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Market Commentary LaFleur Minerals | CSE: LFLR • Gold production restart in Q2 2026. • Fully permitted Beacon Mill feeding Swanson in Quebec's Abitibi Belt. • PEA: 65% IRR, 1.8-year payback at $2,750/oz gold. Check it out → |
Today's Interesting Company News Sranan Gold's Lawatino Reconnaissance Sampling Program Returns Grab Sample Assays of up to 101.5 G/t Gold(CSE: SRAN) (OTCQB: SRANF) Sranan Gold Corp. reported high-grade gold assays from the first batch of samples from its Lawatino Property, located in Suriname. The initial results from the Phase I reconnaissance program included numerous assays greater than 1 gram per tonne ("g/t") gold, with one sample grading 101.5 g/t gold from a mineralized quartz vein. Eleven samples grading greater than 1 g/t Au were part of the first batch of 43 assays received, and additional samples graded between 0.17 and 0.24 g/t Au. The 101 and Bodoe Zones, where the +1 g/t gold grab samples were collected, are separated by approximately 1.5 kilometres along a northwest-southeast direction. The Lawatino Property covers 18,468 hectares, and Sranan is also drilling its 29,000-hectare Tapanahony Project. The company projects that over the next few weeks, an excavator will be mobilized onto the Property to expose the extent of the gold mineralization at the 101 and Bodoe Zones and to cut regularly spaced trenches along the 1.5-kilometre trend separating the two zones. No data quality problems were indicated by Filab's QA/QC program, and all samples were processed and assayed by Filab, a Bureau Veritas Certified Laboratory (under ISO 9001:2015). Strategic Investor Sprinter LLC to Increase Position in Fairchild Gold to Become Company's Largest Shareholder(TSXV: FAIR) Fairchild Gold Corp. announced it expects to close a first tranche of approximately C$1.2 million under a non-brokered private placement financing for aggregate gross proceeds of up to C$1.8 million. The Offering is being led and supported by Sprinter LLC, an existing significant investor in Fairchild, and is expected to result in Sprinter becoming Fairchild's largest shareholder. Approximately 20,000,000 units will be issued at a price of C$0.06 per Unit, with each Unit consisting of one common share and one common share purchase warrant, and each warrant exercisable at C$0.10 for sixty months from issuance. The net proceeds are intended to be used to complete the closing of the Golden Arrow Project acquisition and for general working capital purposes. The Company expects certain insiders to participate in the Private Placement, which constitutes a "related party transaction" as defined under Multilateral Instrument 61-101, but expects to rely on exemptions from formal valuation and minority shareholder approval requirements. Fairchild Gold's Nevada property portfolio includes Nevada Titan, Carlin Queen, and the Golden Arrow property, with Golden Arrow encompassing two principal resource areas, Gold Coin and Hidden Hill, and a combined measured, indicated and inferred resource base outlined in a National Instrument 43-101 technical report prepared by RESPEC and filed in February 2026. The Offering remains subject to the approval of the TSX Venture Exchange. Brasnova Energy Materials Inc. Capela Gold Project Returns up to 4.13 G/t Gold From Rock Chip Sampling(TSXV: BEM) Brasnova Energy Materials Inc. announced analytical results from 23 rock chip samples collected from surface at the Capela Gold Project in Pintadas, Bahia, Brazil. Twenty-two of the 23 samples returned gold values ranging from 0.241 g/t Au to 4.13 g/t Au, confirming a mineralized north-south-trending corridor approximately 120 meters long and up to 25 meters wide. Additional notable results include 1.734 g/t Au, 1.435 g/t Au, and 1.170 g/t Au. The mineralized trend defined by the current rock chip sampling remains open to the north and south along strike and laterally to the east and west. Analytical results indicate enrichment in gold (Au), copper (Cu), zinc (Zn), lead (Pb), silver (Ag), arsenic (As), and molybdenum (Mo). Samples were submitted to SGS laboratory in Vespasiano, Minas Gerais, Brazil, for