Northwire Canada EditionThursday, November 12, 2026
Northwire
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Gold 4,000.50 −0.7% Silver 52.00 +1.5% Copper 6.27 +0.5% Oil 86.53 +0.6% Palladium 1,030.00 +0.9% TIG 0.800 +0.0% RVG 0.715 −4.0% FNV 354.26 −2.4% FDY 4.30 −0.5% MAU 16.05 −3.2% VOXR 6.78 −0.6% TLO 7.04 −1.0% NICU 1.95 −5.8% VTEN 0.440 +0.0% AWM 0.025 +0.0% OR 50.79 −1.8% AUXX 5.30 −5.5% TNR 0.420 +40.0% ORCL 0.030 +0.0% ELD 47.71 −5.4% OPW 0.140 −6.7% Gold 4,000.50 −0.7% Silver 52.00 +1.5% Copper 6.27 +0.5% Oil 86.53 +0.6% Palladium 1,030.00 +0.9% TIG 0.800 +0.0% RVG 0.715 −4.0% FNV 354.26 −2.4% FDY 4.30 −0.5% MAU 16.05 −3.2% VOXR 6.78 −0.6% TLO 7.04 −1.0% NICU 1.95 −5.8% VTEN 0.440 +0.0% AWM 0.025 +0.0% OR 50.79 −1.8% AUXX 5.30 −5.5% TNR 0.420 +40.0% ORCL 0.030 +0.0% ELD 47.71 −5.4% OPW 0.140 −6.7%
Drill Results

Edge Copper Mobilizes Drill Rigs and Commences 53,000 Foot Drilling Program at Zonia

EDCU · Price

Executive Summary

  • Edge Copper has mobilized two diamond drill rigs and begun a six‑month, ~53,000‑foot drilling program at its 100 % owned Zonia Copper Project in Arizona.
  • The program consists of 78 holes: ~65 % aimed at converting oxide copper Indicated & Inferred resources to higher confidence categories, ~24 % for step‑out/expansion, and ~14 % for condemnation and geotechnical work.
  • Results are expected over the next 7–8 months with an updated mineral resource forecast for late Q3 or early Q4 2026; a Preliminary Economic Assessment is slated for release next month.

Key Details

  • Drilling Scope: Original plan of ~60,000 ft reduced to ~53,000 ft after drill spacing optimization by GeologicAI’s Resource Exploration Strategies (RXS).
  • Hole Allocation: 78 total holes – 65 % conversion drilling, 24 % step‑out/expansion, 14 % condemnation/geotechnical.
  • Technology Deployment: GeologicAI’s proprietary core scanner will digitize historical and newly drilled core in real time with remote geological logging to improve data quality and enable near‑real‑time evaluation.
  • Timeline for Results: Assay results anticipated within 7–8 months; resource update targeted for late Q3/early Q4 2026.
  • Upcoming Milestone: Preliminary Economic Assessment (PEA) expected next month, providing a framework for further project advancement.

Notable Quotes

  • “The commencement of this drill program represents an important step in advancing Zonia toward the next stage of development,” said Gil Clausen, Chair and CEO of Edge Copper.
  • “By optimizing the drill plan and integrating advanced data analytics… we are able to efficiently upgrade and expand the resource while supporting future mine planning.”
Read the original news release →

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