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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! 🎯

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📰 Headlines

McFarlane Lake Mining Limited (CSE: MLM | OTC: MLMLF) reported drilling results at the Juby Gold Project, Ontario, Canada.

Highlights:

• 23 metres at 0.94 g/t gold.

• 25.3 metres at 0.82 g/t gold.

• 109.6 metres at 0.69 g/t gold.

Drilling continues to extend broad zones of gold mineralisation along strike at the Golden Lake area.

Benz Mining Corp. (TSXV: BZ) announced tungsten results at the Glenburgh Gold System, Western Australia.

Highlights:

• 79 metres at 4.4 g/t gold, including:

  • 26 metres at 0.24% WO₃.

• 44 metres at 4.6 g/t gold, including:

  • 17 metres at 0.09% WO₃.

• 25 metres at 10 g/t gold, associated with 33 metres at 0.10% WO₃.

The results confirm widespread tungsten mineralisation linked to high-grade gold zones across the Glenburgh system.

GR Silver Mining Ltd. (TSXV: GRSL) (OTCQX: GRSLF) (FRANKFURT: GPE) announces drill results from hole SMS26-04 in the SE Area of San Marcial.

Highlights:

• 45.1m true width (TW) at 1,623 g/t Ag, from 267.85m down hole

  • including: 18.85m TW at 3,846 g/t Ag with 0.7% Pb and 2.5% Zn.

  • including: 8.25m TW at 8,579 g/t Ag with 1.6% Pb and 5.5% Zn.

High-grade silver mineralization in SMS26-04 consists of multi-stage hydrothermal breccias, subsequently overprinted by polymetallic silver-lead-zinc events.

These exceptionally high silver grades represent the "best ever" drill results from the San Marcial deposit, confirming the robust geological model, and the continuity of high-grade silver mineralization controlled by key structural features.

Altamira Gold Corp. (TSXV: ALTA) (FSE: T6UP) (OTCQB: EQTRF) reports assay results from a second recent exploration diamond drill hole outside the Maria Bonita mineral resource in the Cajueiro District, Brazil.

Highlight:

• 130m of 0.5g/t gold from 97m downhole.

The results from drill holes MBA036 and MBA037 suggest that the porphyry-hosted gold deposit at Maria Bonita remains open to the west and also to the north.

The distance between the two step-out holes is approximately 300 metres, and possible mineralized extensions of these blocks need to be tested both to the north and to the south.

Aldebaran Resources Inc. (TSXV: ALDE) reported infill drilling results from the Altar copper-gold project in San Juan, Argentina.

Highlights:

• 500 metres of 0.71% CuEq, including:

  • 60 metres of 1.00% CuEq.

• 249.20 metres of 0.71% CuEq, including:

  • 54 metres of 0.92% CuEq.

• 98 metres of 1.07% CuEq.

Latest drilling continues to demonstrate the scale and continuity of mineralisation at Altar, with several holes ending in strong grades.

Aldebaran added that an updated mineral resource estimate is expected in Q3 2026 and will incorporate more than 40,000 metres of drilling completed since the 2024 resource estimate.

Scorpio Gold Corp. (TSXV: SGN) announced drilling results from the Manhattan District Project in Nevada, USA.

Highlights:

• 11.34 metres of 2.68 g/t gold.

• 23.23 metres of 0.69 g/t gold.

• 3.41 metres of 6.54 g/t gold.

Drilling continues to extend the Zanzibar Trend beyond the current inferred resource pit, with near-surface mineralisation supporting the broader resource potential of the corridor.

Scorpio Gold added that around 300 metres of strike length remains untested along the Zanzibar Formation, with multiple growth targets emerging across the Manhattan District.

Latin Metals Inc. (TSXV: LMS), sponsoring partner of TNBR, reported initial drilling results from the Cerro Bayo project in Santa Cruz Province, Argentina.

Highlights:

• 16.35 metres of 1.72 g/t AuEq, including:

  • 3.60 metres of 6.3 g/t AuEq.

• 3.60 metres of 6.08 g/t AuEq, including:

  • 1.80 metres of 11.53 g/t AuEq.

• 1.95 metres of 8.83 g/t gold and 18.86 g/t silver.

Initial drilling intersected gold and silver mineralisation across several target areas, reinforcing the potential for a large district-scale hydrothermal system at Cerro Bayo.

The results also highlighted a combination of shallow mineralisation and higher-grade structures, further supporting the project’s broader discovery potential within the Deseado Massif.

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🧐 Gold Market Jitters

Gold prices remained under pressure this week as rising oil prices, inflation concerns and expectations of higher US interest rates reduced demand for the metal, despite ongoing geopolitical tensions in the Middle East.

Reuters reported that spot gold hovered around US$4,500/oz after falling to multi-week lows, with stronger Treasury yields and a firmer US dollar weighing on investor sentiment.

Markets are increasingly pricing in the possibility of a US Federal Reserve rate hike later this year as elevated oil prices linked to the Iran conflict continue to fuel inflation fears.

Meanwhile, analysts noted that easing oil prices and lower bond yields briefly supported gold mid-week, although the metal remains on track for a second consecutive weekly decline.

Providence Gold Mines Inc. (TSXV: PHD) reported gold results from the Mojave Girl Vein stockpiles at the La Dama de Oro property in California, USA.

Highlights:

• 2.56 metres of 8.0 g/t gold.

• 3.60 metres of 5.2 g/t gold.

• 2.32 metres of 4.9 g/t gold.

Phase One sampling returned multiple gold intervals above 4.0 g/t gold from the Mojave Girl stockpiles, with Phase Two now planned at the Tarantula Mine surface workings located around 100 metres away.

Providence Gold said the program supports its objective of advancing a permitted 1,000-ton bulk sample at La Dama de Oro.

Happy Speculating!

The Editor

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