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Eric Sprott Doubles Down on Excellon: High-Grade Silver Restart Play with 10,000m Drill Program & Near-Term Cash Flow
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Eric Sprott Doubles Down on Excellon: High-Grade Silver Restart Play with 10,000m Drill Program & Near-Term Cash Flow

Posted on behalf of Excellon Resources Inc. - (TSXV: EXN | OTC: EXNRF) continues to see strong insider conviction as Eric Sprott adds to his position in the open market — even after participating in a recent $5M bought deal at $0.60 per share.

https://preview.redd.it/9rx88h0t4y0h1.png?width=1600&format=png&auto=webp&s=94a1b9919d538c2110dad1591c3e0bb23cdaba18

The buying comes as Excellon advances the commercial restart of the Mallay Silver-Lead-Zinc Mine in Peru, positioning the company for near-term cash flow leverage amid strengthening silver prices.

What differentiates Mallay

• Fully permitted, past-producing underground mine

• 100%-owned 600 tpd flotation plant on site

• Acquired from Buenaventura with ~US$115M in historical sunk capital

• Glencore offtake secured for lead and zinc concentrates

NI 43-101 Resource (April 8, 2026)

• 890 kt @ 420 g/t AgEq (12.01 Moz AgEq) Indicated

• 362 kt @ 344 g/t AgEq (4.00 Moz AgEq) Inferred

The mine plan outlines a pathway toward ~2 Moz AgEq annually, supported by modest restart capital and a 10,000-metre infill and extension drill program targeting mine life and throughput expansion.

Following a C$21.8M financing in March 2026, Sprott’s continued open-market purchases — bringing ownership to ~9.09% — signal sustained confidence at current valuation levels.

With infrastructure in place, secured offtake, compliant high-grade resources, and active drilling, Excellon presents a defined-scale silver restart story with operational leverage as the market tightens.

https://x.com/AllStreetsWolf/status/2054229247363879179

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u/Bay_Street_Press — 1 day ago
▲ 1 r/CanadaStocks

Spartan Metals Emerges as U.S. Critical Minerals Discovery Play, CEO Presenting at Critical Minerals Summit & Commodities Global Expos: Massive Tungsten-Moly Resource + PEA Catalyst at Just US$30M Market Cap

Posted on behalf of Spartan Metals Corp. - (TSXV: W | OTCQB: SPRMF | FSE: J03) will be presenting at several upcoming investor conferences as momentum builds around its U.S.-focused tungsten and molybdenum platform.

https://preview.redd.it/8jx1us86bs0h1.png?width=811&format=png&auto=webp&s=cfc251c333c0aafea17836b931519d79cbdc0ec2

Upcoming Appearances

• Critical Minerals Summit – Toronto (May 13–14)

CEO Brett Marsh presenting May 14 at 10:30 am ET

• Commodities Global Expo – Washington, DC (May 17–19)

• Commodities Global Expo – Fort Lauderdale (May 20–22)

Brett Marsh keynote speaker on the Critical Minerals Panel (May 22, 12:10 pm ET)

Why investors are paying attention

At ~US$30M market capitalization, Spartan controls one of the largest historic tungsten-molybdenum resources in the U.S. at its Victorio Project (New Mexico). A Preliminary Economic Assessment led by SRK Consulting is underway, targeting completion in early Q4 2026.

The updated PEA will evaluate:

• Refreshed mineral resources (W, Mo, Be, fluorite)

• Metallurgical flowsheet design

• Capital and operating cost estimates

• Commodity price sensitivity modelling

Spartan recently strengthened its balance sheet with a C$5.5M financing at C$0.55 per unit, positioning the company to advance Victorio and drill high-grade tungsten targets at its Eagle Project.

With China dominating global tungsten supply, secure U.S. sources are increasingly strategic. Spartan’s dual-track profile — large-scale Victorio plus higher-grade Eagle — aligns with growing institutional focus on domestic critical mineral supply chains.

