Junior Mining Intelligence · Friday snapshot
GoldVenture Weekly
Week ending July 17, 2026 · 397 companies tracked, 354 priced
Silver was the week's dominant mover, falling -6.56% to $55.8/oz and extending a four-week downtrend, while gold declined -2.48% to $4,016.7/oz against the same multi-week backdrop; all eight tracked metals closed lower on the week. Junior equities broadly underperformed, with the five ranked movers posting losses ranging from -10.0% to -21.52%. Material releases, totaling 73 in the window, were the dominant catalyst class, though two of the five largest movers had no attributable release.
What changed: breadth 13.6% up vs 23.7% last week; median -5.5% vs -4.2%; 2 deals for $44.8M vs 5 for $54.6M; 87 material releases vs 65.
Top developments
EQX (Equinox Gold) shed -12.57% with a sector z-score of -1.87 — no material release in window — move appears technical.
MUN (Mundoro Capital Inc.) fell -21.52%, the steepest decline of the week with a sector z-score of -3.2 — no material release in window — move appears technical.
WM (Wallbridge Mining Company Limited) dropped -10.0% following the July 14 release of drill results from its 2026 Martiniere program reporting expansion of mineralization along the Bug Lake Corridor. Release ↗
RDU (Radius Gold Inc.) declined -12.12% after announcing on July 15 the execution of a formal option agreement to acquire 100% of the Jonco Silver Project in Peru. Release ↗
ALS (Altius Minerals) fell -11.35% coinciding with its July 14 announcement of a C$181.5 million bought-deal public offering of common shares. Release ↗
Sector cohorts new
| Cohort | n | Median move | Median | % up | Metal wk | Best · worst |
|---|---|---|---|---|---|---|
| Gold last wk -3.4% | 217 | -5.6% | 12% | -2.48% | SKP +39.3% · CRI -53.9% | |
| Copper last wk -5.2% | 42 | -4.8% | 11.9% | -0.32% | RUSH +19.1% · NBLC -33.3% | |
| Silver last wk -8.2% | 24 | -6.1% | 25% | -6.56% | AFF +20.0% · TSLV -11.1% | |
| Lithium last wk -2.8% | 12 | -8.1% | 0% | -1.95% | BRW 0.0% · NVLH -19.1% | |
| Nickel last wk -3.6% | 7 | -3.9% | 0% | no quote | GT 0.0% · FPX -8.2% | |
| Uranium last wk -4.1% | 6 | -4.5% | 33.3% | -0.35% | ABA.V +5.3% · HLU -17.9% |
By exchange: CSE 17.4% up, median -5.7% (n=46) · TSX 6.7% up, median -8.2% (n=45) · TSXV 14.1% up, median -5.0% (n=262)
Metals
Capital markets
By type
By commodity, share of dollars new
Solid: this week. Grey: prior four weeks.
Deal terms new
Price against the stock's current price and shares issued against shares outstanding, from the financing record.
| Company | Type | Amount ▾ | Price | vs market | Dilution | Warrants | Closes | Status |
|---|---|---|---|---|---|---|---|---|
| Gladiator Metalspage GLAD Copper | Private Placement | $35.0M | $2.65 mkt $3.02 | -12.3% | 12.5% | none | Jul 15 | closed |
| Lode Gold LOD Gold | Private Placement | $9.7M | $0.27 mkt $0.30 | -10.0% | 58.1% | $0.45 to Jan 19 | Jul 31 | closed |
Insider activity new
Net buyers
Directors, officers and 10% holders paying market price with their own cash (SEDI filings). Grants, exercises and plan purchases are excluded. Canadian dollars.
| Apollo SilverAPGO | 5 buys · 2 insiders | +C$428K |
| Red Metal Resources Ltd.RMES | 2 buys · 1 insider | +C$99K |
| Fitzroy MineralsFTZ | 1 buy · 1 insider | +C$50K |
5 more net buyers this week on the insider board.
Cluster buying: Angkor Resources Corp (2 insiders, C$10K).
Net sellers
Open-market sales; option exercises followed by a sale count only for the sale.
No net insider selling this week.
Source: SEDI filings as published by TMX Money. Full board at /insiders.
Drill and discovery board new
Drill results
The BLM has approved a fifth modification to the Plan of Operations at the 100%-owned 130km² Atlanta Gold Mine Project in eastern Nevada, permitting 78 additional reverse circulation and 404 rotary air blast drill sites, primarily in the Atlanta South, Silver Park and Western Rim target areas. New disturbance totals 21.1 acres, bringing the project total to 73.4 acres. A third rig, an additional RC rig, is mobilizing, with both RC rigs on two 12-hour shifts. With about C$18.1 million in cash, the 40,000 metre Phase 4 RC program is fully funded, with roughly 12,000 metres drilled to date.