preparation and geochemical analysis, with all results passing the Company's internal QA/QC verification. The company projects further delineation of the potential extent of the mineralization through stream sediment sampling and additional ground geochemical and geophysical surveys. CopAur Files Technical Report for the Preliminary Economic Assessment for the Kinsley Mountain Gold Project(TSXV: CPAU) CopAur Minerals Inc. At a long-term Consensus Gold Price of US$4,000/oz Au, the Project yields a post-tax NPV (5%) of US$104 million, a post-tax IRR of 49%, and a post-tax payback period of 1.8 years. The PEA reports a 52% growth over the previous Mineral Resource Estimate to 742,000 Indicated ounces at 1.11 grams-per-tonne gold and 69,000 Inferred ounces at 1.98 g/t Au, including 384,000 Indicated ounces at 5.32 g/t Au within the high-grade Secret Canyon zone. CopAur will pay ImpactDeck a cash consideration of CDN$5,000 per month, commencing April 1, 2026, for an initial six-month period, ending October 1st, 2026, with an option to continue on a month-to-month basis thereafter. The engineering and financial information as it relates to the PEA results has been reviewed and approved by Dr. Todd Harvey, PhD, President of Process Engineering for GRE, and the scientific and technical information as it relates to geology & mineralization has been reviewed and approved by Kristopher J. Raffle, P.Geo. (BC), Principal and Consultant of APEX Geoscience Ltd. The company projects that the updated MRE and geological model will further define future drill programs to quantify the near-surface oxide mineralization that remains open to the north of the existing open pit. Rise Gold Provides Details on Upcoming Tungsten and Gold Drilling Program at Idaho-Maryland Mine(CSE: RISE) (OTCQB: RYES) Rise Gold Corp. announced it is commencing a tungsten and gold exploration drilling program at the Idaho-Maryland Gold Project located in Nevada County, California. The company plans to drill eight core holes totaling approximately 11,400 feet of drilling from two locations. The I-M Mine operated nearly continuously from 1862 to 1957, producing an estimated 2.4 million ounces of gold at an average mill head grade of 0.50 ounces per ton (17.1 grams per tonne). By the early 1940s, the I-M Mine was the second-largest gold producer in the United States. In 1954, the operator began exploring for tungsten under a program sponsored by the U.S. Department of Defense, and by December 1955, all mining and milling of gold was discontinued in favor of tungsten production. China currently produces 84% of the global tungsten supply and in February 2025 announced restrictions on tungsten exports. The company projects that the Idaho-Maryland Mine may also be important as a potential source of tungsten, a critical metal for the U.S. military. Metals Creek Returns High-Grade Mineralization With 115.51 G/t Gold Over 9.85 Meters Including 2050 G/t Gold Over 0.50 Meters at Ogden Gold Project in Timmins, Ontario(TSXV: MEK) Metals Creek Resources Corp. announced high-grade gold assays from one diamond drill hole in its recently completed three-hole diamond drill program at the Ogden Gold Project located in Timmins, Ontario. The Ogden Gold Project is a 50/50 Joint Venture with Discovery Mining Ltd, with the Company serving as the operator, and the program entailed 3 diamond drill holes totaling 1233 meters. Hole TOG-26-76 returned a downhole intercept of 115.51 grams per tonne (g/t) gold over 9.85m, including 3.10m of 356.85 g/t Au and 0.50m of 2050 g/t Au, with very strong visible gold. The Ogden Project's second highest grade intercept to date was achieved in this hole, with the highest being 210.19 g/t Au over 12.53m in hole TOG-13-25, located 325m west of TOG-26-76. The Company has earned a 50% interest in the Ogden Gold Property, including the former Naybob Gold mine, located 6 km south of Timmins, Ontario, and has an 8 km strike length of the Porcupine-Destor Fault. Approximately 10% of the samples submitted for assay were also sent for check assays as part of the Company's QAQC protocol. The company projects that assay results for the final remaining