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Airborne Geophysical Survey Completed at Silver North’s Haldane Silver Project, YT and Silver North Retains Full Ownership of the Tim Property, YT
Silver North Resources completed a comprehensive airborne geophysical survey at its flagship Haldane Silver Project in Yukon's Keno Hill Silver District. The company also regained full ownership of its Tim Property after Coeur Mining terminated their option agreement, with previous drilling by Coeur confirming promising carbonate replacement deposit-style mineralization including high-grade silver intercepts.
American Pacific Mining Nears Completion of Underground LiDAR Survey to Advance Madison Project Development
American Pacific Mining Corp. has initiated a detailed underground LiDAR survey program at its Madison Copper-Gold Project in Montana. The company has engaged Water & Environmental Technologies, Inc. to conduct the survey work, marking progress in advancing the project's development.
Gold X2 Intersects Several Shallow, High-Grade Intercepts in the Superion Zone Including 6.10m of 10.4 g/t Au
Gold X2 Mining announced high-grade gold intercepts from its Superion Zone drilling at the Moss Gold Project in Northwest Ontario. The standout result was 6.10m grading 10.4 g/t gold from shallow drilling targeting new mineralized shears. These are the first assay results from this drilling campaign focusing on expanding known mineralization.
Kingfisher Metals Confirms Early Jurassic Porphyry Mineralization Across Hank-Mary District, a Fertile Window Between Mitchell Cu-Au and Brucejack Au-Ag Deposits
Kingfisher Metals announced new geochronology results confirming that its Hank-Mary district formed during the same highly fertile Early Jurassic period (190-186 Ma) as the Mitchell Cu-Au porphyry deposit and Brucejack Au-Ag deposit. The dating results suggest a single, large mineralizing system across the district that matches the timing of Canada's largest undeveloped Cu-Au porphyry deposit and a major epithermal gold system.
CONQUEST RESOURCES ANNOUNCES ADOPTION OF SEMI-ANNUAL REPORTING
Conquest Resources announced it will adopt semi-annual financial reporting instead of quarterly reporting, starting with the period ending June 30, 2026. The company believes this change will reduce administrative burden and allow management to focus more resources on advancing exploration activities across its gold and base metals projects in Ontario and Finland.
Sego Commences a 2000 Meter Drill Program in the Southern Gold Area and the Quintana Zone
SEGO Resources has commenced a 2,000 meter drill program targeting the Southern Gold Area and Quintana Zone. This exploration initiative represents the company's active advancement of gold exploration activities across these two prospective zones.
HONEY BADGER SILVER CLOSES TRANSFORMATIVE ACQUISITION OF THE IMPORTANT PC SILVER PROJECT IN THE NORTHWEST TERRITORIES
Honey Badger Silver has completed its transformative acquisition of the Prairie Creek Project, described as one of the world's highest-grade, fully permitted silver assets. The deal was funded through a $11.5 million financing and positions the company as a leading North American silver producer with a clear path to production in the Northwest Territories.
Canada Finally Has a Sovereign Wealth Fund. Mining and Energy Are at the Top of the List.
Ottawa unveiled the Canada Strong Fund Monday, the country's first national sovereign wealth fund, seeded with $25 billion and tasked with co-investing alongside the private sector in nation-building projects.
Canada Strong Fund: Carney's First Sovereign Wealth Fund and the Pipeline It Will Build
PM Carney's $25 billion Canada Strong Fund is Canada's first national sovereign wealth fund, designed to take equity in nation-building projects across energy, critical minerals, infrastructure, and advanced manufacturing.
Delta Further Expands Delta-1 Land Package to 341.2 km² in Thunder Bay, Ontario
Delta Resources has expanded its Delta-1 Gold Project land package to 341.6 km² by registering 198 new mining claims in the Shebandowan Greenstone Belt near Thunder Bay, Ontario. The expansion adds 44.2 km² and captures additional portions of the Kekekuab pluton and volcanic rocks with gold mineralization potential. The company plans intensive regional exploration including prospecting, trenching, and drilling later this year.
Trailbreaker Resources Appoints Charlie Greig As Technical Advisor
Trailbreaker Resources appointed Charlie Greig, an experienced geologist with a track record in copper-gold porphyry discoveries, as Technical Advisor. Greig previously led the team that discovered the Saddle North deposit at GT Gold, which was acquired by Newmont for C$456 million in 2021.
