Northwire Canada EditionWednesday, July 29, 2026
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NAM 0.250 +0.0% CRD 0.065 +8.3% OLA 12.90 −3.7% CG 22.70 −2.5% EQX 12.89 −4.0% FM 37.51 −2.3% MNRG 0.080 −11.1% KFR 1.31 +0.8% AUMN 0.275 +0.0% GLB 0.250 +0.0% BHS 0.045 −10.0% EGR 0.025 +0.0% RIO 2.59 −4.1% GEN 0.070 +0.0% MAI 4.39 −2.0% RYR 0.175 +0.0% NAM 0.250 +0.0% CRD 0.065 +8.3% OLA 12.90 −3.7% CG 22.70 −2.5% EQX 12.89 −4.0% FM 37.51 −2.3% MNRG 0.080 −11.1% KFR 1.31 +0.8% AUMN 0.275 +0.0% GLB 0.250 +0.0% BHS 0.045 −10.0% EGR 0.025 +0.0% RIO 2.59 −4.1% GEN 0.070 +0.0% MAI 4.39 −2.0% RYR 0.175 +0.0%
Drill Results

T2 Metals begins fieldwork at Shanghai project

By The Northwire Desk — AI Analysis Sep 24, 2025 · 17:51 TWO · 0.32 T2 Metals Corp.
TWO · Price

Executive Summary

  • T2 Metals Corp. has begun fieldwork at the Shanghai gold‑silver project in Yukon’s Tombstone Gold Belt.
  • Historical trench samples from the site reported high grades (1.1 oz/t Au, 790.5 oz/t Ag) and the company will collect rock chip and soil samples via helicopter‑supported crews.
  • A Class 3 permit is in place, allowing immediate drilling, access construction, and camp establishment.

Key Details

  • Project Scope: Shanghai project covers 27.4 km², located 12 km west of Hecla Mining’s Keno Hill silver mine and midway between the AurMac, Eagle, and Raven intrusion‑related gold deposits.
  • Historical High‑Grade Intercepts:
  • 9.1 m at 1,182.8 g/t Ag, 8.2 % Pb, 7.2 % Zn (underground veins, 1960s Silver Titan Mines).
  • Grab samples from historic trenches: 1.1 oz/t Au, 790.5 oz/t Ag, 0.4 % Pb, 10.4 % Cu.
  • Exploration Plan:
  • Helicopter‑supported team to collect rock chip and soil samples around geochemical anomalies identified in prior sampling campaigns.
  • Field check and sample historic workings (Keno Hill‑style silver‑zinc‑lead‑gold veins).
  • Focus on two zones:
    • Zone 1: Around historical Shanghai silver mine; targets Keno Hill quartzite beneath the Robert Service thrust fault.
    • Zone 2: Areas with multielement and gold soil anomalies suggesting intrusion‑related Au mineralization in Upper Proterozoic Hyland Group rocks.
  • Logistics: Project is 6 km from Banyan Gold’s AurMac camp and 35 km from the Mayo airfield, enabling efficient helicopter support.
  • Permitting: Class 3 permit secured, permitting immediate drilling, access road construction, and camp set‑up.
  • Ownership Structure: Held by T2 Metals under an option with explorer Shawn Ryan (private owner for >20 years).
  • CEO Quote: Mark Saxon emphasized the project’s proximity to infrastructure and high‑grade historic results, noting the combination of historic trench data with modern lidar to identify new undrilled targets.

Notable Quotes

“Shanghai is close to major gold projects, which delivers both high prospectivity and simplified logistics. We have managed to hit the ground running utilizing local helicopter and camp facilities to follow up existing targets.” – Mark Saxon, CEO, T2 Metals Corp.

Read the original news release →

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