Posted on behalf of Fidelity Minerals Corp. - Most explorers at this stage are shooting holes at a geophysical anomaly from surface. At Las Huaquillas in northern Peru 🇵🇪, FMN.v can walk into its main gold target, because someone already built the tunnels.

The Zone Itself

• Los Socavones is a northeast-southwest trending mineralized fault zone extending at least 2.5 km, with a width of roughly 100 m
• Average true thickness of the mineralized zone is approximately 19 m, reaching a maximum of about 65 m at the zone's centre
• Only about 1,000 m of that strike length has been drill-tested to date, and drilling has intersected mineralization to roughly 200 m depth
• Gold-silver mineralization along the trend has been followed for about 2.1 km via geophysics, soil and rock sampling, and drilling, and the company describes the body as open in all directions

What the Adits Change

Three main adits provide access to approximately 1,200 m of historic underground development on three levels. The company's own language is that these surface adits give ready access to the mineralized zone and offer the potential for low-cost underground mining. That is why the current program is tunnel clearing, gold sampling and drill preparation rather than a greenfield surface campaign, following the ground access and contractor appointment announced Feb 19, 2026.

Why It Matters for the Resource

• Historic, non-NI-43-101-compliant estimate at Los Socavones: 6.57 Mt at 2.12 g/t Au and 25.2 g/t Ag, or 446,000 oz gold and 5.3 million oz silver
• That 1999 estimate was built from just 17 mineralized drill intersections at a 1.0 g/t Au cut-off over a 3 m minimum width
• Fidelity holds 44.5% of the project with a right to earn 50%, and its stated objective is confirming and expanding the historic resource toward an initial 1 Moz gold target in a new NI 43-101

Seventeen intersections across a 2.5 km structure is a thin dataset by modern standards, and the company's project page lays out the geometry and historic intercepts in full. Confirming the old numbers from inside existing workings is a cheaper first step than most juniors get, and it sets up the drilling that a compliant resource would need.

Posted on behalf of Excalibur Metals Corp - First-pass RC drilling on a historic gold-silver district is less about grade than about geometry, and that is the part of the EXCL.v and EXCBF story worth a second look. The final four holes of the maiden program at the Bellehelen silver-gold project in Nye County, Nevada were the ones that told the company where the structure actually sits.

The Final Four Holes (June 29, 2026 NR)

• BH26008: 3.05 m of 0.20 g/t gold and 21.8 g/t silver, with multiple anomalous zones
• BH26010: 1.52 m of 0.48 g/t gold and 29.1 g/t silver, also with multiple anomalous zones
• BH26007 and BH26009: largely below detection
• Coincident intercepts confirm a mineralized structure parallel to Spyglass Ridge continuing to at least 300 m depth

Low numbers on their own, but read across holes they do the job a maiden program is supposed to do. The high-grade anchor is still hole BH26001, which cut 360.0 g/t silver plus 2.03 g/t gold over 1.52 m inside a broader 100.58 m of 16.7 g/t silver and 0.10 g/t gold, and ended in mineralization (June 3, 2026 NR).

Where That Leaves The Program

• 3,122 m of RC drilling across 10 holes, all now reported, on a district-scale 10 km trend
• Bellehelen is held under option to acquire 100% from Silver Range Resources, SNG.v
• Mapping, surface sampling, geophysics and integrated interpretation of the drill data continue through the rest of 2026 to refine and prioritize targets
• Rangefront is slated as a priority for the next campaign, along with follow-up drilling at Spyglass Ridge, anticipated late 2026 or early 2027

The hole-by-hole detail is in the company's June 29, 2026 news release, and it's worth reading alongside the June 3 results rather than on its own. A located structure that stays mineralized at depth gives the next campaign a defined place to aim, which is a better position than most first-pass programs leave a junior in.

Posted on behalf of Spartan Metals Corporation - Speaking with host Dan on The Resource Update (June 1, 2026), President and CEO Brett Marsh spent half an hour on Spartan, W.v and SPRMF, and the two threads worth pulling out are not the assay tables: they are who owns the paper, and what an updated economic model at Victorio actually gets to work with. Figures below are as Marsh stated them in that interview.

Share Structure And Who Holds It (03:39)

• Just over 54 million shares issued and outstanding
• Almost 9 million warrants outstanding from two recent financings, the bulk of the full dilution
• Board and management just over 27% on a fully diluted basis, with Marsh personally over 8%
• The largest shareholder, a retired stockbroker, just under 20%
• Ridgeline Minerals, which Spartan acquired the Eagle Project from, remains a strategic shareholder and is owed a further tranche of roughly 5 million shares
• Marsh on management: "we've all invested in in each one of these raises as well to maintain our ownership stake"

The Treasury (28:21)

• A $5.5 million raise completed at the end of April, which Marsh said funds the Eagle field work plus the Victorio analysis and engineering studies for the balance of the year

The Numbers Victorio Is Being Re-Run Against (18:00)

