The First Assay Thursday Drill Digest TSX · TSX-V · CSE · NYSE-A · Nasdaq · October 1, 2026 | 11 companies 52 qualifying holes 4 jurisdictions |
Eleven companies cleared the screen on a busy Thursday, and the standout is Canagold's New Polaris (BC) gold-antimony system, where NP26-01 returned 13.2 m at 19.38 g/t Au and 3.83% Sb, an Exceptional 255.8 g/t·m on a roughly C$160M market cap. The rest of the sheet is broad: Cascadia's Carmacks step-outs (94.0 m at 0.96% Cu and 0.70 g/t Au), Sonoro's shallow Cerro Caliche gold, 27 Golden Chest vein intercepts from Idaho Strategic (a C$620M producer, so GT/MCap is low), Volta's carbonatite REE-Ga hole (165.3 m at 1.36% TREO, NdPr not disclosed so no AuEq), and Vizsla's Palmer silver-gold-zinc intercept, which is a cross-metal Ag number and not comparable to the Au names. Coverage: all twelve in-window and carried releases were read; the unscreened items are listed below. No company has a 2+ day streak.
⚑ Hole of the Day
▾ Deep · From 451.75m Canada · Stable Orogenic
Canagold Resources CCM TSX · C$160M
New Polaris, Canada (British Columbia)
NP26-01: 13.2m of 19.38 g/t Au / 3.83% Sb* from 451.75m
incl. 1.21m of 49.10 g/t Au / 30.46% Sb from 455.00m |
GT 255.8 g/t·m Exceptional
AuEq·m 403.2 Au + Sb basis
GT/MCap 1.60× (Au) |
NP26-01 cut 13.2 m of 19.38 g/t Au with 3.83% Sb (about 30.5 g/t AuEq, 403 AuEq·m) from 451.75 m, including 1.21 m at 30.46% Sb and 49.10 g/t Au. That is a high-grade orogenic Au-Sb vein system at depth, so the economics are underground; the antimony credit is a strategic-metal kicker on top of the gold. GT is 255.8 g/t·m (Exceptional) on a C$159.7M cap, or 1.60× GT/MCap, the largest Au-unit discovery-scale result on the sheet that clears the 0.25× floor. It is not a one-off: NP26-02 (6.06 m at 14.97 g/t Au, 3.90% Sb) and NP26-03 (3.91 m at 15.08 g/t Au, 3.30% Sb) rate Great, and NP26-05 is Good, from a 14-hole, 7,277 m program. The 403 AuEq·m ranks #31 of 1,153 Au-basis intercepts in the Sept 4–30 archives. Canada/BC is a stable jurisdiction. Watch the remaining holes of the program and whether hole context (infill vs expansion) is clarified; the PR does not label it, and true widths are not disclosed.
* Drilled widths — true width not determined.
GT/MCap Spotlight — Top 5
Vizsla (Ag) and Volta (TREO) are cross-metal figures on different unit scales — not comparable to Au names; the best clean Au/Sb ratios are Clarity (1.5 m narrow), Canagold and Four Nines.
