The First Assay
Friday Drill Digest
TSX · TSX-V · CSE · NYSE-A · Nasdaq · October 16, 2026
30 companies
145 qualifying holes
9 jurisdictions
A catch-up edition covering Tuesday afternoon through Friday morning, and gold carries it: eight Exceptional intercepts, led by Auro Metals' Santa Barbara porphyry in Ecuador (572.5 m of 0.60 g/t Au), Lux Metals' 19.5 m of 17.57 g/t Au in James Bay, Sitka's 236 m of 1.15 g/t Au in the Yukon and Freegold's 375 m of 0.73 g/t Au at Golden Summit. Copper is broad and low-grade rather than spectacular (Selkirk's 44.7 m of 2.12% Cu is the pick), silver bonanzas come from Silverco and Silver North, and Antimony Resources adds 13.0 m of 4.35% Sb. Coverage of Tuesday-afternoon releases is partial, so a few names from that session may be missing.
⚑ Hole of the Day
◉ Shallow · From 72.5m Extension · Step-out Ecuador · Moderate Risk ~ Porphyry-Cu/Au
Auro Metals AURO TSX-V · C$193M ~
Santa Barbara, Ecuador
DSB-74: 572.47m of 0.60 g/t Au + 0.10% Cu * from 72.5m
partial — assays from 645 m to 857 m pending
GT
343.5 g/t·m
ExceptionalAuEq·m
419.7
Au + Cu basis
GT/MCap
1.78×
(Au)
30-day rank
#24 of 1,137
Auro's DSB-74 returned 572.5 m of 0.60 g/t Au + 0.10% Cu from 72.5 m — a bulk-tonnage porphyry result that starts almost at surface, which points to open-pit economics rather than underground. It is an 80 m step-out from DSB-73, so it extends the system rather than infilling it, and the interval is still open: assays below 645 m (to 857 m) are pending. On a C$193M market cap it scores 1.78× GT/MCap (GT 343.5 g/t·m) and ranks #24 of 1,137 gold intercepts archived over the past 30 days — strong, but not a record. The company's own AuEq is lower (0.62 g/t) because it applies metallurgical recoveries; ours credits Cu at full price. Close call: Lux Metals' LG26-241 (19.5 m of 17.57 g/t Au, GT 342.6) missed the top spot by under 1 g/t·m yet carries a 25× GT/MCap on a C$13M cap — the higher-grade, higher-leverage hole, in a first hole at a new zone. Ecuador is a moderate-risk jurisdiction. Watch for the remaining DSB-74 assays and the next Phase II step-outs.
* Drilled widths — true width not determined pending geological modelling.
GT/MCap Spotlight — Top 5
All five are silver intercepts on micro-caps (C$4–27M); silver's unit scale inflates the ratio, so they are not comparable with gold or copper. Cleanest gold/copper ratios: LXM LG26-241 25.4× · CRB CT26-28 14.5× · CASC CF-26-04 12.2×.
SNAG HLD26-41 Ag ✓333.60×
LSTR LSRC13 Ag ◉309.85×
LSTR LSRC14 Ag ◉267.77×
SNAG HLD26-40 Ag ✓59.92×
LSTR LSRC10 Ag ◉26.61×
◉ From depth ≤200m (shallow) · ⚠ High jurisdiction risk · ~ Moderate jurisdiction risk · ✓ True width stated · ★ HOTD
Today's Qualifying Intercepts — Top 10 of 145
| Rating | Company | Metal | Hole | m | Grade | GT | AuEq·m | GT/MCap |
|---|---|---|---|---|---|---|---|---|
| Exceptional ★ | Auro MetalsAURO | Au | DSB-74 * ~ | 572.47 ◉ | 0.6 g/t Au | 343.5 | 419.7 | 1.78 |
| Exceptional | Lux MetalsLXM | Au | LG26-241 ✓ | 19.5 | 17.57 g/t Au | 342.6 | 342.6 | 25.38 |
| Exceptional | Lux MetalsLXM | Au | LG26-241 (incl.) ✓ | 8 | 39.08 g/t Au | 312.6 | 312.6 | 23.16 |
