Junior Mining Intelligence · Friday snapshot
GoldVenture Weekly
Week ending October 16, 2026 · 388 companies tracked, 375 priced
Silver's 6.01% week-over-week decline was the dominant metal move for the period ending 2026-10-16, pulling the silver equity cohort to a median return of -7.52% and the worst commodity-cohort performance of the week, while lithium equities posted the steepest median loss at -11.43% against a metal price drop of 14.77%. Junior mining breadth deteriorated sharply: only 13.1% of 375 companies advanced, with a median return of -5.64%, compared with 28.0% advancing and a median of -1.88% the prior week; uranium was the sole cohort with more than a third of its constituents in positive territory (37.5%), making it the strongest cohort, while lithium was the weakest. The most notable catalyst class of the week was acquisition activity, led by the announced sale of Roxmore Resources (RM) to SSR Mining.
What changed: breadth 13.1% up vs 28% last week; median -5.6% vs -1.9%; 1 deals for $1.9M vs 2 for $9.6M; 48 material releases vs 59.
Top developments
RM gained 29.89% for the week, a move that came in a week in which the company published 'ROXMORE RESOURCES ANNOUNCES SALE TO SSR MINING AND SPINOUT OF EXPLORATION ASSETS' on 2026-10-13, with a day return of +31.2% on 2026-10-13 and a next-day return of -1.15%. Release ↗
UEC declined 13.93% for the week, a move that came in a week in which the company published 'Uranium Energy Corp Forms National Security Advisory Council to Bolster Expansion into Uranium Conversion' on 2026-10-13, with a day return of -6.68% on 2026-10-13 and a next-day return of -6.55%; no catalyst release was identified for UEC in the window.
DLP fell 25.71% for the week, a move that came in a week in which the company published 'DLP Resources Files NI 43-101 Technical Report for the Aurora PEA' on 2026-10-15, with a day return of -3.33% on 2026-10-15 and a next-day return of -10.34%. Release ↗
RAK declined 21.88% for the week, a move that came in a week in which the company published 'High-Grade Tungsten Mineralization Confirmed at Rackla Metals' Lentung' on 2026-10-13, with a day return of -7.81% on 2026-10-13 and a next-day return of -18.64%. Release ↗
ARU gained 27.03% for the week, a move that came in a week in which the company published 'Aurania Completes Drilling at Thormodsdalur Gold Project in Iceland' on 2026-10-13, with a day return of 0.0% on 2026-10-13 and a next-day return of +12.16%; no catalyst release was identified for ARU in the window.
Sector cohorts new
| Cohort | n | Median move | Median | % up | Metal wk | Best · worst |
|---|---|---|---|---|---|---|
| Gold last wk -1.6% | 228 | -5.5% | 14% | -0.64% | BWR +100.0% · GLB -39.5% | |
| Copper last wk 0.0% | 45 | -6.3% | 11.1% | -2.24% | CCMM +11.5% · BAY -25.0% | |
| Silver last wk -3.2% | 24 | -7.5% | 8.3% | -6.01% | TSLV +8.3% · VIPR -18.2% | |
| Lithium last wk -5.9% | 13 | -11.4% | 23.1% | -14.77% | NVLH +11.1% · APX -31.3% | |
| Nickel last wk -4.0% | 8 | -2.8% | 12.5% | -2.87% | TN +13.3% · NICN -14.8% | |
| Uranium last wk -1.7% | 8 | -3.8% | 37.5% | +0.33% | WUC +6.7% · HLU -15.8% |
By exchange: CSE 14.3% up, median -6.7% (n=49) · TSX 5.7% up, median -5.6% (n=53) · TSXV 14.7% up, median -5.6% (n=266)
Metals
JMI indexes
Price indexes in Canadian dollars from the platform's own closes; how they are built.
