Investing News Network
- Top 5 Canadian Mining Stocks This Week: Adex Mining Shines with 171 Percent Gain (2026-02-27)
Welcome to the Investing News Network's weekly look at the best-performing Canadian mining stocks on the TSX, TSXV and CSE, starting with a round-up of Canadian news impacting the resource sector.
Statistics Canada released its December data for gross domestic product (GDP) by industry on Friday (February 27).
While overall GDP increased 0.2 percent, the figures showed a broad 0.9 percent decline in the mining, quarrying, and oil and gas extraction sector, reversing a 0.1 percent increase in November. In real dollars, the sector contributed C$119.62 billion in the month, just shy of C$120.76 billion in November.
The decrease was due to a 1.1 percent contraction in the oil and gas subsector and a 1.4 percent decline in the mining and quarrying subsector. However, the fall off was slightly offset by a 1.6 percent increase in sector support activities.
The Canadian reporting agency also released its annual mineral production survey on Wednesday (February 25).
The data showed that 2025's production and shipment numbers increased nearly across the board for copper, silver and gold.
In terms of production, copper output climbed to 499,896 metric tons, beating the 444,587 metric tons in 2024. The quantity of silver produced also rose significantly to 356,052 kilograms in 2025 from 331,965 kilograms. Gold also increased, though narrowly, to 186,923 kilograms from 185,555 kilograms the previous year.
As for shipments, copper climbed to 480,100 metric tons from 437,861 metric tons in 2024, while silver shipments increased to 344,133 kilograms from 325,705 kilograms. Of the three metals, only gold saw a decline, with shipments falling slightly to 184,456 kilograms from 185,376 kilograms a year earlier.
Several other resources, including cobalt and nickel, also saw sizeable jumps last year.
For more on what’s moving markets this week, check out our top market news round-up.
Markets and commodities react
Canadian equity markets were positive this week.
The S&P/TSX Composite Index (INDEXTSI:OSPTX) gained 2.3 percent over the week to close Friday (February 27) at 34,339.99, while the S&P/TSX Venture Composite Index (INDEXTSI:JX) rose 8.4 percent to 1,107.60.
The CSE Composite Index (CSE:CSECOMP) gained 4.02 percent to 174.55.
The gold price gained 1.36 percent to close at US$5,261.19 per ounce on Friday at 4:00 p.m. EST. The silver price fared better, closing the week up 6.55 percent at US$93.66 on Friday.
In base metals, the Comex copper price recorded a 3.24 percent increase this week to US$6.05.
The S&P Goldman Sachs Commodities Index (INDEXSP:SPGSCI) was up 2 percent to end Friday at 610.89.
Top Canadian mining stocks this week
How did mining stocks perform against this backdrop?Take a look at this week’s five best-performing Canadian mining stocks below.
Stocks data for this article was retrieved at 4:00 p.m. EST on Friday using TradingView's stock screener. Only companies trading on the TSX, TSXV and CSE with market caps greater than C$10 million are included. Mineral companies within the non-energy minerals, energy minerals, process industry and producer manufacturing sectors were considered.
1. Adex Mining (TSXV:ADE)
Weekly gain: 171.43 percent
Market cap: C$27.09 million
Share price: C$0.095Adex Mining is an exploration company that holds a 100 percent stake in the Mount Pleasant project in Southwest New Brunswick, Canada. The property contains two main deposits: the Fire Tower zone, which hosts tungsten and molybdenum mineralization, and the North zone, which hosts tin, zinc and indium.
The asset consists of 102 mineral claims covering 1,600 hectares, as well as equipment and facilities from historic mining operations conducted by BHP (ASX:BHP,NYSE:BHP,LSE:BHP) between 1983 and 1985.
According to its most recent investor presentation released on June 11, the property hosts the world’s largest indium reserve and North America’s largest tin deposit. Indicated resources for the North zone demonstrate contained metal values of 47 million kilograms of tin, and 789,000 kilograms of indium from 12.4 million metric tons with average grades of 0.38 percent tin and 64 parts per million indium.
Adex Mining has not released news since it published its interim management discussion and analysis on November 18.
The increase in Adex’s share price this week comes ahead of the Prospectors and Developers Association of Canada convention, which is taking place in Toronto, Ontario, from March 1 to 4.
In a mid-February interview, New Brunswick Natural Resources Minister John Herron revealed that a deal “is due imminently with a well-known company in the Canadian mining community” for Adex’s Mount Pleasant project.
