News · Yahoo Finance

Sun Summit Minerals eyes Q1 2027 maiden resource after 99% gold recovery results

CEO Neil Murata says Sun Summit Minerals focuses on gold exploration in British Columbia's Toodoggone district, with the JD project receiving over 90% of capital. The company has drilled 16,000 meters across 55 holes this year, reporting 13 so far and 42 still to come. It expects a maiden resource estimate in Q1 and sees potential for a resource north of 1 million ounces. Gold recoveries reached up to 99%, with almost half coming through the gravity circuit. Murata argues the market cap below CAD 50 million does not reflect this upside, noting that upwards of 200 million has been invested in the district by Freeport and Anglo Gold Ashanti over about 18 months.

Summary written by Upside AI from the original article. Read the source for full details.

Read the original on Yahoo Finance ↗

Keywords

goldminingCanada

Open a keyword to see other news on the same topic.

Related news

  • ProAm Expands Golden Ridge Property to Cover More than 13 Kilometres of a Prospective Gold-Hosting Structural Corridor

    ProAm Explorations (CSE: PMX) has staked over 10 square kilometres of additional ground at its Golden Ridge Gold Project in western New Brunswick, extending its land position to more than 13 kilometres along an untested structural corridor. The Kirkland claim group includes a 300-by-100-metre zone of sericite-carbonate alteration similar to that at the Poplar Mountain gold occurrence, plus historical geophysical anomalies yet to be tested. Drawing on a 2023 study that interprets a deep-seated intrusion as a source of mineralizing fluids at Poplar Mountain, ProAm aims to find additional mineralized centres along the crustal-scale Woodstock Fault. The new 1,077-hectare claim, 12691, is contiguous with the existing project. A New Brunswick Government regional airborne survey is expected to be publicly released in October.

    Yahoo Finance·goldminingCanada
  • Canagold Drills 69.8 g/t Gold (Au) over 2.6m; Within 4.64m Averaging 52.8 g/t Au and 0.83% Antimony (Sb)

    Canagold Resources reported assays from three more holes (NP26-07, NP26-08 and NP26-09) in its recently completed 14-hole, 7,277 m infill and expansion program at the 100%-owned New Polaris Gold Project in northwestern British Columbia. Hole NP26-08 returned 52.8 g/t gold and 0.83% antimony over 4.64 m from 503 m, including 69.8 g/t gold over 2.64 m, while NP26-07 intersected 24.6 g/t gold over 7.33 m from 458.5 m. CEO Catalin Kilofliski said most of these high-grade intervals are not included in the current mineral resource model or mine plan, pointing to significant potential for resource expansion. The company believes the high-grade gold and antimony mineralization may be substantially greater than previously understood.

    Yahoo Finance·goldminingCanada
  • Gold Strike Reports Assays from First Drill Hole at Florin Project, Returning 400 Metres of 0.53 g/t Gold from near Surface, Including 50 m of 1.07 g/t Gold

    Gold Strike Resources Corp. (TSXV: GSR) reported assays from drill hole 26F-01, the first hole of its 11-hole 2026 program at the 100%-owned Florin Gold Project in Yukon. The hole returned 400 metres grading 0.53 g/t Au from 15 m, including 50 m at 1.07 g/t Au from 236 m, with individual 1-metre samples of 11.5 g/t and 10.4 g/t Au. Three deeper intervals, 32 m at 0.23 g/t Au, 50 m at 0.27 g/t Au and 39 m at 0.22 g/t Au, indicate gold mineralization at depths not previously tested by historical drilling. The company said the results support continuity of mineralization within the existing resource footprint, with assays still pending for ten additional holes. Seven holes were designed to expand or define the resource and four to test exploration targets.

    Yahoo Finance·goldminingCanada
  • Kodiak Commences Additional Metallurgical Testing Focused on Flowsheet Development & Optimization

    Kodiak Copper Corp. (TSXV: KDK) has started an additional metallurgical testwork program on its 100%-owned MPD copper-gold porphyry project in southern British Columbia, aimed at flowsheet development and optimization. The program uses four composite samples representing all seven deposits in the MPD Mineral Resource Estimate, covering the Southern Area (South, West and Adit), Northern Area (Man and Dillard), Ketchan and Gate. Testing will cover mineralogy, comminution, gold gravity testwork, flotation optimization, locked cycle testing and concentrate quality, with laboratory work done by Blue Coast Research in Parksville under the supervision of Fuse Advisors. Results are expected in Q1 2027, ahead of a planned resource update in early 2027.

    Yahoo Finance·goldminingCanada
  • Auriginal Reports Updated NI 43-101 Mineral Resource Estimate at Roger: Nearly 1.40 Million Ounces of Gold Inferred at 0.54 g/t Gold - Zone Open to Resource Expansion

    Auriginal Mining Corp. (TSXV: AUME) reported an updated NI 43-101 Mineral Resource Estimate for the Roger gold-copper porphyry deposit in Quebec's Chibougamau district, with an effective date of September 13, 2026. The Roger Zone now hosts an Inferred Mineral Resource of 80.5 million tonnes grading 0.54 g/t Au, containing 1,394,000 oz of gold, 1,046,000 oz of silver and 70.6 million lb of copper, compared with 159,000 oz of Inferred and 297,000 oz of Indicated gold in the 2018 historical estimate prepared for a previous operator. The company attributes the increase to a revised three-dimensional interpretation of the deposit, a modern compiled drill database, a lower cut-off grade and current metal prices. Its 2026 drilling of 14,875 metres in 25 holes extended mineralization 700 m southwest, 400 m northeast and over 150 m at depth, and the next resource update is targeted for Q2 2027.