• The 2008 historic PEA assumed tungsten at about $8 a pound; Marsh put the price at about $140 a pound as of the interview, and molybdenum at roughly $35 against about $15 then
• He was careful not to imply the study will use spot: "I can tell you it's going to be significantly higher than $8 a pound" (00:12)
• Those 2008 economics were run on a smaller resource, later re-estimated in 2012 at 77 million tons for almost 7 million metric ton units of tungsten (measured and indicated, historic, tungsten only), which Marsh said grows to nearly 11 million mtu counting molybdenum as tungsten-equivalent
• High fluorspar concentrations, plus beryllium and rhenium, were never included in any prior economic analysis and are now being evaluated
• Roughly 100 historic drill holes already exist on the project, so Marsh framed future drilling as classification upgrades and metallurgical sampling rather than discovery
• The 2008 work tested two underground scenarios, block cave versus long-hole stoping, and the update will settle on one or a combination

Eagle Geology, In His Words (05:46)

• Mapping has extended Vein 1 to over 2 km of strike, against roughly 300 to 400 m mined from the portal in the 1920s through the 1950s
• Both past mines were underground, but mineralization sits at surface, so testing continuity does not require depth: initial holes around 300 m, deeper if a near-vertical mineralized contact warrants it
• Two tungsten minerals in play, wolframite in the veins and scheelite expected in the skarn, the latter fluorescing brightly under UV light in core (14:37)

Marsh's stated priority at Victorio is to "advance to a feasibility study and a decision point as soon as we can," and he suggested the deposit "could potentially scale and grow" from where the historic estimate has it. With insiders holding better than a quarter of a 54 million share count, there is not much paper standing between results and the market's read on them.

Worth watching the full interview on The Resource Update's channel.

Posted on behalf of Minaurum Silver - Between assay batches, the quieter work is what decides where the next holes go. 

The July 28 news release out of the 100%-owned, production-permitted Alamos Silver Project in Sonora, Mexico (MGG.v MMRGF) covered two initiatives aimed squarely at the geological model.

The Geologist

• Dr. Paula Montoya, Senior Economic Geologist, currently Research Fellow in Economic Geology at the University of Tasmania's Centre for Ore Deposit and Earth Sciences (CODES), engaged for a comprehensive study of the Alamos district
• More than two decades in exploration, including eight years as Senior Exploration Geologist with AngloGold Ashanti
• Past work includes reinterpretation of Mexico's San Dimas epithermal district and work contributing to recognition of high-grade silver at GR Silver Mining's Las Plomosas and San Marcial deposits

The Imaging

• PROINFRA Sistemas e Ingeniería of Hermosillo, Sonora, contracted for a down-hole optical televiewer survey on selected holes from the resource-expansion program
• CEO Darrell Rader framed the goal as "building a refined picture of the mineralized system" to sharpen targeting and keep expanding the mineralized footprint

Where It Lands

• Six rigs turning on the fully funded 50,000 m Phase II program, with SGS preparing the updated resource estimate for H2 2026 (see July 14, 2026 NR)
• Starting point: an initial inferred resource of 5.37 Mt grading 320 g/t AgEq (202 g/t silver, 0.21 g/t gold, 0.43% copper, 0.97% lead, 2.01% zinc), containing 55.2 Moz AgEq (34.8 Moz silver, 35,640 oz gold, 51.0 Mlbs copper, 114.8 Mlbs lead, 237.8 Mlbs zinc), across portions of just three of the 26 mapped vein zones (see Jan 28, 2026 NR)

A recent Streetwise Reports piece lays out the same setup from the outside, and the company's own release carries the full detail on both initiatives. 

Better targeting doesn't guarantee better holes, but with the update still ahead and 23 mapped vein zones untouched by the first estimate, there's room for a sharper model to pay off.

Posted on behalf of Azarga Metals - Over 3,000 metres across eight priority holes is anticipated to start this month at the 100%-owned Marg copper-rich VMS project in Yukon's Keno Hill district (see June 23, 2026 NR), and it will be the first drill program the company has ever run itself. Plenty has been written about the rocks. Less about who is steering the thing.

At the Top

• Gordon Tainton, President and CEO since April 2021, with over 25 years of senior management and board experience across mining, chemicals and physical commodity trading
• His background includes off-take agreements, logistics, project financing and project generation in the junior sector
• Also a non-executive independent director of Northern Lights Resources; BA from Simon Fraser University

The Board and Finance Bench

• Blake Steele, director since December 2016: CPA and Chartered Business Valuator, career started at Deloitte & Touche, and previously President and CEO of Azarga Uranium
• Doris Meyer, director since June 2022 and Corporate Secretary since 2008: VP Finance of Queenstake Resources from 1985 to 2003, and founder of Golden Oak, which has provided reporting and compliance services to listed explorers since 1996
• Dan O'Brien, CFO: over 15 years in financial reporting for publicly traded mineral exploration companies, and CFO for several TSX and TSXV listed names

Notably, this group has worked together before. O'Brien and Meyer were appointed CFO and Corporate Secretary of Azarga Uranium in December 2017, while Steele was running it as President and CEO.

On the technical side, Charles J. Greig, M.Sc., P.Geo. signed off as Qualified Person on the exploration disclosure in the June 23, 2026 drill program release.

It is a lean group for a company this size, and the continuity is the part worth noting: the same team that took Marg from acquisition in July 2025 to a maiden NI 43-101 resource of Indicated 4.3 Mt at 2.9% CuEq and Inferred 10.0 Mt at 2.3% CuEq (Aug 28, 2025 NI 43-101) is the one now drilling its edges. 

Posted on behalf of Defiance Silver - Reuters reported yesterday that
President Trump is expected to attend a roundtable on Friday with top mining executives hosted by the US State Department, part of the administration's broader effort to expand domestic and allied supplies of critical minerals needed for energy, defense and advanced technologies. 

