorce as part of its renewed exploration program. To date, the company has drilled 67 underground holes totaling 11,450 metres and 38 surface holes totaling 7,236 metres at Tahuehueto. Drillhole TRT26-15 at Creston Vein returned 18.7 metres of 6.28 g/t AuEq (2.65 g/t Au, 75.08 g/t Ag, 0.86% Cu, 4.61% Pb, 11.16% Zn) from 30.4 metres, including 7.8 metres of 7.14 g/t AuEq and 7.1 metres of 8.55 g/t AuEq. Drillhole TRT26-14 intersected 1.9 metres of 5.02 g/t AuEq (4.38 g/t Au, 24.72 g/t Ag, 0.24% Cu, 0.59% Pb, 0.79% Zn) from 52.4 metres. At Catorce, DDH26-RCE-05 returned 13.7 metres of 3.33 g/t AuEq, including 0.7 metres of 8.57 g/t AuEq and 2.0 metres of 4.99 g/t AuEq. DDH26-RCE-02 intersected 3.6 metres of 6.67 g/t AuEq, including 0.7 metres of 14.86 g/t AuEq. At Santiago, DDH26-SGO-12 returned 11.6 metres of 5.21 g/t AuEq, including 1.2 metres of 9.90 g/t AuEq. The Tahuehueto property hosts approximately 11 kilometres of known vein strike length, with mineralization open along strike and at depth. The 2026 exploration program is the first substantive drilling in over 12 years and aims to expand known resources and define additional high-grade zones. Metallurgical recoveries used in AuEq calculations are Au 84%, Ag 85%, Cu 78.3%, Pb 71.6%, and Zn 48%, with metal prices of $3,800 US$/oz Au, 40 US$/oz Ag, 10,582 US$/Tonne Cu, 1,896 US$/Tonne Pb, and 2,930 US$/Tonne Zn. Drill collar elevations include 1,509.80 m, 1,512.53 m, 1,512.58 m, 1,212.74 m, 1,813.53 m, 1,813.52 m, 1,318.00 m, and 1,318.40 m. The company has identified more than 11 km of prospective vein structures, compared to 4.5 km currently in the resource model, indicating significant exploration upside.
(TSXV: ROX, OTCID: CSRNF) Canstar Resources Inc. announced additional assay results from its 2,756-metre summer 2026 drill program at the Mary March VMS Project in the Buchans district of central Newfoundland, and the mobilization of its fall drilling program. Drill hole MM-26-44 returned an intercept of 1.8 m grading 6.13% zinc, 106.3 g/t silver, 2.00 g/t gold, 2.53% lead, and 0.75% copper (6.0% CuEq) at the upper contact of the Fleetway Rhyolite. Drill hole MM-26-43 returned 1.8 m grading 4.1% CuEq approximately 28 m below that contact. These intervals are in addition to the previously reported widest massive sulphide intercept in the Project's history: 15.6 m grading 2.4% CuEq in drill hole MM-26-42. Every hole of the 2026 program intersected mineralization. The fall program will continue testing the Fleetway Rhyolite, aided by new geophysical data. Each sulphide intersection from the summer drilling program showed a conductive response during subsequent borehole electromagnetic (BHEM) surveys, with responses at MM-26-42 and MM-26-43 modelled as off-hole conductors extending down-dip along the rhyolite contact into untested ground. A 2,250 m fall drill program, funded by earn-in partner VMS Mining Corporation (VMSC) under the Company's approved exploration budget pursuant to its earn-in agreement, will test these off-hole conductors and the modelled Fleetway Rhyolite contact. The earn-in agreement provides up to C$12 million of project funding, of which C$4 million has been received to date. The earn-in is non-dilutive to Canstar's share capital; VMSC earns an interest in the Project, and no Canstar shares are issued to fund the work. In MM-26-44, a second sulphide intercept of 1.2 m assayed 1.43% zinc, 18.6 g/t silver, 0.45 g/t gold, 0.60% lead, and 0.19% copper (1.3% CuEq). In MM-26-43, the 1.8 m interval graded 0.95% copper, 1.45% lead, 3.42% zinc, 1.55 g/t gold, and 43.3 g/t silver (4.1% CuEq). In MM-26-41, 1.0 m at 0.18% copper and 0.77% zinc was intersected, consistent with a VMS stringer or feeder zone. Table 1 details selected intervals with CuEq grades of 0.5% or greater, including: MM-26-44 (1.2 m at 1.3% CuEq; 1.8 m at 6.0% CuEq), MM-26-43 (1.8 m at 4.1% CuEq), MM-26-42 (15.6 m at 2.4% CuEq, including 9.75 m at 3.4% CuEq and 5.0 m at 4.0% CuEq; 2.7 m at 1.4% CuEq), and MM-26-41 (1.0 m at 0.5% CuEq). Assays for 14 samples from MM-26-43 and MM-26-44 remain pending. The summer program drilled 2,756 m in four holes, the first drilling at the Project since 2019, and each hole intersected sulphide mineralization within the Fleetway Rhyolite. Including the 1999 discovery intercept of 9.63 m grading 10.1% zinc, 1.8% lead, 0.64% copper, 122 g/t silver, and 4.2 g/t gold, drilling at the Project has produced zinc-, silver-, and gold-bearing sulphide intercepts along approximately 230 m of strike length. The Fleetway Rhyolite is interpreted to extend approximately 1.2 km along strike, with approximately 700 m supported by historical drill holes. Three of the 2026 holes pierced the entire rhyolite package, measuring approximately 298 to 320 m in apparent thickness. The fall 2026 drill program comprises approximately 2,250 m of diamond drilling under contract with MCL Drilling, with the drill crew and rig mobilizing to the Project. The first two holes will test down-dip extensions of the MM-26-42 and MM-26-43 conductors, approximately 100 m beyond the summer intercepts. All fall holes will be PVC-cased for BHEM surveying. The fall program was approved in the current exploration budget under the Earn-In Agreement, with VMSC funding the program. Upcoming milestones include assay results for the remaining samples from MM-26-43 and MM-26-44, fall drill results, BHEM survey results, and planning for an additional drill program in winter 2027, subject to results and approval under the Earn-In Agreement. Bob Patey, P.Geo., Vice President, Exploration, is the Qualified Person for the release.