    Yahoo Finance·goldminingCanada
  • IAMGOLD Provides Update on Côté Gold Mine Operations Ahead of Mine Tourcantechletter.com·goldminingIAMGOLD

Related markets

Gold →

Latest news

  • Not Stocks or Real Estate, This Is the First Group of Shares to Benefit as Interest Rates Fall

    Mr. Đỗ Bảo Ngọc, General Director of Kirin Securities (CSI), says falling interest rates will affect sectors differently. Construction and infrastructure construction stand to benefit directly from lower borrowing costs and better disbursement progress, while real estate and securities benefit indirectly and later. Securities shares are notable because they fell sharply during the rate-hike period, but the gains become clear only when liquidity improves and capital flows back. Banks may face pressure on net interest margin (NIM) when they cut lending rates to support businesses, although overall bank profits do not necessarily fall by the same amount.

    CafeF·▲ VNINDEXinterest ratesbanksbrokerages
  • A High-Profile Stock Faces Simultaneous Net Selling by 16 Funds

    HPG remained on the net-selling list for a fourth consecutive month, with 16 funds net selling about 8.3 million shares in September 2026, mainly from PYN Elite, DCDS, DCDE and LVF, according to FiinGroup. Banking was the only sector net bought above VND 1,000 billion (about VND 1,034 billion), while real estate saw net selling of about VND 2,212 billion and financial services about VND 1,347 billion. Funds recorded net outflows of VND 8,600 billion in Q3, the seventh consecutive quarter of withdrawals, bringing nine-month outflows to nearly VND 31,700 billion, up 34.2% year on year. The average return of equity funds fell 6% in Q3, with 87 of 88 funds posting negative results.

    CafeF·HPGinvestment trustscapital flows
  • Gloomy market: investor cash on securities accounts falls to a three-year low

    Investor deposits at securities companies were estimated at about VND 72,000 billion at end-Q3 2026, down over 12% from the previous quarter and the lowest since end-Q2 2023, marking the second straight quarterly decline. Compared with a record of about VND 131,000 billion at end-Q3 2025, balances have shrunk by about VND 59,000 billion, or roughly 45%. The decline is broad: VPS still leads with VND 12,834 billion but fell 11% in the quarter, TCBS dropped more than 31% to VND 6,225 billion, and SSI stands at VND 5,572 billion, while Vietcap rose over 122% to VND 5,067 billion. Average matched trading value on HoSE was only about VND 14,000 billion per session, down about 23% from the previous quarter and 63% year on year, reflecting more cautious investor sentiment.

    CafeF·▼ VNINDEX▼ HCM▼ SSI▼ VCIbrokeragesliquiditycapital flows
  • Q3 2026 securities firm update: big names report "backward" profits, two losses of hundreds of billions emerge in the sector

    Based on 81 securities firms that have reported, total pre-tax profit in Q3 2026 reached about VND 11,000 billion, down 43% year on year, with 58 firms in profit and 23 reporting losses. TCBS led with VND 2,152 billion, up over 6% and its highest level in company history, while SSI earned VND 1,295 billion (down 27%) and VPS VND 1,119 billion (down nearly 20%). Meanwhile, HDS's quarterly profit more than tripled year on year, ABS rose 552%, and VIX's profit plunged nearly 94% to about VND 192 billion. Nine-month cumulative results stayed strong for many, including TCBS up nearly 13%, SSI up 8% and VPS up nearly 27%.

    CafeF·▼ HCM▼ SSI▼ VCI▼ VNDbrokeragesearningsprofits
  • A Key Indicator Hints at the Possibility of VN-Index Entering a “New Wave”

    The State Bank of Vietnam on October 18 asked credit institutions to cut lending rates for priority sectors, and several commercial banks have also cut deposit and lending rates, raising hopes that capital costs will ease. However, Mr. Đỗ Bảo Ngọc, General Director of Kirin Securities (CSI), says a single rate cut is not enough to move money significantly, and the downtrend must be sustained over the medium term. Liquidity is the most important indicator to watch; continued rate cuts alongside stronger trading value in Q4 or early Q1 next year would be a clearer sign that money is returning. Some experts say a sustained uptrend requires liquidity above VND 20,000 billion per session and large-cap stocks leading, conditions not yet met even though P/E and P/B have fallen to low levels. The article argues investors need not wait for VN-Index to break out to find opportunities, but a sharp stock decline alone is not reason enough to buy.

    CafeF·▲ VNINDEXVNINDEXState Bank of Vietnaminterest rates
  • A Vietnamese Woman Has Just Added More Than VND 4,000 Billion to Her Fortune

    Phạm Thu Hương, wife of billionaire Phạm Nhật Vượng, saw her fortune rise nearly USD 160 million (about VND 4,150 billion), or 4.05%, on October 22, reaching about USD 4.1 billion according to Forbes. She ranks 1,035th among the world’s billionaires and is Vietnam’s third-richest person. The gain followed a strong session for Vingroup’s VIC shares, which rose more than 4% to VND 232,900 per share, their second straight gain after hitting the ceiling price on October 21. VIC is up nearly 40% since the start of 2026, with a market capitalization of VND 1.8 million billion. Phạm Nhật Vượng’s fortune is about USD 36.2 billion, up about 3.53%. Known for her low profile, Hương has been Vice Chairwoman of Vingroup’s Board since 2011 and co-founded the VinFuture Foundation with Vượng in 2020.

    CafeF·Pham Thu HuongVICbillionaires

All news →

Get the briefing on Telegram or Zalo

Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.