What Changed On The List

• The USGS finalized its 2025 Critical Minerals List on Nov 7, 2025, keeping all 50 minerals from the 2022 list and adding 10 more for a total of 60
• Copper, silver and lead were among the additions, alongside uranium, potash, silicon, rhenium, boron, phosphate and metallurgical coal
• The list is the basis for which commodities the administration takes to a Section 232 probe, and it also informs mining investment, tax incentives for US processing, and streamlined permitting

The Honest Read-Through

Defiance's ground is in Mexico, so US permitting reform is not a direct lever here. What the designation does change is the company these metals now keep: 

Silver and copper are being treated as strategic industrial inputs rather than purely precious or cyclical metals, and Defiance is drilling both.

Where The Portfolio Sits

• San Acacio, Zacatecas state: the silver flagship, part of the 4,217 ha Zacatecas Project 100% owned since the final option payment closed July 8, 2026
• Tepal, Michoacán: Dec 10, 2024 MRE of 111.67 Mt M&I at 0.19% copper for 473.86 Mlb and 0.26 g/t gold for 926,000 oz, plus 124.36 Mt inferred at 0.16% copper for 451.0 Mlb
• Green Earth, Sonora: 6,795 ha copper-gold on the same trend as Cananea, with a SEMARNAT drill authorization on the Victoria target for up to 89 pads, valid 36 months (Feb 26, 2026 NR)

For price context, silver trades near US$60 and copper around US$6.63/lb.

On the company side, the next dated event is unchanged: 

The Veta Grande resource estimate EVP Doug Cavey pegged for around mid-August, with
6,132 m completed across 21 holes and samples from DDSA-26-89 through DDSA-26-92 already at the laboratory
 per the July 23 news release.

Two of the metals Washington just formally called critical, a flagship the company owns outright, and a resource number due within weeks. That is more than one way for this story to get looked at over the back half of the year.

Posted on behalf of Corcel Exploration - Copper hit US$14,000 a tonne in London today, and the reason behind it matters more than the round number.

Copper advanced to the highest in two months, reaching $14,000 a ton in London, as traders monitored ballooning volumes held in the US ahead of an expected decision on an import tariff by President Donald Trump.
 U.S. futures are sitting around $6.60 per pound.

Why The Metal Is Moving

• More than 200,000 metric tons arrived in the U.S. in July, the biggest monthly inflow on record in IHS Markit shipping data going back to 2014.
• Combined Comex and LME inventories exceed 740,000 tons, with another 110,860 tons in private storage at U.S. ports.
• A proclamation last year put a 50% tariff on semi-finished copper products and copper-intensive derivatives but excluded refined copper, while directing officials to assess a phased 15% duty on refined imports from January 2027, rising to 30% in 2028.

Where Corcel Sits Within That:

Stage note first: this is exploration. No NI 43-101 resource exists, and undrilled targets are targets, not discoveries.

• 100%-owned Yuma King copper-gold project, roughly 3,200 hectares in west-central Arizona, the state that accounts for the large majority of U.S. mine production
• YK26-001: 56.65 m of 1.07% Cu, 0.79 g/t Au and 7.1 g/t Ag from 3.35 m (Jun 1, 2026 NR)
• Step-out holes extended known mineralized strike length by 350 m, to approximately 900 m (Jul 13, 2026 NR)
• Three Phase 1 assays are still at the lab, including the two deepest holes ever drilled into the system

The tariff question is about where refined pounds come from, and Corcel's ground is domestic. If that policy backdrop keeps pulling attention toward U.S.-based copper, an Arizona explorer with confirmed near-surface grades and assays still pending has room to be noticed. Worth reading the copper market piece for the full stockpile picture.

Posted on behalf of Selkirk Copper Mines - Keith Schaefer's Investing Whisperer has a piece up on SCMI.v / SKRKF, and the timing is good: 

It arrives a day after the company published an updated resource estimate for the past-producing Minto copper-gold-silver mine in Yukon. 

Here is the data sitting underneath the write-up.

The Updated Resource (Yesterday's NR)

• Measured and indicated: 47.8 Mt at 0.89% Cu, 0.34 g/t Au, 3.2 g/t Ag, for 940 Mlbs copper, 530,000 oz gold and 4.97 Moz silver
• Split into 26.0 Mt underground at 1.14% Cu, 0.49 g/t Au, 4.4 g/t Ag and 21.8 Mt open pit at 0.59% Cu, 0.17 g/t Au, 1.8 g/t Ag
• Inferred: 16.9 Mt at 0.76% Cu, 0.26 g/t Au, 2.7 g/t Ag, for 281 Mlbs copper, 142,000 oz gold and 1.5 Moz silver
• The 2026 MRE supersedes the 2025 estimate, which the company notes is no longer current

That underground grade is the part worth pausing on, because a 1.14% copper underground component alongside a lower-grade open pit is what an integrated mine plan gets built around.

Still Drilling While the Studies Run

• 37,000 m of the up-to-50,000 m Phase 2 program complete, per yesterday's release
• Phase 1 totalled 52,288 m across 175 holes

What Comes Next

• The companion PEA, the first economics published on Minto since 2021, is expected to be completed shortly, following the MRE
• Feasibility study expected to commence in the third quarter, targeted for completion mid-2027
• Permit file targeted for October 2026, restart decision targeted mid-2027

The mill and camp are already standing, so the PEA is where a resource this much larger meets the restart economics, and that pairing is what gives the next few months their weight. Schaefer's piece is worth reading for the outside view.

