Selkirk Copper shares rally on Yukon mineral resource update – Resource World Magazine

Selkirk Copper Announces Updated Mineral Resource Estimate with 182% Increase in Measured & Indicated Copper and 184% Increase in Measured & Indicated Gold - PressReach

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Selkirk Copper shares rally on Yukon mineral resource update – Resource World Magazine

Selkirk Copper Mines Inc. [SCMI-TSXV, SKRKF-OTCQB, 1020-FRA] has announced an updated mineral resource estimate for its Minto Project in Yukon, Canada. The updated resource is being used for a new preliminary resource estimate (PEA). The company said the 2026 estimate establishes a measured and indicated resource of 47.8 million tonnes at 0.89% copper, 0.34 g/t gold, and 3.2 g/t silver totalling 940 million pounds of copper, 530,000 ounces of gold, and 4.97 million ounces of silver. That marks an increase of 182%, 184% and 188% respectively in comparison to an earlier 2025 estimate. The measured and indicated resources include 26.0 million tonnes of underground resources at 1.14% copper, 0.49 g/t gold and 4.4 g/t silver, and 21.8 million tonnes of open pit resources at 0.59% copper, 0.17 g/t gold and 1.8 g/t silver. The company said an additional 16.9 million tonnes of inferred resource have been delineated, including 16.9 million tonnes at 0.76% copper, 0. 26 g/t gold, and 2.7 g/t silver, totalling 281 million pounds of copper, 142,000 ounces of gold and 1.5 million ounces of silver. “Mineralization remains open laterally and at depth, across the central mine area, and there are several potential drill targets for follow-up in future exploration, definition and delineation work,’’ the company said in a press release. Meanwhile, an ongoing 50,000 metre-Phase 2.0 drill program is 75% complete. Results from this program are not included in the latest resource update. However, the company said initial assay results and visual drill logs continue to show expansion potential across each of the mineralized zones in the central mine area.’ Selkirk Copper shares advanced on the news, rising 9.4% or 17 cents to $1.98. The shares trade in a 52-week range of $2.24 and 42 cents. Selkirk Copper is a newly formed company with a controlling interest held by Selkirk First Nation through its wholly owned subsidiary that is completing a drilling campaign and a restart and redevelopment plan at the former Minto mine. Selkirk First Nation is based in Pelly Crossing, a community in central Yukon. Selkirk Copper controls 26,850 hectares of prospective mineral claims located in the Minto-Carmacks copper belt as well as significant open-pit and underground infrastructure, a 4,100 tonne per day processing plant, 400-person camp, water treatment facilities, numerous ancillary buildings and mobile equipment centred on the Minto mine. “Growing the measured and indicated resource category by 280% in our Phase 1.0 drill program demonstrates the significant potential to grow minable resources within the Minto Mine property in a cost-effective and timely manner,’’ said Selkirk President and CEO Colin Joudrie.  “It supports the overall restart program objectives and strongly suggests that we have the opportunity to further upgrade and enhance the quality of the copper-gold-silver mineralized lenses which have the potential to further improve the quality of our mine plans in the upcoming feasibility study as well as into the future,’’ he said.