Northwire Canada EditionMonday, November 9, 2026
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Gold 4,079.60 −0.8% Silver 51.94 −0.8% Copper 6.24 −0.5% Oil 90.83 +0.3% Palladium 1,017.10 −2.6% KRN 0.260 −7.1% GSKR 2.84 +5.6% ADE 0.125 +4.2% NRM 0.055 +0.0% BBB 0.520 −1.9% LGD 2.09 +1.9% DEC 0.110 +0.0% LCE 0.200 +0.0% NILI 0.515 −1.0% CDE 21.85 +6.7% CAN 0.045 +0.0% LORD 0.100 +0.0% HBM 29.49 +2.3% ELEF 0.265 +120.8% MUN 0.300 +0.0% SAGA 0.400 +6.7% Gold 4,079.60 −0.8% Silver 51.94 −0.8% Copper 6.24 −0.5% Oil 90.83 +0.3% Palladium 1,017.10 −2.6% KRN 0.260 −7.1% GSKR 2.84 +5.6% ADE 0.125 +4.2% NRM 0.055 +0.0% BBB 0.520 −1.9% LGD 2.09 +1.9% DEC 0.110 +0.0% LCE 0.200 +0.0% NILI 0.515 −1.0% CDE 21.85 +6.7% CAN 0.045 +0.0% LORD 0.100 +0.0% HBM 29.49 +2.3% ELEF 0.265 +120.8% MUN 0.300 +0.0% SAGA 0.400 +6.7%
Drill Results

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.

Nov 05, 2026 · 17:10

Selkirk confirms prior PEA economics and restart plan remain unchanged following the filing of its technical report.

Technical Study Oct 21, 2026 · 08:32

Selkirk released a paid recap of previously published assay results, providing no new geological data or updated resource estimates for its projects.

Technical Study Oct 15, 2026 · 07:01

Selkirk’s infill drilling at the Selkirk deposit returned a best grade-width hole of 12.4 g/t over 1.5 metres within the known resource.

Drill Results Sep 29, 2026 · 07:01

Selkirk’s infill drilling at the Selkirk deposit revealed a high-grade 99th-percentile hole, confirming robust mineralisation without changing total tonnes.

Drill Results Sep 22, 2026 · 07:01

Selkirk’s preliminary economic assessment delivers a C$494 million net present value at planning prices for its project.

Resource Estimate Sep 14, 2026 · 23:36

Selkirk’s NI 43-101 filing confirms the July MRE with no material changes to the Minto resource.

Resource Estimate