u/the-belle-bottom

Posted on behalf of Star Copper Corp. - Copper’s long-term demand curve continues to steepen—and China remains the anchor.

New forecasts from China Minmetals point to ~3.7% annual copper demand growth through 2035, driving consumption from ~16Mt to ~22.9Mt (+43%), with upside to 50%+ growth if intensity levels hold.

Near-term growth may moderate (~1% in 2026), but the structural trend remains intact:

• Electrification, grid buildout, and infrastructure continue to underpin demand

• Per capita copper usage in China still trails developed markets

• Even with population decline, absolute demand continues to rise

At the same time:

• Supply remains constrained (grade decline, permitting delays)

• Development timelines (~15–20 years) limit near-term supply response

• Long-term price assumptions across the industry continue to move higher

Implication: The copper market is increasingly defined by a structural deficit, not cyclical swings.

Against this backdrop, Star Copper Corp. is entering a critical phase in 2026 with a fully funded 15,000m drill program aimed at transitioning from exploration to resource definition.

Program highlights:

• Multi-target drilling across Star Main, Copper Creek, Star North, East, and West

• Fully funded with $12M+, removing near-term dilution risk

• Prior results at Copper Creek: 57m @ 0.61% CuEq (within 111m @ 0.35% CuEq)

• Large-scale untested anomalies (e.g., 1km x 1km at Star East)

Execution edge:

• Integrated 3D geological modelling + IP/MT geophysics

• Targeting deeper sulphide systems and higher-grade cores

• Designed to test both scale and continuity of a porphyry system

As long-term copper demand resets higher, projects with scale potential in Tier-1 jurisdictions become increasingly strategic. Star Copper’s 2026 program is positioned to test exactly that—scale, depth, and resource potential—at a time when the market is actively repricing future copper supply.

https://www.kitco.com/news/off-the-wire/2026-04-15/china-copper-consumption-grow-37-annually-through-2035-minmetals-says

Posted on behalf of Selkirk Copper Mines Inc. - has completed one of Yukon’s largest drill campaigns in the past decade and is now moving the Minto Copper-Gold-Silver Mine closer to a potential restart.

https://preview.redd.it/nkjkr6c5edwg1.png?width=550&format=png&auto=webp&s=18d305cdc54f8648424032a2c842e71fd5cb2be6

Phase 1 by the numbers:

• 52,288m drilled across 175 holes using 4 diamond rigs

• One of the largest Yukon drill programs in 10+ years

• Completed safely with zero lost-time injuries

• 87% of holes intersected notable mineralization

• Program exceeded the original 50,000m plan and finished on schedule

High-grade expansion highlights:

• Minto North West zone estimated to have expanded at least 2x from the 2025 MRE model

• Hole 25SCM043 returned 3.52% Cu, 3.51 g/t Au, 17.04 g/t Ag over 16.7m

• Within a broader interval of 2.09% Cu, 1.84 g/t Au, 9.48 g/t Ag over 32.9m

• This ranked within the top 99th percentile of grade-thickness across Minto’s 60-year drill database

https://preview.redd.it/jvza9et5edwg1.png?width=550&format=png&auto=webp&s=1c3db49a948144d18a8a653c1200567828d3d8e5

New discovery upside:

• New mineralized lens discovered in Area 118, ~120m below known resources

• Hole 25SCM057 returned 0.76% Cu, 0.42 g/t Au, 3.56 g/t Ag over 29.7m

• Lens now outlined across roughly 500m x 400m and remains open

Strategic milestone:

As of April 1, 2026, Selkirk Copper has assumed full responsibility for site operations at Minto—shifting the project from care and maintenance toward engineering, resource growth, and restart planning.

https://preview.redd.it/2fsgzwd6edwg1.png?width=550&format=png&auto=webp&s=783eb667498e9ca6a30901befbb825be53727df2

What’s next:

• Remaining assays expected through May

• Updated MRE targeted for June 2026

• PEA scheduled for mid-2026

• Potential restart decision targeted for mid-2027

With resource expansion delivering strong results and site control now in hand, Selkirk Copper is transitioning Minto from legacy asset to active redevelopment story.

