Epic Gold reports inferred gold resource at Ontario's McKinnon deposit

Updated Oct 8, 2026 12:31pm ET

Markets

The S&P/TSX Composite was up 0.11% at 35,079.93 in midday trade. Oil was the main story, up 5.18% at US$92.85 so far today as reports of stepped-up Iranian attacks on tankers kept supply worries in focus around the Strait of Hormuz, where tanker traffic has dropped to a two-month low. Gold was down 0.14% at US$4,134.9 so far today, while the Canadian dollar was up 0.04% at 0.70170 against the US dollar. Statistics Canada reported July retail sales of $77.8 billion, up 5.0% from a year earlier, with higher sales in 14 of 18 commodity classes.

Venture & CSE

The S&P/TSX Venture Composite was down 1.68% at 862.47 and the CSE Composite down 1.12% at 149.47 in midday trade. Silver was down 2.18% at US$58.980 so far today, and gold was down 0.14%. On the CSE, Epic Gold released its first current resource estimate for the McKinnon deposit, part of the Hawkins project in northern Ontario, outlining an inferred resource of 440,400 ounces from 14.0 million tonnes grading 0.98 g/t. Financings continued: Kirkland Lake Discoveries (TSXV: KLDC) said it raised $20 million from an upsized financing, and Westward Gold (CSE: WG) said it closed an $8.2 million non-brokered private placement for Nevada exploration. Altamira Gold (TSXV: ALTA) reported drill and trench results from Maria Bonita in Brazil, including a 134-metre interval at 0.5 g/t gold. Statistics Canada put critical mineral production's contribution at $26.3 billion in 2024, roughly 0.9% of GDP.

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Oct 8, 2026 12:26pm ET

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Written by AI based upon public market data and company news releases, and checked automatically before publishing. Company statements are reported as the companies made them. Not investment advice.