(TSX: AAUC; NYSE: AAUC) Allied Gold Corporation provided a comprehensive update on the Kurmuk Mine in Ethiopia as it advances toward production startup. Mining activities and ore stockpiles are proceeding according to plan, with ore stockpiles close to the planned level of approximately three months of plant feed ahead of the November ramp-up. The crushing circuit and supporting infrastructure are complete and operating well, with the crushed ore stockpile continuing to build. Process support systems and infrastructure are also complete. Wet commissioning is underway, with water transfer from the main storage dam into the processing plant commenced, allowing for progressive wet-commissioning and testing of processing circuits. The SAG mill and ball mill drives are energized, with testing and commissioning nearing completion. Ore is expected to be introduced into the circuit this week, with first gold targeted soon thereafter. All mine and plant infrastructure, including the water storage facility, tailings storage facility, main access road, and mining service areas, is complete, supporting readiness for production ramp-up toward commercial production this year and strong first quarter and full year production next year. Production is expected to increase through November and December, with total production of between 25,000 to 35,000 gold ounces and commercial production expected during this period. Production in Q1 2027 is expected to increase sequentially month over month, with quarterly production of 55,000 to 65,000 gold ounces and a monthly average production of approximately 20,000 gold ounces. Production guidance for 2027 remains in the range of 240,000 to 270,000 gold ounces, with a production outlook of approximately 300,000 gold ounces in 2028. For the first four full years of operations, average annual production is expected to be approximately 300,000 gold ounces. Recent exploration results at Ashashire, Dish Mountain, and the Tsenge Trend, reported on October 6, 2026, are advancing the objective of sustaining average annual production of approximately 300,000 gold ounces beyond the initial four years, as well as increasing mine life and mineral inventory. The company has reached an agreement with local stakeholders, including artisanal miners, to advance exploration cooperatively into new prospective areas while supporting local communities. This agreement is expected to drive the advancement of new targets across the broader Kurmuk property and contribute to longer-term objectives for mineral inventory growth and mine life extension. Allied expects to release its third quarter 2026 financial and operating results after market close on November 4, 2026, and will host a conference call and webcast on November 5, 2026, at 9:00 a.m. ET. All scientific and technical information in the release has been reviewed and approved by Sébastien Bernier, P.Geo (Senior Vice President, Technical Services), and exploration information by Don Dudek, P.Geo, Chief Exploration Officer.
(TSXV:TT, OTCQB:TTTMF, FSE:O4N) Total Metals Corp. has completed three high-priority drill holes at its High Lake high-grade gold project in Ontario, targeting the Purdex Zone. Michael Dehn, Executive Chairman, stated that completing the first three drill holes marks a strong start to the exploration campaign at High Lake, with RC drilling continuing uninterrupted and initial assay results expected next month. The company is focusing exploration on confirming and expanding occurrences and prioritized structural trends at the High Lake Property, especially where trends intersect or bend in areas of lithological complexity. Previous drilling by McFarlane Lake Mining at the Purdex Zone returned significant gold grades, including 24.96 g/t Au over 14.90 m in hole MLHL-22-06 (325.56 to 340.46 m), with sub-intervals of 43.22 g/t Au over 7.99 m and 53.87 g/t Au over 3.15 m, and visible gold observed. Hole MLHL-22-04 intersected 32.58 g/t Au over 1.45 m (187.00 to 188.45 m), and MLHL-22-05 returned 4.95 g/t Au over 7.49 m (242.51 to 250.00 m, including 11.18 g/t Au over 1.94 m) and 4.49 g/t Au over 6.38 m (267.45 to 273.83 m). MLHL-22-17 intersected 148.37 g/t Au over 1.3 m (113.20 to 114.50 m, including 557 g/t Au over 0.3 m) and 3.89 g/t Au over 4.6 m (56.00 to 60.60 m). MLHL-22-25 intersected 6.85 g/t Au over 2.97 m (202.10 to 205.07 m, including 27.5 g/t Au over 0.60 m). MLHL-22-23 returned 21.67 g/t Au over 1.75 m (171.05 to 172.8 m) and 13.3 g/t Au over 0.70 m (74.85 to 75.55 m). MLHL-22-28 intersected 9.42 g/t Au over 9.38 m (29.62 to 39.00 m, including 117 g/t Au over 0.55 m and 12 g/t Au over 1.00 m). The Purdex Zone Mineral Resource Estimate (MRE) at a 2.6 g/t Au cut-off, effective April 14, 2023, reports Indicated resources of 152,000 tonnes at 9.38 g/t Au for 45,800 ounces and Inferred resources of 287,000 tonnes at 10.43 g/t Au for 96,200 ounces. The MRE uses a gold price of US$1,800/oz, a 0.77 C$/US$ exchange rate, 95% process recoveries, a C$40/t process cost, C$15/t G&A cost, and a C$130/t underground mining cost. Total Metals owns 100% of the High Lake and West Hawk Lake Project, covering 958 hectares in two gold properties along the Manitoba/Ontario border. The company also holds an option on the Menary gold property in the Kenora Mining Division of Ontario, adjacent to Rainy River claims being acquired by Coeur Mining, Inc. following its ~US$7 billion acquisition of New Gold Inc. The Pick Lake property, the company's most recent addition, consists of 75 claims and a mining lease covering over 5,260 hectares, with a critical minerals deposit averaging a 250 m strike length and depth extension tested between 300 to 1200 m. The Electrolode Project targets critical mineral plus gold resources in three geologic trends near the Red Lake Gold camp, between Kinross Gold’s Great Bear Project and First Mining Gold’s Springpole Project, and is fully permitted for exploration drilling. The Electrolode Project hosts 10 historic mineralized zones with significant expansion potential and new, untested targets. Robert Penczak, M.Sc., P.Geo (Ontario), Vice President of Exploration, is the Qualified Person for the release.
