202616 releases
Sankamap Discovers 1,000 Metre Long New High-Grade GoldSystem at North Fauro Property
Sankamap Metals (CSE: SCU) reports discovery of a new hydrothermal gold system about 1,000 metres long at its 100%-owned Fauro Property in the Solomon Islands, based on rock sampling in the northern portion of the property. Rock samples returned gold assays of 18.85 g/t, 9.57 g/t, 9.53 g/t and 5.98 g/t, with molybdenum up to 446 ppm. Only 12% of 1,245 rock samples from the 2026 program have been reported, and the discovery zone has never been drill tested.
Drill resultsSankamap Expands Exploration Footprint at Fauro as Systematic Prospecting Advances and New Gold Targets Emerge
Silt sampling at the 24,100-ha Fauro Property in the Solomon Islands returned up to 6.78 g/t Au from an area with no known historical sampling, while recent surface rock sampling returned values up to 116.0 g/t Au and 4.0% Cu. A total of 829 samples have been collected, with 798 assays pending. An induced polarization survey over high-priority targets is planned, followed by an initial 2,000-to-3,000-metre drill program.
Drill resultsSankamap Advances Kuma Drill Program with Second Target Underway
The first drill hole at the 4,500-hectare Kuma Property in the Solomon Islands, KU26-001, has been completed with assays pending, intersecting intense clay alteration, abundant anhydrite veining and pervasive pyrite beneath the roughly 2 km lithocap. Drilling has begun on KU26-002, testing a coincident magnetic and conductivity anomaly on the lithocap's northern margin. The fully funded 2026 program covers 2,000 m to 3,000 m of drilling, with recent surface rock samples returning up to 3.0 g/t Au.
Drill resultsSankamap Resumes Drilling at Kuma; First Assays Pending
Drilling has resumed at the 4,500-hectare Kuma Property in the Solomon Islands, with hole KU26-001 advanced to 840 metres and intersecting zones of alteration and sulphide mineralization between 250 m and 840 m. Assays for the first 559 m (365 samples) have been submitted and are pending, along with results from surface sampling completed during the drilling pause. The fully funded 2,000 to 3,000-metre program is expected to continue through the third quarter.
Drill resultsSankamap Secures Two-Year Prospecting Licence Renewals for District-Scale Kuma and Fauro Copper Gold Properties
The Solomon Islands Government has approved two-year prospecting licence renewals for Sankamap's 4,500-ha Kuma Property and 24,100-ha Fauro Property, covering a combined 28,600 hectares, with community access agreements renewed for the same period. At Kuma, inaugural drill hole KU26-001 intersected a 30.5-metre interval of intense clay alteration, anhydrite veining and pervasive pyrite mineralization, with assays pending; drilling is expected to resume in July/August 2026. Fauro work is focused on rock sampling, mapping and target refinement.
CorporateExploration Momentum Continues with Launch of District-Scale Prospecting Program
A targeted surface sampling program has begun across the 4,500-hectare Kuma Property and the 24,100-hectare Fauro Property in the Solomon Islands, during a planned break in drilling at Kuma for safety inspections, crew rest and equipment maintenance. Assays for the first 559 m (365 samples) of inaugural hole KU26-001 have been submitted and are pending; the hole intersected a 30.5 m interval from 250.0 m to 280.5 m of clay alteration, anhydrite veining and pyrite. About 20-30% of the planned 2,000-3,000 m program is complete, with Fauro drilling planned for Q4 2026.
Drill resultsEncouraging Early Signs of Large Gold-Copper System Identified at Kuma
Drilling at the Kuma Property in the Solomon Islands has intersected an intensely clay-altered zone with abundant anhydrite veining and pyrite from 250.0 m to 280.5 m depth, with hole KU26-01 ongoing. Grab samples near the initial collar returned up to 3.0 g/t Au, and nearby stream water samples showed copper of 0.221 mg/L, about 10 times pristine background levels. The fully funded initial campaign is planned at approximately 2,000 to 3,000 metres, continuing through Q2 and early Q3.
