The First Assay — October 22, 2026

⚑ Hole of the Day

Canagold hit 4.64 m of 52.8 g/t Au and 0.83% Sb from 503 m in NP26-08, including 2.64 m at 69.8 g/t Au — a GT of 245 g/t·m on a C$146M market cap, or 1.68× GT/MCap. This is narrow, high-grade vein material in an orogenic Au-Sb system, and at 503 m it is an underground story, not open pit. The same release carries NP26-07 at 7.33 m of 24.6 g/t Au (incl. 1.18 m at 70.4 g/t) and 10.0 m of 8.04 g/t Au, so this is a pattern across holes rather than one lucky intercept. The intervals are core lengths with true width not yet determined, and most of this high-grade is outside the current resource model — the open question is continuity and how much of it converts to tonnes. It ranks #53 of roughly 1,200 qualifying Au intercepts over the past 30 days, so it is a solid result rather than a standout on grade-thickness alone. Three of the 14 holes in the programme are reported here; watch for the rest.

GT/MCap Spotlight — Top 5

Au and Cu metrics are on different price bases — not directly comparable across metals.

The top two ratios, Silver Mountain's SMR-DC26-0019 and Minaurum's AL26-268, are silver-based (Ag and AgEq) on narrow intervals, so they are not comparable with the gold and copper names. The best clean ratio is Walker River's LC-26-179 at about 6.5× on a C$15M market cap, with LC-26-175 right behind it; Gold Strike's 400 m Florin hole follows at 4.5×.

◉ From depth ≤200m (shallow)  ·  ✓ True width stated  ·  ★ HOTD

Today's Qualifying Intercepts — Top 10 of 68

Near-miss	Dryden GoldDRY	AuOrogenic	DGR-078*	1.1	8.57 g/t	9.4	9.4	0.23
Near-miss	Liberty GoldLGD	AuOxide Au (he	BP26BF_CD033*	21.3 ◉	0.44 g/t	9.4	9.4	0.01
Near-miss	Minaurum SilverMGG	AgEpithermal	AL26-265 ✓	1.9 ◉	239 g/t AgEq	454.1	4.7	2.70 (Ag)
Near-miss	Walker River ResourcesWRR	AuIntrusive-re	LC-26-180*	7.62 ◉	1.15 g/t	8.8	8.8	0.58
Near-miss	Northwest CopperNWST	CuPorphyry-Cu	K-26-259 ✓	22	0.27 %	5.9	13.4	0.07 (Cu)
Near-miss	Gold Strike ResourcesGSR	Au	26F-01*	39	0.22 g/t	8.6	8.6	0.18
Near-miss	GreenLight MetalsGRL	CuVMS	B26-013*	5.2	0.89 %	4.6	11.8	0.23 (Cu)
Near-miss	NevGoldNAU	AuOxide Au-Sb	LB26-008 ✓	50.3	0.16 g/t	8.0	8	0.07

✓ True width stated  ·  * Drilled width — TW not determined  ·  ◉ From ≤200m (shallow)
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  ·  U₃O₈: Good >0.15, Great >0.75, Exceptional >5 %·m
AuEq: Au $3,200/oz · Ag $33/oz · Cu $13,700/t · Sb $30,000/t · GT/MCap uses C$ market cap at October 22, 2026. Silver rows for Minaurum use the company-reported AgEq and are cross-metal. Uranium shown is probe-derived eU₃O₈, not chemical assay.

Not Screened

Azincourt Energy (AAZ · TSX-V · C$5M) — Snegamook, Canada. SN0047: 29.5 m of multiple small radioactive zones, no grade reported; peak 0.06% eU3O8 over 0.3 m. Uranium results are preliminary downhole readings pending lab assays.

GreenLight Metals (GRL · TSX-V · C$20M) — Bend, USA. Two further holes (B26-016, B26-017) logged visually with assays pending — no assay results.

Walker River Resources (WRR · TSX-V · C$15M) — Lapon Canyon, USA. LC-26-174, -176, -177 and -181 reported 0.35–0.66 g/t Au over 10–44 m with depths not disclosed; LC-26-178 abandoned and LC-26-184 returned no significant values.

Minaurum Silver (MGG · TSX-V) — Alamos Silver, Mexico. Roughly 15 minor intervals below 150 g/t AgEq not tabulated; market cap approximate.

Aztec Minerals (AZT · TSX-V) — Tombstone, USA. Earlier holes in the same programme are not included; market cap not available so GT/MCap is N/A. 22 further holes pending.

Liberty Gold (LGD · TSX · C$1,070M) — Black Pine, USA. Additional holes sit in the company's supplementary table and were not tabulated.

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