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1/ DRILL RESULTS 🚨 Our first drill program at Mary March in years is in — and every hole hit. 4 for 4, including the WIDEST massive sulphide intercept in the project's history: 15.6 m @ 2.3% CuEq, incl. 5 m @ 3.9%. And the target is far bigger than four holes. 🧵 $ROX.V
Canstar Resources Inc. retweeted
We need to mine as much copper in the next 18 years as we have mined in the past 10,000 years, which is 700-800 million tonnes... and that's without the AI demand.
Including AI demand, @BMO estimates we need ~35,000 tonnes of copper per gigawatt of installed data centre capacity... And according to S&P, by 2030, installed data centre capacity in the US is expected to reach 152 GW (~62 GW today).
4/ Context: our intercept sits ~100 m along strike from a 1999 hole that cut 9.63 m @ 9.0% CuEq (historical). Both are displaced by faults. That structural puzzle is why this sat misread for 25 years — exactly what our model was built to solve.
5/ Follow-on is already moving:
⛏ assays on 3 more holes through September
📡 borehole EM to identify potential conductive sulphide beyond the holes
🚁 fall drilling targeted for October (subject to rig availability)
Funded under our earn-in with VMS Mining. Release + figures: bit.ly/4qHmmqX
$ROX.V
🧵1/In 1999, a discovery hole at Mary March cut 9.63 m of 10.1% Zn, 0.64% Cu, 1.8% Pb, 122 g/t Ag and 4.2 g/t Au (historical, pre-NI 43-101 — not necessarily indicative). Exploration was limited at the project for 20+ years. We think that hole was the beginning, not the end.
3/ The untested gaps between those holes are large enough to host one or more massive sulphide lenses and a system of this scale has potential for more than one. We're now targeting the gaps systematically: a 3D model built from re-logged core, geochemistry and geophysics, tested hole by hole.
4/ Hole one of 2026: intervals totalling ~271 m of altered, sulphide-bearing rhyolite, drilled through to the basal contact — the very horizon VMS lenses typically form on. It entered the target within ~10 m of where the model predicted. Visual observations only; assays pending.
5/ The context that makes it special: independent geochemistry (312 new analyses) finds Mary March strikingly similar to the Buchans succession — 16.2 Mt at some of the highest VMS grades ever mined, 20 km away (historical). Full picture: bit.ly/MM_26_1
$ROX.V
Our earn-in partner just added conviction: an additional $2.0M received from VMS Mining Corp brings total VMSC funding to $4.0M — $3.5M this year — accelerating a portion of Phase 2 ahead of the remaining milestones. The 2026 Mary March drill program is fully funded and turning. Assays pending.
$ROX.V
Two photos from our core yard in Millertown, Newfoundland. The difference between them is the story of how we rebuilt Mary March.
The payoff showed up in hole one: the target rhyolite came in within ~10 m of where the model predicted (July 8 release). Every fresh box from the current program is logged the same way — the model sharpens with every metre.
Friday's photo from CEO site visit: organized, catalogued, and — deliberately — room for a lot more core. That's what a serious exploration program looks like.
$ROX.V
Canstar Resources Inc. retweeted
Just arrived in Millertown to see the new drill core. Dr. Harold Gibson is also on site.
@Canstar_Rox – at Millertown, Newfoundland and Labrador
Our first drill hole at Mary March since 2019 entered the target rhyolite at 390.6 m — within ~10 m of where our 3D model predicted — then traced 271 m of altered, sulphide-bearing rhyolite. Visual results only; assays pending. Hole 2 is underway. $ROX.V
What are we actually drilling for at Mary March?
🧵 Our first program since 2019 is testing a brand-new geological model — and the story is all about the rhyolite. A short thread on the targets and why they're interesting. $ROX.V #VMS #mining #Newfoundland
3/ The plan: extend a hole through the most-altered SE-limb rhyolite, SW into the rhyolite, and test the NW anomaly. Multiple, one new model, first drilling since 2019. Follow along as it advances. $ROX.V #VMS #Newfoundland #drilling