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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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Goldgroup Mining Inc. (TSXV: GORO) (NYSE American: GORO) (FSE: 55G) reported assay results from the La Chicharra Pit at the San Francisco Gold Project in Sonora, Mexico.
Highlights:
57.0 metres of 1.02 g/t gold, including:
4.75 metres of 5.26 g/t gold.
19.0 metres of 1.49 g/t gold, including:
3.80 metres of 3.28 g/t gold.
16.22 metres of 1.11 g/t gold.
The results come from the La Chicharra Pit, one of two historically producing open pits at the project.
About 75% of the 26,000-metre drill programme is complete.
The results will feed into resource models and studies on a potential restart of operations.
Spanish Mountain Gold Ltd. (TSXV: SPA) (FSE: S3Y) (OTCQB: SPAUF) reported assay results and an updated PEA for the Spanish Mountain Gold project in British Columbia.
Highlights:
138.55 metres of 0.50 g/t gold, including:
40.70 metres of 1.26 g/t gold.
174.0 metres of 0.29 g/t gold, including:
43.0 metres of 0.93 g/t gold.
219.20 metres of 0.29 g/t gold, including:
28.0 metres of 0.96 g/t gold.
The updated PEA outlines a potentially larger pit with about 348 Mt of mill feed at 0.39 g/t gold, for 4.4 Moz.
About 47,000 metres of the 60,000-metre feasibility programme are complete, with results pending for 49 holes.
The feasibility study is targeted for H1 2028.
Heliostar Metals Ltd. (TSX: HSTR) (OTCQX: HSTXF) (FSE: RGG1) reported drill results from the San Agustin Mine in Durango, Mexico.
Highlights:
24.4 metres of 3.44 g/t AuEq.
100.6 metres of 0.42 g/t AuEq.
40.9 metres of 0.99 g/t AuEq.
The intercepts show shallow oxide gold at the new East Wall Zone and the Corner Expansion Zone, more than 200 metres from current reserves.
The company is targeting up to two years of mine life extension.
The drill programme has been increased to 25,000–30,000 metres.
Goldsky Resources Corp. (TSXV: GSKR) (FNSE: GSKR SDB) (OTCQX: GSKRF) (FRA: HEG0) reported its first assay results from the Barsele Gold Project in Sweden.
Highlights:
75.30 metres of 4.61 g/t gold.
87.00 metres of 2.58 g/t gold.
Both intervals come from the first infill hole at the Skiråsen zone, and the deeper interval continues to the last sample assayed.
Results are still to come from 22 holes in the 25,000-metre programme, including three more at Skiråsen.
Sun Valley Minerals Inc. (TSXV: SUNV) reported trench results from the Tarumán Main Gold-Silver Project in Uruguay.
Highlights:
23.65 metres of 10.03 g/t gold, including:
8.70 metres of 24.02 g/t gold.
64.60 metres of 2.61 g/t gold, including:
27.30 metres of 5.01 g/t gold.
127.30 metres of 1.16 g/t gold, including:
14.10 metres of 4.57 g/t gold.
The results are mainly in weathered regolith with some supergene enrichment, so they may not be representative of mineralisation at depth.
Results for 764 metres of trenching are still pending, and the first drill samples are scheduled for dispatch.
Scorpio Gold Corporation (NASDAQ: SGLD) (TSXV: SGLD) (OTCQB: SRCRF) (FSE: RY9) reported drill results from the April Fool target at its Manhattan District Project in Nevada, USA.
Highlights:
13.05 metres of 9.4 g/t gold, including:
4.11 metres of 19.83 g/t gold.
2.44 metres of 16.03 g/t gold.
45.57 metres of 0.33 g/t gold.
This is the first modern drilling at April Fool, about 850 metres from the core resource area.
Gold occurs in hydrothermal breccias along a faulted contact, similar to the Zanzibar Trend.
Assays are pending from nine holes, and Keystone Jumbo is the next target.
Awalé Resources Limited (TSXV: ARIC) (OTCQX: AWLRF) (FSE: 2F60) reported diamond drilling results at Charger, part of the Odienné Project in Côte d'Ivoire.
Highlights:
57.00 metres of 10.6 g/t gold, including:
20.00 metres of 19.6 g/t gold, including:
13.00 metres of 29.0 g/t gold.
28.00 metres of 3.5 g/t gold, including:
5.00 metres of 12.3 g/t gold.
18.00 metres of 3.0 g/t gold, including:
7.00 metres of 5.3 g/t gold.
The results connect Charger 1 and 2 into one continuous system over about 300 metres of strike and 400 metres vertically.
The system sits outside the May 2026 resource and remains open at depth and along strike.
Results from 27 further Charger holes are pending, with BBM results expected in the coming weeks.
Troilus Mining Corp. (TSX: TLG) (OTCQX: CHXMF) (FSE: CM5) reported Z87 optimisation drilling results at the Troilus Project in Quebec.
Highlights:
34 metres of 1.33 g/t AuEq, including:
12 metres of 3.08 g/t AuEq.
