The First Assay
Thursday Drill Digest
TSX · TSX-V · CSE · NYSE-A · Nasdaq — August 6, 2026
13 companies · 72 qualifying holes · 7 jurisdictions
A heavy day — fourteen releases, thirteen of them with intercepts that clear the screen, and two rated Exceptional. Gold carries the volume (52 of 72 qualifying rows) but the day's real character is polymetallic: Luca's Campo Morado VMS holes, Tudor's new Perfectstorm porphyry, Oroco and Copper Fox on copper, and Silver Storm's Rosarios oxide veins. Mexico supplies four of the thirteen names; Canada four; the rest spread across Suriname, Nigeria, Côte d'Ivoire, Arizona and Scotland. No company on today's sheet appeared on yesterday's, so no active streaks.
HOLE OF THE DAY
Deep · from 433m | Extension · step-out | Suriname · stable | Orogenic
Founders Metals FDR TSX-V · C$503M
Antino — Upper Antino, Suriname
FR249: 28.0m of 14.27 g/t Au* from 433.0m
deepest of four stacked shears; upper zones 18.0m at 1.04, 24.0m at 0.36, 6.0m at 1.62 g/t
| GT 399.6 g/t·m Exceptional |
AuEq·m 399.6 Au basis |
GT/MCap 0.79x (Au) |
Deposit Orogenic |
Twenty-eight metres at better than 14 g/t is a genuinely wide high-grade intercept, not a narrow bonanza sample stretched over an interval — and at ~340m vertical it sits well below the Froyo core where Founders has previously seen these grades. The geological argument is the interesting part: the shears cut a gabbro body that widens with depth, and the competent, iron-rich host both fractures to open vein space and chemically favours gold deposition. That gives a mechanistic reason for grade to persist rather than a hopeful projection. At 433m this is underground geometry, not open pit, but 14 g/t over 28m carries an underground operation comfortably. 0.79x GT/MCap is respectable for a C$500M explorer — value is already partly priced. Within the archive window checked this is the third-best gold result of the past week, behind Revival Gold's 451.7 and Osisko's 441.3 AuEq·m (both Aug 5). True width is not determined and grades are uncapped — 14.27 g/t over 28m from uncapped assays warrants care until Founders publishes capping levels. Watch for the along-strike and down-plunge follow-up, and for where the gabbro contact goes.
* Drilled widths — true width not determined pending geological modelling.
GT/MCap SPOTLIGHT — TOP 5
Au, Ag, Cu and Ni metrics are on different price and unit bases — not directly comparable across metals. Capped at two rows per company.
| SVRS IDP-RO-26-007 Ag | 8.62x |
| SVRS IDP-RO-26-004 Ag | 7.18x |
| TOC JES-26-155 Au | 2.12x |
| WINS RBD028 Ni | 2.11x |
| SRS RC26-010 Au | 1.70x |
Silver Storm tops the sheet at 8.62x, but that is a unit-scale artefact: silver GT is measured in g/t·m against a 500 g/t·m threshold, so an ordinary 200 g/t AgEq vein over 15m outscores almost any gold hole on this ratio. Treat it as a strong infill result at a C$356M restart story, not as eight times better value than anything else here. The best clean Au/Cu ratio is Tocvan at 2.12x — 215m of 0.6 g/t Au from 36.6m against a C$57M market cap, which is the genuine value-per-dollar standout. Winshear's 2.11x is real but rests on a 0.18% Ni halo, and Sorrento's 1.70x comes off a C$7.7m shell.