Infill reverse circulation drilling at the Goldboro Gold Project in Nova Scotia returned 12.06 g/t gold over 6.0 metres (including 67.41 g/t over 1.0 metre) in hole RC-26-147 and 3.84 g/t over 18.0 metres in RC-26-102, from 3,420 metres across 72 holes in the West pit. The program has been expanded from about 30,000 metres to 40,000 metres and is roughly 62% complete, continuing into Q4 2026. NexGold will also issue 800,833 shares at $1.1939 to Sprott Streaming to settle a US$675,000 royalty payment.
Initial results from the reverse circulation infill drill program at the Goldboro Gold Project in Nova Scotia include 61.22 g/t gold over 12.0 m (18.0–30.0 m), with 685 g/t gold over 1.0 m, in hole RC-26-073, and 5.85 g/t gold over 13.0 m (9.0–22.0 m) in RC-26-037. Results cover 3,265 m from 82 holes within a program of up to 30,000 m in 600 holes, of which over 65% is complete. Drilling is to continue into Q3 2026, with an updated Feasibility Study expected in Q3 2026 and an investment decision later this year.
Drilling at the 100%-owned Munro-Croesus Project, 75 km east of Timmins, Ontario, returned 3.5 g/t gold over 28.1 m (including 5.3 g/t over 17.8 m) in hole MC26-274A at Argus North, extending the zone to more than 700 m vertical depth. Argus Main hole MC26-324 returned 1.0 g/t Au over 93.0 m, and first-pass drilling 250 m northeast intersected 2.6 g/t Au over 7.3 m. Onyx has four rigs turning, 188 holes totalling ~75,000 m to date, and approximately $18 million in cash.
The 2026 exploration program has begun on Hi-View Resources' property in the Toodoggone Mining District, British Columbia, comprising 50 line kilometres of induced polarization surveying, 50 square kilometres of geological mapping and prospecting, and about 4,000 soil samples covering more than 100 square kilometres, analyzed with an ultratrace multielement package. Work spans Lawyers East, Borealis, Black Pearl, Golden Stranger, Saunders, Nub and northern properties. Drill permits have been approved for Lawyers East, Borealis and Golden Stranger.
A second drill rig has been mobilized to the Roger project in Quebec's Chibougamau district, and a $2.0 million, 6,000-m Phase 2 definition drilling program is budgeted to start in late summer or early fall, aimed at moving the historical resource to the Inferred category and updating the 2018 estimate. Phase 1 results include 4.01 g/t Au over 2.8 m, 32.6 g/t Au over 1.2 m, and 1.55 g/t Au, 41.2 g/t Ag, 0.18% Cu over 4.2 m from VMS intersections.
An exploration drill permit has been received for the Mud Lake target in the Gold Rock Camp, Dryden District, Northwestern Ontario, also covering the Wamsley target. Surface samples from a high-grade shear zone at Mud Lake assayed 93.00 g/t gold. Two drills are currently operating at Gold Rock, with one rig to be deployed to Mud Lake in early August.
Drilling at the UV Target on the Tower Mountain property, 40 km west of Thunder Bay, Ontario, returned 142.0 metres averaging 0.668 g/t Au in hole TM26-204, including 45.0 metres at 1.793 g/t Au and 1.5 metres at 44.100 g/t Au. Other results included 238.5 metres at 0.259 g/t Au in TM26-200, 39.0 metres at 0.320 g/t Au in TM26-198 and 13.5 metres at 0.612 g/t Au in TM26-203, from six holes totalling 2,937 metres. Resource definition drilling starts August 1, with results expected mid-October ahead of an updated MRE.
Preliminary 3D induced polarization results from the southern block of the Carrizal copper-gold-cobalt property near Vallenar, Chile's Atacama Region, returned chargeability anomalies across all six lines (L0, L200, L400, L600, L800, L1000), each about 2,000 metres long and spaced 200 metres apart, traced over roughly one kilometre and open along strike and at depth. A secondary chargeability trend was identified at depth in the eastern parts of Lines L800 and L1000. Drilling to date has not tested the highest anomalies.
Grab and panel-grab rock samples from quartz vein sub-outcrops at the new Tahami Southeast target in Colombia's Segovia Gold District returned up to 59.4 g/t gold and 52.30 g/t silver, with an approximately 1 km by 1 km sericitic-alteration anomaly and gold in pan in surrounding drainages. It is the third target on Quimbaya's Tahami ground, after Tahami South and the Tahami Center Cu-Mo-Au porphyry, with mapping and sampling to define drill targets planned for the second half of 2026. The board also approved the grant of 1,300,000 stock options at C$0.40 for five years and 1,550,000 RSUs.
