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GLDN 0.055 +0.0% BRON 0.040 +0.0% BTO 5.43 −0.7% ESK 0.365 −2.7% AUMN 0.275 +0.0% GGX 0.040 +0.0% S 0.155 +29.2% NNX 0.035 +0.0% ABX 51.90 −0.6% TTS 2.40 −4.0% FCI 0.400 −9.1% GR 0.075 +0.0% AII 23.38 +12.4% TUNG 1.72 +1.8% LGO 1.01 −2.9% EMM 0.080 +0.0% GLDN 0.055 +0.0% BRON 0.040 +0.0% BTO 5.43 −0.7% ESK 0.365 −2.7% AUMN 0.275 +0.0% GGX 0.040 +0.0% S 0.155 +29.2% NNX 0.035 +0.0% ABX 51.90 −0.6% TTS 2.40 −4.0% FCI 0.400 −9.1% GR 0.075 +0.0% AII 23.38 +12.4% TUNG 1.72 +1.8% LGO 1.01 −2.9% EMM 0.080 +0.0%
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Medaro Mining Announces High-Grade Copper and Gold Assay Results from Sampling Program at the Bastnas Project in Sweden

Medaro Mining Secures High-Grade Copper and Gold Assays in Sweden, Yet Permit Transfer Risks Loom

By The Northwire Desk — AI Analysis May 28, 2026 · 06:01 MEDA · 0.465 Medaro Mining Corp.
Executive Summary

Most Recent Release (May 28, 2026)

  • Medaro Mining Corp. announced high-grade copper and gold assay results from rock chip sampling at the Bastnäs Project in Sweden.
  • First 97 samples assayed show significant mineralization: Gold up to 11.3 g/t Au (Area G), Copper exceeding 10% Cu (Persgruvan/Haggruvan).
  • Rare Earth Element (REE) potential identified with >10,000 ppm Cerium at Area G and elevated Yttrium values in Fe-Ca skarn host rocks.
  • A high-resolution drone magnetic survey is underway; field work continues to expand sampling to 250 samples total.
  • Permits Bastnäs 100 (269ha) and Bastnäs 200 (867ha) are held by McKnight Resources AB ("MRAB") pending transfer to Medaro upon regulatory approval from the Inspectorate of Strategic Products (ISP).
Material Impact

Evaluation of News Impact

  • The assay results confirm the geological potential of the Bastnäs project following the staking in January and permit acquisition in March.
  • Grades reported (>10% Cu, 11.3 g/t Au) are high for rock chip sampling but require drilling to verify continuity and bulk tonnage.
  • The news is consistent with the exploration program announced in February (financing) and March (permitting).
  • Risk Factor: Permits remain pending transfer from MRAB to Medaro; regulatory approval is not guaranteed.
  • Risk Factor: Rock chip sampling can be biased towards high-grade surface material compared to bulk drilling results.
MEDA · Price
Company Overview

Corporate Profile

  • Medaro Mining Corp. is a junior exploration company focused on critical minerals (REE, Copper, Gold) in Sweden and Ontario, Canada.
  • Flagship Project: Bastnäs Project (Sweden). Multi-metal skarn/IOCG potential with REE overprint.
  • Secondary Projects: Clay-Howells West (Ontario - REE), Sala Silver-Zinc (Sweden - LOI), Bäckegruvan nr 1 (Sweden - IOCG/Copper).
Read the original news release →

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