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November 09, 2021
Brunswick Exploration (TSXV:BRW) offers shareholders access to a highly experienced management team and board of directors with a focus on grassroot exploration.
The company's exploration team is led by Robert Wares, founder of the Osisko Group of Companies. Brunswick Exploration's notable projects include Fundy Gold and Bathurst Mining Camp. The Fundy Gold project is a high-grade, multi-ounce and gold-polymetallic project in New Brunswick, Canada.
Brunswick Exploration's Company Highlights
- Brunswick Exploration focused on exploring and developing a diversified portfolio of highly prospective high-grade gold and copper projects in Eastern Canada.
- Brunswick Exploration's Fundy Gold project is a high-grade, multi-ounce and gold-polymetallic project in New Brunswick. The project includes a gold-silver-copper vein system with 67.2 g/t Au, 17 g/t Ag and 0.59 percent Cu and a gold-silver-copper-lead antimony vein system with 2.02 g/t Au, 309 g/t Ag, 1.19 percent Cu and 3.02 percent.
- The Bathurst Mining Camp project is a high-grade base metal VMS project located in the prolific Bathurst Mining Camp in New Brunswick. The total indicated mineral resource on the Bathurst Mining is a significant 1.96 million tonnes including 2.38 percent lead, 0.22 percent copper, 68.90 g/t silver and 9.00 percent zinc equivalent. The total inferred resource is 3.85 million tonnes including 5.34 percent zinc, 1.49 percent lead, 0.32 percent copper, 47.7 g/t silver and 7.96 percent zinc equivalent. The mineral resource cut-off grade is an excellent 5.5 percent zinc equivalent.
- The company's Quebec-based projects include the nickel-copper Lac Edouard project and the base metal Waconichi project in the prolific Abitibi gold belt.
- Brunswick Exploration's Bathurst Mining Camp and Fundy Gold projects are located near the past-producing Brunswick No. 12 and No. 6 mines. The mine at the Brunswick No. 12 deposit was one of the largest underground zinc mines in the world.
- Brunswick Exploration is led by Robert Wares, founder of Osisko Mining.
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18 June
Brunswick Exploration
Investor Insight
With multiple significant lithium discoveries under its belt and a proven exploration strategy that yields results, Brunswick Exploration makes a compelling investment proposition in the ever-expanding lithium space.
Overview
Brunswick Exploration (TSXV:BRW,OTCQB:BRWXF,1XQ:FF) is one of North America's few publicly traded companies aggressively pursuing grassroots lithium exploration across Canada and Greenland. The company is leveraging cutting-edge exploration technologies and systematic geological fieldwork to uncover new spodumene-bearing pegmatite discoveries in underexplored districts.
Brunswick has staked and is actively exploring large-scale pegmatite fields in Quebec and both western and eastern Greenland. Its multi-regional strategy is designed to fast-track discoveries of high-grade lithium deposits to meet rising global demand driven by the energy transition.
Brunswick’s exploration process begins with comprehensive data compilation and geological analysis to pinpoint promising target areas. Its experienced field teams then deploy traditional prospecting techniques—including bedrock mapping, sampling, and geophysical surveys—to validate targets on the ground. This hands-on approach has led to multiple new lithium discoveries and remains central to the company’s value creation strategy.
The company has launched an aggressive, regional-scale prospecting and mapping campaign across its extensive Greenland portfolio which will run for six weeks, supported by four field crews and two helicopters. The initial phase will see one team conducting detailed mapping and sampling around the Ivisaartoq spodumene discovery and surrounding areas. A second team will cover the expanded Nuuk and Paamiut licenses, including follow-up at the historical spodumene showing at Paamiut.
Starting in July 2025, fieldwork will pivot based on June results, with one crew continuing follow-up at Nuuk and Paamiut, and another moving to Disko Bay and Uummannaq. Findings will guide advanced exploration in August–September, including first-pass work at the newly acquired Hinksland project.
In Quebec, Brunswick Exploration has prioritized three key lithium projects in the Eeyou Istchee–James Bay region: Mirage, Anatacau, and PLEX with active drilling underway at Mirage following 2023 grassroots discoveries.
In 2024, the company made Greenland’s first lithium-bearing spodumene pegmatite discovery at the Ivisaartoq field under its Nuuk license—an area characterized by ancient Mesoarchean geology. Brunswick is now expanding its land position in both western and eastern Greenland to build on this breakthrough. In 2025, the company reported it had submitted license applications covering 20,785 hectares at Paamiut that include multiple metavolcanic amphibolite belts and nine mapped pegmatites 500–900 m in strike length, with approval pending. Brunswick had also applied for a 17,800-hectare Hinksland license in eastern Greenland containing over 50 mapped and interpreted pegmatite outcrops, including nine that are between 500 m and roughly 10,000 m in strike length, likewise awaiting government sign-off.
The exploration team is led by Executive Chairman Robert Wares, a renowned geologist and co-founder of Osisko Mining. Wares played a pivotal role in discovering the Canadian Malartic gold deposit, which became one of Canada’s largest gold producers. His leadership and exploration success provide strong technical guidance for Brunswick’s operations.
