The pre-feasibility study models a 12-year commercial mine life and C$127 million in initial capital; the company says its board approved advancing the project.
The Senate passed the Raw Materials Research and Development Council amendment at third reading, while two agriculture proposals cleared first reading.
Source: National Assembly Library Trust Fund (NALTF)
AI-generated symbolic illustration. Symbolic mineral-exploration tools; no actual company, deposit, assay result or reserve is depicted.
The company says its 2026 Shaakichiuwaanaan campaign has covered more than 250 holes with seven rigs; assay results are expected in the first quarter of 2027.
Source: PMET Resources
AI-generated symbolic illustration. Symbolic mineral-exploration tools; no actual company, deposit, assay result or reserve is depicted.
Golden Saddle returned 38.08 metres at 1.47 g/t gold and VG 18.90 metres at 2.53 g/t. The company estimates true widths at 80–95% of core length at Golden Saddle and 90–95% at VG.
The 12-to-15-month Phase 2 program in Ontario calls for three rigs to expand known resources and test new targets; the company says it is funded following a C$17.25 million September financing.
Source: McFarlane Lake Mining Incorporated (GlobeNewswire issuer release)
Three holes returned broad nickel-cobalt and zinc-copper-silver intervals; the company said the drilling tested continuation beneath the open-pit limit of its current resource estimate.
Source: Renforth Resources Inc. (GlobeNewswire issuer release)
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