Additionally, he said the provincial government plans to introduce its new minerals strategy at PDAC on March 2. According to Herron, New Brunswick will adopt a one project, one process framework to quickly advance critical minerals projects.
2. US Copper (TSXV:USCU)
Weekly gain: 100 percent
Market cap: C$37.17 million
Share price: C$0.28US Copper is an exploration company working to advance its Moonlight-Superior project in Northeast California, United States.
The project covers approximately 13 square miles of patented and unpatented federal mining claims in the Lights Creek Copper District, near the Nevada border.
A preliminary economic assessment released on January 6, 2025, demonstrated a post-tax net present value of US$1.08 billion with an internal rate of return of 23 percent and a payback period of 5.3 years, assuming a copper price of US$4.15 per pound.
The included mineral resource estimate shows a total indicated resource of 2.5 billion pounds of copper, 21.7 million ounces of silver and 140,042 ounces of gold from 402.83 million metric tons of ore with a grade of 0.31 percent copper, 1.85 parts per million (ppm) silver and 0.012 ppm gold. The majority is hosted at its Moonlight and Superior deposits.
The company has not released any news since December 15, when it announced that it had staked 54 additional claims, totalling 1,104 acres near Moonlight-Superior, that US Copper intends to use for the project's infrastructure development.
The company also stated that it had begun metallurgical testing, which it expected to be completed in April 2026, with the release of partial results starting in February 2026.
3. Doubleview Gold (TSXV:DBG)
Weekly gain: 95.62 percent
Market cap: C$27.09 million
Share price: C$2.68Doubleview Gold is an exploration company working to advance its Hat copper-gold project in Northwestern British Columbia, Canada.
The project is located within BC’s Golden Triangle, an area that hosts numerous active mines and development projects. The property consists of 19 mineral tenures covering an area of 18,000 hectares.
On February 25, Doubleview released an updated mineral resource estimate for its Hat project, reporting copper equivalent resources of 5.82 billion pounds in the measured and indicated categories and 4.57 billion pounds in the inferred category.
The measured and indicated resource includes 2.42 billion pounds of copper, 3.22 million ounces of gold, 80.1 million pounds of cobalt and 5.05 million ounces of silver from 609 million metric tons of ore with average grades of 0.21 percent copper, 0.18 grams per metric ton (g/t) gold, 0.008 percent cobalt and 0.38 g/t silver.
Additionally, the MRE reported a recoverable measured and indicated scandium oxide resource of 2,415 metric tons, grading 28.77 g/t.
Doubleview’s president and CEO stated that exploration of the property has increased the deposit’s size over the years, with it now covering an area of about 1.6 kilometers by 1.6 kilometers. He also noted that the company discovered additional elements within the deposit that it plans to unveil soon.
4. BP Silver (TSXV:BPAG)
Weekly gain: 62.16 percent
Market cap: C$35.9 million
Share price: C$1.20BP Silver is an exploration company focused on its flagship Cosuño project in Bolivia.
The property covers approximately 3,375 hectares and hosts a 10.5 square kilometer alteration zone within an underexplored jurisdiction. To date, the company has identified four primary targets in the southern project area.
On February 27, the company announced assay results from the final eight holes of the 11 hole drill program at Cosuño.
Exploration encountered several zones of silver mineralization at the Pocañita Chica target. One hole delivered high grades of 600.4 g/t silver over 5 meters, which included an intersection of 1,655 g/t over 1 meter.
The company said it achieved its main goal of “confirming mineralization within the lithocap beneath surface geochemical anomalies,” which it said de-risks the project.
Additionally, BP Silver stated the drill program confirmed a silver and polymetallic mineralized system along a 2.7 kilometer long corridor that remains open in all directions.
5. Tsodilo Resources (TSXV:TSD)
Weekly gain: 61.29 percent
Market cap: C$21.75 million
Share price: C$0.25Tsodilo Resources is a metals exploration company advancing its Gcwihaba polymetallic project in Northwest Botswana, which hosts the C26 and C27 rare earth skarn anomalies. It also owns the Xaudum iron formation project in the country.
At Gcwihaba, Tsodilo has identified a conceptual exploration target of skarn ore in the 81 million to 97 million metric ton range with grades of 0.05 and 1.49 percent total rare earth oxides (TREO).
The company originally identified the C26 and C27 targets through ground magnetic and gravity surveys, with drilling confirming mineralization at depths of 20 to 50 meters below surface.