Company Highlights
- Brunswick Exploration (BRW) is a Montreal-based mineral exploration company listed on the TSXV under symbol BRW. The company is focused on grassroots exploration for lithium in Canada and Greenland, a critical metal necessary to global decarbonization and energy transition.
- This has generated one of the largest grassroots lithium portfolios globally.
- BRW's board includes Robert Wares, one of the founders of Osisko Mining.
- BRW was recognized as one of the Top 50 TSX Venture listed companies in 2023.
- The company has staked hundreds of untested prospective pegmatites measuring a minimum strike length of 500 meters and within 50 kms of infrastructure.
- In 2023, three discoveries were made in the Eeyou Istchee-James Bay region of Quebec at the Mirage, Anatacau Main and Elrond projects.
- In 2024, BRW announced a newly discovered pegmatite outcrop from its Nuuk License, making it the first confirmed lithium discovery in Greenland.
- In 2025 BRW bolstered its first-mover position in Greenland by staking about 38,500 ha across two new licenses — 20,785 ha at Paamiut (SW Greenland) hosting nine 500-900 m pegmatite trends and 17,800 ha at Hinksland (E Greenland) with over 50 mapped pegmatites, including nine 500-10,000 m trends — making BRW one of the country’s largest mineral-license holders and giving it hundreds of untested targets for lithium exploration.
Key Projects
Mirage Project
The Mirage Project consists of 427 claims covering 21,230 hectares (including both staked and optioned claims), situated approximately 40 km south of the Trans-Taiga Highway in Quebec’s James Bay region. The project was initially staked following insights from a geologist who explored the area for gold over two decades ago and documented numerous angular pegmatitic glacial boulders containing large, well-defined spodumene crystals, including one boulder measuring 8 x 4 x 3 meters.
In fall 2023, Brunswick Exploration uncovered multiple high-grade spodumene outcrops along a 2.5-km trend, alongside a distinct 3 km boulder train with different mineralogical characteristics, suggesting the presence of multiple lithium-bearing sources within the project area.
The company intersected 37 m at 1.14 percent Li₂O in hole MR-24-87 at the MR-3 dyke; 36 m at 1.51 percent Li₂O in hole MR-24-102 within the Stacked Dyke area where the same hole also cut thirteen additional spodumene-bearing dykes and 28 m at 1.32 percent Li₂O in hole MR-24-101 at the MR-6 dyke, together extending the combined MR-3–MR-6–Stacked Dyke swarm to more than 1 km by 450 m. In the past drillings, Brunswick intercepted 1.55 percent and 1.64 percent Li₂O at 93.45 m and 69.3 m respectively at the MR-6 dyke The project continues to show excellent continuity and scale, with stacked dykes and new zones being delineated through ongoing drilling.
The winter 2025 drill program covering over 5,000 meters is designed to test new extensions to MR-3, MR-4, and MR-6 dykes, as well as additional targets within the broader Central Zone. Mirage is quickly emerging as a potential high-grade, large-tonnage lithium system.
Spodumene crystals at Mirage are massive and white to pale grey, both at the surface and in the core.
In 2025, BRW has continued to advance Mirage through additional drilling and metallurgical testing. The winter drill program intersected 36 meters at 1.51percent Li2O in the Stacked Dyke area and 28 meters at 1.32 percent Li2O at the MR-6 dyke, significantly extending these pegmatites along strike. This drilling confirms that the MR-3, MR-6 and Stacked Dyke systems form a major spodumene-bearing pegmatite swarm now traced over ~1,000 by 450 meters and open in multiple directions. Phase 1 metallurgical results indicate the potential for a dense media separation (DMS)-only flowsheet (no flotation required), capable of producing a clean spodumene concentrate grading ~5.5–5.7 percent Li2O with up to 76 percent recovery and low impurities.
PLEX Project
The company is also advancing the early-stage Poste Lemoyne Extension (PLEX) project, located along the La Grande shear zone approximately 75 km west of Patriot Battery Metals’ Corvette project. PLEX consists of 375 claims covering 19,175 hectares and remains a target for future prospecting campaigns.
Anatacau
Comprising the Anatacau Main and Anatacau West projects, these assets are under an option agreement with Osisko GP, a subsidiary of Osisko Development, under which Brunswick Exploration can earn a 90 percent interest in the projects. The Anatacau property is located just east of Rio Tinto (NYSE:RIO) recently acquired James Bay Lithium deposit (previously known as the Cyr deposit), previously owned by Arcadium (NYSE:ALTM) which has a total mineral resource of 110.2 million tons (Mt) at 1.30 percent lithium oxide and a total ore reserve of 37.3 Mt at 1.27 percent lithium oxide.
BRW completed a maiden drill program at the Anatacau West property totalling 3,712 meters. 17 of the 18 drilled holes intersected spodumene mineralization that generated up to 26.5 metres at 1.51 percent Li2O.
In the summer of 2023, Brunswick discovered a significant lithium pegmatite outcrop, measuring at least 100 meters long by 15 meters wide known as the Anais showing in Anatacau Main. The outcrop is within a larger cluster of pegmatite dykes all of which contain high-grade lithium mineralization.
