
(TheNewswire)
Juggernaut Exploration (TSXV: UGR,OTCQB:JUGRF,FSE:4JE) is a precious metals exploration company focused on British Columbia’s Golden Triangle — a world-renowned region for high-grade gold, VMS, and porphyry systems.
The company operates in a stable, well-developed area, near Newmont’s Galore Creek project and close to key roads and air access.The company holds 100 percent ownership of three key projects — Big One, Midas, and Bingo — spanning nearly 60,000 hectares in the heart of British Columbia’s most mineral-rich belt.
Juggernaut Exploration is on aggressive exploration at the flagship Big One project, where the rapid retreat of glacial cover recently revealed over 200 mineralized veins in just a few days. Early results, combined with compelling geophysical and geochemical indicators, suggest the presence of a large, buried porphyry system with significant discovery potential.
The Big One project is Juggernaut’s flagship asset and the centerpiece of its 2025 exploration campaign. Situated in the heart of British Columbia’s renowned Golden Triangle, the project covers 36,989 hectares of highly prospective ground, with 95 percent of the property still unexplored, offering substantial discovery upside.
Juggernaut Exploration is an early-stage explorer and project generator with a compelling investment story, focused on unlocking high-grade precious and base metal discoveries in the prolific Golden Triangle of northwestern British Columbia.
Juggernaut Exploration(TSXV:JUGR,OTCQB:JUGRF,FSE:4JE) is a precious metals explorer focused on northwestern British Columbia’s Golden Triangle, a globally recognized district for world-class porphyry, VMS and high-grade gold systems. The company operates in a geopolitically stable jurisdiction with excellent infrastructure, adjacent to Newmont’s Galore Creek project and in proximity to major road and airstrip developments.
The company controls three 100 percent owned projects – Big One, Midas and Bingo – totaling nearly 60,000 hectares in the heart of British Columbia’s most prolific mineral belt.
The company’s current strategy focuses on aggressive exploration at its flagship Big One project, where the rapid abatement of glacial cover led to the discovery of over 200 mineralized veins in a matter of days. The scale of the system, coupled with strong geophysical and geochemical signatures, points to a significant buried porphyry system.
Backed by world-renowned geologist Dr. Quinton Hennigh, Juggernaut is founded by the team behind Goliath Resources, which returned 2,400 percent to early investors in just 20 months.
The Big One project is Juggernaut’s flagship asset and the focus of its 2025 exploration campaign. Located in the heart of British Columbia’s Golden Triangle, the property spans 36,989 hectares of world-class geological terrain, 95 percent of which remains unexplored.
The project benefits from rapid glacial and snowpack abatement, which has recently exposed a vast mineralized system previously hidden under ice. This includes the newly identified Eldorado porphyry system, a high-grade, multi-kilometer corridor with grades reaching up to 79.01 grams per ton (g/t) gold and 3,157 g/t silver. More than 200 quartz-sulphide veins, containing semi-massive to massive chalcopyrite, sphalerite and galena, have been identified within a 4 km x 1 km alteration footprint, with coincident geophysical anomalies suggesting the presence of a large, buried mineralizing system at depth.
Drill-ready targets include the Whopper Vein (16.04 g/t gold equivalent over 8 meters, >200 m strike length) and the Big Mac Vein (41.46 g/t gold equivalent over 4 m), both of which are planned for drill testing in 2025.
The Big One project qualifies for the Critical Mineral Exploration Tax Credit and is strategically located adjacent to key infrastructure, including the Scud airstrip and a new $45 million government-funded road within 12 km of the site.
The Midas property covers 20,803 hectares in a geologically favorable setting for volcanogenic massive sulphide (VHMS) deposits, particularly those resembling the high-grade Eskay Creek system. Drilling at the Kokomo zone has intercepted significant VHMS-style mineralization, including standout results such as 8.27 g/t gold equivalent over 11.03 meters (MD-24-47) and 6.85 g/t gold over 9 meters (MD-18-08). The mineralized zone remains open to the north, and the company plans to step out aggressively with additional drilling.
Midas is considered a strong near-term value generator with potential for scale through further discovery.
The Bingo property, although smaller in footprint at 1,008 hectares, is located in a structurally favorable setting for shear-hosted gold systems. The project features a 700-meter x 400-meter mineralized zone characterized by consistent sulphide mineralization. Sampling has confirmed an average mineralized width of 7 meters with grades averaging 5.67 g/t gold equivalent. The presence of strong K-spar alteration in the northeast quadrant of the property suggests proximity to a porphyry feeder system, making Bingo a compelling target for both high-grade, shear-hosted and porphyry-style exploration.
Dan Stuart has over 30 years of experience in capital markets, having raised more than $500 million for natural resource companies. He is a founding member and financier of several private mineral syndicates, including the J2 Syndicate behind Goliath Resources. Stuart is known for his investor acumen and has established strong institutional relationships in North America, Europe, Asia and the Middle East. Under his leadership, Juggernaut secured cornerstone funding from Crescat Capital and Dr. Quinton Hennigh while simultaneously building a platform for rapid discovery-driven growth.
Jim McCrea brings 25 years of exploration and resource estimation experience. Notably, he worked on orebody modeling and resource estimation at Cumberland Resources, which was acquired by Agnico Eagle for $710 million. His deep expertise in geology and modeling helps guide exploration targeting and resource development.
A former chartered accountant with over 35 years of experience in finance, William Jung has managed several publicly listed companies on the TSX. His oversight ensures financial discipline, compliance and strategic capital allocation.
Peter Bryant is a seasoned international investment banker with 45 years of experience, including senior roles at Standard Chartered Group, Hill Samuel Group and Guinness Mahon Holdings in London. His presence brings strong governance and capital markets insights to the board.
Chris Verrico has over two decades of experience managing mineral exploration and infrastructure projects in remote northern regions, including British Columbia, Yukon and Nunavut. His knowledge of field operations and community engagement is critical to project execution.
Bill Chornobay has over 30 years of experience in mineral exploration and has been directly involved in discoveries resulting in more than $1 billion in value. He played a pivotal role in the Surebet discovery for Goliath Resources and now leads on-ground execution at Juggernaut.
A globally respected exploration geologist, Dr. Quinton Hennigh has over 30 years of experience with major mining companies, including Homestake, Newcrest and Newmont. He is currently the chairman of Novo Resources and serves as a technical advisor to Crescat Capital. His guidance has helped validate and shape the exploration strategy at Juggernaut.
Dr. Manuele Lazzarotto has eight years of experience advancing early-stage exploration projects into defined resources, particularly in VMS and gold systems. He played a critical technical role in the Surebet discovery and brings valuable geological and structural insight to Juggernaut’s targeting approach.
Advancing high-grade precious metals assets in northern BC’s Golden Triangle
Vancouver, British Columbia TheNewswire - September 8, 2025 Juggernaut Exploration Ltd (JUGR.V) (OTCQB: JUGRF) (FSE: 4JE) ( the "Company" or "Juggernaut") is excited to announce that it has identified 4 distinct extensive drill-ready gold-rich zones that remain wide open located along the prolific 15 km Highway of Gold Corridor within the Eldorado System, including: the Gold Dome Zone where grab samples assayed up to 256.60 gt Au or 8.25 ozt Au; the Gold Swarm Zone where grab samples assayed up to 226.94 gt Au or 7.30 ozt Au; the Big Mac Zone where grab samples assayed up to 111.35 gt Au or 3.58 ozt Au; and the Whopper Zone where grab samples assayed up to 39.84 gt Au or 1.28 ozt Au on the Big One property (the "Property"), Golden Triangle, British Columbia . The Company expanded the high-grade gold mineralized Eldorado System that hosts the Highway of Gold with >500 widespread mineralized veins covering an area of ~9 km 2 . The Big One discovery is located in an area of recent glacial and snowpack abatement adjacent to the world-class gold-rich porphyry systems at Galore Creek. The 100% controlled Big One property covers 36,989 hectares in world-class geologic terrane with tremendous additional discovery potential.
Link to overview map with target names and all samples > 1 g/t Au
Link to overview figures Gold Dome+Big Mac, Whopper, Goldswarm
Dan Stuart, President and CEO of Juggernaut Exploration states: "The initial results from this year's exploration season on the Big One property with grab assays up to 256.60 g/t Au or 8.25 oz/t Au from the newly discovered Gold Dome Zone clearly demonstrate the high-grade nature of this emerging district-scale gold system. With over 500 widespread veins and shears discovered in a very short period of time over 15 km with a vertical relief exceeding 1 km that remains open, shows that the Eldorado System is district scale with tremendous untapped growth potential. The Eldorado gold system and Highway of Gold Corridor are showing the right ingredients to quickly become the next big discovery in the Golden Triangle. We look forward to unlocking the full potential of this discovery with the drill bit with much anticipation. The entire team believes we are only seeing the tip of the iceberg and the best is yet to come."
Manuele Lazzarotto, PhD, Chief Geologist of Juggernaut Exploration states: "I am happy to report on behalf of the entire team that the successful 2025 systematic exploration program was just wrapped up on August 29th and all goals have been accomplished on time and on budget. The excellent results with many grab samples with multi-ounce gold assays from 4 extremely gold-rich extensive drill-ready zones within the 15 km Highway of Gold Corridor, namely the Gold Swarm Zone, Big Mac Zone, Gold Dome Zone and Whopper Zone, which some say appears to be a lot like the high-grade seen at Brucejack, or epithermal/porphyry related or related to a magmatic intrusive. It's early days but these are all possible geological model outcomes. All of this is a clear testament that we appear to have discovered a new gold-rich, polymetallic-rich district-scale system at Big One. Over 500 mineralized veins many with remarkable gold content have been confirmed on surface and we look forward to testing the subsurface with the planned inaugural drill program. The team is eager to start planning the upcoming fully funded drill campaign designed to test these 4 extensive zones once all the data collected this season has been received, compiled and interpreted."
