Northwire Canada EditionTuesday, August 4, 2026
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FAIR 0.050 +0.0% ELR 0.345 +0.0% LMCU 8.77 +0.0% MKA 0.720 +0.0% SCD 0.160 +0.0% TECK 84.36 +0.0% SAGA 0.435 +0.0% BZ 3.16 +0.0% FFM 1.68 +0.0% LOD 0.335 +0.0% AEC 5.52 +0.0% ORV 1.88 +0.0% MCM 0.300 +0.0% GAMA 0.075 +0.0% AIR 0.050 +0.0% LUN 34.71 +0.0% FAIR 0.050 +0.0% ELR 0.345 +0.0% LMCU 8.77 +0.0% MKA 0.720 +0.0% SCD 0.160 +0.0% TECK 84.36 +0.0% SAGA 0.435 +0.0% BZ 3.16 +0.0% FFM 1.68 +0.0% LOD 0.335 +0.0% AEC 5.52 +0.0% ORV 1.88 +0.0% MCM 0.300 +0.0% GAMA 0.075 +0.0% AIR 0.050 +0.0% LUN 34.71 +0.0%
Drill Results

SRQ Resources Intersects Mineralization within the Intrusive Magmatic Complex at Target 900

By The Northwire Desk — AI Analysis Sep 03, 2025 · 09:40 SRQ · 0.095 SRQ Resources Inc.
SRQ · Price

Executive Summary

  • SR Resources reported a new mineralized zone at Target 900 on the Lac Brulé property, highlighted by a 2.20 m interval of semi‑massive sulfides intersected in hole LB‑24‑29.
  • The 2025 summer program drilled 3,876 m across three holes and completed extensive geophysical surveys (ANT, airborne gravity, DHTEM), reinforcing the presence of a large undeformed intrusive magmatic system.
  • Assays are pending; the company plans additional downhole EM work and step‑out drilling in 2026 to define the scale of the nickel‑copper system.

Key Details

  • Drilling Highlights (2025 Summer Program)
  • Total depth drilled: 3,876 m across three holes plus extension of LB‑24‑29.
  • Hole LB‑24‑29 extended to 1,161 m; intersected 15 m of mineralized pyroxenite/gabbro, including 2.20 m of semi‑massive sulfides (pyrrhotite‑rich).
  • Hole LB‑25‑30 drilled to 1,389 m; intersected pentlandite, chalcopyrite, and pyrrhotite; DHTEM identified a strong off‑hole conductor intensifying with depth.

  • Holes LB‑25‑31 & LB‑25‑32 (1,176 m & 1,101 m) remained within the intrusive complex, confirming continuity.

  • Geophysical Surveys

  • Ambient Noise Tomography (ANT) completed over a 5.6 km × 5.5 km grid (Caur Technologies).
  • Airborne gravity survey: 880 line‑km across central and western property (Xcalibur Multiphysics).

  • Downhole Time‑domain Electromagnetic (DHTEM) survey on LB‑25‑30 identified a moderate off‑hole anomaly beginning at ~900 m depth.

  • Historical Context

  • 2023‑24 drill campaigns in the Gossan Zone showed intervals up to 1.17 % CuEq over 9.2 m and higher‑grade massive sulfide samples (e.g., 5.54 % CuEq).

  • Those results formed the basis for targeting deeper mineralization at Target 900.

  • Next Steps

  • Pending assay results for all intercepted intervals.
  • Additional DHTEM surveys planned on LB‑24‑29 to refine target geometry.

  • Summer survey data and pending assays will guide step‑out drilling slated for 2026, aiming to delineate the scale of a potential large nickel‑copper system.

  • Quality Control

  • Core logging and sampling performed by SR Resources staff; analyses conducted by Activation Laboratories Ltd (Actlab) using ICP and fire assay methods for Ni, Cu, Co, Fe, S, Pt, Pd, Au.

Notable Quotes

“These latest results at Target 900 confirm the presence of a very large undeformed intrusive magmatic system with multiple mineralized horizons… The intersection of semi‑massive sulfides … reinforces our confidence that the Lac Brulé property has the potential to host a significant nickel‑copper discovery.” – Dr. Marc‑Antoine Audet, President & CEO, SR Resources

Materiality: Material – Positive (new mineralized intercepts and extensive geophysical work suggest a potentially significant discovery).

Read the original news release →