Full conference details: https://spartanmetals.com/spartan-metals-announces-attendance-at-investor-conferences/

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u/Bay_Street_Press — 2 days ago
▲ 1 r/BreakoutStocks

Eric Sprott Doubles Down on Excellon: High-Grade Silver Restart Play with 10,000m Drill Program & Near-Term Cash Flow

Posted on behalf of Excellon Resources Inc. - (TSXV: EXN | OTC: EXNRF) continues to see strong insider conviction as Eric Sprott adds to his position in the open market — even after participating in a recent $5M bought deal at $0.60 per share.

https://preview.redd.it/vhd4h3hwas0h1.png?width=1600&format=png&auto=webp&s=95d857b61d7b9d73883096eea1211a8ddad4bafb

The buying comes as Excellon advances the commercial restart of the Mallay Silver-Lead-Zinc Mine in Peru, positioning the company for near-term cash flow leverage amid strengthening silver prices.

What differentiates Mallay

• Fully permitted, past-producing underground mine

• 100%-owned 600 tpd flotation plant on site

• Acquired from Buenaventura with ~US$115M in historical sunk capital

• Glencore offtake secured for lead and zinc concentrates

NI 43-101 Resource (April 8, 2026)

• 890 kt @ 420 g/t AgEq (12.01 Moz AgEq) Indicated

• 362 kt @ 344 g/t AgEq (4.00 Moz AgEq) Inferred

The mine plan outlines a pathway toward ~2 Moz AgEq annually, supported by modest restart capital and a 10,000-metre infill and extension drill program targeting mine life and throughput expansion.

Following a C$21.8M financing in March 2026, Sprott’s continued open-market purchases — bringing ownership to ~9.09% — signal sustained confidence at current valuation levels.

With infrastructure in place, secured offtake, compliant high-grade resources, and active drilling, Excellon presents a defined-scale silver restart story with operational leverage as the market tightens.

https://x.com/AllStreetsWolf/status/2054229247363879179

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u/Bay_Street_Press — 2 days ago
▲ 1 r/Penny_Stocks_Canada

Toogood Gold Emerges as Multi-Jurisdictional Discovery Play: High-Grade Undrilled Nevada Veins + Massive Newfoundland Land Package

Posted on behalf of Toogood Gold Corp. - (TSXV: TGC | OTCQB: TGGCF | FSE: D3P) is evolving from a single-asset explorer into a multi-jurisdictional gold discovery story, with high-impact projects in Nevada and Newfoundland.

https://preview.redd.it/jc7nugpnas0h1.png?width=544&format=png&auto=webp&s=43e64f66fd4e640a4a019cfff19b9acd5745ff2f

In a recent interview, CEO Colin Smith outlined how the LOI on the Table Mountain Project in Nevada materially reshapes the company’s trajectory .

Why Table Mountain Matters

• High-grade, surface-exposed epithermal veins with no prior drill testing

• District-scale alteration footprint comparable to major Nevada gold camps

• 184 BLM claims with streamlined permitting (notice-level permits; weeks, not years)

• Maiden discovery-focused drill program targeted for Q3 2026

Phase 1 will cover LiDAR, mapping, and systematic geochemistry & geophysics.

Management views the Nevada addition as transformative—creating a dual-track exploration strategy in two premier gold jurisdictions .

In Newfoundland, Toogood controls over 164 km² along a fertile structural corridor, with systematic groundwork advancing toward the next phase of drilling .

With district-scale land positions, clear permitting pathways, and discovery drilling on the horizon, Toogood Gold is positioning itself for a catalyst-rich 12 months ahead.

Full interview: https://www.youtube.com/watch?v=rMr5MfLrpqo

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u/Bay_Street_Press — 2 days ago
▲ 1 r/MiningStocksCanada

Defiance Silver Hits High-Grade Silver-Gold in Aggressive 10,000m Drill Program – Advancing Major Resource Expansion at Zacatecas

Posted on behalf of Defiance Silver Corp. - (TSXV: DEF | FSE: D4E) reported additional high-grade silver and gold results from its 10,000-metre drill program at the Zacatecas Project, further refining the Veta Grande structural model ahead of an updated Mineral Resource Estimate.

