The First Assay
Wednesday Drill Digest
TSX · TSX-V · CSE · NYSE-A · Nasdaq · October 7, 2026
18 companies
139 qualifying holes
6 jurisdictions
Eighteen companies cleared the screen on a busy Wednesday, led by gold: Founders Metals' 54.0 m at 8.45 g/t Au in Suriname and Southern Cross Gold's Sunday Creek infill in Victoria (6.8 m at 49.8 g/t Au and 2.7 m at 178.4 g/t Au) carry the top raw grade-thickness. Breadth was unusual: Osisko Metals' 94.4 m at 1.47% Cu at Gaspé, Q2 Metals' 134.5 m at 1.20% Li₂O, VMS zinc-silver at Vizsla Copper, silver-tin at Eloro, a first tungsten set from Fox Tungsten and calibrated uranium from Premier American all registered. Several of the biggest numbers belong to large caps (Southern Cross, Osisko, Talamore), so GT/MCap, not headline width, separates the day — and one uranium name sits in the radiometric feed below with assays still pending.
⚑ Hole of the Day
▾ Deep · From 303mExtension · Step-outSuriname · Moderate Risk ~Orogenic
Founders Metals FDR TSX-V · C$1,180M~
Antino Gold Project - Froyo Zone, Suriname
FR256: 54.0m of 8.45 g/t Au* from 303m
incl. 24.0m of 17.42 g/t Au from 324m
GT
456.3 g/t·m
ExceptionalAuEq·m
456.3
Au basis
GT/MCap
0.39×
(Au)
Deposit
Orogenic
FR256 returned 54.0 m at 8.45 g/t Au from 303 m, including 24.0 m at 17.42 g/t Au, which is high-grade thickness on a deposit-scale footprint, not a narrow vein hit. At a drilled-width GT of 456.3 g/t·m against a C$1.18B market cap it clears the 0.25× floor at 0.39×, a strong ratio for a company of this size. The intercept starts at 303 m, so this is a deep, likely underground-scale target rather than an open-pit one; it is an extension on a parallel structure to the previously reported FR250/FR251 trend, and true width is roughly 75% of the downhole interval. Against the 1,236 gold intercepts in our archive since early September it ranks #23 by AuEq·m. Suriname is not in our jurisdiction tier list, so it is treated as moderate risk. Watch the down-dip extension (11.0 m at 3.59 g/t Au from 464 m in the same hole) and whether the parallel structure is tied into a continuous shoot. Runner-up on the rules: Awalé BBDD0047, 44 m at 3.11 g/t AuEq from 154 m (1.09× GT/MCap, near-surface).
* Drilled widths — true width not determined pending geological modelling (company estimates ~75% of downhole).
GT/MCap Spotlight — Top 5
One entry per company. Au, Ag and Cu metrics are on different price bases — not directly comparable across metals.
ELO DSB-96 Ag ◉ ✓ ~50.77×
VCU CMR26-215 Ag ◉ ✓23.48×
GMV MHC26-14 Au ◉3.87×
BGD TG-04 Au ◉3.40×
RPX SD-26-701 Au ◉1.35×
Cross-metal caution: the two highest GT/MCap names, Eloro (Ag, 50.8×) and Vizsla Copper (Ag, 23.5×), are inflated by silver's unit scale and are not comparable with gold or copper. The best clean ratio is GMV Minerals' MHC26-14 (4.88 m at 12.64 g/t Au, 3.87×), a C$16M name, followed by Bullion Gold's TG-04 (53.6 m at 0.60 g/t Au, 3.40×).
