u/NazzDaxx

Posted on behalf of Sierra Madre Gold - Most of the attention on this company lately has gone to the Del Toro acquisition, but the quieter story sits right beside its producing La Guitarra mill in Estado de Mexico (SM.v, and SMDRF for US investors).

The East District of the Guitarra complex covers the historic Temascaltepec mining area, and per the company's October 23, 2025 news release it is the last of the six major Spanish Colonial production centres in Mexico that has never been systematically mapped, drilled, and evaluated with modern tools. That is now changing.

The Groundwork

• A US$3.5M exploration program has been underway since October 2025, focused on drill target definition: surface mapping, surveying, sampling of historic workings, and structural analysis (Oct 23, 2025 NR) .
• Over 39 km of structures mapped to date, plus numerous historic mines across the district .
• Federal land-use authorization secured at Tlacotal, reclassifying 34.7 ha from agriculture and forestry to mining use, with land purchase agreements executed over an adjacent 33.1 ha (Jan 27, 2026 NR) .
• Tlacotal is positioned as a staging area for East District exploration and sits near the Santa Ana vein deposit which already hosts silver-gold resources per the 2023 NI 43-101 report. Resources, to be clear, not reserves.

The Drill Program

• A 30,000 m East District drill program is planned to start in H2 2026 (per the April 29, 2026 year-end NR) . That window has just opened.
• This is separate from the roughly 30,000 m program planned at the newly acquired Del Toro project in Zacatecas.
• The company has said it anticipates funding the East District program from treasury and cash flow (Oct 23, 2025 NR) .

Why It Matters
Any discovery here is a short haul from a mill that has been in commercial production since January 2025 and is being expanded in two stages, Phase 1 targeting 750-800 tpd and Phase 2 targeting 1,200-1,500 tpd by Q3 2027. Drilling next to owned, operating infrastructure means results have a clear path toward mill feed rather than sitting in a resource table.

With targets defined, ground secured, and drills slated to turn this half, the East District gives a producing company a genuine discovery angle on its own doorstep, and room for the story to grow beyond the two mines the market is already watching. For the background, see the company's October 23, 2025 and January 27, 2026 news releases.

Posted on behalf of Minaurum Silver - Pull up the drill map at the 100%-owned Alamos Silver Project in Sonora, Mexico, MGG.v and MMRGF for US investors, and the most interesting part isn't the initial resource, it's how much of the district sits outside it.
The initial estimate was defined across portions of just three of the 26 identified vein zones (see Jan 28, 2026 MRE news release), and the Phase II program is now putting drills into veins that have never been in a resource estimate.

What's in the Estimate Today

• An initial inferred resource of 5.37 Mt grading 202 g/t silver, 0.21 g/t gold, 0.43% copper, 0.97% lead and 2.01% zinc, or 320 g/t AgEq, containing 34.8 Moz silver, 35,640 oz gold, 51.0 Mlbs copper, 115 Mlbs lead and 238 Mlbs zinc, or 55.2 Moz AgEq (see Jan 28, 2026 MRE news release)
• It covers portions of the Promontorio, Travesía and Europa veins only, supported by 104 drill holes with each vein zone included remaining open for expansion

Where the Six Rigs Are Drilling

• Six rigs are running the 50,000 m Phase II program: step-outs on the veins with established resources at Europa and Promontorio-Travesía, plus resource-definition drilling on additional veins including San José, Quintera, Cotera-Pulpito and Minas Nuevas (Feb 26, 2026 NR)
• The runway is real: 26 vein zones across an 11 km by 6 km area, with 263 drill pads already permitted (Nov 27, 2025 NR)

Early Signs From the New Zones

• Quintera cut 5.30 m of 570 g/t silver (633 g/t AgEq), including 2.50 m of 1,024 g/t silver (1,120 g/t AgEq), in hole AL26-180W, and 5.80 m of 581 g/t silver (658 g/t AgEq) in hole AL26-188, results the company noted came from vein zones not included in the initial resource estimate (Mar 31, 2026 NR)
• The May 27, 2026 NR added continued high-grade results from Travesía and San José alongside Europa Sur hole AL26-196: 3.20 m of 882 g/t AgEq, or 453 g/t silver, 1.19 g/t gold, 2.29% copper, 1.50% lead and 1.99% zinc

All of this feeds one deliverable: 
the updated resource estimate the company intends to provide in the second half of 2026. With definition drilling now underway on veins beyond the original three, there's potential for the next estimate to capture more of the district than the first one did. For the latest assay tables and section maps, see the company's May 27 news release.

