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⛏️ This Week in Mining
August 4th — August 7th, 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 (CSE: PHOS | OTCQX: FRSPF), a sponsoring partner of TNBR, has secured C$4.84 million in non-repayable funding from the Government of Canada to advance infrastructure supporting its Bégin-Lamarche phosphate project in Quebec.
The funding includes C$3.07 million for power transmission studies and C$1.77 million for road infrastructure planning, complementing the C$16.7 million previously awarded in March 2026.
The investment aims to strengthen critical mineral supply chains and support the future production of high-purity phosphate for North America's LFP battery industry.

Tiger Gold Corp. (TSXV: TIGR | OTCQB: TGRGF), a sponsoring partner of TNBR, has completed the vertical amalgamation of its wholly owned subsidiary, Tiger Gold Resources Corp., to simplify its corporate structure, reduce administrative costs, and improve operational efficiency.
The transaction does not affect Tiger's name, share capital, or TSX Venture Exchange listing, with all of the subsidiary's assets and liabilities now assumed by the parent company.
Tiger also clarified that Independent Trading Group (ITG) provides the funds and securities used for its previously announced market-making activities.
Revival Gold Inc. (TSXV: RVG | OTCQX: RVLGF) reported drill results from the Joss area at its Beartrack-Arnett Project in Idaho, USA.
Highlights:
131.70 metres of 3.43 g/t gold.
Including 42.50 metres of 6.56 g/t gold.
Including 12.10 metres of 11.58 g/t gold.
The intercept points to the development of a high-grade north-plunging shoot within the Panther Creek Shear Zone and confirms that mineralisation at Joss remains open along strike and at depth, supporting further resource growth potential.
STLLR Gold Inc. (TSX: STLR | OTCQX: STLRF) announced additional drill results from the Jonpol Deposit at its Tower Gold Project in Ontario, Canada.
Highlights:
15.70 metres of 3.11 g/t gold, including:
1.00 metre of 5.15 g/t gold and 0.72 metres of 49.20 g/t gold.
33.77 metres of 1.44 g/t gold, including:
9.69 metres of 2.36 g/t gold.
16.00 metres of 2.41 g/t gold, including:
1.00 metre of 4.71 g/t gold.
Drilling at Jonpol continues to confirm strong grade continuity and the potential to extend mineralisation along the western strike.
The results support resource growth and could enhance the overall economics of the Tower Gold Project.
Aztec Minerals Corp. (TSXV: AZT | OTCQB: AZZTF) revealed results from nine reverse circulation drill holes at its Tombstone Project in Arizona, USA.
Highlights:
97.50 metres of 1.06 g/t gold and 16.08 g/t silver, including:
18.30 metres of 4.60 g/t gold and 52.49 g/t silver.
6.10 metres of 12.17 g/t gold and 69.08 g/t silver.
88.40 metres of 1.42 g/t gold and 14.58 g/t silver, including:
12.20 metres of 6.38 g/t gold and 33.93 g/t silver.
6.10 metres of 12.23 g/t gold and 56.28 g/t silver.
13.70 metres of 1.50 g/t gold and 23.56 g/t silver, including:
7.60 metres of 2.64 g/t gold and 40.72 g/t silver.
The first drilling in the North Extension Zone confirms that shallow oxide gold-silver mineralisation extends beyond the previously defined footprint and remains open to the north and at depth.
With assays pending from 11 additional step-out holes, Aztec continues to advance its maiden resource estimate while testing the growing scale of the Tombstone system.
Val-d'Or Mining Corporation (TSXV: VZZ | OTCQB: VDOMF) reported initial drill results from the Perestroika Prospect in Québec, Canada.
Highlights:
84.00 metres of 3.08 g/t gold.
21.30 metres of 3.07 g/t gold.
The first assay results confirm broad, high-grade gold mineralisation within the Perestroika corridor, supporting the model of stacked gold-bearing quartz-ankerite veins over a strike length exceeding 500 metres.
With thousands of assays still pending, the 2026 drill programme continues to demonstrate the project's potential for further resource growth.
Galway Metals Inc. (TSXV: GWM | OTCQB: GAYMF) announced results from 14 diamond drill holes at the Southwest Deposit within its Clarence Stream Gold Project in New Brunswick, Canada.