Headline Intercepts

• 1.20m of 356 g/t Ag and 2.15 g/t Au, within 11.02m grading 125.41 g/t Ag and 0.81 g/t Au

• 2.14m of 111.12 g/t Ag, including 0.68m of 208 g/t Ag

• 2.63m of 111.32 g/t Ag, including 0.26m of 543 g/t Ag

The latest results (1,486m reported; 4,039m completed to date) confirm structural continuity within the Veta Grande system and validate key aspects of the geological model across the NW, Central, and SE fault-bounded blocks.

Drilling has demonstrated well-developed vein systems at depth in the SE Block, confirmed historical intercepts through twinning, and identified high-grade mineralization within hanging wall splays.

With structural segmentation better defined and high-grade shoots emerging within targeted zones, Defiance continues to systematically build technical confidence in the San Acacio resource area.

Full drill details and geological context: https://www.reddit.com/r/PennyStocksCanada/comments/1taig7e/highgrade_silvergold_hits_defiance_silver_tsxv/

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u/Bay_Street_Press — 2 days ago
▲ 1 r/PennyStocksCanada

Kodiak Copper (TSXV: KDK) Spins Out Teck-Backed Arizona Copper-Silver Porphyry Play – New Kay Copper Corp. Launches with $5M Treasury & Drill-Ready Targets

Posted on behalf of Kodiak Copper Corp. - and Teck Resources Limited have announced plans to unlock value through the formation of a new Arizona-focused copper explorer, Kay Copper Corp.

The proposed spin-out will combine Kodiak’s Mohave copper-molybdenum-silver porphyry project with Teck’s Copper Hill project, creating a dedicated vehicle to advance domestic U.S. copper exploration.

Transaction Highlights

• Kodiak and Teck will each hold 28% equity stakes in Kay Copper

• NewCo to be initially capitalized with $5 million to commence drilling

• Targeting a TSX Venture Exchange listing in early Q3

• Teck retains offtake rights on both projects

Teck’s decision to maintain equity ownership and secure offtake rights signals strategic confidence in the long-term potential of the assets.

As CEO Claudia Tornquist stated, the timing reflects a favorable backdrop for U.S. copper exploration:

“Now with the market very favourable for domestic copper exploration in the US, we thought the time is right to monetise that asset or crystallise the value for our shareholders.”

The Assets

Mohave (Arizona) sits near the producing Bagdad mine and hosts historical drilling (2011–2012) that intersected low-grade copper suggestive of a larger porphyry system.

Copper Hill benefits from Teck’s prior investment in geochemistry, structural mapping, and ground and airborne geophysics, with multiple drill-ready targets identified in a prolific Arizona district near major deposits including Christmas and Resolution.

Chairman Chris Taylor noted the exploration thesis:

“We're looking for the ability to go in follow up on the existing data and have that potential to make a transformative discovery…”

Strategic Rationale

• Unlocks value from a dormant asset without diluting Kodiak’s focus on MPD

• Provides equal institutional anchor ownership from day one

• Positions Kay Copper in a premium U.S. jurisdiction amid rising domestic copper demand

• Establishes near-term drill catalysts with deeper porphyry targets offering scale upside

In a market increasingly focused on critical mineral security and U.S. supply chains, Kay Copper represents a structured, well-capitalized vehicle designed to advance two prospective Arizona porphyry systems with strong institutional backing.

https://www.cruxinvestor.com/posts/kodiak-plans-to-unlocks-value-through-teck-backed-copper-spin-out

u/Bay_Street_Press — 2 days ago
▲ 1 r/BreakoutStocks

Argentina Ignites Copper Boom: Kobrea Exploration (KBX) Drills High-Grade Porphyry Targets in a $40B+ Pipeline

Posted on behalf of Kobrea Exploration Corp. - Argentina is re-emerging as a strategic mining jurisdiction, with copper at the center of a projected $40B+ development pipeline.

Policy reform under President Javier Milei the introduction of the RIGI investment regime have repositioned the country as a competitive destination for large-scale capital.

Copper dominates the outlook. Argentina holds an estimated 44Mt of copper reserves and is targeting top-10 global producer status by 2035.

Major projects advancing include:

• Los Azules (backed by McEwen Copper)

• Taca Taca (First Quantum)

• El Pachon and Agua Rica (Glencore)

At the same time, Argentina remains a core player in the Lithium Triangle, with output projected to expand materially over the next decade.