The Eldorado system consists of a vast area of ~9 km 2 of recently exposed bedrock that hosts the 15 km Highway of Gold Corridor containing >500 widespread polymetallic quartz-sulphide veins and shears as well as extensive propylitic alteration within a vertical relief of 1 km. The polymetallic veins contain semi-massive to massive chalcopyrite, sphalerite and galena with grades up to 256.60 g/t Au or 8.25 oz/t Au that remain wide open, visually and geochemically reminiscent of the high-grade veins observed at Brucejack. Grab samples collected during the 2024 season assayed up to 2084 g/t Ag and 7.9% Cu. 2025 assay results reported in this news release only comprise gold values. Results for silver, copper, lead and zinc will be reported once analyses are completed and the data has been reviewed and compiled. Four gold-rich polymetallic mineralized zones have been identified and are planned to be tested during the inaugural drill program.
Initial highlights from the 2025 exploration season:
The Big Mac Zone measures ~1 km by ~1 km and consists of multiple large veins with shear zones that are up to 10 meters wide and exposed on surface for 400 meters with vertical reliefs of up to 360 m where they are covered by snow and ice and remain wide open. A channel cut from the Big Mac Zone that assayed 6.63 g/t Au over 3.58 meters, including 17.45 g/t Au over 1.35 m and 47.18 g/t Au or 1.52 oz/t Au over 0.47 m, true width, was collected 5 meters to the east of a grab sample that assayed up to 111.35 g/t Au. A second channel cut assayed 3.60 g/t Au over 1.45 meters, including 10.17 g/t Au over 0.50 meters located 270 m on strike to the west of the 111.35 g/t Au sample. A grab sample, located 450 m to the west, assayed 55.5 g/t Au or 1.78 oz/t Au from a difficult-to-access secondary vein located in the nearby cliffs. 14 out of 26 samples (54%) from the Big Mac Zone assayed 1 g/t Au. The Big Mac Zone is drill-ready.
Link to video , Link to image gallery
Table 1: Big Mac Zone samples >1 g/t Au
Zone | Year | Sample ID | Type | Au (g/t) |
Big Mac | 2025 | M220659 | Grab | 111.35 |
Big Mac | 2025 | M220561 | Grab | 55.50 |
Big Mac | 2025 | M217807 | Channel | 47.18 |
Big Mac | 2024 | D751216 | Grab | 37.98 |
Big Mac | 2025 | D750624 | Grab | 21.62 |
Big Mac | 2025 | D750625 | Grab | 18.32 |
Big Mac | 2025 | M217784 | Channel | 10.83 |
Big Mac | 2024 | D750608 | Grab | 10.62 |
Big Mac | 2025 | M217785 | Channel | 10.17 |
Big Mac | 2024 | D751284 | Float | 6.34 |
Big Mac | 2025 | D751435 | Grab | 5.19 |
Big Mac | 2025 | M217788 | Channel | 5.15 |
Big Mac | 2025 | M217805 | Channel | 4.18 |
Big Mac | 2024 | D751285 | Grab | 3.74 |
The Whopper Zone is a ~2 km by ~2 km area that consists of multiple veins up to 5 meters wide and extensive shear zones up to 50 meters wide that are exposed on surface for 500 meters with vertical reliefs of up to 780 meters. Channel cuts from the Whopper Zone assayed up to 39.84 g/t Au or 1.28 oz/t Au over 0.50 m within a larger interval that assayed 6.71 g/t Au over 3.06 meters. Multiple grab collected upslope of the channel cut along a 5 meter wide vein hosted in an 8 meter wide shear zone along 50 meters of exposed vein assayed up to 13.12 g/t Au. The shear zones are difficult to sample due to the exposed cliffs and comprise numerous lenses of semi-massive to massive galena, chalcopyrite, sphalerite and pyrite contained in quartz veins and stockwork and remain open on either side, where they are covered by snow and ice. 32 samples out of 158 (20%) assayed 1 g/t Au. Multiple targets in the Whopper zone are drill-ready
Link to video , Link to image gallery
Table 1: Whopper Zone samples >1 g/t Au
Zone | Year | Sample ID | Type | Au (g/t) |
Whopper | 2024 | D751282 | Grab | 79.01 |
Whopper | 2025 | M217601 | Channel | 39.84 |
Whopper | 2024 | D751163 | Float | 23.97 |
Whopper | 2025 | M217567 | Channel | 17.00 |
Whopper | 2024 | D750394 | Grab | 13.12 |
Whopper | 2024 | D751191 | Channel | 12.12 |
Whopper | 2024 | D751975 | Grab | 10.62 |
Whopper | 2025 | D751365 | Grab | 9.35 |
Whopper | 2024 | D750389 | Grab | 8.10 |
Whopper | 2025 | M217571 | Channel | 6.06 |
Whopper | 2024 | D750395 | Grab | 6.01 |
Whopper | 2024 | D750198 | Float | 6.01 |
Whopper | 2024 | D751154 | Grab | 5.72 |
Whopper | 2024 | D751969 | Float | 5.59 |
Whopper | 2024 | D751939 | Channel | 5.06 |
Whopper | 2024 | D751112 | Float | 4.94 |
Whopper | 2025 | M217566 | Channel | 4.40 |
Whopper | 2025 | M217573 | Channel | 4.27 |
Whopper | 2024 | D751943 | Grab | 4.00 |
Whopper | 2024 | D751192 | Channel | 3.39 |
Whopper | 2024 | D751215 | Grab | 2.96 |
Whopper | 2024 | D751699 | Grab | 2.15 |
Whopper | 2024 | D751165 | Grab | 1.95 |
Whopper | 2025 | D751426 | Grab | 1.91 |
Whopper | 2024 | D751213 | Float | 1.65 |
Whopper | 2024 | D751109 | Grab | 1.65 |
Whopper | 2025 | M220559 | Grab | 1.55 |
Whopper | 2024 | D751968 | Grab | 1.49 |
Whopper | 2024 | D751972 | Channel | 1.42 |
Whopper | 2024 | D751993 | Grab | 1.20 |
Whopper | 2025 | D750751 | Grab | 1.16 |
Whopper | 2024 | D750393 | Grab | 1.01 |
The Gold Swarm Zone contains clusters of shear zones and veins up to 4.5 meters wide with grab samples that assayed up to 226.94 g/t Au or 7.30 oz/t Au and a channel cut that assayed 4.02 g/t Au over 4.36 m containing substantial amounts of semi-massive to massive chalcopyrite, galena and sphalerite. The zone has been recently exposed by glacial retreat and covers an area of ~1 km by ~1 km and extends over a vertical relief of 440 m and remains open in all directions. 27 samples out of 44 (61%) assayed 1 g/t Au. The Gold Swarm Zone is drill-ready.
Table 1: Gold Swarm Zone samples >1 g/t Au
Zone | Year | Sample ID | Type | Au (g/t) |
Gold Swarm | 2025 | M217656 | Float | 226.94 |
Gold Swarm | 2025 | D750642 | Grab | 43.99 |
Gold Swarm | 2025 | D751373 | Grab | 21.44 |
Gold Swarm | 2025 | M224982 | Chip | 21.17 |
Gold Swarm | 2025 | M217705 | Channel | 20.78 |
Gold Swarm | 2025 | M217655 | Grab | 19.64 |
Gold Swarm | 2025 | D750644 | Grab | 18.47 |
Gold Swarm | 2025 | D750639 | Grab | 18.12 |
Gold Swarm | 2025 | M217657 | Grab | 18.11 |
Gold Swarm | 2025 | D750641 | Grab | 15.52 |
Gold Swarm | 2025 | M217852 | Channel | 15.39 |
Gold Swarm | 2025 | M217649 | Channel | 14.96 |
Gold Swarm | 2025 | D750638 | Grab | 14.46 |
Gold Swarm | 2025 | M224983 | Grab | 14.06 |
Gold Swarm | 2025 | M224883 | Grab | 11.07 |
Gold Swarm | 2025 | D751372 | Grab | 7.44 |
Gold Swarm | 2025 | D750643 | Grab | 7.36 |
Gold Swarm | 2025 | M217589 | Channel | 5.81 |
Gold Swarm | 2025 | M224981 | Grab | 5.31 |
Gold Swarm | 2025 | M217648 | Channel | 4.69 |
Gold Swarm | 2025 | M217702 | Channel | 4.30 |
Gold Swarm | 2025 | D751417 | Grab | 3.38 |
Gold Swarm | 2025 | D750704 | Grab | 2.59 |
Gold Swarm | 2025 | M217853 | Channel | 1.75 |
Gold Swarm | 2025 | M217592 | Channel | 1.69 |
Gold Swarm | 2025 | D751371 | Grab | 1.56 |
Gold Swarm | 2025 | M217591 | Channel | 1.17 |
Gold Swarm | 2025 | M217704 | Channel | 1.07 |
The Gold Dome Zone is a ~3 km by ~1.5 km zone that consists of clusters of multiple extensive gold-rich shear zones, veins, and stockwork that are up to 4 meters wide and exposed on surface for 1 km with a vertical relief of ~600 m and remain open. Grab samples assayed up to 256.60 g/t Au or 8.25 oz/t Au and a channel cut assayed 5.45 g/t Au over 2.77 meters from a vein exposed on surface in the adjacent difficult to reach cliff face for ~200 meters. The mineralized veins contain seams of semi-massive galena, sphalerite, chalcopyrite and pyrite. 46 samples out of 191 (24%) assayed 1 g/t Au. Multiple targets in the Gold Dome Zone are drill ready.
