u/NazzDaxx

Posted on behalf of Millennial Potash Corp. - Millennial Potash Corp. (Ticker: MLP.v or MLPNF for US investors) recently increased its ownership in Equatorial Potash to 80% following a milestone payment to the vendors of the Banio Potash Project in Gabon.

Equatorial Potash, through its subsidiary Mayumba Potasse, maintains full ownership of the Banio Project.

Updated Resource and Milestone Trigger
The latest ownership increase follows the filing of an updated Mineral Resource Estimate technical report for Banio dated December 29, 2025. The report outlines:

• Measured Resources: 648.2M tonnes grading 15.7% KCl
• Indicated Resources: 1.8B tonnes grading 15.6% KCl
• Inferred Resources: 3.56B tonnes grading 15.6% KCl

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Path to 100% Ownership
With its interest now at 80%, Millennial retains the option to acquire the remaining 20% of Equatorial Potash. This is contingent on completing a Definitive Feasibility Study (DFS) and issuing additional cash and share payments upon its filing.

The DFS and Environmental and Social Impact Assessment (ESIA) workstreams are currently underway, with completion targeted by the end of 2026.

Upon finalizing the DFS and satisfying remaining payment obligations, the Company expects to advance to full ownership of the project, supporting its planned Mining License application targeted for early 2027.

Project Overview and Market Context
Located along the southern coastline of Gabon, the Banio Project represents a large-scale potash development. The project benefits from planned, government-supported infrastructure, including a port and power facility, which positions it to potentially supply fertilizer to global markets through a solution-mining operation.

Rising global food demand, combined with a concentrated and limited potash supply base, continues to support the long-term strategic relevance of projects such as Banio.

Posted on behalf of Millennial Potash Corp. - Millennial Potash Corp. (Ticker: MLP.v or MLPNF for US investors) recently increased its ownership in Equatorial Potash to 80% following a milestone payment to the vendors of the Banio Potash Project in Gabon.

Equatorial Potash, through its subsidiary Mayumba Potasse, maintains full ownership of the Banio Project.

Updated Resource and Milestone Trigger
The latest ownership increase follows the filing of an updated Mineral Resource Estimate technical report for Banio dated December 29, 2025. The report outlines:

• Measured Resources: 648.2M tonnes grading 15.7% KCl
• Indicated Resources: 1.8B tonnes grading 15.6% KCl
• Inferred Resources: 3.56B tonnes grading 15.6% KCl

https://preview.redd.it/vxrx43bptfwg1.jpg?width=940&format=pjpg&auto=webp&s=d78ca556597ea9a2378678afcb096ec883ae4269

Path to 100% Ownership
With its interest now at 80%, Millennial retains the option to acquire the remaining 20% of Equatorial Potash. This is contingent on completing a Definitive Feasibility Study (DFS) and issuing additional cash and share payments upon its filing.

The DFS and Environmental and Social Impact Assessment (ESIA) workstreams are currently underway, with completion targeted by the end of 2026.

Upon finalizing the DFS and satisfying remaining payment obligations, the Company expects to advance to full ownership of the project, supporting its planned Mining License application targeted for early 2027.

Project Overview and Market Context
Located along the southern coastline of Gabon, the Banio Project represents a large-scale potash development. The project benefits from planned, government-supported infrastructure, including a port and power facility, which positions it to potentially supply fertilizer to global markets through a solution-mining operation.

Rising global food demand, combined with a concentrated and limited potash supply base, continues to support the long-term strategic relevance of projects such as Banio.

Posted on behalf of Mayfair Gold Corp. - Yesterday, Mayfair Gold (MFG.v MINE) announced the completion of a small private placement with its CFO, signaling insider alignment as the company continues advancing its Fenn-Gib project in Ontario.

Private Placement 

• CFO Kevin Annett purchased 58,000 shares at C$4.38/share
• Total proceeds: ~C$254K
• To fund ongoing advancement of the Fenn-Gib gold project

Fenn-Gib Project Overview & Strategy

• 100%-owned gold project in the Timmins region, Ontario
• Targeting construction decision in 2028 and first production in 2030
• PFS economics:
  • NPV: ~$1.37B
  • IRR: ~38%
  • Initial capex: ~C$450M
• Ongoing work: permitting, engineering, and stakeholder engagement

District-scale growth strategy

• Acquired Guibord, Marriott, and Holloway properties for C$2.5M
• Land package expanded by >65% along the Porcupine-Destor Fault Zone
• Adds near-mine exploration upside within trucking distance
• Potential to enhance production scale and project economics

Overall, the insider investment reinforces management conviction as Mayfair advances Fenn-Gib through development, while simultaneously building a broader district-scale platform to enhance long-term production potential and project economics.

