[Video Enhanced] Selkirk Copper 50,000 meter Drill Program Aims to Establish a 12-15 Year Mine Life

(TheNewswire)

Vancouver, BC – TheNewswire - February 23,2026 – Global Stocks News - Sponsored content disseminated on behalfof Selkirk Copper Mines Inc. On February 19, 2026 Selkirk Copper MinesInc. (TSXV: SCMI) (FSE: IO20) (OTCQB: SKRKF) announced new assay results from theon-going 50,000 meter drill program at the Minto Mine in Yukon,Canada.

In June 2025, Selkirk First Nation (SFN) purchased the former MintoMine out of bankruptcy, then partnered with the Frank Giustra-backedFiore Group to form Selkirk Copper Mines.

SCMI is derisking the Minto Mine through exploration, resourceexpansion, engineering and mine-planning, with the goal ofestablishing a 12-15 year mine life prior to production restart.

"These latest drill results continue to grow our confidence inthe Minto property, including the Minto North zone, Minto East zone,and Ridgetop zones. Combined with positive results from recentmetallurgical test work, we are making progress to have sufficientgrade and continuity to support our targeted 12-15 year mine life andrestart plan,” stated Colin Joudrie, Selkirk Copper President &CEO.

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“The assay results released on February 19, 2026 expand and extendestablished mineralized zones,” Joudrie told Guy Bennett, the CEO ofGlobal Stocks News (GSN), “adding to the potential mineable materialsupporting our targeted 12-15 year mine-life.”

Drill hole 25SCM042 tested an area of inferred resources within theuppermost lenses at Minto East, infilling an approximate 90-metre gapbetween historical drill holes.

Results confirm the continuity of high-grade mineralization throughthis gap, returning 3.37% copper,1.88 g/t gold, and 14.96 g/t silver over 6.5 meters, within abroader zone of 2.50% copper, 1.16 g/t gold and 9.90 g/t silver over15.2 meters from 101.3 meters equating to a copper equivalent of 3.45%

“Our exploration team has  carefully re-examined the full inheriteddrill hole database,” Joudrie told GSN. “We’re testing gapsbetween historical drill holes. The results from hole 25SCM042strengthen our view that once defined, these mineralized lenses willbe amenable to long-hole stoping, a cost-effective underground miningmethod”.

“In 2007 a gold and silver stream was sold to finance theconstruction of the Minto Mine,” Joudrie told GSN.

A metal streaming company cuts a cheque to a mining company to funddevelopment costs in exchange for the right to purchase a percentageof future metal production at a predetermined, discounted price. In arising metal price environment, that discount can become onerous forthe miner.

“The bankruptcy process extinguished that long-standing gold andsilver stream on the Minto Mine,” explained Joudrie. “This freesup about 35% of the value of the ore in the ground.”

The revenue from the sale of precious metal by-products will now godirectly to the operator.  With gold trading at about US$5,000 perounce and silver trading at US$80 per ounce, the potential positiveeffect on Selkirk Copper’s bottom line is significant.  

Drilling at the Ridgetop zone continues to expand the extents ofnear-surface mineralization to the south and southwest. Five holesfrom Ridgetop drilled in October intersected mineralizationsignificantly above the 2025 MRE open pit cutoff-grade of 0.30% CuEq.

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The current drill program will inform an updated and integrated mineplan, which is the basis for the trade-off study and the PreliminaryEconomic Assessment (PEA).

“A trade-off study comparesmultiple design, operational and strategic options to determine thebest approach for the mine restart,” Joudrie told GSN. “Thecriteria being analysed includes open and underground mining locales,mining rates, processing equipment, capital costs, and productionrates while ensuring we meet our environmental and safety objectives.The trade-off study allows us to make informed decisions duringproject planning.”

“The objective of the PEA is to evaluate the economic viability ofthe Minto Mine, before spending money on more detailed drilling andadvanced design & engineering studies,” added Joudrie.

In the 10-minute VRIC Media video below, Joudrie explains the valueproposition for Selkirk Copper shareholders.

“We've been working with the Selkirk First Nation through acomplex bankruptcy proceeding,” stated Joudrie in the video address.“We’ve developed trust and communication over a two-year process.That resulted in Selkirk Copper raising C$45 million in the latterpart of 2025.”

On November 3, 2025 Currie Dixon's Yukon Party formed a majority government in theYukon’s territorial election, marking the party'sreturn to power after nine years in opposition.

Dixon’s party pledged to “Complete the modernization of mininglegislation by working with First Nation governments and theresponsible mining industry to create a legislative framework for theterritory’s largest private sector industry.”

“The goals of the new Yukon government align with our corporate andsocial goals,” Joudrie told GSN. “SFN’s 22.3% equity position inSelkirk Copper, combined with their working knowledge of the mine, thesurrounding territory, and the relationships they have with theYukon’s Department of Energy, Mines and Resources, make them aninvaluable partner.”

“For SFN, this mine restart mission isn’t just about jobs and anet smelter royalty. They are spearheading a transformational shift inthe way indigenous groups participate in the mining industry,” addedJoudrie.

As of February 12, 39,315 metres of drilling in 144 drill holes havebeen completed, or 78% of the planned 50,000 metre Phase 1 drillprogram. The Phase 1 drill program is expected to be completed bymid-March.

Selkirk Copper is targeting the release of the trade-off study and PEAfor mid-year 2026.

Technical aspects of this news release have been reviewed, verifiedand approved by Stacie Jones-Clark, P.Geo., Vice President Explorationof Selkirk Copper Mines Inc., who is a qualified person as defined byNational Instrument 43-101 - Standards of Disclosure for MineralProjects.

References: See 2025-08-06 Technical Report"NI 43-101 2025 MineralResource Estimate Update for the Minto Property, Yukon,Canada" effective date 2025-04-07 filed by VenerableVentures Ltd., available on SEDAR+ (sedarplus.ca).

Disclaimer: Selkirk Copper Mines paid GSN $1,750 for the research,creation and dissemination of this content.

Contact: guy.bennett@globalstocksnews.com

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