Link to video , Link to image gallery
Table 1: Gold Dome Zone samples >1 g/t Au
Zone | Year | Sample ID | Type | Au (g/t) |
Gold Dome | 2025 | M224886 | Float | 256.60 |
Gold Dome | 2025 | D751423 | Grab | 138.70 |
Gold Dome | 2025 | M224956 | Grab | 95.04 |
Gold Dome | 2025 | D751407 | Grab | 68.57 |
Gold Dome | 2025 | D751424 | Grab | 60.08 |
Gold Dome | 2024 | D751966 | Grab | 56.54 |
Gold Dome | 2025 | M217579 | Channel | 34.96 |
Gold Dome | 2024 | D751156 | Grab | 33.72 |
Gold Dome | 2025 | M217613 | Channel | 31.68 |
Gold Dome | 2025 | M224961 | Grab | 31.25 |
Gold Dome | 2025 | D751402 | Grab | 29.23 |
Gold Dome | 2025 | D751375 | Grab | 28.47 |
Gold Dome | 2024 | D751964 | Talus | 23.47 |
Gold Dome | 2024 | D751209 | Grab | 19.82 |
Gold Dome | 2025 | D751357 | Grab | 18.06 |
Gold Dome | 2025 | D751374 | Talus | 16.60 |
Gold Dome | 2025 | M224959 | Grab | 15.94 |
Gold Dome | 2025 | M220602 | Grab | 11.92 |
Gold Dome | 2025 | M224957 | Grab | 9.65 |
Gold Dome | 2025 | M224905 | Talus | 9.48 |
Gold Dome | 2025 | M220601 | Grab | 6.77 |
Gold Dome | 2025 | D751403 | Float | 6.13 |
Gold Dome | 2024 | D751158 | Grab | 4.60 |
Gold Dome | 2025 | D750632 | Float | 4.44 |
Gold Dome | 2025 | M217608 | Channel | 4.35 |
Gold Dome | 2025 | M217643 | Channel | 4.35 |
Gold Dome | 2025 | D751406 | Grab | 4.07 |
Gold Dome | 2025 | D750621 | Grab | 3.76 |
Gold Dome | 2025 | M217637 | Channel | 3.63 |
Gold Dome | 2024 | D750192 | Grab | 3.44 |
Gold Dome | 2025 | M217727 | Channel | 2.73 |
Gold Dome | 2025 | M224963 | Grab | 2.63 |
Gold Dome | 2025 | D751404 | Grab | 2.61 |
Gold Dome | 2025 | M224851 | Chip | 2.61 |
Gold Dome | 2025 | M224855 | Grab | 2.23 |
Gold Dome | 2025 | M224902 | Subcrop | 2.02 |
Gold Dome | 2025 | M217618 | Channel | 1.94 |
Gold Dome | 2024 | D751195 | Channel | 1.61 |
Gold Dome | 2025 | M217724 | Channel | 1.50 |
Gold Dome | 2025 | M224901 | Grab | 1.46 |
Gold Dome | 2025 | M217636 | Channel | 1.33 |
Gold Dome | 2024 | D751251 | Grab | 1.27 |
Gold Dome | 2025 | D750629 | Grab | 1.23 |
Gold Dome | 2025 | M224852 | Grab | 1.08 |
Gold Dome | 2025 | D750852 | Subcrop | 1.07 |
Gold Dome | 2025 | M224904 | Grab | 1.04 |
A total of 421 rock samples were collected during the 2025 exploration season along the 15 km Highway of Gold: 272 grab/float samples and 149 channel samples. Preliminary assay results for samples reported in this news release only comprise gold. Assay results only comprise gold values. Results for silver, copper, lead and zinc will be reported once analyses are completed and the data has been reviewed and compiled. Based on assay results reported from the 2024 season on samples that are visually similar to the samples reported today, the previously reported 2024 samples assayed up to 2084 g/t Ag and 7.9% Cu, shows there is strong potential for considerable added value once full assays are received.
Detailed geological and structural mapping has been completed on the reported drill targets in order to better understand the full geometry of these high-grade gold-bearing shears and veins and will be instrumental in designing the drill plan for the upcoming maiden drill program.
A high-resolution UAV photogrammetry survey was completed over an area of 52 km on the Eldorado System encompassing the entire 15 km Highway of Gold with all four of the confirmed drill targets. The data will be used to support modelling and better understand the high-grade gold mineralization recently discovered.
A property wide LiDAR survey covering an area of 385 km has been conducted and will be used to augment information obtained from the mapping as well as plan the upcoming inaugural drill campaign.
The polymetallic veins, alteration signature, geochemical path finder element signature, and geophysical anomalies strongly indicate the presence of a common buried gold-silver-copper rich porphyry feeder source or similar magmatic source at depth responsible for the extensive high-grade veining confirmed on surface.
Four extensive drill-ready Zones have been confirmed on the 15 km Highway of Gold Corridor and are planned to be tested in the inaugural drill program and include: the Gold Dome Zone where grab samples assayed up to 256.60 g/t Au or 8.25 oz/t Au; the Gold Swarm Zone where grab samples assayed up to 226.94 g/t Au or 7.30 oz/t Au; the Big Mac Zone where grab samples assayed up to 111.35 g/t Au or 3.58 oz/t Au; and the Whopper Zone where grab samples assayed up to 39.84 g/t Au or 1.28 oz/t Au.
The Big One property is situated in a region that is well known for hosting world class precious metal and porphyry deposits, several of which occur near the property including the multiple porphyry systems at Galore Creek (12,159 million pounds of copper, 9.438 million ounces of gold, 174.086 million ounces of silver), the world's largest known gold reserve at KSM (47.3 million ounces of gold, 160 million ounces of silver, 7.32 billion pounds of copper) and the polymetallic copper project at Shaft Creek (5 billion pounds of copper, 3.7 million ounces of gold, 16.4 million ounces of silver), as well as the Brucejack high-grade epithermal gold deposit (14 million ounces of gold, 91.8 million ounces of silver), and the structurally controlled high-grade hydrothermal gold-silver zones at Trophy and Sphal Creek. The property geology is favorable to host these types of deposits as confirmed by the presence of extensive areas of propylitic alteration, untested geophysical anomalies, strong silt, soil and rock geochemistry including path finder elements directly related to porphyry systems, key structures and textures, porphyry-style mineralization, and high-grade polymetallic veins, that have been discovered within the Big One claims.
The Big One property can be accessed year-round via helicopter from the Glenora/Telegraph Creek Road at the Barrington Mine (33 km to the north-northeast) as well as the Galore Creek Road (15 km to the southeast). The Canadian government committed $20 M to extend/improve the Galore Creek Road to within 15 km of the Big One property. The property is 2 km west of the Scud River airstrip used in the early days of Galore Creek.
A Notice of Work application (drill permit application) has been submitted to the British Columbia Ministry of Mining and Critical Minerals in preparation for the inaugural drill program. The Big One property exploration qualifies for the Critical Mineral Exploration Tax Credit (CMETC).
The Company would like to extend a special thanks to the Tahltan First Nation, the local community and service providers for supporting our efforts and contributing to the success of this year's program. We look forward to continuing to work with the Tahltan First Nation and all local stakeholders, and businesses, while we move forward to unlocking the full potential of this amazing new discovery. WORKING TOGETHER WE SUCCEED!
About Juggernaut Exploration Ltd.
Juggernaut Exploration Ltd. is an explorer and generator of precious metals projects in the prolific Golden Triangle of northwestern British Columbia. Its projects are in world-class geological settings and geopolitical safe jurisdictions amenable to Tier 1 mining in Canada. Juggernaut is a member and active supporter of CASERM, an organization representing a collaborative venture between the Colorado School of Mines and Virginia Tech. Juggernaut's key strategic cornerstone shareholder is Crescat Capital.
For more information, please contact:
Dan Stuart
President, Director and Chief Executive Officer
Tel: (604)-559-8028
Qualified Person
Rein Turna, P. Geo is the qualified person as defined by National Instrument 43-101, for Juggernaut Exploration projects, and supervised the preparation of, and has reviewed and approved, the technical information in this release.
Other
The reader is cautioned that grab samples are spot samples which are typically, but not exclusively, constrained to mineralization. Grab samples are selective in nature and collected to determine the presence or absence of mineralization and are not intended to be representative of the material sampled.
Grab, channels, chip and talus samples were collected by foot with helicopter assistance. Prospective areas included, but were not limited to, proximity to MINFile locations, placer creek occurrences, regional soil anomalies, and potential gossans based on high-resolution satellite imagery. The rock grab and chip samples were extracted using a rock hammer, or hammer and chisel to expose fresh surfaces and to liberate a sample of anywhere between 0.5 to 5.0 kilograms. All sample sites were flagged with biodegradable flagging tape and marked with the sample number. All sample sites were recorded using hand-held GPS units (accuracy 3-10 meters) and sample ID, easting, northing, elevation, type of sample (outcrop, subcrop, float, talus, chip, grab, etc.) and a description of the rock were recorded on all-weather paper. Samples are then inserted in a clean plastic bag with a sample tag for transport and shipping to the geochemistry lab. QA/QC samples including blanks, certified reference materials, and duplicate samples are inserted regularly into the sample sequence at a rate of 10%.