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 |
|---|---|---|---|---|---|---|---|---|
| Dryden Gold DRY Gold | Warrant Exercise | $1.9M | $0.18 mkt $0.21 | -16.3% | 4.3% | none | Oct 14 | closed |
1 flagged release still awaiting review, so totals are a floor.
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.
| Discovery Silver Corp.DSV | 1 buy · 1 insider | +C$599K |
| Andina Copper CorpANDC | 1 buy · 1 insider | +C$50K |
| Pacifica Silver Corp.PSIL | 1 buy · 1 insider | +C$40K |
5 more net buyers this week on the insider board.
Cluster buying: Benton Resources (2 insiders, C$14K).
Net sellers
Open-market sales; option exercises followed by a sale count only for the sale.
| Amerigo Resources Ltd.ARG | 6 sells · 1 insider | −C$302K |
| Salazar Resources Ltd.SRL | 1 sell · 1 insider | −C$1,200 |
Insiders in placements: Galway Metals Inc. C$12.3M (88% of the round); Scottie Resources Corp. C$4.05M (19% of the round); Scottie Resources Corp. C$4.05M (41% of the round) and 2 more.
Source: SEDI filings as published by TMX Money. Full board at /insiders.
Financial filings new
Filed this week
Statements and MD&A first seen in the window. Cash and working capital are read from the balance sheet of processed statements; a material-uncertainty flag means the auditor or the notes cast doubt on going concern.
No current-period filings this week.
Filings due
NI 51-102 deadlines within 30 days: 120 days after year-end for annual statements, 60 after quarter-end for interims.
Showing the 25 nearest of 60 deadlines.
35 companies are past a filing deadline with nothing found on their site yet.
Drill and discovery board new
Drill results
Drill hole AN-26-17 at the Anatacau Main Project in Quebec's Eeyou Istchee James Bay region intersected 302 metres of spodumene-bearing pegmatite with an estimated average 30% spodumene, extending the Anais dyke to a vertical depth of 500 metres; assays are pending. The intercept lies roughly 100 metres below hole AN-26-15, which returned 1.31% Li₂O over 202 metres, and contains under 5% internal dilution. The hole ended in mineralized pegmatite due to the drill rig's depth capacity.
The first phase of the 2026 summer exploration program on the wholly owned Caniapisc Au project in the Eeyou Istchee James Bay and Caniapiscau regions of Quebec identified new gold-bearing boulders, with a maximum of 15.8 g/t Au from a selected boulder grab sample in a new area about 2.5 kilometres northeast of the 2025 boulders. Nine selected boulder grab samples exceeded 0.5 g/t Au, including five above 1.0 g/t Au; 152 rock and 532 soil samples were collected, with soil results pending.
An alunite sample from the Celts project in Nevada returned an age of 11.73 ± 0.12 million years, matching the age of gold mineralization at AngloGold Ashanti's Silicon deposit, part of the Arthur Project about 100 km away on the same structural trend. New rock sampling returned gold values up to 1.5 g/t outside the historic dumps, and claims were more than doubled to 1,020 hectares. Five holes totaling approximately 2,500 metres are planned, with the first two permitted and the remaining three subject to permitting and financing.
Phase one of the 2026 exploration program at the 100%-owned Caniapisc Au project in the Eeyou Istchee James Bay and Caniapiscau regions of Quebec identified several new gold-bearing boulder fields, with a top grab sample grade of 15.8 g/t Au from a new area about 2.5 km northeast of boulders found in 2025. Nine grab samples returned over 0.5 g/t Au, five above 1.0 g/t Au; 152 rock and 532 soil samples were collected. Results from two further prospecting phases in August and September are pending.
Diamond drill hole PHD084 at the Peak Hill Gold Project in New South Wales was completed to 1,651m, returning 0.42 g/t Au over 6.4m from 1,000.6m, including 1.02 g/t Au over 2m, and 0.11 g/t Au and 0.02% Cu over 153m, including 0.46 g/t Au and 0.06% Cu over 4.8m. The hole intersected advanced argillic alteration about 1km below the Proprietary open cut but did not resolve the targeted porphyry. Drilling of 6,600m is planned to start in November, supported by a $165,000 NSW Critical Minerals exploration grant.