TODAY'S QUALIFYING INTERCEPTS — TOP 10 OF 72
| Rating | Company | Hole | m | Grade | GT | AuEq·m | GT/MC |
|---|---|---|---|---|---|---|---|
| EXC | Founders FDR Au · Orogenic | FR249* | 28.0 | 14.27 g/t | 399.6 | 399.6 | 0.79 |
| EXC | Luca Mining LUCA Au · VMS | CMUG-26-50* | 183.7 | 1.18 g/t Au + 72 Ag, 0.39 Cu, 1.67 Zn | 216.8 | 555.0 | 0.83 |
| GREAT | Tocvan TOC Au · Epithermal-LS | JES-26-155* | 215.0 | 0.56 g/t | 120.4 | 128.0 | 2.12 |
| GREAT | Goliath GOT Au · Stockwork | GD-26-418* | 16.0 | 7.34 g/t (8.09 AuEq) | 117.4 | 129.4 | 0.43 |
| GREAT | Luca Mining LUCA Au · VMS | CMUG-26-49* | 154.9 | 0.65 g/t Au + 0.80 Cu, 1.43 Zn | 100.7 | 390.7 | 0.39 |
| GREAT | Tudor Gold TUD Au · Porphyry-Au | PS-26-15* | 83.1 | 0.78 g/t | 64.8 | 65.1 | 0.17 |
| GREAT | Silver Storm SVRS Ag · Epithermal | IDP-RO-26-007 | 15.35 | 200 g/t AgEq | 3,070 | 31.7 | 8.62 (Ag) |
| GREAT | Silver Storm SVRS Ag · Epithermal | IDP-RO-26-004 | 11.9 | 215 g/t AgEq | 2,558 | 26.4 | 7.18 (Ag) |
| GREAT | Oroco OCO Cu · Porphyry-Cu | S033* | 114.7 | 0.44% (0.54% CuEq) | 50.5 | 82.5 | 0.39 (Cu) |
| GOOD | Copper Fox CUU Cu · Porphyry-Cu | MM-02-2025* | 188.1 | 0.189% | 35.5 | 48.5 | 0.08 (Cu) |
View all 72 intercepts in Google Sheets
+62 not shown, incl. LUCA CMUG-26-46 Great 0.34x, LUCA CMUG-26-47 Great 0.32x, THX SNMDD089 Great 0.09x, TUD PS-26-17 Great 0.15x, WINS RBD028 Great 2.11x (Ni), ATMY BH-26-16 Good 0.20x (Sb), KRI KDD0167 Good 1.64x, SRS RC26-010 Good 1.70x. Plus 27 near-misses — Silver Storm IDP-RO-26-003 (1.0m at 442 g/t AgEq, 1.24x), Kobo KDD0166 (12.0m at 0.81 g/t, 0.97x of Good), Oroco S027 (28.3m at 0.47% Cu oxide), Antimony Resources BH-26-07 (3.0m at 0.99% Sb).
* Drilled width — true width not determined. GT thresholds — Au: Good >10, Great >50, Exceptional >200 g/t·m; Ag: Good >500, Great >2,000 g/t·m; Cu: Good >20, Great >40, Exceptional >150 %·m; Sb: Good >5, Great >20 %·m; Ni: Good >5, Great >10 %·m. AuEq basis: Au $3,200/oz · Ag $33/oz · Cu $13,700/t · Zn $3,000/t · Ni $17,000/t · Sb $30,000/t. GT/MCap uses C$ market cap at August 6, 2026. Luca and Silver Storm depths are downhole from underground stations or core lengths, not vertical depth below surface.
NOT SCREENED
Aeonian Resources (ALTN · TSX-V · C$6.4M) — Koocanusa, British Columbia. Final results from the maiden five-hole, 1,229m program at the Jake target. No composited intervals reported: best values are single samples of 607 ppm Cu over 0.50m and 77.7 g/t Ag over 0.69m. Nothing to compute a grade-thickness on — the release is a geological-model calibration, not an assay result. Management says so plainly, which is more than most.
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. Master archive not updated this run — stale since 2026-07-15, needs a manual backfill merge.
The First Assay
Thursday Drill Digest
TSX · TSX-V · CSE · NYSE-A · Nasdaq — August 6, 2026
13 companies · 72 qualifying holes · 7 jurisdictions
A heavy day — fourteen releases, thirteen of them with intercepts that clear the screen, and two rated Exceptional. Gold carries the volume (52 of 72 qualifying rows) but the day's real character is polymetallic: Luca's Campo Morado VMS holes, Tudor's new Perfectstorm porphyry, Oroco and Copper Fox on copper, and Silver Storm's Rosarios oxide veins. Mexico supplies four of the thirteen names; Canada four; the rest spread across Suriname, Nigeria, Côte d'Ivoire, Arizona and Scotland. No company on today's sheet appeared on yesterday's, so no active streaks.