Tsodilo plans to perform 15,000 meters of drilling in 2026, with a focus on defining high-grade REE zones, while also evaluating the system's overall polymetallic potential.
The most recent news from the company came on February 2, when it reported that it had closed a C$742,095 private placement by issuing 4.95 million shares. Proceeds from the financing will be used to advance its projects in Botswana.
FAQs for Canadian mining stocks
What is the difference between the TSX and TSXV?
The TSX, or Toronto Stock Exchange, is used by senior companies with larger market caps, and the TSXV, or TSX Venture Exchange, is used by smaller-cap companies. Companies listed on the TSXV can graduate to the senior exchange.
How many mining companies are listed on the TSX and TSXV?
As of December 2025, 898 mining companies and 71 oil and gas companies are listed on the TSXV, combining for more than 60 percent of the 1,531 total companies listed on the exchange.
As for the TSX, it is home to 175 mining companies and 51 oil and gas companies. The exchange has 2,089 companies listed on it in total.
Together, the TSX and TSXV host around 40 percent of the world’s public mining companies.
How much does it cost to list on the TSXV?
There are a variety of different fees that companies must pay to list on the TSXV, and according to the exchange, they can vary based on the transaction’s nature and complexity. The listing fee alone will most likely cost between C$10,000 to C$70,000. Accounting and auditing fees could rack up between C$25,000 and C$100,000, while legal fees are expected to be over C$75,000 and an underwriters’ commission may hit up to 12 percent.
The exchange lists a handful of other fees and expenses companies can expect, including but not limited to security commission and transfer agency fees, investor relations costs and director and officer liability insurance.
These are all just for the initial listing, of course. There are ongoing expenses once companies are trading, such as sustaining fees and additional listing fees, plus the costs associated with filing regular reports.
How do you trade on the TSXV?
Investors can trade on the TSXV the way they would trade stocks on any exchange. This means they can use a stock broker or an individual investment account to buy and sell shares of TSXV-listed companies during the exchange's trading hours.
Article by Dean Belder; FAQs by Lauren Kelly.
Don't forget to follow us @INN_Resource for real-time updates!
Securities Disclosure: I, Dean Belder, hold no direct investment interest in any company mentioned in this article.
Securities Disclosure: I, Lauren Kelly, hold no direct investment interest in any company mentioned in this article.
- Tech Weekly: Stocks See Minor Reprieve Before Ending Week in the Red (2026-02-27)
Welcome to the Investing News Network's weekly brief on tech news and tech stocks driving the market.
We also break down next week's catalysts to watch to help you prepare for the week ahead.
In this article:
- This week's tech sector performance
- 3 tech stocks moving markets this week
- Top tech news of the week
- Tech ETF performance
- Tech catalysts to watch next week
This week's tech sector performance
Tariff concerns sent global stocks drifting on Monday (February 23), with US futures pointing lower at the start of the week even though the Nasdaq Composite (INDEXNASDAQ:.IXIC) ended a three week losing streak the previous week.
Additionally, a Citrini Research report published on Sunday (February 22) projects that the dominance of artificial intelligence (AI) could lead to the collapse of the “human-centric consumer economy” and cause widespread unemployment, adding to the growing anxiety around AI-induced displacement.
Markets had a subdued reaction to Anthropic’s announcement of 10 new AI tools on Tuesday (February 24), including plugins that could help with investment banking tasks, private equity engineering and design.
Mohit Kumar, chief Europe economist at Jefferies Financial Group (NYSE:JEF), noted that, although AI disruption will remain a market theme for the foreseeable future, the company’s emphasis on “partnership rather than displacement” may have spurred a software sector rally in Tuesday afternoon trading.
Also aiding the software recovery was a handful of experts pushing back against the Citrini report, including a response published by Citadel Securities' Frank Flight, who said the thesis is far-fetched at best.
On Wednesday (February 25), ahead of NVIDIA's (NASDAQ:NVDA) much-anticipated earnings report, tech stocks boosted indexes in North America, Europe and Asia, with the S&P/TSX Composite Index (INDEXTSI:OSPTX) seeing advances in AI-related software and diversified tech amid positive quarterly reports from Canada’s main financial institutions; meanwhile, semiconductor companies led gains on Wall Street.
While positive sentiment lifted Canada’s main index to a new record on Thursday (February 26), the US had a weaker session after investors were unimpressed with NVIDIA'S results.