This discovery is located 22 km east of Anatacau West and Rio’s James Bay project along a large-scale E-W deformation corridor which is host to the known lithium-bearing pegmatite dykes in the region.
Greenland
Brunswick Exploration is now one of Greenland’s largest mineral license holders and the only company actively exploring for lithium in the country, capitalizing on a clear first-mover advantage. With supportive regulations, highly prospective geology, and excellent outcrop exposure, 2025 is set to be a breakthrough year as the company launches a major lithium exploration campaign.
A six-week regional program begins in June, with four field crews and two helicopters deployed across Brunswick’s vast land package. One team will focus on the Ivisaartoq spodumene discovery, while another targets the Nuuk and Paamiut licenses. In July, follow-up work will continue at Nuuk and Paamiut, while a second team begins prospecting at the Disko Bay and Uummannaq properties.
Initial results will guide advanced exploration phases in August and September across high-priority targets.
2025 Paamiut license area
Brunswick Exploration has applied for new licenses covering 20,785 hectares, approximately 90 to 130 km northeast of Paamiut, a coastal town about 260 km south of Nuuk. The area lies within the Bjornesund tectonic block of the North Atlantic Craton, a geologically favorable region comprising tonalitic and granodioritic orthogneiss and Mesoarchean metavolcanic amphibolite belts.The newly staked ground includes multiple amphibolite belts up to 1.5 km wide and 15 km long, along with nine mapped and interpreted pegmatite targets ranging from 500 to 900 meters in strike length. License applications have been submitted and are currently pending final government approval
Nuuk Expansion
Brunswick Exploration’s Nuuk holdings include the Ivisaartoq spodumene discovery within the Ivisaartoq belt. The company has applied to stake the adjacent Ujarassuit amphibolite belt, which is up to 1 km wide and 40 km long. Additional claims have been secured within the Fiskefjord Complex, located 95 km north of Nuuk and 75 km southeast of Maniitsoq, covering amphibolite belts up to 4.5 km wide and 20 km long. The newly acquired and applied-for claims span 33,138 hectares and host hundreds of mapped and interpreted pegmatite outcrops, including six targets with strike lengths between 500 and 2,000 m.
Disko Bay
The Disko Bay licenses are located roughly 30 to 80 kms from the coastal city of Ilulissat, which is the third largest city in Greenland. The licenses are near multiple seaports and container terminals, including Ilulissat. The area is situated within the Aasiaat domain, part of the Paleoproterozoic Nagssugtoqidian Orogen, sandwiched to the south by the Archean North Atlantic Craton and to the north by the Archean Rae Craton. The Orogen extends west into the Trans-Hudson orogeny of Canada that continues to the lithium deposits near Snow Lake Manitoba and the Black Hills of South Dakota.
Multiple amphibolite and metasedimentary belts were acquired with some belts being over 20 km in strike length. The new claims have hundreds of mapped and interpreted pegmatite targets with a total license area of 49,639 hectares.
Uummannaq
The licenses are located roughly 70 km from the coastal city of Uummannaq, about 80 km north of Ilulissat. Uummannaq has a population of about 1,660, an airport and a ferry terminal as well as a nearby container terminal. The area is located within the Archean Rae Craton that is intermixed with the Paleoproterozoic Rinkian fold-thrust belt, both of which are in contact with the Paleoproterozoic Nagssugtoqidian Orogen to the south.
The new license contains multiple amphibolite and metasedimentary belts with dozens of mapped and interpreted pegmatites with a total license area of 9,770 hectares.
Management Team
Robert Wares - Executive Chairman
Robert Wares is a professional geologist with more than 35 years of experience in mineral exploration and development. He was responsible for discovering the Canadian Malartic bulk tonnage gold mine, which was subsequently developed by Osisko Mining into one of Canada's largest gold producers. Wares was a co-winner of the Prospectors and Developers Association of Canada's "Prospector of the Year Award" for 2007. He was also named one of the "Mining
Men of the Year" for 2009 by the Northern Miner. He has a Bachelor of Science and an honorary doctorate in earth sciences from McGill University.
Killian Charles - President and CEO
From 2017 to 2021, Killian Charles worked as VP of corporate development for Osisko Metals. Charles was previously the manager of corporate development at Integra Gold Corp, which was an advanced-stage gold development company until it was acquired by Eldorado Gold in July 2017. He worked as a mining analyst at Industrial Alliance Securities and Laurentian Bank Securities. Charles covered small and mid-cap exploration and production companies as a mining analyst. Charles holds a Bachelor of Science with a major in Earth and planetary sciences from McGill University.
Anthony Glavac - CFO
Anthony Glavac has more than 17 years of experience in financial reporting, including over 12 years in the mining industry. Since August 2017, Glavac has served as vice-president, and corporate controller for Falco Resources, and previously served as director, financial reporting and internal controls at Dynacor Gold Mines. Glavac spent 10 years at KPMG, working with both public and private companies, providing audit, taxation, strategic advisory and public offering services. Glavac is also involved with other public companies in the mining industry.
