Thistle Resources (TRCG:TSXV)

Thistle Resources Inc. is a Canadian precious metals and critical minerals exploration company operating in the world-famous Bathurst Mining Camp of New Brunswick, one of Canada’s most prolific mining districts. The never-drilled Brunswick Antimony Project offers blue-sky potential — a high-grade antimony-silver-gold discovery less than 1,000m from the past-producing Brunswick No. 12 mine boundary. At the flagship Middle River Gold Project, Phase 1 and 2 drilling has confirmed gold mineralization from surface to 130m along a section of a 7km trend of mineralized folds, with an untested deeper zone from 400m and Phase 3 ahead. The portfolio also includes the Middle River VMS, Alba Forks Gold, and Celtic Highlands Gold projects. With exploration planned across both flagships in 2026, Thistle is advancing two discovery stories in a single district.

  • Thistle holds a portfolio of 5 precious metal and critical mineral projects focused within the world-class Bathurst Mining Camp.

  • ·At its flagship Middle River Gold Project, a ~3,000m drill program is underway targeting >2Moz Au, while most of the ~7km trend is untested.

  • TRCG’s flagship antimony project, Brunswick Antimony, has yielded some of the highest grades globally, and a property drone survey is upcoming.

  • The management team brings deep knowledge and expertise in the region and is staying opportunistic on further portfolio optimization.

Investment Summary

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Research

Thistle Resources:
Initiation Report
October 19, 2026