Drill Results
Winshear Successfully Completes Phase 1 Drill Program and Downhole EM Survey at the Portsoy Nickel-Copper-Cobalt Project, Scotland
Winshear Metals Completes Portsoy Drilling, Grades Align with Historic Intercepts

Executive Summary
- Winshear Metals Corp. completed Phase 1 drill program at the Rodburn Target within the Portsoy Nickel-Copper-Cobalt project in Scotland on May 26, 2026.
- Program consisted of six drill holes totaling 1,235.6m across North and South Zones.
- North Zone: Drillhole RBD028 intersected disseminated sulphides over a 69.5m section (widest zone to date). Mineralization trends westwards and remains open.
- South Zone: Significant NiEq intercepts reported including 6.0m @ 2.8% NiEq, 12.0m @ 1.8% NiEq, and 5.4m @ 2.4% NiEq.
- Downhole electromagnetic (DHEM) surveys identified a new high-priority off-hole conductor to the east of drill hole RBD030 starting at ~300m depth.
- Drillhole RBD029 extended known mineralized zone at least 80m down dip.
- Assays for the most recent drilling are currently pending, though specific intercepts were disclosed in the release.
Material Impact
- Expectation vs. Reality: The news is consistent with the March 10, 2026 announcement commencing the drill program. Results validate the geological model established by historical Peak Nickel data (which showed NiEq up to ~2.86%).
- Grade Comparison: Reported intercepts (e.g., 2.8% NiEq) match or slightly trail historic highs disclosed in previous earn-in agreements, indicating no significant grade upgrade but confirming continuity and thickness.
- New Targets: The DHEM conductor represents a potential upside catalyst for future drilling phases, though it is not yet defined by drill holes.
- Market Reaction: As the market anticipated these results following the March commencement news, the impact is incremental rather than transformative. It confirms execution capability but does not alter the fundamental valuation significantly without a resource estimate.
WINS · Price
Company Overview
- Company: Winshear Gold Corp., a Canadian explorer focusing on earning full interests in targeted projects via share issuances and cash expenditures.
- Flagship Project (Portsoy): Located in Aberdeenshire, Scotland. 250 km² nickel-copper-cobalt project. Earn-in agreement with Peak Nickel Ltd. requires £3 million spend over five years plus 1,000m drilling to earn 100% interest.
- Secondary Project (Thunder Bay): Located in Northwestern Ontario. Gold/critical minerals project. Earn-in agreement for 100% interest requiring $250k spend within six months and additional expenditures by year two.
- Status: Both projects are in exploration/earn-in stages with no defined reserves or resources yet.
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Jun 23, 2026 · 07:30