Posted on behalf of Bullfrog Gold Corporation - Before AngloGold Ashanti spent roughly US$700M consolidating Nevada's Beatty District, geologist Daniel MacNeil quietly staked the ground sitting in the middle of it. Five years later, he's the VP Exploration of Bullfrog Gold, FROG.v, and the project he staked, South Bullfrog, is the one he's now steering toward a maiden drill program.

The Continuity Story

• MacNeil, MSc, P.Geo, is an economic geologist with extensive Nevada gold experience and the founder of Vector Geological Solutions (see Jun 1, 2026 NR)
• He originally staked South Bullfrog in 2021 and has supervised all exploration on the property since: the mapping, geochemistry, IP, gravity, LiDAR and hyperspectral work that built today's target base
• He was appointed VP Exploration effective June 1, 2026, alongside the company's name and symbol change to FROG, and serves as the project's NI 43-101 qualified person.

That continuity matters at this stage. The fie fully permitted, drill-ready targets at South Bullfrog came out of programs MacNeil ran himself, and the field crews mapping and rock chip sampling across all five target areas since June 3 are refining targets under the same technical lead.

CEO Ian Slater put it plainly: "We had the foresight to stake South Bullfrog in 2021 prior to consolidation of the district by AngloGold" (Jun 4, 2026 NR).

So when drill targets get finalized, the person choosing where the first holes go will be the one who has walked this ground from day one. In early-stage exploration, that kind of institutional knowledge is about as close to an edge as it gets, and it sets up an interesting second half of 2026.

The full background is in the company's June 1 news release.

Posted on behalf of Pacific Ridge Exploration - Kliyul gets most of the attention, but the other project in the PEX.v; PEXZF portfolio quietly produced one of B.C.'s best porphyry copper-gold intervals of 2025, and this season's program is aimed at finding where it comes from.

The Hole: RDP-25-011

• Starting near surface, 112.2 m of 1.35% CuEq (0.76% copper, 0.86 g/t gold, 3.16 g/t silver) within 405.0 m of 0.71% CuEq at the Day target (Oct 16, 2025 NR)
• Includes three high-grade intervals: 22.2 m of 2.20% CuEq, 32.0 m of 2.06% CuEq, and 19.0 m of 2.68% CuEq
• The best CuEq intercept ever recorded at RDP, surpassing 2022's 107.2 m of 1.39% CuEq in hole RDP-22-005 with mineralization still open to the north

What 2025 Proved

The five-hole, 2,156 m program at Day confirmed the porphyry copper-gold-silver mineralization in the eastern magnetic lobe sits in a steeply north-dipping tabular body, and that the western magnetic lobe is mineralized too. The interpreted porphyry centre sitting between those two lobes is the prize that has not been drilled yet.

The 2026 Plan at RDP

• High-resolution magnetics, magnetic vector inversion modelling and IP surveys to sharpen targeting, with drilling focused on the interpreted porphyry centre between the lobes and on further defining the 2025 western lobe discovery (Apr 13, 2026 NR)
• A minimum of roughly 2,500 m at RDP, part of ~5,000 m planned across RDP and Kliyul this season
• Fully funded after the C$8.5M placement closed last week, and notably, new largest shareholder Minsur secured access to RDP technical information in its investor rights agreement

RDP is 100% owned and over 100 km2 in the Golden Horseshoe at the southern end of the Toodoggone district about 40 km west of the flagship Kliyul project.

Two programs at Day have now returned 100 m plus intervals above 1.3% CuEq. If this year's holes confirm the porphyry centre the geology points toward, RDP has room to grow into a genuine second front for the company, with results due through the field season alongside Kliyul's first-ever tests of the Klip, KCC and M39 targets.

For the full RDP-25-011 details, see the company's October 16, 2025 news release.

Posted on behalf of Intrepid Metals Corp. - Before a junior can drill a district, it has to own one. A quieter thread in the Intrepid Metals (INTR, IMTCF) story is how deliberately the company consolidated its ground before the rigs arrive.