Risks remain real. Provincial control over resources, environmental opposition, water concerns, and permitting variability can materially affect timelines and economics.

Analysts emphasize that success depends less on macro headlines and more on execution at the provincial level—permits, infrastructure, community alignment, and disciplined development plans.

Against this backdrop, explorers are moving forward. Kobrea Exploration Corp. (CSE: KBX | OTCQB: KBXFF | FSE: F3I) is drilling the El Perdido copper-gold-moly system in Mendoza across a 733 km² land package.

Early drilling has confirmed:

• Preserved supergene chalcocite enrichment beneath a leached cap

• Potassic alteration with pyrite-chalcopyrite-molybdenite stockwork veining

• A mineralized porphyry system consistent with its geological model

Four initial holes have been completed (up to 662m depth), assays are pending, and step-out drilling is underway to define scale.

Next Steps

• Major Drilling in Argentina has commenced DD26ELP005 to complete the depth objective of hole 004

• Construction of a third drill pad is underway to test the southwestern extent of the porphyry system

• The company intends to advance drilling as aggressively as possible ahead of the winter season

Argentina’s mining revival reflects a rare convergence of geology, policy reform, and global supply pressure. The opportunity is substantial—but project selection and jurisdictional execution remain decisive.

https://www.mining.com/argentina-mining-revival-fuels-40b-copper-push/

u/Bay_Street_Press — 6 days ago
▲ 1 r/BreakoutStocks

IDEX Launches 37 Line-km IP Survey Chasing Large Copper-Molybdenum Porphyry Target at Freeze – Drilling Set for May in Idaho Copper Belt

Posted on behalf of IDEX Metals Corp. - (TSXV: IDEX | OTCQB: IDXMF) has commenced its 2026 exploration season at the Freeze Property with a 37 line-kilometre Induced Polarization (IP) survey over the Kismet–North Breccia–Frostfall trend, known as the Kismet Corridor.

The IP program is designed to define near-surface structures and alteration zones, providing high-resolution targeting ahead of a planned May 2026 drill campaign. Survey lines oriented NW–SE will test the geometry, depth, and continuity of mineralization across the full strike length of the corridor.

This work builds directly on 2025 results, where prior IP and magnetotelluric data identified a large conductive body beneath North Breccia — coincident with a molybdenum-tellurium soil anomaly. Together, these datasets point toward a buried intrusive source consistent with a copper-molybdenum porphyry system.

2026 Drill Program

Drilling is expected to begin in May following IP interpretation. The program will target:

• The interpreted intrusive centre beneath North Breccia and Kismet

• The pyrite-rich sulphide shell intersected in 2025 (including hole KSMT25006)

• Expansion into the projected copper-molybdenum core

• Depth continuity and grade beneath North Breccia

Highlight Intercept:

Drillhole KSMT25002 — Kismet Tourmaline Breccia target, Freeze Project, Idaho

101 m @ 1.02% Cu (high-grade core)

Concurrent Surface Campaign

Alongside drilling, IDEX will conduct expanded soil sampling, rock sampling, and geological mapping across Frostfall, Devils Slide, Shiver, Shine, Coldsnap, and Olive Creek — strengthening the broader geological model of the Freeze Property within the Idaho Copper Belt.

The 2026 IP survey is a targeted de-risking step designed to refine drill collar placement and maximize exploration efficiency. With geophysical, geochemical, and drilling data converging on a high-priority porphyry target, IDEX is advancing Freeze with a systematic, data-driven approach into an active field season.

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u/Bay_Street_Press — 7 days ago
▲ 5 r/BreakoutStocks+4 crossposts

Copper’s Stealth Bull Market Accelerates: Midnight Sun Mining (MMA) Advances Large-Scale Drill Program at Dumbwa Copper Target

Posted on behalf of Midnight Sun Mining Corp. - Copper may be the quiet out-performer in 2026.

While investor attention has centered on geopolcenter energy volatility, and precious metals corrections, copper has been advancing in what many describe as a stealth bull market, recently posting new weekly closing highs.

