# Selkirk Copper Completes Phase 1 Drill Program and Assumes Site Responsibility for Minto Copper-Gold-Silver Mine Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/selkirk-copper-completes-phase-1-drill-program-and-assumes-site-responsibility-f--66058d3c-2aa9-46d6-972d-0ed8eca4bb75 Original source: https://money.tmx.com/en/quote/SCMI/news/7501286951677738/selkirk-copper-completes-phase-1-drill-program-and-assumes-site-responsibility-f Publisher: tmx Original announcement: 2026-04-15T11:00:00.000Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - Company: Selkirk Copper Mines Inc. - Ticker: SCMI - Exchange: TSX - Region: Yukon - Primary commodity: Copper - Secondary commodities: Gold, Silver - Document categories: Drill results, Resource update, Other - Extracted: 2026-08-22 10:51:55 UTC Narrative sentiment: 0.70 · Bullish ## Minestarters Atlas summary Selkirk Copper has completed its 52,288m Phase 1 drill program in the Yukon, reporting high success rates and the discovery of a new mineralized lens in Area 118. The company has also assumed responsibility for the Minto Mine site and is working toward an updated Mineral Resource Estimate and PEA in mid-2026. Reasoning: The company completed a significant 52km drill program with high success rates and discovered a new lens, while also taking over site operations, marking a major transition toward project restart. - Positive factor: Successful completion of large-scale Phase 1 drill program - Positive factor: High success rate \(87%\) of mineralized intercepts - Positive factor: Discovery of new mineralized lens in Area 118 - Positive factor: High-grade intercepts in Minto North - Positive factor: Assumption of site responsibility for Minto Mine - Negative factor: Only 48% of Phase 1 assay results released to-date Facts used in scoring: 21 ## Classification and evidence **Step-Out Extension** Polarity: positive Definition: Mineralization extended beyond the previously known limit. Why it applies: Resource expansion drilling stepped-out along sub-horizontal mineralized lenses. Evidence · text > resource expansion drilling stepped-out along sub-horizontal mineralized lenses **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: Release includes detailed QA/QC procedures, including certified reference materials and lab accreditation. Evidence · text > subject to Company standard internal quality control and quality assurance \(QAQC\) programs **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: A significant portion of the Minto project resource is in the Inferred category. Evidence · table > Inferred Context: 9,496 ## Extracted facts Stored fact records: 21. Some facts used in scoring do not have a stored record. ## Drill Results (21) ### 25SCM043 [Link to this fact](https://atlas-staging.minestarters.com/news/selkirk-copper-completes-phase-1-drill-program-and-assumes-site-responsibility-f--66058d3c-2aa9-46d6-972d-0ed8eca4bb75#fact-drill-facts-0) Minto · copper Historical result Needs review: historical\_restatement #### Identity - Hole ID: 25SCM043 - Project: Minto - Commodity: copper - Region: canada\_yt - Reported Region: Yukon - Ticker: SCMI #### Geometry - Grade: 3.52 - Grade Unit: % - Intercept: 16.7 m #### Classification - Sample Type: drill - Group ID: 25SCM043:unknown-unknown #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2025-02-19T00:00:00.000Z #### Dates - Event date: 2026-04-15T00:00:00.000Z Reasoning: 3.52% Cu is an exceptional grade for this deposit type and is noted as being in the top 99th percentile of the database. - Positive factor: High grade intercept Evidence · text > 25SCM043... intersected 3.52% Cu, 3.51 g/t Au and 17.04 g/t Ag \(6.3% CuEq\) over 16.7 m ### 25SCM043 [Link to this fact](https://atlas-staging.minestarters.com/news/selkirk-copper-completes-phase-1-drill-program-and-assumes-site-responsibility-f--66058d3c-2aa9-46d6-972d-0ed8eca4bb75#fact-drill-facts-1) Minto · gold Historical result Needs review: historical\_restatement #### Identity - Hole ID: 25SCM043 - Project: Minto - Commodity: gold - Region: canada\_yt - Reported Region: Yukon - Ticker: SCMI #### Geometry - Grade: 3.51 - Grade Unit: g/t - Intercept: 16.7 m #### Classification - Sample Type: drill - Group ID: 25SCM043:unknown-unknown #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2025-02-19T00:00:00.000Z #### Dates - Event date: 2026-04-15T00:00:00.000Z Reasoning: 3.51 g/t Au is a strong grade for this deposit type. - Positive factor: High grade intercept Evidence · text > 25SCM043... intersected 3.52% Cu, 3.51 g/t Au and 17.04 g/t Ag \(6.3% CuEq\) over 16.7 m ### 25SCM043 [Link to this fact](https://atlas-staging.minestarters.com/news/selkirk-copper-completes-phase-1-drill-program-and-assumes-site-responsibility-f--66058d3c-2aa9-46d6-972d-0ed8eca4bb75#fact-drill-facts-2) Minto · silver Historical result Needs review: historical\_restatement #### Identity - Hole ID: 25SCM043 - Project: Minto - Commodity: silver - Region: canada\_yt - Reported Region: Yukon - Ticker: SCMI #### Geometry - Grade: 17.04 - Grade Unit: g/t - Intercept: 16.7 m #### Classification - Sample Type: drill - Group ID: 25SCM043:unknown-unknown #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2025-02-19T00:00:00.000Z #### Dates - Event date: 2026-04-15T00:00:00.000Z Reasoning: Silver grade is part of a high-grade polymetallic intercept. Evidence · text > 25SCM043... intersected 3.52% Cu, 3.51 g/t Au and 17.04 g/t Ag \(6.3% CuEq\) over 16.7 m ### 25SCM043 [Link to this fact](https://atlas-staging.minestarters.com/news/selkirk-copper-completes-phase-1-drill-program-and-assumes-site-responsibility-f--66058d3c-2aa9-46d6-972d-0ed8eca4bb75#fact-drill-facts-3) Minto · copper Historical result Needs review: historical\_restatement #### Identity - Hole ID: 25SCM043 - Project: Minto - Commodity: copper - Region: canada\_yt - Reported Region: Yukon - Ticker: SCMI #### Geometry - Grade: 2.09 - Grade Unit: % - Intercept: 32.9 m #### Classification - Sample Type: drill - Group ID: 25SCM043:broader-zone #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2025-02-19T00:00:00.000Z #### Dates - Event date: 2026-04-15T00:00:00.000Z Reasoning: 2.09% Cu over 32.9m is a very strong intercept for a copper project. - Positive factor: Significant width Evidence · text > within a broader zone of 2.09% Cu, 1.84 g/t Au and 9.48 g/t Ag \(2.9% CuEq\) over 32.9 m ### 25SCM043 [Link to this fact](https://atlas-staging.minestarters.com/news/selkirk-copper-completes-phase-1-drill-program-and-assumes-site-responsibility-f--66058d3c-2aa9-46d6-972d-0ed8eca4bb75#fact-drill-facts-4) Minto · gold Historical result Needs review: historical\_restatement #### Identity - Hole ID: 25SCM043 - Project: Minto - Commodity: gold - Region: canada\_yt - Reported Region: Yukon - Ticker: SCMI #### Geometry - Grade: 1.84 - Grade Unit: g/t - Intercept: 32.9 m #### Classification - Sample Type: drill - Group ID: 25SCM043:broader-zone #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2025-02-19T00:00:00.000Z #### Dates - Event date: 2026-04-15T00:00:00.000Z Reasoning: 1.84 g/t Au over 32.9m is a solid economic grade. Evidence · text > within a broader zone of 2.09% Cu, 1.84 g/t Au and 9.48 g/t Ag \(2.9% CuEq\) over 32.9 m ### 25SCM043 [Link to this fact](https://atlas-staging.minestarters.com/news/selkirk-copper-completes-phase-1-drill-program-and-assumes-site-responsibility-f--66058d3c-2aa9-46d6-972d-0ed8eca4bb75#fact-drill-facts-5) Minto · silver Historical result Needs review: historical\_restatement #### Identity - Hole ID: 25SCM043 - Project: Minto - Commodity: silver - Region: canada\_yt - Reported Region: Yukon - Ticker: SCMI #### Geometry - Grade: 9.48 - Grade Unit: g/t - Intercept: 32.9 m #### Classification - Sample Type: drill - Group ID: 25SCM043:broader-zone #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2025-02-19T00:00:00.000Z #### Dates - Event date: 2026-04-15T00:00:00.000Z Reasoning: Silver grade is part of a significant polymetallic intercept. Evidence · text > within a broader zone of 2.09% Cu, 1.84 g/t Au and 9.48 g/t Ag \(2.9% CuEq\) over 32.9 m ### 25SCM057 [Link to this fact](https://atlas-staging.minestarters.com/news/selkirk-copper-completes-phase-1-drill-program-and-assumes-site-responsibility-f--66058d3c-2aa9-46d6-972d-0ed8eca4bb75#fact-drill-facts-6) Minto · copper Historical result Needs review: historical\_restatement #### Identity - Hole ID: 25SCM057 - Project: Minto - Commodity: copper - Region: canada\_yt - Reported Region: Yukon - Ticker: SCMI #### Geometry - Grade: 0.76 - Grade Unit: % - Intercept: 29.7 m #### Classification - Sample Type: drill - Group ID: 25SCM057:unknown-unknown #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2026-03-25T00:00:00.000Z #### Dates - Event date: 2026-04-15T00:00:00.000Z Reasoning: 0.76% Cu over 29.7m in a newly discovered lens at depth is a significant exploration success. - Positive factor: Step-out extension - Positive factor: Discovery of new lens Evidence · text > drill hole 25SCM057 which intersected 0.76% Cu, 0.42 g/t Au, and 3.56 g/t Ag \(1.15 % CuEq\) over 29.7 m ### 25SCM057 [Link to this fact](https://atlas-staging.minestarters.com/news/selkirk-copper-completes-phase-1-drill-program-and-assumes-site-responsibility-f--66058d3c-2aa9-46d6-972d-0ed8eca4bb75#fact-drill-facts-7) Minto · gold Historical result Needs review: historical\_restatement #### Identity - Hole ID: 25SCM057 - Project: Minto - Commodity: gold - Region: canada\_yt - Reported Region: Yukon - Ticker: SCMI #### Geometry - Grade: 0.42 - Grade Unit: g/t - Intercept: 29.7 m #### Classification - Sample Type: drill - Group ID: 25SCM057:unknown-unknown #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2026-03-25T00:00:00.000Z #### Dates - Event date: 2026-04-15T00:00:00.000Z Reasoning: Gold grade is part of a significant discovery intercept. Evidence · text > drill hole 25SCM057 which intersected 0.76% Cu, 0.42 g/t Au, and 3.56 g/t Ag \(1.15 % CuEq\) over 29.7 m ### 25SCM057 [Link to this fact](https://atlas-staging.minestarters.com/news/selkirk-copper-completes-phase-1-drill-program-and-assumes-site-responsibility-f--66058d3c-2aa9-46d6-972d-0ed8eca4bb75#fact-drill-facts-8) Minto · silver Historical result Needs review: historical\_restatement #### Identity - Hole ID: 25SCM057 - Project: Minto - Commodity: silver - Region: canada\_yt - Reported Region: Yukon - Ticker: SCMI #### Geometry - Grade: 3.56 - Grade Unit: g/t - Intercept: 29.7 m #### Classification - Sample Type: drill - Group ID: 25SCM057:unknown-unknown #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2026-03-25T00:00:00.000Z #### Dates - Event date: 2026-04-15T00:00:00.000Z Reasoning: Silver grade is part of a significant discovery intercept. Evidence · text > drill hole 25SCM057 which intersected 0.76% Cu, 0.42 g/t Au, and 3.56 g/t Ag \(1.15 % CuEq\) over 29.7 m ### Fact 10 [Link to this fact](https://atlas-staging.minestarters.com/news/selkirk-copper-completes-phase-1-drill-program-and-assumes-site-responsibility-f--66058d3c-2aa9-46d6-972d-0ed8eca4bb75#fact-drill-facts-9) copper #### Identity - Commodity: copper - Ticker: SCMI #### Geometry - Grade: 0.897 - Grade Unit: % #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-04-15T00:00:00.000Z Reasoning: Indicated resource for open pit component. Evidence · table > 0.897 Context: 6,085 ### Fact 11 [Link to this fact](https://atlas-staging.minestarters.com/news/selkirk-copper-completes-phase-1-drill-program-and-assumes-site-responsibility-f--66058d3c-2aa9-46d6-972d-0ed8eca4bb75#fact-drill-facts-10) gold #### Identity - Commodity: gold - Ticker: SCMI #### Geometry - Grade: 0.274 - Grade Unit: g/t #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-04-15T00:00:00.000Z Reasoning: Indicated resource for open pit component. Evidence · table > 0.274 Context: 6,085 ### Fact 12 [Link to this fact](https://atlas-staging.minestarters.com/news/selkirk-copper-completes-phase-1-drill-program-and-assumes-site-responsibility-f--66058d3c-2aa9-46d6-972d-0ed8eca4bb75#fact-drill-facts-11) silver #### Identity - Commodity: silver - Ticker: SCMI #### Geometry - Grade: 2.9 - Grade Unit: g/t #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-04-15T00:00:00.000Z Reasoning: Indicated resource for open pit component. Evidence · table > 2.9 Context: 6,085 ### Fact 13 [Link to this fact](https://atlas-staging.minestarters.com/news/selkirk-copper-completes-phase-1-drill-program-and-assumes-site-responsibility-f--66058d3c-2aa9-46d6-972d-0ed8eca4bb75#fact-drill-facts-12) copper #### Identity - Commodity: copper - Ticker: SCMI #### Geometry - Grade: 0.702 - Grade Unit: % #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-04-15T00:00:00.000Z Reasoning: Inferred resource for open pit component. Evidence · table > 0.702 Context: 9,496 ### Fact 14 [Link to this fact](https://atlas-staging.minestarters.com/news/selkirk-copper-completes-phase-1-drill-program-and-assumes-site-responsibility-f--66058d3c-2aa9-46d6-972d-0ed8eca4bb75#fact-drill-facts-13) gold #### Identity - Commodity: gold - Ticker: SCMI #### Geometry - Grade: 0.162 - Grade Unit: g/t #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-04-15T00:00:00.000Z Reasoning: Inferred resource for open pit component. Evidence · table > 0.162 Context: 9,496 ### Fact 15 [Link to this fact](https://atlas-staging.minestarters.com/news/selkirk-copper-completes-phase-1-drill-program-and-assumes-site-responsibility-f--66058d3c-2aa9-46d6-972d-0ed8eca4bb75#fact-drill-facts-14) silver #### Identity - Commodity: silver - Ticker: SCMI #### Geometry - Grade: 2.4 - Grade Unit: g/t #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-04-15T00:00:00.000Z Reasoning: Inferred resource for open pit component. Evidence · table > 2.4 Context: 9,496 ### Fact 16 [Link to this fact](https://atlas-staging.minestarters.com/news/selkirk-copper-completes-phase-1-drill-program-and-assumes-site-responsibility-f--66058d3c-2aa9-46d6-972d-0ed8eca4bb75#fact-drill-facts-15) copper #### Identity - Commodity: copper - Ticker: SCMI #### Geometry - Grade: 1.489 - Grade Unit: % #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-04-15T00:00:00.000Z Reasoning: Indicated resource for underground component. Evidence · table > 1.489 Context: 6,504 ### Fact 17 [Link to this fact](https://atlas-staging.minestarters.com/news/selkirk-copper-completes-phase-1-drill-program-and-assumes-site-responsibility-f--66058d3c-2aa9-46d6-972d-0ed8eca4bb75#fact-drill-facts-16) gold #### Identity - Commodity: gold - Ticker: SCMI #### Geometry - Grade: 0.636 - Grade Unit: g/t #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-04-15T00:00:00.000Z Reasoning: Indicated resource for underground component. Evidence · table > 0.636 Context: 6,504 ### Fact 18 [Link to this fact](https://atlas-staging.minestarters.com/news/selkirk-copper-completes-phase-1-drill-program-and-assumes-site-responsibility-f--66058d3c-2aa9-46d6-972d-0ed8eca4bb75#fact-drill-facts-17) silver #### Identity - Commodity: silver - Ticker: SCMI #### Geometry - Grade: 5.6 - Grade Unit: g/t #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-04-15T00:00:00.000Z Reasoning: Indicated resource for underground component. Evidence · table > 5.6 Context: 6,504 ### Fact 19 [Link to this fact](https://atlas-staging.minestarters.com/news/selkirk-copper-completes-phase-1-drill-program-and-assumes-site-responsibility-f--66058d3c-2aa9-46d6-972d-0ed8eca4bb75#fact-drill-facts-18) copper #### Identity - Commodity: copper - Ticker: SCMI #### Geometry - Grade: 1.281 - Grade Unit: % #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-04-15T00:00:00.000Z Reasoning: Inferred resource for underground component. Evidence · table > 1.281 Context: 14,162 ### Fact 20 [Link to this fact](https://atlas-staging.minestarters.com/news/selkirk-copper-completes-phase-1-drill-program-and-assumes-site-responsibility-f--66058d3c-2aa9-46d6-972d-0ed8eca4bb75#fact-drill-facts-19) gold #### Identity - Commodity: gold - Ticker: SCMI #### Geometry - Grade: 0.539 - Grade Unit: g/t #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-04-15T00:00:00.000Z Reasoning: Inferred resource for underground component. Evidence · table > 0.539 Context: 14,162 ### Fact 21 [Link to this fact](https://atlas-staging.minestarters.com/news/selkirk-copper-completes-phase-1-drill-program-and-assumes-site-responsibility-f--66058d3c-2aa9-46d6-972d-0ed8eca4bb75#fact-drill-facts-20) silver #### Identity - Commodity: silver - Ticker: SCMI #### Geometry - Grade: 4.9 - Grade Unit: g/t #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-04-15T00:00:00.000Z Reasoning: Inferred resource for underground component. Evidence · table > 4.9 Context: 14,162 ## How Atlas produces this analysis Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.