Auriginal Mining Corp. (formerly Kintavar Exploration) (AUME)

Published 2026-02-05 • by juniorminingpro

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Thesis Summary

Detailed Deep Dive

Auriginal Mining Corp. (formerly Kintavar Exploration)

TSXV: AUME

_Reinterpreting 58,000m of historic drilling with modern VMS techniques in Quebec’s Chibougamau district_

Market cap: ~$21.1 million

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Following the take over of Auriginal Mining by the Ore Group and veteran mining and exploration operator Stephen Stewart, the rebranding from Kintavar to Auriginal Mining signalled a fundamental shift in this story.

CEO Peter Cashin originally drilled AUME’s flagship Roger project in 1985 and built the underground ramp. Now he’s returned, 40 years later, with modern VMS (volcanogenic massive sulfide) techniques to unlock what 1980s operators missed.

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Peter recently stated in an interview the company believes, based on regional rock value, they could be sitting on up to $2 billion of in situ value. Recent downhole geophysics identified 500 siemens conductors plus graphite mineralization confirming VMS stratigraphy rather than the porphyry model previous operators chased. The company is reinterpreting 58,000 meters of historical drilling that includes intersections of 7.0% zinc, 3.2% copper, 27 g/t gold, and 124 g/t silver.

Located in Quebec’s Chibougamau district with geological analogies to Agnico Eagle’s LaRonde mine, Roger sits along a 1.8km strike length with targets positioned 100-300m below previously drilled high-grade zones.

With C$8.5M in the treasury funding an ongoing January-February 2026 drill program designed to test the VMS model at depth, backed by Stephen Stewart’s Ore Group, Cashin’s intimate project knowledge creates a compelling rediscovery opportunity the market is currently pricing around C$0.08.

Kicker: The company just announced the commencement of diamond drilling at its other asset - the Anik joint venture with gold giant Iamgold, to test new high-priority gold targets. The Anik property in immediately adjacent to the northern boundary of Iamgold’s prolific Nelligan gold project, 40 kilometres southwest of Chapais, Que.