r/MiningStocksCanada

Posted on behalf of Luca Mining Corp. - (TSX-V: LUCA | OTCQX: LUCMF) continues to expand high-grade mineralization at its Tahuehueto gold-silver mine in Durango, Mexico, intersecting 6.8 metres of 5.54 g/t AuEq, including 1.0 metre of 22.35 g/t AuEq, proximal to existing underground workings

Near-Mine High-Grade Expansion – Creston Vein

Recent surface drilling confirmed continuity of breccia-hosted mineralization below current mine levels:

• 6.8 m @ 5.54 g/t AuEq (incl. 1.0 m @ 22.35 g/t AuEq)

• 4.5 m @ 4.50 g/t AuEq (incl. 2.6 m @ 5.59 g/t AuEq)

• 2.5 m @ 3.57 g/t AuEq

Mineralization extends 10–70 metres below Level 23 and remains within development distance of existing infrastructure, supporting potential inclusion in near-term mine plans

El Rey Target Re-Emerges

At the historically unmined El Rey vein, drilling returned:

• 3.3 m @ 3.04 g/t AuEq (incl. 1.0 m @ 7.48 g/t AuEq)

This zone had not been mined since 1983 and had not been drill-tested in over 20 years, underscoring broader property-scale upside

2026 Exploration Program

Tahuehueto hosts an epithermal gold-silver system with ~11 km of known vein strike length. Only ~4.5 km are currently incorporated into the mineral resource model, while at least 14 additional prospective veins remain underexplored.

The 2026 campaign represents the first substantive drilling in more than 12 years and is designed to:

• Expand near-term mineable resources

• Define vertical and lateral extent of mineralization

• Identify thick, high-grade breccia zones

• Test under explored vein systems

Three drill rigs are currently active on site, reflecting an expanded exploration budget and focus on accelerating resource growth

High-grade intercepts proximal to workings, confirmation of continuity in unmined zones, and renewed success at El Rey reinforce Tahuehueto’s potential to add near-term ounces while unlocking district-scale upside across more than 11 km of prospective vein structures.

https://lucamining.com/

Posted on behalf of Intrepid Metals Corp. - Intrepid Metals Corp. (Ticker: INTR.v or IMTCF for US investors) is advancing exploration for copper, silver, gold and zinc across its portfolio in southeastern Arizona, with its primary focus on the Corral Copper Project in Cochise County. 

The project is a district-scale property at an advanced exploration stage, supported by extensive historical drilling and near-surface mineralization identified in prior work.

Insider Alignment
Director Daniel Barnholden recently purchased $40,780 worth of Intrepid Metals shares on the open market, reflecting additional alignment with the company’s ongoing exploration and development strategy.

https://preview.redd.it/1baz8nutkezg1.jpg?width=1600&format=pjpg&auto=webp&s=df5fdc379548bb087b5ab63f0cccc401b98211b1

Phase 1 Exploration Underway
On April 29, 2026, the company reported the commencement of Phase 1 exploration activities at Corral, consisting a comprehensive geochemical campaign and detailed geological mapping.

This program is intended to improve the geological model and refine priority targets in preparation for a larger drill campaign expected later this year.

The planned drill program is expected to include both deeper and shallow components, targeting multiple mineralization styles. Deeper drilling is aimed at testing porphyry-style mineralization, while shallower holes are expected to follow up on carbonate replacement deposit (CRD) zones identified in earlier campaigns.

Financing Momentum and Warrant Activity
Alongside operational progress, Intrepid has continued to build its treasury through strong warrant participation. The company reported that more than 98% of warrants issued in connection with its January 2024 non-brokered private placements were exercised.

Since December 2025, these exercises, combined with financings, have contributed to total gross proceeds exceeding C$19.1 million.

With the April expiry now complete and the majority of warrants exercised, a significant overhang has been reduced. The company indicated that this improved capital position is expected to support continued advancement of exploration activities at Corral through the remainder of 2026.

Outlook at Corral

With fieldwork now in progress and capital secured, Intrepid is moving toward a more focused and technically driven drill program later in 2026. The company is targeting multiple mineralization styles within Arizona’s Copper Belt, with Phase 1 work expected to play a key role in refining drill targets.

Full details here:
https://www.intrepidmetals.com/news/2026/271-intrepid-metals-launches-phase-1-exploration-program-contin2026-04-29-040502