All samples are transported in rice bags sealed with numbered security tags. The rice bags are transported from the core shacks to the MSALABS facilities in Terrace, BC. MSALABS is certified with both AC89-IAS and ISO/IEC Standard 17025:2017. The core samples undergo preparation via drying, crushing to ~70% of the material passing a 2 mm sieve and riffle splitting. The sample splits are weighed and transferred into three plastic jars, each containing between 300 g and 500 g of crushed sample material. A 250 g split is pulverized to ensure at least 85% of the material passes through a 75 µm sieve. The crushed samples are transported to the MSALABS PhotonAssayTM facility in Prince George, where gold concentrations are quantified via photon assay analysis (method CPA-Au1). Samples that result in gold concentrations ≥5 ppm are analyzed to extinction. Photon assay uses high-energy X-rays (photons) to excite atomic nuclei within the jarred samples, inducing the emission of secondary gamma rays, which are measured to quantify gold concentrations. The assays from all jars are combined on a weight-averaged basis. Multielement analyses are carried at the MSALABS facilities in Surrey, BC, where 250 g of pulverized splits are analyzed via ICF6xx and IMS-230 methods. The IMS-230 method uses 4-acid digestion (a combination of hydrochloric, nitric, perchloric and hydrofluoric acids) followed by inductively coupled plasma emission spectrometry to quantify concentrations of 48 elements. Samples with over-limit results for Ag, Cu, Pb and Zn undergo ore-grade analysis via the ICF-6xx method (where ‘xx' denotes the target metal). This method employs 4-acid digestion followed by inductively coupled plasma emission spectrometry.
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
FORWARD LOOKING STATEMENT
Certain disclosure in this release may constitute forward-looking statements that are subject to numerous risks and uncertainties relating to Juggernaut's operations that may cause future results to differ materially from those expressed or implied by those forward-looking statements, including its ability to complete the contemplated private placement. Readers are cautioned not to place undue reliance on these statements.
NOT FOR DISSEMINATION IN THE UNITED STATES OR TO U.S. PERSONS OR FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES. THIS PRESS RELEASE DOES NOT CONSTITUTE AN OFFER TO SELL OR AN INVITATION TO PURCHASE ANY SECURITIES DESCRIBED IN IT.
Copyright (c) 2025 TheNewswire - All rights reserved.
News Provided by TheNewsWire via QuoteMedia
(TheNewswire)
Vancouver, British Columbia July 23, 2025 TheNewswire - Juggernaut Exploration Ltd (JUGR.V) (OTCQB: JUGRF) (FSE: 4JE) ( the "Company" or "Juggernaut") is pleased to announce that it has mobilized for the 2025 surface exploration program aimed at identifying additional high-grade drill targets on the Big One property (the " Property "), Golden Triangle, British Columbia. This new discovery yielded assays up to 79.01 gt Au (2.54 ozt Au) and 3157.89 gt Ag (101.5 ozt Ag) from >200 gold-silver-copper rich polymetallic veins up to 8 m wide and striking for up to 500 m that remain open. These veins were identified along the newly discovered 11 km Highway of Gold surrounding the Eldorado gold system on the Big One property. The discovery is located in an area of glacial and snowpack abatement adjacent to the extensive gold-rich porphyry systems at Galore Creek. The 100 % controlled property covers 36,989 hectares in a Tier 1 geologic terrane with tremendous additional discovery potential.
The focus of the 2025 exploration program is to sample and trace in detail the full geometry of the multiple drill-ready high-grade gold veins as well as identify additional drill targets for the planned maiden drill program. The 2025 exploration program will consist of:
Dan Stuart, President and CEO of Juggernaut Exploration states " The Big One is arguably one of the most significant new grassroots gold-silver discoveries in the Golden Triangle in recent years. This year's program is designed with a clear objective: to systematically advance and expand upon our five inaugural, drill-ready targets and to generate additional new targets for our fully funded 2026 maiden drill program. The sheer scale of the system, with over 200 mineralized veins exposed at surface by glacial abatement, all point towards a powerful, district-scale mineralizing engine at depth. A Notice of Work application (drill permit application) has been submitted to the British Columbia Ministry of Mining and Critical Minerals in preparation for the 2026 inaugural drill program. We have only just started to scratch the surface on the property and likely only seen the tip of the iceberg."
ELDORADO PORPHRYRY SYSTEM - 11 KM HIGHWAY OF GOLD - HIGHLIGHTS
The Big One property is situated in a region that is well known for hosting world class precious metal and porphyry deposits, several of which occur near the property including the multiple Tier 1 porphyry systems at Galore Creek (12,159 million pounds of copper, 9.438 million ounces of gold, 174.086 million ounces of silver), the world's largest known gold reserve at KSM (47.3 million ounces of gold, 160 million ounces of silver, 7.32 billion pounds of copper) and the polymetallic copper project at Shaft Creek (5 billion pounds of copper, 3.7 million ounces of gold, 16.4 million ounces of silver), as well as the Brucejack high-grade epithermal gold deposit (14 million ounces of gold, 91.8 million ounces of silver), and the structurally controlled high-grade hydrothermal gold-silver zones at Trophy and Sphal Creek. The property geology is favorable to host these types of deposits as confirmed by the presence of extensive areas of propylitic alteration, untested geophysical anomalies, strong silt, soil and rock geochemistry including path finder elements directly related to porphyry systems, key structures and textures, porphyry-style mineralization, and high-grade polymetallic veins, that have been discovered within the Big One claims. BigOne Property Map
The Big One property can be accessed year-round via helicopter from the Glenora/Telegraph Creek Road at the Barrington Mine (33 km to the north-northeast) as well as the Galore Creek Road (15 km to the southeast). The Canadian government committed $20 M to extend/improve the Galore Creek Road to within 15 km of the Big One property. The property is 2 km west of the Scud River airstrip used in the early days of Galore Creek.
A Notice of Work application (drill permit application) has been submitted to the British Columbia Ministry of Mining and Critical Minerals in preparation for the 2026 inaugural drill program. The Big One property exploration qualifies for the Critical Mineral Exploration Tax Credit (CMETC).
About Juggernaut Exploration Ltd.
Juggernaut Exploration Ltd. is an explorer and generator of precious metals projects in the prolific Golden Triangle of northwestern British Columbia. Its projects are in world-class geological settings and geopolitical safe jurisdictions amenable to Tier 1 mining in Canada. Juggernaut is a member and active supporter of CASERM, an organization representing a collaborative venture between the Colorado School of Mines and Virginia Tech. Juggernaut's key strategic cornerstone shareholder is Crescat Capital.
Qualified Person
Rein Turna, P. Geo is the qualified person as defined by National Instrument 43-101, for Juggernaut Exploration projects, and supervised the preparation of, and has reviewed and approved, the technical information in this release.
Other
Grab, channels, chip and talus samples were collected by foot with helicopter assistance. Prospective areas included, but were not limited to, proximity to MINFile locations, placer creek occurrences, regional soil anomalies, and potential gossans based on high-resolution satellite imagery. The rock grab and chip samples were extracted using a rock hammer, or hammer and chisel to expose fresh surfaces and to liberate a sample of anywhere between 0.5 to 5.0 kilograms. All sample sites were flagged with biodegradable flagging tape and marked with the sample number. All sample sites were recorded using hand-held GPS units (accuracy 3-10 meters) and sample ID, easting, northing, elevation, type of sample (outcrop, subcrop, float, talus, chip, grab, etc.) and a description of the rock were recorded on all-weather paper. Samples were then inserted in a clean plastic bag with a sample tag for transport and shipping to the geochemistry lab. QA/QC samples including blanks, standards, and duplicate samples were inserted regularly into the sample sequence at a rate of 10%.
All samples are transported in rice bags sealed with numbered security tags. A transport company takes them from the core shack to the Paragon Geochemical labs facilities in Surrey, BC or ALS labs facilities in North Vancouver, BC. Paragon Geochemical is certified with both AC89-IAS and ISO/IEC Standard 17025:2017. ALS is either certified to ISO 9001:2008 or accredited to ISO 17025:2005 in all of its locations. Samples submitted to Paragon received gold and silver analysis by photon assay whereby the entire sample is crushed to approximately 70% passing 2 mm mesh. The entire crushed sample is riffle split and weighed into multiple (300-500g) jars that are submitted for photon assay. Photon assay uses high-energy X-rays (photons) to excite atomic nuclei within the jarred samples, causing them to emit secondary gamma rays, which are measured to identify and quantify the metals present. The assays from all jars are combined on a weight-averaged basis. At ALS samples were processed, dried, crushed, and pulverized before analysis using the ME-MS61 and Au-SCR21 methods. For the ME-MS61 method, a prepared sample is digested with perchloric, nitric, hydrofluoric, and hydrochloric acids. The residue is topped up with dilute hydrochloric acid and analyzed by inductively coupled plasma atomic emission spectrometry. Overlimits were re-analyzed using the ME-OG62 and Ag-GRA21 methods (gravimetric finish). For Au-SCR21 a large volume of sample is needed (typically 1-3kg). The sample is crushed and screened (usually to -106 micron) to separate coarse gold particles from fine material. After screening, two aliquots of the fine fraction are analysed using the traditional fire assay method. The fine fraction is expected to be reasonably homogenous and well represented by the duplicate analyses. The entire coarse fraction is assayed to determine the contribution of the coarse gold.
For more information, please contact:
Dan Stuart
President, Director and Chief Executive Officer
Tel: (604)-559-8028
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
FORWARD LOOKING STATEMENT
Certain disclosure in this release may constitute forward-looking statements that are subject to numerous risks and uncertainties relating to Juggernaut's operations that may cause future results to differ materially from those expressed or implied by those forward-looking statements, including its ability to complete the contemplated private placement. Readers are cautioned not to place undue reliance on these statements.
NOT FOR DISSEMINATION IN THE UNITED STATES OR TO U.S. PERSONS OR FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES. THIS PRESS RELEASE DOES NOT CONSTITUTE AN OFFER TO SELL OR AN INVITATION TO PURCHASE ANY SECURITIES DESCRIBED IN IT.
Copyright (c) 2025 TheNewswire - All rights reserved.
News Provided by TheNewsWire via QuoteMedia
(TheNewswire)
Vancouver, British Columbia TheNewswire - July 17, 2025 Juggernaut Exploration Ltd. (TSX-V: JUGR) (OTCQB: JUGRF) (FSE: 4JE) (the "Company" or "Juggernaut"), further to its July 3, 2025, news release the Company is pleased to announce that it has received approval from the TSX Venture Exchange to close its private placement financing (the "Financing") for aggregate gross proceeds of $1,000,000.