SILVER MOUNTAIN REPORTS HIGH-GRADE SILVER RESULTS FROM SURFACE CHANNEL SAMPLING PROGRAM NEAR THE RELIQUIAS MINE, PERU
Silver Mountain Resources reported high-grade silver results from surface channel sampling near its Reliquias Mine in Peru, with weighted average grades of 2,003 g/t silver over 0.45m true width along a 550-metre segment of the Seguridad SE vein. The results indicate potential for expanding the resource base as the company advances toward a planned production restart.
Rock Tech Lithium Announces Plans to Dual-List on NASDAQ and Filing of Short Form Base Shelf Prospectus
Rock Tech Lithium has filed a preliminary short form base shelf prospectus and AIF with Canadian regulators as part of its strategic plan to dual-list on NASDAQ through the MJDS process. The filing provides the company with 25 months of capital markets flexibility and positions it for potential institutional re-rating as it advances its integrated lithium supply chain projects including Guben, Red Rock, and Georgia Lake.
Melkior Resources Commences over 3,000 Meter Drill Program on the Bonanza Gold Zones of 1010 and Zamzam-Jowsey Prospect at the Carscallen Gold Property in Timmins, Ontario
Melkior Resources has commenced a 10-hole, 3,000+ meter drill program at its Carscallen Gold Property near Timmins, Ontario, focusing on expanding high-grade gold zones at 1010 and Zamzam-Jowsey prospects. The program aims to build on previous bonanza-grade results including 77.4 gpt gold over 6.90 meters from hole MKR-24-002. First assay results are expected by end of June 2026.
Silver47 Announces Mogollon Project Anniversary Payment
Silver47 Exploration Corp. announced it will issue 56,902 common shares valued at $0.6855 each as the fifth annual payment under lease agreements for the Mogollon silver project in New Mexico. The payment is part of a ten-year lease structure for mining claims that form part of the project.
CONQUEST RESOURCES ANNOUNCES GRANT OF STOCK OPTIONS
Conquest Resources granted 4.1 million stock options at $0.065 per share to directors, officers, and employees, exercisable until April 2031. The options vest quarterly over two years and remain subject to TSXV approval. Conquest is exploring for base metals and gold across multiple properties in Ontario and Finland.
The Canadian Chrome Company Issuing Replacement Debentures in Payment of Series 2023 Debentures
The Canadian Chrome Company exercised its option to issue replacement debentures worth $2.2 million to holders of Series 2023 Debentures that matured on April 24, 2026. The replacement debentures bear 5% annual interest and mature in April 2028, convertible into units comprising shares and warrants with $3.00 exercise price.
The M&E DISPATCH // 169
This weekly mining and energy dispatch covers multiple market developments including gold trading near $4,689, oil surging 17% due to Strait of Hormuz closure, and BC posting a record $751M exploration year with copper overtaking gold for the first time. The report also highlights various company updates and geopolitical tensions affecting energy markets.
Trailbreaker Adopts Semi-Annual Reporting
Trailbreaker Resources Ltd. (TBK.V) announced it is adopting semi-annual financial reporting instead of quarterly reporting under new regulatory provisions. The company will use the administrative savings to focus more resources on exploration activities rather than financial reporting.
Touquoy Restart Final Investment Decision Approval
St Barbara Limited has approved the final investment decision to restart operations at its Touquoy gold mine in Nova Scotia. This marks a significant milestone for the company's Atlantic Canada operations and signals renewed confidence in the project's economics.
Gold Port Renews Groete Project Mining Permit; Advances Camp Reconstruction
Gold Port Corporation renewed its mining permits for the Groete Gold Copper Project in Guyana and is advancing camp reconstruction and site preparation. The company is preparing to build road access and deploy a new diamond core drilling rig to advance the project, which contains an inferred resource of 1.57 million gold-copper equivalent ounces.
Fox Tungsten Closes Bought Deal Private Placement for Gross Proceeds of C$12.7M
Fox Tungsten Ltd. has successfully completed a bought deal private placement raising C$12.7 million in gross proceeds. The financing will support the company's tungsten development activities.
Klondike Gold Engages Fundamental Research Corp. for Analyst Coverage
Klondike Gold Corp. has engaged Fundamental Research Corp. for analyst coverage, paying CAD$35,000 for research reports over an 18-month period. The company is advancing its 100%-owned Klondike District Gold Project in Yukon, which has an identified mineral resource of 469,000 indicated and 112,000 inferred gold ounces.
KLDC Hits 121 m of Continuous Gold Mineralization at 1.01 g/t in 75 m Step-Out at Mirado; Eight Additional Holes Pending
KLDC reported 121 meters of continuous gold mineralization grading 1.01 g/t from a 75-meter step-out hole at the South Zone of their Mirado project. The company has eight additional holes pending results and reports the findings reinforce their geological model.
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