Northwire Canada EditionSaturday, July 11, 2026
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Drill Results Routine +

Talamore announces initial high grade-drill results from Supremo Extension in its 40,000-metre 2026 drill program at Coffee Gold

High-grade drill intercepts at Coffee Gold validate acquisition thesis, but stock has already priced in the upside.

By The Northwire Desk — AI Analysis Jun 17, 2026 · 07:16 TALA · 9.65 Talamore Mining Corp.
Executive Summary
  • Talamore Mining released initial assay results from the first 15 reverse circulation holes (1,961 metres) of its 40,000-metre 2026 drilling program at the Coffee Gold project in the Yukon.
  • The Supremo Extension zone shows intercepts significantly higher than the current Indicated (1.18 g/t Au) and Inferred (1.72 g/t Au) resource grades.
  • Notable intercepts include 9.28 g/t Au over 3.0 m, 7.06 g/t Au over 3.0 m, and 4.77 g/t Au over 3.8 m.
  • Drilling targets resource conversion (Inferred to Indicated), expansion beyond current pit limits, and scale increase for the ongoing Feasibility Study.
  • Economic parameters from the 2025 resource estimate assume a $2,500/oz gold price with cut-off grades between 0.13 and 0.48 g/t Au.
  • Management notes these are the first assays released since the project's acquisition in late 2025 and the first since 2017.
Material Impact
  • The higher-than-expected grades at Supremo Extension support the company's thesis of expanding the open-pit scale and upgrading resource categories.
  • This directly feeds into the ongoing Feasibility Study, potentially improving project economics and extending mine life.
  • However, the results represent only the initial phase (15 holes out of a planned 125+ holes for the year). The broader impact on the final resource estimate and feasibility study remains to be seen.
  • The stock has already appreciated over 800% from its 52-week low of $1.00 to a high of $11.79, suggesting the market has already anticipated positive exploration outcomes following the acquisition.
TALA · Price
Company Overview
  • Talamore Mining is an exploration and development company focused on its wholly-owned Coffee Gold project in Canada's Yukon Territory.
  • The company acquired the project in late 2025 and is currently conducting a 40,000-metre drilling program to upgrade and expand the resource base.
  • The project features multiple gold targets (Supremo, Latte, Kona, Kazar) across a large 70,000-hectare property.
  • The primary initiative is converting Inferred resources to Indicated and expanding the open-pit scale to support a Feasibility Study.
Read the original news release →

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