Daily Mining Update — a quick scan of notable mining and natural-resource company announcements from the last 24–48 hours, with links to original sources.
1) Lundin Gold: further high-grade results at FDNS and FDN East; development advancing
- Lundin Gold reported additional high-grade drill intercepts from conversion and exploration drilling around the Fruta del Norte (“FDN”) mine, including FDNS exploration results such as 108.61 g/t Au over 11.75 m, and an FDN East intercept of 236.62 g/t Au over 3.95 m. (Lundin Gold news release)
- The company also said it has commenced underground development from FDN toward FDN East to improve drill access and support potential future production. (Lundin Gold news release)
2) Jaguar Mining: high-grade gold intersections at Faina (Turmalina Mine complex)
- Jaguar Mining reported initial drilling at the Faina orebody (Turmalina Mine complex) intersected multiple high-grade gold zones, including 5.39 m at 11.88 g/t Au (FAI0178) and 3.13 m at 22.46 g/t Au (FAI0182). (Jaguar Mining release (Newswire))
- The company also noted preliminary industrial processing results from June indicating gold recoveries of approximately 70% for Faina ore (vs. 55% observed in prior lab and pilot testing), while emphasizing ongoing monitoring is needed. (Jaguar Mining release (Newswire))
3) Canada Nickel: extends repayment date on US$32M Auramet loan
- Canada Nickel said it extended the repayment date of its US$32 million loan facility with Auramet from August 9, 2026 to November 9, 2026. (PR Newswire / Canada Nickel)
- In connection with the extension, the company said it will pay an extension fee of US$856,288 and grant 5,500,000 one-year warrants to Auramet with an exercise price of $1.52, subject to TSX Venture Exchange approval. (PR Newswire / Canada Nickel)
4) Benton Resources: plans Great Burnt copper-gold project spin-out + concurrent financing
- Benton Resources announced a letter agreement with privately held Silverback Metals Corp. to create a new public company (“Spinco”) intended to hold several mineral projects including Benton’s Great Burnt Project, with Spinco to be funded via a concurrent private placement targeted at $10 million. (Newsfile via The Globe and Mail)
- The company said it intends to distribute substantially all Spinco shares pro rata to Benton shareholders as a return of capital, subject to shareholder, court, and TSX-V approvals. (Newsfile via The Globe and Mail)
5) Storm Exploration: closes oversubscribed C$2.95M private placement
- Storm Exploration said it closed a non-brokered private placement raising gross proceeds of C$2,953,724, including C$1,543,524 in charity flow-through. (Storm release (via Mining Stock Education / ACCESS Newswire))
- Proceeds are intended to help finance drilling at the company’s 100%-owned Gold Standard Project in northwestern Ontario, among other exploration and working capital uses. (Storm release (via Mining Stock Education / ACCESS Newswire))
6) GT Resources: receives 10-year exploration permit for Canalask copper-nickel project (Yukon)
- GT Resources announced it received a Class III exploration permit (valid for 10 years) for its road-accessible Canalask Copper–Nickel Project in the Yukon, which the company said expands allowed activities and enables new trail construction for additional drilling access. (Newsfile via Yahoo Finance)
Note: This article is for informational purposes only and is not financial advice.
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