The Company has issued 1,562,500 $0.64 units ("Units"), each Unit consisting of one (1) common share of the Company and one (1) common share purchase warrant, each warrant being exercisable at $0.84 for 5 years, subject to the right of the Company to accelerate the exercise period to 30 days if, after the 4-month hold has expired, shares of the Company close at or above $1.84 for 10 consecutive trading days.
The proceeds will be used to explore Juggernaut's properties located in Northwestern B.C. and for general working capital.
All securities issued pursuant to this Financing are subject to a 4-month-plus-one-day hold from date of issuance.
About Juggernaut Exploration Ltd.
Juggernaut Exploration Ltd. is an explorer and generator of precious metals projects in the prolific Golden Triangle of northwestern British Columbia. Its projects are in world-class geological settings and geopolitical safe jurisdictions amenable to Tier 1 mining in Canada. Juggernaut is a member and active supporter of CASERM, an organization representing a collaborative venture between the Colorado School of Mines and Virginia Tech. Juggernaut's key strategic cornerstone shareholder is Crescat Capital.
For more information, please contact
Dan Stuart
President, Director, and Chief Executive Officer
604-559-8028
info@juggernautexploration.com
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
FORWARD LOOKING STATEMENT
Certain disclosures in this release may constitute forward-looking statements that are subject to numerous risks and uncertainties relating to Juggernaut's operations that may cause future results to differ materially from those expressed or implied by those forward-looking statements, including its ability to complete the contemplated private placement. Readers are cautioned not to place undue reliance on these statements. NOT FOR DISSEMINATION IN THE UNITED STATES OR TO U.S. PERSONS OR FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES. THIS PRESS RELEASE DOES NOT CONSTITUTE AN OFFER TO SELL OR AN INVITATION TO PURCHASE ANY SECURITIES DESCRIBED IN IT.
Copyright (c) 2025 TheNewswire - All rights reserved.
News Provided by TheNewsWire via QuoteMedia
(TheNewswire)
Vancouver, British Columbia July 8, 2025 TheNewswire - Juggernaut Exploration Ltd. (TSX-V: JUGR) (OTCQB: JUGRF) (FSE: 4JE) (the "Company" or "Juggernaut"), further to its June 4, June 12, and June 16, 2025, news releases, the Company is pleased to announce that it has closed its private placement financing (the "Financing") for aggregate gross proceeds of $1,100,000.
The Company issued 1,718,731 $0.64 units ("Units"), each Unit consisting of one (1) common share of the Company and one (1) common share purchase warrant, each warrant being exercisable at $0.84 for 5 years, subject to the right of the Company to accelerate the exercise period to 30 days if, after the 4-month hold has expired, shares of the Company close at or above $1.84 for 10 consecutive trading days.
The proceeds will be used to explore Juggernaut's properties located in Northwestern B.C. and for general working capital.
Cash finders' fees of $65,999 were paid and 103,124 non-transferable broker warrants issued in accordance with TSXV Polices.
All securities issued pursuant to this Financing are subject to a 4-month-plus-one-day hold from date of issuance.
About Juggernaut Exploration Ltd.
Juggernaut Exploration Ltd. is an explorer and generator of precious metals projects in the prolific Golden Triangle of northwestern British Columbia. Its projects are in world-class geological settings and geopolitical safe jurisdictions amenable to Tier 1 mining in Canada. Juggernaut is a member and active supporter of CASERM, an organization representing a collaborative venture between the Colorado School of Mines and Virginia Tech. Juggernaut's key strategic cornerstone shareholder is Crescat Capital.
For more information, please contact
Dan Stuart
President, Director, and Chief Executive Officer
604-559-8028
info@juggernautexploration.com
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
FORWARD LOOKING STATEMENT
Certain disclosures in this release may constitute forward-looking statements that are subject to numerous risks and uncertainties relating to Juggernaut's operations that may cause future results to differ materially from those expressed or implied by those forward-looking statements. Readers are cautioned not to place undue reliance on these statements. NOT FOR DISSEMINATION IN THE UNITED STATES OR TO U.S. PERSONS OR FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES. THIS PRESS RELEASE DOES NOT CONSTITUTE AN OFFER TO SELL OR AN INVITATION TO PURCHASE ANY SECURITIES DESCRIBED IN IT.
Copyright (c) 2025 TheNewswire - All rights reserved.
News Provided by TheNewsWire via QuoteMedia
(TheNewswire)
Vancouver, British Columbia July 3 rd 2025 TheNewswire - Juggernaut Exploration Ltd. (TSX-V: JUGR) (OTCQB: JUGRF) (FSE: 4JE) (the "Company" or "Juggernaut"), is pleased to announce a $1,000,000 hard dollar financing from one strategic investor, further confirming the support and excitement of the newly discovered 11 km Highway of Gold surrounding the Eldorado porphyry system on the Big One property. The discovery is in an area of glacial and snowpack abatement next door to the gold-rich porphyry systems at Newmont Mining's Galore Creek. The Big One Property is a discovery previously announced Jan 20 th (Click Link) with assays up to 79.01 gt gold (2.54 ozt gold) and 3157.89 gt silver (101.5 ozt silver) from over 200 gold-silver-copper rich polymetallic veins up to 8 m wide and striking for up to 500 m that all remain open at surface. The Big One Project covers 33,693 hectares in a globally ranked tier 1 jurisdiction with tremendous additional discovery potential in the heart of the Golden Triangle, British Columbia.
View Juggernaut videos by Clicking Here .
Subject to approval from the TSXV Exchange, the Company will issue 1,562,500 hard dollar units priced at $0.64 each for gross proceeds of $1,000,000. Each hard dollar unit will consist of one common share plus one warrant at $0.84 for a sixty-month period, with a forced accelerated conversion after 10 consecutive trading days at or above $1.84, callable at management's discretion. The fully subscribed placement is scheduled to close on July 14th, 2025. The proceeds will be used for general working capital.
Mr. Dan Stuart, Director, President, and CEO of Juggernaut, states:
This investment, coupled with the ongoing support and interest from other globally recognized Institutions and senior miners, is a strong endorsement that clearly demonstrates the significant near-term discovery potential of our 100% controlled properties. Since May of this year, the Company has raised ~ $12,500,000, and post-financing, Juggernaut will have an extremely tight capital structure of just 30,985,170 shares, no debt, and a strong cash position. As such, we are well-positioned to move forward with our plans of drilling The Big One Discovery. With much anticipation, we look forward to executing the inaugural exploration program and reporting results."
All shares issued pursuant to this offering and any shares issued pursuant to the exercise of warrants will be subject to a four-month hold period from the closing date.
About Juggernaut Exploration Ltd.
Juggernaut Exploration Ltd. is an explorer and generator of precious metals projects in the prolific Golden Triangle of northwestern British Columbia. Its projects are in world-class geological settings and geopolitical safe jurisdictions amenable to Tier 1 mining in Canada. Juggernaut is a member and active supporter of CASERM, an organization representing a collaborative venture between the Colorado School of Mines and Virginia Tech. Juggernaut's key strategic cornerstone shareholder is Crescat Capital.
For more information, please contact
Dan Stuart
President, Director, and Chief Executive Officer
604-559-8028
info@juggernautexploration.com
Qualified Person
Rein Turna P. Geo is the independent qualified person as defined by National Instrument 43-101, for Juggernaut Exploration projects, and supervised the preparation of, and has reviewed and approved, the technical information in this release.
Grab samples are selected samples and may not represent true underlying mineralization.
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
FORWARD LOOKING STATEMENT
Certain disclosures in this release may constitute forward-looking statements that are subject to numerous risks and uncertainties relating to Juggernaut's operations that may cause future results to differ materially from those expressed or implied by those forward-looking statements, including its ability to complete the contemplated private placement. Readers are cautioned not to place undue reliance on these statements. NOT FOR DISSEMINATION IN THE UNITED STATES OR TO U.S. PERSONS OR FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES. THIS PRESS RELEASE DOES NOT CONSTITUTE AN OFFER TO SELL OR AN INVITATION TO PURCHASE ANY SECURITIES DESCRIBED IN IT.
Copyright (c) 2025 TheNewswire - All rights reserved.
News Provided by TheNewsWire via QuoteMedia
Initial assays returned for visible gold zone logged in diamond drill core~40m south of the Bronzewing Mining Lease, with drilling continuing
Hammer Metals Ltd (ASX: HMX) (“Hammer” or the “Company”) is pleased to provide an update on recent exploration progress at its 100%-owned Yandal Gold Project in Western Australia. Diamond drilling continues with the first batch of assays now received for the zone of visible gold reported to the ASX on 2 September 2025. Drilling of the diamond tail to drill-hole BWSRCD081 was completed a depth of 561.7m.
The diamond drilling program has continued with two diamond tails completed at the Bronzewing Central Target, located approximately 1.7km to the south of the Eastern Target Zone. A follow-up diamond tail will commence shortly at the Eastern Target, with drilling anticipated to conclude towards the end of September. Results from this program will continue to be submitted to the laboratory in batches, with results anticipated to be received throughout September and into mid-October.
Figure 1. Photo of massive quartz carbonate veining intersected in drill-hole BWSRCD082 diamond tail at Hammer’s Central Target Zone (213m to 221.5m).
Hammer’s Managing Director, Daniel Thomas, said:
“The confirmation of high-grade gold mineralisation at Bronzewing South is a significant step in our search for an economically viable gold target at our Yandal Gold Project. High-grade mineralisation can be traced with multiple intercepts to the north of our project area, with the mineralised structure interpreted to extend for hundreds of metres.