Drill resultsSankamap Announces Adoption of Semi-Annual Reporting
Sankamap Metals Inc. (CSE: SCU) has adopted semi-annual financial reporting under Coordinated Blanket Order 51-933, which exempts eligible venture issuers from filing Q1 and Q3 financial statements and MD&A. With a June 30 fiscal year end, the Company will not file interim financial statements and MD&A for the nine months ended March 31, 2026, nor for subsequent quarters ended September 30 and March 31, while it remains eligible.
CorporateSankamap Metals Launches Inaugural Drill Program at Kuma
An inaugural drill program of approximately 2,000 to 3,000 meters has begun at the Kuma Property in the Solomon Islands, targeting several priority zones identified by geological mapping, geophysics and surface sampling, including an untested leached lithocap with advanced argillic alteration. The program is fully funded, with drilling expected to continue through Q2 and early Q3 and assays released as validated. No drilling has previously taken place in the area. Subject to regulatory approval, 2,400,000 stock options were granted at $0.40, exercisable for five years.
Drill resultsSankamap Closes Oversubscribed Private Placement
A private placement previously announced on March 3, 2026 has closed, with 21,168,576 units sold at $0.35 per unit for gross proceeds of $7,409,001. Each unit comprises one common share and one-half warrant exercisable at $0.55 for 24 months; finders received $300,465 in cash and 1,153,113 warrants exercisable at $0.35 for 24 months. Proceeds will fund exploration and development, including a drilling rig for the Fauro property to allow simultaneous drilling at Kuma and Fauro in the Solomon Islands.
FinancingSankamap Announces $5.0M Private Placement
A non-brokered private placement of up to 14,285,715 units at $0.35 per unit for gross proceeds of up to $5 million has been proposed by Sankamap Metals Inc. (CSE: SCU), with each unit comprising one common share and one-half warrant exercisable at $0.55 for 24 months. Proceeds will fund exploration and development, including acquisition of a drilling rig for the Fauro property to allow simultaneous drilling at Kuma and Fauro, and working capital. Finder's fees of up to 6.0% may apply; the Offering requires CSE approval and securities carry a four-month and one day hold.
FinancingFauro Property Delivers Multiple Multi-Ounce Gold Assay Hits
Grab sampling at the Meriguna Target on the 24,000-hectare Fauro Property in the Shortland Islands, Western Province, Solomon Islands, returned up to 116 g/t gold and 87.5 g/t silver, with an average of 16.4 g/t Au across all rock samples collected during a November 2025 site visit. Meriguna lies about 2.5 km north of the Kiovakse target. A phased 2026 program will continue systematic sampling, followed by targeted geophysical surveys and a focused drill program.
Drill resultsSankamap Announces Revocation of MCTO
The Management Cease Trade Order issued on October 29, 2025 by the Alberta Securities Commission against Sankamap Metals Inc. (CSE: SCU) has been revoked effective February 4, 2026. The MCTO applied only to the Company's CEO and CFO and did not affect trading by other shareholders. Sankamap filed its annual audited financial statements, MD&A and CEO/CFO certifications for the fiscal year ended June 30, 2025 on January 29, 2026, and its interim first-quarter statements on January 30, 2026.
NewsSankamap Provides Update on Late Filing of Financial Statements
The Alberta Securities Commission has approved an extension of Sankamap Metals' Management Cease Trade Order to January 31, 2026, pending completion of the company's audited annual financial statements and MD&A for the fiscal year ended June 30, 2025, which were due October 28, 2025. Substantially all audit work is complete, with one minor confirmation and customary completion procedures remaining. Interim first-quarter statements are expected to be filed shortly after the required filings, with bi-weekly default status reports continuing.
