The First Assay — October 23, 2026

⚑ Hole of the Day

▾ Deep · From 293m Extension · Step-out Papua New Guinea · Moderate Risk ~ Epithermal-LS

Adyton Resources ADY TSX-V · C$121M ~

Kabang, Feni Island, Papua New Guinea

FDD033: 109m of 0.50 g/t AuEq (0.25 g/t Au + 0.18% Cu)* from 293m

incl. 53m of 0.60 g/t AuEq from 293m

109 m at 0.50 g/t AuEq from 293 m is a bulk-tonnage result, not a high-grade one: GT of 54.5 g/t·m just clears the Great threshold, and 0.45× GT/MCap on a C$121M cap is respectable for a hole this wide. Copper contributes materially (0.18% Cu, with a 53 m section at 0.60 g/t AuEq and 0.23% Cu), consistent with Au-Cu porphyry overprinted by epithermal mineralization. It starts at 293 m, so any open-pit case rests on the shallower 70 m at 0.53 g/t AuEq from 170 m in the same hole. It extends the Kabang system, which carries a 2021 inferred resource of 60.4 Mt at 0.75 g/t Au. Ranks mid-pack on AuEq·m among Au results of the last 30 days. Papua New Guinea is a moderate-risk jurisdiction, and the AuEq uses company-set recoveries with no metallurgical testwork behind them. Watch whether the Cu-rich lower zone holds up in follow-up holes.

* Drilled widths — true width not determined pending geological modelling.

GT/MCap Spotlight — Top 5

Au and Cu metrics are on different price bases — not directly comparable across metals. The top ratio is Viridian's Cu-Ni-Co hole, on CuEq and a smaller cap; the best Au ratio is Adyton's.

◉ From depth ≤200m (shallow)  ·  ~ Moderate jurisdiction risk  ·  ★ HOTD

Today's Qualifying Intercepts

* Drilled width — TW not determined  ·  ◉ From ≤200m (shallow)  ·  ~ Moderate jurisdiction risk
GT thresholds — Au: Good >10, Great >50, Exceptional >200 g/t·m  ·  Cu: Good >20, Great >40, Exceptional >150 %·m. Both companies report equivalent grades (AuEq / CuEq); GT is on the reported equivalent.
AuEq: Au $3,200/oz · Ag $33/oz · Cu $13,700/t · GT/MCap uses C$ mkt cap at October 23, 2026

Not Screened

Metalsource Mining (MSM · CSE · C$42M) — Silver Hill, North Carolina. SH26-45 reports roughly 22 m of semi-massive sulphide in an 80 m southern step-out; visual only, assays pending.

GoldHaven Resources (GOH · CSE · C$14M) — Magno, British Columbia. Up to 13 m of sulphide in GOH26-13 and 10.75 m cumulative in GOH26-10; visual logging only, assays pending.

IDEX Metals (IDEX · TSX-V · C$29M) — Freeze, Idaho. KSMT26016 logged a porphyry Cu-Mo stockwork over about 300 m to end of hole at 705.6 m; no interval or grade reported, assays pending.

Sranan Gold (SRAN · CSE · C$7M) — Lawatino, Suriname. 3 m at 20.89 g/t Au including 1 m at 55.04 g/t; channel samples from a trench, not drilling.

Mercado Minerals (MERC · CSE) — Zamora, Mexico. Surface vein samples including 0.40 m at 1,615 g/t Ag; not drilling.

SLAM Exploration (SXL · TSX-V) — Moose Lake. Brecciated rock with visible stibnite; visual only, no assays.

Spark Energy Minerals (SPRK · CSE) — Boa Vista. 1.54% TREO in soil and gallium in a rock sample; no drilling.

Week in Review — Oct 19 to Oct 23

Archived: Google Sheets