Posted on behalf of West Red Lake Gold Mines Ltd. - is approaching a pivotal re-rating moment as its combined Madsen–Rowan PFS (Q3 2026) integrates multiple value drivers into a single economic update.

https://preview.redd.it/cgxgmhyz4awg1.png?width=1456&format=png&auto=webp&s=0703f09430bc712bee3d291ae64daa5d8b35d17a

What’s about to change:

• More ounces: Rowan infill (Veins 006b & 013) + expanded Madsen stopes

• Lower costs: Hub-and-spoke model and longhole mining efficiencies

• Higher gold price: Prior studies at ~$2,300–$2,500/oz vs. ~$4,700/oz today

Why it matters:

• Higher gold prices don’t just lift revenue—they expand margins, lower cutoffs, and increase mineable tonnes

• Mine design evolves: larger stopes, longer mine life, improved capital efficiency

• Combined modeling captures the full impact of scale + cost + price in one study

What to watch:

• Rowan: pending assays + updated resource (Q2 2026)

• Madsen: 2026 guidance, shaft commissioning (AISC reduction), potential Fork integration

• Economics: first real operating costs + gold price assumptions used in PFS

The Q3 PFS will be the first comprehensive reset of WRLG’s economics post-restart—where gold price, resource growth, and mine optimization converge simultaneously.

The question is not whether the numbers improve—but how materially they reprice the asset.

https://gilbertanalytics.substack.com/p/why-the-numbers-are-about-to-change?r=2q0nu6&utm_medium=ios&triedRedirect=true

Posted on behalf of NexGold Mining Corp. - NexGold Mining Corp. continues to strengthen the growth profile of its Goliath Gold Complex, reporting new drill results that reinforce continuity and expansion potential at the Goldlund Deposit in Ontario.

Latest highlight:

• 1.79 g/t Au over 25.6m

– incl. 13.70 g/t and 6.59 g/t over 1.0m intervals

Additional intercepts:

• 3.22 g/t Au over 10.5m

• 1.49 g/t Au over 11.0m

What the results show:

• Consistent gold mineralization across ~100m of dip extent in Zone 4

• Strong grade continuity supported by both recent and prior drilling

• Mineralization remains open at depth, with expansion potential intact

Program objective:

• Infill drilling designed to upgrade Inferred → Indicated resources

• Tightened spacing aligned with open-pit resource confidence standards

• Supporting refinement of the geological model and future mine planning

Context:

• Part of a fully funded ~25,000m drill program at the Goliath Gold Complex

• Focused on optimizing open-pit resources across Goliath, Goldlund, and Miller

NexGold’s latest results continue to validate scale, continuity, and grade within Goldlund’s Zone 4, advancing the deposit toward higher-confidence resource categories and reinforcing its role within a larger, development-ready gold system.

https://nexgold.com/

Posted on behalf of Spartan Metals Corp. - (TSXV: W | OTCQB: SPRMF | FSE: J03) has been ranked among GoldDiscovery.com’s Top 20, reflecting growing recognition as it advances a large-scale critical minerals strategy in the United States.

https://preview.redd.it/dscq7yrjwfvg1.png?width=713&format=png&auto=webp&s=fed87ea4de1286ec7f48256ce0aa761c17e86225

Why Spartan is gaining attention:

• Strategic acquisition: Victorio project in New Mexico—one of the largest historic tungsten resources in the U.S.

• Dual-track model: Combining scale (Victorio) with grade (Eagle project)

• Commodity leverage: Positioned to benefit from rising tungsten and molybdenum prices

What differentiates the story:

Under CEO Brett Marsh, the company is aligning with broader U.S. supply chain priorities:

• Active engagement with U.S. federal initiatives supporting domestic critical mineral development

• Exposure to a basket of strategic metals including tungsten, molybdenum, and silver

• Positioned in a market where China dominates global tungsten supply

Why it matters:

• Increasing geopolitical focus on securing domestic resources is driving capital and attention toward U.S.-based projects

• Large-scale, undeveloped assets like Victorio offer strategic optionality in a tightening supply environment

• Ranking recognition signals rising market awareness at a key stage of development

With scale, improving macro tailwinds, and growing institutional visibility, Spartan Metals is positioning itself as an emerging player in North America’s critical minerals supply chain.

https://x.com/golddiscovery1/status/2007097045950325221?s=48&t=KPtXKcNQ2xEKPTH3vKKekg

Posted on behalf of Golden Cross Resources Inc. - (TSXV: AUX | OTCQB: ZCRMF) is advancing the Aurora target at its Reedy Creek Project, with maiden drilling delivering early high-grade gold and strengthening the case for a broader system.

https://preview.redd.it/lxzxn226ifvg1.png?width=1200&format=png&auto=webp&s=608a329df67c7c7be752dea74494c938c28e70bc

Initial results:

• 0.4m @ 27.0 g/t Au from 80.07m

• 0.3m @ 5.35 g/t Au from 84.5m

• Additional interval: 7.0m @ 1.24 g/t Au

These shallow intercepts confirm high-grade shoots within a larger mineralized envelope, pointing to a system with both grade and continuity.