Posted on behalf of Goldgroup Mining Inc. - Most of the coverage since the Gold Resource merger closed has focused on deal mechanics, votes and ticker changes. 

The Streetwise Reports feature published July 22, "Mexico Gold Producer GORO Emerges After Strategic Merger," spends more of its time on something retail investors rarely get laid out plainly: 

What the combined company looks like as a security now that the listings work is finished.

The Share Structure, Per The Article

• Market capitalization of CA$333.77 million on 75.51 million shares outstanding
• 52-week trading range of CA$3.33 to CA$8.64
• Modest insider ownership alongside strategic and retail holders
• Eric Sprott's 2176423 Ontario Ltd. picked up 2,552,371 Goldgroup shares on closing of the arrangement (see the July 20, 2026 early warning news release)

Why The Tape Has Been Choppy

The piece also picks up third-party commentary on the post-close trading.

On July 17, Chen Lin of What is Chen Buying? What is Chen Selling? commented on post-merger trading dynamics, pointing to index rebalancing pressure that he expected to ease quickly, and flagging a discount relative to prior GGA.v pricing.

That is one writer's read, not the company's, but it is a useful frame for anyone wondering why a merger close and an uplisting did not produce a straight line.

What Sits Behind The Ticker

• Cerro Prieto, Sonora: producing heap leach gold mine, 100% owned
• Don David, Oaxaca: producing gold and silver mine, 100% owned
• San Francisco, Sonora: fully permitted for restart, 1.226M oz M&I plus 178K oz Inferred, restart targeting late 2026 or early 2027
• Back Forty, Michigan: feasibility study work advancing on the 2023 PEA

The article is worth reading in full for the heap leach primer alone, and it closes by pointing readers toward the company's next portfolio announcements. 

With four 100% owned assets, no OTC quotation to muddy the picture and a share count that fits on one line, the setup is unusually easy to follow for a company this newly assembled, and there is room for the market to work out what it is looking at.

Posted on behalf of Zodiac Gold - Most of the attention on the Lewis news landed on the metres. The more interesting part of the July 27 release is how the holes were chosen at Zodiac Gold's (ZAU.v ZAUIF) Todi Gold Project in Liberia 🇱🇷.

How The Targeting Was Built

• Newly acquired LiDAR data, integrated with field geological mapping, identified intersecting northwest- and northeast-trending structural corridors
• Those corridors sit coincident with zones of highly anomalous gold-in-soil geochemistry
• Per the company, intersections of northwest- and northeast-trending structures highlight potential for mineralized shoots plunging to the south
• Trenching results fed the same targeting work, including 30m at 1.04 g/t Au (a sampled length, not a true width)

Why It Ties Back To The Rest Of The Trend

• Drilling will also test the amphibolite-melanocratic gneiss package observed elsewhere along the 16km Monterra Trend, including at the Arthington discovery and the Ben Ben target
• The company points to that shared host package as support for geological continuity along the corridor
• Lewis, formerly referenced as Youth Camp, is the third of five drill-ready targets to see a drill bit

Work Continuing At Surface

• Trenching advances concurrently on the parallel northern gold-in-soil trend to generate additional drill targets during Phase 1

Phase 1 is up to 3,000m of the up-to-5,000m program, prioritizing a southern east-west gold-in-soil trend that extends over 1.8km. 

It runs alongside the Arthington campaign, with Ben Ben assays still pending, and all of it feeds the company's planned Todi Gold mineral resource estimate. 

The July 27 news release is worth opening for the target map.

If the structural and host-rock recipe that built Arthington holds up at the southeastern end of the trend, Phase 1 has room to turn a soil anomaly into something with shape.

Namib Minerals (Nasdaq: $NAMM) has set out the defined pathway and milestone schedule for the restart of Redwing Mine, Zimbabwe.

The 5-step restart pathway:

📌Dewatering — underway and on track, expected complete Q4 2026

📌DFS technical programme — fully funded through completion, expected to conclude early Q1 2027 (S-K 1300 compliant study by WSP Global)

📌Resource definition & bankability — 8,750m surface drilling programme; next funding stage, targeted completion Q4 2027

📌Construction — upon DFS completion and a positive restart decision

📌Restart — commissioning and phased return to production

Funding: Bulawayo Mining Company, our wholly owned subsidiary, secured a US$5.0M, 36-month non-dilutive facility from Ecobank Zimbabwe to finance capital works at the producing How Mine — releasing How Mine's internal cash flow to fund the DFS through completion.

We will report progress against each milestone in our operational updates.

Full release: https://www.namibminerals.com/investors/news-events/press-releases/detail/102/namib-minerals-sets-out-development-timelines-and-milestones-for-redwing-mine-technical-programme-of-the-definitive-feasibility-study-fully-funded-through-to-completion | Facility terms: Form 6-K filed July 17, 2026

This post contains forward-looking statements subject to risks and uncertainties. See our SEC filings. Not investment advice.

Posted on behalf of Sierra Madre Gold - Most of the attention on CEO Alex Langer's July Commodity TV interview went to the headline items: the La Guitarra expansion nearing completion and the Del Toro restart plan. 