Although NVIDIA beat expectations, guidance shows deceleration. A 3.2 percent drop in the PHLX Semiconductor Sector (INDEXNASDAQ:SOX) index dragged the Nasdaq down to close 1.2 percent lower.
Indexes in Canada and the US slipped on Friday (February 27) as renewed positive sentiment from earlier in the week ultimately gave way to concerns over AI-led disruptions.
3 tech stocks moving markets this week
1. NVIDIA (NASDAQ:NVDA)
NVIDIA, which makes up almost 8 percent of the S&P 500 (INDEXSP:.INX), was up on Wednesday ahead of its Q4 earnings report, which showed US$68.1 billion in revenue, an increase of 73 percent. Net income was up 94 percent to US$42.9 billion, and the company generated US$96.6 billion in free cashflow for the year.
The results exceeded analysts’ estimates, but shares were flat in after-hours trading, despite CEO Jensen Huang's claim of “skyrocketing” AI agent adoption and sales growth of 78 percent for the current quarter.
2. Salesforce (NYSE:CRM)
Salesforce rose modestly intraday ahead of its Q4 earnings release on Wednesday, which showed revenue growth of 12 percent year-on-year, beating analysts' estimates at US$11.2 billion. Full-year revenue was at US$41.5 billion, up 10 percent, with the company reporting remaining performance obligations of US$72.4 billion, a 14 percent increase.
Annual recurring revenue from the company’s AI agent platform, Agentforce, led quarterly gains, reaching US$800 million, up 169 percent. Despite CEO Marc Benioff’s revenue projection of US$63 billion by the 2030 fiscal year, 2027 fiscal year guidance of US$45.8 billion to US$46.2 billion was below the consensus estimate of US$46.06 billion, which sent shares down around 5 percent in after-hours trading. The company also said it anticipates a slowdown in core business expansion, projecting organic growth of only 7 to 8 percent for the upcoming fiscal year.
2. Dell Technologies (NYSE:DELL)
Dell Technologies was trading higher ahead of its Q4 earnings. The firm delivered revenue of US$33.4 billion, beating estimates, and full-year revenue of a record US$113.5 billion.
Sales of AI servers hit US$9.8 billion, up 100 percent year-on-year, with a US$64 billion AI pipeline and US$43 billion backlog. Earnings per share topped estimates of US$2.36, coming in at US$2.86.
Momentum continued after hours following CEO Mike Dell’s comments on “skyrocketing” hyperscaler demand for AI infrastructure despite some margin pressure, with Dell’s share price soaring about 11 percent.
Top tech news of the week
- Alphabet (NASDAQ:GOOGL) was upgraded to “overweight” from “equal weight” at Wells Fargo (NYSE:WFC), with a price target of US$387, up from US$354. Analysts cited the company’s “leadership position” in customer data, distribution and compute capacity.
- Finland's IQM Quantum Computers plans to go public via a SPAC merger with Real Asset Acquisition (NASDAQ:RAAQ), valuing the firm at about US$1.8 billion. IQM plans to list its American depositary shares on the NYSE or Nasdaq, and is also considering a listing on the Helsinki Stock Exchange.
- While other software stocks rose on news that Anthropic’s Claude AI could reduce the time and effort required for COBOL modernization, which previously relied on extensive consultant work, shares of IBM (NYSE:IBM) fell sharply. Market participants view the development as directly threatening IBM’s lucrative consulting services revenue.
- Advanced Micro Devices (NASDAQ:AMD) shares jumped over 6 percent on Tuesday after the firm announced an expanded multi-year AI chip partnership with Meta. The deal, potentially valued at as much as US$10 billion, includes AMD’s MI450X and MI500 chips powering Meta’s next-gen infrastructure.
- Intrinsic, an Alphabet-owned company specializing in AI and software for industrial robots, is joining Google. Intrinsic will operate as a distinct entity within Google, where it will collaborate with Google DeepMind and leverage Google's Gemini AI models and cloud services to accelerate physical AI work.
- CoreWeave (NASDAQ:CRWV) reported Q4 revenue of US$1.57 billion, up 110 percent year-on-year and ahead of estimates; however, its forward guidance for the year missed estimates amid CAPEX spending projected between US$30 billion and US$35 billion. Shares fell 12 percent.
Tech ETF performance
Tech exchange-traded funds (ETFs) track baskets of major tech stocks, meaning their performance helps investors gauge the overall performance of the niches they cover.