The Viewsite Piece

• In February, Intrepid closed the acquisition of the Viewsite Claims, 348 acres of patented mining claims immediately south/southwest of the Ringo Copper-Gold Zone at Corral, bringing the land package to roughly 10,346 acres (4,187 hectares) (See Feb 2, 2026 NR).
• Terms were clean: US$475,000 in cash to the vendor, with no shares or other securities issued .
• The claims cover several prospective targets geologically consistent with mineralization at Ringo, where drilling intersected 112.95m of 1.50% copper and 216.50m of 0.71% copper . They also sit within 2 km of the claims Ivanhoe Electric picked up after Intrepid's 2024 drill program .
• Per the company, the ground is prospective for porphyry, CRD, and skarn-type systems.

The Full Footprint
Corral anchors the portfolio about 22 miles north of Bisbee, a camp that produced over 8 billion pounds of copper. Beyond it, Intrepid holds the Tombstone South Property, roughly 3,500 acres in Cochise County, and the roughly 6,500-acre Mesa Well Property in Arizona's Laramide Porphyry Belt.

All of that ground now feeds one sequence: a large geophysical survey slated for early August, then a drill program exceeding 10,000m beginning early September (per June's Emerging Growth Conference). 

With patented claims tying the trend together and Teck Resources on the register at about 12.6%, the fall campaign has room to test targets across the district, not just the zones already drilled.

Posted on behalf of Spartan Metals Corporation - Tuesday's database validation update from the Victorio Tungsten-Molybdenum Project in New Mexico contains a detail that's easy to skim past: a chunk of the historic drilling was never counted in the studies that defined the project. 

Spartan (W.v and SPRMF) is now working through all of it ahead of the updated PEA, first announced May 5, 2026.

Scale And Continuity

• 34 historic holes exceed 100 feet (~30.5 m) of continuous tungsten-molybdenum mineralization
• Multiple additional stacked zones over 50 feet (~15.2 m) occur throughout the deposit
• The full database: 147 core holes totaling 253,955.5 feet (77,405.6 m)

The Holes Nobody Counted

• 26 holes were not included in the 2008 historic economic analysis
• 12 of those were also left out of the 2012 historic mineral resource estimate
• The company says these suggest significant upside potential once considered in the current PEA update

A Henderson-Style System, Shallower

• Combined historic grades of 0.09% WO3 and 0.09% Mo (0.19% MoEq) compare favorably to the 0.14% Mo resource grade at Freeport-McMoRan's Henderson Mine, a premier bulk underground molybdenum operation in Colorado. 
• Like Henderson, Victorio is a widespread stockwork system suited to evaluating bulk underground mining methods, but mineralization here starts at relatively shallow depths versus Henderson's 1,000 m+.
• Worth stating plainly: Victorio is far earlier stage, its resource figures are historical rather than current NI 43-101, and similar outcomes aren't assured.

Validation is the first step toward the mineral resource estimate that underpins the PEA, which remains on target for early Q4 2026 release. For a project already ranked among the largest US tungsten resources on historical numbers, decades-old holes that were drilled but never counted are a rare kind of upside: the data already exists, and the PEA is where the market gets to see what it adds. Full details are in Tuesday's news release on the company's site and Newsfile.

Posted on behalf of Carrier Connect Data Solutions Inc - Blackstone-owned QTS just withdrew from Virginia's 2,100-acre Digital Gateway campus, weeks after partner Compass Datacenters exited the same site. 

The largest planned data center campus on earth is effectively dead, and not because AI demand faded: lawsuits, zoning fights and community opposition killed it. 

A new Investor Insights piece on the company's CEO website channel argues the real takeaway is a supply story. 

With roughly 7 in 10 Americans opposing new data center construction in their area, Virginia taxing data-center energy consumption, and even Blackstone now IPO'ing a vehicle built to acquire already-built, leased facilities rather than develop new ones, value in the sector is migrating toward whoever already owns operating capacity.

