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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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Spanish Mountain Gold Ltd. (TSXV: SPA | OTCQB: SPAUF) reported drilling results from the Spanish Mountain Gold Project in British Columbia, Canada.

Highlights:

• 221.8 metres of 0.74 g/t gold, including:

  • 100.0 metres of 1.00 g/t gold.

• 100.1 metres of 0.88 g/t gold.

• 138.8 metres of 0.79 g/t gold.

The latest results from the 2026 Feasibility Study drill programme continue to expand high-grade mineralisation within the Orca Fault Corridor.

Drilling has intersected broad near-surface gold zones and supports the growth of the corridor, with two drill rigs continuing to test its limits and assay results pending from 19 additional drill holes.

Prismo Metals Inc. (CSE: PRIZ | OTCQB: PMOMF) announced drilling results from the Silver King Project in Arizona, USA.

Highlights:

• 2.3 metres of 1,452 g/t silver, 1.6 g/t gold and 1.9% copper.

• 2.7 metres of 557 g/t silver.

• 1.2 metres of 517 g/t silver.

The Phase I drill programme confirmed extensive unmined high-grade silver mineralisation at Silver King, while deep drilling identified increasing copper values at depth, supporting the potential for a porphyry copper system beneath the historic mine.

Further drilling is planned to test both the silver and copper targets.

Tiger Gold Corp. (TSXV: TIGR | OTCQB: TGRGF), a sponsoring partner of TNBR, reported drilling results at the Quinchía Gold Project, Colombia.

Highlights:

• 234.5 metres of 1.2 g/t gold, including:

  • 27.6 metres of 1.8 g/t gold, 26.6 metres of 2.3 g/t gold, and 22.0 metres of 1.5 g/t gold.

• 180.3 metres of 1.0 g/t gold, including:

  • 66.5 metres of 1.3 g/t gold.

• Previous nearby drilling returned 98.0 metres of 0.9 g/t gold, including:

  • 26.7 metres of 1.6 g/t gold.

The new infill holes define a coherent higher-grade mineralized corridor at Tesorito and remain open to the northwest and at depth.

Additional assay results are pending from both the Tesorito and Ceibal targets, while the company advances a resource update aimed at upgrading portions of the deposit to the Indicated category.

Way to go!

District Metals Corp. (TSXV: DMX | DMXCF | DFPP), a sponsoring partner of TNBR, said it welcomes the Swedish Parliament’s approval of new rules streamlining permitting for uranium and other nuclear material extraction, aligning it with standard mining regulation and removing the municipal veto while maintaining safety standards.

The company said the changes improve permitting certainty and strengthen the strategic outlook for its Viken Deposit and Swedish alum shale assets as Europe seeks more secure critical mineral and nuclear fuel supply chains.

Regency Silver Corp. (TSXV: RSMX | OTCQB: RSMXF) reported drilling results from its 2025/2026 program at the Dios Padre Project in Sonora, Mexico.

Highlights:

• 36.35 metres of 5.06 g/t gold, 41.85 g/t silver and 1.10% copper

  • within a broader 96.00 metres of 2.08 g/t gold.

• 7.55 metres of 266.04 g/t silver and 0.56% copper, including:

  • 2.70 metres of 672.41 g/t silver and 1.09% copper.

• 150.50 metres of 0.42 g/t gold, including:

  • 28.70 metres of 0.76 g/t gold.

Results also highlight a transition from silver-rich mineralization at shallower levels to stronger gold-copper mineralization at depth, with the system remaining open in all directions.

District Metals (TSXV: DMX), a sponsoring partner of TNBR, has received approval to begin diamond drilling at the Österkälen Mineral License, part of its 100%-owned Alum Shale Properties in central Sweden.

Drilling is expected to start in late June or early July 2026 and will test a large, previously undrilled MobileMT conductive anomaly spanning approximately 8 km by 3.5 km, which is considered a high-priority target for potential Viken-style Alum Shale mineralisation.

CEO Garrett Ainsworth said the programme marks the start of the company's Alum Shale exploration strategy in Sweden and aims to evaluate the district-scale potential of the target.

