Northwire Canada EditionMonday, August 3, 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

Goldstorm Metals begins MT survey at Crown

GSTM · Price

Executive Summary

  • Goldstorm Metals completed an induced polarization (IP) survey and is conducting a magnetotelluric (MT) survey on its 100 % owned Crown property to refine targets in the Copernicus zone and Orion Spine.
  • The company will execute a ~1,200‑metre diamond drill program at the Electrum property this fall, targeting high‑grade gold–silver intercepts previously identified (e.g., 440.8 g/t Au over 0.52 m).
  • Recent intensive prospecting yielded 527 grab, chip and channel samples from Crown; results are expected within three weeks to inform drill target selection for the 2026 season.

Key Details

  • Crown Property Geophysics – IP survey completed; MT survey underway across ~16,000 ha adjacent to Seabridge Gold’s KSM project and Newmont’s Brucejack mine.
  • Survey Objectives – Advance exploration of the 1.4‑km Copernicus zone and the 6‑km Orion Spine; results will guide drill target prioritization.
  • Sample Program – 527 grab, chip, and channel samples collected from Crown (including Orion Spine); laboratory analyses pending (expected in ~3 weeks).
  • Electrum Drill Program (Fall 2025) – Planned total of ~1,200 m in six holes (HQ & NQ2) using a track‑mounted drill; targets high‑grade zones identified in 2023–2024 drilling and historic work.
  • Key Historical Intercepts:
  • EL‑06‑18: 440.8 g/t Au and 400.0 g/t Ag over 0.52 m
  • EL‑07‑31: 31.40 g/t Au and 19.0 g/t Ag over 2.0 m
  • EL‑23‑08: 57.34 g/t Au and 214.27 g/t Ag over 2.1 m
  • Historical Context – East Gold Mine area produced 3,816 oz Au and 2,442 oz Ag from 45 t of hand‑selected ore (1939–1965); Tudor Gold Corp. chip sample returned 101.60 g/t Au and 20,334 g/t Ag.
  • Logistics – Excellent road access across Electrum allows all drill holes to be collared from existing roads; drill pads to be constructed for the 2026 season.
  • Qualified Person – Ken Konkin, PGeo, President & CEO (NI 43‑101).

Notable Quotes

“As we await the results of the IP and MT surveys … Goldstorm will continue to advance exploration efforts with a 1,200‑metre diamond drill program at the Electrum property.” – Ken Konkin, President & CEO.

Read the original news release →

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