hole will be released as they are received and compiled. Nevada Sunrise Completes Soil Survey Program at the Fivemile Gold Project, Cortez Mining District, Nevada(TSXV: NEV) Nevada Sunrise Metals Corporation announced the completion of an Ionic Leach™ soil survey program at the Fivemile Gold Project, located within the Battle Mountain-Eureka-Cortez gold trend in Lander County, Nevada. Three hundred (300) samples were collected property-wide and delivered to ALS Global Laboratories in Reno, NV, for analysis by their proprietary Ionic Leach™ method. Fivemile consists of 266 unpatented mineral claims on Bureau of Land Management land totaling approximately 5,496 acres (2,224 ha). Nevada Sunrise can earn a 79% interest in Fivemile from American Metals Exploration Corp. in three stages over 4 years from the effective date of the earn-in option agreement. The current mineral resource estimates at Fourmile are reported as: Indicated mineral resource estimated at 2.6 million ounces of gold at an average grade of 17.59 grams per tonne gold contained within 4.6 million tonnes, and Inferred mineral resource estimated at 13.0 million ounces of gold at an average grade of 16.9 g/t gold contained within 25.0 million tonnes. The Cortez Complex includes measured mineral resources estimated at 0.67 million ounces of gold at an average grade of 4.88 g/t gold contained within 4.3 million tonnes; indicated mineral resources estimated at 18.0 million ounces of gold at an average grade of 2.71 g/t gold contained within 200 million tonnes, and inferred mineral resources estimated at 6.4 million ounces of gold at an average grade of 1.6 g/t gold contained within 120.0 million tonnes. The company plans next steps for exploration in 2026 at Fivemile, including high-resolution gravity and magnetic surveys. Mining Americas Inc. Reports Second Quarter 2026 Gold Production(TSX: MAI) (OTCQX: MAIFF) Mining Americas Inc. announced preliminary production results for the three months ended June 30, 2026, reporting second quarter gold production of 8,137 ounces at its 100%-owned Pan gold mine in White Pine County, Nevada. Year-to-date gold production totals 16,871 ounces, and the company sold 8,249 ounces of gold in Q2 2026. Mining rates at the Pan mine ramped up to over 80,000 tonnes per day in Q2 2026, compared to approximately 55,000 tonnes per day previously, following the introduction of a new mining contractor at the start of 2026. The company's unaudited cash balance was $44 million as of June 30, 2026, down from $46 million on March 31, 2026, with the decrease attributed to increased waste stripping, an annual income tax instalment, and a bonding payment for the Gold Rock project. The Pan mine achieved a milestone of five years with no lost time incidents. The company maintains a portfolio of projects in Nevada, Arizona, and Mexico, including the Pan Operating Complex, Gold Rock project, Copperstone project, and Cerro de Oro project. The company projects higher gold production in the second half of 2026 and maintains full-year 2026 production guidance at between 32,000 and 38,000 ounces of gold. JVR Ventures Inc. Enters Into Letter of Intent to Complete Reverse Takeover Transaction With Cedar Creek Gold Corp.(TSXV: JVR.P) JVR Ventures Inc. has entered into an arm's-length binding letter of intent dated July 13, 2026, with Cedar Creek Gold Corp. to acquire all of the issued and outstanding securities of Cedar Creek. Cedar Creek holds interests in the Cedar Creek Project in Montana and the North Safford Project in Arizona, with the North Safford project consisting of 213 unpatented claims. JVR anticipates issuing approximately 29,050,000 common shares to the shareholders of Cedar Creek, in consideration of 19,050,000 common shares of Cedar Creek currently outstanding and up to 10,000,000 common shares pursuant to a private placement financing. Cedar Creek has entered into a mineral lease agreement to acquire a 55% interest in the North Safford Project by making payments totaling US $800,000 over three years and completing 9,000 feet of drilling by mid-2028. Cedar Creek will pay USD $7,000 per month during the term of the Cedar Creek Project