“We will now look to test this structure approximately 100m further south on our project area. We are very much looking forward to follow-up drilling at the Eastern Target, as we enter a zone without any previous drilling coverage.
“The team is encouraged by the observations in recent drilling at the Central Target and the potential for this corridor to be connected to the Eastern Target drilling some 1.7km to the north. This corridor is largely untested below the ineffectual air-core drilling and, with a prominent shear zone interpreted to connect these targets, it is of high interest to the team in our search for a significant gold discovery.”
Figure 2. Plan view of the Bronzewing South tenement EPM36/854, showing Bronzewing orebodies on Northern Star Resources mining lease, historical Hammer RC drilling intercepts and the structural corridor of interest containing Hammer’s Central and Eastern Target Zones (refer to ASX announcement 9 November 2020).
Click here for the full ASX Release
This article includes content from Hammer Metals, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.
Welcome to the Investing News Network's weekly look at the best-performing Canadian mining stocks on the TSX, TSXV and CSE, starting with a round-up of Canadian and US news impacting the resource sector.
On Thursday (September 11), Canadian Prime Minister Mark Carney revealed the first tranche of projects selected by the newly created Major Projects Office. The goal of the office is to accelerate timelines for projects deemed to be in the national interest, which include infrastructure, natural resources and technology.
The projects include the Phase 2 expansion of LNG Canada’s Kitimat facility, the development of Foran Mining's (TSX:FOM,OTCQX:FMCXF) McIlvenna Bay copper-zinc mine in Saskatchewan, and an expansion of Newmont (TSX:NGT,NYSE:NEM,ASX:NEM) and Imperial Metals' (TSX:III) Red Chris copper-gold mine in Northern BC.
Carney also stated that a second set of projects would be announced before the CFL’s Grey Cup on November 16.
In major M&A news, mining giants Teck Resources (TSX:TECK.A,TSX:TECK.B,NYSE:TECK) and Anglo American (LSE:AAL,OTCQX:AAUKF) announced on Monday (September 8) that they will combine in a US$70 billion “merger of equals.” If approved, the resulting company will be called Anglo Teck, and will be headquartered in Vancouver, BC.
Teck said the deal will create US$800 million in pre-tax recurring annual synergies by year four, with US$1.4 billion in pre-tax yearly earnings from optimizations at the adjacent Collahuasi and Quebrada Blanca copper mines in Chile.
Barrick Mining (TSX:ABX,NYSE:B) said on Wednesday (September 10) that it has reached an agreement to sell its Hemlo gold mine in Ontario to Carcetti Capital (TSXV:CART.H), which will be renamed Hemlo Mining, for gross proceeds of US$1.09 billion through a combination of cash and shares. The sale continues Barrick's divestment of non-core assets.
This week also saw the TSX release its annual TSX30 top companies list. It includes 17 resource companies, 15 of which are focused on precious metals. The top three precious metals stocks were Lundin Gold (TSX:LUG,OTCQX:LUGDF), Avino Silver & Gold (TSX:ASM) and New Gold (TSX:NGD,NYSE:NGD). In other TSX news, Newmont has applied to delist its shares from the exchange, citing low trading volumes. The company has been looking to cut overhead in recent years, and the move could lower administrative costs and improve efficiency, as per Reuters.
South of the border, the US Bureau of Labor Statistics released the latest consumer price index data on Thursday. It shows that inflation ticked up to 2.9 percent over the same period last year.
The numbers, along with last week’s weak jobs report, will be factors for the US Federal Reserve when it meets next week. As of Friday (September 12) afternoon, there was a 95 percent probability that the central will make a 25 basis point interest rate cut, bringing it to the 4 to 4.25 percent range.
For more on what’s moving markets this week, check out our top market news.
Canadian equity markets were mostly positive this week.
The S&P/TSX Composite Index (INDEXTSI:OSPTX) set another new record high on Thursday, climbing to 29,409.74 before retreating to end the week up 0.97 percent to 29,283.82. The S&P/TSX Venture Composite Index (INDEXTSI:JX) performed even better, climbing 3.67 percent to finish Friday at 879.67. However, the CSE Composite Index (CSE:CSECOMP) went the opposite direction, shedding 2.17 percent to end the week at 153.81.
The gold price was in focus again this week as it climbed to a new record high of US$3,667 per ounce on Tuesday (September 9). Gold ended the week up 2.74 percent at US$3,642.70 per ounce.
Silver had a similarly explosive week, climbing past US$42 per ounce for the first time since 2011 and gaining 3.82 percent on the week to close Friday at US$42.16.
Copper also saw gains this week, rising 2.17 percent to US$4.65 per pound. Meanwhile, the S&P Goldman Sachs Commodities Index (INDEXSP:SPGSCI) posted a slight decrease of 0.1 percent to end the week at 548.34.
How did mining stocks perform against this backdrop?
Take a look at this week’s five best-performing Canadian mining stocks below.
Stocks data for this article was retrieved at 4:00 p.m. EDT on Friday using TradingView's stock screener. Only companies trading on the TSX, TSXV and CSE with market caps greater than C$10 million are included. Mineral companies within the non-energy minerals, energy minerals, process industry and producer manufacturing sectors were considered.
Weekly gain: 94.44 percent
Market cap: C$14.34 million
Share price: C$0.175
Guardian Exploration is an explorer and developer whose properties include the Sun Dog gold project, covering an area of 9,415 hectares in the Kivalliq region in Nunavut, Canada. The site is located near the historic Cullaton Lake mine, which produced 100,000 ounces of gold between October 1981 and September 1985.
The company acquired the project on May 2 from New Break Resources (CSE:NBRK). Under the terms of the deal, Guardian received a 100 percent interest in the property, along with mineral rights and 60 drums of Jet A fuel in exchange for 5 million shares and a cash payment of C$75,000. Guardian also reimbursed New Break C$18,830 for annual rent and granted it the option to buy back a 20 percent interest in the property for C$1.
The most recent news from the project came on Monday, when the company reported that it is commencing a one month field program at the site that will include geological mapping, soil sampling and trenching. Guardian plans to perform follow-up exploration and drilling in 2026.
Weekly gain: 80 percent
Market cap: C$13.57 million
Share price: C$0.045
Sokoman Minerals is a discovery-oriented company with a portfolio of gold projects and one of the largest land positions in Newfoundland and Labrador, Canada. It also owns a 40 percent stake in the Killick lithium project, a 40/40/20 joint venture with Benton Resources (TSXV:BEX) and Piedmont Lithium (ASX:PLL).
Its primary focus is on its flagship Moosehead gold project located in Central Newfoundland. The project consists of 98 claims covering 2,450 hectares and hosts an orogenic Fosterville-style gold system, according to Sokoman. The company has defined seven zones with high-grade mineralization through over 130,000 meters of drilling.
Sokomon said Friday that it will start diamond drilling at the site with a focus on testing the Eastern and Western Trend gold zones for depth extensions, as well as undiscovered parallel zones. Additionally, the company reported on September 2 that it has expanded its land position at the Crippleback Lake gold-copper property to 13,000 hectares and planned to mobilize for induced polarization surveys, sampling and mapping of the site immediately.
Weekly gain: 61.11 percent
Market cap: C$11.84 million
Share price: C$0.145
CopAur is a gold exploration and development company advancing its flagship Kinsley Mountain oxide gold project in Nevada, US. The property is home to a historic open-pit gold mine that produced approximately 138,000 ounces between 1995 and 1999. According to the project page, the property hosts an indicated mineral resource of 418,000 ounces of gold with an average grade of 2.63 grams per metric ton (g/t) gold.
On August 7, the company announced that it was shifting its full focus to advance work at its Kinsey Mountain project.
The company’s most recent news came on Monday when it reported that it has hired Andrew Neale as its new CEO. Neale brings more than 35 years of mining experience to CopAur and has held senior positions with Freeport-McMoRan (NYSE:FCX) where he oversaw operations at its Grasberg copper-gold mine in Indonesia.
The company added that it was currently awaiting a decision from the Nevada Bureau of Land Management on a pair of permits for the Kinsey Mountain site, with one allowing it to test for reclamation at the heap leach pad and the other to allow it to restart production.
Weekly gain: 60 percent
Market cap: C$26.72 million
Share price: C$0.40
Silver North Resources is primarily focused on advancing a portfolio of silver assets in the Yukon, Canada.
Its flagship Haldane silver project covers an area of 8,164 hectares in the Yukon’s Keno Hill Silver District and has seen silver exploration dating back to the late 1800s. The property hosts several deposits, including the Main Fault and West Fault targets, which have produced high-grade silver assays up to 3,267 g/t over 1.26 meters at the West Fault and both zones hosting additional amounts of gold, lead, and zinc.
The company announced on August 15 that it commenced a 10 hole drill program at Haldane to follow up on the discovery of the Main Fault zone in 2024. Additionally, the company announced on August 20 that it had begun its initial exploration program at the Veronica property at its GDR project in the Yukon. The program is eligible for partial funding up to C$30,000 as part of the Yukon Mineral Exploration Program.
Weekly gain: 53.12 percent
Market cap: C$25.67 million
Share price: C$0.245
Blue Star Gold is a gold explorer and developer operating in Nunavut, Canada. Its flagship asset is the Ulu gold project, which includes the Ulu mining lease and the Hood River property, together forming a 12,000 hectare land package. The property features a renewable 21 year mining lease for the advanced-stage Flood Zone deposit.
As per a February 2023 updated mineral resource estimate, Ulu holds a measured and indicated resource of 572,000 ounces of gold from 2.54 million metric tons of ore at an average grade of 7.02 g/t gold, along with an additional inferred resource of 303,000 ounces of gold from 1.28 million metric tons of ore at 7.34 g/t.
Blue Star also owns the Roma gold project, located on 11,532 hectares of crown mineral claims and 4,119 hectares of mineral exploration agreements in Nunavut's High Lake greenstone belt.
