Mining News in Ontario

Zentek Ltd.
Zentek Ltd.
ZEN.V
Graphite
Northern Ontario

Zentek Files Technical Report for the Albany Graphite PEA: US$3.85 Billion After-Tax NPV at a 5% Discount Rate, 27.4% After-Tax IRR, on an Acid-Free Route to Ultra-High-Purity Graphite

Zentek has filed the technical report for its Albany Graphite Project Preliminary Economic Assessment (PEA), outlining a US$3.85 billion after-tax NPV at a 5% discount rate and a 27.4% after-tax IRR. The study proposes an acid-free purification route to produce 30,000 tonnes per year of ultra-high-purity graphite over a 30-year production period, with an initial capital cost of US$817 million. The project also features a significant mineral resource estimate, including 23.1 Mt indicated at 4.14% Cg and 13.3 Mt inferred at 2.88% Cg, and is recommended for advancement to a Pre-Feasibility Study.

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NexGold Mining
NexGold Mining
NEXG
Gold
Ontario

NexGold hits 14g at Goldlund in Ontario

NexGold Mining reported high-grade gold drill results at its Goldlund deposit in Ontario, highlighted by a 7m intercept of 14.07 g/t Au. The results support the company's infill and extension drilling program in Zone 4, aiming to refine the geological model and potentially inform future resource assessments.

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Galactic Gold Corp.
Galactic Gold Corp.
GGAU.V
Ontario

Galactic Gold Provides Exploration Update on their Hardrock West Main Block Property Confirming Mineralized Zone

Galactic Gold has reported high-grade gold and silver surface grab samples from the Sturgeon Bridge area of the Hardrock West Project in Ontario. The company plans a 2,000 m diamond drill program to test down-dip extensions and new targets identified through structural analysis.

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Galactic Gold Corp.
Galactic Gold Corp.
GGAU
Ontario

Galactic Gold Provides Exploration Update on their Hardrock West Main Block Property Confirming Mineralized Zone

Galactic Gold Corp. has reported high-grade gold and silver surface grab samples from the Sturgeon Bridge area of its Hardrock West Project in Ontario. The results, including one sample of 13.4 g/t Au, confirm a mineralized zone and support a planned 2,000 m diamond drill program.

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Graycliff Exploration Limited
Graycliff Exploration Limited
GRAY.CN
Gold
Ontario

Graycliff Drilling and Corporate Update

Graycliff Exploration has completed five additional core holes as part of its 2026 drilling campaign at the Shakespeare gold project in Ontario. While visual indicators of mineralization were noted in Hole D, assay results for all recent holes are still pending.

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Storm Exploration Inc.
Storm Exploration Inc.
STRM
Ontario, Canada

New Mineralised VMS System Discovered at Storm's Gold Standard Project

Storm Exploration Inc. has announced the discovery of a new Volcanogenic Massive Sulphide (VMS) system at its Gold Standard Project in Ontario. While 1,000m of drilling has confirmed the presence of copper and zinc sulphides, specific assay results are expected in early Q1 2027.

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Ashley Gold Corp.
Ashley Gold Corp.
ASHL.CN
Gold
Ontario
Drill Results

Ashley Gold Corp. Reports First Assays from Phase III Step Out Drilling, Cuts 0.478 g/t Au over 55.00m in TAK-26-14

Ashley Gold Corp. has reported initial assays from its Phase III step-out drilling program at the Tak project, with a highlight intercept of 0.478 g/t gold over 55.00 meters in hole TAK-26-14. This intercept is near surface and expands the strike potential of the 67Z zone. The company notes that step-out drilling is ongoing, with five Phase III holes remaining pending and seven Phase IV holes planned. Detailed QA/QC procedures were followed, and the technical information was approved by a Qualified Person.

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Storm Exploration Inc.
Storm Exploration Inc.
STRM.V
Ontario, Canada

New Mineralised VMS System Discovered at Storm's Gold Standard Project

Storm Exploration Inc. has announced the discovery of a new Volcanogenic Massive Sulphide (VMS) system at its Gold Standard Project in Ontario. While 1,000m of drilling across five holes has confirmed the presence of copper and zinc sulphides, specific assay results are not yet available and are expected in early Q1 2027.

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NexGold Mining Corp.
NexGold Mining Corp.
NEXG.V
Gold
Ontario
Drill Results

NexGold Intersects 14.07 g/t Gold over 7.0 Metres, 9.76 g/t Gold over 8.0 Metres and 2.84 g/t Gold over 13.0 Metres at the Goldlund Deposit, Ontario

NexGold Mining Corp. announced drill results from its Goldlund Deposit in Ontario, part of the Goliath Gold Complex. The program, which is 31,971 metres complete out of an expanded 35,000 metres, focuses on infill and extension drilling in Zone 4. Highlights include multiple high-grade gold intercepts, such as 14.07 g/t gold over 7.0 metres and 9.76 g/t gold over 8.0 metres in hole GL-26-034, confirming grade continuity at depth within a potential open pit. The results are expected to refine the geological model and support future Mineral Resource assessments.

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Inventus Mining Corp.
Inventus Mining Corp.
IVS.V
Gold
Ontario

Inventus Expands Shallow High-Grade Main Layer and Identifies Broad Bulk-Tonnage Gold Potential at Pardo

Inventus Mining Corp. reports results from 100 drill holes at its Pardo 'River of Gold' Project in Ontario, highlighting shallow, high-grade gold intercepts and broad bulk-tonnage potential. Key results include 30.04 g/t gold over 0.33 m from 2.72 m depth in hole PD-26-348. The company is advancing a direct ship ore (DSO) strategy for high-grade zones and evaluating heap leaching for lower-grade, bulk-tonnage material across multiple stacked gold-bearing layers. A maiden mineral resource estimate is planned for Q4 2026, with 89 drill hole assays pending and Phase 3 drilling to commence in mid-October.

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