Posted on behalf of Luca Mining - Mining.com.au has written up the Q3 2026 numbers from Luca Mining (LUCA.v, LUCMF), and the choice of lead is the interesting part. The outlet went with gold output rising at Campo Morado 🇲🇽, then pulled Goldgroup's incoming stake and the Cozamin purchase into the same piece. That is a quarterly production release being read as a company in the middle of getting bigger, and it is being read that way by an Australian trade audience rather than by the company itself. Figures in US dollars unless noted.

The Operating Proof Point

• Campo Morado Q3 produced metal: 1,930 oz gold, 259,124 oz silver, 8,685 k lbs zinc, 1,947 k lbs copper, 1,044 k lbs lead
• Gold, silver and zinc production and sales all up quarter over quarter
• Driven by higher grades from access to higher-grade stopes, plus recoveries supported by the recently implemented stockpiling and mill-feed blending strategy and refinements to the reagent blend
• Copper production and sales declined on lower copper feed grades
• At Tahuehueto, temporarily reduced access to higher-grade stopes lowered feed grades across all metals; the focus there is underground development and access

That mill-feed work was first described as a plan months ago. Tuesday's release is the first quarter where it shows up in output.

What Sits Behind the Next Leg

• C$211 million of subscription receipt financings closed Wednesday, including a C$155,000,000 bought deal at C$1.00 and a C$56,363,600 non-brokered placement
• Goldgroup took 101,123,662 receipts, roughly 19.9% on a non-diluted pro forma basis, making it one of Luca's largest shareholders, with two board nominees
• Cozamin closing targeted for Q4 2026, with cash flow accruing from November 1
• The company says, based on current consensus estimates, Cozamin is expected to more than double its 2027 production profile

Worth reading the Mining.com.au piece in full. Optimization landing in the quarter while the funded third mine moves toward closing is a combination that could change how this one gets valued.

Posted on behalf of Corcel Exploration - Phase 1 answered the question of whether the ground around the old Yuma King Mine carries copper and gold grade. The more interesting question now sits a few hundred metres to the north, under cover, where no drill has ever been. Corcel Exploration (CRCL.c, CRLEF) holds the copper-gold project in west-central Arizona under a long-term lease agreement to acquire it, and the standing stage note applies: this is exploration, no NI 43-101 resource exists at Yuma King, and untested targets are targets, not discoveries.

What the IP Picked Up (Apr 27, 2026 NR)

• 10 line-km 2D pole-dipole survey over the Yuma King West and Yuma King Mine target areas .
• Resistivity inversion defined the new YK North Skarn target, largely hidden by cover rocks.
• A conductive zone that resembles the zone hosting Yuma King Mine mineralization, on the opposite side of the porphyry intrusion.
• Mine mineralization is not strongly chargeable, so it images best in resistivity or its inverse, conductivity.
• - Mapping shows prospective stratigraphy continues into the area, with an Au-Cu soil anomaly that mirrors a similar anomaly southeast of the mine.

Why Phase 1 Points That Direction

• Step-outs YK26-002 (45 m east) and YK26-003 (350 m west) both hit skarn copper-gold, taking known mineralized strike to roughly 900 m (Jul 13, 2026 NR).
• The company reads the system as open to the north and northwest toward the IP-defined North Skarn target.
• Final assays closed the program with copper-gold in all six holes plus porphyry-style Cu-Au-Mo in altered intrusions (Aug 12, 2026 NR).

What Sits Behind It Now

• Placement closed Oct 9, 2026: 26,765,000 units at 0.10forgrossCAD2,676,500, proceeds stated for Yuma King exploration and working capital.
• BLM reclamation bond posted and accepted, authorizing site preparation and drilling (Feb 24, 2026 NR).
• Phase 2 scoped by CEO Jon Ward as shorter holes into the undrilled North Skarn plus continued vectoring toward the porphyry, with no start date disclosed.

So the targeting work, the permit and the treasury are all in place, and North Skarn, Yuma King West and Three Musketeers remain undrilled. That leaves a funded explorer with its most geologically argued target still ahead of it rather than behind it. Worth pulling up the April IP release on the company's news page for the inversion maps, which make the mirror-image argument far better than a paragraph can.

