An update on the progress of its fully funded 2026 exploration program at the HWY 37 and Forrest Kerr Projects, located in the Golden Triangle of British Columbia.¹ Field crews mobilized in late May, and drilling commenced in June with three diamond drills currently active in the Hank-Mary District, supported by regional soil sampling, geophysical surveys, and surface exploration.
Beyond the Headline
The market was looking for more confirmation of the extent of the Hank porphyry especially indications that drilling was getting into the core of the porphyry. Discovery hole HW-25-11 intersected 425m at 0.15%Cu, 0.21g/t Au and 2.2 g/t Ag (0.40% CuEq). The original hole was extended to 983.5m (from 959m) still in porphyry alteration and mineralization when it was abandoned due to difficult drilling conditions. Hole HW-25-12, collared 350m northeast of HW-25-11, was likely the hole that caused the most concern as it intersected a zone of “elevated” sphalerite and galena from 57m to 219m followed by a zone of quartz-chlorite-pyrite pyrite stockwork followed by intense quartz-sericite-pyrite alteration to EOH. This hole is clearly a porphyry-flanking hole as noted in the press release. The market wanted to see a long intersection with chalcopyrite which was not the case.
Hole HW-26-13, collared ~370m north of HW-25-006 that returned 110m at 0.47 g/t Au, was drilled to 406m to test the Pits epithermal Au-Ag mineralization. Without assays it is hard to assess the significance of the hole except the description did not convey the sense that this hole intersected a strongly mineralized intersection. Hole HW-26-14, collared 800m north-northeast of HW-26-13, tested a chargeability anomaly but also intersected mineralization interpreted to be porphyry-flanking. Three holes (HW-26-015 to -017) are in progress to test the Hank Porphyry target. HW-25-016 intersected a 8.35m wide massive sulphide vein with sphalerite-pyrite-chalcopyrite-galena-carbonate-quartz with a hydrothermal interval with pyrite and local galena and sphalerite. Again, this sounds like more peripheral-style mineralization.