◉ From depth ≤200m (shallow) · ⚠ High jurisdiction risk · ~ Moderate jurisdiction risk · ✓ True width stated · ★ HOTD
Today's Qualifying Intercepts — Top 10 of 139
| Rating | Company | Metal | Hole | m | Grade | GT | AuEq·m | GT/MCap |
|---|---|---|---|---|---|---|---|---|
| Exceptional | Southern Cross GoldSXGC | AuEpizonal Au- | SDDSC225* | 2.6 | 178.4 g/t | 463.8 | 464.4 | 0.15 |
| Exceptional ★ | Founders MetalsFDR | AuOrogenic (sh | FR256* ~ | 54 | 8.45 g/t | 456.3 | 456.3 | 0.39 |
| Exceptional | Founders MetalsFDR | AuOrogenic (sh | FR256 (incl.)* ~ | 24 | 17.42 g/t | 418.1 | 418.1 | 0.35 |
| Exceptional | Southern Cross GoldSXGC | AuEpizonal Au- | SDDSC218* | 6.8 | 49.8 g/t | 338.6 | 340.7 | 0.11 |
| Great | Southern Cross GoldSXGC | AuEpizonal Au- | SDDSC221* | 1 | 198.9 g/t | 198.9 | 198.9 | 0.07 |
| Great | Talamore MiningTALA | AuOrogenic/str | 26-SPX-RC135 ✓ | 13.8 ◉ | 9.72 g/t | 134.1 | 134.1 | 0.10 |
| Great | Awale ResourcesARIC | AuPorphyry Au- | BBDD0047* ~ | 44 ◉ | 2.52 g/t | 110.9 | 136.8 | 1.09 |
| Great | Awale ResourcesARIC | AuPorphyry Au- | BBDD0039* ~ | 67 | 1.64 g/t | 109.9 | 131.3 | 1.08 |
| Great | Revival GoldRVG | AuOrogenic | BT26-254DW* | 49.5 | 2.2 g/t | 108.9 | 108.9 | 0.47 |
| Great | RPX GoldRPX | AuShear-hosted | SD-26-701* | 4.26 ◉ | 25.5 g/t | 108.6 | 108.6 | 1.35 |
↗ View all 139 intercepts in Google Sheets+129 not shown, by company: GMV (15), GOT (14), OM (13), SXGC (12), RPX (8), ELO (8), ARIC (7), QTWO (7), GGO (6), EDCU (6), FOXT (6), FDR (5), TALA (5), VCU (5), RVG (4), BGD (4), NWST (3), PUR (1)
Near-Miss
| Near-miss | Edge CopperEDCU | CuOxide Cu | ZND0055 (incl.)* | 64 ◉ | 0.3 % | 19.2 | 25.6 | 0.24 (Cu) |
| Near-miss | Edge CopperEDCU | CuOxide Cu | ZND0045 (incl.)* | 48.8 ◉ | 0.3 % | 14.6 | 19.5 | 0.18 (Cu) |
| Near-miss | Edge CopperEDCU | CuOxide Cu | ZND0053* | 71 ◉ | 0.15 % | 10.7 | 14.2 | 0.13 (Cu) |
| Near-miss | GMV MineralsGMV | AuMetasomatic | MHC26-22* | 6.93 ◉ | 1.383 g/t | 9.6 | 9.6 | 0.60 |
| Near-miss | Southern Cross GoldSXGC | AuEpizonal Au- | SDDSC218* | 3.5 | 2.5 g/t | 8.8 | 9.5 | 0.00 |
| Near-miss | GMV MineralsGMV | AuMetasomatic | MHC26-15* | 10.5 ◉ | 0.898 g/t | 9.4 | 9.4 | 0.59 |
Top 6 of 16 near-misses by AuEq·m; the rest are in the sheet.
✓ True width stated · * 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) · Li₂O: Good >16, Great >36, Exceptional >75 %·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 October 7, 2026; some market caps are approximate. Rows where the company reports an equivalent grade are rated on that equivalent.
⚠ 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) · Li₂O: Good >16, Great >36, Exceptional >75 %·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 October 7, 2026; some market caps are approximate. Rows where the company reports an equivalent grade are rated on that equivalent.
⚡ 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.
ATHA Energy SASK TSX-V · ~C$356M (approx.) Extension · Step-out Canada · Stable
RIB North, Nunavut · interpreted orogenic uranium
RIBN-DD-023: 19.5m total composite >300 cps across 14 zones,
incl. 2.0m high-grade (>10,000 cps), peak 26,327 cps
incl. 2.0m high-grade (>10,000 cps), peak 26,327 cps
RIBN-DD-019: 1.5m averaging 17,593 cps from 739.0m,
peak 78,785 cps over 0.1m
peak 78,785 cps over 0.1m
Mount Sopris 40TGU-1000 triple-gamma · core at the lab, assays pending · neither reading is described as off-scale
The program has now strung the Eastern Limb out to 3.4 km (from 1.45 km), with 21 of 23 holes hitting uranium and a ~300 m × 300 m higher-grade sub-zone identified. Issuer conventions: composite cut-off >300 cps over 0.1 m; high-grade defined as >10,000 cps. The 19.5 m composite is mostly a low-cps envelope; the value is in the short high-count intervals, whose grade is unknown until assays. RIBN-DD-022A (peak 9,846 cps) falls below our reporting bar.
Not Screened
SAGA Metals (SAGA · TSX-V) — Radar, Labrador. 495.6 m of 37.86% Fe₂O₃, 5.51% TiO₂, 0.273% V₂O₅ (incl. 68.2 m of 52.95% Fe₂O₃). Fe-Ti-V has no price conversion or GT threshold in the framework.
