⛏️ Saskatchewan Gold Upside

PLUS: Athabasca Uranium

👷‍♀️ Greetings Contrarian!

This is The Next Big Rush, your daily drop of mining and energy investing news. Where we come together and eat fast food. 🍔🍟

📝 Here are the highlights

😎 Saskatchewan Gold Upside

💪 Athabasca Uranium

👏 Corral Discovery

📌 Daily Commodity Prices

Source: TradingEconomics and Numerco.

😎 Saskatchewan Gold Upside

Fortune Bay (TSXV: FOR | OTCQB: FTBYF), sponsoring partner of TNBR, announced updated PEA results for the Goldfields Project, Saskatchewan, Canada.

Highlights:

  • After-tax NPV of C$610M (US$2,600/oz base) and C$1.25B (US$3,650/oz spot), with 44–74% IRR.

  • 896,000 oz payable gold over 14 years at AISC US$1,330/oz; initial capex C$301M.

  • 97% Indicated ounces in mine plan, 1.2 g/t head grade, 95.4% recovery, 3:1 strip ratio.

Goldfields benefits from existing infrastructure, valid EIS, and strong jurisdictional ranking, positioning it as a near-term development asset with expansion upside at Box, Athona, and regional targets.

💪 Athabasca Uranium

ATHA Energy (TSXV: SASK | OTCQB: SASKF | FSE: X5U) reported a major uranium discovery at the RIB North zone, Angilak Uranium Project, Nunavut, Canada.

Highlights:

  • 26.3 metres of uranium mineralisation, including 1.9 metres of high grade.

  • 13.6 metres of continuous uranium mineralisation, including 1.7 metres of high grade.

  • Mineralisation intersected across a potential 4.4 km strike length along the Mineralised RIB Corridor.

This represents ATHA’s best exploration hole to date at Angilak, confirming thick basement-hosted uranium similar to Athabasca Basin deposits.

The discovery expands the project’s scale, reinforcing Angilak’s potential as Canada’s next major uranium district.

👏 Corral Discovery

Intrepid Metals (TSXV: INTR | OTCQB: IMTCF) reported consistent drill results and underscored district-scale porphyry potential at the Corral Copper Project, Arizona, USA.

Highlights:

  • 85.05 metres of 0.48% Cu, 0.28 g/t Au and 4.33 g/t Ag (0.70% CuEq),

    • including 12.85 metres of 2.33% Cu, 1.02 g/t Au and 11.89 g/t Ag (3.16% CuEq).

  • 55.55 metres of 0.23% Cu, 0.15 g/t Au and 5.44 g/t Ag (0.37% CuEq),

    • including 4.95 metres of 1.32% Cu, 0.36 g/t Au and 6.64 g/t Ag (1.42% CuEq).

  • 147.50 metres of 0.23% Cu, 0.15 g/t Au and 3.01 g/t Ag (0.32% CuEq),

    • including 20.50 metres of 0.61% Cu, 0.32 g/t Au and 7.42 g/t Ag (0.77% CuEq).

Results confirm continuity of Cu-Au-Ag-Zn at Ringo and indicate porphyry potential beneath the CRD system. Corral Copper, in Arizona’s Bisbee analogue, offers major exploration upside.

📰 In Other News

🐦 Multi-Metal Discovery

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The Editor

DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research.

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