Simon Hébert - Vice-president, Development
Simon Hébert is a professional geologist with over 13 years of experience in mineral exploration, having begun his career with Virginia Mines and Osisko Mining. He has worked on numerous metallogenic projects across Baie-James, Nunavik, and the Northwest Territories. In 2019, he helped form NQ Mining Investment, becoming its general manager in 2023. A member of the Ordre des Géologues du Québec since 2012, Hébert also serves as vice president of the AEMQ and is chair of the Table Jamésienne de concertation minière. He holds a BSc in Geology from Université Laval.
François Goulet - Exploration Manager, Quebec
François Goulet holds a master’s degree in structural geology from UQÀM and has extensive exploration experience in James Bay and internationally. He was recently president and CEO of Harfang Exploration, a gold project generator in Quebec. Goulet has worked with companies including Virginia Mines, Unigold, Maya Gold & Silver, the Canadian Malartic Partnership, and Glencore Canada. He is a board member of the AEMQ and a registered geologist with the Ordre des géologues du Québec since 2011.
Charles Kodors - Exploration Manager, Atlantic Canada
Charles Kodors is the Manager, Atlantic Canada at Brunswick Exploration Inc. and has been with the company since January 2021. Having 15 years of experience in the mining and exploration industry, he most recently served as an exploration manager for Osisko Metals and a senior exploration geologist for Kirkland Lake Gold. Kodors received his B.Sc. from Brock University and is a registered professional geologist within the provinces of New Brunswick, Newfoundland, Nova Scotia, Ontario, Quebec, Manitoba and Saskatchewan.
Shayaan Belluzzo – Corporate Secretary
Ms. Shayaan Belluzzo is a seasoned Corporate Secretary with over 8 years of experience of board governance and compliance, corporate restructuring matters for various global entities and investment vehicles, focusing on corporate regulatory and corporate governance best practices, and providing strategic legal support. Recently, Belluzzo also held key roles as Corporate Secretary of Windfall Mining Group and Assistant Corporate Secretary of Osisko Mining, supporting both companies during a $2.16 billion acquisition. Ms. Belluzzo’s diverse industry experience stems from her work in global investment, asset management, and law firms, including McCarthy Tétrault LLP.
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Exploring Diverse, Highly Prospective Lithium Projects in Canada
03 July
Bert Dohmen: Gold, Silver Key as Stock Market Bull Trap Looms
Bert Dohmen, founder and CEO of Dohmen Capital Research, sees physical gold and silver as key safe havens as a potential bull trap in the broad stock market plays out.
"We said we're probably going to go to a new high in a major, widely watched index like the S&P 500 (INDEXSP:.INX). It's going to be by a small amount a new high, and that's going to close the bull trap," he said.
Don't forget to follow us @INN_Resource for real-time updates!
Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.
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03 July
Top 5 ASX Gold Stocks of 2025
Gold continued to perform well through the second quarter of 2025, reaching a new all-time high of AU$5,425 per ounce on April 22.
The price surge has occurred amid volatile equity and financial markets since the start of the year, driven by concerns over a global trade war and escalating geopolitical tensions in the Middle East.
The rising gold price has also been supported by uncertainty over a looming debt crisis in the United States. Some investors have turned away from dollar-denominated haven assets, such as US Treasuries, in favour of precious metals like gold.
What implications do these circumstances hold for ASX-listed gold stocks? Read on to discover which companies have seen the biggest gains in 2025. Data for this article was retrieved on June 25, 2025, using TradingView's stock screener, and only companies with market capitalizations greater than AU$10 million at that time were considered.
1. Forrestania Resources (ASX:FRS)
Year-to-date gain: 469.23 percent
Market cap: AU$23.91 million
Share price: AU$0.074
Forrestania Resources is a gold, copper and lithium exploration company with projects in Western Australia. Since the start of the year, the company has been focused on gold exploration at its Bonnie Vale and Forrestania projects.
Bonnie Vale lies within the Eastern Goldfields. The property covers an area of 75 square kilometres and hosts multiple zones of mineralization, including the Ada Ann prospect. Historic drilling at the site has seen assays returned up to 12.8 grams per tonne (g/t) gold over 4 metres.
Shares started to gain after the company announced on February 13 that it had begun follow-up drilling at the prospect and would build on its maiden program at the site. The most recent results from the program were released on May 9, with the company reporting a highlighted assay of 4.3 g/t gold over 7 metres, including 25.6 g/t over 1 metre.
The company said the results showed some thickening of the mineralized zones at depth, adding that the known mineralization had been extended to the north and south, with the prospect open in all directions.
The company has also been working on its Lady Lila gold prospect at its Forrestania gold-lithium project. The prospect, located in the Southern Cross Greenstone Belt, has a strike length of 2 kilometres and a width of 700 metres. According to the company website, the deposit has an inferred resource of 24,000 ounces of gold from 514,000 tonnes of ore with an average grade of 1.4 g/t gold.
On May 12, Forrestania announced both an upcoming drill program at the Lady Lila prospect and the company's acquisition of a tenement immediately adjacent to it.
