Northwire Canada EditionSaturday, August 1, 2026
Northwire
S 0.140 +0.0% BNKR 4.40 −2.2% QRO 0.045 +0.0% VCT 0.075 +36.4% PPP 1.15 +0.9% LMG 0.390 +0.0% GRDM 0.140 +0.0% ABRA 13.58 −4.1% WHY 0.295 +1.7% HHH 3.94 −0.2% COS 0.060 +0.0% NOB 0.065 −23.5% MEK 0.055 +0.0% TGOL 0.105 −4.5% FCI 0.400 −7.0% SGQ 0.350 +0.0% S 0.140 +0.0% BNKR 4.40 −2.2% QRO 0.045 +0.0% VCT 0.075 +36.4% PPP 1.15 +0.9% LMG 0.390 +0.0% GRDM 0.140 +0.0% ABRA 13.58 −4.1% WHY 0.295 +1.7% HHH 3.94 −0.2% COS 0.060 +0.0% NOB 0.065 −23.5% MEK 0.055 +0.0% TGOL 0.105 −4.5% FCI 0.400 −7.0% SGQ 0.350 +0.0%
Drill Results

Junior Miners Take Center Stage as Record Gold Prices Trigger Search for High-Grade Discovery

GSKR · Price

Executive Summary

  • Golden Goose Resources signed a definitive agreement to acquire up to 100 % of the Gran Esperanza Project in Río Negro Province, Argentina – a 44,400‑ha district‑scale epithermal gold‑silver property.
  • Tectonic Metals reported an exceptional 364 g·m intercept (9.94 g/t Au over 36.58 m) at Chicken Mountain, Alaska, with 100 % drill success across 176 holes.
  • Goldsky Resources entered a definitive agreement to acquire the remaining 55 % of the Barsele Gold Project in Sweden for US$20 M cash, 75.5 M shares and a 2 % NSR royalty, bringing ownership to 100 %.

Key Details

  • Golden Goose – Gran Esperanza Acquisition
  • Definitive agreement with Valcheta Exploraciones S.A.S.; option to acquire up to 100 % interest.
  • Property size: ~44,400 ha; located in Los Menucos District, North Patagonian Massif, Argentina.
  • Historical work: >10 km of low‑sulfidation epithermal veins exposed at surface, vein widths 1–5 m.
  • Highest historic grades: channel samples up to 24.4 g/t Au; rock‑chip sample of 14.34 g/t Au collected Dec 2025.
  • Infrastructure: 2 km from paved highway, year‑round access, adjacent to Southern Copper’s ready‑to‑drill target.

  • Tectonic Metals – Chicken Mountain Drill Results

  • Intercept: 364 g·m (9.94 g/t Au over 36.58 m; includes 15.73 g/t Au over 22.86 m and 104.23 g/t Au over 3.05 m).
  • Drill program: 176 holes, 100 % success, 61 % ending in mineralization; >3 km continuous strike length with near‑surface mineralization.
  • Additional work: assay results pending from 34 more holes (18,373 m total drilled in 2025).

  • Goldsky Resources – Barsele Gold Project Acquisition

  • Purchase price: US$20 M cash + 75.5 M shares + 2 % NSR royalty for remaining 55 % interest from Agnico Eagle.
  • Resulting ownership: 100 % of Barsele (≈25,000 ha) in northern Sweden.
  • Resources: 320,781 oz Indicated Au; 1.83 M oz Inferred Au.
  • Funding context: follows C$80 M fundraising (Sept 2025). Agnico Eagle to become ~32.5 % shareholder and provide nine‑month transition support; closing expected Q2 2026.

  • Benz Mining – Icon Discovery Drilling (Western Australia)

  • Highlight result: 13 m at 29.0 g/t Au from 60 m depth.
  • System scale: 200 m intercepts at 1.0 g/t Au; corridor >3 km strike, up to 400 m wide, only 30 % tested.
  • Planned 2026 program: systematic drilling to depths of 300‑500 m across the Icon‑Tuxedo trend.

  • Cassiar Gold – Newcoast Regional Prospect (British Columbia)

  • Drill hole 25NC‑017: 15.7 m at 3.80 g/t Au, including 176.5 g/t Au over 0.3 m.
  • 2025 program: 7,308 m in 20 holes; identified new higher‑grade, visible gold‑bearing structure extending mineralization.
  • Future work: assess unmined high‑grade zones from historic underground mines (≈315,000 oz Au at 10–20 g/t) and evaluate tailings for metallurgical testing.

Notable Quotes

  • “Signing the Definitive Agreement for Gran Esperanza represents an important milestone and transformative step for Golden Goose.” – Dustin Nanos, CEO, Golden Goose Resources.
  • “There aren't many times in your career when you can announce a 364 gram‑meter intercept and follow that with ‘...and by the way, the project boasts a 100% drill success…’ ” – Tony Reda, President & CEO, Tectonic Metals.
  • “The acquisition of the remaining 55% interest in the Barsele project from Agnico is a transformational milestone…” – Russell Bradford, President & CEO, Goldsky Resources.

Materiality Assessment: Material – Positive (significant acquisitions and high‑grade drill results likely to impact share price and investor perception).

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