⛏️ This Week in Mining

March 2nd — March 6th, 2026

👷‍♀️ Greetings, Contrarian!

This is The Next Big Rush, your daily drop of mining and energy investing news. Where we come together and share every piece of news of the week with you! 🎯

📌 Weekly Commodity Prices

Source: TradingView, TradingEconomics and Numerco.

📰 Headlines

Astra Exploration Inc. (TSXV: ASTR) reports Phase II drilling results at the La Manchuria project in Argentina.

Highlights

  • 6.3 metres of 837 g/t silver and 3.32 g/t gold.

  • 1.0 metre of 3,309 g/t silver and 11.45 g/t gold.

  • 1.0 metre of 541 g/t silver and 2.0 g/t gold.

Drilling at the newly identified Basalto Zone returned high-grade, near-surface silver and gold mineralisation, expanding the vein field 200 to 300 metres southwest of the Main Zone.

Results from the East Feeder and Main Zone indicate potential convergence of feeder structures at depth, enhancing targets for high-grade mineralisation.

Dryden Gold Corp. (TSXV: DRY) reports drilling results at the Gold Rock project in Canada.

Highlights

  • 7.50 metres of 5.03 g/t gold.

  • 2.20 metres of 5.73 g/t gold.

  • 2.50 metres of 2.64 g/t gold.

Additional drilling at Treasure and Barrelman expanded mineralisation along strike, supporting a 500 metres strike length across Gold Rock.

P2 Gold Inc. (TSXV: PGLD | OTCQB: PGLDF) reported drilling results at the Gabbs Project, Nevada, USA.

Highlights:

  • 54.86 metres of 0.71 g/t gold and 0.31% copper, including:

    • 22.86 metres of 1.28 g/t gold and 0.43% copper.

  • 68.58 metres of 0.65 g/t gold and 0.32% copper, including:

    • 18.29 metres of 1.22 g/t gold and 0.64% copper.

  • 68.58 metres of 0.51 g/t gold and 0.22% copper, including:

    • 22.86 metres of 0.92 g/t gold and 0.34% copper.

Results continue to confirm the existing mineral resource model at Lucky Strike, with mineralisation remaining open in all directions and showing combined thicknesses of up to 125 metres.

An updated mineral resource estimate is expected in Q3 2026, to be followed by a feasibility study in Q4 2026.

First Phosphate Corp. (CSE: PHOS | OTCQX: FRSPF) has received conditional approval for up to C$16.7 million in non-repayable funding from the Government of Canada, through Natural Resources Canada, to support technical and engineering studies for its integrated phosphate concentrate project in Saguenay-Lac-Saint-Jean, Québec, Canada.

The funding will advance validation of battery-grade phosphate concentrate for the lithium iron phosphate market, including processing design and equipment optimisation, with work planned through 2028, as part of efforts to strengthen Canada’s domestic critical minerals supply chain and LFP battery value chain.

Great Pacific Gold Corp. (TSXV: GPAC | OTCQX: GPGCF) announced drilling results at the Wild Dog Project, Papua New Guinea.

Highlights:

  • 58.9 metres of 2.50 g/t gold equivalent, including:

    • 4.6 metres of 8.56 g/t gold equivalent.

  • 18.1 metres of 2.14 g/t gold equivalent.

The first Kavasuki hole confirms a west-dipping epithermal vein system, with follow-up drilling underway to test continuity along strike and at depth.

Fortune Bay Corp. (TSXV: FOR | OTCQB: FTBYF), a sponsoring partner of TNBR, reported drilling results at the Goldfields Gold Project, Saskatchewan, Canada.

Highlights:

  • 17.0 metres of 2.54 g/t gold, including:

    • 5.0 metres of 6.61 g/t gold.

  • 7.0 metres of 2.76 g/t gold, including:

    • 3.0 metres of 5.63 g/t gold.

  • 9.3 metres of 2.29 g/t gold, including:

    • 3.0 metres of 4.68 g/t gold.

Results confirm structurally controlled gold mineralisation continuing down dip at the Box deposit beyond the limits of the current PEA open pit, supporting potential for resource expansion through further drilling.

Nice!

Revival Gold Inc. (TSXV: RVG | OTCQX: RVLGF) announced drilling results at the Mercur Gold Project, Utah, USA.

Highlights:

  • 25 metres of 4.2 g/t gold, including:

    • 5.7 metres of 9.8 g/t gold.

  • 7.1 metres of 6.5 g/t gold.

  • 32 metres of 0.79 g/t gold.

Results from the 2025 drilling program confirm high-grade near-surface mineralisation at South Mercur and Main Mercur, highlighting exploration potential across the Carlin-style gold system.

Data from the completed program will support a Prefeasibility Study targeted for Q1 2027.

Luca Mining Corp. (TSXV: LUCA | OTCQX: LUCMF) reported drilling results at the Tahuehueto Mine, Durango, Mexico.

Highlights:

  • 7.6 metres of 16.08 g/t gold equivalent, including:

    • 2.6 metres of 25.52 g/t gold equivalent.

  • 5.4 metres of 16.00 g/t gold equivalent.

  • 13.2 metres of 7.11 g/t gold equivalent, including:

    • 3.2 metres of 20.24 g/t gold equivalent.

Initial drilling confirms high-grade breccia-hosted mineralisation within the Creston vein system immediately below current mine workings, supporting potential near-mine resource expansion and future mine planning.

SAGA Metals Corp. (TSXV: SAGA | OTCQB: SAGMF) reported drilling results at the Radar Critical Minerals Project, Labrador, Canada.

Highlights:

  • 50.60 metres of 52.05% Fe₂O₃, 7.21% TiO₂ and 0.375% V₂O₅.

  • 90.01 metres of 51.86% Fe₂O₃, 6.76% TiO₂ and 0.417% V₂O₅.

  • Semi-massive oxide zones intercepted up to 87.08 metres.

Initial results from the 2026 drill program at the Trapper Zone confirm thick zones of high-grade iron-titanium-vanadium oxide mineralisation, supporting progress toward a maiden mineral resource estimate.

🧐 Gold War Premium

Gold prices edged higher today as investors sought safe-haven assets amid escalating tensions in the Middle East, particularly clashes between Israel and Iran, but the metal remains on track for a weekly decline of more than 3%.

Spot gold rose slightly to around $5,094 per ounce, supported by geopolitical uncertainty, while gains were capped by a stronger U.S. dollar and rising inflation fears linked to higher oil prices, which have reduced expectations of near-term U.S. interest rate cuts.

Meanwhile, other precious metals also posted modest gains, physical demand in India weakened due to high prices, and markets are now watching upcoming U.S. jobs data and the Federal Reserve’s March meeting for further direction.

💪 Silver Holds Ground

Silver prices moved slightly higher as safe-haven demand linked to geopolitical tensions supported precious metals, although gains remained limited by a stronger U.S. dollar and uncertainty over the Federal Reserve’s interest-rate outlook.

The metal continues to trade with heightened volatility as investors weigh macroeconomic pressures against strong longer-term industrial demand from sectors such as solar energy and electronics, leaving markets closely watching upcoming U.S. economic data for signals on the next move in precious metals.

📺 Must Watch

🕵️‍♂️ Lobo Tiggre, AKA Louis James

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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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