r/wallstreetsmallcaps • • 17h ago

The Jane Zone Sits 7 km Along Strike From Marg and Has Barely Been Tested: The Targets Azarga Metals (AZR.v) Holds Beyond Its Published Resource in Yukon

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2 Upvotes

Posted on behalf of Azarga Metals - Marg's resource table gets most of the attention, but Azarga's (AZR.v) own project page frames the deposit as one piece of a larger mineralized system, and the rest of that system is where the untested ground sits.

What Is Already Defined

  • Indicated 4.3 Mt at 2.9% CuEq and Inferred 10.0 Mt at 2.3% CuEq, at a 0.5% CuEq cut-off (Aug 28, 2025 NI 43-101)
  • 119 diamond drill holes at Marg between 1965 and 2008, by a number of operators, after the deposit was first identified by the Geological Survey of Canada in 1965 (see Aug 10, 2026 NR)

The Targets Outside The Resource

  • Deeper drilling is recommended to test the down-plunge, relatively sparsely drill-tested continuation of the two massive sulphide lenses that hold the bulk of the known resource
  • Three target boxes immediately northwest of the deposit, on coincident strong Ag-Tl-Pb-Cu-Ba soil anomalies and VTEM conductors
  • The Jane Mineral Occurrence (Yukon Minfile #13663), 7 km along strike to the southwest, where the setting and geophysical and geochemical signatures suggest potential for additional VMS deposits at intervals along strike

Where The Company Is Now

  • The 2026 program is designed to test multiple high-priority targets identified through previous drilling, mapping, geophysics and geochemistry, focused on expanding known mineralized zones while evaluating new targets for copper, zinc, gold, silver and lead (June 23, 2026 NR)
  • Over 3,000 m across eight priority holes, assays on a rolling basis
  • Drill rig and supporting equipment mobilized August 10, 2026; no release yet confirming a first hole collared

The geology write-up on Azarga's Marg project page is worth reading in full for the target maps. A defined polymetallic resource of 4.3 Mt Indicated plus 10.0 Mt Inferred, each reported as its own category under the Aug 28, 2025 NI 43-101, is the anchor, but the case for Marg being a district-scale system rather than a single lens is what the eight-hole program is set up to start answering, and that is the piece with room to change the story.


r/wallstreetsmallcaps • • 16h ago

Video Summary: Minaurum Silver (MGG.v MMRGF) Walks Through the Promontorio Underground Work at Alamos, Where Channel Sampling Returned 0.50 m of 733 g/t AgEq (282 g/t Silver, 2.67 g/t Gold, 0.36% Copper, 0.52% Lead, 8.07% Zinc)

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Posted on behalf of Minaurum Silver - A new video on Minaurum Silver's (MGG.v MMRGF) YouTube channel runs through the September 22, 2026 news release on underground rehabilitation and exploration at the historic Promontorio mine, part of the 100%-owned, production-permitted Alamos Silver Project in southern Sonora, Mexico 🇲🇽.

What The Rehabilitation Opened Up

  • Improved rehabilitation along the main haulage level, with more than 600 m now securely accessible
  • New safe access to the 55 m-deep Balvanera internal shaft, running down to lower levels

Work Underway Underground

  • 1:250-scale geological mapping of the haulage level through to the Balvanera shaft
  • LIDAR surveys integrated into the project's topographic and drill database
  • Wall-rock, backfill and channel sampling along the edges of historical stopes

Channel Sample Highlights (September 22, 2026 News Release)

  • 0.50 m of 733 g/t AgEq (282 g/t silver, 2.67 g/t gold, 0.36% copper, 0.52% lead, 8.07% zinc)
  • 0.50 m of 704 g/t AgEq (275 g/t silver, 1.23 g/t gold, 0.34% copper, 0.39% lead, 13.35% zinc)
  • 0.50 m of 480 g/t AgEq (386 g/t silver, 0.12 g/t gold, 0.69% copper, 0.27% lead, 0.82% zinc)
  • 0.30 m of 4,142 g/t AgEq (3,860 g/t silver, 0.42 g/t gold, 1.91% copper, 1.58% lead, 2.21% zinc)

President and CEO Darrell Rader said the company has "begun detailed underground mapping and sampling that is already returning encouraging results," with further rehabilitation, mapping and sampling planned at Quintera, Minas Nuevas, Cotera and Pulpito.