Additionally, Forrestania reported on May 16 that metallurgical engineer David Geraghty joined the company board as a non-executive director. The company noted that he is a highly experienced mining executive and brings a background in project development and operational expertise.
The company's share price climbed in the following weeks to reached a year-to-date high of AU$0.085 on May 28.
2. Native Mineral Resources (ASX:NMR)
Year-to-date gain: 361.54 percent
Market cap: AU$169.89 million
Share price: AU$0.18
Native Mineral Resources is a gold exploration and development company advancing its Charters Tower gold project in Northeast Queensland, Australia, to production in Q3 of this year. It also owns the Palmerville gold-copper project in the same state.
Native acquired Charters Tower in November 2024 for AU$18.9 million and a 2 percent royalty on gold production .
The project consists of 17 granted mining leases, one mineral development licence, six exploration permits and one exploration permit application. The site hosts the Far Fanning and Blackjack deposits, both of which have a historic exploration background. Additionally, Blackjack is home to a 340,000 tonne per annum gold processing plant.
The company announced on June 17 that it was on schedule for first gold pour at Blackjack by the end of July. At that time, the open pit was established, dry commissioning of the plant was underway and water and air services installations were nearing completion. Infrastructure and surface preparation is also on track to support the commencement of mining in Q3 2025.
As for Palmerville, Native Mineral Resources announced June 16 that it was granted a new exploration permit that expanded the project. The company is planning fieldwork at the project later this year.
Shares in Native Mineral Resource reached a year-to-date high of AU$0.22 on June 17.
3. Trek Metals (ASX:TKM)
Year-to-date gain: 290.91 percent
Market cap: AU$42.78 million
Share price: AU$0.086
Trek Metals is an exploration company with several assets throughout Australia, including the highly prospective Christmas Creek project. The property covers an area of 1,183 square kilometres in the Kimberley Region of Western Australia, and, according to Trek, has significant district-scale potential for gold and rare earth elements.
The company wholly acquired Christmas Creek as part of its acquisition of ArcherX in October 2023. Newmont (TSX:NGT,NYSE:NEM) had previously earned a 75 percent interest in the project from ArcherX, but returned it as part of a portfolio rebalancing.
Shares in Trek gained significantly starting on March 17 after the company reported visible gold in drill chips from its 2024 exploration campaign at the Martin target. The chips came from two previously reported high-grade intervals, one of which graded an average of 12.66 g/t gold over 10 metres.
Trek said it decided to fast-track drilling based on this discovery, along with down-hole televiewer data that confirmed a series of stacked veins.
Following surveying and earthworks in preparation of the next phase, Trek commenced a major drill at the site on June 4, targeting extensions of the Martin target while also focusing on mineralization from other targets.
The company followed up with an announcement on June 25 that it had secured an additional rig to enlarge the drill program for deeper exploration and to obtain more detailed structural information.
Shares in Trek reached a year-to-date high of AU$0.092 on June 23.
4. African Gold (ASX:A1G)
Year-to-date gain: 224.56 percent
Market cap: AU$86.85 million
Share price: AU$0.185
African Gold is a gold exploration company with projects in Côte d’Ivoire. The company’s primary focus in 2025 has been on the Blaffo Guetto prospect at its Didievi gold project in Central Côte d’Ivoire.
During the first half of 2025, African Gold conducted a 10,000 metre diamond drill program at the site, with the intention of upgrading its July 2024 maiden inferred resource of 452,000 ounces of gold from 4.93 million tonnes at an average grade of 2.9 g/t gold.
On June 23, the company announced that its efforts had yielded a significant boost to its resources, reporting an updated inferred resource of 989,000 ounces from 12.4 million tonnes, with an average grade of 2.5 g/t, using a cut-off grade of 0.8 g/t. The announcement added that the gold system has been primarily tested at near-surface depths of approximately 300 metres and has demonstrated mineralization open in all directions.
African Gold has also been drilling at other targets at Didievi this year that are outside the resource area. The company reported the discovery of a large gold system at the Poku Trend in April, and confirmed continuous gold mineralisation over 600 metres at the Pranoi prospect in May.
In addition to exploration work, on March 25 African Gold announced a strategic partnership with Montage Gold (TSX:MAU), a fellow gold company in Côte d’Ivoire advancing its Koné gold project towards production in 2027, as well as a private placement for up to AU$1.84 million with separate investors that was later upsized to AU$2.7 million.
Montage and insiders would acquire a large stake in African Gold through a share swap of 2.03 million shares of Montage for 92.38 million shares in African Gold, both valued at AU$6.47 million, as well as through a placement of 12.37 million shares to Montage insiders worth AU$866,000. Following the completion of the deal on June 13, Montage holds a 17.5 percent stake in African Gold.
Shares in African Gold reached a year-to-date high of AU$0.195 on June 26.
5. Torque Metals (ASX:TOR)
Year-to-date gain: 203.92 percent
Market cap: AU$76.35 million
Share price: AU$0.145
Torque Metals is a gold exploration company working to advance its flagship Paris gold project in Western Australia. The property covers an area of 700 square kilometres near Kalgoorlie.