(CSE:MOC) Mosaic Minerals Corporation announced assay results for 343 samples collected during its summer 2026 exploration campaign on the Golden Island gold project in Abitibi, Quebec. The company reported gold grades of 72.79 g/t Au (sample C0381259) and 66.92 g/t Au (sample C0380541). Sample C0381259 also returned 42.5 g/t Ag and 0.42% Cu. Metallic screen re-assays confirmed the presence of coarse gold, with fractions grading up to 2,842 g/t Au. Of the 343 samples, 9 assayed above 10 g/t Au, 17 above 5 g/t Au, and 45 samples (13% of the total) exceeded 1 g/t Au. The company has commenced a diamond drilling campaign of at least 2,000 metres on Golden Island, with the drill rig and crew now on site. The drilling program will comprise a minimum of 2,000 metres in about a dozen holes, targeting the down-dip geometric extension of high-grade vein systems identified in trenches, to depths ranging from 150 to 300 metres. Best gold results include: C0381259 (72.79 g/t Au, 116.26 g/t Au duplicate, 42.5 g/t Ag, 4,220 ppm Cu), C0380541 (66.92 g/t Au, 154.70 g/t Au, 619.17 g/t Au gravimetric duplicates, 2.8 g/t Ag, 12 ppm Cu), C0381370 (54.51 g/t Au, 55.30 g/t Au duplicate, 0.8 g/t Ag, 16 ppm Cu), C0381442 (38.81 g/t Au, 44.95 g/t Au duplicate, 1.8 g/t Ag, 17 ppm Cu), and C0381449 (33.36 g/t Au, 32.43 g/t Au duplicate, 3.5 g/t Ag, 15 ppm Cu). Best silver results (≥ 2 g/t Ag) include: C0381259 (42.5 g/t Ag, 72.79 g/t Au, 4,220 ppm Cu), C0381265 (10.0 g/t Ag, 1.68 g/t Au, 212 ppm Cu), and C0381252 (8.9 g/t Ag, 7.75 g/t Au, 147 ppm Cu). Best copper results (≥ 150 ppm Cu) include: C0381259 (0.42% Cu, 4,220 ppm, 72.79 g/t Au, 42.5 g/t Ag), C0381318 (0.17% Cu, 1,740 ppm, 0.04 g/t Au, 0.9 g/t Ag), and C0381324 (0.05% Cu, 532 ppm, 0.08 g/t Au, 1.8 g/t Ag). The 343 samples were collected from a mechanical stripping and historical trench cleaning campaign, with samples mainly consisting of continuous channels averaging 0.5 metre in length. The mineralization is hosted in a blue quartz-eye granodiorite, with a complex network of shear veins, sub-vertical tension veins, and stockwork zones, often with pyrite, hematization, and visible gold. Samples were analyzed at Laboratoire Expert Inc. in Rouyn-Noranda using fire assay with atomic absorption finish, gravimetric finish, and metallic screen methods. Mosaic applied a quality control protocol by inserting certified reference materials and blanks at a rate of approximately one control per 20 samples, with no contamination detected. The scientific and technical content was reviewed and approved by Suzie Tremblay, Géo/P.Geo, qualified person as defined by NI 43-101, OGQ #10664. Jonathan Hamel is President and CEO of Mosaic Minerals Corporation.
