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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
District Metals Corp. (TSXV: DMX) (Nasdaq First North: DMXSE SDB) (OTCQX: DMXCF) (FSE: DFPP), a sponsoring partner of TNBR, reported geochemical results from its summer 2026 field programme at the Nianfors Property in Gävleborgs County, Sweden.
Highlights:
4 to 937 ppm U3O8.
7 to 667 ppm Y₂O₃.
<1 to 509 ppm Mo.
The highest uranium values came from the Majsaberget occurrence, an undrilled field of 889 historically mineralised boulders across roughly 500 by 200 metres.
Results will be integrated with mapping and radiometric data to advance priority areas toward drill targeting.
Onyx Gold Corp. (TSXV: ONYX) (OTCQX: ONXGF) released drill results from the Munro-Croesus Project in Ontario, Canada.
Highlights:
166.0 metres of 0.7 g/t Au, including:
21.7 metres of 1.6 g/t Au.
3.0 metres of 5.8 g/t Au.
2.3 metres of 18.8 g/t Au, including:
1.2 metres of 25.2 g/t Au.
10.4 metres of 1.4 g/t Au, including:
5.4 metres of 2.0 g/t Au.
0.7 metres of 6.0 g/t Au.
First-pass drilling at Big Break and JM has extended gold mineralisation along the Pipestone Fault to an approximately 2.6-kilometre trend.
Around 91% of the 110,000-metre programme is complete, with four rigs active and results pending for 118 holes.
Rocky Shore Gold Ltd. (CSE: RSG) (OTCQB: RSGLF) announced drill results from the Gold Anchor Project in Newfoundland, Canada.
Highlights:
94.10 metres of 0.77 g/t Au, including:
2.50 metres of 7.88 g/t Au.
154.78 metres of 0.34 g/t Au, including:
11.40 metres of 1.01 g/t Au.
50.00 metres of 1.01 g/t Au, including:
4.70 metres of 2.75 g/t Au.
The newly discovered MTH Zone, a sulphide-rich sedimentary horizon, has been traced more than 400 metres east of the Mosquito Deposit resource limits and remains open in all directions.
The drill programme has been expanded to 20,000 metres.
Goldsky Resources Corp (TSXV: GSKR) (FNSE: GSKR SDB) (OTCQX: GSKRF) (FRA: HEG0) has reported assay results from its 2026 infill drill programme at the Rajapalot Gold-Cobalt Project in Northern Finland.
Highlights:
12.6 metres of 233.56 g/t gold, including:
3.0 metres of 969 g/t gold.
1.0 metre of 2,800 g/t gold.
17.35 metres of 16.46 g/t gold, including:
5.5 metres of 28.24 g/t gold.
6.15 metres of 24.16 g/t gold.
Infill holes at Raja, Palokas and South Palokas returned grades and thicknesses comparable with adjacent intercepts, with the top Raja result grading 14.19 g/t gold at the 50 g/t top cut used in the current resource.
SLR is completing an updated Mineral Resource estimate, expected in early November 2026, to support an updated PEA.
Awalé Resources Limited (TSXV: ARIC) (OTCQX: AWLRF) (FSE: 2F60) has announced step-out drill results connecting Charger 1 and Charger 2 at its Odienné Project in Côte d’Ivoire.
Highlights:
25 metres of 8.7 g/t gold, including:
3 metres of 36.5 g/t gold.
28 metres of 7.0 g/t gold, including:
20 metres of 9.0 g/t gold.
49 metres of 4.7 g/t gold, including:
8 metres of 10.4 g/t gold.
Mineralisation now extends approximately 300 metres along strike and 400 metres vertically, with estimated true widths of up to 34 metres, and remains open at depth and down-plunge.
Results from a further 33 Charger holes are pending, with additional results from Charger and BBM expected over the coming weeks.
Nevada King Gold Corp. (TSXV: NKG) (OTCQX: NKGFF) has released RAB drill results from the East Ridge and Silver Park targets at its Atlanta Gold Mine Project in eastern Nevada, United States.
Highlights:
29.3 metres of 2.58 g/t gold.
26.8 metres of 1.04 g/t gold.
29.3 metres of 0.47 g/t gold.
All three East Ridge intercepts start at surface, with two ending in mineralisation at the 30 metre limit of the RAB rig, while drilling at Silver Park continues to identify near-surface oxide gold.
Both targets will be followed up with deeper RC drilling to test vertical and lateral continuity.
District Metals Corp. (TSXV: DMX) (Nasdaq First North: DMXSE SDB) (OTCQX: DMXCF) (FSE: DFPP), a sponsoring partner of TNBR, has reported geochemical results from reconnaissance sampling at its Sågtjärn Property in Sweden.
Highlights:
3,656 ppm U3O8 from a mineralised gneiss boulder.
3,538 ppm U3O8 from a mineralised boulder.
2,594 ppm U3O8 from a mineralised boulder.
Pegmatite-associated uranium mineralisation was traced over approximately 2 km of strike beyond the historically drilled Sågtjärn Deposit, with additional boulders returning up to 5,250 ppm Mo, 333 ppm Co and 1,800 ppm Cu.