In June, Torque completed its merger with Aston Minerals that was announced on January 28. The combined business controls 1.75 million ounces of gold resources between Torque’s Paris project and Aston’s Edleston gold project in Ontario, Canada.
The company has spent the first half of 2025 focused on exploration work at its Paris project, announcing the discovery of parallel lodes on March 6. The trends were identified through shallow drilling, with one located 80 metres southeast of the main Paris deposit and the other,= 100 metres northwest.
Initial assays from the drilling returned highlighted drill samples from the southeastern lode of 4.04 g/t gold over 4 metres, which included an intersection of 7.39 g/t over 2 metres. Meanwhile, the northwestern lode returned a highlighted sample of 1.02 g/t over 7 metres.
The company furthered the exploration work in April through the use of down-hole electromagnetic surveys. It reported on May 5 that the surveys detected large off-hole conductors "extending well beyond the current mineral resource estimate," indicating potential for resource growth. Due to the success of the surveys thus far, Torque said it plans to continue using the method over further targets at its project.
The most recent announcement from the project came on May 8, when the company reported that it had been awarded a co-funded diamond drilling grant through Western Australia’s Exploration Incentive Scheme. The company will receive AU$144,500 toward drilling for gold extensions west of the known zones.
Shares in Torque reached a year-to-date high of AU$0.155 on June 26.
FAQs for ASX gold stocks
How to invest in gold on the ASX?
As Australia is a top gold-mining jurisdiction and the country's government is supportive of mining, there are plenty of options for investing in gold on the ASX. Between gold miners operating major projects and gold explorers hunting for the next significant gold discovery, investors can choose what kind of company matches their risk appetite and portfolio.
When looking for a gold company to invest in, be sure to do your due diligence and learn about the company's key characteristics, including its leadership team, its finances and the geology of its projects.
How to buy gold stocks on the ASX?
Once you’ve selected a company or multiple companies to invest in, you can buy gold stocks using trading apps with access to ASX stocks, or you can get the help of a stock broker.
How to buy gold ETFs on the ASX?
For investors who prefer broader exposure to a sector, exchange-traded funds (ETFs) are a good option, and the ASX is home to multiple gold-focused ETFs. Because they are traded on exchanges like stocks, you can buy ETFs using the same methods described above. ASX-listed gold ETFs to consider include:
- ETFS Physical Gold (ASX:GOLD), which promises "low-cost access to physical gold via the stock exchange" and can be redeemed for physical gold.
- Perth Mint Gold (ASX:PMGOLD), which tracks the international price of physical gold.
- BetaShares Gold Bullion (ASX:QAU), which also tracks the physical bullion price.
Don’t forget to follow us @INN_Australia for real-time updates!
Securities Disclosure: I, Dean Belder, hold no direct investment interest in any company mentioned in this article.
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03 July
Sun Summit Minerals: Advancing District-scale Gold and Copper Projects in British Columbia
Sun Summit Minerals (TSXV:SMN,OTCQB:SMREF) is a Canadian mineral exploration company advancing district-scale gold and copper projects in British Columbia. Its flagship JD Project, located in the prolific Toodoggone district, is the focus of an aggressive 5,000-meter drill program in 2025 targeting a potential multi-million-ounce epithermal gold-silver system.
With funding in place, a five-year exploration permit secured, and an on-site camp established, Sun Summit is executing a disciplined strategy to build scale, unlock resource value, and deliver returns to shareholders. Reinvigorated by a revamped leadership team and a refined vision, the company is leveraging high-grade, strategically located assets to drive long-term growth.
The JD and Theory projects cover over 25,000 hectares in the heart of British Columbia’s Toodoggone mining district, one of Canada’s most prospective regions for epithermal gold-silver and porphyry copper-gold systems. The district hosts several significant deposits, including Thesis Gold’s Ranch and Lawyers projects (4.7 Moz gold equivalent, ~C$250 million market cap), Centerra Gold’s Kemess underground development, and TDG Gold’s Shasta-Baker project. The area is well supported by infrastructure, including hydroelectric grid access, all-season roads, and the nearby Sturdee airstrip.
Company Highlights
- Aggressive Discovery Strategy: Sun Summit Minerals is actively advancing the JD and Buck projects in BC, targeting epithermal gold-silver and porphyry copper-gold systems. A fully funded 5,000-meter drill program at JD underway in 2025, aiming to define a multi-million-ounce resource.
- Strategic Location: Both assets are situated in prolific and mining-friendly regions of British Columbia. The flagship JD project lies in the Toodoggone district—home to Thesis Gold and Centerra’s Kemess Mine, while Buck is near the Blackwater, Huckleberry, and Equity Silver mines in central BC.
- Re-rate Potential Opportunity: Trading at just ~$7/oz gold equivalent (EV/oz) based on Buck alone, with no value currently ascribed to JD, the company represents a deep value opportunity compared to the next-door neighbour Thesis Gold trading at ~$50/oz. Success at the drill bit from the ongoing drill program at JD could drive the potential re-rating.