(CSE: FRDM) Freedom Gold Corp. has settled outstanding bona fide debts owed to current and past directors for services rendered through the issuance of common shares. On October 27, 2026, the company issued an aggregate of 213,790 common shares at a deemed price of $0.12 per share, fully satisfying a total debt amount of $25,654.89 owed to the creditors. The Debt Settlement Shares are subject to a statutory hold period of four months from the date of issuance in accordance with applicable securities laws. Completion of the Debt Settlement remains subject to customary closing conditions and regulatory approvals, including acceptance by the Canadian Securities Exchange (CSE). Michel Lebeuf, a director and insider, participated indirectly in the Debt Settlement and received 88,790 Debt Settlement Shares. The participation of Michel Lebeuf constitutes a related party transaction as defined under Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions (MI 61-101). The company is exempt from the formal valuation requirement under section 5.4 of MI 61-101 and from the minority shareholder approval requirement under section 5.6, as the fair market value of the transaction involving significant shareholders is not more than 25% of the company's market capitalization. The Debt Settlement was approved by the board of directors, including disinterested directors, and no special committee was established nor was any materially contrary view expressed by any director. The company expects closing of the Debt Settlement to occur within 21 days of this press release and will not file a material change report at least 21 days before closing, deeming this reasonable to complete the settlement expeditiously. The Debt Settlement Shares have not been, and will not be, registered under the U.S. Securities Act or any state securities laws, and may not be offered or sold within the United States or to U.S. persons except in compliance with applicable laws or exemptions.
(TSXV:FAIR) Fairchild Gold Corp. announced the closing of its non-brokered private placement financing on October 27, 2026, raising aggregate gross proceeds of $725,200 through the issuance of 12,086,666 units at a price of $0.06 per unit. Each unit consists of one common share and one common share purchase warrant, with each warrant exercisable into an additional common share at an exercise price of $0.10 for a period of sixty months from the date of issuance. The company paid cash commissions of $6,336 to certain finders and issued 105,600 non-transferable compensation common share purchase warrants, each exercisable at $0.10 per common share for sixty months from the date of issuance. All securities issued under the offering are subject to a statutory hold period expiring four months and one day from the date of issuance. The offering remains subject to final approval of the TSX Venture Exchange. Fairchild Gold Corp. intends to use the net proceeds primarily towards its Golden Arrow Property and for general working capital purposes. An insider of the company indirectly subscribed for a total of 3,000,000 units under the offering. The insider participation constitutes a related party transaction under Exchange Policy 5.9 and Multilateral Instrument 61-101. The company is exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 as the fair market value of the offering involving the insider is not more than 25% of the company's market capitalization. The company did not file a material change report more than 21 days before closing because the details of the insider participation were not finalized until closer to closing and the company wished to close the offering as soon as practicable for sound business reasons. The securities offered have not been registered under the U.S. Securities Act of 1933 and may not be offered or sold in the United States absent registration or an applicable exemption. Fairchild Gold Corp. holds three assets: Nevada Titan, Golden Arrow, and Carlin Queen. Golden Arrow is an open-pit-oriented gold-silver resource in Nevada's Walker Lane mineral belt. Nevada Titan is a porphyry copper-gold-silver-antimony exploration project in the Goodsprings Mining District of southern Nevada. Carlin Queen is an epithermal gold-silver exploration project near the intersection of the Carlin and Midas-Hollister mineral trends, adjacent to the Hollister Mine complex of Hecla Mining Company. Nikolas Perrault, CFA, is Executive Chairman of Fairchild Gold Corp.
(TSX:III) Imperial Metals Corporation reports assay results from its spring 2026 diamond drilling program at the Porcher Island property, located 35 kilometres south-southwest of Prince Rupert, British Columbia. The company completed ten drill holes totaling 1,380 metres from four helicopter-supported drill pads, with all holes intersecting gold and silver mineralization. Significant intervals from the 2026 program include: PI-26-01 intersected 1.0 metre grading 6.17 g/t Au and 5.65 g/t Ag, and 1.9 metres grading 4.06 g/t Au and 1.11 g/t Ag; PI-26-02 intersected 1.7 metres grading 3.05 g/t Au and 2.12 g/t Ag, and 4.5 metres grading 4.77 g/t Au and 3.21 g/t Ag; PI-26-03 intersected 1.1 metres grading 5.31 g/t Au and 5.23 g/t Ag, and 1.0 metre grading 4.32 g/t Au and 3.15 g/t Ag; PI-26-04 intersected 1.1 metres grading 3.28 g/t Au and 2.48 g/t Ag; PI-26-05 intersected 1.0 metre grading 4.72 g/t Au and 2.30 g/t Ag; PI-26-06 intersected 1.5 metres grading 4.09 g/t Au and 4.00 g/t Ag, and 2.0 metres grading 2.42 g/t Au and 0.85 g/t Ag; PI-26-08 intersected 2.3 metres grading 3.63 g/t Au and 1.44 g/t Ag; PI-26-10 intersected 45.5 metres grading 1.24 g/t Au and 0.82 g/t Ag, including 17.0 metres grading 2.25 g/t Au and 1.64 g/t Ag, and 5.0 metres grading 5.51 g/t Au and 4.27 g/t Ag. The Porcher Island property is 100% owned by Imperial and hosts two past producing gold mines, Edye Pass and Surf Point, which operated from 1919 to 1939, with historic production estimated at 77,952 tons grading 0.29 oz/ton gold. Gold mineralization is hosted in shear zones and quartz veins within a quartz diorite stock, associated with pyrite, chalcopyrite, molybdenum, and elevated tellurium. In 2007, nine angled drill holes from three south-dipping drill fans in the Christmas Tree zone intersected multiple intervals grading more than 2.0 g/t gold, including CL-07-42 (6.7 metres at 2.9 g/t Au), CL-07-41 (10.2 metres at 2.1 g/t Au), CL-07-40 (9.9 metres at 3.8 g/t Au), CL-07-34 (24.2 metres at 1.6 g/t Au), CL-07-35 (14.3 metres at 3.4 g/t Au), CL-07-36 (15.7 metres at 2.3 g/t Au), CL-07-37 (16.3 metres at 2.2 g/t Au), CL-07-38 (17.4 metres at 4.0 g/t Au), and CL-07-39 (14.5 metres at 5.1 g/t Au). The strongest gold