Where CCDS Fits
Carrier Connect Data Solutions (CCDS.v, CCDSF) runs that same buy-don't-build logic at the small-cap end of the market, and the numbers show a strategy in motion, not a plan:

• Five operating data centers across Vancouver, Ottawa, Saint John and Perth, every one of them built, powered and serving customers, acquired rather than permitted from scratch
• Close to $5M in annual recurring revenue across roughly 80 colocation customers
• Q3 FY2026 revenue of $910K, up 849% year over year, with cash of $9.9M (May 26, 2026 NR)
• A signed sixth site in Rochester, NY, the company's first US asset: roughly CAD $885K in current ARR with more than 60% capacity still available, expected to lift top-line revenue by about 15-17% on closing, targeted for August 15 (June 9, 2026 NR)
• CEO Mark Binns is targeting 8 to 10 data centers and a run rate of about $10M in annual revenue by year-end 2026

This is still an early-stage operator, small next to the names in the headlines. But every blocked greenfield project makes existing, powered capacity a little scarcer, and for a consolidator already holding built facilities and adding more, that moat has room to keep widening.

Posted on behalf of Carrier Connect Data Solutions Inc - Blackstone-owned QTS just withdrew from Virginia's 2,100-acre Digital Gateway campus, weeks after partner Compass Datacenters exited the same site. 

The largest planned data center campus on earth is effectively dead, and not because AI demand faded: lawsuits, zoning fights and community opposition killed it. 

A new Investor Insights piece on the company's CEO website channel argues the real takeaway is a supply story. 

With roughly 7 in 10 Americans opposing new data center construction in their area, Virginia taxing data-center energy consumption, and even Blackstone now IPO'ing a vehicle built to acquire already-built, leased facilities rather than develop new ones, value in the sector is migrating toward whoever already owns operating capacity.

Where CCDS Fits
Carrier Connect Data Solutions (CCDS.v, CCDSF) runs that same buy-don't-build logic at the small-cap end of the market, and the numbers show a strategy in motion, not a plan:

• Five operating data centers across Vancouver, Ottawa, Saint John and Perth, every one of them built, powered and serving customers, acquired rather than permitted from scratch
• Close to $5M in annual recurring revenue across roughly 80 colocation customers
• Q3 FY2026 revenue of $910K, up 849% year over year, with cash of $9.9M (May 26, 2026 NR)
• A signed sixth site in Rochester, NY, the company's first US asset: roughly CAD $885K in current ARR with more than 60% capacity still available, expected to lift top-line revenue by about 15-17% on closing, targeted for August 15 (June 9, 2026 NR)
• CEO Mark Binns is targeting 8 to 10 data centers and a run rate of about $10M in annual revenue by year-end 2026

This is still an early-stage operator, small next to the names in the headlines. But every blocked greenfield project makes existing, powered capacity a little scarcer, and for a consolidator already holding built facilities and adding more, that moat has room to keep widening.

Posted on behalf of Fidelity Minerals Corp. - Plenty has been said lately about the rocks at Las Huaquillas, so today a look at the people advancing them instead, because for a junior at this stage the team and the share register are half the diligence.

The Founder's Track Record

• Founder and Chairman John Byrne has 50+ years in the resource sector
• Formed Cambrian Mining in 2002 with £1.4 million in net assets and grew it to £149 million before its acquisition
• Chaired Western Coal Corp, capitalized at under C$1 million when he joined and sold for C$3.3 billion in 2010

Skin in the Game

• Byrne's vehicle, Lions Bay Capital, is Fidelity's largest shareholder at 38.29%
• Metals One holds another 9.93%, and CFO and director Anthony Balic (also CFO of Goldgroup Mining) holds 2.58%
• Tight structure: roughly 35.2 million shares issued per the company's share-capital page

Rounding Out the Bench

• CEO Ryan Batros, appointed Dec 5, 2025, is leading the current push toward drilling
• Board depth includes Ian Graham, formerly Chief Geologist at Rio Tinto with three decades across Rio and Anglo American projects

What They Are Pointed At
The asset is Las Huaquillas in northern Peru 🇵🇪 where FMN.v holds 44.5% with a right to earn 50%: a 446,000 oz gold plus 5.3M oz silver historic, non-43-101-compliant resource, with a stated objective of confirming and expanding it toward an initial 1 Moz gold target through a new NI 43-101.