lease, is required to incur USD $150,000 in exploration expenditures the first year and an additional USD $300,000 in the second year, and may purchase the Cedar Creek project for USD $3,000,000. The parties plan to negotiate and settle the terms of a definitive agreement on or before August 15, 2026, and upon completion of the transaction, JVR plans to change its name to "Safford Copper Corp." The company projects that the board of directors of the resulting issuer will initially consist of four directors nominated by Cedar Creek and acceptable to the TSX-V. Cabral Gold | TSX-V: CBR • Stage 1 heap-leach operation fully funded via US$45M gold loan with first gold pour expected Q4 2026. • Located next to GMining's Tocantinzinho, Brazil's third-largest gold mine producing 200,000 oz/yr. • 78% IRR, 10-month payback at $2,500/oz gold. • Recent drill hit: 11m @ 33.0 g/t incl. 4m @ 89.3 g/t at Machichie NE. • District-scale Cuiú Cuiú project covers 15 x 10km with 50 targets and four new hard-rock discoveries in progress. View Cabral Gold → |
Seva Announces Commencement of Upgrades to Cameron Gold Project Access Road(TSXV: SEVA) Seva Mining Corp. announced the commencement of road upgrades and maintenance in partnership with Misun Integrated Resource Management Company on the 22 kilometer access road connecting the Cameron Lake Gold Project to Highway 71 in northwestern Ontario, Canada. The Cameron Lake Gold Project hosts a NI 43-101 compliant Mineral Resource Estimate, effective February 26, 2026, comprising 515,000 ounces Measured & Indicated (6,564,000 tonnes at 2.44g/t Au) and 740,000 ounces Inferred (10,559,000 tonnes at 2.18g/t Au), supported by 118,810 metres of drilling. The project is located near Sioux Narrows in Northwestern Ontario, Canada, within Treaty Three Territory. The region has seen approximately $9.6 billion in M&A activity over the past 5 years. Mineral Resources are constrained by a conceptual open pit shell (0.33 g/t Au cut-off) and underground stope shapes (1.25 g/t Au cut-off), based on a gold price of US$2,600/oz. No Mineral Reserves have been estimated for the Cameron Project. The company aims to unlock the full discovery potential of the Cameron Project through systematic modern exploration while delivering long-term value for shareholders. Zodiac Gold Commences New Drilling Program of up to 5,000 Metres at Flagship Arthington Gold Discovery(TSXV: ZAU) (OTCQB: ZAUIF) Zodiac Gold Inc. announced the commencement of a new diamond drilling program at its flagship Arthington discovery at the Todi Gold Project in Liberia. The program is expected to comprise a minimum of 3,000 metres of drilling, with scope to expand to as much as 5,000 metres depending on assay results and the continuity of mineralization encountered. Previous drilling campaigns at Arthington totaled more than 6,800 metres, with 6,836m completed in 39 diamond drill holes and significant intersections reported in 37 of 39 holes. Highlights from drilling include intervals such as 18.00 metres at 4.67 g/t Au (including 1.00 metre at 55.90 g/t Au), 9.65 metres at 7.50 g/t Au (including 3.00 metres at 20.36 g/t Au), and 6.00 metres at 10.60 g/t Au (including 3.00 metres at 20.45 g/t Au). The Arthington target features a total +4km soil anomaly, and a single drill hole 1.1km to the west returned 1.05m at 8.98 g/t Au and 7m at 0.33 g/t Au. The company projects that the new drill campaign has the potential to significantly increase its resource base and further demonstrate the district-scale nature of the Monterra Trend. West Point Gold Extends Northeast Tyro Gold Zone to 350m Depth; Drilling Returns 51.9m at 2.5 G/t Au, Including 21.4m at 4.72 G/t Au(TSXV: WPG) (OTCQX: WPGCF) West Point Gold Corp. announced results from five drill holes within the high-grade Northeast Tyro zone at its flagship Gold Chain Project in Arizona. Hole GC26-169 intersected 51.9 metres of 2.5 grams per tonne gold from 276m, including 21.4m at 4.72 g/t, with an estimated true width of 38m. The company reported assay results for five drill holes totaling 1,542m: GC26-142, GC26-157, GC26-159, GC26-165, and GC26-169. Results from 14 holes representing 4,378m