A new gold target has been defined at Tahami Southeast in Colombia's Segovia Gold District, where selective grab and panel-grab samples from quartz vein sub-outcrops returned up to 59.4 g/t gold and 52.30 g/t silver, alongside an approximately 1 km x 1 km sericitic-alteration anomaly with gold in pan. Mapping and sampling to define drill targets is planned for the second half of 2026. The board also approved 1,300,000 stock options at C$0.40 for five years and 1,550,000 RSUs.
Drilling at the Mercur Gold Project in Utah returned 1.65 g/t gold over 30.5 meters from 128 meters downhole in RM26-204 and 0.92 g/t gold over 30.5 meters from 145 meters in RM26-183, from the first 13 reverse circulation holes in the South Mercur and Main Mercur areas. Revival Gold has completed 7,400 meters in 74 holes of an 18,000-meter program; results at South Mercur indicate potentially leachable zones extend below the PEA open pit. Two additional rigs are expected later this summer, with a PFS targeted for end of Q1-2027.
Drilling at the 100%-owned West Cache Gold Project near Timmins, Ontario extended Zone #9 mineralization 360 metres down-plunge (350 metres down-dip) from the planned bulk sample stopes to a vertical depth of 500 metres. WC-26-238 returned 2.03 g/t Au over 23.25 m, including 6.01 g/t Au over 4.05 m; WC-26-240 returned 2.61 g/t Au over 12.0 m, including 3.32 g/t Au over 9.0 m; WC-26-236 returned 0.59 g/t Au over 11.3 m, extending strike beyond 125 m. Continuity with the West Deep zone has not been demonstrated.
Assay results from 23 rock-chip samples at the Silver King Project in central Arizona returned highs of 1.73% copper, 30 ppm molybdenum, 1,362 g/t silver, 4.1% lead and 1.3 g/t gold. Mapping covering 50% of the property outlined a pyrite halo of at least approximately 2.0 km by 1.5 km, two hydrothermal breccia zones and potassic alteration, with IP chargeability increasing to approximately 225 m depth. Planned work includes further sampling, a deeper IP survey and Phase 2 drilling design.
A 1,912 line-km airborne VTEM and magnetic survey has been completed by Geotech Ltd. over the 100%-owned Bradley Peak Gold Camp in central Wyoming, covering roughly 32,000 acres of Archean geology. The program was partly funded by a US$226,533 matching grant under the Wyoming Energy Matching Funds program administered by the Wyoming Energy Authority. Final processed data and preliminary interpretations are expected ahead of planned exploration, feeding into 2026 and 2027 drilling and targeting.
Final assays from the Winter 2026 drill program at the Lion Zone, part of the Nisk Project Area in Quebec, include hole PML-26-116 with 36.42 m at 2.83% CuEqRec from 84.00 m, including 6.00 m at 12.38% CuEqRec and 4.07 m at 4.30% CuEqRec; PML-26-113 returned 44.50 m at 0.75% CuEqRec. An initial NI 43-101 resource estimate for Lion and Nisk is scheduled for end of July, with a PEA to follow. Shareholders approved all AGSM items on June 30, 2026, including a quorum threshold increase to 33-1/3%.
First-ever drilling at Antino Northeast, part of the Antino Gold Project in southeastern Suriname, returned 58.5 m of 1.00 g/t gold from 18.6 m in ANE009, including 18.0 m of 1.59 g/t, and 53.0 m of 0.46 g/t from 149.0 m in ANE002, over a 1,200 m drill-confirmed strike. Antino North returned 16.5 m of 1.82 g/t from 8.1 m and 8.1 m of 3.42 g/t from surface, while fifteen deep auger holes at Maria Geralda included 30.0 m of 4.52 g/t and 23.0 m of 5.31 g/t. At Antino West, hole FR251 cut a 35 m shear zone with visible gold 50 m from discovery hole FR217; assays pending. The 70,000 m drill program is fully funded.
Hole NAK26-83 at the 100%-owned NAK copper-gold porphyry project in British Columbia's Babine district returned 154 m of 1.21% CuEq within 280 m of 0.96% CuEq from surface, and 801 m of 0.49% CuEq from surface, extending the South Zone high-grade core 100 m north. It is the first result of a fully funded 2026 program of more than 50,000 metres and approximately 80 holes, running at least nine months. The company reports approximately $50 million in cash.
Hole NAK26-83 at American Eagle Gold's 100%-owned NAK copper-gold porphyry project in British Columbia's Babine district returned 154 m of 1.21% CuEq within 280 m of 0.96% CuEq from surface, and 801 m of 0.49% CuEq from surface, extending the South Zone high-grade core 100 m north. It is the first result of a fully funded 2026 program of more than 50,000 metres and approximately 80 holes. The company reports approximately $50 million in cash.
