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
Exceptional
AuEq·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
RatingCompanyMetalHolemGradeGTAuEq·mGT/MCap
Exceptional ★Auro MetalsAUROAuDSB-74 * ~572.47 ◉0.6 g/t Au343.5419.71.78
ExceptionalLux MetalsLXMAuLG26-241 ✓19.517.57 g/t Au342.6342.625.38
ExceptionalLux MetalsLXMAuLG26-241 (incl.) ✓839.08 g/t Au312.6312.623.16
ExceptionalAuro MetalsAUROAuDSB-73 * ~394.4 ◉0.73 g/t Au287.9340.41.49
ExceptionalFreegold VenturesFVLAuGS2647 *3750.73 g/t Au273.8273.80.50
ExceptionalSitka GoldSIGAuDDRCCC-26-156 *2361.15 g/t Au271.4271.40.66
ExceptionalFreegold VenturesFVLAuGS2656 *2131.24 g/t Au264.1264.10.49
ExceptionalAuro MetalsAUROAuDSB-71 * ~301.4 ◉0.78 g/t Au235.1275.21.22
GreatSitka GoldSIGAuDDRCCC-26-156 (incl.) *712.79 g/t Au198.1198.10.48
GreatTectonic MetalsTECTAuCMR26-170 *80.77 ◉1.86 g/t Au150.2150.20.62
↗ View all 145 intercepts in Google Sheets  +135 not shown — copper, silver, zinc-lead and antimony intercepts included
Near-Miss
Near-missLodestar MetalsLSTRAgLSRC11 *13.7 ◉7.9 g/t Ag108.2627.75 (Ag)
Near-missLodestar MetalsLSTRAgLSRC12 *18.3 ◉2.3 g/t Ag42.16.510.79 (Ag)
Near-missBlue Star GoldBAUZn+Pb26RHD002 *20.711.42% Zn29.48.60.93 (Zn+Pb)
Near-missSouth Atlantic GoldSAOAu26DDIGR013 *8 ◉1.21 g/t Au9.79.70.92
Near-missLithium AfricaLAFLi2ONB1DD26-004 *8 ◉1.7% Li2O13.619.80.67 (Li2O)
Near-missFireFox GoldFFOXAu26MJ033 *5 ◉1.03 g/t Au5.25.20.18
Near-missNorthwest CopperNWSTCuK-26-326 ✓28.7 ◉0.38% Cu10.918.80.14 (Cu)
Near-missSelkirk CopperSCMICu26SCM226 *14.9 ◉1.3% Cu19.426.60.10 (Cu)
Near-missScorpio GoldSGLDAu26MN-123 *7.16 ◉1.13 g/t Au8.18.10.10
Near-missSelkirk CopperSCMICu26SCM227 *12 ◉0.94% Cu11.318.50.06 (Cu)
Near-missGalantas GoldGALAuIN26005 *0.661.24 g/t Au0.85.20.00
✓ 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.
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.
Week in Review — Oct 12 to Oct 16
DayRatingCompanyMetalHoleGTAuEq·m
TueExceptionalRackla MetalsWO₃DDH26L-00240.91314.6
TueExceptionalRackla MetalsWO₃DDH26L-001351126.3
TueExceptionalRackla MetalsWO₃DDH26L-00329.9960.1
TueGreatRackla MetalsWO₃DDH26L-00418.4592.2
FriExceptionalAuro MetalsAuDSB-74343.5419.7
FriExceptionalLux MetalsAuLG26-241342.6342.6
FriExceptionalAuro MetalsAuDSB-73287.9340.4
FriExceptionalLux MetalsAuLG26-241 (incl.)312.6312.6
FriExceptionalAuro MetalsAuDSB-71235.1275.2
FriExceptionalFreegold VenturesAuGS2647273.8273.8
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