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Venerable Ventures ( (TSE:SCMI) ) just unveiled an update.
Selkirk Copper has completed its Phase 1 drill campaign at the Minto mine, executing 52,288 metres across 175 holes, one of Yukon’s largest programs in a decade, with no lost-time injuries and productivity above plan. Early results show 87% of holes intersecting significant mineralized zones, with remaining assays due by late May to feed an updated mineral resource estimate and a preliminary economic assessment targeted for mid-2026.
As of April 1, 2026, the company has also assumed responsibility for Minto site operations, shifting the asset from simple care and maintenance toward resource growth, engineering studies and broader technical work ahead of a potential restart decision in mid-2027. Selkirk has strengthened its leadership by appointing Shiro Rae as Director of Business Planning and Site Operations, adding large-scale project and Indigenous partnership experience seen as critical to the mine’s redevelopment path.
More about Venerable Ventures
Selkirk Copper Mines Inc. is a Canadian mineral exploration and development company focused on the Minto copper-gold-silver mine in Yukon. The company is advancing resource expansion, technical studies and site operations as it works toward a potential restart of the Minto operation, with an emphasis on safe drilling performance and collaboration with local First Nation partners.
Average Trading Volume: 701,329
Technical Sentiment Signal: Buy
Current Market Cap: C$123.8M
Find detailed analytics on SCMI stock on TipRanks’ Stock Analysis page.