Step-out drilling at the 100%-owned Golddigger Property in B.C.'s Golden Triangle expanded the Bonanza Zone by 750 meters to the southwest and the Golden Gate Zone by 600 meters (400 m south, 200 m north), with both zones remaining open and assays pending. Ten of 107 planned holes totalling 4,983 m have been completed in 2026, all intersecting quartz-sulphide mineralization, with visible gold in 6 of 10 holes. The fully funded program plans roughly 50,000 meters using 7 drill rigs.
Additional assay results from underground drilling at the Bunker Hill Mine in Idaho included 8.1 feet at 18.82 oz/ton Ag, 8.87% Pb, 0.25% Zn (20.98 oz/ton AgEq) in BHE26-16, 22.6 feet at 3.27 oz/ton AgEq in BHE26-13, and individual samples to 27.3 oz/ton Ag, 35.7% Pb and 15.7% Zn. The Cate-8 Target Model now stands at 337k tons at 6.17 oz/ton AgEq for 2.08M ounces at a 50 g/t AgEq cut-off, from 21 holes totalling 7,350 feet. An initial resource estimate is targeted by year-end 2026.
Assay results from the final four holes of Phase 1 drilling at the 100%-owned Martiniere gold project in Quebec included 18.30 g/t Au over 1.4 m in MR-26-143, 4.34 g/t Au over 10.0 m and 10.49 g/t Au over 2.5 m in MR-26-144, 10.10 g/t Au over 1.5 m in MR-26-145, and 9.95 g/t Au over 3.0 m in MR-26-146. Phase 1, six holes totalling 4,108 metres, finished May 14, 2026; Phase 2 is postponed due to nearby forest fires.
Drilling at the Northeast Tyro zone of the Gold Chain Project in Arizona returned 51.9m at 2.5 g/t Au, including 21.4m at 4.72 g/t Au, extending the zone to 350m depth. Results cover five drill holes, with hole GC26-169 drilled by reverse circulation.
Staking of an additional 38.3 sq km has expanded the Mari Lake high-grade gold project, about 30 km north of Creighton, Saskatchewan, from 4.8 sq km to 43.1 sq km, all 100% held with no royalties. Exposure along the Kississing River Shear Zone increases from 3.1 km to 7.0 km. Searchlight plans a geological site visit and high-resolution airborne magnetic survey ahead of winter drilling. Historical results include trench samples of 1.28 oz/ton Au over 10 feet.
Fifty-six holes totalling 13,945 metres have been drilled at the 100%-owned Mustajärvi gold project in Lapland, Finland since August 2025, exceeding the planned approximately 10,000 metres; assays for 25 holes are pending and drilling resumes in early August after a scheduled rig break. A second drilling contractor has been engaged to start a follow-up campaign at the 100%-held Sarvi project, 20 kilometres east, testing hole 25SA003 which returned 27.48 g/t Au over 1.75 metres. The Company granted 1,430,000 stock options at $0.55, expiring in five years.
Over 5,100 meters of drilling has been completed in thirteen holes at the Creek zone of the JD Project in BC's Toodoggone District, with an additional 9 holes planned; one of two rigs has moved to the Finn zone, where up to nineteen holes and 5,100 meters are planned. Core from the first five Creek holes, over 1,400 samples, has been sent for assay. A 740-line km MobileMT airborne survey was completed, and an inaugural mineral resource estimate is planned for Q1 2027. Drilling is expected to continue into early October.
Predictive Discovery Limited will invest $14.15 million in Awalé Resources through a non-brokered private placement of 16,642,352 shares at $0.85 per share, a roughly 10% premium to the 5-day VWAP ending July 10, 2026, for an approximate 12.3% undiluted stake. Proceeds will fund exploration on Awalé's 100%-owned properties at the Odienné Project in Côte d'Ivoire, with closing expected late July 2026 and over $30 million in cash post-closing. Existing shareholders Fortuna and Newmont hold participation rights.
Eight diamond drill holes totalling 1,618 metres were completed in two target areas on the 100%-owned Nebula project in the southeastern Athabasca Basin, Saskatchewan, about 30 km southwest of the Key Lake mill. Drilling intersected strongly graphitic pelite with re-activated conductor-parallel and cross-cutting fault zones and hydrothermal chlorite alteration, including hematized and clay-altered structures up to 35 metres in core length in NEB005 and NEB006. NEB007 did not explain the Karpinka Lake radioactive boulder field. Geochemical assays are pending.