Byrne has built value from brownfield assets before, and with nearly 40% of the register held by his own vehicle, this is a team positioned to benefit only if shareholders do. The sampling-to-drilling-to-43-101 sequence ahead gives them a clear runway to show why they own so much of it. Full bios are on the company's leadership page.

Posted on behalf of Kobrea Exploration - 

What Hole 4 Found

Per the April 9, 2026 drill update, DD26ELP004 cut through 128 metres of leached intrusive rock before intersecting intermittent chalcocite coating, and in places replacing, primary sulphides made up mostly of pyrite with lesser chalcopyrite, with the enrichment observed down to 168 metres. Notably, this mineralization also extends the pyrite-chalcocite-molybdenite stockwork intersected at DD26ELP001, directly to the west

Why Chalcocite Is the Word to Know

• Chalcocite is a secondary copper mineral carrying far more copper by weight than chalcopyrite, the usual primary copper mineral in porphyry systems.
• It forms by supergene enrichment: copper leached from near-surface rock re-precipitates lower down, upgrading the copper content beneath a leached cap.
• That 128 m of leached rock up top is the other half of the same signature. Leached cap over enrichment is classic preserved porphyry architecture.
• The company stated the hole confirms a chalcocite enrichment zone preserved at El Perdido and noted it is confident chalcocite will be observed in other areas beneath the leached capping, enriching hypogene sulphide mineralization below.

Where It Fits

Phase 1 wrapped in late May: 
2,358 metres across six holes, confirming a large hydrothermal porphyry system with copper, gold, molybdenum and silver mineralization, and geological observations indicate the system strengthens at depth, with increased intensity of alteration, veining and sulphide assemblages
 
The core of the system remains untested (see May 26, 2026 NR). Assay results have not been reported yet making them the next catalyst on the board. And El Perdido is just one target inside Kobrea's right to earn 100% of 7 projects totaling 733 km² in southwestern Mendoza

The assays will put numbers on what the geologists logged. But an enrichment zone preserved above a strengthening system gives El Perdido a second way to deliver, and that makes the pending results worth watching closely. The company's April 9 drill update has the full detail.

Posted on behalf of Pacific Ridge Exploration - Before a drill season, the paperwork matters as much as the targets, and PEX.v and PEXZF locked in a key piece back in December:
Exploration Agreements with Takla Nation covering both the Kliyul and RDP copper-gold projects in northcentral B.C. (Dec 16, 2025 NR).

What the Agreements Do

• Establish a cooperative relationship where communication and collaboration are key factors, giving both parties certainty as Kliyul and RDP advance
• Cover both projects, each 100% owned by Pacific Ridge
• The company acknowledges its B.C. projects sit on the traditional, ancestral and unceded territories of the Gitxsan Nation, McLeod Lake Indian Band, Nak'azdli Whut'en, Takla Nation, and Tsay Keh Dene Nation

Why It Matters Right Now
Those agreements now sit under a fully funded season. This week's C$8.5M financing close pushed the treasury above C$9M, and the 2026 program plans a minimum of roughly 2,500 m at each project, about 5,000 m total:

• Kliyul: first-ever drilling at the Klip, KCC and M39 porphyry targets along a six-kilometre porphyry copper-gold trend, with Klip, KCC and M39 the high-priority targets outside the KMZ (Apr 13, 2026 NR)
• RDP: targeting the interpreted porphyry centre at Day and further defining last year's western magnetic lobe discovery
• Backdrop: KMZ's Inferred 334.1 Mt @ 0.33% CuEq, or 2.42 Blbs CuEq / 5.7 Moz AuEq (Sept 18, 2025 MRE)

Community agreements signed, capital raised, targets defined. With mobilization the next step, Pacific Ridge heads into the season with the kind of groundwork that lets results, not logistics, drive the story.

Posted on behalf of Zodiac Gold - Streetwise Reports put out a fresh feature on Zodiac (ZAU.v ZAUIF) this week, covering the new drill campaign at the flagship Arthington discovery and why this Liberia 🇱🇷 gold explorer "stands out amid volatile gold prices and analyst support."