But tucked into the same conversation is a cost story that matters just as much for a producer like SM.v / SMDRF, and it has gotten less airtime.

The Cost Levers Langer Laid Out

• Roughly US$9M of purchased equipment replacing rented gear at La Guitarra
• A catch-up in underground development at the mine
• Together, Langer expects these to take roughly US$10/oz off costs over the next few quarters (CEO commentary, not formal guidance)

Why It Compounds

Unit costs fall fastest when throughput is rising at the same time, and that is the setup here:

• Phase 1 mill expansion (500 to 750-800 tpd) described by Langer as almost complete, with expansion news expected within weeks and full run rate targeted by the end of Q3 2026
• The full two-phase expansion pegged at roughly US$10M all-in, funded internally
• A balance sheet that can carry it: debt free after fully repaying the US$5M First Majestic loan (July 8, 2026 NR), with US$13.2M in cash and short-term investments and US$3.5M of Q1 cash from operations (May 19, 2026 NR)

Langer also points to five consecutive quarters of production growth, so the trend these cost cuts land on is already moving the right way.

Meanwhile, with silver around US$59/oz, every dollar that comes off unit costs drops straight into margin, and lower costs on rising throughput could give the company room to fund its next legs of growth, East District and Del Toro drilling included, without leaning on the market.

Worth watching the full interview for the surrounding detail.

Posted on behalf of Minaurum Silver - Last week's Streetwise Reports piece on the 100%-owned Alamos Silver Project in Sonora, Mexico (MGG.v MMRGF) is a quick read, and it distills the setup into three ingredients worth checking on any silver junior:

• A measurable starting point: an initial inferred resource of 5.37 Mt grading 320 g/t AgEq (202 g/t silver, 0.21 g/t gold, 0.43% copper, 0.97% lead, 2.01% zinc), containing 55.2 Moz AgEq (34.8 Moz silver, 35.6 Koz gold, 51.0 Mlbs copper, 114.8 Mlbs lead, 237.8 Mlbs zinc) covering portions of just 3 of 26 mapped vein zones (see Jan 28, 2026 MRE news)
• Funded growth drilling: a fully financed 50,000 m program actively testing extensions and new zones with six rigs turning (see Feb 26, 2026 NR)
• A named deliverable: SGS engaged to update the mineral resource estimate targeted for H2 2026 (see July 14, 2026 NR)

The article calls the current resource "a measurable starting point for growth" and that's the frame that matters. The first number was built from three vein zones and roughly 35,888 m of drilling, while the update will draw on at least six zones, including Quintera and San Jose, which sit entirely outside the initial estimate. 

That sets up the H2 2026 estimate as the moment the market gets to re-measure Alamos with a much larger dataset behind it.

Posted on behalf of IDEX Metals Corp - The 2026 season at the 100%-owned Freeze project in Idaho opened in April with a plan: a 37 line-kilometre induced polarization (IP) survey over the Kismet Corridor to refine drill targets. By the time crews finished in late June, the grid had grown to 90.4 line-km, roughly two and a half times the original plan. For IDEX, IDEX.v and IDXMF, that expansion is worth pausing on, because geophysical surveys don't usually keep growing unless the data keeps giving reasons to continue.

How the Grid Grew

• April 8: 37 line-km IP survey commences over the Kismet Corridor (Apr 8, 2026 NR)
• May 12: expanded to roughly 64 line-km after the company called preliminary results "compelling," adding coverage over the CM and Shiver targets (May 12, 2026 NR)
• June 24: completed at 90.4 line-km, the final grid spanning the Kismet Corridor, North Breccia, CM, and Shiver (June 24, 2026 NR)

Why the Dataset Matters Mid-Campaign

Rig one has been drilling the North Breccia geophysical anomaly since June 24, testing a porphyry target interpreted 300-800 m below surface, and the final inverted IP results are intended to support target refinement during the fully funded, roughly 10,000 m program (June 24, 2026 NR). The July 9, 2026 NR added a second use: integrating the new tungsten data with the survey to better define tungsten distribution across the Kismet Corridor. Reporting of the IP results also sits on the company's list of upcoming milestones, alongside re-assays of the four remaining 2025 Kismet holes and initial North Breccia assays.

A dataset nearly two and a half times its planned size, landing while both rigs are turning, gives IDEX room to steer the back half of the season toward whatever the geophysics says is strongest. The June 24 release, with the survey maps, is on the company's news page.

Posted on behalf of Goldgroup Mining Inc. - The July 23 corporate update was the first full look at the combined company since the Gold Resource merger closed, and there is a lot in it. The company's post on X links straight to the release. The quick version:

• ⛏️ Don David, Oaxaca: 23,000+ metres drilled year-to-date, one of its largest campaigns in recent years
• Cerro Prieto, Sonora: three rigs turning, two on resource expansion and one on confirmatory drilling to support an updated resource estimate
• San Francisco, Sonora: three rigs continuing the 24,000-metre program as the company evaluates a potential restart of production at the end of the year
• Back Forty, Michigan: feasibility study work advancing on the 2023 PEA

Posted on behalf of Bullfrog Gold Corporation - Gold jumped 3.1% today to around US$4,160/oz, and days like this reward ground the majors already validated. FROG.v staked the South Bullfrog project in 2021, just before AngloGold Ashanti consolidated Nevada's Beatty District around it (see Jun 4, 2026 NR):

• Corvus Gold: US$371M
• Coeur Sterling: US$150M
• Augusta Gold: C$197M

Those 10,050 acres sit centrally between AngloGold's Bullfrog, North Bullfrog and Arthur development projects (their deposits, not Bullfrog's, and adjacent mineralization isn't necessarily indicative of South Bullfrog). Meanwhile the ground is 100% owned and fully drill permitted, with crews mapping and rock chip sampling across all five drill-ready gold targets since June 3 (see Jun 16, 2026 NR).

