Northwire Canada EditionSaturday, November 7, 2026
Northwire
⌕
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 Routine +

Vault Strategic Engages Rangefront Mining Services For Maiden Exploration Program At Historical Mirage-Mariposa Tungsten Mine

Vault Strategic Expands Tungsten Portfolio with Maiden Exploration at Mirage-Mariposa Amidst Aggressive Acquisition Strategy

Executive Summary
  • Vault Strategic Mining Corp. engaged Rangefront Mining Services to conduct a maiden exploration program at the Historical Mirage-Mariposa Tungsten Mine (Gray Eagle Project, CA).
  • Program scope includes detailed mapping of intrusive-carbonate contact and skarn zoning, underground/surface verification of historical zones, channel sampling with QA/QC, and portable UV work for scheelite distribution.
  • Company entered into a marketing services agreement with Capitaliz Marketing Inc. with an initial budget of $50,000 and potential maximum of $200,000 subject to TSX-V approval.
  • The exploration aims to verify historical workings (USGS data: 21k indicated tons @ 0.15% WO3) and identify high-priority drill targets for future resource expansion.
  • This follows the acquisition announcement of the Mirage-Mariposa mine on May 8/11, 2026 ($380k cash + 2% NSR royalty).
Material Impact
  • The news is Routine - Positive as it confirms execution of a previously announced acquisition strategy rather than introducing new fundamental value.
  • No resource estimate or drilling results are provided; the work is reconnaissance and target generation, which carries high technical risk given historical data is non-NI 43-101 compliant.
  • The marketing spend ($50k-$200k) represents a notable cash outflow (~$100k CAD equivalent) for a ~$10M market cap company, potentially indicating a need to maintain investor visibility during the exploration phase.
  • Price action reflects this as incremental; stock rose from $0.72 (May 13) to $0.83 (May 15), sustaining momentum from the acquisition spike but not breaking new highs ($0.90).
KNOX · Price
Company Overview
  • Strategy: Build leverage to gold, silver, and strategic metals through an option-based acquisition model targeting advanced historical mining assets in North America.
  • Flagship Projects:
    • Gray Eagle Project (California): Historical Mirage-Mariposa Tungsten Mine (33 claims, 681.8 acres).
    • Wheeler Tungsten Project (Nevada): Historical production ~1,800 ft of ore @ 1.3% WO3.
    • Mia Silver Project (Idaho): Historic assays up to 1.10 oz/t Au and 178 oz/t Ag.
  • Development Stage: Exploration/Reconnaissance; no NI 43-101 compliant resources currently disclosed for new acquisitions.
Read the original news release →

More from Vault Strategic Mining Corp.