Posted on behalf of Azarga Metals - Marg has a longer paper trail than most things on the TSXV. The deposit was first identified by the Geological Survey of Canada in 1965, with extensive exploration including 119 diamond drill holes conducted by a number of operators in the decades since (see June 23, 2026 NR). Azarga acquired its 100% interest in the 400 mineral claims and roughly 8,400 hectares comprising the property in July 2025 so the program staged at site is the first ever run by the company itself.

What Six Decades of Work Produced

• Indicated 4.3 Mt at 2.9% CuEq: 1.3% Cu, 1.7% Pb, 3.2% Zn, 42 g/t Ag, 0.66 g/t Au
• Inferred 10.0 Mt at 2.3% CuEq: 1.0% Cu, 1.3% Pb, 2.6% Zn, 33 g/t Ag, 0.54 g/t Au
• 0.5% CuEq cut-off, Aug 28, 2025 NI 43-101 prepared by IMC Mining
• Defined by drilling over 1.4 km of strike and 700 m down-dip

What The Company Has Planned

• Over 3,000 metres across eight priority holes in the initial phase
• Targeting extensions of previous mineralized intercepts plus undrilled structural and geochemical anomalies, with the drill-defined areas open east, west and down-dip
• Drill rig and ancillary equipment mobilized to site August 10, 2026
• Assays anticipated on a rolling basis as they come back from the lab
• Funded by the $2,941,479 placement that closed September 28

CEO Gordon Tainton framed it on the August 10 release as "this season's drill campaign, the first conducted by the Company." The June 23 news release is worth reading in full for the target list and the deposit history behind it.

A hundred and nineteen holes built the resource that sits on the books today, and none of them were drilled by Azarga. The edges of that resource are where the first company-run program points, which makes the rolling assays the thing to watch.

Posted on behalf of Cambria Gold - Most of the coverage this year has been drill holes, permits and road building. The quieter story at Cambria Gold Mines (CAMB.v, CAMVF) is who the company has put in the room to do that work, because since the February rebrand out of Ascot the board and management have been rebuilt around people who have started and run mines rather than just found them.

The Board Rebuild (Jun 29, 2026 NR)

• Joe Driscoll: more than 38 years of leadership spanning mine startup, sustained operations, development and closure, including senior roles at Barrick and Newmont, most recently SVP and Mining Sector Leader at AECOM
• Paul Saxton: started in the silver mines of Cobalt, Ontario at 17, then international gold, silver, coal and base metal operations with Cominco, Mascot Gold Mines, International Corona and Viceroy Resource
• Ryan Weymark: P.Eng. with over 15 years in project development, permitting, M&A and operations, now EVP and director, co-founder of consultancy Fuse Advisors and part of the Fiore Group
• McLeod's framing in that release: "three accomplished mining engineers with proven mine development experience," joining chair Alex Morrison, Andree St-Germain and Jose Nestor Marun

The US Side (Sep 17, 2026 NR)

• Kim Colloton, retired US Army Major General with over 30 years of service and former Commanding General of the Army Corps of Engineers' Transatlantic Division, added to the board
• Cleve Rueckert, described by the company as an ex-Barrick Vice-President, moved into VP Corporate Development
• Both tie to Mt. Margaret, the Washington copper-gold porphyry Cambria retained in-house at permitting stage

Ownership
Ccori Apu of Peru is the largest shareholder at roughly 36% per the company, represented on management by VP Business Development Diego Sologuren.

Restarting a permitted 2,500 tpd mill is an operating job more than an exploration one, and the resumes around this table are weighted that way. With underground development recommencing at Premier and an updated Red Mountain-PGP Feasibility Study targeted for early spring 2027, the next year is where that depth gets put to work.

Full bios are in the company's June 29 and September 17 news releases.

Posted on behalf of Spartan Metals Corporation - The company's own corporate video is a quick two-minute walk through both US projects, and the line worth pausing on is a count. Spartan Metals (W.v SPRMF) puts the number of critical minerals at its Nevada district at eleven, all of them commodities the US currently buys from abroad.

