Andina Copper Hits 76 Meters of 1% Copper at Cobrasco, Plus a Yukon Gold Intercept and a Uranium Resource Update

Mining & Minerals

Andina Copper Drills 76 Meters of 1.00% Copper From 52 Meters at Cobrasco

Andina Copper (TSXV: ANDC, OTCQB: PMMCF) reported assays November 5 from hole CDH014 at its Cobrasco porphyry copper-molybdenum discovery in Chocó, Colombia. The hole returned 212 meters grading 0.50% copper and 112 ppm molybdenum from 52 meters downhole, including 76 meters at 1.00% copper and 191 ppm molybdenum, and within that, 32 meters at 1.48% copper and 272 ppm molybdenum from 60 meters.

CDH014 was collared on the same pad as CDH013, about 350 meters northwest of the previous pad, to test whether CDH013’s shallow grades held up vertically. They did, to a point. Copper grades fell below 0.2% beneath roughly 264 meters downhole, so this is a near-surface high-grade zone. Part of the upper copper sits as supergene chalcocite, where weathering fluids have partly replaced the primary chalcopyrite and bornite and enriched the copper close to surface.

Fourteen holes and about 11,000 meters now outline a drill-defined footprint of roughly 1,300 meters by 550 to 700 meters, open in multiple directions. Intervals are downhole core lengths calculated at a 0.2% copper cutoff, true widths are not stated, and Cobrasco has no mineral resource estimate. Chocó carries jurisdiction and operating risk that a Canadian project doesn’t. The company’s continuous disclosure is on SEDAR+.

Sitka Gold Drills 41.7 Meters of 2.20 g/t Gold at RC Gold’s Contact Zone

Sitka Gold (TSXV: SIG, OTCQX: SITKF) released results November 5 from the 60,000 meter drill program it completed in 2026 at the RC Gold Project in the Yukon’s Tombstone Gold Belt. At the Contact Zone, hole DDRCCC-26-162 returned 74.8 meters of 1.31 g/t gold starting 5.2 meters downhole, including 41.7 meters of 2.20 g/t gold and a 1.2 meter interval of 53.10 g/t gold between 39.8 and 41.0 meters. The company photographed visible gold in the core.

Bear Paw, 2.5 kilometers southwest of the Rhosgobel deposit, returned 74.0 meters of 0.81 g/t gold from 31.0 meters in hole DDRCCC-26-160, including 48.6 meters of 1.18 g/t gold.

A 53 g/t sample over 1.2 meters makes the headline. In a pit-constrained, bulk-tonnage system, the broad 1 g/t envelope around it carries more weight. RC Gold already hosts 1.29 million ounces indicated and 3.83 million ounces inferred across the Blackjack, Rhosgobel, and Eiger deposits. Contact and Bear Paw are not among them, so these intercepts sit outside the current resource. Intervals are core lengths.

Chief executive Cor Coe told Kitco in October that an updated resource estimate is planned for the first quarter of 2027. Until then, these are drill holes, and nobody can count them as ounces yet.

Green Energy & Cleantech

American Lithium Lifts Macusani Uranium M&I to 57.2 Million Pounds

American Lithium (TSXV: LI, OTCQX: AMLIF) published an updated mineral resource estimate November 2 for its Macusani Uranium Project in southeastern Peru. The Deloitte estimate, effective July 1, 2026, places 4.13 million pounds U3O8 in Measured (10.48 million tonnes at 179 ppm), 53.03 million pounds in Indicated (111.43 million tonnes at 216 ppm), and 65.32 million pounds in Inferred (114.87 million tonnes at 258 ppm).

The deposit didn’t get bigger. The 2015 estimate under former owner Plateau Uranium carried 51.9 million pounds indicated and 72.1 million pounds inferred, so the combined total slipped slightly even as more of it moved into higher-confidence categories. The new model assumes a long-term uranium price of US$100 per pound, double the US$50 used in 2015, and swaps the old single 75 ppm uranium cutoff for separate open pit and underground cutoffs of about 47 ppm and 111 ppm.

Cameco’s long-term uranium price indicator stood at US$98 per pound at the end of October, per Skillings. The US$100 assumption sits close to where the market already is.

An updated preliminary economic assessment is “well underway” with no date attached, and until it lands there are no current economics to measure the resource against. The company still intends to spin Macusani out as a standalone uranium company, which could require shareholder and regulatory approvals and may not be completed. American Lithium carried a market value of about US$61 million and roughly US$6.6 million in cash as of its most recent quarter, per Yahoo Finance, so funding that work is an open question. Peru carries jurisdiction and permitting risk.

Tech & Innovation

Tech & Innovation: What Moved the Sector This Week

The Philadelphia Semiconductor Index fell 12.25% on November 5, its worst session since March 2020, while the Nasdaq Composite dropped 5.52%. AMD closed down 17.26%, Arm 13.08%, and Qualcomm 9.49% after Arm and Qualcomm reported results the prior evening, per StockTitan’s closing data. Bloomberg tied the selling to growing investor skepticism about the AI trade following the US midterm election results, and Yahoo Finance reported that investors were weighing the risk that stricter regulation could slow data center construction.

The index bounced 4.21% on November 6 to close at 9,390.25, still 12.15% below its October 30 close. In Canada, the S&P/TSX Composite fell 2.03% on November 5.

Small and micro-cap tech listings on the TSX, TSXV, and CSE produced no company-specific story this week that met this publication’s coverage bar.

