Northwire Canada EditionFriday, July 10, 2026
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TLO 5.37 +5.7% BNKR 4.88 +1.7% GG 2.25 +3.2% MJS 0.100 +5.3% PAAS 62.54 +3.6% PE 0.230 +0.0% SGML 17.19 +4.8% LAR 10.34 −1.1% NED 0.025 +0.0% GEN 0.080 +0.0% TVI 0.060 +0.0% SKYG 0.025 −37.5% WRLG 0.660 +6.5% FFU 0.120 −7.7% LOD 0.310 +3.3% CBI 0.110 +0.0% TLO 5.37 +5.7% BNKR 4.88 +1.7% GG 2.25 +3.2% MJS 0.100 +5.3% PAAS 62.54 +3.6% PE 0.230 +0.0% SGML 17.19 +4.8% LAR 10.34 −1.1% NED 0.025 +0.0% GEN 0.080 +0.0% TVI 0.060 +0.0% SKYG 0.025 −37.5% WRLG 0.660 +6.5% FFU 0.120 −7.7% LOD 0.310 +3.3% CBI 0.110 +0.0%
Drill Results Routine +

Selkirk Copper's Final Phase 1 Drill Program Results Deliver High-Grade Mineralization Intersected Across Five Target Areas, and Rapid Progress on the Phase 2 Drill Program

Selkirk’s Minto Project drilled high-grade intercepts, supporting mid-2027 restart ambitions and a phase two expansion.

By The Northwire Desk — AI Analysis Jun 03, 2026 · 07:01 SCMI · 2.05 Selkirk Copper Mines Inc.
Executive Summary
  • Selkirk Copper Mines released the final assay results from its Phase 1 drill program (August 2025–April 2026) at the Minto Project, confirming high-grade copper-gold-silver intersections across five primary target areas.
  • Notable intercepts include 4.39% Cu, 7.60 g/t Au, 21.07 g/t Ag (10.22% CuEq) over 4.1 m in Area 118, and 3.77% Cu, 6.74 g/t Au, 23.68 g/t Ag (8.99% CuEq) over 3.8 m at Minto East (>550m depth).
  • The company has initiated a 50,000-metre Phase 2 drill program, with 14,000 metres completed in 59 holes by June 1, 2026 (28% complete).
  • Drill productivity has improved to 120 metres per day per rig, up from 94 metres in Phase 1, utilizing four active rigs.
  • Results are being integrated into an updated Mineral Resource Estimate and Preliminary Economic Assessment (PEA), targeting mid-2026 completion to support a feasibility study and mine restart planning.
  • Marketing agreements with Capital Analytica and Native Ads have been renewed/amended for ongoing investor relations and digital outreach.
Material Impact
  • The Phase 1 results are consistent with and build upon previous high-grade announcements from March, April, and May 2026. They confirm the continuity and depth of the mineralized system but do not present a fundamentally new discovery or unexpected geological shift.
  • The progress on Phase 2 drilling and improved daily productivity are operational milestones that align with management's stated timeline for resource expansion and PEA completion.
  • The news validates the company's restart thesis and supports the mid-2027 decision target, but it is an expected, incremental step in a well-publicized exploration campaign.
  • No new strategic partnerships, major capital raises, or regulatory breakthroughs are announced. The market has already priced in the removal of the legacy gold/silver stream and the acquisition of the mine.
  • Consequently, the impact is positive but routine, serving as confirmation rather than a catalyst for a re-rating.
SCMI · Price
Company Overview
  • Selkirk Copper Mines Inc. (formerly Venerable Ventures Ltd.) completed a reverse takeover in October 2025, acquiring a 100% interest in the former Minto copper-gold-silver mine in central Yukon.
  • Flagship Project: Minto Mine, located ~250 km north of Whitehorse on the Klondike Highway.
  • The project features existing infrastructure valued at over $330M, including a 4,100 tpd processing plant, roads, power lines, water treatment facilities, and a 400-person camp.
  • Strategy: Restart the mine targeting a 12-15 year mine life, utilizing a blended open-pit and underground mining plan.
  • The company successfully extinguished a historic $250M gold-silver stream and concentrate off-take agreement, allowing 100% of precious metal revenue to flow to the operator.
  • Targeted timeline: PEA mid-2026, Feasibility Study mid-2027, construction decision H2 2027, first production mid-2028.
Read the original news release →

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