A second diamond drill has been mobilized at the Wawa Gold Project in Ontario to speed completion of a 20,000 m diamond drilling program, of which about 5,000 m had been completed as of July 12, 2026, since starting in April 2026. The program includes 15,000 m to 17,000 m of resource conversion drilling and 3,000 m to 5,000 m of grassroots exploration, supporting an updated mineral resource estimate and a prefeasibility study targeted for H1 2027. RPX also signed a six-month investor relations agreement with Target IR at CAD 8,000 per month, effective July 15, 2026, subject to TSX Venture Exchange approval.
Results from the maiden five-hole, 650 m diamond drilling program on the Lithos pegmatite field at the wholly owned Wabamisk East Property (205 claims, 108.5 km²) in Eeyou Istchee James Bay, Quebec, show all five holes intersected lithium pegmatite. Hole WL25-01 returned 1.87% Li2O over 36.30 m from 41.0 m, and WL25-02 returned 2.20% Li2O over 23.05 m from 52.35 m, including 3.40% Li2O over 4.45 m. Rio Tinto funded the drilling and terminated its option on December 31, 2025; the 2026 program will focus on nearby gold targets.
Assay results from seven diamond drill holes at the Spanish Mountain Gold project in British Columbia's Cariboo Gold Corridor include 26-DH-1376, which returned 303.18 m of 0.50 g/t gold from 76.02 m, including 80.15 m of 0.83 g/t gold and 27.2 m of 1.92 g/t gold from 242.8 m. Other holes returned 107.0 m of 0.56 g/t gold (26-DH-1379) and 60.65 m of 0.93 g/t gold (26-DH-1378). About 17,143 m of a planned 60,000 m feasibility program is complete, with 19 holes pending.
An additional 91 holes have been drilled at the Brunswick South deposit at the Costerfield Operation in central Victoria, Australia, located 400m south of the previously mined Brunswick vein and 200m from planned underground access. Intercepts include 50.1g/t gold and 26.2% antimony over 2.17m (ETW 1.08m) in BD468, 109.9g/t gold and 3.1% antimony over 0.65m in BD433, and 25g/t gold over 1.7m in BD513 (Kiwi zone). An updated Mineral Resource Estimate with initial Ore Reserve is due later in the year, with development commencing this quarter.
Drilling at the Goldwedge target of the Manhattan District Project in Nevada returned 2.05 g/t gold over 97.99 m from 64.16 m in hole 26MN-110, including 18.19 g/t over 3.17 m, 11.41 g/t over 4.57 m and 8.98 g/t over 7.32 m. Hole 26MN-101 returned 1.60 g/t gold over 33.53 m from 6.70 m, while along the Zanzibar Trend hole 26MN-099 returned 2.10 g/t over 16.15 m and hole 26MN-104 returned 35.23 g/t over 1.01 m. Results cover eighteen Phase Two step-out holes; 99 of 102 holes have now been reported, with assays pending from three.
Geochemical assays from the winter 2026 drill program at the Corvo Uranium Project near Wollaston Lake, northeastern Saskatchewan, returned anomalous uranium in all nine completed drill holes, with intervals above 100-350 ppm U in six holes and boron up to 13,600 ppm at 172.5 m in CRV-26-002. The program totalled 2,457 metres over ten reconnaissance holes at the Manhattan, Brooklyn and Tribeca targets, funded by Aventis Energy under a three-year earn-in option. Hole CRV-26-009 returned TREO plus yttrium above 0.1%. The TSXV extended the final closing date for the private placement from July 11 to August 11, 2026.
Drill hole TOG-26-76 at the Ogden Gold Project near Timmins, Ontario returned 115.51 g/t gold over 9.85 m (296.95–306.80 m), including 356.85 g/t Au over 3.10 m and 2050 g/t Au over 0.50 m, with visible gold in altered felsite and conglomerate. The hole is the second highest grade intercept to date on the project, after TOG-13-25's 210.19 g/t Au over 12.53 m located 325 m west. It was part of a three-hole, 1,233 m program targeting the TOG fold structure, and is 75 m above TOG-22-73. Ogden is a 50/50 joint venture with Discovery Mining Ltd, with Metals Creek as operator; assays for the final hole are pending.
A 20,000 metre drill program is ongoing at the Wawa Gold Project, intended to support a prefeasibility study scheduled for completion in H1 2027. The July 14, 2026 release text is available only as a downloadable document, with no further details provided.
Drilling began July 12, 2026 at the 100%-owned Excalibur copper-gold porphyry project in British Columbia's Babine porphyry district, targeting three to four collars over an initial ~1,500 metre program, with a further 1,500 metres of success-based drilling available in 2026. The 28 km² property is undrilled and hosts a 2 km² coincident chargeability, magnetic and multi-element soil anomaly. Prospect Ridge says it is funded and permitted for this phase, with drilling also planned at Camelot in Q3.