- Fully Funded for 2025: A recent C$10M raise (May 2025) enables a robust exploration program, including drilling, geophysics, and soil sampling. The company is well-positioned to achieve its 2025 and 2026 exploration milestones without further dilution.
- Experienced, Capital Markets-Savvy Leadership: CEO Niel Marotta brings capital markets acumen from Fidelity and Orezone. The broader team includes senior geologists and advisors with decades of success in gold discoveries and mine development in BC.
- Positioned for Consolidation: With majors like Freeport, Centerra, and Skeena investing heavily in adjacent properties, Sun Summit is strategically located and advancing at the right time in the Lassonde Curve to benefit from industry-wide M&A and consolidation trends.
This Sun Summit Minerals profile is part of a paid investor education campaign.*
Click here to connect with Sun Summit Minerals (TSXV:SMN) to receive an Investor Presentation
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02 July
High grade gold in early stage drilling at Sandstone
02 July
Meeka Metals Reports First Gold Pour at Murchison Project
Meeka Metals (ASX:MEK) has poured the first gold at its flagship Murchison project in Western Australia.
The pour happened on Tuesday (July 1), and in a Wednesday (July 2) press release, the company said the project’s production is in line with schedule, happening within 12 months of breaking ground.
Murchison sits near several multimillion-ounce gold mines and hosts a large, high-grade resource of 1.2 million ounces at 3 grams per tonne (g/t) gold on granted mining leases.
Meeka released a definitive feasibility study in December 2024, outlining a 10 year production plan for the project. Up to 76,000 ounces per annum are targeted, with an average of 65,000 ounces approximated for the first seven years.
The study also focused on restarting the Andy Well mill, with site activity commencing during Q1 2025. Process plant commissioning followed in the next quarter, with the first gold pour following its projected schedule of mid 2025.
“It is an impressive achievement by the team to deliver first gold on time and within 12 months of breaking ground at the Murchison,” said Managing Director Tim Davidson. “We are now focused on ramping up gold production toward our targeted 80 kilo ounces per annum with the arrival of the third dig fleet and expanded open pit mining plan underway.”
Drilling at Turnberry Central, part of Murchison, was announced on June 10. Results include 30 metres at 1.09 g/t gold from 29 meters, including 9 meters at 2.45 g/t gold.
The company announced in mid-June that process plant commissioning was underway at Murchison.
Underground mining at Murchison’s Andy Well mill is set to begin in the third quarter of 2025. As per a company presentation shared by Meeka on June 19, Andy Well hosts a mineral resource of 505,000 ounces at 8.6 g/t gold.
First ore from Andy Well is expected in the third quarter of this year.
Don’t forget to follow us @INN_Australia for real-time news updates!
Securities Disclosure: I, Gabrielle de la Cruz, hold no direct investment interest in any company mentioned in this article.
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02 July
Sun Summit Minerals
Investor Insight
Sun Summit Minerals is targeting the delineation of a multi-million-ounce gold-silver resource at its flagship JD project. With strategic positioning in an emerging consolidation hotspot, compelling valuation metrics, and a track record of discovery, Sun Summit is primed to deliver substantial value creation in the coming quarters.
Overview
Sun Summit Minerals (TSXV:SMN,OTCQB:SMREF) is a Canadian mineral exploration company focused on developing its district-scale gold and copper projects in British Columbia. The company’s flagship JD Project, located in the Toodoggone district, is undergoing an aggressive 5,000-meter drill campaign in 2025 aimed at delineating a multi-million-ounce epithermal gold-silver system.
Complementing JD is the company’s Buck project, a large, bulk-tonnage gold-silver system near Houston, BC, with an initial NI 43-101 resource estimate and significant exploration upside.
With capital in hand, a five-year exploration permit secured, and a camp established at JD, Sun Summit is executing a focused strategy to build scale, unlock resource potential and drive shareholder value. The company has taken lessons from its past and re-emerged with a sharpened vision, an overhauled team and assets that are not only high-grade but strategically located to create shareholder value.
Company Highlights
- Aggressive Discovery Strategy: Sun Summit Minerals is actively advancing the JD and Buck projects in BC, targeting epithermal gold-silver and porphyry copper-gold systems. A fully funded 5,000-meter drill program at JD underway in 2025, aiming to define a multi-million-ounce resource.
- Strategic Location: Both assets are situated in prolific and mining-friendly regions of British Columbia. The flagship JD project lies in the Toodoggone district—home to Thesis Gold and Centerra’s Kemess Mine, while Buck is near the Blackwater, Huckleberry, and Equity Silver mines in central BC.
- Re-rate Potential Opportunity: Trading at just ~$7/oz gold equivalent (EV/oz) based on Buck alone, with no value currently ascribed to JD, the company represents a deep value opportunity compared to the next-door neighbour Thesis Gold trading at ~$50/oz. Success at the drill bit from the ongoing drill program at JD could drive the potential re-rating.
- Fully Funded for 2025: A recent C$10M raise (May 2025) enables a robust exploration program, including drilling, geophysics, and soil sampling. The company is well-positioned to achieve its 2025 and 2026 exploration milestones without further dilution.