of the recently completed 21,079m program are still pending. Hole GC26-157 cut 32.0m at 3.4 g/t Au about 60m below GC25-085 (29m at 5.24 g/t Au), and Hole GC26-159 intersected 36.5m at 2.79 g/t Au, including 9.1m at 6.46 g/t Au. All results from Tyro Main and NE Tyro are expected to contribute to the company's upcoming maiden resource estimate to be released later in 2026. The company states that NE Tyro remains open to depth and to the northeast towards the Frisco Graben. Searchlight Resources Expands the Mari Lake High-Grade Gold Project(TSXV: SCLT) Searchlight Resources Inc. has staked an additional 38.3 sq km of claims on the Mari Lake high-grade gold project, increasing the project size to 43.1 sq km from the original 4.8 sq km. The company's exposure along the Kississing River Shear Zone has expanded from 3.1 km to 7.0 km. All claims were acquired by staking, are 100% held by Searchlight, and have no royalties. Historical exploration between 1945 and 1986 included 22 drillholes, 39 trenches, and several pits, with multiple reports of visible gold and gold mineralized structure over 700 metres in length. Drill hole samples included 0.85 oz/ton Au over 2.8 feet and 0.52 oz/ton Au over 2.5 feet, while trench samples included 1.28 oz/ton Au over 10 feet and 0.50 oz/ton Au over 6.0 feet. The company is planning a high-resolution airborne magnetic survey and a geological site visit in preparation for winter drilling. Management cautions that the presented drill, trench, and grab sample results are historical in nature and have not been independently verified by Searchlight. Hannan Submits DIA to Drill Peru's First Alkaline Epithermal Gold-Copper Discovery at Previsto(TSXV:HAN) Hannan Metals Limited announced the completion and submission of its Declaracion de Impacto Ambiental ("DIA") or Environmental Impact Statement at its 100% owned Amanecer gold-copper project in Peru. The DIA submission enables the first ever drilling on the project, with 18 drill platforms and 7,650 m of diamond drilling planned across the Previsto Central and Inca Garcilazo prospects. The Previsto project covers a 5 km x 5 km footprint, with two work areas totaling 361.4 hectares and a disturbance footprint of 2.3 hectares. Final DIA and other approvals are anticipated during Q1 2027, after which drilling can commence. The company reports grades up to 33.1 g/t Au and 120 g/t Ag at Las Helenas (Previsto Central), and has identified eight porphyry and/or epithermal targets within a 25 km by 10 km area. The prospect was discovered in 2021 during a greenfields prospecting program. Hannan Metals Limited also holds an option to earn 100% in three high-grade gold projects in Sweden. Lode Gold Announces Non-Brokered Private Placement of $7 Million Financing With Follow-On Investment From Lead Investor Coast Capital(TSXV: LOD) (OTCQB: LODFF) Lode Gold Resources Inc announced a non-brokered financing for up to $7,000,000 by issuance of up to 25,925,926 Units at $0.27 per Unit. Coast Capital LLC, a major shareholder currently at over 18%, will participate in the offering to maintain and increase its holding up to approximately 19.9% post offering closing. Each $0.27 unit consists of one common share and one common share purchase warrant, with each warrant entitling the holder to purchase one additional share at an exercise price of $0.45 per share for a period of 3 years. The company may accelerate the expiry date if the shares trade at $0.80 or greater for a period of 10 consecutive days. Proceeds from the offering will be used to advance technical work at the Fremont Gold Mine, strengthen the balance sheet, and provide general working capital. The Fremont Gold Mine Project has 43,000 m drilled, 10,000 underground channel samples, 14 adits, and 2 shafts, and sits on over 3,000 acres of 100% owned private and patented land. The company projects an initial mine plan will be developed to initiate environmental and permitting work later this year. Torex Gold Provides Q2 2026 Morelos Drilling & Exploration Update(TSX: TXG) (OTCQX: TORXF) Torex Gold Resources Inc. reported continued positive results from its drilling and exploration programs at ELG