CorporateSankamap Advances Toward Inaugural Drilling at Kuma Property in the Solomon Islands
Drill pad construction has been completed and a field crew mobilized for camp construction and rock sampling at the 4,500-hectare Kuma property, about 37 km southeast of Honiara in south-central Guadalcanal, Solomon Islands, with a drill rig dispatched and drilling on track to begin in February 2026. An initial 44 surface rock samples were shipped to ALS Global in Brisbane, Australia for geochemical and hyperspectral analysis, with further sampling planned near additional geophysical anomalies.
Drill resultsSignificant Gold and Copper Potential at Oceania Project
Prospecting and geological mapping at the Meriguna Target on the 24,000-hectare Fauro property in the Shortland Islands, Western Province, Solomon Islands, included fifteen preliminary grab samples collected in November 2025, with visible gold observed in surface alluvial workings by local artisanal miners. Historical results at Meriguna include drill intercepts of up to 35 metres at 2.08 g/t Au, trenching of 8 metres at 27.95 g/t Au, and rock samples up to 173 g/t Au. A phased 2026 program is planned, starting with systematic sampling and potential geophysics to define drill targets.
Drill results
202515 releases
Sankamap Updates Status on Late Filing of Financial Statements
Annual audited financial statements and MD&A for the fiscal year ended June 30, 2025, originally due October 28, 2025, remain unfiled, with Sankamap Metals and its new auditor working toward completing the audit by December 28, 2025; most audit fieldwork is expected to be completed this week. A Management Cease Trade Order issued by the Alberta Securities Commission on October 29, 2025 restricts trading by the CEO and CFO until the filings are made. Interim first-quarter statements are expected shortly afterwards.
CorporateSankamap Updates Status on Late Filing of Financial Statements
Sankamap Metals has not yet filed its annual audited financial statements and MD&A for the fiscal year ended June 30, 2025, which were due October 28, 2025. The audit of its private subsidiary remains incomplete, delayed by the departure of the quality-control partner overseeing the file, and while the Company and its auditor are working toward November 28, 2025, an extension may be required. A Management Cease Trade Order issued October 29, 2025 by the Alberta Securities Commission restricts trading by the CEO and CFO.
CorporateSankamap Updates Status on Late Filing of Financial Statements
Sankamap Metals continues to work toward filing its annual audited financial statements and MD&A for the fiscal year ended June 30, 2025, which were due October 28, 2025, and expects to file on or before November 28, 2025. A Management Cease Trade Order issued by the Alberta Securities Commission on October 29, 2025 restricts trading by the CEO and CFO until the filings are made. The audit of the Company's subsidiary is expected to be finalized within days, with interim first-quarter statements to follow.
CorporateSankamap Announces Airborne Geophysical Survey Results Highlighting Promising Anomalies
Data processing and reports are complete for the 374 line-kilometre airborne Mobile MT survey flown in July 2025 over 3,500 hectares of the 4,500-hectare Kuma property, 37 km southeast of Honiara, Guadalcanal, Solomon Islands. Results outline a 5 x 2 km ring-shaped high-conductivity zone flanking a central 2 x 3 km resistive feature, correlating with the mapped lithocap. Following a $4.7 million financing, pad and camp construction begins in late November, with drilling to start in January 2026. The Company also granted 2,250,000 options at $0.30 for five years.
Drill resultsSankamap Makes Application for Management Cease Trade Order As Part of the 2025 Audit Filing Process
Sankamap Metals Inc. has applied to the Alberta Securities Commission for a Management Cease Trade Order under NP 12-203, anticipating a delay in filing its audited financial statements, MD&A and CEO/CFO certifications for the year ended June 30, 2025, which are due October 28, 2025. The Company expects to complete the filings on or before November 28, 2025, citing later-than-expected finalization of financial information from a recently acquired subsidiary, and will issue bi-weekly default status reports until then.
CorporateSankamap Announces Private Placement
A non-brokered private placement of up to 22,727,272 units at $0.22 per unit for gross proceeds of up to $5 million is proposed, with each unit comprising one common share and one-half warrant exercisable at $0.40 for two years from closing. Proceeds will fund exploration and development of Sankamap's projects and general working capital. Finder's fees of up to 6.0% in cash and warrants may be paid. The offering is subject to CSE approval and a four-month and one day hold period.