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Posted on behalf of Tiger Gold Corp. - Yesterday, Tiger Gold (TIGR.v TGRGF) announced assay results from 6 drillholes from its ongoing, three rig diamond drilling campaign at the Tesorito Deposit.

Ongoing work at Quinchia is increasingly focused on defining scale, continuity, and vectoring toward higher-grade zones within a large porphyry system and the latest batch of six holes comes from the company’s fully underway 20,000m program, with three rigs active across the project.

TSDH-78 highlights continuity with scale

• 169.7m @ 0.9 g/t Au
• Includes: 25m @ 2.2 g/t Au + 206 ppm Mo, 17.1m @ 1.5 g/t Au, 10m @ 1.4 g/t Au
• Confirms broad, continuous mineralization below the conceptual pit shell

Porphyry system strengthening

• Mineralization tied to intrusive breccias, diorite pulses, and porphyry-style veining
• Continued Au-Cu-Mo association supports a large, evolving system

Vectoring toward higher-grade feeder zones

• TSDH-78 supports continuity but lacks the stronger feeder signature seen in TSDH-71
• TSDH-80 (assays pending) is the key test of this deeper, higher-grade target

Geometry and scale being defined

• TSDH-77 & TSDH-76 outline near-surface lateral boundaries
• TSDH-81 confirms mineralization at the SE pit margin
• TSDH-75 demonstrates continuity at depth
• TSDH-79 expands the hydrothermal footprint to the southeast

Ongoing catalysts

• Additional assays pending from Tesorito, Dos Quebradas, and Ceibal
• Continued drilling aimed at both resource growth and discovery

Overall, the latest results reinforce Tesorito as a large, coherent porphyry system with growing geological confidence. 

While current drilling is steadily building out the mineralized envelope, the key upside remains tied to successfully vectoring into a higher-grade feeder zone, which could materially enhance the scale and economics of the broader Quinchía project.

https://preview.redd.it/crcue1jtvuvg1.jpg?width=1432&format=pjpg&auto=webp&s=cfc09a035b703c2cd1f275f7cf72610d402b8f8a

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Posted on behalf of Tiger Gold Corp. - Yesterday, Tiger Gold (TIGR.v TGRGF) announced assay results from 6 drillholes from its ongoing, three rig diamond drilling campaign at the Tesorito Deposit.

Ongoing work at Quinchia is increasingly focused on defining scale, continuity, and vectoring toward higher-grade zones within a large porphyry system and the latest batch of six holes comes from the company’s fully underway 20,000m program, with three rigs active across the project.

TSDH-78 highlights continuity with scale

• 169.7m @ 0.9 g/t Au
• Includes: 25m @ 2.2 g/t Au + 206 ppm Mo, 17.1m @ 1.5 g/t Au, 10m @ 1.4 g/t Au
• Confirms broad, continuous mineralization below the conceptual pit shell

Porphyry system strengthening

• Mineralization tied to intrusive breccias, diorite pulses, and porphyry-style veining
• Continued Au-Cu-Mo association supports a large, evolving system

Vectoring toward higher-grade feeder zones

• TSDH-78 supports continuity but lacks the stronger feeder signature seen in TSDH-71
• TSDH-80 (assays pending) is the key test of this deeper, higher-grade target

Geometry and scale being defined

• TSDH-77 & TSDH-76 outline near-surface lateral boundaries
• TSDH-81 confirms mineralization at the SE pit margin
• TSDH-75 demonstrates continuity at depth
• TSDH-79 expands the hydrothermal footprint to the southeast

Ongoing catalysts

• Additional assays pending from Tesorito, Dos Quebradas, and Ceibal
• Continued drilling aimed at both resource growth and discovery

Overall, the latest results reinforce Tesorito as a large, coherent porphyry system with growing geological confidence. 

While current drilling is steadily building out the mineralized envelope, the key upside remains tied to successfully vectoring into a higher-grade feeder zone, which could materially enhance the scale and economics of the broader Quinchía project.

https://preview.redd.it/bx7m91mnvuvg1.jpg?width=1432&format=pjpg&auto=webp&s=c2b542b01a452e73e60225bdcafb2aa55089b8e6

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Posted on behalf of Excellon Resources Inc. – Joining the KE Report, Excellon's (EXN.v EXNRF) CEO detailed the production ramp up work at the flagship Mallay Silver Mine in Peru.