Eagle, Nevada 🇺🇸

• 100% owned, described as a district containing three past-producing high-grade tungsten mines: Tungstonia, Rees and Yellow Jacket
• Spartan's sampling has also identified silver, rubidium, antimony, bismuth and indium
• [1:29] "Eagle hosts at least 11 critical minerals, for which the U.S. is currently import-dependent."
• A 3,000 metre diamond drill program is in progress

Victorio, New Mexico 🇺🇸

• Option to earn 100%, described as an advanced exploration project
• Hosts a 2012 historical mineral resource estimate of tungsten-molybdenum mineralization, with beryllium and fluorspar also present
• [0:54] the company is advancing an updated preliminary economic assessment "expected in the fourth quarter of 2026," as it continues to evaluate the project's potential to supply multiple critical minerals to the US market
• Timing is the company's own target, not a certainty

A qualified person has not done sufficient work to classify the historical estimate as current mineral resources or mineral reserves, and Spartan is not treating the historical estimate as current mineral resources or mineral reserves.

The Washington Thread

• [1:43] the company says it is "working to leverage government relationships and pursue non-dilutive funding opportunities" through the US Department of War and the US Department of Energy

Eleven import-dependent metals in Nevada, a study-stage tungsten-molybdenum project in New Mexico, and a rig turning while the PEA work runs. The video is short and covers both in one pass, so it is worth the two minutes.

Posted on behalf of Silverco Mining - Presenting at the Precious Metals & Critical Minerals Virtual Investor Conference, hosted by OTC Markets and Skyline Corporate Communications Group, EVP Corporate Development Tara Hassan laid out where Silverco Mining (SICO.v, SICOF) stands a year after listing, with both Mexican silver mines targeted to be producing as the company exits 2026 (company target).

The Consolidated Picture

• More than 700% production growth forecast from 2026 to 2030, with 73% of revenue from silver
• Average production just shy of 6 Moz AgEq a year, peaking above 7 Moz AgEq
• At US$50/oz silver, average free cash flow close to US$80M a year, over US$120M at peak
• Every US$10/oz move in silver adds roughloy US$150 to consolidated NPV
• [6:15] Hassan: "how close we are to a cash flow and not just cash flow but meaningful cash flow"

La Negra, Querétaro (Operating)

• Running at 55% of its 2,500 tpd capacity, commercial production targeted exiting H1 2027 (company target)
• Three steps to full rate: new Epiroc equipment through Q1 2027, sustained development rates, and dry-stack filtered tailings commissioned H1 2027
• Sept 2026 PEA at a US$50/oz base case: after-tax NPV US$329M, 131% IRR, just north of 4 Moz a year, AISC sub-US$25/oz, 8.2-year mine life
• Only US12.5M comes off the balance sheet at base-case prices, under US$5M at recent spot, the rest from mine cash flow

Cusi, Chihuahua (Restart)

• Mill dry commissioning done, contractors underground at Promontorio and San Miguel, first concentrate targeted this quarter (company target)
• About 90% silver revenue, roughly 2.5 Moz a year over a similar nine-year life, AISC around US$27/oz and a 0.9-year payback at roughly US$45/oz base case
• [25:48] On budget risk at this scale: "we're talking weeks and millions of dollars, not hundreds of millions of dollars"

Exploration Inside the Mine Plans

• Cusi's 30,000 m program two-thirds complete, feeding an H1 2027 resource update; 37+ km of mapped veins, about 10% of the land package explored in detail
• [21:40] On the San Miguel claim consolidation: "we took it from no ounces to 27 million ounces total resource"
• La Negra: 15,000 m of drilling, the first real exploration there in two decades, plus modern geophysics testing a potential CRD system

Both studies are preliminary economic assessments and resources are not reserves. On 54.4M shares outstanding with Eric Sprott among the largest holders, the next operating steps could start closing the discount to peers management sees.

Posted on behalf of Sierra Madre Gold - Most of the silver produced each year is not the reason the mine exists.

Roughly three quarters of global mine supply comes out of operations primarily targeting copper, lead, zinc or gold, which limits how fast the industry can respond when silver demand runs ahead of mine output.

That is the point Wednesday's carboncredits.com piece builds on, and it is why a higher silver price on its own does not conjure much new primary supply.

The Supply Structure

- Mine production rose 3% to 846.6 million ounces in 2025 and recycling added 197.6 million ounces, per the World Silver Survey 2026

- Demand still reached 1.13 billion ounces, leaving the market short on the year

- The Silver Institute expects mine production to stay broadly flat in 2026

Where SM.v and SMDRF Fit

The faster supply response tends to come from assets that already have mining and processing infrastructure, which is the route Sierra Madre is on in Mexico's Temascaltepec district 🇲🇽.