What’s emerging:

• Consistent mineralization across Aurora, Welcome Reef, and Empress Reef

• First drilling at Welcome Reef confirms mineralization extends beyond the core corridor

• Structural framework defined by shear-hosted zones, tension veins, and arsenic pathfinders

Why it matters:

• Transition from isolated intercepts → coherent, district-scale orogenic system

• Shallow high-grade results suggest proximity to a stronger mineralized core

• Geological signatures align with high-grade epizonal gold systems

Next phase:

• Drilling to resume targeting deeper extensions below historic workings

• Focus on the “hotter” core, where grades and widths are expected to improve

• Integration of geophysics and structural modelling to refine high-priority targets

Bottom line:

Golden Cross is moving beyond early-stage exploration into system definition, with Aurora emerging as a key focal point in a scalable, high-grade gold system in Victoria.

Posted on behalf of Star Copper Corp. - (CSE: STCU | OTCQX: STCUF | FWB: SOP) is entering a pivotal phase in 2026 with a fully funded, 15,000m drill program designed to move its flagship Star Project toward a maiden resource.

https://preview.redd.it/h0lt8bjzhfvg1.png?width=1600&format=png&auto=webp&s=33b5bc67e8393279a880e8e6543112aade3e962d

Program overview:

• Up to 15,000 metres of drilling across multiple targets

• Fully funded with $12M+ in flow-through capital

• Initial focus on Copper Creek, followed by Star North, East, and West

• Crews mobilizing for the largest program in project history

What stands out:

• Multi-target approach: Testing Star Main extensions and satellite systems across a broader porphyry footprint

• Strong prior results: Copper Creek returned 57m @ 0.61% CuEq within 111m @ 0.35% CuEq

• Untested upside: Star East hosts a 1km x 1km coincident anomaly, while Star North and West present “look-alike” targets to Star Main

Technology-driven targeting:

• Deployment of 3D IP and MT geophysics to image mineralization at depth

• Integration with geological modelling to vector toward higher-grade cores

• Drill pad placement optimized to test both known zones and new anomalies

Why it matters:

• Fully funded program removes near-term financing risk

• Designed to transition from exploration → resource definition

• Targets both lateral expansion and deeper sulphide potential within a porphyry system

Bottom line:

With capital secured, multiple high-priority targets, and advanced geophysical targeting underway, Star Copper is positioning its 2026 campaign as a step-change moment—aimed at unlocking scale and delivering a maiden resource.

Posted on behalf of Excellon Resources Inc. - (TSXV: EXN | OTC: EXNRF) has reinforced its restart strategy at the Mallay Mine in Peru with a new NI 43-101 technical report confirming a high-grade, modern resource base.

Resource highlights:

• Indicated: 890kt @ 195 g/t Ag, 3.33% Pb, 4.83% Zn

 → 5.57 Moz Ag, 65 Mlbs Pb, 95 Mlbs Zn

• Inferred: 362kt @ 149 g/t Ag, 2.67% Pb, 4.32% Zn

 → 1.74 Moz Ag, 21 Mlbs Pb, 34 Mlbs Zn

• Total:

 → 12.01 Moz AgEq @ 420 g/t (Indicated)

 → 4.00 Moz AgEq @ 344 g/t (Inferred)

What underpins the model:

• Built on a robust dataset: 166,000m+ drilling and 22,000m+ channel sampling

• Reinterpreted using modern 3D geological modelling

• Demonstrates material growth vs. historical estimates at comparable grades

Why it matters:

• Mallay is a fully permitted, past-producing underground mine with a 600 tpd mill

• High-grade resource provides a credible foundation for a restart scenario

• Positioned for capital-efficient redevelopment in a strong silver price environment

Upside catalysts:

• 10,000m drill program underway to expand and upgrade the resource

• Additional zones (Footwall, Shafra) offer untested exploration potential

Bottom line:

Excellon has transitioned Mallay from a historical asset into a modern, high-confidence resource base, with active drilling and clear pathways to both restart and resource growth.

Posted on behalf of Pacific Ridge Exploration Ltd. - (TSXV: PEX | OTCQB: PEXZF) is advancing a portfolio of district-scale copper-gold systems in British Columbia, targeting meaningful resource growth across its flagship Kliyul and RDP projects.

