Northwire Canada EditionSaturday, July 25, 2026
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B 0.150 +0.0% IFOS 2.28 −2.6% IMM 0.060 +0.0% ROCK 3.38 −1.7% NVX 0.250 −7.4% HAR 0.050 +0.0% YGT 0.175 +0.0% GEN 0.070 −nan% CRB 0.040 +14.3% MSA 7.07 +2.2% AEM 204.81 +0.7% OPW 0.105 +5.0% GRL 0.275 −1.8% AIS 0.150 +0.0% CUU 0.580 −1.7% SOMA 0.720 +5.9% B 0.150 +0.0% IFOS 2.28 −2.6% IMM 0.060 +0.0% ROCK 3.38 −1.7% NVX 0.250 −7.4% HAR 0.050 +0.0% YGT 0.175 +0.0% GEN 0.070 −nan% CRB 0.040 +14.3% MSA 7.07 +2.2% AEM 204.81 +0.7% OPW 0.105 +5.0% GRL 0.275 −1.8% AIS 0.150 +0.0% CUU 0.580 −1.7% SOMA 0.720 +5.9%
Drill Results Routine +

Selkirk Copper Reports Additional Intersections of High-Grade Cu-Au-Ag From the Phase 1 Drill Program at the Minto Copper-Gold-Silver Mine

Selkirk Copper Drill Program Completion Validates Minto Restart Path Amidst Capital Raise

By The Northwire Desk — AI Analysis Apr 30, 2026 · 07:01 SCMI · 1.25 Selkirk Copper Mines Inc.
Executive Summary
  • The most recent release (April 30, 2026) confirms the completion of Phase 1 drilling at the Minto Mine with 52,288 metres drilled across 175 holes.
  • Results highlight high-grade intersections including an 8.3% CuEq intercept in Area 118 and significant copper-gold-silver grades in Minto North and Ridgetop South.
  • The program exceeded its initial target by 5%, completing 105% of the planned scope with low cost-per-metre productivity.
  • A concurrent financing update (April 29, 2026) notes Selkirk First Nation exercised anti-dilution rights to invest C$500,250 at $1.15 per share.
  • Previous news (April 15, 2026) announced the assumption of site operations from the Yukon Government and confirmed the drilling completion milestone.
  • The April 9, 2026 financing raised approximately C$20 million via a bought-deal private placement to fund development and working capital.
Material Impact
  • Confirmation of Milestones: The Phase 1 drill program completion is a critical prerequisite for the Preliminary Economic Assessment (PEA) scheduled for mid-2026. This news confirms the company is on track to deliver the data required for the restart decision targeted in early 2027.
  • Grade Validation: While the high-grade results are positive, they align with the narrative established since December 2025 (e.g., Dec 1, Dec 22, Jan 22 releases). The stock price has already rallied significantly from $0.18 to over $1.40 in anticipation of these results, suggesting much of this information is priced in.
  • Financing Context: The Selkirk First Nation participation reinforces the strategic partnership but represents a relatively small amount (C$500k) compared to the C$20M bought deal raised earlier in April. It does not materially alter the capital structure or dilution profile significantly beyond what was already disclosed.
  • Risk Mitigation: The assumption of site operations from the Yukon Government reduces regulatory uncertainty regarding care and maintenance, but it also transfers operational liability to Selkirk Copper before a final restart decision is made.
SCMI · Price
Company Overview
  • Company: Selkirk Copper Mines Inc. (formerly Venerable Ventures Ltd.).
  • Flagship Project: Minto Copper-Gold-Silver Mine in central Yukon.
  • Project Status: Restart phase; transitioning from care and maintenance to development.
  • Infrastructure: Existing 4,100 t/d mill, open-pit/underground mine infrastructure, power line, water treatment plant, and road/barge access valued at >C$300M (legacy).
  • Resource Base: Indicated resources of ~12.6 Mt @ 1.2% Cu; Inferred resources of ~23.7 Mt @ 1.05% Cu.
  • Timeline: PEA mid-2026, Feasibility Study mid-2027, Construction decision H2 2027, First production mid-2028.
Read the original news release →

More from Selkirk Copper Mines Inc.

Jul 08, 2026 · 07:01

Selkirk infill drilling confirms high-grade continuity at the project, with PEA and resource updates serving as the primary catalysts.

Drill Results Jun 10, 2026 · 08:30

Selkirk Copper concludes Phase 1 drilling with high-grade hits ahead of the upcoming preliminary economic assessment for its project.

Drill Results Jun 04, 2026 · 06:05

Selkirk confirms high-grade continuity in its Phase 1 drill finale, while Phase 2 execution and the PEA timeline will test valuation.

Drill Results Jun 03, 2026 · 07:01

Selkirk’s Minto Project drilled high-grade intercepts, supporting mid-2027 restart ambitions and a phase two expansion.

Drill Results May 25, 2026 · 07:00

Selkirk Copper Closes First Nation Investment as Minto Restart Drilling Advances

Financings May 14, 2026 · 08:30

Selkirk Copper Unearths New 117 Lens, Stream-Free Minto Mine Glistens with High-Grade Intercepts

Drill Results