This week, the iShares Semiconductor ETF (NASDAQ:SOXX) advanced by 1.83 percent, while the Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ) advanced by 1.77 percent.
The VanEck Semiconductor ETF (NASDAQ:SMH) also increased by 1.76 percent.
Tech news to watch next week
Next week there will be light earnings, with results expected from MongoDB (NASDAQ:MDB), Alibaba (NYSE:BABA) and Broadcom (NASDAQ:AVGO); however, macro data alongside speeches from US Federal Reserve presidents will dominate alongside tariff developments and AI CAPEX and inflation concerns.
Don't forget to follow us @INN_Technology for real-time news updates!
Securities Disclosure: I, Meagen Seatter, hold no direct investment interest in any company mentioned in this article.
- Crypto Market Update: Bitcoin Price Retreats Again After Mid-week Rise (2026-02-27)
Here's a quick recap of the crypto landscape for Friday (February 25) as of 1:30 p.m. UTC.
Get the latest insights on Bitcoin, Ether and altcoins, along with a round-up of key cryptocurrency market news.
Bitcoin (BTC) was priced at US$65,260.11, down by 3.6 percent over the last 24 hours.
A US$8.9 billion crypto options expiry drove “extreme fear” in the market, with price manipulation and re-hedging resulting in volatility. Bitcoin fell below the US$66,000 support level after a corrective rebound earlier in the week lost momentum, reflecting the fragility of the balance between risk appetite and available liquidity in global markets.
According to XS.com senior market analyst Rania Gule, Bitcoin's swift pullback suggests the recent uptick was merely a technical bounce within a more complex macro environment, rather than the beginning of a sustainable bullish wave.
“In the near term, I expect Bitcoin to remain within a broad range between US$64,000 and US$70,000, with a slight bearish bias if geopolitical pressures persist and equity market momentum weakens," she said.
Ether (ETH) was priced at US$1,917.34, down by 5.5 percent over the last 24 hours.
Altcoin price update
- XRP (XRP) was priced at US$1.35, down by 3.7 percent over 24 hours.
- Solana (SOL) was trading at US$81.42, down by 5.5 percent over 24 hours.
Today's crypto news to know
Buterin sells US$43 million worth of Ether
Ethereum co-founder Vitalik Buterin sold approximately 17,000 ETH worth about US$43 million at the time of sale, with the funds set to go toward privacy and security initiatives.
Marathon partners with Starwood on AI data center
Shares of Bitcoin miner Marathon Digital Holdings (NASDAQ:MARA) surged after the company announced a partnership with Starwood Capital Group, a leading global private investment firm focused on real estate.
The two entities plan to build data centers for the artificial intelligence (AI) sector.
In a Wednesday (February 25) blog post, Zach Pandl, Grayscale's head of research, called the relationship between AI and blockchain “complementary from a fundamental standpoint.”
Don't forget to follow us @INN_Technology for real-time news updates!
Securities Disclosure: I, Meagen Seatter, hold no direct investment interest in any company mentioned in this article.
Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.
Editorial Disclosure: The Investing News Network does not guarantee the accuracy or thoroughness of the information reported in the interviews it conducts. The opinions expressed in these interviews do not reflect the opinions of the Investing News Network and do not constitute investment advice. All readers are encouraged to perform their own due diligence.
- Obonga Project: Wishbone VMS Update (2026-02-27)
Panther Metals Plc (LSE: PALM), the exploration company focused on mineral projects in Canada, is pleased to provide an update for the Obonga Project's Wishbone Prospect which is an emerging and highly prospective base metal volcanogenic massive sulphide ("VMS") system in Ontario, Canada.
Following the completion of the 2025 high resolution drone based airborne magnetic geophysics survey ("Magnetics Survey") over the Wishbone Prospect, the geophysical data has subject to three-dimensional inversion modelling (Figures 1 & 2) with a view to refining the parameters of the permitted drill holes ahead of a diamond drilling programme.
A video illustrating the results of the Magnetic Survey inversion modelling and the size and morphology of the Wishbone VMS Target and the relationship with highly anomalous copper in lake sediments is available to view on the Panther Metals PLC YouTube channel at https://youtube.com/shorts/POMgfQuSc44?feature=share1
Figures of the magnetics inversion and structural model are set out below in Figures 1 and 2, whilst the map the processed First Vertical Derivative of the Magnetic Survey data is shown in Figure 3. Figure 4 shows the highly anomalous copper in lake and stream sediments which are located above, and which drain off the site of the Wishbone VMS Prospect. Details of the Magnetic Survey are provided in Table 1.
