Northwire Canada EditionMonday, October 19, 2026
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GOLD 4181.10 +0.3% SILVER 57.30 +0.3% COPPER 6.57 +0.3% OIL 99.02 +1.1% PALLADIUM 1118.60 −0.9% GBU 0.095 +0.0% ATY 0.225 +4.7% GRDM 0.215 +0.0% PPM 0.300 +0.0% GZD 0.040 −11.1% CAN 0.060 +0.0% BGF 0.025 +0.0% MSV 0.570 +0.0% CCMM 0.485 +0.0% MON 0.385 −6.1% OMI 0.245 −2.0% BUFF 0.800 +2.6% FEO 0.630 −3.1% LIB 0.710 −1.4% NPR 0.620 +0.0% QZM 0.380 +0.0% GOLD 4181.10 +0.3% SILVER 57.30 +0.3% COPPER 6.57 +0.3% OIL 99.02 +1.1% PALLADIUM 1118.60 −0.9% GBU 0.095 +0.0% ATY 0.225 +4.7% GRDM 0.215 +0.0% PPM 0.300 +0.0% GZD 0.040 −11.1% CAN 0.060 +0.0% BGF 0.025 +0.0% MSV 0.570 +0.0% CCMM 0.485 +0.0% MON 0.385 −6.1% OMI 0.245 −2.0% BUFF 0.800 +2.6% FEO 0.630 −3.1% LIB 0.710 −1.4% NPR 0.620 +0.0% QZM 0.380 +0.0%
Drill Results Routine +

Thistle Resources Announces Certified Assay Results of 1.65 g/t Au over 20.71 Meters, Including 3.36 g/t Au over 7.82m, for Drill Hole 21TRC-AU007, at Middle River Gold Project in the Bathurst Mining Camp, New Brunswick

Thistle tests a 7km gold trend at Middle River despite critically constrained liquidity.

By The Northwire Desk — AI Analysis Jun 10, 2026 · 08:54 TRCG · 0.2 Thistle Resources Inc.
Executive Summary
  • Thistle Resources Inc. announced certified assay results for drill hole 21TRC-AU007 at its Middle River Gold Project in the Bathurst Mining Camp, New Brunswick.
  • The 74-meter shallow hole intersected 20.71 meters at 1.65 g/t Au, including 13.82 meters at 2.24 g/t Au and 7.82 meters at 3.36 g/t Au.
  • Results confirm the consistency of the shallow mineralized zone and validate the company's 2026 exploration strategy.
  • The company is targeting expansion along a 7-kilometre mineralized "S-Trend" and testing deeper, high-chargeability geophysical targets.
  • Permits for the 2026 Phase 3 Drill Program have been received, with a planned 4,000-meter program targeting 26 drill sites.
Material Impact
  • The drill result is incremental and expected as part of the announced Phase 3 program.
  • It reinforces the geological model but does not define mineral resources or reserves.
  • The company remains in a pre-revenue exploration stage with no operating income.
  • The news does not alter the fundamental risk profile, liquidity constraints, or valuation drivers.
  • Market reaction is likely to be muted, consistent with typical junior explorer drill updates.
TRCG · Price
Company Overview
  • Thistle Resources Inc. is a pre-revenue mineral exploration company focused on the Bathurst Mining Camp in New Brunswick and Nova Scotia.
  • Portfolio includes the Middle River Gold Project, Brunswick Antimony Project, Middle River VMS, Alba Forks Gold, and Celtic Highland Gold.
  • The Middle River Gold Project features a shallow upper zone (surface to 130m) and a newly identified lower zone at ~400m depth with high chargeability.
  • Independent geophysical surveys have identified a 7km mineralized "S-Trend" and over 50 high-priority drill targets with permits already in hand.
  • The Brunswick Antimony Project sits adjacent to the former Brunswick #12 Mine and has returned high-grade trench assays up to 10.3% antimony, 1,300 g/t silver, and 2.32 g/t gold.
Read the original news release →

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