intercept from the 2026 program was from PI-26-10 in the Christmas Tree zone, drilled vertically from the same pad as the 2007 holes, testing the zone’s northern extension. Three other drill pads in 2026 tested structures north and west of the Christmas Tree zone, with significant intercepts including 4.5 metres grading 4.77 g/t Au from PI-26-02 and 2.3 metres grading 3.63 g/t Au from PI-26-08. The 2026 drill results will be integrated into the project database and interpreted to support planning for additional exploration at Porcher Island. Imperial will continue to pursue options to reveal value at Porcher Island, including completing ore sorting test work to consider the potential for direct ore shipping, which could eliminate the need for a processing plant or tailings storage and significantly reduce capital requirements and environmental footprint. The property sits at tidewater, facilitating ocean transportation. Jim Miller-Tait, P.Geo., Vice President Exploration, reviewed the news release as the designated Qualified Person for the Porcher Island exploration program. The Porcher Island samples were analyzed at Activation Laboratories Ltd. in Kamloops, with a full QA/QC program using blanks, standards, and duplicates. Reported assay intervals represent apparent widths of mineralization, with insufficient geological information to confirm true widths. Imperial Metals Corporation also holds 100% of the Mount Polley and Huckleberry mines, 30% of the Red Chris mine, and a portfolio of 21 exploration properties in British Columbia.
(TSXV:LEGY) Legacy Gold Mines Ltd. announced its intention to complete a non-brokered private placement of up to 4,285,715 common shares at a price of C$0.70 per share for gross proceeds of up to C$3.0 million. The net proceeds from the private placement will be used to fund continued drilling at the Baner Gold Mine property, located in the Orogrande Mining District of Idaho, as well as for business development and general and administrative purposes. The private placement is subject to approval by the TSX Venture Exchange, and the securities issued will be subject to a four-month hold period in accordance with applicable securities laws. The company may pay a commission or finder's fee to eligible parties in connection with the private placement, subject to exchange approval and compliance with securities laws. Brian Hinchcliffe, Executive Chairman and Chief Executive Officer, stated that expectations about Baner's near-surface gold potential have been exceeded by the 2026 drilling results, and the company intends to continue drilling in the coming months. Approximately 50 holes and 32,000 feet have been drilled over the past several months, outlining gold mineralization open in all directions. The company plans to winterize the drill and return it to the property as it works toward establishing Baner's initial mineral resource. Drilling at the property has been temporarily suspended, and the drill rig has been demobilized for winterization, with plans to resume drilling. Assay results for a number of holes remain pending and will be released once received and reviewed. Mr. Mike Sutton, P.Geo., Director and VP of Exploration, is the Qualified Person who reviewed and approved the scientific and technical disclosure in the press release. Legacy Gold Mines Ltd. holds an option to acquire a 100% undivided interest in the mineral claims comprising the Baner Gold Mine Property in Idaho County, Idaho, USA. The Baner Gold Mine Property is located within the historic Orogrande Gold Mining District. Additional information, including a technical report titled 'NI 43-101 Technical Report on the Baner Project, Idaho County, Idaho, USA', dated effective August 1, 2024, prepared by Steven A. Osterberg, Ph.D., P.G., is available on SEDAR+ under the company's profile.
(TSXV:DYG) Dynasty Gold Corp. has reported assay results from core holes drilled in its recently completed diamond drill campaign at its 100%-owned Thundercloud project, located in the Manitou-Stormy Lakes greenstone belt of Northwest Ontario. The Thundercloud project is situated 200 km southeast of Red Lake and 47 km southeast of Dryden City. The drill program extended gold mineralization vertically at both the Pelham and South-Pelham zones, confirming that the existing gold deposit(s) at Pelham continue much deeper than previously established. Drill hole DP26-07 intersected the highest-grade mineralization at the bottom of the hole, starting from 315.5 meters, with the mineralizing structure remaining wide open. DP26-07 successfully extended the known footprint to 323 meters at depth at the Pelham Zone. Five consecutive samples from 315.5 meters to 323 meters in DP26-07 returned gold values up to 6.26 g/t. Specific intercepts in DP26-07 include 16.0 meters at 0.31 g/t from 151.0 to 167.0 meters, including 4.0 meters at 0.66 g/t, and 48.0 meters at 0.39 g/t from 213.0 to 261.0 meters, including 16.6 meters at 0.60 g/t, 1.5 meters at 2.96 g/t, 1.5 meters at 2.70 g/t, and 1.5 meters at 2.06 g/t. Another interval in DP26-07 was 44.0 meters at 0.63 g/t from 279.0 to 323.0 meters, including 1.5 meters at 6.20 g/t, 1.5 meters at 6.26 g/t, 1.5 meters at 2.27 g/t, 1.5 meters at 1.29 g/t, and 1.5 meters at 2.24 g/t. In the South-Pelham area, six diamond holes were drilled to expand near-surface gold mineralization, with DP26-05 intersecting gold mineralization six meters from surface. DP26-04 intersected three bands of mineralization at depths of 8m, 80m, and 174m, including 36.0 meters at 0.32 g/t from 8.0 to 44.0 meters, with sub-intervals of 15.0 meters at 0.54 g/t, 3.0 meters at 1.22 g/t, 1.5 meters at 2.92 g/t, 1.5 meters at 1.42 g/t, 1.5 meters at 1.21 g/t, and 1.5 meters at 1.25 g/t. Additional intercepts in DP26-04 include 6.0 meters at 0.59 g/t from 80.0 to 86.0 meters, with 1.5 meters at 2.09 g/t, 1.5 meters at 1.58 g/t from 98.0 to 99.5 meters, and 10.5 meters at 0.81 g/t from 174.5 to 185.0 meters, including 1.5 meters at 2.28 g/t, 1.5 meters at 2.79 g/t, 1.5 meters at 2.06 g/t, and 1.5 meters at 0.77 g/t. DP26-05 also returned 2.0 meters at 0.26 g/t from 6.0 to 8.0 meters and 18.0 meters at 0.23 g/t from 17.0 to 35.0 meters, including 1.5 meters at 1.02 g/t. Core recovery is close to 100%. All gold values higher than 5 g/t were re-assayed using Au-GRA21 gravimetric fire assays. The technical information was reviewed and approved by Peter Holbek, MSc, P.Geo, an independent consultant and Qualified Person as defined in NI 43-101. Dynasty Gold Corp. is focused on gold exploration in North America, with projects in Ontario and Nevada, and is currently advancing its Thundercloud gold resource in northwest Ontario.