Mallay Mine – Restart & Production Ramp-Up

• Transitioning from development into production ramp-up phase 
• Targeting 600 tpd throughput (~2Moz AgEq/year at steady state) 
• Ramp-up ongoing through Q3–Q4, with gradual production increase 
• Focus on mine development + unlocking new zones before full production 
• Backed by extensive historical data including ~166,000m drilling + 22km channel sampling 
• ~12Moz AgEq (Indicated) @ ~420 g/t & ~4Moz AgEq (Inferred) @ ~344 g/t 
• Revenue mix: ~70–80% silver, remainder Pb-Zn 
• Offtake agreement in place with Glencore

 

Exploration & Resource Growth

• Active drilling (2 rigs + 3rd incoming) focused on: 
  • Extending mineralization below current workings 
  • Expanding Izcuz vein system 
  • Defining Footwall zone (adds width + tonnage)

   

• Strategy shifting from narrow high-grade mining → maximizing tonnage & throughput 
• Potential to extend mine life well beyond current 4–5 years

 

New Discovery & Upside Zones

• Footwall Zone: Parallel mineralization adding 3–8m width, previously uneconomic at lower silver prices 
• Shafra Zone: Near-mine, gold-rich exploration target (~500m away) with potential for stacked vein system + gold kicker and longer-term feed opportunity (post-2028) 
• Goal: build multiple production sources feeding one mill

 

Cost Structure & Funding

• Low restart capex: ~$5–10M for ramp-up + mill restart 
• Existing infrastructure significantly reduces costs 
• Strong treasury: ~$25M+ cash (post-financing) 
• Additional Glencore working capital facility available (undrawn) 
• Fully funded to reach run-rate production by year-end

 

Tres Cerros – Exploration Upside (Peru)

• Large-scale gold-silver “moonshot” target 
• ~2.5km mineralized corridor with surface anomalies 
• Targeting initial ~5,000m drill program 
• Drilling expected H2 2026, with potential to scale 
• Future funding supported by Mallay cash flow

 

Other Assets & Optionality

• Kilgore (Idaho): 1Moz gold resource, PEA shows strong economics and potential JV partner to advance + unlock value 
• Silver City (Germany): High-grade historic silver district and potential spin-out into standalone European vehicle

 

Leadership & Execution

• Experienced team with strong production background 
• Led by operators with decades of Latin American mining experience 
• Focused on execution, ramp-up, and growth

 

Key Catalysts

• Continued production ramp-up at Mallay (2026) 
• Drill results from Izcuz, Footwall, and Shafra zones 
• Updated resource estimate (year-end or early next year) 
• Tres Cerros drilling initiation 
• Potential JV/spin-out developments (Kilgore, Silver City)

 

Investment Takeaway

• Near-term silver production growth + cash flow at Mallay 
• Significant resource expansion potential at site 
• Additional upside from district-scale exploration + portfolio optionality

 

Current valuation reflects only Mallay, with other assets largely unpriced

https://preview.redd.it/vlwfduezfnvg1.jpg?width=1534&format=pjpg&auto=webp&s=55c3c4694ab11c93f6c42c60a123c21df02ba823

Posted on behalf of Excellon Resources Inc. – Joining the KE Report, Excellon's (EXN.v EXNRF) CEO detailed the production ramp up work at the flagship Mallay Silver Mine in Peru.

Mallay Mine – Restart & Production Ramp-Up

• Transitioning from development into production ramp-up phase 
• Targeting 600 tpd throughput (~2Moz AgEq/year at steady state) 
• Ramp-up ongoing through Q3–Q4, with gradual production increase 
• Focus on mine development + unlocking new zones before full production 
• Backed by extensive historical data including ~166,000m drilling + 22km channel sampling 
• ~12Moz AgEq (Indicated) @ ~420 g/t & ~4Moz AgEq (Inferred) @ ~344 g/t 
• Revenue mix: ~70–80% silver, remainder Pb-Zn 
• Offtake agreement in place with Glencore

 

Exploration & Resource Growth

• Active drilling (2 rigs + 3rd incoming) focused on: 
  • Extending mineralization below current workings 
  • Expanding Izcuz vein system 
  • Defining Footwall zone (adds width + tonnage)

   

• Strategy shifting from narrow high-grade mining → maximizing tonnage & throughput 
• Potential to extend mine life well beyond current 4–5 years

 