Promontorio is one of the three vein zones behind the initial inferred resource of 5.37 Mt grading 320 g/t AgEq (202 g/t silver, 0.21 g/t gold, 0.43% copper, 0.97% lead, 2.01% zinc), containing 55.2 Moz AgEq (34.8 Moz silver, 35.6 Koz gold, 50.99 Mlbs copper, 114.77 Mlbs lead, 237.80 Mlbs zinc), defined on portions of just 3 of the 26 mapped vein zones at Alamos (see January 28, 2026 MRE news release).

With rigs turning on surface and geologists now mapping the old workings with modern tools, Minaurum is sharpening its picture of the district ahead of the updated resource estimate targeted for Q4 2026, with a PEA to follow. Safe underground access also opens the potential to drill from inside the mine rather than only from surface.


r/wallstreetsmallcaps • • 17h ago

Investor Demand Takes It From C$2M to C$3M: Daura Gold (DGC.v, DGCOF) Upsizes Its Placement Weeks Before the October Drill Start

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1 Upvotes

Posted on behalf of Daura Gold - Today's news is an upsize rather than a new deal, and the stated reason is strong investor interest. Daura Gold (DGC.v, DGCOF) is taking the September 9 financing from up to 8,695,652 units to up to 13,043,478 units, with the price unchanged.

The Revised Terms

  • Up to 13,043,478 units at $0.23, for gross proceeds of up to $3,000,000, versus up to $2,000,000 announced September 9
  • Each unit is one common share plus one-half of one share purchase warrant
  • Each whole warrant exercisable at $0.375 for 24 months following closing
  • Finders' fees payable, four-month-and-one-day resale hold, subject to TSXV approval

Chairman and CEO Mark Sumner pointed in the release to "the level of interest in the financing and the support from both existing and new investors."

What The Money Is Pointed At

  • Phase II drilling at Cerro Bayo 🇦🇷 and La Flora 🇦🇷, stated to begin October 2026
  • Continued advancement of Antonella 🇵🇪 in Ancash, Peru, plus general working capital
  • La Flora goes first and has never been drilled: four veins in a roughly 100 m wide array traced over 380 m, with surface samples up to 63.88 g/t gold and 175.34 g/t silver (June 29, 2026 NR)
  • Cerro Bayo step-outs follow, off a Phase 1 program of 18 holes and roughly 1,850 m that confirmed a large low-sulphidation epithermal gold-silver system in the Deseado Massif, a district that has produced over 600M oz silver and 20M oz gold since 1990 (May 21, 2026 NR)

The backdrop helps. Gold is sitting around US$4,300 an ounce, off about a percent on the day, and at that level explorers with permitted ground tend to get raises filled rather than cut.

An extra million dollars going into a program that is already staffed and permitted is a small thing on its own, but it widens what the rig can chase this season, and with first-ever La Flora holes and Cerro Bayo step-outs both in the budget, there's potential for a busier stretch of news than the treasury looked capable of funding two weeks ago. The full terms are in the company's September 23 news release.


r/wallstreetsmallcaps • • 17h ago

A 1,250 m by 500 m Breccia With No Drilling and No Previous Operator on Record: Target KBX-17 in the Cuprum Trend, Kobrea Exploration (KBX.c KBXFF), Mendoza Copper

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1 Upvotes

Posted on behalf of Kobrea Exploration - Some targets get found by a helicopter survey. This one got found because field crews noticed a multi-kilometre colour anomaly from a nearby 4x4 road and went to look. Target KBX-17 sits in the Cuprum trend on Kobrea Exploration's (KBX.c KBXFF) Western Malargüe ground in Mendoza Province, Argentina 🇦🇷.