FinancingSankamap Metals Reports High-Grade Gold and Copper Results, Including Up to 19.25 g/t
Grab sampling at the Kiovakase Target on the 24,000-hectare Fauro Property in the Shortland Islands, Western Province, Solomon Islands returned up to 19.25 g/t gold and 4.09% copper, with sixteen preliminary samples averaging 6.53 g/t Au and silver ranging from 6.3 to over 100 g/t. Sampling covered a zone exceeding 500 metres in strike length. A phased exploration program, beginning with systematic sampling and a possible follow-up geophysical survey, is slated to commence in late 2025.
Drill resultsSankamap CEO Joins Board of McEwen Inc.
Sankamap Metals CEO John Florek has been appointed to the Board of Directors of McEwen Inc. (NYSE: MUX | TSX: MUX), a producer of gold, copper and silver with operations across the Americas. Florek, a geologist with more than three decades of exploration and resource development experience, will continue as Chief Executive Officer of Sankamap, which is advancing its Oceania Project in the Solomon Islands, including the Kuma and Fauro properties.
ManagementSankamap Metals Highlights Historical Exploration Work at the Kuma Property
Historical exploration results were compiled for the 4,500-hectare Kuma property, part of the Oceania Project in Guadalcanal, Solomon Islands, 37 km southeast of Honiara. Rock chip sampling returned up to 13.5 g/t gold and 11.7% copper, with kilometre-scale Cu-Au soil and rock anomalies and a lithocap extending over 2 kilometres showing phyllic, argillic and advanced argillic alteration; the target is untested by drilling. A follow-up program including a MobileMT survey, airborne photogrammetry and LiDAR, and rock sampling was scheduled to begin mid-May 2025.
CorporateSankamap Metals Mobilizes to the Oceania Project
Expert Geophysics Surveys Inc. has been engaged to fly a 271-line-kilometre Mobile MagnetoTellurics airborne survey over the 4,500-hectare Kuma Property in Guadalcanal, Solomon Islands, part of the Oceania Project. Data collection starts mid-May 2025 with results expected by July, running alongside airborne photogrammetry and LiDAR mapping by 61 Aero and a rock sampling program, ahead of a drill program slated for Fall 2025. The Company also granted 3,850,000 five-year options at $0.18 and engaged Peak Investor Marketing Corp. at $6,000 per month.
NewsSankamap Closes Unit Private Placement
A non-brokered private placement of 7,248,331 units at $0.12 per unit closed for gross proceeds of up to $869,799. Each unit comprises one common share and one three-year warrant exercisable at C$0.30 in year one, C$0.35 in year two and C$0.40 in year three, with the company able to accelerate the expiry date. Finders received $19,595 cash and 193,898 warrants at $0.12; securities are subject to a hold period until August 24, 2025. Proceeds will fund exploration and development of Sankamap's projects and working capital.
FinancingMaclaren Minerals Announces Name Change
Maclaren Minerals Ltd. (CSE:MRN) will change its name to Sankamap Metals Inc. effective after market close on March 10, 2025, with shares trading on the CSE under the symbol SCU from the open on March 11, 2025. The change was accepted by the CSE and approved by the Board. Following its acquisition of Sankamap Exploration Inc., the company has commissioned a technical report on Sankamap's properties in the Solomon Islands, expected on or about June 30, 2025.
CorporateMaclaren Minerals Acquires Sankamap Properties In The Solomon Islands
Maclaren Minerals Ltd. (CSE:MRN) has completed its acquisition of a 100% interest in Sankamap Exploration Inc., issuing 16,625,000 common shares at a deemed price of $0.06 for total deemed consideration of $997,500 in an arm's length transaction with no finder's fee. The assets are the 14,700-hectare Fauro gold project and the 4,300-hectare Kuma copper-gold project in the Solomon Islands. John Florek was appointed CEO, replacing Gary Musil, and John Alcock and Jim Greig joined the board.
Acquisition