| Exceptional | Auro MetalsAURO | Au | DSB-73 * ~ | 394.4 ◉ | 0.73 g/t Au | 287.9 | 340.4 | 1.49 |
| Exceptional | Freegold VenturesFVL | Au | GS2647 * | 375 | 0.73 g/t Au | 273.8 | 273.8 | 0.50 |
| Exceptional | Sitka GoldSIG | Au | DDRCCC-26-156 * | 236 | 1.15 g/t Au | 271.4 | 271.4 | 0.66 |
| Exceptional | Freegold VenturesFVL | Au | GS2656 * | 213 | 1.24 g/t Au | 264.1 | 264.1 | 0.49 |
| Exceptional | Auro MetalsAURO | Au | DSB-71 * ~ | 301.4 ◉ | 0.78 g/t Au | 235.1 | 275.2 | 1.22 |
| Great | Sitka GoldSIG | Au | DDRCCC-26-156 (incl.) * | 71 | 2.79 g/t Au | 198.1 | 198.1 | 0.48 |
| Great | Tectonic MetalsTECT | Au | CMR26-170 * | 80.77 ◉ | 1.86 g/t Au | 150.2 | 150.2 | 0.62 |
↗ View all 145 intercepts in Google Sheets +135 not shown — copper, silver, zinc-lead and antimony intercepts included
Near-Miss
| Near-miss | Lodestar MetalsLSTR | Ag | LSRC11 * | 13.7 ◉ | 7.9 g/t Ag | 108.2 | 6 | 27.75 (Ag) |
| Near-miss | Lodestar MetalsLSTR | Ag | LSRC12 * | 18.3 ◉ | 2.3 g/t Ag | 42.1 | 6.5 | 10.79 (Ag) |
| Near-miss | Blue Star GoldBAU | Zn+Pb | 26RHD002 * | 20.71 | 1.42% Zn | 29.4 | 8.6 | 0.93 (Zn+Pb) |
| Near-miss | South Atlantic GoldSAO | Au | 26DDIGR013 * | 8 ◉ | 1.21 g/t Au | 9.7 | 9.7 | 0.92 |
| Near-miss | Lithium AfricaLAF | Li2O | NB1DD26-004 * | 8 ◉ | 1.7% Li2O | 13.6 | 19.8 | 0.67 (Li2O) |
| Near-miss | FireFox GoldFFOX | Au | 26MJ033 * | 5 ◉ | 1.03 g/t Au | 5.2 | 5.2 | 0.18 |
| Near-miss | Northwest CopperNWST | Cu | K-26-326 ✓ | 28.7 ◉ | 0.38% Cu | 10.9 | 18.8 | 0.14 (Cu) |
| Near-miss | Selkirk CopperSCMI | Cu | 26SCM226 * | 14.9 ◉ | 1.3% Cu | 19.4 | 26.6 | 0.10 (Cu) |
| Near-miss | Scorpio GoldSGLD | Au | 26MN-123 * | 7.16 ◉ | 1.13 g/t Au | 8.1 | 8.1 | 0.10 |
| Near-miss | Selkirk CopperSCMI | Cu | 26SCM227 * | 12 ◉ | 0.94% Cu | 11.3 | 18.5 | 0.06 (Cu) |
| Near-miss | Galantas GoldGAL | Au | IN26005 * | 0.66 | 1.24 g/t Au | 0.8 | 5.2 | 0.00 |
✓ 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: >500 / >2,000 / >10,000 g/t·m · Cu: Good >20, Great >40, Exceptional >150 %·m · Sb: >5 / >20 / >60 %·m · Zn+Pb: >50 / >150 / >300 %·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 16, 2026. Copper intercepts rated on reported CuEq where given.
Deposit type listed in the Google Sheet.
⚠ High jurisdiction risk · ~ Moderate jurisdiction risk
GT thresholds — Au: Good >10, Great >50, Exceptional >200 g/t·m · Ag: >500 / >2,000 / >10,000 g/t·m · Cu: Good >20, Great >40, Exceptional >150 %·m · Sb: >5 / >20 / >60 %·m · Zn+Pb: >50 / >150 / >300 %·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 16, 2026. Copper intercepts rated on reported CuEq where given.
Deposit type listed in the Google Sheet.
Not Screened
District Metals (DMX · TSX-V) — Viken, Sweden. First hole VIK-26-001 logged 154.8 m of elevated handheld radioactivity (240–625 cps); geochemical assays pending. Below the radiometric bar, no grade reported.
Brunswick Exploration (BRW · TSX-V · C$68M) — Anatacau Main, Quebec. Hole AN-26-17 logged 302 m of spodumene-bearing pegmatite visually; no assays, no from/to depths.
BCM Resources (B · TSX-V · C$134M) — Thompson Knolls, Utah. TK21 logged ~305 m of copper skarn visually (140 m above 1% chalcopyrite by volume); core still being sampled.