Drill hole 26MJ035 at the new Lammas Zone on the 100%-owned Mustajärvi Gold Project in Lapland, Finland returned 16.6 m averaging 5.83 g/t gold from 72.45 m depth, including 1.05 m at 51.5 g/t gold, while 26MJ033 returned 5.0 m averaging 1.03 g/t gold from 141.5 m. The two step-out holes extend the defined strike of the zone to approximately 260 metres, with mineralization open in all directions. Four to eight further holes are planned, and total project drilling now stands at 30,314 metres.
A porphyry-style copper-gold-molybdenum system has been confirmed at the Viper Prospect on the 100%-owned AZ Project, 36 km south of Beaver Creek, Yukon, with mineralization intersected in all three 2026 holes totalling 1,948 metres. Results include 1.85% copper and 1.97 g/t gold over 0.6 metres in AZ26-008 and 685 ppm molybdenum over 0.80 metres in AZ26-007, with copper values increasing with depth. The prospective corridor extends east-southeast beyond current drilling; assays for AZ26-007 from 396.5 to 462.3 m are pending.
Four holes at the Perfectstorm Zone on the 80%-owned Treaty Creek Project in British Columbia extended the PSP copper-gold-silver-molybdenum porphyry system 480 metres down-dip, with PS-26-30 returning 0.85 g/t gold and 2.94 g/t silver over 96.30 metres, PS-26-32 returning 0.98 g/t gold over 31.80 metres and 15.05 g/t gold over 1.50 metres, and PS-26-29 cutting 1.16 g/t gold and 13.92 g/t silver over 25.50 metres in the PSE Zone. The system now measures roughly 850 by 750 metres. Fuse Advisors Inc. has been retained to prepare a Preliminary Economic Assessment on underground mining at Goldstorm, with results expected in coming weeks.
Drilling at the Blueberry Contact Zone of the Scottie Gold Mine Project, 35 km north of Stewart, BC, returned 27.9 g/t gold over 4.15 m, including 65.0 g/t over 1.65 m, in hole SR26-509 at the Lemoffe 1 vein, and 51.6 g/t gold over 2.25 m, including 84.1 g/t over 1.25 m, in SR26-504 at Fifi. Other results included 21.9 g/t over 4.26 m (SR26-545) and 5.2 g/t over 6.00 m (SR26-494). Over 55,000 m in 200 holes have been completed under a fully funded $26 million 2026 program, with 3,000–5,000 m remaining and five drills turning. Results will feed an updated resource estimate planned for the first half of 2027 alongside a Feasibility Study.
Drill hole DDRCCC-26-156 at the Saddle Zone of the RC Gold Project in Yukon returned 236.0 m of 1.15 g/t gold, including 71.0 m of 2.79 g/t gold, 36.3 m of 3.31 g/t gold and 21.9 m of 3.25 g/t gold, plus 34.0 m of 1.11 g/t gold from 543.0 m. At Eiger, step-out hole 150 returned 45.5 m of 1.16 g/t gold, including 4.5 m of 9.26 g/t gold, and 16.4 m of 1.95 g/t gold, while hole 155 returned 18.1 m of 2.36 g/t gold. About 58,000 m in 143 holes has been completed of the planned 60,000 m 2026 program, with 84 hole results pending.
Rock grab sampling at the newly identified Golden Valley Target on the Thorn Project in northwest British Columbia returned 195 g/t gold, 147 g/t silver and 4.11% copper, with all four samples from a 90-metre strike of massive pyrite-silica outcrop up to 2 metres wide grading between 17.9 and 195 g/t gold. Samples about 400 metres south returned 32.3 g/t gold and 23.0 g/t gold with 0.54% copper. Follow-up work is planned for early next season ahead of drilling.