(CSE:MAV) Maverick Gold and Silver Corp. announced that fieldwork has commenced at its Gator Property, located in the Battle Mountain Mining District, Nevada. The current phase of exploration at Gator is focused on the GSX target, where the company has delineated an extensive zone of favourable alteration within the outcropping Havallah Formation, measuring approximately 1,200 by 700 meters (3,940 by 2,300 feet). This alteration footprint is a priority area for ongoing exploration and target evaluation. Ian Foreman, P.Geo., Vice President, Exploration, stated that this program is the final phase before moving to drilling at Gator. Maverick aims to drill-test all three of its properties within a 12-month period, having recently completed a drill program at the Silver Vista Property and planning to advance Jericho toward drilling in the coming months. The company has received acknowledgement from the U.S. Bureau of Land Management (BLM) of its Notice of Intent for constructing access roads and eight drill pads, as well as proposed drilling activities at the Gator South and GSX targets. The proposed drilling program may proceed following the posting and acceptance of the required financial reclamation bond by the BLM. The Gator Property is located approximately 56 km (35 miles) south-southwest of Battle Mountain and consists of 160 mining claims covering approximately 3,306 acres (1,338 hectares; 13.4 km²) on U.S. federal land administered by the BLM. The property is accessible year-round via all-weather county roads. Gator is situated near several significant gold deposits, including being approximately 60 km (37 miles) south of the Converse Property, which is subject to a proposed acquisition by SSR Mining in a transaction valued at approximately C$712 million. It is also approximately 36 km (22 miles) southwest of the Phoenix gold-silver mine, which hosts 3.2 million ounces of proven and probable reserves (180 million tonnes grading 0.58 g/t gold) and 7.2 million ounces of measured and indicated resources (490 million tonnes grading 0.45 g/t gold), operated by Nevada Gold Mines, a joint venture between Newmont Corporation and Barrick Mining Corporation. Additionally, Gator is approximately 19 km (12 miles) west-southwest of the past-producing Cove-McCoy mine, which historically produced and hosted approximately 3.3 million ounces of gold and 108 million ounces of silver, now owned by i-80 Gold Corp. Detailed geological mapping and geochemical analysis at Gator have outlined a 7 km (4.3 miles) long north-south trending structural corridor prospective for distal-disseminated style epithermal gold-silver mineralization. Within this corridor, Maverick has identified two priority targets: Gator South and GSX. The Gator South target occupies a graben within the broader structural trend, considered prospective for gold-silver mineralization. At the GSX target, strongly silicified sediments of the Havallah Formation host anomalous gold, mercury, and arsenic values, interpreted as potentially representing the upper-level expression of a precious metals-bearing hydrothermal system. The proposed drill program is intended to test these geological, structural, and geochemical targets at depth and further evaluate the potential for significant gold-silver mineralization at Gator. Kenneth Tullar, C.P.Geo., a consultant to the company, has reviewed and approved the scientific and technical information regarding the Gator Property contained in this news release. Glen R. Watson is President & CEO of Maverick Gold and Silver Corp.