VCU CMR26-213 Ag ◉26.45×
VLTA SL26-29 TREO ◉8.56×
CMET FEC-26-026 Au ◉4.46×
CCM NP26-01 Au ★ HOTD1.60×
FNAU HH26-001 Au ◉1.38×
◉ From depth ≤200m (shallow) · ✓ True width stated · ★ HOTD
Today's Qualifying Intercepts — Top 10 of 52
| Rating | Company | Metal | Hole | m | Grade | GT | AuEq·m | GT/MCap |
|---|---|---|---|---|---|---|---|---|
| Exceptional ★ | Canagold ResourcesCCM | AuOrogenic | NP26-01* | 13.2 | 19.38 g/t | 255.8 | 403.2 | 1.60 |
| Great | Idaho Strategic ResourcesIDR | AuOrogenic | GC 26-433 ✓ | 6.7 ◉ | 16.3 g/t | 109.2 | 109.2 | 0.18 |
| Great | Canagold ResourcesCCM | AuOrogenic | NP26-02* | 6.06 | 14.97 g/t | 90.7 | 159.6 | 0.57 |
| Great | Idaho Strategic ResourcesIDR | AuOrogenic | GC 26-443 ✓ | 3.9 ◉ | 22.9 g/t | 89.3 | 89.3 | 0.14 |
| Great | Sonoro GoldSGO | AuEpithermal-L | SCR-387 ✓ | 28.95 ◉ | 2.598 g/t | 75.2 | 75.6 | 0.99 |
| Great | Canagold ResourcesCCM | AuOrogenic | NP26-03* | 3.91 | 15.08 g/t | 59 | 96.6 | 0.37 |
| Great | Vizsla CopperVCU | AgVMS | CMR26-213* | 30.6 ◉ | 96.6 g/t | 2956 | 77.8 | 26.45 (Ag) |
| Great | Cascadia MineralsCAM | CuPorphyry-Cu | CD-26-059* | 93.99 | 0.96% % | 90.2 | 186.0 | 0.92 (Cu) |
| Great | IDEX MetalsIDEX | WO3Other | KSMT25001* | 28 | 0.20% % | 5.6 | 179.6 | 0.13 (WO3) |
| Great | Volta MetalsVLTA | TREOCarbonatite | SL26-29* | 412.5 ◉ | 0.852% % | 351.4 | N/A | 8.56 (TREO) |
↗ View all 52 intercepts in Google Sheets
+42 not shown (Idaho Strategic alone has 27 vein intercepts, 8 rated Great/Good ≥ 40 g/t·m): VLTA SL26-30 (Great, 7.31×); VLTA SL26-29 (Great, 5.49×); VLTA SL26-38 (Good, 3.07×); CAM CD-26-058 (Great, 0.92×); IDR GC 26-431 (Great, 0.13×); SGO SCR-396 (Great, 0.97×), …
Near-Miss
| Near-miss | Yukon MetalsYMC | AuSkarn | BR26-007* | 0.8 | 12.10 g/t | 9.7 | 9.7 | 0.17 |
| Near-miss | Gold Hart CopperHART | AuPorphyry-Cu | RCTOL01* | 8 | 0.63 g/t | 5 | 5.0 | 0.10 |
| Near-miss | Vizsla CopperVCU | Zn+PbVMS | CMR26-213* | 4.6 | 4.52% % | 21.3 | 7.6 | 0.19 (Zn+Pb) |
Yukon Metals 0.8 m @ 12.10 g/t Au (narrow); Gold Hart RC 8 m @ 0.63 g/t Au; Vizsla 4.6 m @ 4.52% Zn (normalized sum 0.58).
Top 10 is capped at 3 rows per company and ordered by metal group (Au, Ag, Cu, W, TREO) so the day's commodity mix stays visible.
Not Screened
Cupani Metals (CUPA · CSE · C$9.6M) — Blue Lake, Quebec. CUP26-10: 2.90 m of 0.83% Cu, 0.62% Ni, 0.20 g/t Pt, 0.77 g/t Pd (1.71% CuEq). Screened, below Good (normalized sum 0.48; Pt/Pd have no conversion).
Idaho Strategic (IDR) — sub-Good vein intercepts — All 27 vein intercepts archived reach Good or better; US$436.5M cap converted to C$621M at 1.4233 USD/CAD. GC 26-448T shares its from/to with GC 26-445 as extracted — verify against the release.
IDEX Metals (IDEX · TSXV · C$41.9M) — Freeze/Kismet tungsten, Idaho. KSMT25001 (28 m @ 0.20% WO₃) archived; KSMT25002 and 005 are re-reports of the Jul 9 release and were excluded; KSMT25004 (multi-zone 0.09–0.18% WO₃) has no single interval; KSMT25003/006 could not be verified (no newswire table found).
