Technical Study
Vanguard Mining Corp. Files Maiden NI 43-101 Technical Report Highlighting Gold-Copper Porphyry-Epithermal Potential at the Brussels Creek Project, British Columbia
Vanguard Mining Files Maiden NI 43-101 for Brussels Creek as Portfolio Validation Continues Amidst Price Correction

Executive Summary
- Maiden Technical Report: On April 10, 2026, Vanguard Mining filed its first independent NI 43-101 technical report for the Brussels Creek Project in British Columbia.
- Geological Model: The report confirms a gold-copper porphyry-epithermal system with soil geochemistry showing up to 88 ppb Au and 221 ppm Cu.
- Exploration Plan: A Phase 1 exploration program is proposed, budgeted at approximately $155k, involving IP surveys, expanded soil sampling, and mapping to advance drill-ready targets.
- Ownership: Vanguard holds 100% of the project with a 2% NSR royalty on mineral production.
- Contextual Progression: This follows the March 30, 2026 filing of an NI 43-101 for the Redonda Copper-Molybdenum Project, which confirmed a large-scale system with >500m depth intercepts.
- Management Commentary: CEO David Greenway highlighted the filing as a significant milestone confirming the scale of opportunity at Brussels Creek.
Material Impact
- Validation vs. Valuation: The NI 43-101 filing validates the geological model for Brussels Creek, similar to the Redonda confirmation one month prior. However, it does not announce an inferred resource estimate or economic study, which limits immediate valuation upside compared to a resource announcement.
- Market Context: The stock has corrected significantly from its January 2026 high of $0.55 to current levels around $0.19. This technical report is likely viewed as incremental progress rather than a fundamental shift in value, given the prior drill programs were already priced into the earlier rally.
- Capital Efficiency: The proposed Phase 1 budget ($155k) is relatively small compared to the company's cash position (estimated ~$3.4M after March financing), suggesting low immediate dilution risk for this specific project phase.
- Portfolio Diversification: Confirms a second major asset class (Gold-Copper-Palladium at Brussels Creek) alongside Copper-Molybdenum (Redonda) and Uranium (Paraguay/Saskatchewan), reducing single-asset dependency but increasing management complexity.
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Company Overview
- Brussels Creek Project (BC): 100% owned gold-copper-palladium porphyry-epithermal system near Kamloops; adjacent to New Gold's New Afton Mine. Maiden NI 43-101 filed April 2026.
- Redonda Copper-Molybdenum Project (BC): 50% owned (option to acquire remaining 50%) large-scale porphyry system; NI 43-101 filed March 2026 confirming >500m depth mineralization.
- Yuty Prometeo-San Jose Uranium Project (Paraguay): 85% owned uranium project in the Paraná Basin; environmental licenses secured, awaiting Prospection Permit.
- Nucleon Uranium Project (Saskatchewan): Acquired November 2025; located in the Athabasca Basin near major discoveries like Fission's PLS and NexGen's Arrow.
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Jun 29, 2026 · 03:05