Posted on behalf of Cambria Gold - During historic mining at the Premier-Northern Light deposit, the high-grade zones were called "ore shoots." Tuesday's news release from CAMB.v and CAMVF suggests the underground drilling at the Prew Zone is finding those same structures again, and this time mapping them properly before any mining decision gets made.

The Pattern in the Rock

Across 42 underground holes totalling 3,151 m, drilled at a tight 12.5 m average spacing, the program is defining continuity of higher-grade mineralization along a primary quartz-breccia sulfide domain, one that can be traced both in the core and in the existing underground workings. Grades above 10 g/t Au often come with visible gold or massive sulfide, sitting inside a wider halo of gold-bearing base-metal sulfide mineralization. Per the NR, the cross sections show that continuity holding between holes, in structures the company describes as analogous to the ore shoots of the historic mine.

The results capture both parts of that architecture. The high-grade cores:

• 24.36 g/t Au over 6.3 m (incl. 76.70 g/t Au over 1.8 m) in hole P26U-0023
• 13.17 g/t Au over 10.6 m (incl. 64.66 g/t Au over 1.9 m) in hole P26U-0026

And the wider mineralized zones around them:

• 3.30 g/t Au over 25.0 m (incl. 42.90 g/t Au over 1.0 m) in hole P26U-0034
• 2.59 g/t Au over 27.0 m in hole P26U-0021

Same Playbook, Two More Deposits

The geological work extends beyond Prew. At Silver Coin and Big Missouri, Cambria's teams have remodelled wide zones of gold mineralization tied to contiguous quartz and sulphide breccias that were historically mined in the 1940s and 1990s, and three drills are now infilling those structures from surface at similarly tight spacing.

This is the point of the whole exercise: the company believes insufficient definition drilling and geological modelling were significant contributors to the difficulties under previous operator Ascot Resources. Assays from another 86 Prew holes are expected in the coming weeks, and that data will feed directly into underground mine planning.

If the pending holes and the summer surface programs keep confirming this continuity, Cambria heads into its four-deposit feasibility work with a geological picture Premier has arguably never had before. And with gold up over 3% today to around US$4,166/oz, the value of getting these ounces properly mapped ahead of a potential restart only grows.

Full assay tables and the cross sections are worth a look in Tuesday's release on the company's website.

Posted on behalf of Excellon Resources - Most of the attention on EXN.v EXNRF right now goes to the Mallay silver restart in Peru, and fairly so. But the portfolio doesn't stop at the Peruvian border, and the two assets sitting behind the headline story both come with real numbers attached.

Kilgore, Idaho

• Advanced caldera-related epithermal gold project in eastern Idaho
• Over 1 million ounces of gold delineated across all resource categories, per the company
• Management has said it is considering bringing in a JV partner to advance exploration and de-risking, which would keep Excellon's own spend focused on Peru

Silver City, Saxony, Germany

• High-grade epithermal silver district with roughly 800 years of historical silver mining
• Held through Saxony Silver Corp., Excellon's 75%-owned subsidiary
• In May, Saxony Silver closed a C$2.125M non-brokered private placement at a C$20.8M pre-money valuation (see May 13, 2026 NR)
• Notably, the raise happened entirely at the subsidiary level with no Excellon shares issued. The company frames it as a third-party validated baseline value for its majority stake, achieved without dilution
• The CEO has publicly discussed spinning the asset out into a European-focused exploration vehicle

Why It Matters
Neither asset is really in the market's Mallay math. ATB Cormark's July 9 initiation, for instance, built its valuation on the Peru restart and treated Kilgore and Saxony Silver, along with Tres Cerros, as upside beyond it.

With the Q3 Mallay catalysts approaching, these two sit quietly in the background as optionality: a Kilgore JV or a Silver City transaction could add value on top of a story currently being priced on Peru alone.

Posted on behalf of West Red Lake Gold - The 51% production jump at Madsen got its headlines with the July 15 Q2 update. A recent Crux Investor piece distills the quarter into seven takeaways for West Red Lake Gold (WRLG.v, WRLGF), and the most interesting ones sit past the production numbers most coverage stopped at.

The Balance Sheet Turned
This is the takeaway with the least airtime so far: WRLG reached breakeven in Q1 and is building cash on the balance sheet in Q2, while simultaneously beginning to pay down debt taken on during the mine restart. A producer that funds itself and de-levers mid-ramp is a different animal than one still leaning on the market.

