Northwire Canada EditionMonday, November 2, 2026
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Gold 3,898.90 −3.3% Silver 49.28 −5.9% Copper 6.48 −1.8% Oil 104.12 +2.1% Palladium 987.70 −1.7% HCH 1.25 −3.9% CRD 0.040 −20.0% ENEV 0.005 +0.0% MOON 5.23 −7.9% ORE 2.56 −4.8% ASE 0.620 −14.5% LKY 0.005 + SOI 0.165 −5.7% ECR 0.190 −5.0% OZ 0.240 −9.4% ELEC 0.110 +4.8% WHY 0.260 −3.7% PHD 0.030 −33.3% OMI 0.220 −10.2% EML 0.105 +0.0% TECT 1.37 −2.8% Gold 3,898.90 −3.3% Silver 49.28 −5.9% Copper 6.48 −1.8% Oil 104.12 +2.1% Palladium 987.70 −1.7% HCH 1.25 −3.9% CRD 0.040 −20.0% ENEV 0.005 +0.0% MOON 5.23 −7.9% ORE 2.56 −4.8% ASE 0.620 −14.5% LKY 0.005 + SOI 0.165 −5.7% ECR 0.190 −5.0% OZ 0.240 −9.4% ELEC 0.110 +4.8% WHY 0.260 −3.7% PHD 0.030 −33.3% OMI 0.220 −10.2% EML 0.105 +0.0% TECT 1.37 −2.8%
Drill Results Routine +

Upside Gold Provides Operational Update and Advances Technical Strategy at the Kena Gold-Copper Project

Upside Gold Maps 4,000-Metre Drill Campaign Toward 2027 Resource, But Dilution and Execution Risks Loom Over Pre-Revenue Kena Project

By The Northwire Desk — AI Analysis Jun 03, 2026 · 09:00 UG · 1.15 Upside Gold Corp.
Executive Summary
  • Upside Gold Corp. released an operational update on June 3, 2026, detailing its technical strategy to achieve an updated NI 43-101 mineral resource estimate by 2027 at the Kena Gold-Copper Project.
  • The company confirmed a 2026 diamond drill program of approximately 4,000 metres, scheduled to commence in June 2026.
  • The program will focus on step-out drilling and target development for near-resource mineralization and emerging copper-gold zones.
  • Management highlighted the integration of ~5,000 metres of historical drilling data completed since 2021, which has been used to build a new 3D geological model.
  • The update notes the evaluation of historic copper and silver analyses, previously excluded from the gold-only resource, to assess their contribution to the broader Kena system.
  • Multiple priority drill targets have been identified for the 2026-2027 programs based on the newly compiled district-scale model.
Material Impact
  • The June 3 update is a direct follow-up to the May 27 announcements regarding the fully permitted drill program and the $5 million brokered private placement.
  • It confirms that the company is executing on its stated roadmap without deviation, but introduces no fundamentally new catalysts or unexpected data.
  • The focus on integrating historical data and targeting a 2027 resource estimate aligns with previous management guidance and the MD&A outlook.
  • Given that the market was already aware of the June drilling commencement and the 2027 resource target, this release serves as procedural confirmation rather than a market-moving event.
  • The news is incremental and expected, fitting the criteria for a Routine - Positive rating. It validates management's operational pacing but does not alter the risk/reward profile materially.
UG · Price
Company Overview
  • Upside Gold Corp. is a pre-revenue exploration company focused on the Kena Gold-Copper Project in southeastern British Columbia, approximately 7 km southwest of Nelson.
  • The project sits within the historic Kootenay Arc and covers 10,114.8 hectares of mineral claims plus 92 hectares of Crown grants.
  • Historical resource estimates (not currently classified as current resources) indicate 32.1 million tonnes at 0.544 g/t Au (Indicated) and 177.5 million tonnes at 0.486 g/t Au (Inferred).
  • Management is working under an option agreement with West Mining, requiring $3.5 million in exploration expenditures by January 2028 to earn 100% ownership.
  • The company recently acquired adjacent high-grade claims (Venus-Juno Group) to strengthen project continuity, subject to a 0.5% NSR royalty.
Read the original news release →

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Jun 12, 2026 · 08:52

Upside Gold Secures $5M to Fund 4,000m BC Drill Program Amidst Pre-Revenue Exploration Phase

Financings May 27, 2026 · 09:30

Upside Gold Secures Permit for Kena Drilling, Capitalizing on Recent Financing to Advance High-Grade Copper-Gold Targets

Drill Results May 21, 2026 · 16:36

Upside Gold Secures Runway for Kena Expansion Amidst Dilution Concerns

Financings May 13, 2026 · 08:30

Upside Gold Corp.

M&A / Property Apr 27, 2026 · 02:00

Upside Gold Expands Kena Footprint With High-Grade Historical Claims

M&A / Property Apr 07, 2026 · 08:30

Upside Gold’s new 3‑D model unlocks a 7 km gold‑copper system, sharpening drill targets

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