Final processed magnetic and radiometric data have been received from the 2026 airborne survey at the Maitengwe Gold Project in Botswana, covering 11,654 line kilometers at 50-meter line spacing across the 58,075-hectare project, and are being integrated with historical datasets to rank drill targets beneath Kalahari cover. At Vumba, holes VUDD017 and VUDD018 were completed at Vumba Central and VUDD019 reached 315 meters at the North Main deep target; drilling continues with VUDD020, followed by planned VUDD021. VUDD017 samples are at ALS Johannesburg, with initial results expected in about 14 days. No assays are reported.
Phase 3 drilling at the Providencia target on the 100%-owned Cármenes Project in northern Spain returned 7.29 g/t Au over 9.0 metres from 1.0 metre downhole in PVD18, including 28.10 g/t Au over 2.0 metres, with that interval also carrying 0.72 g/t Pt, 0.24 g/t Pd, 0.20% Cu, 0.17% Ni and 0.06% Co. PVD17 returned 1.53 g/t Au over 38.0 metres from 17.0 metres, including 2.25 g/t Au over 25.0 metres. Assays are pending for three holes, and a maiden drill program at Profunda, 1 km south, begins shortly.
Mapping and prospecting at the wholly-owned Harry Project, 75 km southeast of Whitehorse, Yukon, outlined eight stacked, foliation-parallel skarn horizons across roughly 325 m of stratigraphy, alongside a 1,200 m by 700 m molybdenum-in-soil anomaly interpreted as a porphyry-type target over a buried intrusion. Continuous chip samples returned 103 ppm W, 47 ppm Sn and 22 ppm Mo over 14.40 m, 0.12% Cu and 0.47% Zn over 8.70 m, and 0.16% Cu with 219 ppm W over 2.00 m. The 2026 work was supported by the Yukon Mineral Exploration Program.
Results from eight Phase Two drill holes at the Manhattan District Project in Nevada include hole 26MN-124 at Goldwedge, which returned 2.94 g/t gold over 36.42 m from 169.62 m, including 19.33 g/t over 4.27 m from 188.36 m. Other holes returned 24.85 g/t gold over 1.22 m from 150.88 m at West Pit, 1.37 g/t over 17.07 m from 275.54 m at Black Mammoth, and 1.18 g/t over 17.10 m from 47.21 m along the Zanzibar Trend. Assays are pending from seven holes totalling 2,465 m.
An independent re-processing and statistical levelling of 24,371 soil samples and drill core multielement data at the Lavras do Sul Project in Rio Grande do Sul, Brazil has defined a continuous gold-in-soil corridor of approximately 10 km along trend (about 7 km straight line) linking Fazenda-Butia, Caneleira and Cerrito North along a mapped intrusive contact. Cerrito North was identified as a new exploration target, with no assays received and no mineral resource estimated. An approximately 25,000 m diamond drilling programme is in progress at Caneleira.
A 16-hole, 2,395-metre spring diamond drill program at the Pipy South Property in Manitoba's Thompson Nickel Belt extended the Horseshoe Gold Zone by over 400 metres of strike, with the zone open in all directions. Results include 75.0 metres of 0.65 g/t Au and 11.55 g/t Ag in PG26-06 (28.30 m of 1.05 g/t Au), 30 metres of 0.90 g/t Au in PG26-07 including 2.0 m at 8.01 g/t Au, and 29.0 m of 0.77 g/t Au in PG26-05. A ground magnetometer survey traced the host Archean unit over 10 km to the south; property-wide geochemical results and a scheduled airborne VTEM survey are pending, with 15 priority targets identified.
A helicopter-borne ZTEM survey flown in May 2026 by Geotech Ltd at the Candelaria Project, Nevada, identified seven additional silver targets (CM_01–CM_07) and six potential copper-silver-gold porphyry targets (CP_01–CP_06), all recommended for further exploration. Follow-up reconnaissance of 92 selected and channel rock samples returned up to 48,895 ppm copper, 4,383 ppm lead, 5,190 ppm zinc and 272 ppm silver. Silver One staked 382 new claims covering 3,128 ha (7,730 acres) southwest of the property, and appointed director Ken Engquist VP Project Development effective September 2026.