Gold Hart Copper (HART) — Tolita, Chile. A second 231 m @ 0.16 g/t AuEq figure is ambiguously labelled and a 10 m trench (8.61 g/t AuEq) is not a drill hole; neither archived.
Sonoro Gold (SGO) — Cerro Caliche: Diana high-grade includes (3.05–4.57 m @ 5.5–10.4 g/t Au) have no hole IDs captured and were not archived.
Scorpio Gold (SGLD) · NexMetals (NEXM) · Super Copper (CUPR) — April Fool grab samples with drilling just commencing; Selebi Main resource update (not drilling); visible-copper logging with no assays.
Yukon Metals (YMC · CSE · ~C$57M) — Birch Cu-Au, Yukon. Market cap approximate (TradingView, undated); JMN sidebar unavailable.
Idaho Strategic (IDR) — sub-Good vein intercepts — All 27 vein intercepts archived reach Good or better; US$436.5M cap converted to C$621M at 1.4233 USD/CAD. GC 26-448T shares its from/to with GC 26-445 as extracted — verify against the release.
IDEX Metals (IDEX · TSXV · C$41.9M) — Freeze/Kismet tungsten, Idaho. KSMT25001 (28 m @ 0.20% WO₃) archived; KSMT25002 and 005 are re-reports of the Jul 9 release and were excluded; KSMT25004 (multi-zone 0.09–0.18% WO₃) has no single interval; KSMT25003/006 could not be verified (no newswire table found).
Gold Hart Copper (HART) — Tolita, Chile. A second 231 m @ 0.16 g/t AuEq figure is ambiguously labelled and a 10 m trench (8.61 g/t AuEq) is not a drill hole; neither archived.
Sonoro Gold (SGO) — Cerro Caliche: Diana high-grade includes (3.05–4.57 m @ 5.5–10.4 g/t Au) have no hole IDs captured and were not archived.
Scorpio Gold (SGLD) · NexMetals (NEXM) · Super Copper (CUPR) — April Fool grab samples with drilling just commencing; Selebi Main resource update (not drilling); visible-copper logging with no assays.
Yukon Metals (YMC · CSE · ~C$57M) — Birch Cu-Au, Yukon. Market cap approximate (TradingView, undated); JMN sidebar unavailable.
✓ True width stated in PR · * Drilled width — TW not determined · ◉ From ≤200m (shallow) · ~ Moderate jurisdiction risk
GT thresholds — Au: Good >10, Great >50, Exceptional >200 g/t·m · Cu: >20/40/150 %·m · Sb: >5/20/60 %·m · WO₃: >1/5/20 %·m (through-cycle APT basis) · TREO: >50/200/500 %·m · Ag: >500/2,000/10,000 g/t·m
AuEq: Au $3,200/oz · Ag $33/oz · Cu $13,700/t · Sb $30,000/t · APT $3,300/mtu · NdPr $70/kg · GT/MCap uses C$ mkt cap at October 1, 2026 (USD/CAD 1.4233)
REE AuEq requires NdPr% disclosure; "N/A" if basket not specified. Vizsla's Ag GT/MCap is a cross-metal figure and is not comparable to Au/Cu names.
GT thresholds — Au: Good >10, Great >50, Exceptional >200 g/t·m · Cu: >20/40/150 %·m · Sb: >5/20/60 %·m · WO₃: >1/5/20 %·m (through-cycle APT basis) · TREO: >50/200/500 %·m · Ag: >500/2,000/10,000 g/t·m
AuEq: Au $3,200/oz · Ag $33/oz · Cu $13,700/t · Sb $30,000/t · APT $3,300/mtu · NdPr $70/kg · GT/MCap uses C$ mkt cap at October 1, 2026 (USD/CAD 1.4233)
REE AuEq requires NdPr% disclosure; "N/A" if basket not specified. Vizsla's Ag GT/MCap is a cross-metal figure and is not comparable to Au/Cu names.
THE FIRST ASSAY
thefirstassay.com · Au $3,200/oz · Ag $33/oz · Cu $13,700/t · APT $3,300/mtu · Not investment advice.
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