New Discovery & Upside Zones

• Footwall Zone: Parallel mineralization adding 3–8m width, previously uneconomic at lower silver prices 
• Shafra Zone: Near-mine, gold-rich exploration target (~500m away) with potential for stacked vein system + gold kicker and longer-term feed opportunity (post-2028) 
• Goal: build multiple production sources feeding one mill

 

Cost Structure & Funding

• Low restart capex: ~$5–10M for ramp-up + mill restart 
• Existing infrastructure significantly reduces costs 
• Strong treasury: ~$25M+ cash (post-financing) 
• Additional Glencore working capital facility available (undrawn) 
• Fully funded to reach run-rate production by year-end

 

Tres Cerros – Exploration Upside (Peru)

• Large-scale gold-silver “moonshot” target 
• ~2.5km mineralized corridor with surface anomalies 
• Targeting initial ~5,000m drill program 
• Drilling expected H2 2026, with potential to scale 
• Future funding supported by Mallay cash flow

 

Other Assets & Optionality

• Kilgore (Idaho): 1Moz gold resource, PEA shows strong economics and potential JV partner to advance + unlock value 
• Silver City (Germany): High-grade historic silver district and potential spin-out into standalone European vehicle

 

Leadership & Execution

• Experienced team with strong production background 
• Led by operators with decades of Latin American mining experience 
• Focused on execution, ramp-up, and growth

 

Key Catalysts

• Continued production ramp-up at Mallay (2026) 
• Drill results from Izcuz, Footwall, and Shafra zones 
• Updated resource estimate (year-end or early next year) 
• Tres Cerros drilling initiation 
• Potential JV/spin-out developments (Kilgore, Silver City)

 

Investment Takeaway

• Near-term silver production growth + cash flow at Mallay 
• Significant resource expansion potential at site 
• Additional upside from district-scale exploration + portfolio optionality

 

Current valuation reflects only Mallay, with other assets largely unpriced

https://preview.redd.it/5qcixz0wfnvg1.jpg?width=1534&format=pjpg&auto=webp&s=b1bbf648cfab3bdca0a34245a37b6cfa1f9f30ec

Posted on Behalf of Minaurum Silver Inc. - Minaurum Silver (MGG.v MMRGF) reported high-grade drill results from the Quintera and Europa vein zones at its Alamos Project in Sonora, Mexico, reinforcing the potential for meaningful resource expansion as part of its fully funded 50,000m Phase II program.

Highlights: 

• AL26-180W: 5.30m @ 570 g/t Ag (633 g/t AgEq), incl. 2.50m @ 1,024 g/t Ag (1,120 g/t AgEq) 
• AL26-188: 5.80m @ 581 g/t Ag (658 g/t AgEq) 
• AL26-185: 1.10m @ 305 g/t Ag (449 g/t AgEq) 
• AL26-186: 2.35m @ 199 g/t Ag (251 g/t AgEq), incl. 0.60m @ 701 g/t Ag (828 g/t AgEq)

 

Notably, Quintera represents a historically mined but previously unmodeled vein, now demonstrating strong upside potential and set to be incorporated into the next resource update. 

Meanwhile, step-out drilling at Europa continues to confirm strike continuity and expand mineralization.

With six rigs active across multiple zones, MGG is systematically growing the resource base and remains on track to deliver an updated mineral resource estimate in H2 2026.

https://preview.redd.it/ld50w54kanvg1.jpg?width=611&format=pjpg&auto=webp&s=b701a46b481a03bf263cc6a4c43b51d5ef048f62

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Posted on Behalf of Minaurum Silver Inc. - Minaurum Silver (MGG.v MMRGF) reported high-grade drill results from the Quintera and Europa vein zones at its Alamos Project in Sonora, Mexico, reinforcing the potential for meaningful resource expansion as part of its fully funded 50,000m Phase II program.

Highlights: 

• AL26-180W: 5.30m @ 570 g/t Ag (633 g/t AgEq), incl. 2.50m @ 1,024 g/t Ag (1,120 g/t AgEq) 
• AL26-188: 5.80m @ 581 g/t Ag (658 g/t AgEq) 
• AL26-185: 1.10m @ 305 g/t Ag (449 g/t AgEq) 
• AL26-186: 2.35m @ 199 g/t Ag (251 g/t AgEq), incl. 0.60m @ 701 g/t Ag (828 g/t AgEq)

 

Notably, Quintera represents a historically mined but previously unmodeled vein, now demonstrating strong upside potential and set to be incorporated into the next resource update. 

Meanwhile, step-out drilling at Europa continues to confirm strike continuity and expand mineralization.