What the Feature Covers

• A new 3,000m diamond drill program at Arthington, designed to grow known mineralization both at depth and along strike and tighten drill density to support the company's planned mineral resource estimation
• Arthington's track record so far: 6,836m drilled to date with significant gold in 37 of 39 holes, high-grade intervals including 1m at 55.9 g/t Au
• Only 850m of a 4km gold-in-soil anomaly has been drill-tested, and more than 3km of largely untested anomalism sits to the west, where trench AT-13 returned 1m at 32.8 g/t Au and follow-up drilling returned 1.05m at 8.98 g/t Au (June 25, 2026 NR)

The Bigger Picture

• The 2026 Todi program is fully funded, with roughly C$9M in treasury after the oversubscribed C$5.6M placement closed (June 23, 2026 NR)
• 3,542m completed in 20 holes at the Ben Ben target, assays pending for holes BDD010 to BDD020
• Inaugural drilling at Youth Camp was slated for early July (June 25, 2026 NR)

All of it feeds toward the company's planned Todi Gold mineral resource estimate, anchored by Arthington and potentially including Ben Ben. With twenty Ben Ben holes awaiting assays and the Arthington program built to extend the discovery in two directions, the back half of the year has room to keep adding to this story.

See "Zodiac Gold Inc. Targets Arthington Growth in Rising Gold Market", Streetwise Reports (6/29/26) for more details.

Posted on behalf of Cambria Gold - In BC's Golden Triangle, permitting and community relationships can make or break a development timeline. Cambria, CAMB.v and CAMBVF, has an edge here that rarely leads the headlines:

the company is the 100% owner of the Premier Gold mine and Red Mountain Gold Project, both located on Nisga'a Nation Treaty Lands in northwestern British Columbia.

A Relationship That Predates the Company

This is not a box-ticking arrangement. 
CEO Rob McLeod has deep familial ties to the Nisga'a Nation: his father, Ian McLeod, was involved in the 1940s political campaigns of Dr. Frank Calder, the first Indigenous person to hold elected office in any provincial legislature in Canada.

 McLeod's own framing: 

"There is a level of trust between us that helps expedite permitting and decision-making."

The Partnership In Practice

• Permitting work on the Red Mountain access road began in fall 2025 and included thorough consultation with the Nisga'a Nation (See Feb 10, 2026 NR)
• Nisga'a Growth Corp is handling environmental monitoring on the road build which broke ground June 1
• Fisheries offset work alongside construction to protect and enhance salmon spawning habitat in the Bear River Valley
• Company-stated goal: complete the first road stage to Bromley Humps during 2026

Why It Matters

That ~23 km road is the critical-path link between the high-grade Red Mountain deposit and Cambria's standing 2,500 tpd Premier mill, and it feeds directly into the four-deposit feasibility study the company has on track for Q4 2026, with 27,000 m of infill drilling ongoing in the meantime.

In a district where consultation and permitting can stall projects for years, a working partnership with this much history positions Cambria to keep its milestone sequence moving, and it could prove one of the quieter reasons this restart holds its timeline.

Posted on behalf of Defiance Silver - Drill results get the attention, but the less glamorous stuff, permits and funding, decides whether a junior can actually keep drilling through a cycle. Defiance has spent the past year locking in both, and it changes how much runway sits behind the resource estimate coming on the Veta Grande vein.

The San Acacio Permit (Zacatecas State)

• SEMARNAT approved the company's Informe Preventivo for San Acacio, allowing construction of up to 44 new drill pads and 35 new access roads (Mar 11, 2026 NR)
• The permit is valid for 54 months a genuinely multi-year exploration window
• Notably, it expands the drilling footprint to test targets outside historical mining in the Veta Grande camp of the Zacatecas Silver District ground that has seen little to no prior exploration

The Copper-Gold Side (Sonora)

• Green Earth's Victoria copper target got its own SEMARNAT authorization weeks earlier: a drilling permit valid for 36 months, with permission for up to 89 drill pads and new access roads (Feb 26, 2026 NR)
• A surface access agreement for the Victoria target was secured the month before that so access and permitting are both in place

The Funding Behind It

• A C$16.5M raise closed June 20, 2025, with proceeds earmarked for exploration, completing a mineral resource estimate at San Acacio, Tepal option payments, and working capital (June 20, 2025 NR)

Why This Matters Now

EVP Doug Cavey said at a recent Axino conference that a resource estimate on the Veta Grande vein is expected within about six weeks. The permits reframe what that estimate means: whatever number lands, Defiance already holds a 54-month license to keep chasing the system across barely-drilled ground, with a permitted copper-gold program sitting in parallel. The estimate looks less like a finish line and more like a starting point.

