Daily Mining Update (June 16, 2026) — A selection of notable mining and natural-resource company announcements from the last 24–48 hours, including drill results, a uranium exploration update, and a bought-deal financing.
Newcore Gold: additional Enchi (Ghana) drill results; PFS timeline reiterated
- Newcore Gold reported additional diamond drilling results from the Sewum deposit at its Enchi Gold Project in Ghana, including 24.0 m at 1.37 g/t Au (including 12.0 m at 1.93 g/t Au) in hole SWDD121. (GlobeNewswire)
- The company said its Pre-Feasibility Study (PFS) remains on track for completion by the end of June 2026. (GlobeNewswire)
Troilus Mining: Connector Zone results aimed at mine-plan optimization (Quebec)
- Troilus Mining reported Connector Zone drill results at its Troilus Project in north-central Quebec, highlighting intercepts including 37 m at 1.15 g/t AuEQ (including 5 m at 3.84 g/t AuEQ) in hole J-26-359. (GlobeNewswire)
- The company said the completed Connector drill program was designed to support mine plan optimization by targeting inferred mineralization within reserve pit areas and testing up-plunge extensions of high-grade trends between the formerly mined Z87 and J open pits. (GlobeNewswire)
AbraSilver (Teck earn-in): long-interval copper-gold-molybdenum intercept at La Coipita (Argentina)
- AbraSilver reported 2026 drill results from the La Coipita copper-gold-molybdenum project in San Juan Province, Argentina, which is being funded/operated by a Teck subsidiary under an earn-in and joint venture agreement. (AbraSilver)
- Highlights included 747.5 m grading 0.69% Cu, 0.06 g/t Au and 142 ppm Mo in hole DDH-LC26-010 (from 396 m to 1,143.5 m downhole), with higher-grade sub-intervals reported within the broader intercept. (AbraSilver)
Standard Uranium: Davidson River (Athabasca Basin) drilling update; elevated radioactivity in first hole
- Standard Uranium said drilling began June 1, 2026 at its Davidson River Project in Saskatchewan’s southwest Athabasca Basin, with 900 metres completed to date. (Yahoo Finance (Newsfile))
- In the first drill hole of the program (DR-26-040, Bronco corridor), the company reported a total of three metres of anomalous radioactivity (>300 cps) with peaks up to 540, 780 and 1,650 cps from 464.0 m to 466.0 m. (Yahoo Finance (Newsfile))
Arras Minerals: C$15.0M bought-deal financing for Kazakhstan-focused exploration
- Arras Minerals announced a bought-deal financing for gross proceeds of C$15,000,800, consisting of 11,030,000 common shares at C$1.36 per share. (Investing News Network)
- The company said proceeds are intended to fund exploration and development of its properties in Kazakhstan and for working capital and general corporate purposes (as described in its offering document). (Investing News Network)
Disclaimer: This article is for informational purposes only and is not financial advice.
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