Why it matters

According to reporting cited by European Business Magazine, roughly half of planned U.S. data center projects for 2026 could face delays or cancellations due to grid capacity constraints. Of approximately 140 large-scale projects (~12 GW), only a third are currently under construction.

The bottleneck is not demand — it is infrastructure.

High-power transformers, switchgear, and grid components now face delivery timelines stretching up to five years. A single 500 kVA transformer can contain 290–360 kg of copper; a 1000 kVA unit can require over 600 kg. Scaling grid upgrades across AI-driven data center demand implies substantial incremental copper consumption.

The structural implication: grid modernization may become one of the dominant drivers of copper demand this decade.

Exploration Leverage: Midnight Sun Mining

Midnight Sun Mining Corp. (TSXV: MMA | OTCQB: MDNGF) remains one example of exploration leverage to this theme.

Recent highlights from Haywood Securities coverage:

• 4 drill rigs active at Dumbwa; ~5.3 km of strike drilled to date

• Hole #200 recently collared

• 29 holes pending results; 46 additional holes in assay process

• Targeting a ~12 km by 400 m mineralized footprint

Haywood estimates a potential 4Q26 initial resource based on ~8 km of strike, suggesting scale in the range of ~700 Mt grading 0.4–0.5% Cu to ~175 m depth (analyst estimate).

In parallel, Midnight Sun is advancing discussions around a potential sale of the Kazhiba oxide copper deposit (72.3M lbs Cu Indicated), located near the Kansanshi SX-EW facility.

With ~$23.5M cash and additional in-the-money warrants, the company is funded into what could be a catalyst-heavy second half of 2026.

The Broader Thesis

If grid expansion becomes a structural constraint to AI growth, copper demand may accelerate faster than supply can respond. Exploration and development companies with scale potential in stable jurisdictions could benefit disproportionately.

Copper is not yet commanding the headlines — but the fundamentals are increasingly difficult to ignore.

https://www.streetwisereports.com/article/2026/05/04/are-copper-stocks-poised-for-big-gains-amid-global-grid-crisis.html

u/Bay_Street_Press — 3 days ago
▲ 3 r/BreakoutStocks+2 crossposts

Defiance Silver (TSXV: DEF) interview summary: Early-Stage Silver Upside at San Acacio – Updated Resource, Drill Permits & Multi-Commodity Portfolio in Top Mexican Districts

Posted on behalf of Defiance Silver Corp. - is advancing a diversified, multi-asset strategy across silver, gold, and copper, designed to maximize shareholder returns while preserving strategic flexibility.

The Company’s near-term focus is an updated resource at Santa Casiro, supported by internal development studies. Across the broader portfolio, Defiance is systematically de-risking assets to create multiple value pathways — including joint ventures, asset sales, or potential development decisions.

On the copper front, Tepal (~1B lbs Cu) anchors a longer-term growth strategy, with additional pipeline depth from the Green Earth Metals assets. Recent permitting progress strengthens development visibility.

Operating in established Mexican districts such as Zacatecas, Defiance benefits from strong jurisdictional fundamentals amid ongoing sector consolidation.

With resource updates, technical studies, and advancing copper and silver strategies underway, Defiance is positioning itself as an M&A-ready platform aligned with tightening global supply dynamics.

Full breakdown: https://www.reddit.com/r/Penny_Stocks_Canada/comments/1t3w71a/defiance_silver_ignites_earlystage_silver_upside/

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u/Bay_Street_Press — 6 days ago
▲ 3 r/Wealthsimple_Penny+1 crossposts

Posted on behalf of Heliostar Metals Ltd. - (TSXV: HSTR | OTCQX: HSTXF | FSE: RGG1) Recently delivered exceptional high-grade results from the High Grade Panel at its 100%-owned Ana Paula project in Guerrero, Mexico.

Key Intercepts

• 69.totaling0.09 g/t Au from 93.0 m

• 43.8 m @ 13.9 g/t Au, including 19.85 m @ 22.5 g/t

• 30.65 m @ 11.3 g/t Au, including 14.1 m @ 22.1 g/t

• 28.95 m @ 11.2 g/t Au

These broad, high-grade intervals confirm the continuity of mineralization within the High Grade Panel and support the conversion of inferred material into higher-confidence categories.