Grab sampling at the Lawatino Property in southeastern Suriname returned 11 samples grading above 1 g/t gold out of a first batch of 43 assays, topped by a quartz vein with massive pyrite at 101.5 g/t gold in the 101 Zone and 15.73 g/t at the Bodoe Zone, 1.5 kilometres away along a NW-SE trend. An excavator will be mobilized in coming weeks to trench both zones and the trend between them across the 18,468-hectare property.
Predictive Discovery Limited is making a $14.15 million strategic investment in Awalé Resources through a non-brokered private placement of 16,642,352 shares at $0.85 per share, a roughly 10% premium to the 5-day VWAP ending July 10, 2026, giving PDI about 12.3% of Awalé undiluted. Proceeds will mainly fund exploration at Awalé's 100%-owned Odienné Project ground in Côte d'Ivoire, with over $30 million in cash expected post-closing, targeted for late July 2026. Existing shareholders Fortuna and Newmont may exercise participation rights for up to 22,994,105 additional shares at $0.85.
Over 5,100 meters of drilling across thirteen holes has been completed at the Creek zone of the JD Project in BC's Toodoggone District, with a further 9 holes planned and one rig now moved to the Finn zone, where up to nineteen holes and 5,100 meters are planned. A 740-line km MobileMT airborne survey was flown at 250-meter spacing, with final data expected mid-July. Results will feed an inaugural mineral resource estimate planned for Q1 2027; drilling continues into early October.
Drilling at the 100%-owned Roger Project in Chibougamau, Quebec returned 32.6 g/t Au over 1.2 m in hole AUR-26-04A, while hole AUR-26-03 intersected massive sulphides above the Roger porphyry grading 1.55 g/t Au, 41.2 g/t Ag and 0.18% Cu over 4.2 m, confirming a gold-rich VMS system. Seven holes totalling 4,857 m are complete, with three holes and one extension remaining, and $2.0 million budgeted for follow-up drilling later this summer or fall.
An Environmental Impact Statement (DIA) has been submitted to Peru's DGAAM for the 100%-owned Amanecer gold-copper project, covering 18 drill platforms and 7,650 m of diamond drilling at the Previsto Central and Inca Garcilazo prospects. The two work areas within the 5 km x 5 km Previsto footprint total 361.4 hectares with a 2.3-hectare disturbance footprint. Final DIA and other approvals are anticipated during Q1 2027, after which drilling can commence.
A 37.6 line-kilometre 3D induced polarization and resistivity survey covering an 8 km by 5 km area at the Bajo Project in Japan was completed between February and May 2026, identifying multiple chargeability and resistivity anomalies with interpreted strike lengths exceeding 1 km. The survey characterized known veins including the Sakuru-Hi vein, which historically reported grades up to 125.9 g/t Au and 557 g/t Ag. Next steps are target prioritization and planning of a diamond drilling program.
Five diamond holes from the Consols Zone at the Spur Project in New South Wales, part of an 80,000m drilling program, returned SPD048 144m @ 1.49 g/t Au from 482m including 81m @ 2.42 g/t Au from 536m; SPD051 18.9m @ 2.06 g/t Au from 193.1m and 74m @ 0.87 g/t Au from 282m; SPD052 49.16m @ 1.41 g/t Au from 255.84m; and SPD056 26.5m @ 1.89 g/t Au from 237m. The mineralised envelope now spans over 400m east-west, 500m north-south and 600m vertically. Drilling continues at Spur, Consols, Ironclad and Gazzards.
Drill hole DDRCCC-26-128 at the Blackjack deposit returned 348.0 m of 1.12 g/t gold, including 164.0 m of 1.83 g/t, 45.0 m of 3.49 g/t, 2.0 m of 15.35 g/t and 2.0 m of 13.65 g/t, at the RC Gold Project in Yukon. The first seven holes from Rhosgobel included DDRCRG-26-049 with 74.8 m of 0.91 g/t Au (56.1 m of 1.12 g/t and 3.4 m of 4.01 g/t) and DDRCRG-26-044 with 28.1 m of 1.08 g/t Au including 7.3 m of 2.87 g/t. About 24,000 m in 47 holes has been completed of a planned 60,000 m 2026 program, with six rigs operating.