(TSXV:BOL) Bold Ventures Inc. announced preliminary results from its Fall channel sampling program at the Traxxin Project, located 130 kilometers west-northwest of Thunder Bay, Ontario. Mechanical stripping and channel sampling at the Traxxin Main Zone targeted the up-dip projection of a mineralized quartz vein previously intersected in hole TX-26-02, which returned 100.7 g/t gold over 2.95 meters as announced on June 25, 2026. Gold results for 30 channel samples have been received, with values ranging from 9 to 24,800 ppb gold (0.009 to 24.8 g/t). Six samples returned greater than 5 g/t gold, and eleven samples returned greater than 1 g/t gold. The highest gold values and densest concentration of anomalous gold values in channel samples to date at the Traxxin Main Zone were reported. The eastern side of the more than 20-meter wide Traxxin shear zone is indicated to be particularly enriched in gold mineralization. Additional mechanical stripping and channel sampling have been conducted along strike from the gold-bearing vein on the eastern edge of the Traxxin Main Zone, with results from 84 additional channel samples pending. Bruce MacLachlan, President and COO, stated that the program's success reflects the company's evolving understanding of the Traxxin gold system and that final channel sampling results will aid in targeting upcoming drilling. Bold Ventures also provided an update on the Ring of Fire, Ontario, where it holds mineral rights including a 10% carried interest in the Black Horse Chromite Deposit. The Federal government has matched Ontario's $1 billion pledge towards road construction to the Ring of Fire, as part of a $9-billion package to support critical mineral development and downstream industries. Channel samples were cut by portable diamond saw under QP supervision, placed in sealed bags, and sent to Activation Laboratories (ActLabs) in Thunder Bay, an ISO/IEC 17025 accredited laboratory. Control samples (blanks, gold standards, duplicates) were inserted at a rate of 5%. All samples were analyzed for gold using ActLabs method 1A2-50 (50g fire assay with atomic absorption finish), and over-limit (>5g/t) samples were analyzed using ActLabs method 1A3-50 (50g gravimetric fire assay). Channel sample lengths, orientations, dips, and positions relative to geological features were mapped under QP supervision. The technical information was reviewed and approved by Coleman Robertson, B.Sc., P. Geo., V.P. Exploration and qualified person for NI 43-101. Bruce MacLachlan is President and COO, and David Graham is CEO.
(TSXV:BRO) Barksdale Resources Corp. has commenced an update to the Preliminary Economic Assessment (PEA) for its 100%-owned San Javier copper-gold project in Sonora, Mexico. The PEA Update will include additional metallurgical testing focused on the recovery of both gold and copper mineralization and assess its potential impact on project economics. Gold at San Javier occurs primarily in the surficial oxide zone, with intercepts such as 15.0 metres of 0.727 g/t Au in hole SJ21-25 starting 21.0 metres below surface. In 2026, Barksdale assayed 187 drill core reject samples from five holes drilled in 2007 for gold content, with four holes returning positive results, including 9.0 metres of 3.464 g/t Au in SJ07-64 and 12.0 metres of 1.084 g/t Au in SJ07-66. The current 2024 PEA mine plan features a life-of-mine strip ratio of 0.6:1, with minimal pre-stripping required as mineralization outcrops at surface and waste material used for construction and haul roads. The 2024 PEA assumed a copper-only heap leach operation at US$4.00/lb copper. The PEA Update will use updated consensus metal prices for copper and gold, replacing the 2024 PEA's copper-only price deck. Higher copper prices and potential gold credits will be evaluated to determine if the conceptual pit shell can be extended below the base of the hill. In the 2024 PEA, a copper price of US$4.50/lb increased Measured and Indicated tonnage by 18% and post-tax NPV7% by 68%, without considering gold. The PEA Update is expected to be completed in the fourth quarter of 2027. Chris Stewart, President and CEO, highlighted the project's low initial capital cost of US$116.8 million and low strip ratio, noting that the 2024 PEA valued San Javier on copper alone at US$4.00/lb and did not consider gold recovery. Section 24.3 of the 2024 PEA referenced a conceptual range of 250,000 to 400,000 ounces of gold within the deposit, primarily in the oxide zone, but attributed no value to it as gold was not included in the last Mineral Resource update in 2022. The 2024 PEA outlined an open pit, heap leach, and SX-EW operation producing copper cathode at 10,000 tonnes per day over a 12-year mine life, with initial capital of US$116.8 million, post-tax NPV7% of US$61.6 million, and post-tax IRR of 18.1%. The supporting Mineral Resource, effective October 31, 2022, totals 70.1 million tonnes grading 0.271% total copper (419.2 million pounds copper) with 289.4 million pounds Cu recoverable. Gold was not included in the 2022 Mineral Resource estimate or the 2024 PEA due to lack of economic extraction evaluation, and the 2024 PEA recommended evaluating the potential for a gold Mineral Resource. The company has since assayed 187 preserved drill core reject samples for gold and is selecting 2007 and 2021 drill core rejects for bottle roll and column leach tests to estimate gold recoveries. AKF Mining Services will complete the PEA Update in accordance with NI 43-101, including updated gold and silver metallurgical test work, an updated copper and gold Mineral Resource estimate at consensus pricing, pit shell and cut-off grade re-optimization, and updated capital and operating costs, mine plan, and economic analysis including copper and gold. William Wulftange, a Director of the Company and Qualified Person as defined by NI 43-101, has reviewed and approved the scientific and technical information in this release. Information relating to the 2024 PEA is derived from the technical report titled 'Preliminary Economic Assessment Study for San Javier Property, Sonora, Mexico, NI 43-101 Technical Report' with an effective date of January 2, 2024, prepared by Tetra Tech Canada Inc. and Independent Mining Consultants, Inc.
