Northwire Canada EditionSunday, November 8, 2026
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Gold 4,079.60 −0.8% Silver 51.94 −0.8% Copper 6.24 −0.5% Oil 90.83 +0.3% Palladium 1,017.10 −2.6% KRN 0.260 −7.1% GSKR 2.84 +5.6% ADE 0.125 +4.2% NRM 0.055 +0.0% BBB 0.520 −1.9% LGD 2.09 +1.9% DEC 0.110 +0.0% LCE 0.200 +0.0% NILI 0.515 −1.0% CDE 21.85 +6.7% CAN 0.045 +0.0% LORD 0.100 +0.0% HBM 29.49 +2.3% ELEF 0.265 +120.8% MUN 0.300 +0.0% SAGA 0.400 +6.7% Gold 4,079.60 −0.8% Silver 51.94 −0.8% Copper 6.24 −0.5% Oil 90.83 +0.3% Palladium 1,017.10 −2.6% KRN 0.260 −7.1% GSKR 2.84 +5.6% ADE 0.125 +4.2% NRM 0.055 +0.0% BBB 0.520 −1.9% LGD 2.09 +1.9% DEC 0.110 +0.0% LCE 0.200 +0.0% NILI 0.515 −1.0% CDE 21.85 +6.7% CAN 0.045 +0.0% LORD 0.100 +0.0% HBM 29.49 +2.3% ELEF 0.265 +120.8% MUN 0.300 +0.0% SAGA 0.400 +6.7%
Drill Results

Selkirk Copper Completes Phase 1 Drill Program and Assumes Site Responsibility for Minto Copper-Gold-Silver Mine

Selkirk Copper Advances Minto Restart Plan with Drill Completion and Site Takeover

By The Northwire Desk — AI Analysis Apr 15, 2026 · 07:01 SCMI · 1.47 Selkirk Copper Mines Inc.
Executive Summary
  • Drill Program Completion: Selkirk Copper has completed its Phase 1 drill program at the Minto Mine, totaling 52,288 metres across 175 holes (exceeding the original 50,000m plan).
  • New Discovery: A new mineralized lens was discovered in Area 118, located approximately 120 meters below previously known resources.
  • Operational Control: As of April 1, 2026, the company assumed site operations and care-and-maintenance responsibilities from the Yukon Government.
  • Next Steps: Geological modelling for an updated Mineral Resource Estimate is expected in June 2026, followed by a Preliminary Economic Assessment (PEA) mid-2026.
  • Restart Timeline: The site transition supports a potential restart decision targeted for mid-2027.
Material Impact
  • Execution Confirmation: The completion of the drill program validates the company's ability to execute its exploration plan, which was previously scheduled for early 2026. This reduces execution risk regarding resource definition.
  • Operational Shift: Assuming site responsibility from the Yukon Government is a tangible milestone that moves the project from "care and maintenance" status to active development control. However, this also transfers operational liabilities and costs to the company.
  • Resource Upside: The discovery of a new lens in Area 118 adds potential upside to the resource model prior to the PEA. However, only 48% of assay results have been released as of April 15, meaning full economic implications are not yet quantified.
  • Market Expectations: Given the significant price appreciation from $0.16 (April 2025) to $1.47 (April 2026), much of this progress appears priced in. The news confirms existing guidance rather than introducing a fundamentally new catalyst like a PEA result or Feasibility Study.
  • Financing Context: This follows a $20 million bought-deal financing on April 9, 2026, which provides capital for the development phase but introduces dilution risk.
SCMI · Price
Company Overview
  • Company Name: Selkirk Copper Mines Inc. (formerly Venerable Ventures Ltd.).
  • Flagship Project: Minto Copper-Gold-Silver Mine, located in central Yukon (~250 km north of Whitehorse).
  • Project Status: Restart phase; transitioning from care and maintenance to active development.
  • Infrastructure: Existing 4,100 t/d processing plant, open-pit and underground mine infrastructure, power line, water treatment facilities, and road/barge access valued at >C$300M historically.
  • Production Target: First production anticipated mid-2028 with a design throughput of 4,100 tpd (~1.5 Mtpa).
  • Mine Life Goal: Targeting a 12–15 year operational life post-restart.
Read the original news release →

More from Selkirk Copper Mines Inc.

Nov 05, 2026 · 17:10

Selkirk confirms prior PEA economics and restart plan remain unchanged following the filing of its technical report.

Technical Study Oct 21, 2026 · 08:32

Selkirk released a paid recap of previously published assay results, providing no new geological data or updated resource estimates for its projects.

Technical Study Oct 15, 2026 · 07:01

Selkirk’s infill drilling at the Selkirk deposit returned a best grade-width hole of 12.4 g/t over 1.5 metres within the known resource.

Drill Results Sep 29, 2026 · 07:01

Selkirk’s infill drilling at the Selkirk deposit revealed a high-grade 99th-percentile hole, confirming robust mineralisation without changing total tonnes.

Drill Results Sep 22, 2026 · 07:01

Selkirk’s preliminary economic assessment delivers a C$494 million net present value at planning prices for its project.

Resource Estimate Sep 14, 2026 · 23:36

Selkirk’s NI 43-101 filing confirms the July MRE with no material changes to the Minto resource.

Resource Estimate