Program Overview

To date, 88 holes totaling 31,184 metres have been completed in the 2025–26 drill campaign. The program is focused on:

• Converting inferred ounces within the planned underground mine

• Supporting the ongoing Feasibility Study

• Expanding mineralization at depth and along strike

• Testing the Expansion Zone and deeper down-plunge targets

Fourteen additional holes from the High Grade Panel are currently awaiting assays.

Strategic Context

The High Grade Panel continues to demonstrate thick, consistent, high-margin gold mineralization controlled by an interpreted east-west structure. Infill drilling is being integrated with geotechnical, hydrogeologic, and metallurgical data collection to accelerate inclusion in the 2027 Feasibility Study.

Management’s objective is to expand beyond the nine-year, ~100,000 oz/year production profile outlined in the November 2025 Preliminary Economic Study and position Ana Paula for production in 2028 — a key milestone toward Heliostar’s longer-term 500,000 oz/year growth strategy.

Consistent double-digit gram gold over substantial widths reinforces Ana Paula’s status as a high-grade underground development project. With drilling ongoing and further results expected in May, the Company continues to de-risk and strengthen the foundation for its upcoming Feasibility Study.

https://www.newsfilecorp.com/release/293813

u/Bay_Street_Press — 7 days ago
▲ 3 r/Pennystocksv2+1 crossposts

Posted on behalf of Kenorland Minerals Ltd. - Atrium Research has initiated coverage on Kenorland Minerals Ltd. (TSXV: KLD | OTCQX: KLDCF) with a BUY ratotaledd a $4.00/share target price.

https://preview.redd.it/yueekxvl5lzg1.png?width=1172&format=png&auto=webp&s=e21aa0bcb7a80d1dda1aeac96dd72f372a1e2761

Investment Thesis

Kenorland operates a differentiated project generator model, combining exploration partnerships, royalty exposure, equity interests, and selective sole-funded exploration. The strategy provides multiple discovery opportunities while limiting capital risk.

Core Assets

•⁠ ⁠4% NSR on the Frotet Project (Quebec) – Hosts a maiden inferred resource of 2.55 Moz Au at 5.47 g/t, owned by Sumitomo Metal Mining Canada. Since discovery, 127,000+ metres have been drilled across 289 holes.

•⁠ ⁠South Uchi Project (Ontario, Red Lake District) – 30% free-carried interest to PEA, plus a 2% NSR royalty and equity exposure to partner Auranova Resources.

•⁠ ⁠Additional discovery-stage assets optioned to Centerra Gold in Ontario.

Financial Position

Kenorland holds approximately $15M in cash, $18.3M in investments, and negligible debt. In 2025, partner-funded exploration totaled $35.8M, with an additional $11.4M in sole-funded programs — providing exposure to ~2.3M hectares of mineral tenure across North America.

Management and insiders own ~24%, with strategic shareholders including Sumitomo (10.1%) and Centerra Gold (9.9%).

The royalty and equity-backed model preserves upside to metal prices without direct exposure to operating cost inflation, while management fees help offset G&A. With ongoing exploration at Frotet and South Uchi, plus continued option payments and drilling activity, Kenorland maintains multiple catalysts.

Atrium’s initiation underscores the company’s track record of grassroots discoveries and its scalable, capital-efficient approach to exploration.

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u/Bay_Street_Press — 7 days ago
▲ 6 r/Wealthsimple_Penny+4 crossposts

Posted on behalf of Luca Mining Corp. - (TSX-V: LUCA | OTCQX: LUCMF) continues to expand high-grade mineralization at its Tahuehueto gold-silver mine in Durango, Mexico, intersecting 6.8 metres of 5.54 g/t AuEq, including 1.0 metre of 22.35 g/t AuEq, proximal to existing underground workings

Near-Mine High-Grade Expansion – Creston Vein

Recent surface drilling confirmed continuity of breccia-hosted mineralization below current mine levels:

• 6.8 m @ 5.54 g/t AuEq (incl. 1.0 m @ 22.35 g/t AuEq)

• 4.5 m @ 4.50 g/t AuEq (incl. 2.6 m @ 5.59 g/t AuEq)

