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⛏️ This Week in Mining
August 24th — August 28th, 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

First Phosphate Corp (NASDAQ: PHOS) (CSE: PHOS) (OTCQX: FRSPF) (FSE: KD0), a sponsoring partner of TNBR, has filed an updated NI 43-101 Mineral Resource Estimate for its Bégin-Lamarche phosphate project near Saguenay, Quebec, Canada.
The report shows a measured resource of 6.2 Mt at 7.70% P2O5, an indicated resource of 198.5 Mt at 6.00% P2O5, and an inferred resource of 89.5 Mt at 6.16% P2O5, a 378% increase in indicated resources over the 2024 initial estimate.
Metallurgical test work indicates a 40.4% P2O5 apatite concentrate at 88% recovery, qualified for battery-grade phosphoric acid production.
The deposit remains open at depth and sits near existing infrastructure, 70 km from the Port of Saguenay.

Visionary Metals Corp. (TSXV: VIZ), a sponsoring partner of TNBR, has completed permitting and is mobilizing for up to 4,500 metres of diamond drilling to test eight nickel and copper sulfide targets at its King Solomon and Tin Cup projects in Fremont County, Wyoming, US.
Drilling will begin in late August at King Solomon, testing three high-conductance features at the site of Wyoming's first nickel sulfide discovery, before moving to Tin Cup to test five conductive bodies 10 km to the west.
The 2026 programme is advanced under an Exploration Alliance with Teck American Incorporated, with targets refined through airborne and ground electromagnetic surveys and further geophysical work supported by a US$250,000 Wyoming Energy Matching Funds grant.
Lavras Gold Corp. (TSXV: LGC) (OTCQX: LGCFF) has reported final assay results from its 2026 drill campaign at the Caneleira Mining Concession, part of the Lavras do Sul Project in southern Brazil.
Highlights:
9 metres of 24.30 g/t gold, including:
0.85 metres of 99.56 g/t gold
4 metres of 9.31 g/t gold, including:
2 metres of 17.29 g/t gold
15.46 metres of 4.63 g/t gold, including:
3 metres of 21.80 g/t gold
The results confirm near-surface continuity of the high-grade vein system at Caneleira and up-dip mineralisation at Caneleira East, both located near the company's Fazenda-Butia development and now being advanced toward a combined resource model.
Denarius Metals Corp. (Cboe CA: DMET) (OTCQX: DNRSF) has reported drill results from its in-fill diamond drilling programme on the Las Brisas Target at its Zancudo project in Colombia.
Highlights:
33 metres of 5.68 g/t gold, including:
3.10 metres of 20.18 g/t gold and 2.50 metres of 26.35 g/t gold
1.02 metres of 7.40 g/t gold and 437.8 g/t silver, including:
0.32 metres of 20.70 g/t gold and 1,388.8 g/t silver
1.00 metre of 41.82 g/t gold and 36.1 g/t silver, including:
0.38 metres of 108.90 g/t gold and 89 g/t silver
The programme is testing the Manto Antiguo and Santa Catalina structures at 50 by 50 metre drill centres, with a newly interpreted dextral reverse fault offsetting the mineralised structures by approximately 40 metres.
High-grade mineralisation on Manto Antiguo remains open down-plunge.
Zodiac Gold Inc. (TSXV: ZAU) (OTCQB: ZAUIF) (FSE: K19) has announced results from the Feh Feh and Lewis areas at its Todi gold project in Liberia.
Highlights:
23 metres of 0.68 g/t gold, including:
12 metres of 1.16 g/t gold
1 metre of 8.28 g/t gold
30 metres of 1.24 g/t gold
30 metres of 1.04 g/t gold
Trenching continues across multiple targets along the Monterra Trend, which runs from the Arthington discovery through the Ben Ben, Feh Feh and Lewis targets.
The company has also identified artisanal workings up to 1,450 metres outside the currently defined footprint, opening new areas for mapping, sampling and potential drill targeting.
Freegold Limited (TSX: FVL) (OTCQX: FGOVF) has reported additional drill results from its 2026 Golden Summit programme in Alaska, USA.