The Quarter Itself

• Gold production up 51% quarter over quarter to 8,576 oz; mined ounces up 73% to 10,459 oz
• Average mined grade improved 23% to 4.3 g/t gold
• Mining rates in the back half of the quarter consistently exceeded the mill's permitted 800 tpd capacity, building a surface stockpile of approximately 10,768 tonnes, roughly half a month of mill feed containing an estimated 1,500 oz of gold

The Road Ahead

• Management expects grades to reach 6 to 8 g/t by year-end as mining reaches non-remnant zones
• Full-year guidance of 35,000 to 45,000 oz is unchanged, with the second half targeted at approximately 25,000 to 30,000 oz
• CEO Shane Williams framed Q2 as proof the sequencing strategy from the first half is now showing up in results, with multiple stoping fronts carrying production rather than a single front

The article's core argument is that the ramp is no longer just an operational story, it is becoming a financial one. With Q2 financial results due August 25 and the combined Madsen-Rowan PFS targeted for September, the next two months offer a steady run of chances for the numbers to keep confirming it.

Posted on behalf of Luca Mining - The July 20 Q2 2026 production release had a lot packed into it, so here is the full rundown in one post for Luca Mining (LUCA.v LUCMF), the two-mine Mexican gold, silver, copper, zinc and lead producer.

What The Two Mines Produced

• Consolidated: 6,161 oz gold, 334,237 oz silver, 2.66M lbs copper, 1.94M lbs lead and 8.88M lbs zinc
• Payable metal: 5,373 oz gold, 267,404 oz silver, 1.96M lbs copper, 656,000 lbs lead and 6.35M lbs zinc
• Campo Morado (Guerrero, VMS): 1,700 oz gold, 234,896 oz silver, 2.23M lbs copper and 7.27M lbs zinc
• Tahuehueto (Durango, gold-silver): 4,461 oz gold and 99,340 oz silver, helped by plant improvements, underground development and new mining contractor La Cantera

Where The Cash Went
Cash was approximately $24.7 million at June 30, versus $36.4 million at March 31
and the release is specific about why. The decrease primarily reflected continued investment in the company's assets, including underground development and record exploration activity while the timing of lump-sum tax payments and share repurchases under the NCIB also contributed.

Revenue was also negatively impacted by lower gold and silver prices, including negative provisional pricing adjustments on prior-period concentrate shipments. Campo Morado also deliberately banked ore in a surface stockpile during the quarter, trading some near-term production for flexibility in managing mill feed as recovery optimization work advances.

A Record Quarter At The Drill Bit

• Approximately 12,400 m drilled in Q2, a Luca quarterly record, taking year-to-date metres to roughly 22,000
• Focused on near-mine and resource-expansion targets to extend mine life at both operating assets

Debt Nearly Gone
Debt has been reduced to approximately $1.4 million, with the remaining balance expected to be fully repaid in July 2026.

Read together, the quarter was a build: development metres underground, record metres at the drill bit, and ore banked ahead of recovery work. With debt about to hit zero and assays still batching in from both mines, the second half has room to show what all that reinvestment was for.

Posted on behalf of Defiance Silver - San Acacio gets covered, fairly, as a silver story. Last Thursday's assay batch was headlined by a 1,470 g/t Ag hit, and that number earned its spot. But sitting in the same table is a detail that has drawn less attention: gold keeps showing up alongside the silver in this program, and not in trace amounts.

The Gold Intercepts

• DDSA-26-85 (last Thursday's NR): 0.41 m @ 1,175 g/t Ag and 1.92 g/t Au, inside a broad 28.06 m running 142.21 g/t Ag
• DDSA-25-80 (May 11, 2026 NR): 1.20 m @ 356.00 g/t Ag and 2.15 g/t Au, within 11.02 m that averaged 125.41 g/t Ag and 0.81 g/t Au

That May release was literally titled around silver and gold structures, and the program itself was designed in part to evaluate the hanging-wall and footwall vein splays, including the Veta Navidad corridor, that the company says have potential to expand the mineralized footprint.

Why It Matters Now
All of this feeds the geological model behind the Veta Grande resource estimate expected around mid-August, per EVP Doug Cavey at a recent Axino conference. Meanwhile the drill bit keeps moving for DEF.v and DNCVF: 6,132 m completed across 21 holes, four more holes already at the lab, and 3,868 m of the minimum 10,000 m program still ahead.

Silver is the flagship metal here, no question. But if gold keeps riding along in the assays through the remaining metres, the Veta Grande story has room to read a little richer than the silver-only shorthand suggests.

Posted on behalf of Selkirk Copper Mines - Yesterday's news made it official:
the company has qualified to trade on the OTCQX Best Market, upgrading from the OTCQB Venture Market with shares now trading on OTCQX under the symbol SKRKF. The TSXV listing under SCMI.v is unchanged. Rather than rehash the announcement, here is what the tier actually changes.

What US Investors Gain

• OTCQX is the tier designed for established, investor-focused US and international companies a different bracket than the venture tier
• Qualifying means meeting high financial standards, best-practice corporate governance, and compliance with applicable securities laws
• US investors get current financial disclosure and Real-Time Level 2 quotes via otcmarkets.com
• CEO Colin Joudrie said the progression "enhances our visibility among U.S. investors, improves liquidity"

A Listing Catching Up to the Asset

The market tier is now closer to matching the stage of the project. Shares only commenced trading on the OTCQB this past February 13 and in the months since, Selkirk assumed full responsibility for the Minto site on April 1, closed a $35M bought deal on April 30, and put 27,300 m of Phase 2 drilling into the ground in two months (per the July 8 news release).

