The First Assay
Tuesday Drill Digest
TSX · TSX-V · CSE · NYSE-A · Nasdaq · October 13, 2026
8 companies · 122 qualifying holes · 5 jurisdictions
Eight companies cleared the screen as Canadian newsflow returned after the Thanksgiving break, split across gold, silver, copper and tungsten in five jurisdictions. Thunder Gold's Tower Mountain hole is the largest absolute result (411 m at 0.513 g/t Au, GT 210.8), while Rackla's first four modern holes at Lentung put three Exceptional tungsten intercepts on the sheet from near surface. Patagonia Gold's 5 m at 25.45 g/t Au and 808 g/t Ag at Calcatreu is the best high-grade gold-silver result of the day; Collective Mining's Apollo silver-tungsten discovery rates Exceptional on its reported AuEq but is a Colombia-based, Ag-dominant, large-cap result.
⚑ Hole of the Day
◉ Shallow · From 90mExtension · Step-outCanada · StablePorphyry-Au
Thunder Gold TGOL TSX-V · C$49M
Tower Mountain, Canada
TM25-186: 411m of 0.513 g/t Au* from 90m
incl. 159m of 0.627 g/t Au from 90m · GT 210.8 g/t·m Exceptional · AuEq·m 210.8 (Au basis) · GT/MCap 4.30× (Au)
A bulk-tonnage gold hole: 411 m averaging 0.513 g/t Au starting 90 m below surface, which puts the whole interval inside open-pit depth. The Exceptional rating comes from sheer width rather than grade, so treat it as a tonnage story, not a bonanza. TM25-186 was extended by 252 m (as TM25-186X) to test inferred blocks inside the current pit limit, and the extension alone returned 252 m at 0.443 g/t Au (GT 111.6, Great), so the deeper portion held grade rather than fading. At a market cap near C$49M the GT/MCap is 4.30×, the highest of any Exceptional or Great hole on the sheet that is not a cross-metal or sub-3 m narrow result. It ranks #65 of 1,157 gold intercepts over the past ~30 days on absolute GT, so it is solid rather than a standout against recent flow. Canada, stable jurisdiction. Watch for the airborne magnetotellurics survey the company just awarded and any updated resource work, since grade this low only pays at scale. Runner-up: Rackla DDH26L-002, 17.95 m at 2.28% WO₃ (GT 40.9 %·m, 0.70×) from 32 m — the best tungsten result of the day.
* Drilled widths — true width not determined pending geological modelling.
GT/MCap Spotlight — Top 5
The top three names are narrow-vein silver or a C$5M micro-cap copper discovery — Ag, Cu and Au metrics are on different price bases and are not directly comparable. The cleanest large-scale ratio is Thunder Gold (4.30×); Cascade Copper (5.00×) is a maiden program on a very small cap.
AGMR SMR-194-26-SCS Ag ◉6.23×
AGMR SMR-197-26-GAB Ag ◉5.51×
CASC CF-26-05 Cu ◉5.00×
TGOL TM25-186 Au ◉ ★ HOTD4.30×
AGMR SMR-199-26-GAB Ag ◉4.18×
◉ From depth ≤200m (shallow) · ~ Moderate jurisdiction risk · ★ HOTD
Today's Qualifying Intercepts — Top 10 of 122
| Rating | Company | Metal | Hole | m | Grade | GT | AuEq·m | GT/MCap |
|---|---|---|---|---|---|---|---|---|
| Exceptional | Collective MiningCNL | Au | APC-186 * ~ | 87.6 ◉ | 3.06 g/t AuEq | 268.1 | 268.1 | 0.17 |
| Exceptional ★ | Thunder GoldTGOL | Au | TM25-186 * | 411 ◉ | 0.513 g/t Au | 210.8 | 210.8 | 4.30 |
| Great | Fortuna MiningFVI | Au | DSR1149 * ~ | 40.8 | 3.9 g/t Au | 159.1 | 159.1 | 0.03 |
| Great | Patagonia GoldPGDC | Au | BE-032-R * ~ | 8 ◉ | 15.71 g/t Au + 476.6 g/t Ag | 125.7 | 165.0 | 0.59 |
| Good | NiCANNICN | Au | PG26-06 * | 75 ◉ | 0.65 g/t Au + 11.55 g/t Ag, 0.56% Pb | 48.8 | 65.8 | 3.19 |
| Good | Silver Mountain ResourcesAGMR | Ag | SMR-194-26-SCS * | 0.9 ◉ | 1495 g/t Ag + 0.38 g/t Au | 1345.5 | 15.8 | 6.23 (Ag) |
| Good | Cascade CopperCASC | Cu | CF-26-05 * | 27.1 ◉ | 0.84% CuEq | 22.8 | 30.3 | 5.00 (Cu) |
| Exceptional | Rackla MetalsRAK | WO3 | DDH26L-002 * | 17.95 ◉ | 2.28% WO3, 0.09% Cu | 40.9 | 1314.6 | 0.70 (WO3) |
| Exceptional | Rackla MetalsRAK | WO3 | DDH26L-001 * | 20.35 ◉ | 1.72% WO3, 0.14% Cu | 35.0 | 1126.3 | 0.60 (WO3) |
| Exceptional | Rackla MetalsRAK | WO3 | DDH26L-003 * | 17.9 ◉ | 1.67% WO3, 0.06% Cu | 29.9 | 960.1 | 0.51 (WO3) |
↗ View all 122 intercepts in Google Sheets +112 not shown, mainly Collective Mining (CNL) and Fortuna (FVI) sub-intervals, Patagonia (PGDC) and NiCAN (NICN) holes and Silver Mountain (AGMR) veins
Near-Miss (selection of 17)
| Near-Miss | Cascade CopperCASC | Cu | CF-26-03 * | 26 ◉ | 0.73% CuEq | 19.0 | 25.3 | 4.17 (Cu) |
| Near-Miss | Cascade CopperCASC | Cu | CF-26-05 * | 10.5 ◉ | 1.27% CuEq | 13.3 | 17.8 | 2.93 (Cu) |
| Near-Miss | Patagonia GoldPGDC | Au | NLO-029-D * ~ | 4.4 ◉ | 1.68 g/t Au + 16 g/t Ag | 7.4 | 8.1 | 0.04 |
| Near-Miss | NiCANNICN | Au | PG26-03 * | 7.55 ◉ | 0.89 g/t Au + 3.54 g/t Ag, 0.05% Pb | 6.7 | 7.1 | 0.44 |
* Drilled width — true width not determined · ◉ From ≤200m (shallow) · ~ Moderate jurisdiction risk
Collective Mining intercepts are shown on the company-reported AuEq and are silver-dominant; GT/MCap is on an approximate market cap.