For the full permit details, see the company's March 11 news release.

Posted on behalf of Spartan Metals Corporation - Tungsten rarely makes headlines, but the setup behind it right now is hard to ignore, and it points straight at a 100%-owned project in Nevada that is about to see a drill. Spartan (W.v and SPRMF) has spent the summer expanding its target inventory at the Eagle Project, and the flagship catalyst, its first substantial diamond drill campaign, is now next up.

The Macro Setup

• The United States has classified tungsten as a critical mineral with high supply disruption risk.
• Washington has established January 1, 2027, as the deadline to cease procuring tungsten from China, Russia, Iran, and North Korea for defense applications.
• Over 80% of global tungsten supply is concentrated in China and China said in December 2025 it would allow only 15 firms to export tungsten in 2026-2027.
• Per Canaccord Genuity's April 2026 analysis, global tungsten demand could grow from approximately 143kt in 2025 to 210kt by 2035 while supply growth outside China remains constrained by a limited development pipeline, aging operations, declining ore grades, and insufficient Western refining capacity, leaving a market that increasingly appears structurally undersupplied.
• Tungsten prices rocketed to record highs in recent months.

The Flagship Catalyst

• Approximately 3,000 meters of diamond core drilling at high priority targets identified through surface sampling and geophysics surveys, early to mid-August.
• Targets refined by a full summer of surface sampling, backpack core drilling, and Quantec TITAN MT plus DCIP geophysics across the Tungstonia block, which is permitted for up to 25 drill sites.

Why Eagle

• 100%-owned in Nevada, the highest-grade historic tungsten district in the US, past mines ran 0.6-0.9% WO3.
• Summer backpack-core work confirmed multiple tungsten-silver veins and two tungsten skarn zones, with rock sampling at the past-producing Yellow Jacket Mine returning samples up to 1.87% WO3 and 1.67% WO3 (June 23, 2026 NR), plus silver up to 1,927 g/t at the past-producing Antelope Mine (June 25, 2026 NR).
• Secondary asset Victorio in New Mexico hosts the largest US tungsten resource.

For the full details, see Spartan's recent news releases on its website. August's program is the first systematic drill test of a century-old high-grade district, and it lands right as Western buyers hunt for non-China supply, which sets up a catalyst worth watching.

Posted on behalf of Fidelity Minerals Corp. - Gold is trading north of $4,100/oz and firm again today, the kind of backdrop where a brownfield explorer with ounces already in the ground and a clear plan to confirm them is worth a second look. For FMN.v, the story right now isn't the metal price, it's execution: taking a historic resource and moving it toward a compliant one. And the first step is already done.

The Commodity Setup

• Gold around $4,135/oz, up about 1.3% on the day
• Copper around $6.16/lb, easing slightly today but structurally well bid
• Las Huaquillas in northern Peru carries both, plus a silver credit, on one land package

The Flagship Catalyst
This is the part that actually moves the story, and it's now underway:

• Ground access secured and a contractor appointed to reach the Los Socavones underground workings (see Feb 19, 2026 NR)
• Next in the sequence: confirm the historic underground sampling, then underground drilling, then a new NI 43-101
• Stated objective is to confirm and expand toward an initial 1 million oz gold target

What's Already in the Rock

• Historic, non-43-101-compliant resource: 446,000 oz Au plus 5.3M oz Ag
• Grades: 6.57 Mt at 2.12 g/t Au and 25.2 g/t Ag
• The Los Socavones epithermal system is open along strike and at depth
• FMN holds 44.5% with a right to earn 50%

Funding the Work

• First tranche of the non-brokered private placement closed June 8, 2026: $632,000 at $0.20/unit
• The TSXV granted an extension to July 18, 2026 to complete the balance of the up to $2.81M program

With the historic data in hand and access to the workings secured, the gap between a strong gold tape and a compliant resource comes down to execution, and the milestones that would close it are the ones now in front of the company. Worth watching how the underground work progresses over the coming months.

