The First Assay
Thursday Drill Digest
TSX · TSX-V · CSE · NYSE-A · Nasdaq  ·  September 3, 2026
28 companies
247 qualifying holes
9 jurisdictions

Catch-up issue: this digest screens 29 releases published September 1–3 after a nine-day publishing gap — 28 companies, 247 qualifying intercepts, 9 jurisdictions, 18 rated Exceptional. Gold dominates by count, but copper carries the value-per-dollar: Vizsla's 49.2 m @ 4.7% CuEq at Palmer and Sterling's 451 m @ 0.30% CuEq at Soo both cleared on sub-C$135M caps, Cascadia added 82.7 m @ 1.78% CuEq at Carmacks, and Paladin logged the best hole ever at PLS Atlas (26.4 m @ 0.7% and 12.5 m @ 1.8% eU₃O₈, probe-derived). Collective Mining's 141.4 m @ 4.88 g/t AuEq, hit 100 m outside Apollo's known limits, is the discovery-scale hole of the window. Releases from August 25–31 were not screened and are listed as a coverage gap below.

⚑ Hole of the Day
▾ Deep · ~924 m below surface Extension · New Zone Colombia · Moderate Risk ~ Porphyry-Au / Breccia
Collective Mining CNL TSX · Nasdaq · C$2,120M~
Guayabales — Apollo, Caldas, Colombia
APC172-D2: 141.4m of 4.88 g/t AuEq (4.75 g/t Au) from 19.65 (wedge)m
incl. 38.0m of 15.46 g/t AuEq from 27.8m (wedge depth) · true width 60–100%
GT
690 g/t·m
Exceptional
AuEq·m
690.0
AuEq from PR (US$3,000 Au)
GT/MCap
0.33×
(Au)
30-day Au rank
#2 of 477
Two directional holes aimed at the Ramp Zone instead cut a new, gold-dominant northern extension of the Apollo breccia — APC172-D2 returned 141.4 m @ 4.88 g/t AuEq incl. 38.0 m @ 15.46 g/t, with 31 visible-gold occurrences, 100 m beyond the known breccia margin and open east, west and at depth. At ~924 m below surface this is underground-only material, but 4.9 g/t across 141 m of breccia is bulk-underground grade × width, not a vein — the kind of intercept that moves a block model, and true widths are stated at 60–100%. GT/MCap of 0.33× clears the 0.25 floor on a C$2.1B cap; on absolute scale it is the widest high-grade gold hole archived since August 4 and ranks #2 of 477 Au intercepts in the 30-day archive, behind only Lion One's 4.2 m @ 715 g/t narrow bonanza. Colombia is a moderate-risk jurisdiction. Watch for the northern-extension follow-up holes and what the extra 100 m of strike does to the Apollo resource.
GT/MCap Spotlight — Top 5
Au and Cu metrics are on different price bases — not directly comparable across metals.
BBB LM-26-432 Ag 117.76×
BBB LM-26-399 Ag 61.70×
OCG DH637 Ag~ 36.45×
WISE IR26055 Au 25.74×
SAG SC-26-16 Cu 2.18×
Brixton's 1.0 m @ 6,199 g/t Ag at Langis prints 118× and four of the top five ratios are Cobalt-camp silver veins on a C$53M cap — Ag-unit bonanzas, not comparable to the Au/Cu names. Earthwise's 25.7× is a C$2M shell at zero volume and should be ignored. The best clean ratios are all copper: Sterling 2.18× (451 m @ 0.30% CuEq, C$62M), Cascadia 1.89× (82.7 m @ 1.78% CuEq), Vizsla 1.77× (49.2 m @ 4.7% CuEq); Scorpio's 1.20× (48.9 m @ 3.02 g/t Au) leads the gold names.
◉ From depth ≤200m (shallow)  ·  ⚠ High jurisdiction risk  ·  ~ Moderate jurisdiction risk  ·  ✓ True width stated  ·  ★ HOTD
Today's Qualifying Intercepts — Top 10 of 247
Rating Company Metal Hole m Grade GT AuEq·m GT/MCap
Exceptional Collective MiningCNL AuPorphyry-Au APC172-D2 ✓ ~ 141.4 4.88Eq g/t 690 690 0.33
Exceptional Southern Cross GoldSXGC AuOrogenic SDDSC222W1 ✓ 0.6 993.2Eq g/t 596 596 0.22
Exceptional Contango Silver & GoldCTGO AuOrogenic LSS26016* 2.45 86.05 g/t 211 211 0.47