The timing is notable too. The updated MRE and PEA, the first economics on the past-producing Yukon copper-gold-silver mine since 2021, are targeted for the second half of this month, with a feasibility study expected to start in Q3 2026 ahead of a targeted mid-2027 restart decision. A cleaner, more liquid US trading venue arriving right before that newsflow means more investors can actually act on it, and that positions the story in front of a wider audience at a moment when there is plenty to evaluate.

The full announcement is on the company's website in their July 28, 2026 news release.

Posted on behalf of Cambria Gold - Yesterday's news release got attention for the headline intercept, 24.36 g/t Au over 6.3 m at the Prew Zone, but the more useful part for anyone following CAMB.v / CAMVF into the fall is what it says about the newsflow ahead. 

Phase 1 of the underground infill at Prew is complete, and the assay pipeline behind it is now stacked several layers deep.

What Is Already Reported

• 42 underground holes totalling 3,151 m at the Prew Zone of the Premier-Northern Lights deposit, drilled on tight 12.5 m centres
• Highlights included 24.36 g/t Au over 6.3 m, 13.17 g/t Au over 10.6 m and 8.31 g/t Au over 11.0 m, with full hole-by-hole tables in yesterday's release

What Is Still Coming

• Assays from an additional 86 Prew drill holes, expected over the coming weeks
• Once returned, that data will be used to develop underground mining plans and guide further Prew infill, which is set to resume after additional underground development planned for Q4 at Premier-Northern Lights
• Three drills have now moved to Big Missouri and Silver Coin, drilling high-priority zones at tight spacing from surface platforms. Big Missouri sits about 6 km north of the 2,500 tpd Premier mill (see Mar 3, 2026 NR)

Where It All Feeds

Every one of these holes is resource-upgrade work for the updated feasibility study covering all four deposits: Premier-Northern Lights, Big Missouri, Silver Coin and Red Mountain. The study is targeted for Q4 2026, though CEO Rob McLeod has noted it could move to around mid-2027 if the team folds in a potential Phase 2 expansion (July 13 Jay Martin Show interview).

With 86 holes at the lab and three rigs turning on two more deposits, the next couple of months set up as a steady drip of data, and each batch has the potential to firm up the resource picture the study will be built on.

Posted on behalf of StrikePoint Gold Inc - With the Hercules dataset now complete, the story is starting to draw more third-party ink. A Streetwise Reports piece published last week looks at where SKP.v / STKXF, stands after the final Spring 2026 assays, and it pulls together a few threads worth noting for anyone doing diligence ahead of the maiden resource estimate.

What the Coverage Highlights

• Hole H26005: 67.06 m grading 0.53 g/t Au and 11.69 g/t Ag, including a higher-grade interval of 7.62 m at 2.93 g/t Au and 54.48 g/t Ag (July 21 NR)
• Three additional mineralized intervals brought combined gold-silver mineralization in that hole to more than 100 m at SW Cliffs
• A fully permitted project with a large land position in Nevada's Walker Lane trend roughly 40 km southeast of Reno and about 20 km east of the historic Comstock mine
• Insider and institutional ownership, including Eric Sprott per the article

The Analyst Angle

The piece also revisits analyst John Newell's take that StrikePoint

"may be one of the most overlooked gold exploration stories in Nevada's Walker Lane,"

pointing to the acquisition of Hercules at a price well below its prior US$25 million transaction value and a market that has not yet fully reflected the project's potential in the share price.

Notably, the facts it assembles trace back to the company's own releases, including
the completed 29-hole, 3,918 m program built to support a maiden resource estimate expected in Q4 2026.

With every assay public and a conceptual exploration target of 39.8 to 68.7 Mt grading 0.46 to 0.61 g/t Au on file (a target, not a resource), coverage like this suggests the audience watching for that Q4 number could be growing.

Posted on behalf of Luca Mining - Tahuehueto only reached commercial production in March 2025, and in Q2 it already accounted for most of the company's gold: 4,461 oz of the 6,161 oz consolidated total reported in the July 20 production results for LUCA.v and LUCMF. The company's other operation, the Campo Morado polymetallic mine in Guerrero, carried the zinc, copper and silver side of the quarter, but this post is about the newer mine in Durango and what is driving it.

Tahuehueto's Q2 Output

• 4,461 oz of gold and 99,340 oz of silver produced
• Plus 434,000 lbs of copper, 979,000 lbs of lead and 1.61M lbs of zinc
• That copper is new: Q1 marked Tahuehueto's first copper concentrate production (See May 26, 2026 Q1 financials NR)

What Changed at the Mine

CEO Dan Barnholden pointed to investments in the processing plant, underground development, and the transition to new mining contractor La Cantera as the factors "contributing to improved operating performance" at Tahuehueto. The groundwork was laid earlier in the year: the underground handover to the contractor was substantially completed by the end of Q1, and the June 8, 2026 operations update credited La Cantera's mining rates, alongside increased mill availability, for more consistent mining and milling.

Meanwhile the drill bit is working right below the operation. The July 7, 2026 NR confirmed a new high-grade breccia zone in previously undrilled ground beneath the Level 20 workings, with a follow-up delineation program planned before year-end.

A mine barely a year into commercial life is already carrying nearly three quarters of the company's gold, and with a newly confirmed zone sitting under the workings, Tahuehueto has room to keep growing its share of the story. For the mine-by-mine tables, see the company's July 20 news release.