More on the geology and the work program is on the company's Las Huaquillas project page.

Posted on behalf of Midnight Sun Mining - Most drill programs chase the high-grade centre. At the 100%-owned Dumbwa copper deposit in Zambia's Solwezi district, Midnight Sun (MMA.v MDNGF) is deliberately doing the opposite, and the June 29 news release explains why.

Drilling to the Margins by Design

• Holes are spaced 50 to 100m apart on each east-west line, with the lines set 100 to 200m apart north to south.
• On any given line, only 2 or 3 holes land inside the highest-grade corridor, while most test the lower-grade shells.
• That is intentional: proving the full width and continuity of the system means drilling to its edges, not just its core.

Why That Points to Bulk Tonnage

• The high-grade central corridor runs 100 to 600 m wide within a broader mineralized shell that can exceed 1,000 m.
• Recent intercepts: 21.64 m at 0.42% Cu from near surface (DBW-26-200), 13.67 m at 0.51% Cu (DBW-26-165), and 25 m at 0.38% Cu (DBW-26-150).
• Those grades are typical of large near-surface copper systems like nearby Lumwana (Barrick), a geological analogue where value comes from tonnage and scale rather than high grade.

The Technical Point That's Easy to Miss
As the drilling pushed north past a structural disruption zone that had previously thinned grades, the higher-grade central corridor re-emerged, with the northernmost holes returning thick, higher-grade copper again. Confirming continuity across a structural break pushes back on any concern that the system was pinching out, and it is a big part of how the strike grew to 6.7 km.

Where It Stands and What's Next

• 6.7 km of continuous near-surface strike now (up from 5.3 km), across 260-plus holes and 56,855 m, with five rigs turning.
• Company-stated: roughly 12,500 m of Phase One drilling remain across the initial 11.5 km target, with Phase One expected to conclude in Q3 2026.

Copper is holding firm around US$6.15 a pound, and that is the backdrop for a system being mapped edge to edge. Building the drill density to capture the whole envelope is exactly what a maiden resource estimate needs, and once the full footprint is defined, the market gets its first real chance to price Dumbwa on contained copper.

For the full details, see the company's June 29 news release.

Posted on behalf of Zodiac Gold - Gold is trading around $4,130/oz today, up over 1%, and while the metal has cooled from the record it set back in January, the case underneath it is what matters most for a drill-stage explorer working toward its first resource number in Liberia.

The Gold Backdrop

• - Gold near $4,130/oz, up more than 1% on the day
• - S&P Global has described gold as structurally supported, with central bank demand and geopolitical risk helping establish a price floor above recent correction lows
• - The World Bank projects overall global metals prices to rise in 2026, which would be the first overall market increase since 2022

Why It Matters Here
A firmer, well-supported gold tape is a constructive backdrop for a junior heading into a catalyst, and Zodiac (ZAU.v and ZAUIF) has a rig back on its highest-priority target. A diamond drill rig has been mobilized to the flagship Arthington discovery, the next phase of the 2026 program along the 16km Monterra Trend at the Todi Gold Project. (June 25, 2026 NR)

Arthington By The Numbers

• 6,836m drilled to date, with significant gold in 37 of 39 holes
• High-grade intervals including 1m at 55.9 g/t Au
• 850m of drilled strike length inside a 4km gold-in-soil anomaly, open along strike and at depth
• More than 3km of largely untested gold-in-soil anomalism sitting to the west
• A new 3,000m program designed to grow the discovery at depth and along strike (June 25, 2026 NR)

The Wider District

• 2,316 km² along the Todi Shear Zone, five priority targets
• Ben Ben: 3,542m completed in 20 holes, assays pending for holes BDD010 to BDD020
• Inaugural drilling at Youth Camp slated for early July (June 25, 2026 NR)

All of it feeds the company's planned Todi Gold mineral resource estimate, anchored by Arthington and potentially including Ben Ben.

With gold structurally supported and the drill program focused on tightening density at its marquee target, Zodiac has the setup to convert years of discovery drilling into a defined resource, and the assays still pending could sharpen the picture of what Arthington actually holds ahead of that first number.

For a broader look at the gold setup and the Todi Gold Project, the recent Streetwise Reports coverage is worth a read.