r/Wealthsimple_Penny

Posted on behalf of West Red Lake Gold Mines Ltd. - West Red Lake Gold Mines (Ticker: WRLG.v or WRLGF for US investors) is a Canadian gold producer and developer advancing high-grade gold assets in the Red Lake district of Ontario. 

With its flagship Madsen Mine having recently achieved commercial production, the Company is positioning Rowan as a potential high-grade satellite source within a broader district-scale development strategy.

On April 28, 2026, the company reported final results from its 2025–2026 infill and conversion drilling program at the 100% owned Rowan Project in Northwestern Ontario. A total of 37 holes for approximately 6,300m were completed, and all assays have now been received.

The latest results focused on the high-grade Rowan vein system and included:
- 471 g/t Au over 1m in Hole RLG-25-202 from Vein 013 (72m–73m), representing the best intercept of the program.
- 10.84 g/t Au over 3m in Hole RLG-26-219 from Vein 006b (95m–98m), including 39.30 g/t Au over 0.5m and 20.10 g/t Au over 0.5m, with visible gold observed.
- 19.46 g/t Au over 1m in Hole RLG-26-221 from Vein 011, including 38.80 g/t Au over 0.5m.
- 6.88 g/t Au over 2.5m in Hole RLG-26-215 from Vein 006b, including 14.89 g/t Au over 1m.
- 4.38 g/t Au over 2.5m in Hole RLG-26-222 from Vein 013, including 15.75 g/t Au over 0.5m.

These results follow previously reported intercepts announced on March 31, February 18, and January 29, 2026, which included grades up to 141.5 g/t Au over 1m and 84.3 g/t Au over 1m.

The “From-To” intervals represent downhole lengths. True thickness has not yet been calculated but is expected to be at least 70% of downhole thickness based on observed intercept angles.

Vice President of Exploration Will Robinson outlined that the drilling program successfully de-risked the vein system and demonstrated upside potential in areas with limited historical drilling. 

The new data have been incorporated into an updated vein model, with a revised Mineral Resource Estimate expected in the coming weeks.

The Company intends to integrate the updated Rowan model into a Pre-Feasibility Study-level mine design.

The planned combined PFS for the Madsen Mine and Rowan Project is expected to evaluate shared infrastructure and integrated mine planning, with the goal of identifying potential operational and economic synergies.

The 2025 Preliminary Economic Assessment for Rowan, released July 8, 2025, outlined an underground mine producing an average of 35,230oz per year over a five-year mine life at an average grade of 8.0 g/t Au.

Conversion drilling focused on Veins 001 and 004 to support potential upgrades from Inferred to Indicated resources. These veins account for the majority of PEA production tonnes, with approximately 63% of tonnes and 72% of ounces already in the Indicated category in the Rowan PEA.

https://preview.redd.it/b9h06h0kcs0h1.png?width=975&format=png&auto=webp&s=a22e5eae44664064c8af524355b35a7a2e56f685

Infill drilling targeted Veins 006b and 013 for potential inclusion in the planned combined PFS. Their integration could extend mine life and may allow ore extraction to begin approximately six months sooner due to closer proximity to the access portal, subject to drill results and Qualified Person review within the PFS process.

Geotechnical, metallurgical, and engineering studies are underway to inform the planned PFS and assess whether the Company will release a combined study. Concurrently, permitting efforts are advancing Rowan toward Advanced Exploration status, which is required for bulk sample extraction.

Permits to support Advanced Exploration activities, including underground mine development, are targeted for 2027, subject to regulatory review and consultation. The Company is pursuing Designated Project status under Ontario’s One Project, One Process permitting framework.

Full news here: https://westredlakegold.com/west-red-lake-gold-reports-471-g-t-au-over-1m-from-vein-013-and-10-84-g-t-au-over-3m-from-vein-006b-rowan-deposit/

Posted on behalf of Black Swan Graphene Inc. - Yesterday, Black Swan Graphene Inc. (Ticker: SWAN.v or BSWGF for US investors) announced the appointment of Katrina Damouni as Director, Communications & Capital Markets, and Roxanne Gelineau as Manager, Finance & Administration.

Black Swan is focused on the production and commercialization of patented, high-performance, low-cost graphene products, with a special emphasis on high-performance polymers.

https://preview.redd.it/s8c41ld2blzg1.png?width=862&format=png&auto=webp&s=ef405562be0a8c738648d1b8e6b7a73c59f96146

Its proprietary graphene processing technology, developed over more than a decade by Thomas Swan & Co. Ltd, supports scalable and cost-effective graphene manufacturing.

As an integrated company, Black Swan also operates downstream manufacturing capabilities in custom plastic and rubber molding, offering injection molding services — including bi-injection and overmolding — supported by in-house mold design, tooling, and process optimization.

The Company has launched a growing portfolio of commercially available Graphene Enhanced Masterbatch™ (GEM™) polymer products designed to deliver higher-performance, value-added solutions to industrial customers.

Ms. Damouni brings over 15 years of experience in corporate development, communications, and capital markets, primarily within the junior mining sector.

She most recently served in a similar capacity at Northern Superior Resources, which was acquired by IAMGOLD Corporation.

Her experience includes equity and debt financings, mergers and acquisitions, and the execution of strategic initiatives.

She has also held roles in asset management, institutional equity sales, and investment banking in both the United Kingdom and Canada.

Ms. Gelineau was also part of the Northern Superior team, supporting finance and accounting functions while serving as Office Manager for nearly 15 years.

The Company highlighted her experience in business operations and financial management within publicly traded companies.

Full news here: https://blackswangraphene.com/news/black-swan-graphene-announces-the-appointment-of-katrina-damouni-as-director-communications-capital-markets/

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/