On Wednesday, Blue Star reported results from surface samples at its Auma prospect at Roma.
The company said it had collected a total of 133 samples, with 44 returning gold grades above 1 g/t, including two samples with grades of 151 g/t and 125 g/t gold. The sampling program extended Zone 3, which is untested by drilling, by an additional 35 meters for a strike length of 130 meters. Additionally, Blue Star found high values of copper in quartz veining, with one sample producing a grade of 7.64 g/t gold and 4.2 percent copper.
The TSX, or Toronto Stock Exchange, is used by senior companies with larger market caps, and the TSXV, or TSX Venture Exchange, is used by smaller-cap companies. Companies listed on the TSXV can graduate to the senior exchange.
As of May 2025, there were 1,565 companies listed on the TSXV, 910 of which were mining companies. Comparatively, the TSX was home to 1,899 companies, with 181 of those being mining companies.
Together, the TSX and TSXV host around 40 percent of the world’s public mining companies.
There are a variety of different fees that companies must pay to list on the TSXV, and according to the exchange, they can vary based on the transaction’s nature and complexity. The listing fee alone will most likely cost between C$10,000 to C$70,000. Accounting and auditing fees could rack up between C$25,000 and C$100,000, while legal fees are expected to be over C$75,000 and an underwriters’ commission may hit up to 12 percent.
The exchange lists a handful of other fees and expenses companies can expect, including but not limited to security commission and transfer agency fees, investor relations costs and director and officer liability insurance.
These are all just for the initial listing, of course. There are ongoing expenses once companies are trading, such as sustaining fees and additional listing fees, plus the costs associated with filing regular reports.
Investors can trade on the TSXV the way they would trade stocks on any exchange. This means they can use a stock broker or an individual investment account to buy and sell shares of TSXV-listed companies during the exchange's trading hours.
Article by Dean Belder; FAQs by Lauren Kelly.
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Securities Disclosure: I, Dean Belder, hold no direct investment interest in any company mentioned in this article.
Securities Disclosure: I, Lauren Kelly, hold no direct investment interest in any company mentioned in this article.
Gold's record-setting price run continued this week, with yet another new all-time high in the books. Silver also fared well, breaking US$42 per ounce.
According to Bloomberg, gold has now also surpassed its inflation-adjusted all-time high of US$850 per ounce, which it set more than 45 years ago on January 21, 1980. The news outlet notes that at the time the US was dealing with currency issues, inflation and recession concerns.
These are problems that sound all too familiar today. This week brought the release of the latest US consumer price index (CPI) data, which shows a 0.4 percent month-on-month increase for the all-items index — that's ahead of estimates and the most since the start of 2025.
Meanwhile, core CPI, which excludes the food and energy categories, was up 0.3 percent from July. On an annual basis, core CPI was up 3.1 percent, while overall CPI rose 2.9 percent.
US producer price index (PPI) data also came out this week.
The index, which measures costs at a wholesale level, showed an unexpected 0.1 percent month-on-month decrease for August; the result was the same for core PPI.
Attention is now shifting to the US Federal Reserve's next meeting, which is set to run from September 16 to 17. For weeks now the central bank has been widely expected to cut interest rates, and experts believe this week's CPI and PPI numbers support that idea.
“Today’s CPI may appear to offset yesterday’s PPI, but it wasn’t hot enough to distract the Fed from the softening jobs picture. That translates into a rate cut next week — and, likely, more to come" — Ellen Zentner, Morgan Stanley Wealth Management
CME Group's (NASDAQ:CME) FedWatch tool now shows odds of 93.9 percent for a 25 basis point cut, while the likelihood of a 50 basis point reduction stands at 6.1 percent.
Anglo American (LSE:AAL,OTCQX:AAUKF) and Teck Resources (TSX:TECK.A,TSX:TECK.B,NYSE:TECK) announced that they plan to merge in a US$53 billion transaction.
The new entity, which the companies say will be one of the world's largest copper producers, will have assets in Canada, the US, Latin America and Southern Africa.
Its primary listing will be in London, but its headquarters will be in Canada — a commitment that Teck CEO Jonathan Price told BNN Bloomberg will be "perpetual." In a bid to safeguard its critical minerals sector, Canada said last year that it will only greenlight foreign takeovers of large critical minerals miners in "exceptional circumstances."
The companies expect annual pre-tax synergies of about US$800 million by the end of the fourth year following the completion of the arrangement.
Experts say the zero-premium, all-share tie up is the second largest mining deal ever, and the biggest in more than a decade. It comes not long after other high-profile M&A attempts involving both companies — Teck rejected a bid from (LSE:GLEN,OTC Pink:GLCNF) in 2023, and Anglo turned down an offer from BHP (ASX:BHP,NYSE:BHP,LSE:BHP) last year.
While the Anglo-Teck deal puts Canada front and center, major miner Newmont (TSX:NGT,NYSE:NEM,ASX:NEM) is backing away from the northern nation. The company said it has applied to voluntarily delist its shares from the TSX amid low volumes.
Newmont also said the move will help boost administrative efficiency and reduce expenses. The firm has faced increasing costs since acquiring Newcrest Mining in 2023, and sources familiar with the matter recently told Bloomberg that it's looking to lower costs by around 20 percent.
Newmont will retain its primary listing in New York, as well as listings in Australia and Papua New Guinea. Its TSX delisting is expected to be effective on September 24.
Also making a move away from Canada this week was Barrick Mining (TSX:ABX,NYSE:B), which has agreed to sell its Hemlo gold mine to Carcetti Capital (TSXV:CART.H) for US$1.09 billion.
Located in Ontario, Hemlo has operated for 30 years, producing over 21 million ounces of gold during that time. The sale comes as Barrick divests non-core assets and pivots toward copper.
The company put Hemlo up for sale earlier this year, and in July was rumored to be selling the operation to Discovery Silver (TSX:DSV,OTCQX:DSVSF); that deal ultimately didn't pan out.
Carcetti will be renamed Hemlo Mining once the transaction closes, and is expected to uplist from the TSX Venture Exchange's NEX Board. Its backers include Robert Quartermain, who is known for leading SSR Mining (TSX:SSRM,NASDAQ:SSRM) and Pretium Resources.
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Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.
Hamak Gold Limited (LSE: HAMA / OTCQB: HASTF), a company combining traditional gold exploration in West Africa with a Digital Asset Treasury Management strategy, is pleased to announce that the Company's shares have been admitted to trading on the OTC Venture Market ("OTCQB") in the United States, under the symbol "HASTF". No new Ordinary Shares have been issued by the Company for this parallel trading of its shares.
The purpose of the listing of shares on the OTCQB is to broaden the Company's exposure to the North American investor markets and to increase trading liquidity in a drive to deliver shareholder value.
The OTCQB is a middle-tier market for entrepreneurial and development U.S. and International companies, and is recognised by the Securities and Exchange Commission ("SEC") as an established public market.
Nick Thurlow, Executive Chairman of Hamak Gold, commented:
"We are pleased to announce approval from the Financial Industry Regulatory Authority for Hamak to list on the OTCQB market. This is an important first step in a larger U.S. strategy designed to widen the investor base for Hamak."
For further information you are invited to view the Company's website at www.hamakgold.com or please contact:
Hamak Gold Limited Nick Thurlow Karl Smithson | n.thurlow@hamakgold.com k.smithson@hamakgold.com |
Peterhouse Capital Limited (Corporate Broker) Yellow Jersey PR Annabelle Wills | +44 (0) 20 7469 0930 +44 (0) 20 3004 9512 |
About Hamak Gold Limited
Hamak Gold Limited (LSE: HAMA) is a UK listed company focussed on gold exploration in Africa and with a strategy of pursuing a BTC/ crypto treasury management policy. Through its LSE main board listing investors underweight crypto can get professional exposure to this asset class.
Important Notice
The Company maintains some of its treasury reserves and surplus cash in Bitcoin, a form of cryptocurrency. The Company is not authorised or regulated by The Financial Conduct Authority (FCA) and Bitcoin investments are generally not subject to regulaton by the FCA or otherwise in the United Kingdom. Neither the Company nor investors in the Company's shares are protected by the UK's Financial Ombudsman Service or the Financial Services Compensation Scheme.
However the FCA considers Bitcoin investments to be high-risk. The value of Bitcoin can go up as well as down, leading to fluctuations in the value of the Company's Bitcoin holdings, and the Company may not be able to realise its Bitcoin holdings for the same amount it paid to acquire them, or even for the value the Company currently attributes to its Bitcoin positions.
The Company's Board of Directors have identified the following risks in relation to the holding of Bitcoin, which are not exhaustive:
An investment in the Company is not an investment in Bitcoin itself, but prospective investors in the Company are encouraged to conduct their own research before investing and should be aware that they will have indirect exposure to the high-risk nature of cryptoassets, including their volatility, and could therefore sustain large or total losses of their investment.
Barrick Mining (TSX:ABX,NYSE:B) has agreed to sell its Hemlo gold mine in Ontario, Canada, for up to US$1.09 billion, continuing the company's shift away from non-core assets.
The company announced on Thursday (September 11) that Carcetti Capital (TSXV:CART.H), which will be renamed Hemlo Mining, will acquire the mine under terms that include US$875 million in cash, US$50 million in Hemlo Mining shares and as much as US$165 million in contingent payments tied to future gold prices and production.
Barrick President and Chief Executive Mark Bristow said the sale is part of the company’s ongoing capital allocation approach, noting that proceeds will help bolster the firm's balance sheet and fund returns to shareholders.
“The sale of Hemlo at an attractive valuation marks the close of Barrick’s long and successful chapter at the mine and underscores our disciplined focus on building value through our Tier One gold and copper portfolio,” Bristow said.