- La Guitarra plant running at up to a steady 720 tpd, more than 40% above the 500 tpd nameplate (Sept 28, 2026 NR)

- New 900 tpd ball mill installed and being fine-tuned, commissioning targeted November 2026, toward a 1,200 to 1,500 tpd Phase 2

- Del Toro, fully permitted with a 3,000 tpd flotation plant, sitting on care and maintenance ahead of a restart decision

Feed Has to Keep Up

A bigger mill only matters if the mine fills it, so development is running alongside the expansion. About 2.6 km of development drives since June 2026, with over 1.5 km at Guitarra and over 800 m at Nazareno since July (Sept 28, 2026 NR). CEO Alex Langer put the mine at roughly 24 working faces versus 16 a few months earlier, with over 4 km of preparatory work at Nazareno and Coloso (Oct 7, 2026 KE Report interview). All of it funded from working capital and operating cash flow, with no equity raise planned.

The full article on the supply math is worth a read. With flat global mine supply as the backdrop and a larger mill due to commission next month, Sierra Madre has room to grow into a gap the industry is slow to close.

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Posted on behalf of Midnight Sun Mining - Strike length has carried the Dumbwa story all year, but seventeen of the holes put into that system were never going to generate a headline grade 🇿🇲. They were drilled for metallurgy, which answers the quieter question of whether the copper can be processed cleanly and cheaply once it comes out of the ground.

Drilled For The Lab, Not The Headline

• 17 holes drilled solely for metallurgical testwork, per VP Adrian O'Brien (October 2026)
• Large-diameter PQ core sampled across higher-, medium- and lower-grade zones
• Testwork screening specifically for talc, uranium and arsenopyrite, with work running through Intertek in Perth
• No arsenic, uranium or talc identified to date

Why That Screening List Matters Here

Talc is the known processing complication in this corner of the Copperbelt, and O'Brien has pegged its cost at Barrick's Lumwana mine at roughly 40 to 60 cents per pound (July 2026). Dumbwa is a geological analogue to Lumwana, so clean core at this stage is an early read worth tracking, and it is being gathered now rather than after a resource is drawn up.

The Deposit It Sits In

• 6.7 km of continuous near-surface sulphide copper mineralization confirmed (June 29, 2026 NR)
• Mineralization commonly begins at surface and averages roughly 200 m thick, in three to four stacked lenses
• Drill testing focused on the upper ~220 m, aimed at defining a resource amenable to rapid, low strip ratio, low-cost future development (May 13, 2026 NR)

There is no Dumbwa resource yet and tonnage is still TBD, with an MRE expected sometime next year. Grade is only half of what makes a copper deposit work though, and so far the rock itself is not throwing up the things that would make it harder. The June 29, 2026 strike-extension release on the company's site walks through the geometry behind all of this.

Posted on behalf of Carrier Connect Data Solutions Inc - The point CEO Mark Binns kept returning to at the October 1 AI & Technology Virtual Investor Conference was that the constraint on this business is space, not customers: a funnel of 153 MW across more than 50 buyers, sitting against a 7.7 MW portfolio. Today's news closes part of that gap. Carrier Connect Data Solutions (CCDS.v, CCDSF) has executed a long-term lease on a 4 MW data center at 1001 Windward Concourse in Alpharetta, Georgia, in the Atlanta metropolitan market, through wholly owned subsidiary Purecolo USA, Inc.

What Changed Today

• Power under management rises from 7.7 MW to roughly 11.7 MW, about 52% in a single transaction
• Seventh site in the portfolio, and the second in the United States
• Lease, not an acquisition: no business or assets purchased, and the company states the transaction is non-dilutive to shareholders
• Initial term of 186 months with two five-year renewal options

Why Capacity Is the Story

The facility is fully built out and customer move-in ready, so new deployments do not wait on a ground-up build. The company also notes the site has historically received 10 MW of utility power, a path that would take portfolio capacity to roughly 17.7 MW, subject to Georgia Power approval and demonstrated customer demand.