The work being planned is covered by Exploration Permit PR-24-000022, which is valid through to 20 June 2027 (Figure 5). This permit authorises a comprehensive exploration programme, including up to 39 diamond core drill holes and down-hole electromagnetic geophysics.
Darren Hazelwood, Chief Executive Officer commented:
"As move towards and period of intense work activity at the exciting Wishbone VMS Prospect, we would like to provide an update on our geological and magnetic inversion modelling activities which illustrate the scale of the Wishbone system that we will be drill targeting in the coming quarter.
Panther Chairman Nick O'Reilly and I will be at the PDAC Conference in Toronto next week where we will be meeting with various Wishbone stakeholders, and we look forward to providing further updates as our plans advance."
Figure 1: Plan view of modelled Wishbone VMS Target showing magnetic inversion model, geological contacts and location of Panther diamond drillholes (based on magnetic inversion model shells).
Notes: Scale bar and north arrow in bottom left corner of figure. Coordinates stated in UTM Zone 16N NAD 83 datum. Image highlights the size of the modelled magnetic body at depth. Dark blue dots signify permitted drill pad locations. The figure is overlain by a semi-transparent surface rendering of the topographical map, from which the trace of the Wishbone Lake can be discerned (light blue). The green block model below the topography reflects the greenstone volcanic geology, the beige block model to the north is granitoid. The granitoid/volcanic contacts are interpreted to be faulted. A series of three concave fault/contacts are currently interpreted to dissect the magnetic inversion model. The down-hole traces of Panther's 2021 and 2022 drilling are shown in plan view. The working model is dynamic and will be updated as the 2026 work programme develops.
Looking south (180° / 45°)
Looking north (000° / 45°)
Looking north-westerly (340° / 45°)
Looking north-easterly (060° / 45°)
Figure 2: Series of oblique three-dimensional views of modelled of modelled Wishbone VMS Target showing location of Panther diamond drillholes (based on magnetic inversion model shells).
Notes: Image highlights the size of the modelled magnetic body at depth. Blue dots signify permitted drill pads. For relative scale and description of other features please see the notes below Figure 1.
Figure 3: First Vertical Derivative Magnetic Survey Map data from the 2025 Wishbone Survey.
Notes: The first vertical derivative map enhances shallow, near-surface geological features by calculating the rate of change of the magnetic field in the vertical direction. This acts as a high-pass filter to sharpen anomaly edges, reduce regional background noise and better resolve closely spaced magnetic bodies.
Wishbone VMS Target Background
The Wishbone Drone Magnetic Survey work followed on from the 2022 drill programme to target multiple high priority electromagnetic ("EM") and magnetic geophysical anomalies prospective for volcanogenic massive sulphide ("VMS") hosted copper / base metal mineralisation. Panther's two hole 600m drilling programme in autumn 2021 had confirmed Wishbone as a VMS base metals target and the 2022 drilling sought to follow-up on the massive sulphide and zinc / copper intersections as well as to test further coincident magnetic and electromagnetic conductor geophysical anomalies identified by regional airborne surveys.
Historical drilling in the 1970s intersected massive stringer and disseminated sulphide 800m north of the Wishbone anomaly and drilling by BHP in the 1990s intersected massive stringer and disseminated sulphide 600m south of the anomaly.
BHP ranked the Wishbone anomaly a high priority for follow up in 1992, however no further work was completed prior to 2021. Airborne geophysics datasets compiled since that time have shown that the historical drilling failed to intersect the major anomalies.
Wishbone is situated in a similar geological environment to the nearby Sturgeon Lake VMS mining camp, on the Wabigoon Greenstone Belt, approximately 75km due west. The Sturgeon Lake VMS Camp is host to five historic zinc-copper-lead-silver producing mines, with a combined total production of: 19.8Mt @ 8.50% Zn, 1.06% Cu, 0.91% Pb & 119.7g/t Ag.
In 2021 Panther's two hole, 600m diamond drilling programme, intercepted multiple lenses of sulphide mineralisation including in drill hole BBR21_WB_001 a 27.3m wide intercept of massive sulphide mineralisation and in hole BBR21_WB_002 51m of sulphide-dominated mineralisation.