Underground and the Media Luna Cluster. The company highlighted 16 drill rigs currently active and a record year of exploration spend across its portfolio of assets. At the eastern extension of Media Luna, drilling returned 9.14 grams per tonne gold equivalent over 7.5 metres in drill hole MLE26-013 and 4.98 gpt AuEq over 8.8 m in MLE26-018D, indicating a vertical extension of higher-grade mineralization of at least 100 m. Approximately 62,500 m of drilling is planned for the Media Luna Cluster in 2026, with 7,421 m of drilling completed at the Media Luna Cluster, including 5,737 m at Media Luna and Media Luna North between February 1 and May 1, 2026, and 1,684 m at the eastern extension of Media Luna between February 7 and June 2, 2026. At ELG Underground, 36,000 m of drilling is targeted for 2026, with 8,624 m drilled over 45 holes between February 1 and May 1, 2026. The company projects Media Luna North on pace for first production by year end and is well on track to embark on the next phase of organic growth. Wesdome Announces Second Quarter 2026 Production Results; on Track to Achieve Full-Year Consolidated Production Guidance(TSX: WDO) (OTCQX: WDOFF) Wesdome Gold Mines Ltd. announced its production results for the three and six months ended June 30, 2026, reporting total gold production of 43,823 ounces in Q2 2026 and 89,126 ounces year-to-date. Eagle River milled 72,439 tonnes at an average grade of 9.7 grams per tonne in Q2 2026, producing 21,797 ounces of gold, while Kiena milled 62,515 tonnes at an average grade of 11.1 grams per tonne, producing 22,026 ounces. Production sold in Q2 2026 was 44,100 ounces, and year-to-date production sold was 89,700 ounces. The company repurchased more than 4% of its outstanding shares since launching its normal course issuer bid in late November and announced the initiation of a quarterly cash dividend in September. Wesdome will release its Q2 2026 financial results after markets close on Thursday, August 13, 2026, and host a conference call and webcast on Friday, August 14, 2026, at 10:00 a.m. ET. The company projects full-year production guidance of 180,000 to 205,000 ounces and expects the first Presqu'île stope at Kiena to enter production the week of July 13, 2026, supporting a stronger production profile in the second half of the year. Auro Metals Intersects 625.12m Grading 0.64 G/t Gold and 0.10% Copper at the Santa Barbara Gold-Copper Project, Ecuador(TSXV:AURO) Auro Metals Inc. announced the second batch of drill assay results for three drillholes from the 2026 Phase I Drill Program at its 100%-owned Santa Barbara Gold-Copper Project located in the Zamora-Chinchipe Province in southeastern Ecuador. Drillhole DSB-59 intersected 625.12 metres grading 0.64 grams per tonne gold and 0.10% copper from 81.43m to the end of hole. Drillhole DSB-58 intersected 130m grading 0.60 g/t Au and 0.09% Cu from 12.0m, while DSB-57 intersected 59m grading 0.67 g/t Au and 0.10% Cu from surface, and 37.5m grading 0.5 g/t Au and 0.10% Cu from 92.5m. Since the commencement of the drill program, 16 holes have been completed and assay results for the first six holes have been received. The Santa Barbara Project comprises Indicated resources of 29.8 million tonnes grading 0.73 g/t gold and 0.10% copper containing 697,000 ounces gold and 68 million pounds copper, and Inferred resources of 205.7 million tonnes grading 0.52 g/t gold and 0.09% copper containing 3,418,000 ounces gold and 426 million pounds copper. The company projects that mineralization is open in both up-dip and down-dip directions and plans to share further assay results when available. First Mining Gold | TSX: FF | OTCQX: FFMGF • Federal Environmental Assessment approval received June 30, 2026, a landmark milestone for Springpole. • Springpole PFS: 330 koz Au/yr average (first 5 years), US$2.1B NPV at $3,100/oz, 41% IRR, <$1,000/oz AISC. • Duparquet Gold Project in Quebec's Abitibi belt, one of the largest undeveloped gold projects in North America. • Two flagship assets offering unparalleled leverage in a $4,000+ gold price environment. View First Mining Gold → |
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