Infill hole TM25-186X extended TM25-186 by 252.0 metres at the Bench Target on the Tower Mountain Property, 40 km west of Thunder Bay, Ontario, for a combined intersection of 411.0 metres averaging 0.514 g/t Au, with mineralization continuous to the end of hole at 501.0 metres, including 19.5 metres averaging 0.523 g/t Au. Expert Geophysics Surveys Inc. has been contracted for a 285 line-kilometre airborne Mobile MagnetoTellurics survey, planned for completion by October 31, 2026, with initial results by November 15.
The first four diamond drill holes at the Lentung tungsten project in southwestern NWT returned 20.35 m of 1.72% WO3 and 0.14% Cu (DDH26L-001), 17.95 m of 2.28% WO3 (DDH26L-002), 17.90 m of 1.67% WO3 (DDH26L-003) and 20.50 m of 0.90% WO3 (DDH26L-004), as downhole intervals. The Central Zone has been tested over 600 metres of strike, with mineralization outcropping at surface. Remaining 2026 assays and re-assays of historical Union Carbide core are expected in two to three months and are intended to support a mineral resource estimate. RC drilling was discontinued due to groundwater inflows. Rackla holds 100% of Lentung, subject to a 1% NSR.
Initial results from the first 13 holes of a 10,000-metre drilling campaign at the Crevier niobium-tantalum project in Québec, in which NioBay holds an 80.2% interest, returned tantalum intersections above the deposit's average grade, with more than 15 m of mineralization exceeding average tantalum content in holes 1532-26-18, -22, -23c, -24, -25, -29, -30, -32 and -34. The first 5,000 metres targeted the northern zone. Drilling began mid-June and concludes at the end of October, with results to be used in an updated resource estimate.
First results from the summer–autumn 2026 drill campaign at the 80.2%-owned Crevier niobium-tantalum project in Quebec returned tantalum intersections above the deposit's average grade in the first 13 holes received, with more than 15 m of above-average tantalum mineralization in holes 1532-26-18, -22, -23c, -24, -25, -29, -30, -32 and -34. The 10,000 m program began in mid-June and will finish at the end of October; results will feed a resource estimate update.
Full assay results from a 16-hole, 2,395-metre diamond drill program at the Pipy South Property in Manitoba's Thompson Nickel Belt extended the Horseshoe Gold Zone strike length by over 400 metres, with the zone remaining open in all directions. Intercepts include 75.0 metres of 0.65 g/t Au and 11.55 g/t Ag in PG26-06 (including 28.30 metres of 1.05 g/t Au), 29.0 metres of 0.77 g/t Au in PG26-05, and 30 metres of 0.90 g/t Au in PG26-07. A property-wide geochemical program is complete with results pending, an airborne VTEM survey is scheduled, and 15 priority targets have been identified.
Resource updates and study results
A preliminary economic assessment for the wholly-owned Zuun Mod Molybdenum-Copper Project in southwest Mongolia outlines an after-tax NPV8% of US$745 million and a 16.1% IRR at US$25.00/lb molybdenum and US$5.00/lb copper, rising to US$2.0 billion and 27.8% at spot prices of US$33.00/lb and US$6.50/lb. The 34-year, 25 Mtpa open-pit plan would recover 672 million lb molybdenum and 947 million lb copper, with upfront capital of US$687 million and AISC of US$13.89/lb Mo. Drilling begins in late October.
An updated PEA on the Santa Fe gold-silver project in Nevada's Walker Lane shows a post-tax NPV5 of US$820.0 million and 40.1% IRR at US$3,600/oz gold and US$49/oz silver, with an 11-year mine life plus one year of residual leaching. Pre-production capital is estimated at US$172.0 million with a 3.7-year payback, average annual production of about 91,900 gold-equivalent ounces, cash costs of US$1,909/oz and AISC of US$2,250/oz. A technical report will be published within 45 days.