59.5 metres of 1.09 g/t AuEq, including:
11 metres of 2.32 g/t AuEq.
131 metres of 0.78 g/t AuEq, including:
42.4 metres of 1.41 g/t AuEq.
The top intercept comes from a historically unsampled part of the Z87 hangingwall.
The others come from Inferred material within and below the Reserve pit, areas the block model treats as waste or Inferred.
None of the 2026 drilling is in the current Mineral Resource estimate, and the results will feed future modelling on waste-to-ore conversion and strip ratio improvements.
Tudor Gold Corp. (TSXV: TUD) (FSE: H56) reported results from the Perfectstorm Zone at the Treaty Creek Project in British Columbia.
Highlights:
9.50 metres of 9.00 g/t gold, including:
3.62 metres of 22.29 g/t gold, including:
1.20 metres of 43.29 g/t gold.
37.50 metres of 2.25 g/t gold, including:
10.50 metres of 5.25 g/t gold, including:
4.50 metres of 10.17 g/t gold.
21.60 metres of 1.77 g/t gold, including:
3.55 metres of 6.89 g/t gold.
The results point to a new high-grade gold system about 500 metres northwest of earlier porphyry drilling, down-dip of surface samples grading up to 35.66 g/t gold.
A separate hole extended the PSP Zone 220 metres at depth.
Assays are pending for 19 holes, and a maiden resource for the PSP Zone follows.
Tiger Gold Corp. (TSXV: TIGR) (OTCQB: TGRGF) (FSE: D150) reported drill results from the Ceibal target at the Quinchía Gold Project in Colombia.
Highlights:
538.1 metres of 0.5 g/t gold, including:
10 metres of 1.1 g/t gold.
386 metres of 0.6 g/t gold, including:
18 metres of 1.1 g/t gold.
6 metres of 2.1 g/t gold.
Both holes were mineralised from the surface, and the zone remains open at depth and to the west and southwest.
Three rigs are drilling, with results pending from 13 holes, ahead of a maiden resource and an expanded PEA.
Prospector Metals Corp. (TSXV: PPP) (OTCQB: PMCOF) (FSE: 1ET0) reported drill results from the ML Project in Yukon.
Highlights:
22.06 metres of 5.91 g/t gold, including:
8.58 metres of 14.32 g/t gold.
8.79 metres of 5.83 g/t gold, including:
2.16 metres of 15.27 g/t gold.
11.31 metres of 3.12 g/t gold.
The TESS zone was extended 50 metres to the southwest.
The first hole at the new Rubble trend, 3 km away, also hit gold, with surface samples grading from 9.65 to 93.8 g/t gold.
Assays are pending for 52 holes.
Metal Energy Corp. (TSXV: MERG) (OTCQB: MEEEF) reported its first drilling results from the NIV Project in British Columbia.
Highlights:
426.00 metres of 0.17% CuEq, including:
39.35 metres of 0.41% CuEq, including:
11.00 metres of 0.95% CuEq.
326.45 metres of 0.17% CuEq, including:
117.00 metres of 0.25% CuEq, including:
6.00 metres of 0.89% CuEq.
43.94 metres of 0.30% CuEq, including:
2.00 metres of 2.00% CuEq.
Grade, gold content and alteration increase to the north, where the northernmost hole returned the best results.
The ground beyond it and the core of the magnetic high remain undrilled.
Assays for six holes are pending, and step-out drilling to the north is planned for 2027.
Pirate Gold Corp. (TSXV: YARR) (OTCQB: YARRF) reported results from the Moby Dick discovery at the Treasure Island Project in Newfoundland, Canada.
Highlights:
261.0 metres of 0.23% CuEq, including:
57.0 metres of 0.34% CuEq, and
20.0 metres of 0.51% CuEq.
286.0 metres of 0.15% CuEq, including:
19.3 metres of 0.40% CuEq.
137.0 metres of 0.19% CuEq, including:
61.6 metres of 0.23% CuEq, including:
20.0 metres of 0.36% CuEq.
Copper-gold mineralisation now spans about 2 km of strike, with a porphyry intrusion inside a 2.7-km magnetite corridor.
Assays are pending from 20 holes, 19 of which show visible chalcopyrite or molybdenite.
Barge drilling continues on Crippleback Lake, and Mobile MT survey results are due in mid-November.
📈 Gold Battles Back
Gold prices recovered today as bargain hunters stepped in following the previous session's steep decline, which had pushed bullion to its lowest level in more than a year.
Spot gold rose around 0.5% to $3,894.52 per ounce, while US gold futures gained 0.4% to $3,898.70.
Despite the recovery, gold remained on track for a weekly loss of nearly 4%, pressured by rising oil prices, renewed inflation concerns and expectations of further US Federal Reserve interest-rate increases.
Investors are now awaiting US Producer Price Index data for fresh clues on inflation and monetary policy, with markets pricing in an 88% chance of a 25-basis-point rate hike in December.
🕵️♂️ Lobo Tiggre, AKA Louis James
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🚨 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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