The First Assay Friday Drill Digest TSX · TSX-V · CSE · NYSE-A · Nasdaq · October 2, 2026 | 1 company 5 qualifying holes 1 jurisdiction |
A one-company Friday: Evergold (EVER, TSX-V, about C$10.4M market cap) is the only fresh release on the sheet, with the first six of 16 holes from its 2026 Golden Lion GL1 program in the Toodoggone, BC. The standout by GT is GL26-027 (53.23 m at 0.94 g/t Au from 103 m, 50.0 g/t·m, Great), while the headline hole GL26-031 carries the grade: 13.5 m at 2.84 g/t Au and 127.65 g/t Ag (56.1 AuEq·m) including 4.9 m at 7.70 g/t Au and 186.0 g/t Ag. Coverage: the only in-window drill-results release was read in full; the rest of the day's listing was financings, M&A, corporate and quarterly items. No company has a 2+ day streak, and with a C$10M cap every GT/MCap ratio here is an extreme micro-cap figure.
⚑ Hole of the Day
◉ Shallow · From 103m Extension · Step-out Canada · Stable Epithermal-LS (intermediate sulphidation)
Evergold Corp. EVER TSX-V · C$10.4M Golden Lion (GL1 Zone), Canada (British Columbia) GL26-027: 53.23m of 0.94 g/t Au* from 103.0m incl. 9.35m of 2.26 g/t Au from 116.65m | GT 50.0 g/t·m GreatAuEq·m 52.1 Au + Ag basis GT/MCap 4.80× (Au) |
GL26-027 cut 53.23 m at 0.94 g/t Au and 3.8 g/t Ag (about 0.98 g/t AuEq, 52.1 AuEq·m) from 103.0 m, including 9.35 m at 2.26 g/t Au from 116.65 m. That is a wide, near-surface, bulk-style envelope inside an intermediate-sulphidation epithermal system, so the shallow start (open-pit style geometry, if it holds) matters more than the grade. GT is 50.0 g/t·m (Great, only just over the 50 line) on a C$10.43M cap, or 4.80× GT/MCap. Context: this is step-out drilling 40–100 m southeast of 2021 holes testing strike and down-dip continuity, and hole GL26-031 is the sharper result (13.5 m at 2.84 g/t Au and 127.65 g/t Ag, 56.1 AuEq·m, with silver contributing about a third of the AuEq). The Au GT of GL26-027 ranks #388 of 1,044 Au-basis qualifying intercepts in the Sept 2–Oct 2 archives, so this is a good micro-cap result rather than a standout discovery. Cu, Pb and Zn are pending ICP and are not in the AuEq, so the base-metal upside is unquantified. Canada/BC is stable. Watch the remaining ten holes of the program and the ICP base-metal results; true widths are not disclosed, and a C$10M explorer will likely need financing on any good news.
* Drilled widths — true width not determined.
GT/MCap Spotlight — Top 5
All five rows are one C$10M micro-cap, so the ratios are extreme and reflect the tiny denominator; GL26-031 and GL26-027 carry a silver credit in AuEq.
EVER GL26-027 53.23 m Au ◉ ★ HOTD4.80×
EVER GL26-031 13.5 m Au3.68×
EVER GL26-031 4.9 m Au3.62×
EVER GL26-026 44 m Au ◉3.12×
EVER GL26-027 9.35 m Au ◉2.03×
◉ From depth ≤200m (shallow) · ★ HOTD
Today's Qualifying Intercepts
| Rating | Company | Metal | Hole | m | Grade | GT | AuEq·m | GT/MCap |
|---|---|---|---|---|---|---|---|---|
| Great ★ | Evergold Corp.EVER | AuEpithermal-LS | GL26-027* | 53.23 ◉ | 0.94 g/t Au · 3.8 g/t Ag | 50 | 52.1 | 4.80 |
| Great | Evergold Corp.EVER | AuEpithermal-LS | GL26-031* | 13.5 | 2.84 g/t Au · 127.65 g/t Ag | 38.3 | 56.1 | 3.68 |
| Good | Evergold Corp.EVER | AuEpithermal-LS | GL26-031* | 4.9 | 7.70 g/t Au · 186.0 g/t Ag | 37.7 | 47.1 | 3.62 |
| Good | Evergold Corp.EVER | AuEpithermal-LS | GL26-026* | 44 ◉ | 0.74 g/t Au · 6.87 g/t Ag | 32.6 | 35.7 | 3.12 |
| Good | Evergold Corp.EVER | AuEpithermal-LS | GL26-027* | 9.35 ◉ | 2.26 g/t Au · 6.5 g/t Ag | 21.1 | 21.8 | 2.03 |
Single qualifying company, so the 3-row cap does not apply. Nested includes are archived as their own rows.