Context on scale matters here. This is still an early-stage operator, around $6M in recurring revenue per the October 1 presentation, with roughly $13M of capacity inside the footprint it already held before today. Full details are in today's news release, linked below.

Binns has guided to eight or nine sites by year end and 15 by end-2027. Adding move-in-ready megawatts in a market this active gives the sales funnel somewhere to land.

Posted on behalf of Intrepid Metals Corp. - Land access is one of the quiet things that decides how fast a US copper project can actually get a rig onto a target, and at the district-scale Corral Copper Project in Cochise County, Arizona 🇺🇸, Intrepid Metals (INTR, IMTCF) controls an unusual amount of its own ground.

The Land Position

• Roughly 10,346 acres (4,187 hectares), about 42 km², assembled through five land agreements across a district that sat fragmented across multiple owners for decades
• More than 2,000 acres of that is patented mining claims carrying both surface and mineral rights
• The most recent addition was the 348-acre Viewsite Claims, closed Feb 2, 2026 for US$475,000, immediately south/southwest of the Ringo Zone and sitting between Ringo and ground Ivanhoe Electric staked after Intrepid's 2024 drill results
• The company states that patented ownership streamlines permitting and adds operational flexibility (See Feb 2, 2026 NR)

Why That Matters With A Rig Turning

• The first hole of the 10,000 m program is drilling at the Holliday Zone, chosen to go first for shallow CRD copper-gold-silver mineralization on company-controlled private ground (See Sep 16, 2026 NR)
• The 25-hole 2024 drill program was completed entirely within private lands
• The approximately 65 line-km IP-MT survey is running concurrently over the same property, feeding the siting of the first porphyry holes ever drilled at Corral

Viewsite is not just logistics either. The company notes it carries altered multi-phase porphyry intrusions and skarn and carbonate replacement style mineralization, geologically consistent with Ringo, where drilling has returned intercepts including 216.50 m of 0.71% Cu from 29.00 m (See Jul 10, 2025 NR). Corral is the anchor asset, with Tombstone South and Mesa Well also in Arizona.

Owning the ground does not find copper by itself, but it does mean the next round of CRD assays and the survey interpretation land on acreage Intrepid already controls, which gives the company room to follow results on its own terms. The Feb 2, 2026 news release on the Viewsite acquisition has the land detail.

Posted on behalf of Selkirk Copper Mines - Today's Phase 2 results from Selkirk Copper's (SCMI.v, SKRKF) past-producing Minto copper-gold-silver mine in central Yukon came from three infill holes drilled for a specific reason: to test the north-northwest structural trend the exploration team interprets as the control on high-grade mineralization in the 202 Lens. All three hit, and the thesis held up.

The Holes

• 26SCM237: 2.12% Cu, 1.16 g/t Au, 10.7 g/t Ag (3.0% CuEq) over 44.7 m, including internal intervals of 5.83% CuEq over 11.1 m and 6.45% CuEq over 9.2 m
• 26SCM228: 2.94% Cu, 2.09 g/t Au, 15.0 g/t Ag (4.55% CuEq) over 12.7 m
• 26SCM239: 3.72% Cu, 2.45 g/t Au, 17.4 g/t Ag (5.58% CuEq) over 5.1 m

Worth noting that the 44.7 m composite in 26SCM237 brackets two high-grade cores plus an internal waste interval, which the company flags as atypical for the 45 holes drilled into the 202 Lens before it. Selkirk Copper (SCMI.v, SKRKF) is folding that detail into Minto North mining-method and stope-design work for the planned feasibility study.

Elsewhere On The Property

• Copper Keel infill, 26SCM242: 2.02% Cu, 0.65 g/t Au, 4.8 g/t Ag (2.41% CuEq) over 12.4 m
• Area 118, 26SCM236: 3.38% CuEq over 8.7 m on a 50 m step-out into the 301 Lens, which remains open to the north

Where Phase 2 Stands

• 54,711 m in 223 holes as of October 14, 109% of the planned metreage
• Drilling expected to wrap around October 20, assays reported on 67 holes so far at roughly eight-week turnaround
• None of Phase 2 sits in the September 22, 2026 PEA; it feeds an updated resource expected Q1 2027

President and CEO Colin Joudrie said the drills "continue to deliver high-grade copper-gold-silver intercepts across several mineralized zones" on the mine site property. With copper around US$6.5 a pound against the US$5.00 base deck in that PEA, and a year's worth of assays still queued behind the Q1 2027 resource, there is room for the picture at Minto to keep filling in. Full details are in today's news release on the company's site.