Trident Resources (TSXV: ROCK) (OTCQB: TRDTF) reported drilling results from the Contact Lake Gold Project in Saskatchewan, Canada.

Highlights:

• 16.00 metres of 5.43 g/t gold.

• 9.30 metres of 10.05 g/t gold.

• 3.42 metres of 41.46 g/t gold.

The results are from seven drill holes completed at the BK3 Zone, where all holes intersected gold mineralisation and confirmed the potential for further expansion of the Contact Lake deposit along strike and at depth.

Trident has recommenced drilling at the project with more than 20,000 metres planned for the summer and autumn programme.

Banyan Gold (TSXV: BYN) (OTCQB: BYAGF) announced drilling results from the Powerline Deposit at the AurMac Project in Yukon, Canada.

Highlights:

• 21.7 metres of 5.58 g/t gold.

• 11.7 metres of 2.51 g/t gold.

• 9.3 metres of 2.75 g/t gold.

The drilling programme returned several significant gold intercepts, including visible gold and high-grade skarn-hosted mineralisation, highlighting the potential for additional high-grade discoveries at AurMac.

The results have identified a new potential high-grade gold zone southwest of the main high-grade core at the Powerline Deposit.

Heliostar Metals Ltd. (TSXV: HSTR | OTCQX: HSTXF) reported drilling results at the La Colorada Mine, Sonora, Mexico.

Highlights:

• 10.9 metres of 22.1 g/t Au, including:

  • 1.3 metres of 174.0 g/t Au.

• 40.8 metres of 2.23 g/t Au, including:

  • 17.45 metres of 4.55 g/t Au.

• 20.65 metres of 3.35 g/t Au.

The results confirmed high-grade gold mineralisation beyond the current pit design, supporting a planned expansion.

Final permits have been received, with engineering underway for the larger Veta Madre Plus pit.

Pirate Gold Corp. (TSXV: YARR | OTCQB: YARRF) announced drilling results at the Treasure Island Project, Newfoundland and Labrador, Canada.

Highlights:

• 180.8 metres of 0.54% Cu Eq, including:

  • 49.4 metres of 1.48% Cu Eq.

• 112.4 metres of 0.38% Cu Eq, including:

  • 45.0 metres of 0.72% Cu Eq.

• 329.55 metres of 0.34% Cu Eq, including:

  • 180.75 metres of 0.54% Cu Eq.

The first drill holes at the Moby Dick target confirmed a new copper-gold porphyry to high-sulphidation epithermal discovery within a large alteration system.

First Phosphate Corp. (CSE: PHOS | OTCQX: FRSPF), a sponsoring partner of TNBR, announced investment and offtake agreements under the Critical Minerals Resilience and Production Alliance at the G7 Summit in France.

Including LOIs for up to C$275M in financing support and binding offtake deals for phosphate concentrate and phosphoric acid, strengthening development of its Québec mine and downstream LFP battery supply chain.

🧐 Bullion Under Pressure

Gold prices fell sharply today, with spot gold dropping more than 2% to US$4,121.95/oz, its lowest level since 11 June, while US gold futures declined 2.5% to US$4,139.40/oz.

The precious metal is now on track for a third consecutive weekly loss as a stronger US dollar and expectations of higher US interest rates reduce the appeal of non-yielding assets such as gold.

Analysts noted that traders are increasingly focused on the Federal Reserve's hawkish outlook, with markets now assigning an 87% probability of a rate hike by December.

😎 Race For Resources

The G7 agreed to launch a new critical minerals alliance aimed at reducing dependence on China for key metals such as rare earths, lithium and nickel, which are essential for defence, technology and clean energy industries.

The plan includes coordinating strategic stockpiles, improving supply-chain monitoring through the International Energy Agency, encouraging investment in new mining and processing projects, and targeting a reduction in reliance on any single supplier to below 60% by 2030.

The initiative is viewed as a significant boost for Western critical minerals developers as governments seek to secure alternative sources of supply.

Happy Speculating!

The Editor

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