Selkirk Copper to launch Yukon feasibility study in Q3 2026

Selkirk Copper Mines Inc. [SCMI-TSXV, SKRKF-OTCQB, 1020-FRA] has announced initial results from the Phase 2.0 drill program at the Minto Project in Yukon, Canada. The program began in May, 2026.

The company said initial assay results from exploration drilling demonstrate continued potential for expansion of high-grade mineralized zones. At the Minto East target, a 50-metre step-out intersected 2.33% copper, 1.98 g/t gold and 22.3 g/t silver (4.23% CuEq) over 4.3 metres. At the Minto North target, a 30-metre step out intersected 2.22% copper, 0.41 g/t gold, and 5.3 g/t silver (2.39% CuEq) over 4.5 metres.

“I continue to be impressed with the Selkirk Copper team’s ability to progress a wide range of technical and commercially focused work programs in support of the planned feasibility study which is expected to commence in Q3, 2026,’’ said Selkirk President and CEO Colin Joudrie.  “The data being collected in the Phase 2.0, 50,000-metre program, including geotechnical data collection, geometallurgical testwork, and infill drilling, will support feasibility level detailed mine plans,’’ he said. “Excellent drill productivity has the Phase 2 program completing well ahead of schedule which further demonstrates the team’s ability to execute our planned work on time and below budge.’’

Joudrie went on to say that the exploration and discovery team, applying fundamental geoscience and experience, closely coordinated with resource modeling and mine planning teams, continues to meaningfully expand zones of mineralization at Minto North, Minto East, Copper Keel, Ridgetop, 118, and the newly discovered 117 and 301 lenses, all of which are being translated into integrated mine plans. “A key objective of the Phase 1.0 and Phase 2.0 drill program is to make meaningful additions to mine life in a cost-effective manner, thus far we are meeting that objective.’’

“The company said the updated mineral resource estimate and preliminary economic assessment are on target for completion in the second half of July which, respectively, will demonstrate the prospectivity of the geological system as well as the fundamentals of the investment opportunity we see in the Minto Project.’’

On Thursady, Selkirk shares rose 2.59% or $0.04 to $1.58. 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.

In its latest press release, the company said the planned 50,000 Phase 2.0 drill program is advancing rapidly and ahead of schedule, with 27,300 metres completed during the first two months of drilling.