Northwire Canada EditionFriday, September 25, 2026
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GOLD 4298.00 −0.5% SILVER 64.00 −1.5% COPPER 6.77 +0.3% OIL 94.61 +2.7% PALLADIUM 1274.00 +0.3% TSLV 0.075 −11.8% ESM 0.160 +0.0% IMM 0.060 +0.0% BRON 0.055 +0.0% NG 10.09 −1.1% EAM 0.075 +0.0% LUG 91.04 −0.7% MOLY 1.73 +1.8% V 0.340 +0.0% AUMB 0.810 −3.6% BYN 1.92 +0.5% RME 0.230 +0.0% TOM 0.195 +0.0% GNG 0.070 +0.0% ETL 0.780 −1.3% SGZ 0.035 +16.7% GOLD 4298.00 −0.5% SILVER 64.00 −1.5% COPPER 6.77 +0.3% OIL 94.61 +2.7% PALLADIUM 1274.00 +0.3% TSLV 0.075 −11.8% ESM 0.160 +0.0% IMM 0.060 +0.0% BRON 0.055 +0.0% NG 10.09 −1.1% EAM 0.075 +0.0% LUG 91.04 −0.7% MOLY 1.73 +1.8% V 0.340 +0.0% AUMB 0.810 −3.6% BYN 1.92 +0.5% RME 0.230 +0.0% TOM 0.195 +0.0% GNG 0.070 +0.0% ETL 0.780 −1.3% SGZ 0.035 +16.7%
Drill Results Routine +

Spartan Metals Receives BLM Approval for Seven Additional Drill Sites at its Tungstonia Claims, Nevada

Spartan advances its 3,000m Tungstonia drilling program after receiving Bureau of Land Management approval for seven new drill pads.

Executive Summary

Spartan Metals Corp. has received approval from the U.S. Bureau of Land Management (BLM) for seven additional drill pads at its Tungstonia Claims. This authorization brings the total number of permitted drill sites to 32, facilitating the expansion of the company’s current approximately 3,000-meter diamond core drilling program.

The new target locations were identified through magnetotelluric (MT) and direct-current induced polarization (DCIP) geophysical surveys conducted in mid-September 2026. These surveys have helped refine the geological model, allowing for more precise targeting of high-priority subsurface structures. The approved sites cover vein depth extensions for Veins 1-5, Spartan A/B/C, the SE Tungsten Anomaly, and interpreted carbonate replacement deposit (CRD) and skarn zones.

Approximately 550 meters of drilling has been completed to date, with operations now shifting to the newly authorized locations.

Material Impact

Spartan Metals Corp. (W) received Bureau of Land Management approval for its drilling program, a procedural milestone that aligns with the company’s announced 2026 exploration roadmap. The authorization validates the geophysical model released on September 17, 2026, and confirms management's plan to expand its drilling footprint.

No new assay results or resource estimates were provided with the update. The market likely anticipated this step following the completion of geophysics and the commencement of drilling in August 2026.

W · Price
Company Overview

Spartan Metals Corp. (formerly Midasco Capital Corp.), trading on the TSX-V (W), OTCQB (SPRMF), and Frankfurt (J03) exchanges, focuses on the Eagle Tungsten-Silver-Rubidium Project in White Pine County, Nevada. Spanning approximately 36.5 km², the flagship asset is currently in the exploration and early-stage development phase. The project encompasses past-producing mines, including Tungstonia, Yellow Jacket, and Rees/Antelope, which have yielded historic production of approximately 8,379 units of WO₃ at grades ranging from 0.6% to 0.9%. These deposits are characterized as porphyry, skarn, and carbonate replacement deposits (CRD) hosting tungsten, silver, rubidium, copper, antimony, and other critical metals.

The company also holds the Victorio Tungsten-Molybdenum Project in New Mexico. This secondary asset features a historic 2012 resource estimate of 77.2 million tonnes of measured and indicated material grading 0.09% WO₃ and 0.09% Mo.

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