Hemlo, located near Marathon, Ontario, has produced more than 25 million ounces of gold over three decades of continuous operation. The mine transitioned from open-pit to underground operations in 2020.
The incoming Hemlo Mining board will include Robert Quartermain, founder of Pretium Resources and former CEO of SSR Mining (NASDAQ:SSRM,TSX:SSRM). He played a key role in the original discovery of Hemlo while at Teck Resources (TSX:TECK.A,TSX:TECK.B,NYSE:TECK). The company will be led by incoming CEO Jason Kosec, and supported by a consortium that includes Wheaton Precious Metals (TSX:WPM,NYSE:WPM) and Orion Mine Finance.
To finance the acquisition, Hemlo Mining has secured a US$1 billion package comprised of US$400 million in gold streaming from Wheaton, US$415 million in equity and US$200 million in debt.
Wheaton will also take up to US$50 million of the equity raise.
“Hemlo offers a unique opportunity to add immediate, accretive gold ounces from a politically stable jurisdiction, backed by a long history of production and a capable operating team,” said Wheaton CEO Randy Smallwood.
Under the streaming agreement, Wheaton will purchase 13.5 percent of Hemlo’s payable gold until 181,000 ounces are delivered, after which the rate will fall to 9 percent for another 157,330 ounces, and then to 6 percent for the remainder of the mine’s life. Wheaton’s attributable production is expected to average around 20,000 ounces annually for the first decade and more than 17,000 ounces annually over the life of mine, which is forecast to extend for at least 14 years.
For Barrick, the sale continues a multi-year effort to trim smaller, less profitable operations in favor of large, long-life assets that meet its “tier one” criteria. Earlier this year, the company also divested its stakes in Donlin and Alturas, bringing expected gross proceeds from non-core asset sales in 2025 to more than US$2 billion.
While Barrick has emphasized that Canada remains an important exploration jurisdiction, the Hemlo arrangement effectively ends its role as a mine operator in its home country.
Reports of a potential sale had circulated since mid-2024, spurring rumors that Barrick was in advanced talks with Discovery Silver (TSX:DSV,OTCQX:DSVSF) to divest Hemlo; those discussions ultimately did not result in a deal.
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Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.
Welcome to the Investing News Network's weekly round-up of the top-performing mining stocks listed on the ASX, starting with news in Australia's resource sector.
Companies focused on a mix of minerals and resources once again form this week’s top stocks list, including ones searching for gold, rutile, graphite, lithium and oil.
Significant news, including broad mineralisation discoveries and new acquisitions, drove the top performers this week, which you can learn more about in the list below.
Looking at the bigger picture, Australian lithium stocks took a hit this week following the announcement of Chinese battery giant Contemporary Amperex Technology's (SZSE:300750,HKEX:3750) reported production restart at its Jianxiawo lithium mine in Yichun. Lithium prices and mining companies had previously been lifted in mid-August after the mine was suspended.
The S&P/ASX 200 (INDEXASX:XJO) posted a 0.75 percent decrease this week, opening at 8,871.20 on Monday (September 8) and closing at 8,805.00 on Thursday (September 11).
As for precious metals, gold increased 1.3 percent increase in US dollars, going from US$3,586.27 per ounce on Monday to US$3,632.87 by the close of Australian trading on Thursday. The metal also saw an increase in Australian dollars, climbing 0.5 percent from AU$5,468.95 to AU$5,496.45 over the same period.
Silver ended the period flat in US dollars, starting on Monday and closing on Thursday at US$41.07, but fell 0.77 percent in Australian dollars, moving from AU$62.63 to AU$62.15.
How did ASX mining stocks perform against this backdrop?
Take a look at this week’s five best-performing Australian mining stocks below as the Investing News Network breaks down their operations and why these companies are up this week.
Stocks data for this article was retrieved at 4:00 p.m. AEST on Thursday (September 11) using TradingView's stock screener and reflects price movements between Monday and Thursday. Only companies trading on the ASX with market capitalisations greater than AU$10 million are included. Mineral companies within the non-energy minerals, energy minerals, process industry and producer manufacturing sectors were considered.
Weekly gain: 83.33 percent
Market cap: AU$31.77 million
Share price: AU$0.11
Zenith Minerals is an exploration company based in West Perth, Australia. Previously focused on lithium, this year the company has pivoted strategically to focus on gold at its Red Mountain and Dulcie gold projects. It still owns three lithium projects across its portfolio, alongside one zinc project.
Pending the release of significant news, Zenith requested a trading halt on Tuesday (September 9), and normal trading recommenced Thursday alongside its release.
That day, Zenith announced the first gold assay results from its Red Mountain gold project in Queensland. The results from its 2025 drilling campaign included one core that intersected a broad mineralized gold zone, extending 139.7 metres at an average grade of 1.05 grams per tonne gold. The interval, which started at a depth of 214.9 metres, included semi-massive sulphide mineralisation. Further assays are expected in the coming weeks.
Zenith added that it is preparing to start a fully funded 9,000 to 12,000 metre reverse circulation drilling program at its Dulcie gold project in Western Australia by the end of September.
Shares of the company gained significantly once trading recommenced, closing at AU$0.11 on Thursday.
At the start of the week, the company announced a share sale facility of unmarketable parcels under a value of AU$500 based on a share price of AU$0.06. The 1,233 shareholders with these small holdings can opt out by October 20, but otherwise the company will purchase the shares back automatically.
Weekly gain: 81.82 percent
Market cap: AU$13.11 million
Share price: AU$0.10
Fortuna Metals is an exploration company focused on rutile-graphite projects in Malawi following acquisition news this week. Its portfolio also includes rare earth and base metal assets in Western Australia and South Australia. The company changed its name from Lanthanein Resources last month.
Fortuna announced the acquisition agreement for the Mkanda and Kampini rutile-graphite projects on Thursday. The projects sit south of Sovereign Metals’ (ASX:SVM) Kasiya rutile and flake graphite deposit.
“The projects cover some of the most prospective geology outside of Kasiya, which hosts the world’s largest rutile and second largest flake graphite resource,” CEO Tom Langley commented. The mineral rutile is a high-grade source of titanium.
In its acquisition presentation, the company shared next steps, including data review and Phase 1 soil sampling and hand auger drilling, for which results are expected in Q4. Further exploration at identified targets will begin in 2026.
Fortuna requested a trading halt on Wednesday pending the acquisition news, which it released during pre-market trading Thursday. Its share price spiked to AU$0.125 at Thursday’s open and closed at a weekly high of AU$0.10.
Weekly gain: 70.33 percent
Market cap: AU$32.39 million
Share price: AU$0.155
US-focused IRIS Metals is a hard-rock lithium explorer and developer that is currently advancing near-term production through its Beecher and Tin Mountain lithium projects on private land in the Black Hills of South Dakota. The company aims to develop a hub-and-spoke model in the state, with multiple mines and centralised processing.
Adding to its holdings in the state, the company said on Wednesday that it acquired a portfolio of private lands and federal mineral claims in the region from Rapid Critical Metals (ASX:RCM). The acquisition includes the Ingersoll project, which hosts the past-producing Bob Ingersoll lithium-beryllium mine. IRIS intends to start drilling at the Ingersoll project towards the end of 2025.
“Combined with our Beecher, Tin Mountain and Edison projects, (Ingersoll) establishes a robust foundation for IRIS’ near-term lithium production ambitions and enhances our exposure to critical minerals such as beryllium and tantalum,” US Operations President Matt Hartmann stated.
He added that private land ownership is strategically advantageous as it positions IRIS as “the leading lithium explorer in the region.” The acquisition brought the company’s private land holdings to over 41 hectares.
Shares of the company climbed to AU$0.14 by Wednesday’s close and closed even higher Thursday at AU$0.155.
Weekly gain: 66.67 percent
Market cap: AU$27.11 million
Share price: AU$0.005
Established in 2001, Red Sky Energy is an oil and gas exploration company headquartered in Melbourne.
Its flagship asset is its wholly owned Killanoola oil project in Otway Basin, South Australia, which covers an area of 17.5 square kilometres and has recorded rates of 300 barrels per day.
On Thursday, Red Sky Energy reported that construction has commenced at Killanoola’s KN2 well site following approval from the South Australian Department for Energy and Mining (DEM).
Drilling and completion costs for the KN2 well are being 75 percent funded by Condor Energy Services, Chawla Group and VB Energy through a farm-in agreement. Once complete, the companies will hold a 45 percent working interest in the well, and Red Sky will retain 55 percent.
Completion of construction is expected within the next two weeks, with initial activities including the removal and stockpiling of topsoil. The company added that installation of the access gate and fencing will follow after construction is complete.
Red Sky Energy shares climbed on the news, closing at AU$0.005 on Thursday.
Weekly gain: 45 percent
Market cap: AU$20.93 million
Share price: AU$0.029
Resources & Energy Group is a gold explorer and miner headquartered in Sydney.
It is currently performing small-scale gold production at its East Menzies gold project in Western Australia, which is located 130 kilometres north of Kalgoorlie and consists of over 50 tenements.
The company performed its second gold doré pour in Q2, with 34.14 ounces of gold minted at the Perth Mint.
On Tuesday, Resources & Energy Group announced that an amendment to its mining proposal for the Maranoa deposit at East Menzies has been approved, meaning it can construct eight additional vat leach cells with combined processing capacity of 40,000 tonnes of ore. The approval allows the company to move from small-scale trial to full-scale vat leach production at the deposit.
“Ultimately, cash flow from production will directly support resource drilling, exploration, and further development across the entire East Menzies gold project. This marks the beginning of a new growth phase for REZ,” Managing Director J. Daniel Moore said.
Shares of Resources & Energy Group climbed through the week after the announcement, closing at AU$0.029 on Thursday.
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Securities Disclosure: I, Gabrielle de la Cruz, hold no direct investment interest in any company mentioned in this article.