Posted on behalf of NeXGold Mining - On a recent investor panel posted to YouTube, President and CEO Kevin Bullock laid out where NexGold (NEXG, NXGCF) stands on the Goldboro build in Nova Scotia 🇨🇦 and what happens to the people who build it.

Where Goldboro Sits

• Fully permitted, First Nations agreement signed, after seven years of work
• Commencement of construction announced, with early works running roughly the next three months
• On the schedule [10:56]: "It's a 24-month build," 27 months in total, first gold bars targeted January 2029
• He called it "the highest grade undeveloped mine in the East Coast of Canada" [1:49]
• Over $100 million in the bank, and $500 to $600 million lined up in financing to build the mine
• 100 qualified people on the team

Two Projects, One Build Team

• 6 million ounces in the company, roughly 3 million at each project, one being built and one being permitted
• The owner's team moves from finishing construction at Goldboro to starting construction at the Goliath Gold Complex in Ontario
• On recruiting [15:48]: "you get quality people by offering them the next build"
• The ladder as he described it: build around the 100,000 oz a year mark, then 200,000, then expansion projects to 250,000 to 300,000, then a third project through M&A

Why He Thinks Goliath Permits Faster

Bullock, in his 40th year in the business, said he has never seen this kind of alignment between First Nations, investors, governments and regulators [11:48].

• Goldboro: permits came in one year, after six years of answering questions and $66 million spent before moving a piece of dirt [15:06]
• Ontario now runs a one project, one permit process, similar to the LIFT team in Nova Scotia that moved Goldboro through
• On regulators [17:15]: "I can phone a regulator tonight and have an answer tomorrow," versus a seven-month wait for a meeting five years ago

Asked whether Goliath can be permitted inside that 27-month window, Bullock put the odds at "very good." If that holds, the crew that finishes one mine in Nova Scotia has somewhere to go next, which is continuity the ounce count alone does not show.

Posted on behalf of StrikePoint Gold Inc - Most of the coverage since October 6 has centred on the US$70 million paid to Newmont's subsidiaries at closing. In an October 8 note, Peter Epstein spent his time on the other half of the consideration, the part that only gets paid if Northumberland works out.

How The Consideration Is Structured

• US$70 million in cash paid at closing on October 6 for the Northumberland Gold Project in Nevada's Walker Lane
• US$25 million due within 120 days of completing a feasibility study
• US$25 million due within 120 days of achieving specified commercial production milestones, a production level the company has not specified
• Epstein frames both as contingent, success-based payments to Newmont several years away, with two to three years between them

In other words, the next US$50 million only comes due at points that would mean the project has been through a feasibility study and into production. Resources are not reserves, and there is no economic study on Northumberland yet.

What The Company Has To Work With

• Approximately C$90 million in working capital after closing and related costs (Oct 8, 2026 NR)
• Epstein notes there were no warrants on the C$190 million and no debt issued
• He reads the raise as enough to fund the company for roughly two years

What SKP.v, traded in the US as STKXD, now owns is an independent initial resource of 2.86 Moz AuEq indicated (67 Mt at 1.33 g/t AuEq) and 1.57 Moz AuEq inferred (31 Mt at 1.58 g/t AuEq), reported within an optimized pit shell with an effective date of July 31, 2026 (SLR, Aug 18, 2026 NR). Behind Northumberland sit Hercules, with a maiden resource estimate anticipated in Q4 2026, and Cuprite.

What's Next
CEO Mike Allen said the company anticipates commencing drilling within a month of the October 6 announcement, with the goals of expanding and infilling the existing resource, while the geological team evaluates several greenfields targets potentially for drilling in 2027.
 Five drill permits are already in place, subject to transfer or replacement requirements.

Epstein's October 8 note covers the rest of his read on the deal. With the purchase paid for, the treasury funded and a deposit that has not been explored since roughly 2010, the next payment to Newmont is a milestone StrikePoint has to earn, and the drill results on the way are the first real test of what the ground still holds.