Wide massive sulphide and semi-massive sulphide mineralisation intersections were made in both drill holes:
- WB001: Three wide sulphide intersections:
- 27.3m of massive sulphide from 106.2m ('Upper layer'), with fault at base;
- 2.5m of massive sulphide from 234.8m ('Mid layer'; and
- 1.4m of massive sulphide from 256.6m ('Lower layer')
- WB002: Wide zoned sulphide intersection:
- 51m from 174m comprising a wide zone of sulphide dominated mineralisation, including:
- 17m from 180m of massive sulphide ('Upper zone') and
- 7m from 218m of semi-massive sulphide ('Lower zone')
- 51m from 174m comprising a wide zone of sulphide dominated mineralisation, including:
In Panther's 2022 drill programme, a further three diamond drill holes intersected further massive and semi-massive sulphides, and a zone of zinc mineralisation:
- Hole BBR22 WB-P1-2: Potentially commercial grades of zinc mineralisation:
- 3.6m @ 3.9% Zn from 120m, including
- 2m @ 6.8% Zn, 4.3 g/t Ag and anomalous 0.19% Cu from 120m, with
- 0.5m @ 11.65% Zn, 4.1 g/t Ag and anomalous 0.14% Cu from 120.2m.
- Hole BBR22 WB-P2-1: Further wide zones of massive and semi-massive sulphide mineralisation intersected, interpreted to be related to the high temperature pyrrhotite dominant core of the VMS system:
- 22.4m of massive and semi-massive sulphide from 127m downhole.
- Hole BBR22 WB-P3-1 :
- 3.8m of semi-massive sulphide from 163.2m downhole.
The Wishbone discovery was the first significant VMS-style mineralisation to be made on the entire Obonga Greenstone Belt. Given the geological tendency for VMS systems to cluster and repeat and given the presence of highly anomalous copper in lake and stream sediments nearby (see Figure 4).
An important characteristic of VMS deposits is that they typically display a zonation of metals within the massive sulphide body from Fe+Cu at the base to Zn+Fe±Pb±Ba at the top and margins, related to differing temperature and chemical conditions at mineral deposition. The major observed mineral component of the Wishbone massive sulphide mineralisation is pyrrhotite with less common pyrite and minor sphalerite and chalcopyrite in distinct zones.
The Wishbone assay result suite, including rare earth element ("REE") analyses, has yielded important geochemical information allowing the classification of the mineralisation, alteration ratios and the development of exploration vectors towards zones of potential economic interest. Wishbone has been classified as a bimodal type deposit, the same type as Canada's Kidd Creek (Ontario) and Noranda (Quebec) VMS deposits.
Figure 4: Lake Sediment Sample Assays Show Very Strong Copper Anomalism Downstream of the Wishbone VMS system
Table 1: Wishbone VMS Prospect UAV Magnetic Survey Details
UAV Magnetics Survey Rational
Survey Equipment
Survey Size
(25m line & 250m tie line spacing)
(line- kilometre)
Flight Line Azimuth (degrees)
Survey Data Products
Targeting VMS style base metal mineralisation at depth.
3D Inversion modelling will facilitate drill hole orientation planning to target the expected high base metal grade parts of the targeted VMS systems.
Unmanned Airborne magnetometer survey system incorporating:
Base station magnetometer GSM-19W Overhauser
Airborne magnetometer Gem Systems GSMP-35U potassium vapor magnetometer & ancillary electronics.
25m line & 250m tie line spacing
Total line kilometres:
190.11 km
090°
· Final Total Magnetic Intensity
· First Vertical derivative
· Second Vertical Derivative
· Horizontal Derivative
· Analytic Signal
· 3D Inversion Models
Figure 5: Wishbone Exploration Permit PR-24-000022 Permitted, Claim Cells, Drill Pads, Camp and Access
Note: Map from Permit issued on 21 June 2024
References
1. Panther Metals PLC, YouTube channel video: Wishbone VMS Target
( https://youtube.com/shorts/POMgfQuSc44?feature=share )
For further information, please contact:
Panther Metals PLC:
Darren Hazelwood, Chief Executive Officer:
+44 (0)1462 429 743
+44 (0)7971 957 685Brokers:
Optiva Securities Limited
Christian Dennis
Mick McNamara
+44 (0)20 3137 1902
Hybridan LLP
Claire Louise Noyce
+44 (0)20 3764 2341
SI Capital Limited
Nick Emerson
+44 (0)1438 416 500
Obonga Project - Advancing a High-Impact VMS and Critical Minerals District
Panther Metals' Obonga Project in Ontario continues to demonstrate strong potential as a district-scale exploration opportunity targeting base and critical minerals. Since acquiring the Obonga Greenstone Belt in July 2021, the Company has advanced multiple high-priority targets including Wishbone, Awkward, Survey, Ottertooth, and Silver Rim.