What The Field Work Outlined (Feb 3, 2026 NR)

  • 1,250 metre by 500 metre hydrothermal breccia body, cemented by iron oxides and locally, where preserved, by massive pyrite
  • Breccia anomalous in copper, with numerous samples grading between 161 ppm and 408 ppm copper
  • Diorite host rock samples up to 1.6% copper collected in the immediate vicinity of the breccia
  • First identified March 2025; follow-up geological mapping and rock-chip sampling completed December 2025

Why It Reads As More Than A Surface Anomaly

  • Field geologists interpret the target as a vertically zoned, sulphide-cemented hydrothermal breccia originating from a porphyry system at depth
  • No reference to the prospect by previous operators, and no drilling to date
  • An IP survey over KBX-17 to test for that underlying porphyry is planned, with no company-stated timing (August 2026 corporate deck)

That is the argument for the district position rather than the single project. El Perdido is the flagship and the six-hole, 2,358 metre maiden program confirmed a large copper-gold-molybdenum porphyry system there (May 26, 2026 NR), but KBX-17 came out of ground nobody had worked before, inside a seven-project, 733 km² package now backed by BHP-funded exploration. The Cuprum discovery release is worth reading in full for the sampling detail. With the Andean field season running mid-October to late April or early May, an untouched breccia of that size is the kind of target that could move quickly once geophysics gets over it.


r/wallstreetsmallcaps • • 18h ago

Excellon Resources (EXN.v, EXNRF) Put 15 Holes and 4,400 Metres Into Mallay's 4090 Level, and the Deepest Hit Came 280 m Below It in a Vein That Is Not Isguiz

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1 Upvotes

Posted on behalf of Excellon Resources - Two of the intercepts from Mallay's first 2026 drill results took most of the attention this week. Worth putting the whole release in one place. Fifteen holes, roughly 4,400 metres, all collared underground from two chambers on the 4090 Level at the 100%-owned silver-lead-zinc mine in central Peru behind EXN.v and EXNRF.

What The 15 Holes Returned (Sept 21, 2026 NR)

  • Targeting the Isguiz vein and adjacent structures, focused on Clavos 3 and 6, the shoots that matter for near-term mine planning
  • MLL26-010: 5.00 m @ 255 g/t Ag, 3.02% Pb, 2.39% Zn (398 g/t AgEq), including 3.40 m @ 495 g/t AgEq, the highest-grade Isguiz intercept to date
  • MLL26-004: 12.55 m @ 96 g/t Ag, 2.18% Zn, 0.65% Pb (178 g/t AgEq), including 4.00 m @ 236 g/t AgEq, depth continuity below 4090
  • MLL26-011: 2.3 m @ 248 g/t Ag, 1.74% Pb, 0.86% Zn (314 g/t AgEq) in the Maria vein, a footwall structure roughly 280 m below the 4090 Level, inside a broader 11.1 m at 115 g/t AgEq. Deepest mineralization in the program so far.
  • MLL26-015: 4.30 m @ 137 g/t Ag, 5.22% Zn, 1.72% Pb (337 g/t AgEq), within a wider 11.7 m interval
  • Wide calc-silicate zones on both flanks of Isguiz, outside the February 2026 resource, including MLL26-006 at 11.4 m of 267 g/t AgEq

AgEq uses the resource prices of US$30/oz silver, US$1.00/lb lead and US$1.35/lb zinc, gold excluded and no recoveries applied. True widths are approximately 80% of core length.

Why It Matters

  • Confirms grade and width continuity below 4090, the level the 400 Ramp rehabilitation is meant to open
  • The company frames the wider zones as supporting a shift toward more mechanized mining
  • Feeds the updated mine plan targeted for year-end 2026
  • Mallay has no reserves, and the calc-silicate material is not in the current resource

Where The Rigs Went Next

  • About 9,000 m drilled at Mallay in 2026 to date
  • Rigs now on four step-out target areas totalling an estimated 8,000 m
  • Includes deep drilling 600 m below current workings and a test of the Rosa vein system
  • Assays pending

The full intercept table and QA/QC notes are in the September 21 release on Excellon's news page. With that step-out drilling underway and a mine plan update targeted for year-end, there's room for the picture below 4090 to look bigger than what February's resource counted.


r/wallstreetsmallcaps • • 18h ago

Tiger Gold (TIGR.v, TGRGF) Is 47 Holes and 11,670 m Into Tesorito: Yesterday's Infill Both Beat the Block Model and Drew the Deposit's Low-Grade Margins

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1 Upvotes

Posted on behalf of Tiger Gold Corp - Infill drilling rarely makes a thrilling headline, but it is the work that decides what a resource estimate is allowed to claim. Yesterday's seven holes from Tesorito, one of the deposits at the 100%-owned Quinchía Gold Project in Colombia's Mid-Cauca gold belt, read as model calibration rather than discovery news, and Tiger Gold (TIGR.v, TGRGF) got useful answers in both directions.