Two drill programs are commencing at Stardust Metal's McGarry Project in Kirkland Lake, Ontario: a near-surface campaign beginning in early August testing three targets along the Cadillac Break and Armistice Fault — the Barber-Larder Trend, the Kerr-Addison Extension Target and the Armistice Fault Corridor — and drilling of a deep magnetotelluric anomaly extending from roughly 250 metres to more than 1,000 metres depth, expected to start in September following an Ambient Noise Tomography survey interpreted in late August. The board also granted 1,757,500 stock options at CAD $1.09 for five years.
An Induced Polarization survey completed in June by SJ Geophysics over porphyry Cu-(Mo±Au) targets on the Mystery Property, part of the Nechako Project in west-central British Columbia, investigated chargeability and resistivity to depths of 300-500 m across three lines. Line 1000 showed a strong high chargeability anomaly cored by high resistivity below and southeast of the B2 Zone; Lines 2000 and 3000 outlined further chargeability and resistivity features. Diamond drilling is planned for September-October 2026, with the company fully funded.
Step-out drilling at the Yuma King Project in west-central Arizona returned 40.25 metres of 0.52% Cu, 0.40 g/t Au, 4.49 g/t Ag and 85 ppm Mo from 30 metres in YK26-002, a 45-metre eastern step-out, and 32 metres of 0.17% Cu, 0.04 g/t Au, 2.47 g/t Ag and 25 ppm Mo from 25 metres in YK26-003, 350 metres west of YK26-001. Known mineralized strike length increased by 350 metres to approximately 900 metres. Results from three of the six Phase I holes (1,087 metres) are pending.
Drill hole 26EC-115 at the Eau Claire gold project in the Eeyou Istchee James Bay region of Quebec returned 7.01 g/t gold over 21.0 m, including 10.27 g/t gold over 11.0 m, part of a second batch of Phase 2 assay results covering 8 holes and 5,064 metres. Other intercepts included 5.68 g/t over 2.97 m in 26EC-110 and 20.60 g/t over 0.85 m in 26EC-111. Fury has mobilized a third drill rig, with 23 holes totalling about 11,650 m completed.
A 6,030-foot PQ-core drilling program at the wholly owned Cebolleta Uranium Project in New Mexico has been completed, comprising 18 vertical holes at four locations targeting the underground portion of the current mineral resource estimate. Drilling achieved 97% footage recovery in mineralized zones and 90% overall mass recovery, and 77 core samples totaling 282.6 feet (85.9 m) and 2,124 pounds (963.3 kg) were delivered to Hazen Research in Golden, Colorado. Metallurgical testing supports a PEA update targeted for 2027.
Hole B26C-039 at the Brewer Gold-Copper Project in South Carolina returned 51.15 metres grading 0.62 g/t gold and 0.22% copper from 214.0 metres, including 12.12 metres at 1.04 g/t gold and 0.60% copper from 217.5 metres, a 50-metre step-out from the nearest hole used in the current resource. The hole, drilled to 917 metres, completes the initial three-hole deep drill program funded under OceanaGold's earn-in, which may reach 80% by spending US$20 million by 2030.
Diamond drilling southwest of the main high-grade core at the Powerline Deposit, AurMac Project, Yukon, returned 1.55 g/t Au over 5.4 m and 2.08 g/t Au over 4.1 m, within 0.55 g/t Au over 151.3 m in hole AX-26-865; AX-26-855B returned 2.44 g/t Au over 5.0 m, including 15.76 g/t Au over 0.6 m, and AX-26-859 returned 1.49 g/t Au over 8.8 m, including 14.40 g/t Au over 0.8 m. Over 33,000 m of the 70,000 m program is complete.
Resource updates and study results
An updated NI 43-101 preliminary economic assessment for the Carangas project in Oruro Department, Bolivia, effective July 16, 2026, shows a post-tax NPV (5%) of $2.65 billion and 35.9% IRR at $45.00/oz silver, $3,400/oz gold, $1.20/lb zinc and $0.90/lb lead, with initial capital of $644.5 million and 2.4-year payback. The 19-year mine life would produce 195 Moz payable silver, 1.1 Moz gold, 1,453 Mlbs zinc and 941 Mlbs lead, or 339.0 Moz AgEq, at LOM AISC of $19.16/oz AgEq. A 30,000 metre drilling campaign is planned for September 2026.
An updated NI 43-101 technical report by SRK Consulting (China) Ltd. for the Curipamba–El Domo polymetallic project in Ecuador, effective December 31, 2025, puts the after-tax NPV at US$573 million at an 8% discount rate, a 121% increase over the October 2021 feasibility study, and US$705.6 million at 5%. Proven and probable reserves rose 10% to 7.13 Mt grading 1.93% Cu, 2.55 g/t Au, 47.82 g/t Ag, 2.63% Zn and 0.26% Pb; measured and indicated resources rose 27% to 11.4 Mt. Salazar holds a 25% carried interest; first commercial concentrates are expected mid-2027 over a 13-year mine life at 666,000 tonnes per year.