Safi Silver (SF · TSX-V · C$17M) — Addana, Morocco. First drill results are single-sample maxima, not composited intercepts (35.5 g/t Ag confirmed; one 657 g/t Ag sample is unconfirmed and being re-assayed).
Mink Ventures (MINK · TSX-V · C$3M) — Rankin, Ontario. R26-1 returned 2.1 m of 0.57% Ni, 0.88% Cu, 0.076% Co — below the screening thresholds; three other holes had no significant values.
Canadian Goldfields Discovery (CGM · TSX-V) — A 2010 historic hole, RPX-10-02, was re-assayed (35 m of 3.26 g/t Au). That is re-assay of old core, not new drilling; the new 2026 holes are screened above.
Upside Gold (UG · CSE · C$35M) — Kena, B.C. Drilling completed (6,563 m, 24 holes); no assays yet.
Magna Terra (MTT · TSX-V) and Brixton Metals (BBB · TSX-V) — Surface rock and soil sampling only (Brixton grabs to 195 g/t Au) — not drilling.
Alkane Resources (ALK · TSX) — Primary listing is outside coverage; no assay table in the release.
Coverage note — Several multi-hole tables were published as images (Sitka, Cascade Copper, Blue Star), so only intervals quoted in the text are included; Gold X2's table is shown at its highest grade-thickness intervals; Pan Global, Auriginal, Galantas, Sitka, Tectonic, Silver North, Group Eleven and several other market caps are approximate.
Brunswick Exploration (BRW · TSX-V · C$68M) — Anatacau Main, Quebec. Hole AN-26-17 logged 302 m of spodumene-bearing pegmatite visually; no assays, no from/to depths.
BCM Resources (B · TSX-V · C$134M) — Thompson Knolls, Utah. TK21 logged ~305 m of copper skarn visually (140 m above 1% chalcopyrite by volume); core still being sampled.
Safi Silver (SF · TSX-V · C$17M) — Addana, Morocco. First drill results are single-sample maxima, not composited intercepts (35.5 g/t Ag confirmed; one 657 g/t Ag sample is unconfirmed and being re-assayed).
Mink Ventures (MINK · TSX-V · C$3M) — Rankin, Ontario. R26-1 returned 2.1 m of 0.57% Ni, 0.88% Cu, 0.076% Co — below the screening thresholds; three other holes had no significant values.
Canadian Goldfields Discovery (CGM · TSX-V) — A 2010 historic hole, RPX-10-02, was re-assayed (35 m of 3.26 g/t Au). That is re-assay of old core, not new drilling; the new 2026 holes are screened above.
Upside Gold (UG · CSE · C$35M) — Kena, B.C. Drilling completed (6,563 m, 24 holes); no assays yet.
Magna Terra (MTT · TSX-V) and Brixton Metals (BBB · TSX-V) — Surface rock and soil sampling only (Brixton grabs to 195 g/t Au) — not drilling.
Alkane Resources (ALK · TSX) — Primary listing is outside coverage; no assay table in the release.
Coverage note — Several multi-hole tables were published as images (Sitka, Cascade Copper, Blue Star), so only intervals quoted in the text are included; Gold X2's table is shown at its highest grade-thickness intervals; Pan Global, Auriginal, Galantas, Sitka, Tectonic, Silver North, Group Eleven and several other market caps are approximate.
Week in Review — Oct 12 to Oct 16
| Day | Rating | Company | Metal | Hole | GT | AuEq·m |
|---|---|---|---|---|---|---|
| Tue | Exceptional | Rackla Metals | WO₃ | DDH26L-002 | 40.9 | 1314.6 |
| Tue | Exceptional | Rackla Metals | WO₃ | DDH26L-001 | 35 | 1126.3 |
| Tue | Exceptional | Rackla Metals | WO₃ | DDH26L-003 | 29.9 | 960.1 |
| Tue | Great | Rackla Metals | WO₃ | DDH26L-004 | 18.4 | 592.2 |
| Fri | Exceptional | Auro Metals | Au | DSB-74 | 343.5 | 419.7 |
| Fri | Exceptional | Lux Metals | Au | LG26-241 | 342.6 | 342.6 |
| Fri | Exceptional | Auro Metals | Au | DSB-73 | 287.9 | 340.4 |
| Fri | Exceptional | Lux Metals | Au | LG26-241 (incl.) | 312.6 | 312.6 |
| Fri | Exceptional | Auro Metals | Au | DSB-71 | 235.1 | 275.2 |
| Fri | Exceptional | Freegold Ventures | Au | GS2647 | 273.8 | 273.8 |
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