Crypto & Fintech

Crypto & Fintech: What Moved the Sector This Week

Binance began restoring withdrawals in phases on November 1, three days after hackers took about US$6.3 billion from its hot wallets in a theft analysts have blamed on North Korea. By early afternoon UTC, withdrawals had resumed across the 15 networks in the first phase, and the exchange said it had replaced about 95% of affected assets from its own funds. Other networks were still being tested, with no reopening date given in that update.

Bitcoin peaked at $81,004 on November 4 and hit a weekly low of $74,921 on November 6, per CoinGecko data compiled by CryptoTicker, and finished Saturday near $75,800. US spot Bitcoin ETFs posted net outflows in four of five sessions, including about $430 million on November 5, per Farside figures reported by SecureShift.

On the regulatory side, the OCC finalized its GENIUS Act rule for stablecoin issuers and DTC’s tokenization service went live, according to Troutman Pepper Locke’s November 6 digital assets update. No small or micro-cap crypto or fintech company on Canadian exchanges had a story this week that met this publication’s coverage bar.

What to Watch Next

Sources

• Andina Copper Confirms High-Grade, Near-Surface Copper, Newsfile Corp via Finanznachrichten, November 5, 2026
• Andina Copper Confirms High-Grade, Near-Surface Copper, StockTitan, November 5, 2026
• Andina Copper Reports High-Grade Near-Surface Results at Cobrasco, TipRanks, November 5, 2026
• Sitka Gold Drills 41.7 Meters of 2.20 g/t Gold from Surface at the Contact Zone, RC Gold Project, Newsfile Corp via FinancialContent, November 5, 2026
• Sitka Gold: Up to 53.10 g/t Gold, New Zones Expand RC Gold Project in Yukon, Goldinvest, November 2026
• Sitka Gold Announces Maiden Resource Estimate at Its Rhosgobel Gold Deposit, Newsfile Corp, February 25, 2026
• Sitka Gold Expects 60,000-Meter Program to Dramatically Increase RC Gold Resource, Kitco News, October 22, 2026
• American Lithium Increases Macusani Uranium Measured and Indicated Resource, GlobeNewswire via BNN Bloomberg, November 2, 2026
• American Lithium Updates Macusani Uranium Resource Using $100 Price Assumption, Skillings, November 2026
• American Lithium Corp. (AMLIF) Quote and Statistics, Yahoo Finance, accessed November 2026
• Weekly AI Investment Review, Week of November 2 to 8, 2026, Neo Reports, November 8, 2026
• The Stock Market Today, November 5, 2026, StockTitan, November 5, 2026
• Chips Selloff Worsens as Fears About AI Trade Grip Stock Market, Bloomberg, November 5, 2026
• Qualcomm, Micron, Sandisk, and AMD Stocks Sink, Leading Chip Sector Lower, Yahoo Finance, November 5, 2026
• AI Stocks Close Friday With $469B of Thursday’s $1.45T Back, FourWeekMBA, November 6, 2026
• S&P/TSX Composite Index Market Data, Investing News Network, November 5, 2026
• Binance Resumes Withdrawals Following $6.3 Billion Breach, TechCrunch, November 1, 2026
• Hackers Steal $6.3B From Binance in Record Heist Blamed on North Korea, Reuters via Virginia Business, October 30, 2026
• Binance Reopens Withdrawals: 15 Networks First, 95% of Stolen Funds Replaced, CryptoTicker, November 1, 2026
• Crypto News This Week: Recap, Prices and Key Dates, CryptoTicker, November 7, 2026
• Crypto Market Today (Nov 7, 2026): BTC Holds $75K After a Brutal Week, SecureShift, November 7, 2026
• Digital Assets + Blockchain Newsletter, November 6, 2026, Troutman Pepper Locke

Editorial Disclosure

The Tech & Innovation and Crypto & Fintech items in this article cover sector-wide activity; no specific company is the subject of coverage in either. Tickers discussed as company subjects in this article: ANDC / PMMCF (Andina Copper Corporation), SIG / SITKF (Sitka Gold Corp.), and LI / AMLIF (American Lithium Corp.). aktiego.com has received no compensation from any company, IR firm, or third party in connection with this coverage, and no aktiego.com staff member holds a position in any security named above. Press release dates and primary sources were verified against Newsfile Corp (Andina Copper and Sitka Gold, both November 5, 2026) and GlobeNewswire (American Lithium, November 2, 2026). All companies named as subjects are under $500 million USD in market capitalization as of the dates referenced above. NI 43-101 refers to National Instrument 43-101, the Canadian standard governing public disclosure of scientific and technical information on mineral projects. Andina Copper has no mineral resource estimate on Cobrasco; reported intervals are downhole core lengths with true widths not stated, and the project is located in Chocó, Colombia, which carries jurisdiction and operating environment risk. Sitka Gold’s Contact Zone and Bear Paw intercepts lie outside the current NI 43-101 mineral resource at RC Gold, and reported intervals are core lengths. American Lithium’s Macusani mineral resource is not a mineral reserve and has no current economic assessment; the updated estimate relies on a US$100 per pound long-term uranium price assumption, the project is located in Peru, which carries jurisdiction and permitting risk, the planned spin-out may not be completed, and the company’s limited cash position relative to its development plans carries financing and dilution risk. The Binance security incident and withdrawal restoration were still in progress as of the most recent company update referenced; readers should verify current status independently. These are speculative investments carrying significant risk including potential total loss of capital. Digital assets are highly volatile. Coverage on aktiego.com is provided for informational and educational purposes only. aktiego.com is not a registered investment advisor. Nothing in this article constitutes financial, investment, or professional advice. Readers are encouraged to conduct their own due diligence and consult a qualified financial advisor before making any investment decisions. For more information please see our full DISCLAIMER.