Kliyul – defined scale with expansion upside:

• Inferred resource: 334.1Mt @ 0.33% CuEq

– 1.11B lbs Cu, 2.74Moz Au, 10.22Moz Ag (~2.42B lbs CuEq)

• ~20,000m drilled and ~$15M invested since 2021

• Recent highlight: 289m @ 0.77% CuEq within 489.8m @ 0.56% CuEq

• Mineralization remains open, with clear expansion targets north of the current resource

RDP – emerging high-grade system:

• Located in the prolific Toodoggone District (Golden Horseshoe)

• Standout intercept: 112.2m @ 1.35% CuEq within 405.0m @ 0.71% CuEq

• Drilling confirms tabular geometry and growing footprint

• Among the more compelling copper-gold intervals reported in B.C. in 2025

Strategic positioning:

• Backed by the Fiore Group

• Focused on large-scale porphyry systems in Tier-1 jurisdictions

• Portfolio designed to benefit from rising global copper demand and scarcity of quality assets

With a defined resource at Kliyul, high-grade momentum at RDP, and multiple expansion targets emerging, Pacific Ridge is building a scalable copper-gold platform in one of Canada’s most prospective mining regions.

https://www.reddit.com/r/PennyStocksCanada/comments/1rqi1lh/pacific_ridge_exploration_pexv_pexzf_advancing/

Posted on behalf of NexGold Mining Corp. With high-density drilling underway and broader development work advancing in parallel, NexGNexGold is systematically increasing confidence in Goldboro’sasset toward a potential construction decision in 2026.

Program focus:

• Targeting near-surface zones (~50m depth) scheduled for early production

• Tight 12.5m drill spacing to significantly increase data density

• Designed to upgrade resources from Indicated → Measured

Why RC drilling matters:

• Better reflects production conditions and dilution

• Provides higher-confidence data for mine planning

• Enhances reliability of the resource model ahead of development

Built on a strong foundation:

• Program leverages 180,000m+ of historic diamond drilling

• Incorporates 58,000m of additional drilling completed since 2021

• Focused on de-risking the earliest years of the mine plan

Parallel de-risking underway:

• Ongoing engineering, environmental, and permitting work

• Continued engagement with the Mi’kmaw of Nova Scotia

• Assay results expected through Q3 2026 to support technical updates

With high-density drilling underway and broader development work advancing in parallel, NexGold is systematically increasing confidence in Goldboro’s resource and positioning the project for a near-term build decision.

https://www.reddit.com/r/PennyStocksCanada/comments/1s4ptlk/30000m_infill_drill_program_initiated_at_goldboro/

Posted on behalf of Daura Gold Corp. - (TSXV: DGC | OTCQB: DGCOF) is advancing its Phase 1 drill program at the Cerro Bayo Gold-Silver Project in Argentina while integrating AI-driven analytics to sharpen targeting in real time.

https://preview.redd.it/hjjivhfgn7ug1.png?width=550&format=png&auto=webp&s=ba12040d45bfba80a344995b3ebbe2f36904fb71

Drilling progress:

• 14 holes completed across 10 targets, with assays pending

• Step-back drilling underway at Ingrid, Elena, and Eugenia to better define system geometry

• Results expected within the next 4–6 weeks

AI-enhanced exploration:

• Partnership with Geomorphic AI applying real-time data integration and vectoring

• Platform supports:

– Geochemical modelling and anomaly detection

– Pathfinder analysis and spatial targeting

– Continuous drill result integration and re-ranking of targets

• AI agents dynamically update drill targeting as new data arrives, improving precision with each hole

Why it matters:

• Cerro Bayo sits in the Deseado Massif, one of Argentina’s most prolific gold-silver belts

• Combining systematic drilling with AI-driven analytics reduces targeting risk and accelerates discovery cycles

• Step-back holes aim to define scale, not just intercepts

With drilling advancing and AI continuously refining the geological model, Daura is positioning Cerro Bayo as a data-driven exploration program designed to efficiently vector toward scale.

https://www.newsfilecorp.com/release/290836

Posted on behalf of Excellon Resources inc. - (TSXV: EXN | OTC: EXNRF | FSE: E4X2) is advancing toward a near-term production restart at Mallay, supported by a ~C$22M upsized financing priced at a premium (C$0.60/share, no warrants)—a clear signal of institutional conviction.

Capital with purpose:

• Mallay restart: Targeting potential summer production in Peru

• Exploration growth: 10,000m drill program focused on Footwall and Shafra zones

• Fully funded: Covers both development and near-term expansion catalysts

Mallay – high-grade, restart-ready (NI 43-101):

• Indicated: 890kt @ 195 g/t Ag, 3.33% Pb, 4.83% Zn

• Inferred: 362kt @ 149 g/t Ag, 2.67% Pb, 4.32% Zn

• Total:

– 12.01 Moz AgEq @ 420 g/t (Indicated)

– 4.00 Moz AgEq @ 344 g/t (Inferred)

• >500% increase in indicated silver vs historical estimates

• Built on 166,000m drilling + 22,700m channel sampling

• Conservative ~US$30/oz silver pricing

With a fully permitted 600 tpd operation, Mallay offers a capital-efficient restart pathway, now supported by a strengthened balance sheet and active drilling.

Excellon is positioning Mallay as a modern, high-grade silver-polymetallic operation, with clear catalysts tied to production, resource growth, and continued exploration success.

https://www.excellonresources.com/