Exceptional Omai Gold MinesOMG AuOrogenic 26ODD-193 ✓ 40.5 5.12 g/t 207 207 0.12
Great Outcrop Silver & GoldOCG AgEpithermal DH637 ✓ ~ 2.86 2,214Eq g/t 6,332 65.3 36.45 (Ag)
Great Brixton MetalsBBB AgOther LM-26-399* 41 79.22 g/t 3,248 33.5 61.70 (Ag)
Exceptional Vizsla CopperVCU CuVMS CMR26-199* 49.2 4.7 CuEq % 231 308 1.77 (Cu)
Great Cascadia MineralsCAM CuPorphyry-Cu CD-26-056 ✓ 82.69 1.78 CuEq % 147 196 1.89 (Cu)
Great Sterling MetalsSAG CuPorphyry-Cu SC-26-16* 450.92 0.30 CuEq % 135 180 2.18 (Cu)
Exceptional Paladin EnergyPDN U₃O₈Unconformity PLS26-782* 12.5 1.8 eU₃O₈ % 22.5 458 0.00 (U₃O₈)
↗ View all 247 intercepts in Google Sheets +237 not shown, incl. SGLD 26MN-115 (Great, 1.20×), KLDC KLM26-037 (Great, 1.16×), EM EME-26-086 (Great, 0.25×), AZT TR26-41 (Great, 1.73×), GTC GS26-01 (Great, 0.91×), RDS OB-26-386W4 (Great, 0.29×), NSU RP-26-18-39 (Great, 0.16×), VLTA SL26-37 (Good, 3.96×), WM FAL-26-002A (Great, 0.78×), KUYA 26-UH-004 (Great, 13.9×)
Near-Miss — top 6 of 31 by GT/MCap
Near-miss Brixton MetalsBBB AgOther LM-26-394* 2 236.00 g/t 472 4.9 8.97 (Ag)
Near-miss Brixton MetalsBBB AgOther LM-26-379* 10.9 32.87 g/t 358 3.7 6.81 (Ag)
Near-miss Earthwise MineralsWISE AuOrogenic IR26055* 6.5 1.43 g/t 9.3 9.3 4.72
Near-miss Earthwise MineralsWISE AuOrogenic IR26053* 15 0.53 g/t 8.0 8.0 4.04
Near-miss Kuya SilverKUYA AgEpithermal 25-UH-043* 1.2 316.3 g/t 380 3.9 2.59 (Ag)
Near-miss Kuya SilverKUYA AgEpithermal 26-UH-004* 2.1 178.5, 0.51 g/t 375 3.9 2.56 (Ag)
All 31 near-miss rows are in the Sheets archive. Brixton and Kuya near-misses are narrow Ag veins in the 250–500 g/t·m band; Faraday's are broad oxide Cu from surface at 10–13 %·m.
✓ True width stated in PR  ·  * Drilled width — TW not determined  ·  ◉ From ≤200m (shallow)
⚠ High jurisdiction risk  ·  ~ Moderate jurisdiction risk
GT thresholds — Au: Good >10, Great >50, Exceptional >200 g/t·m  ·  Cu: Good >20, Great >40, Exceptional >150 %·m  ·  WO₃: Good >1, Great >5, Exceptional >20 %·m (through-cycle APT basis)  ·  TREO: Good >50, Great >200, Exceptional >500 %·m
AuEq: Au $3,200/oz · Ag $33/oz · Cu $13,700/t · APT $3,300/mtu · NdPr $70/kg · GT/MCap uses C$ mkt cap at September 3, 2026
REE AuEq requires NdPr% disclosure; "N/A" if basket not specified. Deposit type shown under metal symbol.
Not Screened
Arbor Metals (ABR · TSX-V · C$9.6M) — Jarnet, Quebec. Best intercept: 0.61 m of 260 ppm Li (≈0.06% Li₂O). Lithium and REE reported at ppm level only — no intercept approaches the Li₂O or TREO thresholds.

Contango Silver & Gold (CTGO) — West Drift Extension KM2/KM3 grab and stockpile samples (up to 395 g/t Au) excluded: not drill intercepts.

Coverage gap — August 25 to 31. No issue was published between the August 24 and September 3 runs; releases from those five trading days were not screened (the JMN listing only reaches back to September 1). Backlog entries from August 19–24 — Westhaven (WHN), Kingsmen (KNG), Fitzroy (FTZ), South Pacific Metals (SPMC), Alkane (ALK), Stakeholder (SRC), Mercado (MERC), Juggernaut (JUGR) — aged out past the 5-day limit unread.

Great Pacific Gold (GPAC) — KVH-01/03/04 rows are restatements of March–April 2026 results (data corrections); only KVH-06 and KVH-12 are new. Archived with a RESTATED tag.
THE FIRST ASSAY
thefirstassay.com
Au $3,200/oz · Ag $33/oz · Cu $13,700/t · APT $3,300/mtu
Not investment advice.
Archived: Google Sheets · Raw CSV also saved to Drive