A NI 43-101 technical report for the Gowganda Silver Tailings Project at the Castle Silver Property in Gowganda, Ontario has been filed on SEDAR, dated October 13, 2026 and effective August 1, 2026. It was prepared by Duncan Studd, M.Sc., P.Geo., of GeoVectorManagement Inc., an independent Qualified Person, and contains an updated 2026 Mineral Resource Estimate for the 100%-owned deposit, initially disclosed September 15, 2026. The property produced approximately 42 million ounces of silver between 1910 and 1972.
Technical reports filed this week
Week ahead new
Financings closing
Open rounds with a closing date on or after the week ending.
16 open rounds are past their closing date or have none; they are hidden here and need a status update.
Technical reports due
NI 43-101 s.4.2 gives issuers 45 days from announcing results to file. From the report-hunt pipeline.
Warrant radar new
4 tranches expiring within 90 days of Oct 16, out of 240 outstanding on record. Strike against the current price; proceeds assume full exercise.
| Company | Expires | Strike | Price | In / out of money | Max proceeds | From |
|---|---|---|---|---|---|---|
| Canstar ResourcesROX | Oct 30 | $0.10 | $0.045 | -55.0% | $1.9M | Private Placement of Oct 30 · Warrant radar ↗ |
| Solstice Gold CorporationSGC | Oct 31 | $0.10 | $0.120 | +20.0% | $611K | Private Placement of Oct 31 · Warrant radar ↗ |
| Orestone Mining Corp.ORS | Dec 16 | $0.16 | $0.075 | -53.1% | $4.5M | Private Placement of Dec 17 · Warrant radar ↗ |
| Puma Exploration Inc.PUMA | Dec 24 | $0.03 | $0.115 | +360.0% | $313K | Private Placement of Dec 24 · Warrant radar ↗ |
Corporate
Strategic Metals received 6,265,000 common shares of Trifecta Gold Ltd. on October 13, 2026 as the final payment under a Property Option Agreement under which Trifecta completed its acquisition of a 100% interest in Mt. Hinton, Rye and nine other gold and silver projects in the Yukon's Tombstone Gold Belt. Strategic retains a 2% NSR royalty on each project, which Trifecta can buy down to 1% for 1,500 ounces of gold or the cash equivalent. Strategic's holding rose from 2,031,579 shares (3.60%) to 8,296,579 shares (13.23%).
A definitive arrangement agreement has been signed with SSR Mining under which an SSR subsidiary will acquire all Roxmore shares for $6.75 cash plus 0.33 of a share of a new exploration company, Roxmore Spinco, valued at about $0.50 per share, for total consideration of approximately $712 million, a 58% premium to the 20-day VWAP. SSR gains the Converse Gold Project in Nevada; Spinco will hold the Rattlesnake Hills, Newton and Shabu River assets with US$10 million cash, 14.99% held by SSR. Shareholder and court approvals are required, with a meeting expected in December 2026 and closing targeted for December 2026; a $182 million break fee applies.
A definitive option agreement with a subsidiary of Centerra Gold covers the Corvet and Kaanaayaa properties (556.3 km², 1,082 claims) in the Eeyou Istchee James Bay region, Quebec. Centerra can earn 51% over four years by funding $6,000,000 in exploration and paying $250,000, with $1,250,000 firm, then a further 19% (70% total) over six years by delivering a PEA with a minimum 1 Moz AuEq resource, spending $10,000,000 and paying up to $600,000. Centerra holds about 12.67% of Azimut, making this a related-party transaction.
Most researched new
Themes
Copper and Quebec-focused project activity each appeared in six and four releases respectively across the week, continuing trends that have been present in prior periods without marking a new directional shift.