Highlights:
143.7 metres of 3.59 g/t gold, including:
3.0 metres of 141.3 g/t gold
523 metres of 0.75 g/t gold
134.4 metres of 1.12 g/t gold
Results from the Dolphin Area continue to show mineralised continuity and locally higher-grade intervals, with mineralisation remaining open and widening at depth.
Six rigs are active across the programme, advancing drilling, metallurgical and geotechnical work in parallel to support an updated Mineral Resource Estimate.
Avanti Gold Corp. (CSE: AGC) (FSE: X370) (OTCQB: AVTGF) has revealed additional assay results from its Phase 1 drilling programme at the Akyanga Deposit, part of the Misisi Gold Project in the Democratic Republic of the Congo.
Highlights:
3.85 metres of 12.30 g/t gold, including:
2.85 metres of 16.58 g/t gold
3.55 metres of 7.73 g/t gold, including:
2.10 metres of 12.50 g/t gold
1.10 metres of 17.58 g/t gold
The results intersected multiple zones of mineralisation within and below the pit shell used to constrain the current Mineral Resource Estimate, which stands at 40.8 million tonnes at 2.37 g/t gold for 3.11 million ounces.
Mineralisation remains open at depth and along strike.
Cabral Gold Inc. (TSXV: CBR) (OTCQX: CBGZF) has reported results from ten additional diamond drill holes at the Jerimum Cima target, part of the Cuiú Cuiú gold district in Pará, Brazil.
Highlights:
8.9 metres of 5.8 g/t gold, including:
1.8 metres of 28.4 g/t gold
9.3 metres of 2.78 g/t gold, including:
1.7 metres of 7.2 g/t gold
10.2 metres of 1.00 g/t gold
One intercept is interpreted as a new mineralised zone 200 metres south of the main zone, open to the east, west and at depth.
Drilling continues at Jerimum Cima and Machichie, aimed at generating maiden resources.
Mithril Silver and Gold Limited (TSXV: MSG) (ASX: MTH) (OTCQB: MTIRF) has reported the first systematic drilling results at Target 4 in the Copalquin-Zaragoza structure, part of its Copalquin district in Durango State, Mexico.
Highlights:
11.7 metres of 456 g/t silver equivalent, including:
3.4 metres of 1,239 g/t silver equivalent
13.95 metres of 387 g/t silver equivalent, including:
1 metre of 1,747 g/t silver equivalent
6.5 metres of 320 g/t silver equivalent, including:
0.8 metres of 1,890 g/t silver equivalent
Drilling has extended confirmed mineralisation along the structure to approximately 550 metres of strike, with a potential strike length of 1.5 km interpreted.
Pirate Gold Corp. (TSXV: YARR) (OTCQB: YARRF) has reported field exploration results from Moosehead, part of its Treasure Island Project along the Valentine Lake Fault Zone in central Newfoundland, Canada.
Highlights:
1.35 metres of 30.6 g/t gold, including:
0.40 metres of 89.7 g/t gold
6.65 metres of 4.25 g/t gold, including:
0.50 metres of 40.8 g/t gold
2.45 metres of 2.88 g/t gold, including:
0.90 metres of 4.63 g/t gold
The newly identified Caribou Fault Zone runs parallel to the Eastern and Western Trend faults.
The Rib Vein, which links the Eastern and Western Trends, has now been traced over 200 metres of strike and to depths of 90 metres, and remains open at depth.
🧐 Gold Retreats Ahead
Gold slipped today as investors awaited closely watched remarks from Federal Reserve Chair Kevin Warsh at the Jackson Hole symposium, with spot gold down 0.5% at US$4,576.30 per ounce and US gold futures easing 0.8% to $4,629.00, after touching a more than three-month high earlier in the week following the US Treasury's announcement of support measures for long-duration bonds.
Among other precious metals, spot silver fell 1% to $68.54 per ounce, palladium declined 0.8% to $1,339.84, and platinum dropped 0.6% to $1,834.83, on track for a weekly loss.
🕵️♂️ 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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