Viscount Mining (VML · TSX-V · C$68.8M) — Silver Cliff, Colorado. Further interpretation of hole K26-08, already counted in an earlier issue (13.4 m at 267.6 g/t Ag; 7.9 m at 473.2 g/t Ag, 2.92 g/t Au); not re-counted.
Royal Road Minerals (RYR · TSX-V · C$58M) — Margaritas, Colombia. Surface rock-chip sampling (Ag to 475 g/t); no new drill assays.
Metallis Resources (MTS · TSX-V · C$13M) — Greyhound, Idaho. Surface sampling (2 m chip at 566 g/t Ag); no drilling.
Western Star Resources (WSR · CSE · C$22M) — Eagle Point tungsten, New Mexico. Channel and trench sampling (0.11% WO₃ over 13.1 ft); 17-hole drill program planned, not drilled.
Canada One Mining (CONE · TSX-V) and Silver Dollar Resources (SLV · CSE) — Surface rock sampling at Copper Dome; La Joya program update with 13 holes logged and assays pending.
Not screened — program starts, completions, geophysics or corporate news with no assays — Kenorland / Auranova (KLD, AURA), ONGold (ONAU), Skyharbour (SYH), Silver North (SNAG), Alex Metals (ALX), Tiger Gold (TIGR), Noble Minerals (NOB), BRS Resources (BRS), Caprock (CAPR), Radius Gold (RDU), Metalsource (MSM), T2 Metals (TWO), Starcore (SAM), SPC Nickel (SPC), Transition Metals (XTM), Silver47 (AGA), Glenstar (GSTR), Generation Mining (GENM), Asarian (ARN).
Coverage gaps — Intercepts under 10 AuEq·m (or under 5 g/t·m Au) are not itemised for Southern Cross, GMV, Goliath and Awalé. Revival Gold's results table may carry rows beyond those shown. Eloro's market cap and several Zn-Pb sub-intervals (0.75–3.0 m, DSB-95) are approximate or not itemised. Edge Copper reports in feet and is converted to metres. Q2 Metals did not disclose depths for CS26-094/095. Vizsla CMR26-213 (30.6 m) was already counted on October 1.
Viscount Mining (VML · TSX-V · C$68.8M) — Silver Cliff, Colorado. Further interpretation of hole K26-08, already counted in an earlier issue (13.4 m at 267.6 g/t Ag; 7.9 m at 473.2 g/t Ag, 2.92 g/t Au); not re-counted.
Royal Road Minerals (RYR · TSX-V · C$58M) — Margaritas, Colombia. Surface rock-chip sampling (Ag to 475 g/t); no new drill assays.
Metallis Resources (MTS · TSX-V · C$13M) — Greyhound, Idaho. Surface sampling (2 m chip at 566 g/t Ag); no drilling.
Western Star Resources (WSR · CSE · C$22M) — Eagle Point tungsten, New Mexico. Channel and trench sampling (0.11% WO₃ over 13.1 ft); 17-hole drill program planned, not drilled.
Canada One Mining (CONE · TSX-V) and Silver Dollar Resources (SLV · CSE) — Surface rock sampling at Copper Dome; La Joya program update with 13 holes logged and assays pending.
Not screened — program starts, completions, geophysics or corporate news with no assays — Kenorland / Auranova (KLD, AURA), ONGold (ONAU), Skyharbour (SYH), Silver North (SNAG), Alex Metals (ALX), Tiger Gold (TIGR), Noble Minerals (NOB), BRS Resources (BRS), Caprock (CAPR), Radius Gold (RDU), Metalsource (MSM), T2 Metals (TWO), Starcore (SAM), SPC Nickel (SPC), Transition Metals (XTM), Silver47 (AGA), Glenstar (GSTR), Generation Mining (GENM), Asarian (ARN).
Coverage gaps — Intercepts under 10 AuEq·m (or under 5 g/t·m Au) are not itemised for Southern Cross, GMV, Goliath and Awalé. Revival Gold's results table may carry rows beyond those shown. Eloro's market cap and several Zn-Pb sub-intervals (0.75–3.0 m, DSB-95) are approximate or not itemised. Edge Copper reports in feet and is converted to metres. Q2 Metals did not disclose depths for CS26-094/095. Vizsla CMR26-213 (30.6 m) was already counted on October 1.
THE FIRST ASSAY
thefirstassay.com
Au $3,200/oz · Ag $33/oz · Cu $13,700/t · APT $3,300/mtu
Not investment advice.
Not investment advice.
Archived: Google Sheets