• 2.5 m @ 3.57 g/t AuEq

Mineralization extends 10–70 metres below Level 23 and remains within development distance of existing infrastructure, supporting potential inclusion in near-term mine plans

El Rey Target Re-Emerges

At the historically unmined El Rey vein, drilling returned:

• 3.3 m @ 3.04 g/t AuEq (incl. 1.0 m @ 7.48 g/t AuEq)

This zone had not been mined since 1983 and had not been drill-tested in over 20 years, underscoring broader property-scale upside

2026 Exploration Program

Tahuehueto hosts an epithermal gold-silver system with ~11 km of known vein strike length. Only ~4.5 km are currently incorporated into the mineral resource model, while at least 14 additional prospective veins remain underexplored.

The 2026 campaign represents the first substantive drilling in more than 12 years and is designed to:

• Expand near-term mineable resources

• Define vertical and lateral extent of mineralization

• Identify thick, high-grade breccia zones

• Test under explored vein systems

Three drill rigs are currently active on site, reflecting an expanded exploration budget and focus on accelerating resource growth

High-grade intercepts proximal to workings, confirmation of continuity in unmined zones, and renewed success at El Rey reinforce Tahuehueto’s potential to add near-term ounces while unlocking district-scale upside across more than 11 km of prospective vein structures.

https://lucamining.com/

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u/Bay_Street_Press — 6 days ago
▲ 3 r/PennyStocksCanada+1 crossposts

Posted on behalf of Pacific Ridge Exploration Ltd. - (TSXV: PEX | OTCQB: PEXZF | FSE: PQW) has outlined its 2026 drilling plans for the 100%-owned Kliyul and RDP copper-gold projects in British Columbia — two large-scale porphyry systems in prolific mining belts.

Kliyul – Resource Expansion & New Targets

Located in the Quesnel Terrane, Kliyul hosts a significant Inferred resource at the Kliyul Main Zone (KMZ):

• 2.42B lbs CuEq (5.7M oz AuEq) Inferred

• 334.1 Mt @ 0.33% CuEq

2025 drilling returned 289.0m @ 0.77% CuEq (0.26% Cu, 0.75 g/t Au, 1.54 g/t Ag).

2026 Focus:

• Expand the KMZ resource footprint

• Drill high-priority targets along a 6 km porphyry trend

• Test geophysical and geochemical anomalies at Klip, KCC, and M39

Targets are supported by coincident magnetic, IP-chargeability, resistivity anomalies and copper-gold skarn occurrences — classic vectors toward porphyry centers.

RDP – High-Grade Discovery

Follow-Up

Located in the Golden Horseshoe at the southern end of the Toodoggone District, RDP delivered one of B.C.’s strongest porphyry intervals in 2025:

• 112.2m @ 1.35% CuEq (0.76% Cu, 0.86 g/t Au, 3.16 g/t Ag)

2026 exploration will include:

• High-resolution magnetics and magnetic vector inversion

• Additional IP surveys

• Drilling the interpreted porphyry centre between eastern and western magnetic lobes

• Further delineation of the 2025 western lobe discovery

Strategic Focus

Pacific Ridge has elected to terminate its Chuchi option agreement to concentrate capital and technical resources on Kliyul and RDP.

Kliyul offers large-scale resource expansion potential in a proven porphyry belt, while RDP presents a high-grade discovery opportunity in one of Canada’s most active districts. With systematic geophysical targeting and follow-up drilling planned, Pacific Ridge is advancing two district-scale copper-gold systems into the 2026 field season.

https://www.newsfilecorp.com/release/292091

u/Bay_Street_Press — 7 days ago
▲ 6 r/PennyCatalysts+2 crossposts

Posted on behalf of Sierra Madre Gold and Silver Ltd. - (TSXV: SM | OTCQX: SMDRF) reported audited Q4 and full-year 2025 results, marking its first full year of production following the restart of La Guitarra.

