⛏️ This Week in Mining

April 27th — May 1st, 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. (CSE: PHOS | OTCQX: FRSPF | FSE: KD0), sponsoring partner of TNBR, reported infill drilling results at the Bégin-Lamarche Property, Quebec, Canada, demonstrating strong continuity of phosphate mineralisation across the Mountain, North and South zones, including multiple intervals exceeding 50 metres grading above 10% P₂O₅ and high-grade zones with massive apatite veins.

The programme also returned new intersections and further defined mineralisation at depth, supporting an updated geological model and Mineral Resource Estimate expected next month.

STLLR Gold Inc. (TSX: STLR | OTCQX: STLRF | FSE: O9D) announced drilling results at the Jonpol Deposit, Tower Gold Project, Ontario, Canada.

Highlights:

  • 22.25 metres of 6.03 g/t Au incl. 9.25 metres of 12.67 g/t Au.

  • 33.86 metres of 2.14 g/t Au incl. 2.33 metres of 14.89 g/t Au.

  • High-grade mineralisation extended near the surface.

Drilling continues to return strong, near-surface gold intercepts at Jonpol, supporting potential expansion of the open-pit strike length from ~400m to up to 1,200m.

Results confirm continuity and grade strength, with mineralisation remaining open along strike and at depth, supporting resource growth potential.

XXIX Metal Corp. (TSXV: XXIX | OTCQB: QCCUF | FSE: 5LW0) reported drilling results at the Cooke Zone, Opémiska Project, Quebec, Canada.

Highlights:

  • 7.5 metres of 32.7 g/t Au, 81.4 g/t Ag and 0.95% Cu.

  • 17.0 metres of 2.25 g/t Au.

  • 0.9 metres of 142.4 g/t Au.

Recent results highlight a growing high-grade gold-silver-copper system at Cooke, strengthening its case as a potential satellite to the Opémiska development.

The area sits outside any defined resource, while ongoing drilling confirms continuity across two mineralised zones and underscores solid upside for future resource expansion.

Luca Mining Corp. (TSXV: LUCA | OTCQX: LUCMF | FSE: Z68) reported drilling results at the Campo Morado Mine, Mexico.

Highlights:

  • 118.2 metres of 2.53 g/t Au, 77.9 g/t Ag, 0.76% Cu, 0.57% Pb, 1.99% Zn.

  • 100.7 metres of 2.80 g/t Au, 90.7 g/t Ag, 0.59% Cu, 0.71% Pb, 2.59% Zn.

  • 77.1 metres of 2.31 g/t Au, 47.1 g/t Ag, 0.77% Cu, 0.24% Pb, 0.96% Zn.

Underground drilling continues to expand high-grade polymetallic mineralisation in the unmined Largo Norte zone, with all holes intersecting mineralisation and extending the system near existing workings.

Results highlight strong continuity and potential to grow mineable resources close to infrastructure, supporting future mine plan expansion.

West Point Gold Corp. (TSXV: WPG | OTCQB: WPGCF | FSE: LRA0) announced drilling results at the Gold Chain Project, Arizona, United States.

Highlights:

  • 18.3 metres of 6.05 g/t Au.

  • 35.1 metres of 2.23 g/t Au.

  • Zone extended to 400m strike and 300m depth.

Step-out drilling continues to expand the high-grade NE Tyro zone, increasing its footprint along strike and at depth while remaining open in all directions.

Results demonstrate strong grade continuity and support the potential for a maiden resource, with further assays pending across multiple targets.

West Red Lake Gold Mines Ltd. (TSXV: WRLG | OTCQB: WRLGF) reported drilling results at the Rowan Deposit, Ontario, Canada.

Highlights:

  • 1 metre of 471 g/t Au.

  • 3 metres of 10.84 g/t Au.

  • 1 metre of 19.46 g/t Au.

Final results from the infill and conversion programme confirmed high-grade gold mineralisation across multiple veins at Rowan, including visible gold in key intercepts.

Drilling has improved confidence in the vein model and supports an updated Mineral Resource Estimate, with potential to position Rowan as a high-grade satellite feed within a broader Red Lake development strategy.

Trident Resources Corp. (TSXV: ROCK | OTCQB: TRDTF | FSE: 6BP0) reported drilling results at the Contact Lake Gold Project, Saskatchewan, Canada.

Highlights:

  • 51.83 metres of 15.11 g/t Au.

  • 21.50 metres of 5.07 g/t Au.

