The First Assay — September 11, 2026

⚑ Hole of the Day

▾ Deep · From 753m Extension · Step-out USA · Stable Magmatic Ni-Cu sulphide

Talon has now put chemistry on the intercept it pre-announced from core in August: 46.43 m grading 13.37% Ni, 16.54% Cu, 0.10% Co, 7.85 g/t Pd, 14.49 g/t Pt and 8.56 g/t Au, quoted as 54.78% CuEq or 27.39% NiEq at deliberately conservative prices (Ni $8/lb, Cu $4/lb, Au $2,000/oz). On the native-copper basis the sheet uses, that is a GT of 768 %·m; on the PR's CuEq it is ~2,544 %·m — either way the best copper result in the archive over the past 30 days by a wide margin (Irruptive's 525 CuEq·m and Pecoy's 273 were the prior marks). It is a ~50 m step-out from the Vault Zone discovery hole, BHEM-targeted, at 753–799 m downhole: an underground proposition, in a Minnesota JV with Rio Tinto where Talon holds 51%. Massive sulphide at these tenors is what turns a disseminated Ni-Cu system into a high-margin mine, and the footwall chalcocite (4.6 m @ 7.80% CuEq) says the system does not stop at the massive-sulphide contact. 1.46× GT/MCap on a C$1.7B company is unusual — most Exceptional holes this week on companies that size (Osisko 0.15×, Marimaca 0.19×, Wesdome 0.09×) do not move the value needle the way this one does. Watch for lateral step-outs at the 778-m level and whether Vault stays open at depth.

GT/MCap Spotlight — Top 5

Au and Cu metrics are on different price bases — not directly comparable across metals.

The raw GT/MCap table is dominated by silver micro-caps and is not comparable to the gold and copper names: Nord Precious Metals' 400× is 2.0 m of 4,683 g/t Ag on a C$23M company (cross-metal, narrow, HOTD-excluded), and Zacatecas Silver's 44–48× and GR Silver's 13–20× are the same unit-scale artifact. Among clean Au/Cu ratios the leaders are Nuvau (NMC) at 11.6× on the 618 g/t·m bonanza hit, American Pacific (USGD) at ~5.7× for 30.8 m @ 7.40 g/t Au plus Cu on a ~C$40M cap, then Aldebaran (ALDE) at 1.95×, Kodiak (KDK) at 1.82× and Talon at 0.44× native / 1.46× CuEq.

◉ From depth ≤200m (shallow)  ·  ⚠ High jurisdiction risk  ·  ~ Moderate jurisdiction risk  ·  ✓ True width stated  ·  ★ HOTD

Today's Qualifying Intercepts — Top 10 of 248

Headline table sorted Au → Ag → Cu, GT descending, max 3 rows per company; "including" sub-intervals excluded here but archived. The copper and silver names — Talon, Aldebaran, Osisko, Marimaca, Kodiak, Koryx, Hot Chili, Panoro, Oroco, DPM, Hycroft, GR Silver, Nord — are in the full sheet.

↗ View all 248 intercepts in Google Sheets +238 not shown: HYMC H26D-6090 Exce 8.67×, NTH CS-26-140W1 Exce 400.26×, GRSL SMS26-12 Grea 20.45×, AG LUZ26X-02 Grea 0.25×, ALDE ALD-26-267 Exce 1.95×, TLO 25TK0562A Exce 0.44×, ZAC CRI-2026-043 Good 47.76×, FDR FR251 Exce 0.60×, APXC RIFT26-019 Grea 2.80×, DEF DDSA-26-91A Good 2.94×, USGD M26C-02 Exce 5.60×, OM 30-1228 Exce 0.15×, MARI SPRD-15 Exce 0.19×, SIG DDRCRG-26-071 Grea 0.39×, and 39 more companies