- Experienced, Capital Markets-Savvy Leadership: CEO Niel Marotta brings capital markets acumen from Fidelity and Orezone. The broader team includes senior geologists and advisors with decades of success in gold discoveries and mine development in BC.
- Positioned for Consolidation: With majors like Freeport, Centerra, and Skeena investing heavily in adjacent properties, Sun Summit is strategically located and advancing at the right time in the Lassonde Curve to benefit from industry-wide M&A and consolidation trends.
Key Projects
JD & Theory Projects
The JD & Theory projects span more than 25,000 hectares in the heart of the Toodoggone mining district in north-central BC, one of Canada’s most prospective belts for epithermal gold-silver and porphyry copper-gold systems. The district is home to Thesis Gold’s Ranch and Lawyers deposits (4.7 Moz gold equivalent, C$250 million market cap), Centerra’s Kemess underground development, and TDG Gold’s Shasta-Baker project. Infrastructure around the project includes hydroelectric grid access, the nearby Sturdee airstrip and all-season roads.
The JD project hosts a 4.5 km mineralized corridor, known as Creek-Finn, with multiple underexplored targets showing evidence of both high-grade veins and broad disseminated gold systems. Historic and recent drill highlights include:
- 2.1 grams per ton (g/t) gold over 122.5 m including 121 g/t gold over 1.5 m (CZ-24-004)
- 11.7 g/t gold over 22 m including 61.2 g/t gold over 4 m (CZ97-008)
- 7.3 g/t gold over 35.7 m including 215.4 g/t gold over 1 m (JD95-0472)
The Creek Zone features high-grade epithermal veins within broader disseminated zones, supported by strong IP anomalies and gold-in-soil results up to 12.2 g/t gold. The Finn Zone hosts near-surface mineralization with extensive historical drilling (~270 holes) and is open in all directions. Other targets include McClair (porphyry copper), East McClair (copper-gold skarn) and Moosehorn.
The 2025 program includes 5,000 meters of core drilling across 25 holes, 20 km of IP geophysics, 2,000+ soil samples, and full-scale camp operations. A five-year permit secured in April 2025 provides exploration continuity through 2030.
Camp setup at JD project
Sun Summit can earn 100 percent of the JD project by making staged cash/share payments and completing work commitments through 2029. With ~C$6 million earmarked for the project this year alone, Sun Summit is expected to fulfill its 2025 and 2026 earn-in obligations without additional equity raises.
Buck Project
The 100 percent owned Buck project spans 52,000 hectares and is located near key deposits, including Artemis Gold’s Blackwater (8 Moz gold), Imperial’s Huckleberry copper mine, and Newmont’s historic Equity Silver mine. Buck features near-surface bulk-tonnage gold-silver mineralization with porphyry copper-molybdenum potential at depth.
In February 2025, Sun Summit published its inaugural NI 43-101 mineral resource:
- Indicated: 1.15 Mt @ 0.519 g/t gold equivalent (19,100 oz)
- Inferred: 52.2 Mt @ 0.489 g/t gold equivalent (820,400 oz)
Mineralization remains open in all directions. Buck is considered a strategic asset providing leverage to rising gold prices and future transaction potential, but currently receives minimal capital allocation as JD is prioritized.
Management Team
Niel Marotta – Chief Executive Officer and Director
Niel Marotta has more than two decades of capital markets experience, including a successful tenure at Fidelity (FMRCo.), where he managed the top-performing Select Gold Fund and oversaw >$1 billion in AUM. He was previously VP at Orezone Resources, where he helped lead its C$350 million acquisition by IAMGOLD. Marotta has raised over $1 billion in financing and is driving Sun Summit’s transition from a legacy explorer to a discovery-focused value generator.
Brian Lock – Executive Chairman
A veteran of the mining industry with 40+ years of executive experience, Brian Lock has led multiple public companies, including Castle Peak Mining and Scorpio Gold. His expertise spans project development, M&A and corporate governance.
Waseem Javed – Chief Financial Officer
A seasoned mining CFO, Waseem Javed ensures disciplined capital deployment and financial controls. His experience spans junior explorers and mid-tier producers across Canada and the US.
Ken MacDonald – VP Exploration
Ken MacDonald is a registered professional geologist with over 30 years in mineral exploration and permitting in BC. Formerly with the BC Mines Branch and multiple juniors, he leads Sun Summit’s technical programs and NI 43-101 compliance.
Christopher Leslie – Technical Advisor
An expert in porphyry and epithermal systems, Christopher Leslie led the discovery of the 8 Moz Blackwater deposit while at Richfield Ventures, and later served as VP exploration for Tower Resources. He was instrumental in advancing the JD-Theory project during its prior ownership.
Robert D. Willis – Senior Advisor
Founder of several successful exploration companies, including Pioneer Metals and Manhattan Minerals, Robert Willis has 35+ years of technical and executive experience across North and South America.
Terry Salman – Strategic Advisor
Founder of Salman Partners and one of Canada’s most influential mining financiers, Terry Salman has backed dozens of successful juniors over a 40-year career in mining investment banking.
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