  • High-grade cores within broad mineralised zones.

Drilling in the BK3 Zone returned the strongest results to date, confirming wide, high-grade gold mineralisation with strong continuity.

The system remains open in all directions, supporting significant expansion potential across multiple shear zones.

Mercado Minerals Ltd. (CSE: MERC | OTCQB: MRMNF) announced drilling results at the Copalito Project, Mexico.

Highlights:

  • 6.50 metres of 256 g/t silver, 1.45 g/t gold, 0.32% lead and 1.06% zinc.

  • 7.25 metres of 89 g/t silver, 0.46 g/t gold, 0.12% lead and 0.49% zinc.

  • 16.70 metres of 30 g/t silver, 0.18 g/t gold, 0.21% lead and 0.72% zinc.

Initial drilling confirms continuity of the 5 Señores vein with high-grade silver-gold zones and potential for thicker, higher-grade shoots linked to structural flexures.

The company is progressing to test additional veins, including El Agua and El Pilar, as it advances its 3,000-metre programme.

Great Pacific Gold Corp. (TSXV: GPAC | OTCQX: GPGCF) reported drilling results at the Kavasuki prospect, Wild Dog Project, Papua New Guinea.

Highlights:

  • 58.9 metres of 2.50 g/t AuEq, including:

    • 4.6 metres of 8.56 g/t AuEq.

  • 38.4 metres of 2.23 g/t AuEq, including:

    • 2.2 metres of 16.24 g/t AuEq.

  • 59.9 metres of 1.43 g/t AuEq, including:

    • 14.0 metres of 2.69 g/t AuEq.

Drilling results  support a broad, structurally controlled hydrothermal system with higher-grade zones within a wider mineralised envelope.

Ongoing drilling and step-outs aim to define scale, continuity and target higher-grade lenses.

Selkirk Copper Mines Inc. (TSXV: SCMI | OTCQB: SKRKF) announced drilling results at the Minto Mine, Yukon, Canada.

Highlights:

  • 14.7 metres of 4.19% Cu, 2.50 g/t Au and 21.15 g/t Ag.

  • 6.6 metres of 6.60% Cu, 5.18 g/t Au and 27.02 g/t Ag.

  • 14.4 metres of 2.68% Cu, 1.81 g/t Au and 11.91 g/t Ag.

Step-out drilling continues to expand mineralisation and define new high-grade lenses, supporting ongoing resource growth.

Radisson Mining Resources Inc. (TSXV: RDS | OTCQX: RMRDF) reported drilling results at the O’Brien Gold Project, Québec, Canada.

Highlights:

  • 12.0 metres of 4.54 g/t Au, including:

    • 1.0 metre of 16.85 g/t Au and 1.0 metre of 12.87 g/t Au.

  • 6.9 metres of 5.96 g/t Au, including:

    • 3.7 metres of 8.77 g/t Au and 1.5 metres of 11.65 g/t Au.

  • 1.5 metres of 20.39 g/t Au and 1.5 metres of 16.61 g/t Au.

Extends high-grade gold mineralisation to 1.9 km depth, confirming strong continuity and expansion potential beyond the current resource.

🐦 Phosphate Strategic Shift

First Phosphate Corp. - Sponsoring Partner of The Next Big Rush

🧐 Gold Under Pressure

Gold prices rebounded to around US$4,600 per ounce, recovering from recent lows as a softer US dollar provided near-term support to bullion.

However, gains remained limited as elevated interest rates continued to weigh on sentiment, reinforcing expectations that monetary policy will stay restrictive for longer.

This environment kept pressure on non-yielding assets, while firmer bond yields added an additional headwind to gold’s upside momentum.

Although the rebound reflects short-term currency-driven buying, the broader focus remains on macro policy signals, with gold still trading near recent ranges and on track for a monthly decline.

Founders Metals (TSXV: FDR | OTCQX: FDMIF) reported drilling results at the Antino Gold Project, Suriname.

Highlights:

  • 6.0 metres of 12.95 g/t gold.

  • 18.0 metres of 0.68 g/t gold.

  • Broad mineralisation continues along strike with step-out drilling.

Drilling at Lower Antino confirmed a high-grade component within a broader tonalite-hosted gold system, with the standout intercept extending mineralisation approximately 250 metres west.

Ongoing step-out drilling to the east and south continues to expand the footprint, supporting the presence of a large, structurally controlled gold system with further growth potential in Suriname.

📺 Must Watch

🕵️‍♂️ 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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