Not Screened
Evergold (EVER · TSX-V · C$10.4M) — Cu/Pb/Zn — GL26-026/027/031 base metals are pending ICP, so the AuEq above is Au + Ag only.
Oct 1 late/non-numeric items — Silver Pony (PONY) 7.5 m galena-pyrite, assays pending; Standard Uranium (STND) anomalous radioactivity with no cps figure in the headline; Maxus Mining (MAXM), V Ten (VTEN), Upside Gold (UG), One Bullion (OBUL), FPX Nickel (FPX), Rokmaster (RKR), Nine Mile (NINE) and Kinross/West Point (WPG) were program-start, completion or visual-only updates and were not opened this run.
Oct 1 late/non-numeric items — Silver Pony (PONY) 7.5 m galena-pyrite, assays pending; Standard Uranium (STND) anomalous radioactivity with no cps figure in the headline; Maxus Mining (MAXM), V Ten (VTEN), Upside Gold (UG), One Bullion (OBUL), FPX Nickel (FPX), Rokmaster (RKR), Nine Mile (NINE) and Kinross/West Point (WPG) were program-start, completion or visual-only updates and were not opened this run.
Week in Review — Sep 28 to Oct 2
| Day | Rating | Company | Metal | Hole | GT | AuEq·m |
|---|---|---|---|---|---|---|
| Tue | Exceptional | Equinox Gold Corp. | Au | 26-PQE-054 | 471.0 | 471.0 |
| Tue | Exceptional | Equinox Gold Corp. | Au | MA-24-489 | 418.2 | 418.2 |
| Mon | Exceptional | B2Gold Corp. | Au | 26GSE749Z2 | 405.9 | 405.9 |
| Thu | Exceptional | Canagold Resources | Au | NP26-01 | 255.8 | 403.2 |
| Tue | Exceptional | Equinox Gold Corp. | Au | LP-24-001 | 270.9 | 270.9 |
| Tue | Exceptional | Equinox Gold Corp. | Au | 26-NSD02-008W | 259.9 | 259.9 |
| Tue | Exceptional | Sirios Resources Inc. | Au | CH26-337 | 259.6 | 259.6 |
| Mon | Exceptional | B2Gold Corp. | Au | 26GRL239 | 249.0 | 249.0 |
| Wed | Exceptional | ICG Silver & Gold | Au | T26RC-04 | 246.4 | 246.4 |
| Wed | Exceptional | ICG Silver & Gold | Au | T26RC-04 | 238.5 | 238.5 |
Top 10 qualifying intercepts by AuEq·m, Monday–Friday. Equinox and B2Gold are large producers, so their GT/MCap is low.
✓ True width stated in PR · * Drilled width — TW not determined · ◉ From ≤200m (shallow)
GT thresholds — Au: Good >10, Great >50, Exceptional >200 g/t·m · Cu: >20/40/150 %·m · Ag: >500/2,000/10,000 g/t·m
AuEq: Au $3,200/oz · Ag $33/oz · Cu $13,700/t · GT/MCap uses C$ mkt cap at October 2, 2026 (EVER C$10.43M per JMN). Intercepts rated on AuEq·m where silver contributes; GT shown is Au g/t·m.
GT thresholds — Au: Good >10, Great >50, Exceptional >200 g/t·m · Cu: >20/40/150 %·m · Ag: >500/2,000/10,000 g/t·m
AuEq: Au $3,200/oz · Ag $33/oz · Cu $13,700/t · GT/MCap uses C$ mkt cap at October 2, 2026 (EVER C$10.43M per JMN). Intercepts rated on AuEq·m where silver contributes; GT shown is Au g/t·m.
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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