Near-miss	Green Bridge MetalsGRBM	Cu	TS26-004a (incl.)*	62 ◉	0.29 Cu %	18.0	23.9	0.91 (Cu)
Near-miss	Juggernaut ExplorationJUGR	Au	BO-26-13 ✓	8.15 ◉	0.97 Au g/t	7.9	7.9	0.16
Near-miss	Tocvan VenturesTOC	Au	JES-26-163 ✓	16.65 ◉	0.44 Au g/t	7.3	8.6	0.11
Near-miss	Tocvan VenturesTOC	Au	JES-26-162 ✓	10.68 ◉	0.43 Au g/t	4.6	5.4	0.07
Near-miss	Formation MetalsFOMO	AuOrogenic	N2-26-15A ✓	2.7	3.37 Au g/t	9.1	9.1	0.18
Near-miss	Defiance SilverDEF	AgEpithermal	DDSA-26-89 ✓	2.75 ◉	118.94 Ag g/t	327	3.4	4.24 (Ag)
Near-miss	Defiance SilverDEF	AgEpithermal	DDSA-26-91A ✓	1.4	221 Ag g/t	309	3.4	4.01 (Ag)
Near-miss	Riverside ResourcesRRI	AuCRD	UND26-015*	14.6 ◉	0.19 Au g/t	2.8	6.6	0.07
Near-miss	Riverside ResourcesRRI	AuCRD	UND26-014*	9.1 ◉	0.34 Au g/t	3.1	6.9	0.07
Near-miss	Canuc ResourcesCDA	AuIOCG	SM-26-151 ✓	8 ◉	1.21 Au g/t	9.7	9.7	0.36
Near-miss	Bold VenturesBOL	AuOrogenic	WC-26-03*	2.28 ◉	3.96 Au g/t	9.0	9.0	1.32

✓ 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  ·  Ag: Good >500, Great >2,000, Exceptional >10,000 g/t·m  ·  Cu: Good >20, Great >40, Exceptional >150 %·m  ·  Sb: Good >5, Great >20 %·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 11, 2026 (USD caps ×1.36)
REE AuEq requires NdPr% disclosure; "N/A" if basket not specified. Deposit type shown under metal symbol.

⚡ Radiometrics — Assays Pending

Downhole gamma and scintillometer readings — not assays. Counts-per-second is instrument-specific and non-linear; it is not grade, and these holes are not screened, rated, or archived. Chemical assays typically follow in 3–8 weeks and are screened normally when they land.

Not Screened

SAGA Metals (SAGA · TSX-V · ~C$48M) — Radar – Trapper Zone, Labrador. Best intercept: 128 m of 46.11% Fe2O3, 6.79% TiO2, 0.326% V2O5 (R-0065). Fe-Ti-V oxide — no GT threshold or AuEq conversion in the current framework.

Perseverance Metals (PMI · TSX-V · C$29M) — Voyageur, Michigan. Best intercept: visual 3–8% magmatic sulphides in basal peridotite, 4 holes. Visuals/pXRF only — Ni-Cu assays pending; stock +56% on the day.

Inflection Resources (AUCU · CSE · C$24M) — Trangie, NSW (AngloGold earn-in). Best intercept: none new — 92 air-core holes completed. Programme update; all assays pending.

Brixton Metals (BBB · TSX-V · n/a) — Langis, Ontario. Best intercept: 85 tailings holes averaging 61.7 g/t Ag. Tailings drilling, not in-situ rock — not screened (headline-only, article not opened).

North Arrow Minerals (NAR · TSX-V · n/a) — Kraaipan, Botswana. Best intercept: anomalous gold-in-bedrock beneath Kalahari sand. RC reconnaissance, anomalous only — no intervals (headline-only, article not opened).

Questcorp Mining (QQQ · CSE · C$14M) — La Union, Sonora. Best intercept: same UND26-014/015 holes as Riverside. Duplicate JV release — Riverside (RRI) rows carry the intercepts.

Globex Mining (GMX · TSX · C$124M) — Duquesne West, Quebec. Best intercept: same DQ26-52/53 holes as Emperor Metals. Optionor summary of Emperor (AUOZ) release — Emperor rows carry the intercepts.

Purepoint Uranium (PTU · TSX-V · C$28M) — Nova, Dorado JV, Saskatchewan. Best intercept: 0.3 m @ 1.65% U3O8 (screened, Good). Included in the sheet but flagged: single 0.3 m interval; the other eight winter holes were trace-grade.

Coverage notes — No issues were published Sept 7–10 (Labour Day Mon; runs did not execute Tue–Thu). JMN's listing shows only its first 30 items to a plain fetch and the in-app browser was blocked by Cloudflare, so Sept 4 (pm)–Sept 9 candidates were enumerated by search across JMN topic pages and a cached newsroom snapshot; late-Sept-8 and off-topic Sept 9 postings may be missing. Every enumerated release with numbers was read in full (62 of 64; Brixton and North Arrow deliberately not opened). Market caps marked approx in the sheet were sourced by web search where the JMN sidebar was unreachable; USD caps converted at 1.36 CAD.

Archived: Google Sheets · Raw CSV also saved to Drive