The company plans follow-up exploration at Hammarmyran and Staverberget, where mineralised boulders were found 1 to 1.5 km beyond historic drilling.
Newcore Gold Ltd. (TSX-V: NCAU) (OTCQX: NCAUF) announced diamond drill results from the Nyam Gold Deposit at its Enchi Gold Project in Ghana.
Highlights:
37.00 metres of 2.16 g/t gold, including:
9.00 metres of 5.10 g/t gold.
40.00 metres of 0.82 g/t gold, including:
9.00 metres of 2.12 g/t gold.
21.00 metres of 1.51 g/t gold, including:
5.00 metres of 5.37 g/t gold.
Drilling tested down dip and lateral extensions of a southern high-grade shoot below the pits constraining the Mineral Reserves, with all deposits at Enchi remaining open along strike and at depth.
The 80,000 metre programme is ongoing, with results expected to feed into future economic studies.
Blossom Gold Inc. (TSX: BGAU) (OTCQX: BGAUF) has released further drill results from its Rosebud Project in Nevada, USA.
Highlights:
128.00 metres of 1.19 g/t gold, including:
37.10 metres of 2.82 g/t gold.
233.10 metres of 0.28 g/t gold.
269.20 metres of 0.17 g/t gold, including:
17.40 metres of 0.50 g/t gold.
Drilling intersected mineralisation in a previously unmined gap between the North and East mined zones, with follow-up exploration and metallurgical core drilling underway.
An 8,230 metre underground infill programme is expected to begin in December, with an updated Mineral Resource Estimate due in the first quarter of 2027.
Miata Metals Corp. (TSXV: MMET) (FSE: 8NQ) (OTCQX: MMETF) has reported drill results from its Sela Creek Gold Project in Suriname.
Highlights:
13.59 metres of 10.33 g/t gold, including:
3.56 metres of 37.62 g/t gold.
21.00 metres of 1.01 g/t gold, including:
6.95 metres of 1.45 g/t gold.
4.52 metres of 1.14 g/t gold.
The results are from a step-out at central Jons Trend and indicate multiple stacked mineralised zones.
Drilling under the ongoing 25,000 metre programme is focused on extending these zones along plunge and at depth.
Luca Mining Corp. (TSXV: LUCA) (OTCQX: LUCMF) (Frankfurt: Z68) has announced drill results from its Tahuehueto gold-silver mine in Durango, Mexico.
Highlights:
18.70 metres of 6.28 g/t AuEq, including:
7.80 metres of 7.14 g/t AuEq.
7.10 metres of 8.55 g/t AuEq.
11.60 metres of 5.21 g/t AuEq, including:
1.20 metres of 9.90 g/t AuEq.
13.70 metres of 3.33 g/t AuEq, including:
0.70 metres of 8.57 g/t AuEq.
The Creston Vein intercept returned a wider and higher-grade interval than anticipated in the resource model, within an area close to existing underground infrastructure scheduled for mining in the first half of 2027.
Drilling will continue at Creston, Perdido, Catorce and Santiago, alongside testing of the gap between the Creston and Santiago vein systems.
Tiger Gold Corp. (TSXV: TIGR) (FSE: D150) (OTCQB: TGRGF) has reported drill results from the Ceibal target at its Quinchía Gold Project in Colombia.
Highlights:
450.90 metres of 0.6 g/t gold, including:
9.00 metres of 1.4 g/t gold.
8.00 metres of 1.3 g/t gold.
The hole ended in mineralisation and is the fourth on its section line to return a long interval from at or near surface, with assays pending from a 175 metre step-out to the southwest.
Three rigs are drilling at Ceibal to support a maiden Mineral Resource estimate as part of an expanded PEA.
Mithril Silver and Gold Limited (TSXV: MSG) (ASX: MTH) (OTCQB: MTIRF) has reported drilling and surface sampling results from Target 4 at its Copalquin property in Durango State, Mexico.
Highlights:
0.50 metres of 1,738 g/t AgEq.
1.15 metres of 1,048 g/t AgEq.
2.65 metres of 411 g/t AgEq, including:
0.90 metres of 622 g/t AgEq.
Drilling has extended mineralisation along the Copalquin-Zaragoza structure from 550 to 700 metres of strike across two sub-parallel veins, while channel sampling at the historical San Manuel mine returned up to 16.55 g/t gold and 616 g/t silver over 0.6 metres.
Assays are pending from further step-out holes, and the structure remains open for approximately 400 metres in both directions.
📉 Gold Breaks $4,000
Gold prices fell to their lowest level since mid-July, with spot gold dropping 0.6% to $3,995.42 per ounce, as rising oil prices and stronger-than-expected US economic data fuelled expectations of further interest-rate increases.
Gold is now heading for its second consecutive monthly decline, down 3.8% in October. US GDP growth exceeded expectations, while September inflation accelerated, strengthening the possibility of a Federal Reserve rate hike in December, with traders pricing in a 74% probability.
Higher interest rates make non-yielding gold less attractive, adding further pressure to prices. However, UBS expects gold could recover to $5,000 or higher next year if the Fed eventually resumes cutting rates and inflation eases.
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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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