(TSXV: ROAR) Lion Rock Resources Inc. has appointed Terrence (Terry) Lyons, ICD.D, to its Board of Directors as an independent director. Mr. Lyons is a former Managing Partner of Brookfield Asset Management and brings nearly five decades of experience in financing, managing, and restructuring companies in natural resources, manufacturing, real estate, and merchant banking. In 2007, Mr. Lyons received the Inco Medal from the Canadian Institute of Mining, Metallurgy and Petroleum (CIM) for meritorious contributions to the mining industry. His board experience includes roles on both the critical minerals and gold sides of Volney, Lion Rock's project in South Dakota's Black Hills. He was Chair of Pacific Wildcat Resources Corp., a tantalum and rare earth mining company, and Chair of Northgate Minerals Corp. (now part of Alamos Gold), as well as Vice-Chair of Battle Mountain Gold Company (acquired by Newmont). Nav Dhaliwal, Executive Chairman, stated that Mr. Lyons' appointment strengthens the Lion Rock team and brings direct experience in a mineral at the core of Volney. Mr. Lyons joined Versatile Corporation in 1976, became Senior Vice-President in 1986, and presided over its restructuring; the company is now B.C. Pacific Capital Corporation, wholly owned by Brookfield. He spent 17 years with the firm, including as Managing Partner responsible for merchant banking and restructuring in the natural resource sector, retiring in 2004 and remaining a consultant until 2014. Mr. Lyons currently serves on the boards of Canaccord Genuity Group Inc. (Chair of the Audit and Risk Committees), Martinrea International Inc. (Chair of the Audit Committee), and Badlands Resources Inc., and is Chair of Waterotor Technologies Inc. His past board roles include Chair of Polaris Materials Corp. (now part of Vulcan Materials), Northgate Minerals Corp. (now part of Alamos Gold), Pacific Wildcat Resources Corp., EACOM Timber Corp. (now part of Interfor), Three Valley Copper Corp., Westmin Resources Ltd., and Vice-Chair of Battle Mountain Gold Company (acquired by Newmont). Mr. Lyons is a former Chair of the Mining Association of British Columbia, a former Governor and Executive Committee member of the Business Council of British Columbia, a Governor and former Co-Chair of the Business Laureates of BC Hall of Fame, and a member of the Institute of Corporate Directors. He holds a Bachelor of Applied Science in Civil Engineering from the University of British Columbia and an MBA from Western University's Richard Ivey School of Business, where he is a Member Emeritus of the Advisory Board. Lion Rock Resources also announces that Dominic Verdejo has resigned as a director. The Board thanked Mr. Verdejo for his contributions and wished him success. Lion Rock Resources Inc. is advancing the lithium-tin-tantalum project of Volney, South Dakota, a past-producing critical minerals asset that also hosts a recently made gold discovery. The Volney property is located in a mining-friendly jurisdiction, surrounded by active gold operations, is accessible via an all-season road, has on-site power and water, and is less than one hour's drive from the US rail network. The company is led by an award-winning team with a proven track record of mineral discoveries, project development, and financing. R. Dale Ginn is President & Chief Executive Officer.
(TSXV:NXS; OTC:NXSGF) Nexus Gold Corp. has submitted eight mineral concession applications covering approximately 14,151 hectares (141.5 km²) in the South Bolívar gold district of Colombia. The applications are located about 8 kilometres northwest of Santa Rosa del Sur, Bolívar, within the historic Serranía de San Lucas gold region, an area known for structurally controlled mesothermal gold systems and significant artisanal and small-scale mining activity. These applications are currently under review by Colombia's National Mining Agency (ANM) and do not yet constitute mineral titles or concessions held by Nexus. Edward Kelly, President and CEO of Nexus, stated that the company's strategy in Colombia is to combine the discovery potential of underexplored ground with opportunities to advance more established gold projects, and that initial objectives, subject to approvals, will include mapping and sampling to identify exploration targets. The application areas reportedly contain interpreted structures similar to those associated with known gold mineralization elsewhere in the district, but no evidence of historical drilling has been identified within these areas. The Walter Mine, located approximately 20 kilometres southwest of the nearest application boundary, is cited as a regional geological analogue for the targeted mesothermal gold systems. Historical sampling at the Walter Mine reportedly returned gold values including 88.9 g/t Au over 6.0 metres, 147.5 g/t Au over 1.0 metre, 41.4 g/t Au over 1.25 metres, 55.9 g/t Au over 3.0 metres, 95.0 g/t Au over 1.6 metres, 20.8 g/t Au over 2.0 metres, 73.5 g/t Au over 2.0 metres, 69.3 g/t Au over 1.5 metres, and 17.7 g/t Au over 4.3 metres, though these results have not been independently verified and are not necessarily indicative of mineralization within Nexus’s application areas. Nexus’s proposed exploration strategy, contingent on successful granting of applications and permits, includes compilation and interpretation of regional data, detailed mapping, sampling of artisanal workings and veins, systematic geochemistry, geophysical surveys, and development of priority targets for potential diamond drilling. The company notes that Colombia’s new national government has signaled support for renewed natural-resource investment, exploration, mine development, and more efficient permitting, though implementation and effects on individual projects remain uncertain. The scientific and technical information in the release has been reviewed and approved by Thomas Kelly, SME Registered Member 1696580, who is the Company’s lead Technical Advisor and Colombian Country Manager. Nexus has not independently verified the Walter Mine sampling results, and the Walter Mine is a third-party property in which Nexus holds no interest. Additionally, Nexus Gold Corp. has granted 800,000 incentive stock options to directors and officers under its stock option plan. The options are exercisable at $0.17 per common share for five years from the date of grant and vest in equal installments of 25% every six months, subject to TSX Venture Exchange policies.
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