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 · WO₃: Good >1, Great >5, Exceptional >20 %·m (through-cycle APT basis)
AuEq: Au $3,200/oz · Ag $33/oz · Cu $13,700/t · APT $3,300/mtu · GT/MCap uses C$ mkt cap at October 13, 2026
Collective Mining intercepts are shown on the company-reported AuEq and are silver-dominant; GT/MCap is on an approximate market cap.
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 · WO₃: Good >1, Great >5, Exceptional >20 %·m (through-cycle APT basis)
AuEq: Au $3,200/oz · Ag $33/oz · Cu $13,700/t · APT $3,300/mtu · GT/MCap uses C$ mkt cap at October 13, 2026
Not Screened
NioBay Metals (NBY · TSX-V · C$13M) — Crevier, Canada. Best intercept: 20.0 m of 321 ppm Ta₂O₅ (13 holes reported, mostly near cut-off). Niobium/tantalum — no GT threshold defined in the current framework.
First Atlantic Nickel & Cobalt (FAN · TSX-V · C$115M) — Alloy Max, Newfoundland. Visual awaruite estimates only, no assays reported; follow-up hole planned.
Emperor Metals (AUOZ · CSE · C$92M) — Duquesne West, Canada. Program update; no new assays (visible gold in DQ26-55, assays pending).
IMPACT Silver (IPT · TSX-V · C$91M) — Mexico. Operating and exploration update; no new assays.
Renforth Resources (RFR · CSE) — Parbec, Canada. Surface channel sampling, not drilling.
Gold Runner Exploration (GRUN · CSE) / Kalo Gold (KALO · TSX-V) — Grab samples and field-screening estimates, not drill assays.
District Metals (DMX · TSX-V) / Getty Copper (GTC · TSX-V) / Allegiance Resources (CSE) — Shale intersection without assays; re-reported prior results; historical drilling — none are new assay results.
Cascade Copper (CASC · CSE · C$5M) — Headline 69.0 m at 0.46% CuEq from surface is not tied to a hole ID or depths in the release, so it is not archived; hole-level intervals are in the table.
Fortuna Mining (FVI · NYSE/TSX) — Diamba Sud: additional Appendix intervals not fully verified and not archived; main-table intervals are included. Market cap approximate.
Collective Mining (CNL) — Market cap approximate (converted from USD at 1.4233).
First Atlantic Nickel & Cobalt (FAN · TSX-V · C$115M) — Alloy Max, Newfoundland. Visual awaruite estimates only, no assays reported; follow-up hole planned.
Emperor Metals (AUOZ · CSE · C$92M) — Duquesne West, Canada. Program update; no new assays (visible gold in DQ26-55, assays pending).
IMPACT Silver (IPT · TSX-V · C$91M) — Mexico. Operating and exploration update; no new assays.
Renforth Resources (RFR · CSE) — Parbec, Canada. Surface channel sampling, not drilling.
Gold Runner Exploration (GRUN · CSE) / Kalo Gold (KALO · TSX-V) — Grab samples and field-screening estimates, not drill assays.
District Metals (DMX · TSX-V) / Getty Copper (GTC · TSX-V) / Allegiance Resources (CSE) — Shale intersection without assays; re-reported prior results; historical drilling — none are new assay results.
Cascade Copper (CASC · CSE · C$5M) — Headline 69.0 m at 0.46% CuEq from surface is not tied to a hole ID or depths in the release, so it is not archived; hole-level intervals are in the table.
Fortuna Mining (FVI · NYSE/TSX) — Diamba Sud: additional Appendix intervals not fully verified and not archived; main-table intervals are included. Market cap approximate.
Collective Mining (CNL) — Market cap approximate (converted from USD at 1.4233).
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