Northwire Canada EditionTuesday, September 15, 2026
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GOLD 4351.90 −1.3% SILVER 63.76 −2.2% COPPER 6.40 −2.3% OIL 101.39 +1.3% PALLADIUM 1296.50 −2.1% QGR 0.200 +0.0% MSC 0.015 −25.0% GENM 0.705 −0.7% URC 3.89 +0.0% SHL 0.400 +4.6% AZS 0.750 −8.5% FL 0.415 +0.0% HMMC 8.29 −1.1% NAR 0.260 −5.5% GCN 0.030 −14.3% RIO 3.54 −1.4% EVI 0.430 +2.4% CTV 0.110 −4.3% ECOR 3.10 −4.0% TLG 2.20 +0.0% UCU 2.59 +2.8% GOLD 4351.90 −1.3% SILVER 63.76 −2.2% COPPER 6.40 −2.3% OIL 101.39 +1.3% PALLADIUM 1296.50 −2.1% QGR 0.200 +0.0% MSC 0.015 −25.0% GENM 0.705 −0.7% URC 3.89 +0.0% SHL 0.400 +4.6% AZS 0.750 −8.5% FL 0.415 +0.0% HMMC 8.29 −1.1% NAR 0.260 −5.5% GCN 0.030 −14.3% RIO 3.54 −1.4% EVI 0.430 +2.4% CTV 0.110 −4.3% ECOR 3.10 −4.0% TLG 2.20 +0.0% UCU 2.59 +2.8%
Drill Results

Tribeca Resources Provides Update on Field Activities in Chile and Engages Torrey Hills Capital

Drilling Preparations Underway at La Higuera While Jiguata Fieldwork Confirms Large-Scale Alteration

By The Northwire Desk — AI Analysis Feb 12, 2026 · 06:00 TRBC · 0.22 Tribeca Resources Corporation
Executive Summary

The February 12, 2026, news release provides an operational update on two primary Chilean assets: the Jiguata Porphyry project and the La Higuera IOCG project. At Jiguata, the company has completed initial fieldwork including geological mapping, soil/rock sampling, and satellite data acquisition, which confirmed multiple large alteration systems. At La Higuera, preparations are finalized for a Phase 3 drill program at the Chirsposo Sur target, scheduled to commence in March 2026. Additionally, the company engaged Torrey Hills Capital for investor relations services (USD $4,500/month) and granted 445,000 stock options to consultants.

Material Impact

The news is Routine - Positive. While it confirms that the company is executing the exploration strategy outlined following its October 2025 C$6.5 million financing, it does not contain new assay results or a resource estimate.

  • Execution of Strategy: The commencement of drilling at La Higuera in March 2026 is in line with the timeline projected in December 2025. This shows management is meeting operational milestones.
  • Jiguata Validation: The confirmation of "multiple large alteration systems" at Jiguata is a necessary first step, but "alteration" does not equal "mineralization." Given the heavy 5-year option payment structure (US$14.45M final payment), the bar for success at Jiguata is extremely high.
  • IR Engagement: The hiring of an IR firm and the granting of options suggest management is looking to build retail/institutional momentum ahead of the upcoming drill program, possibly to support the stock price against the significant warrant overhang from the 2025 financing.
TRBC · Price
Company Overview

Tribeca Resources is focused on copper-gold discoveries in the coastal IOCG belt and the Porphyry belt of Chile. - Flagship Project: La Higuera IOCG Project. The Gaby discovery within this project is the primary value driver, with a current strike length of 1.4km. - Growth Project: Jiguata Property. A large 10,000-hectare porphyry copper-molybdenum exploration target. It is located 120km north of the Collahuasi mine.

Read the original news release →

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Tribeca Resources prepares for drilling at La Higuera

Production / Operations