With six rigs active across multiple zones, MGG is systematically growing the resource base and remains on track to deliver an updated mineral resource estimate in H2 2026.

https://preview.redd.it/ld50w54kanvg1.jpg?width=611&format=pjpg&auto=webp&s=b701a46b481a03bf263cc6a4c43b51d5ef048f62

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Posted on behalf of Mayfair Gold Corp. - Mayfair Gold Corp. (Ticker: MFG.v or MINE for US investors) recently entered into an agreement to acquire the Guibord, Marriott, and Holloway properties from Plato Gold Corp. for C$2.5 million in cash, expanding its land position in the Timmins region of Ontario surrounding its flagship Fenn-Gib Gold Project.

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The transaction increases Mayfair’s regional footprint by more than 65% and strengthens its presence along the Porcupine-Destor Fault Zone, a key gold-bearing structure within the Abitibi Greenstone Belt that has historically produced over 180 million ounces of gold.

Strategic Shift Toward Near-Site Exploration
The acquisition introduces an additional avenue for value creation alongside the ongoing advancement of Fenn-Gib toward its 2030 production target. By incorporating nearby exploration assets with known gold mineralization, Mayfair is broadening its approach beyond project development alone.

These properties are located within hauling distance of Fenn-Gib, supporting the potential for supplementary feed sources that could enhance both project economics and overall production profile.

Management outlined that near-site exploration offers “substantial potential to enhance the project economics and production profile of Fenn-Gib,” positioning exploration success as a complementary driver as the project continues to be derisked.

Property Breakdown and Exploration Context
Guibord Property (50% interest)
Located approximately 5km southwest of Fenn-Gib and contiguous with existing concessions, Guibord provides strategic land access that may support future onsite infrastructure and permitting requirements. Historical drilling has returned narrow high-grade gold intercepts, including 47.01g/t Au over 0.91m and 13.7g/t Au over 1.22m, along with broader zones of lower-grade mineralization.

Marriott and Holloway Properties (100% interest)
Both assets extend Mayfair’s exposure across the district and remain within trucking distance of Fenn-Gib. While considered earlier-stage, they are situated in geological environments associated with known gold mineralization.

• Marriott has intersected gold mineralization exceeding 1.0g/t Au in historical drilling.
• Holloway has reported high-grade intervals ranging from 52–64g/t Au over 0.3–0.8m.

These characteristics support the company’s view that nearby deposits could contribute additional feed to a centralized processing scenario tied to Fenn-Gib.

Conclusion
By securing additional properties in close proximity to Fenn-Gib, Mayfair is building a broader district-scale position that supports both development and exploration. 

The inclusion of nearby assets with known mineralization introduces a secondary pathway for value creation, where exploration success could complement the advancement of its core project. 

This approach positions the company to potentially improve project economics while continuing to move Fenn-Gib forward within its planned development timeline.

Posted on behalf of Corcel Exploration Inc. - Corcel Exploration Inc. (Ticker: CRCL.c or CRLEF for US investors) has begun a Phase 1 drill program at its Yuma King Project in Arizona, marking the next step in a structured exploration strategy that combines geophysical surveys with targeted drilling to advance its copper-gold system.

The fully permitted campaign is expected to total approximately 1,500m of diamond drilling across 6 to 8 drill sites. This initial phase is designed to evaluate both historically identified mineralization and additional targets generated through integrated datasets.

Geophysics Integration

Ahead of drilling, Corcel completed a 10 line-kilometre 2D pole-dipole induced polarization (IP) survey across priority areas, including Yuma King Mine and Yuma King West.

Interpretation of the IP data is ongoing, and results will be incorporated into drill targeting as they become available, supporting a data-driven approach to exploration.

Objectives of the Drill Program

The newly commenced drill program is structured to address several key exploration goals. It aims to verify historical drilling results while confirming previously reported mineralized intervals and testing the extension of known zones both along strike and at depth.

The company is also targeting newly defined areas derived from combined geophysical and geochemical analysis and assessing the potential for a porphyry system beneath the known skarn mineralization, while evaluating the overall continuity and potential scale of the broader Yuma King system.

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Target Areas and Geological Context

Drilling efforts are concentrated around the Yuma King Mine and nearby target zones, where both historical and more recent work have identified copper-gold skarn mineralization associated with a larger porphyry setting.

The mineralized system remains open along strike, at depth, and across multiple target corridors. This program represents an early-stage step toward understanding the full extent and scale of mineralization across the project.