On 9 February 2026 Panther announced plans for an approximately 2,000-metre diamond drilling program at the Wishbone Prospect, following the grant of an Exploration Permit in June 2024 valid through 2027. Previous work confirmed compelling VMS-style mineralisation, including 27.3m of massive sulphide and 51m of sulphide-dominated mineralisation across multiple lenses, supported by high-grade copper anomalies in lake sediments.
In July 2024, Panther secured an Exploration Permit for Awkward West, enabling up to 31 drill holes. Historic drilling returned 27.2m at 2.25% TGC, with zones exceeding 5% TGC, alongside indications of nickel, copper, and platinum group elements, aligning with the Company's critical minerals strategy.
High-resolution magnetic and electromagnetic surveys continue to refine drill targeting across Obonga. Survey and Ottertooth remain highly prospective, hosting multiple untested geophysical anomalies and historic massive sulphide intercepts.
Winston Project - Tailings Evaluation and MRE Pathway
Panther Metals' Winston Project represents a near-term, development-focused opportunity centred on the evaluation of historic mine tailings and has been the subject of prior technical and commercial assessment involving Extrakt.
Current work is focused on tailings sampling, metallurgical testing, and data validation to define metal content, recoverability, and support the preparation of a Mineral Resource estimate (MRE). This approach provides a clear value-creation pathway with lower geological risk than greenfield exploration and aligns with modern reprocessing and critical mineral's themes.
Dotted Lake Project - Hemlo-Adjacent Polymetallic Opportunity
Panther Metals' Dotted Lake Project, acquired in July 2020, is located approximately 16km from the Hemlo Mining Corp.'s Hemlo Mine, within a well-established mining region.
Early exploration identified multiple gold and base metal anomalies, with initial drilling confirming gold mineralisation. In early 2025, follow-up drilling materially advanced the project, confirming nickel and magnesium mineralisation within an ultramafic intrusion and identifying a VMS-style system, significantly expanding the project's polymetallic potential.
The programme refined structural controls, extended mineralisation, and identified multiple new drill targets, positioning Dotted Lake as a high-upside, multi-commodity exploration asset.
Commercial Strategy - Focused Value Creation
Panther Metals is focused on disciplined, discovery-driven value creation through efficient capital deployment and technical execution. With Obonga delivering high-impact exploration, Winston providing a resource-focused development pathway, and Dotted Lake offering polymetallic upside, the Company maintains a balanced portfolio aligned with favourable commodity market conditions.
The Company's strategy is to advance high-quality assets along the most efficient technical pathway, delivering tangible milestones that underpin long-term shareholder value.
- WB001: Three wide sulphide intersections:
- Lahontan Gold Eyes Resource Update as Production Nears (2026-02-27)
Lahontan Gold (TSXV: LG,OTCQB:LGCXF) is drawing investor attention as it advances toward renewed production at its historic Santa Fe Mine in Nevada. A revised mineral resource estimate is expected soon, offering a potential catalyst, according to a recent report by News Financial.
Highlights:
- Resource update expected imminently
- Santa Fe Mine advancing toward production
- Strong drill results at West Santa Fe project
The Santa Fe Mine, which produced gold and silver from 1988–1994, comes with existing infrastructure and proven mineralization.
“Lahontan will incorporate these new drill holes into an updated MRE for Slab and the entire Santa Fe project. With a new MRE, combined with updated metallurgy and rising metal prices, the company will also complete an updated preliminary economic assessment,” stated CEO Kimberly Ann in the report. The update could significantly reshape market perception of the company’s asset base.
Recent drilling at the nearby West Santa Fe project delivered 36.6 m grading 3.11 g/t Au Eq, including a high-grade interval of 10.7 m at 5.75 g/t Au Eq from surface, highlighting the exploration upside of Lahontan’s satellite assets. These results may contribute to future resource growth and bolster the company’s transition from explorer to producer.
With drilling underway and key technical milestones approaching, Lahontan is positioning itself to move from exploration to development and production. Investors are watching closely, as the upcoming resource update and advancing mine infrastructure may mark the start of a new chapter for the historic Santa Fe operation.
Click here to connect with Lahontan Gold for an Investor Presentation
- Resource update expected imminently
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