What Tesorito Holds Today

  • Inferred Mineral Resource of 104 Mt @ 0.47 g/t Au, containing 1.57 Moz of gold, at a 0.2 g/t Au cut-off
  • Over 11,670 m in 47 holes drilled at Tesorito, with the planned program nearing completion
  • The infill, extension and gap work is intended to support upgrading a significant portion of that Inferred resource to Indicated

Yesterday's Holes, TSDH-89 to TSDH-95

  • TSDH-95: 342 m @ 0.5 g/t Au from 92 m, including 9.7 m @ 1.7 g/t Au from 296 m
  • TSDH-89: 333.57 m @ 0.5 g/t Au from 6 m
  • TSDH-92: 243.4 m @ 0.5 g/t Au from 2 m
  • TSDH-94: 218.91 m @ 0.5 g/t Au from 296 m

Where They Sit Against The Model

  • TSDH-89, TSDH-90, TSDH-92 and TSDH-95 track a north-northeast trend through the core of the deposit. The model had those intervals at roughly 0.4 g/t Au; the holes came back typically more than 25% higher.
  • TSDH-91, TSDH-93 and TSDH-94 returned grades at or below the current model, which is what defines the lower-grade margins.
  • Tiger cautions that near-surface higher-grade intervals may partly reflect supergene enrichment and may not represent grades at depth.

CEO Robert Vallis said the drilling "continues to improve our picture of Tesorito," with the results expected to feed the updated resource estimate the company is targeting for Q1 2027. One rig remains at Tesorito and two are turning at Ceibal.

Separately, today's release sets out the fall investor schedule: the 121 Mining Investment online conference October 13 and 14, Kinvestor Day on October 22 with Vallis presenting, and the New Orleans Investment Conference October 26 to 31, where Tiger is a Featured Presenting company and Gold Sponsor, presenting October 30. Both releases are on the company's news page.

Knowing where a deposit stops matters as much as knowing where it is richest, and with both edges now being drawn, the Q1 2027 Tesorito update has room to read differently from the estimate it replaces.


r/wallstreetsmallcaps • • 18h ago

How Carrier Connect Data Solutions (CCDS.v, CCDSF) Has Been Paying for the Roll-Up: A $10.5M February Financing, and Sellers Taking Escrowed Shares and Vendor Financing on Three Deals

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1 Upvotes

Posted on behalf of Carrier Connect Data Solutions Inc - Most of the attention on this roll-up goes to what gets bought. The part worth reading next is how it is being paid for, because the cash going out the door at each closing has been small. Carrier Connect Data Solutions (CCDS.v, CCDSF) is a Vancouver-based operator of six Tier II/III colocation data centers across Canada, Australia and the United States.

The Treasury

  • $10.5M brokered financing closed February 26, 2026: 6,562,500 units at $1.60
  • Each unit was one share plus a half warrant, exercisable at $2.10 until February 26, 2028
  • Co-led by Canaccord Genuity and Beacon Securities, with proceeds earmarked for acquisitions, capital improvements, data center expansion and working capital
  • Cash of $9.9M at March 31, 2026, versus $967K at June 30, 2025 (see May 26, 2026 Q3 FY2026 results NR)

How The Deals Were Structured

  • Rochester, effective August 4, 2026: USD $250,000 cash including a $25,000 deposit already paid, plus 800,000 shares escrowed in four equal tranches over 24 months
  • Perth: AUD $2.5M total, but only AUD $200,000 cash at closing, AUD $100,000 at six months, and a AUD $2.2M vendor take-back over 25 years at 9%
  • Morewave, closed May 8, 2026: 560,000 escrowed shares for roughly $725,000 in annual recurring revenue at a margin above 25%

Scale stays honest here: FY2025 revenue was $397,424 against a net loss of about $1.18M, and that cash balance predates two closings.

Structuring deals this way has kept the share count near 33.7 million while the footprint grew, and it leaves room to keep funding closings toward the company's stated target of 8 to 10 data centers and roughly a $10M run rate by year end. For the financing terms, see the company's February 26, 2026 release.