SGS Metallurgy and Consulting Geological Services has been engaged to update the mineral resource estimate at the Alamos Silver Project in Sonora, Mexico, with completion expected later in 2026. The January 2026 inaugural estimate was 5.37 million tonnes containing 55.2 million ounces of silver equivalent grading 320 g/t AgEq, or 202 g/t silver, 0.21 g/t gold, 0.43% copper, 0.97% lead and 2.01% zinc. The update will incorporate results from the 50,000-metre, six-rig drill campaign launched in December 2025, including the Europa Sur, Quintera and San Jose zones.
An updated mineral resource estimate for the 100%-owned Clarence Stream gold project in southwest New Brunswick reports Indicated resources of 27.2 million tonnes at 1.62 g/t Au containing 1.42 million ounces of gold and Inferred resources of 28.5 million tonnes at 1.40 g/t Au containing 1.29 million ounces, plus about 19,500 tonnes of contained antimony Indicated and 3,100 tonnes Inferred. The estimate, effective May 29, 2026, uses US$3,250/oz gold and incorporates about 340 drill holes totalling roughly 70,000 metres since 2022. Four rigs are drilling a 40,000-metre 2026 program, with a PEA under evaluation.
A NI 43-101 technical report titled "Diamba Sud Gold Project, Kédougou Region, Senegal," with an effective date of June 30, 2026, has been filed by Fortuna Mining Corp. The report supports the Feasibility Study results announced in the company's June 29, 2026 news release. It is available on the company's website, SEDAR+ and EDGAR.
Technical reports filed this week
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Corporate
A non-binding letter of intent dated July 15, 2026 has been signed with Purecore Metals Inc. (CSE: PURE) to option up to a 100% interest in the Yurchison uranium property in the Wollaston Domain of Northern Saskatchewan, comprising 22 claims over approximately 35,029 hectares. The property lies roughly 75 km south of Cameco's Rabbit Lake operation, with historical prospecting near old trenches returning 0.09% to 0.30% U3O8 and 2,500 ppm to 6,400 ppm molybdenum. The transaction remains subject to due diligence, a definitive agreement, board and regulatory approvals.
A definitive Option Agreement with Minera Joncijirca S.A.C. gives Radius Gold, through subsidiary Minera Aymara S.A.C., an exclusive option to acquire 100% of the seven concessions comprising the 3,830-hectare Jonco Silver Project in central Peru, formalizing the February 27, 2026 letter of intent. Terms over five years from receipt of drill permits include US$4.15 million in staged cash payments, US$7.0 million in exploration expenditures and 250,000 Radius shares, with a retained 2% NSR reducible by 0.5% for US$1.0 million. The TSX Venture Exchange accepted the agreement; the initial 50,000 shares, restricted until November 10, 2026, and a US$50,000 payment have been made.
An option agreement dated July 13, 2026 with Apogee Minerals Ltd. allows Apogee to earn a 100% interest in Trident's Knife Lake copper project in Saskatchewan. Trident will receive C$400,000 in cash payments, 7,400,000 Apogee shares on closing plus additional shares with a deemed value of C$700,000, and Apogee must fund C$1,000,000 in exploration over two years. The property is subject to existing 2.5% and 1.5% NSR royalties. No finder's fees were paid.
An option agreement dated July 7, 2026 grants Pacific Bay Minerals Corp. the exclusive right to acquire up to 100% of Eagle Plains' wholly-owned 578 ha Haskins critical metals project, located 105 km NE of Dease Lake, British Columbia and contiguous with PBM's Haskins-Reed property. Over four years PBM must issue Eagle Plains 200,000, 300,000, 750,000, 1,000,000 and 2,000,000 PBM shares and complete $150,000, $250,000 and $500,000 in exploration work. The claims carry a 2% NSR to a third party.
The Superior Court of Québec has approved Li-FT Power's binding call option agreement dated June 23, 2026 with Stornoway Diamonds (Canada) Inc., 11272420 Canada Inc. and monitor Deloitte Restructuring Inc., giving LIFT an exclusive option to acquire the Renard diamond mine, processing facility and infrastructure in Eeyou Istchee James Bay, Québec, or the shares of Stornoway or 1127 Canada. LIFT paid a C$12 million option fee, exercisable for C$1.00 until June 23, 2028, and is responsible for care and maintenance costs estimated at C$18 million annually. The fee is returnable if ministerial authorization to postpone rehabilitation work is not received by October 3, 2026.
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Themes
Exploration-tagged releases led all theme tokens at 19 occurrences this week, consistent with drill-result activity driving the most newsflow in the period.