Highlights:
48.00 metres of 2.60 g/t gold, including:
3.00 metres of 9.90 g/t gold and 2.00 metres of 21.30 g/t gold.
31.00 metres of 1.70 g/t gold, including:
5.00 metres of 4.30 g/t gold and 1.00 metre of 14.00 g/t gold.
5.00 metres of 5.30 g/t gold, including:
1.00 metre of 22.40 g/t gold.
The infill drilling confirmed broad, continuous gold mineralisation within the Southwest Deposit, with several intercepts exceeding the current resource model.
The results support potential expansion of mineralised zones within the existing pit shell and strengthen confidence as Galway advances the Clarence Stream Preliminary Economic Assessment.
Luca Mining (TSXV: LUCA | OTCQX: LUCMF) reported new underground and surface drill results from its Campo Morado Mine in Guerrero, Mexico.
Highlights:
183.70 metres of 1.18 g/t gold, 72.42 g/t silver, 0.39% copper, 0.45% lead and 1.67% zinc, including:
18.30 metres of 2.64 g/t gold, 152.34 g/t silver, 0.53% copper, 1.05% lead and 2.52% zinc.
90.60 metres of 0.99 g/t gold, 40.07 g/t silver, 0.94% copper, 0.18% lead and 0.73% zinc, including:
11.70 metres of 2.86 g/t gold, 43.73 g/t silver, 0.96% copper, 0.68% lead and 1.55% zinc.
9.60 metres of 4.05 g/t gold, 241.09 g/t silver, 0.90% copper, 1.57% lead and 2.72% zinc, including:
1.20 metres of 5.83 g/t gold, 509.00 g/t silver, 0.70% copper, 2.63% lead and 0.42% zinc.
The drilling continues to expand mineralisation beyond the current mine plan, with multiple unmined zones showing potential to grow resources, extend mine life and improve production flexibility at Campo Morado.
Tocvan Ventures (CSE: TOC | OTCQB: TCVNF) reported a new near-surface gold-silver discovery along the El Mezquite Trend at its Gran Pilar Project in Sonora, Mexico.
Highlights:
215.00 metres of 0.60 g/t gold from 36.60 metres downhole.
70.20 metres of 0.90 g/t gold, including:
6.10 metres of 4.90 g/t gold and 27 g/t silver, including 1.50 metres of 10.00 g/t gold and 74 g/t silver.
86.90 metres of 0.60 g/t gold, including:
1.50 metres of 16.00 g/t gold and 57 g/t silver.
The new discovery lies along the 1.2-kilometre El Mezquite trend, just 1.9 kilometres from Tocvan's planned pilot production facility, highlighting the project's growth potential.
Results are pending for a further 5,521 metres of drilling completed this year.
Teuton Resources (TSX-V: TUO | OTCQB: TEUTF) reported initial drill results from the Perfectstorm Zone at the Treaty Creek Project in British Columbia's Golden Triangle, Canada.
Highlights:
82.90 metres of 0.24 g/t gold, 2.11 g/t silver and 0.21% copper, including:
30.85 metres of 0.23 g/t gold, 3.11 g/t silver and 0.30% copper.
74.15 metres of 0.78 g/t gold and 2.90 g/t silver, including:
9.10 metres of 2.16 g/t gold and 3.18 g/t silver.
67.35 metres of 0.34 g/t gold, 1.89 g/t silver and 0.27% copper, including:
16.35 metres of 0.46 g/t gold, 3.09 g/t silver and 0.37% copper.
The first four drill holes confirmed both a newly identified copper-gold-silver-molybdenum porphyry system and a gold-silver epithermal trend, with both mineralised zones remaining open in multiple directions and highlighting significant exploration upside at Treaty Creek.
😎 Gold Rally Continues
Gold climbed more than 1% today and is on track for its strongest weekly gain since January, with spot gold trading around $4,309/oz and U.S. gold futures near $4,368/oz.
The rally has been driven by easing inflation concerns following lower oil prices and growing expectations that the U.S. Federal Reserve may take a less aggressive stance on interest rates.
Markets are now focused on U.S. non-farm payrolls data for further clues on monetary policy, while UBS has raised its long-term outlook, forecasting gold could reach $5,000/oz in the first half of 2027.
🕵️♂️ Lobo Tiggre, AKA Louis James
📺 Must Watch
First Phosphate Corp. - Sponsoring Partner of The Next Big Rush

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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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