FY2025 Highlights

• Net revenue US$24.96M

• Net income of US$8.13M (US$0.05/share), including a US$6.1M tax recovery

• Adjusted EBITDA of US$6.03M (vs. -US$1.99M in 2024)

• Cash from operations of US$4.09M

• Year-end cash and short-term investments of US$17.3M

Operationally, the Company sold 271,204 oz silver and 4,041 oz gold (628,196 AgEq oz) in 2025, with head grades improving sequentially through each quarter

Q4 2025 Momentum

• Net revenues increased 40.5% QoQ to US$8.32M

• Gross profit rose to US$3.72M (vs. US$2.10M in Q3)

• 40,869 tonnes milled; 68,296 oz silver and 1,050 oz gold produced

Growth & Expansion

La Guitarra’s two-phase expansion is underway:

• Phase 1 (targeting 750–800 tpd) expected online by end of Q2 2026

• Phase 2 (1,200–1,500 tpd capacity) targeted by Q3 2027

Higher-grade production centers at Coloso and Nazareno continue ramping, with Nazareno transitioning to long-hole mining and expanded underground development

The pending acquisition of the Del Toro mine and a concurrent CAD$57.5M financing further strengthen the Company’s growth profile

Outlook

Management anticipates continued grade improvements and lower unit costs as expansion efficiencies take hold in 2026

2025 was a transformational year for Sierra Madre: a successful restart, improving quarterly performance, positive earnings, and a funded pathway to expansion. With capacity growth, exploration drilling planned for H2 2026, and Del Toro expected to close, the Company enters 2026 positioned for operational and production scale-up.

https://www.newsfilecorp.com/release/294717

u/Bay_Street_Press — 7 days ago
▲ 5 r/SmallCapStocks+1 crossposts

Posted on behalf of Luca Mining Corp. - (TSX-V: LUCA) CEO Dan Barnholden joined VSA Capital’s Ollie O’Donnell to discuss FY25 results, Q1 2026 production, and the roadmap through 2027.

Setting the Stage

Luca marks one year as a multi-mine operator, with FY25 and Q1/26 results underscoring a material financial turnaround

FY25 Transformation vs FY23

• Q4 generated >US$20M in free cash flow

• FY25 year-end cash: ~US$25.5M

• Q1 2026 cash: ~US$36.5M

• Debt reduced from ~US$30M (FY23) to ~US$1.4M, with full repayment expected this quarter

A near mirror-image balance sheet shift in two years.

Exploration Through 2027

• US$7.5M drill budget in 2026

• Three-year, US$25M exploration plan

• Six rigs turning across both assets

• Silver stream expected to materially reduce by late 2027/early 2028, unlocking incremental cash flow

Debt-Free & Cash Accretive

Management emphasizes cash growth as the core performance metric — with no equity raise on the horizon

Share Price vs Commodity Leverage

Despite zinc, copper, gold, and silver strength, management believes LUCA’s operational cash generation is not yet reflected in the share price

Accounting Loss vs Operational Profitability

The reported net loss was largely driven by accounting treatment of the silver stream. Operationally, Tahuehueto remains cash generative, with ~700,000 oz remaining on the stream

Shareholder Value Actions

A structured silver call strategy in Q1 crystallized >US$3M in gains, directly enhancing the cash balance

Cost Optimization:

Tahuehueto

• New COO appointed

• Throughput record: 1,350 tpd (nameplate 1,200 tpd)

• Improving grade consistency (~4 g/t AuEq)

• Near-mine higher-grade intercepts identified

Cost Optimization: Campo Morado

• Metallurgical recovery improvements underway

• New PhD metallurgist hired

• Expansion study targeting improved gold and silver recovery in H2 2026

Exploration Acceleration

Six drills turning across both mines aim to extend mine life, grow resources, and potentially improve grade profiles

Newsflow Through 2027

2026 focus:

• Aggressive exploration

• Campo Morado expansion initiatives

• Ongoing cash growth

• Active M&A targeting a potential third asset

FY25 repositioned Luca from leveraged developer to cash-generating multi-asset producer. With debt nearly eliminated, exploration fully funded, cost optimization underway, and silver stream relief approaching by 2027, management is focused on compounding cash flow and expanding the platform.

https://www.youtube.com/watch?v=c-JP8bU3HXE&t=1s

u/Bay_Street_Press — 7 days ago