HOLE OF THE DAY
Deep · from 433m | Extension · step-out | Suriname · stable | Orogenic
Founders Metals FDR TSX-V · C$503M
Antino — Upper Antino, Suriname
FR249: 28.0m of 14.27 g/t Au* from 433.0m
deepest of four stacked shears; upper zones 18.0m at 1.04, 24.0m at 0.36, 6.0m at 1.62 g/t
| GT 399.6 g/t·m Exceptional |
AuEq·m 399.6 Au basis |
GT/MCap 0.79x (Au) |
Deposit Orogenic |
Twenty-eight metres at better than 14 g/t is a genuinely wide high-grade intercept, not a narrow bonanza sample stretched over an interval — and at ~340m vertical it sits well below the Froyo core where Founders has previously seen these grades. The geological argument is the interesting part: the shears cut a gabbro body that widens with depth, and the competent, iron-rich host both fractures to open vein space and chemically favours gold deposition. That gives a mechanistic reason for grade to persist rather than a hopeful projection. At 433m this is underground geometry, not open pit, but 14 g/t over 28m carries an underground operation comfortably. 0.79x GT/MCap is respectable for a C$500M explorer — value is already partly priced. Within the archive window checked this is the third-best gold result of the past week, behind Revival Gold's 451.7 and Osisko's 441.3 AuEq·m (both Aug 5). True width is not determined and grades are uncapped — 14.27 g/t over 28m from uncapped assays warrants care until Founders publishes capping levels. Watch for the along-strike and down-plunge follow-up, and for where the gabbro contact goes.
* Drilled widths — true width not determined pending geological modelling.
GT/MCap SPOTLIGHT — TOP 5
Au, Ag, Cu and Ni metrics are on different price and unit bases — not directly comparable across metals. Capped at two rows per company.
| SVRS IDP-RO-26-007 Ag | 8.62x |
| SVRS IDP-RO-26-004 Ag | 7.18x |
| TOC JES-26-155 Au | 2.12x |
| WINS RBD028 Ni | 2.11x |
| SRS RC26-010 Au | 1.70x |
Silver Storm tops the sheet at 8.62x, but that is a unit-scale artefact: silver GT is measured in g/t·m against a 500 g/t·m threshold, so an ordinary 200 g/t AgEq vein over 15m outscores almost any gold hole on this ratio. Treat it as a strong infill result at a C$356M restart story, not as eight times better value than anything else here. The best clean Au/Cu ratio is Tocvan at 2.12x — 215m of 0.6 g/t Au from 36.6m against a C$57M market cap, which is the genuine value-per-dollar standout. Winshear's 2.11x is real but rests on a 0.18% Ni halo, and Sorrento's 1.70x comes off a C$7.7m shell.
TODAY'S QUALIFYING INTERCEPTS — TOP 10 OF 72
| Rating | Company | Hole | m | Grade | GT | AuEq·m | GT/MC |
|---|---|---|---|---|---|---|---|
| EXC | Founders FDR Au · Orogenic | FR249* | 28.0 | 14.27 g/t | 399.6 | 399.6 | 0.79 |
| EXC | Luca Mining LUCA Au · VMS | CMUG-26-50* | 183.7 | 1.18 g/t Au + 72 Ag, 0.39 Cu, 1.67 Zn | 216.8 | 555.0 | 0.83 |
| GREAT | Tocvan TOC Au · Epithermal-LS | JES-26-155* | 215.0 | 0.56 g/t | 120.4 | 128.0 | 2.12 |
| GREAT | Goliath GOT Au · Stockwork | GD-26-418* | 16.0 | 7.34 g/t (8.09 AuEq) | 117.4 | 129.4 | 0.43 |
| GREAT | Luca Mining LUCA Au · VMS | CMUG-26-49* | 154.9 | 0.65 g/t Au + 0.80 Cu, 1.43 Zn | 100.7 | 390.7 | 0.39 |
| GREAT | Tudor Gold TUD Au · Porphyry-Au | PS-26-15* | 83.1 | 0.78 g/t | 64.8 | 65.1 | 0.17 |
| GREAT | Silver Storm SVRS Ag · Epithermal | IDP-RO-26-007 | 15.35 | 200 g/t AgEq | 3,070 | 31.7 | 8.62 (Ag) |
| GREAT | Silver Storm SVRS Ag · Epithermal | IDP-RO-26-004 | 11.9 | 215 g/t AgEq | 2,558 | 26.4 | 7.18 (Ag) |
| GREAT | Oroco OCO Cu · Porphyry-Cu | S033* | 114.7 | 0.44% (0.54% CuEq) | 50.5 | 82.5 | 0.39 (Cu) |
| GOOD | Copper Fox CUU Cu · Porphyry-Cu | MM-02-2025* | 188.1 | 0.189% | 35.5 | 48.5 | 0.08 (Cu) |
View all 72 intercepts in Google Sheets
+62 not shown, incl. LUCA CMUG-26-46 Great 0.34x, LUCA CMUG-26-47 Great 0.32x, THX SNMDD089 Great 0.09x, TUD PS-26-17 Great 0.15x, WINS RBD028 Great 2.11x (Ni), ATMY BH-26-16 Good 0.20x (Sb), KRI KDD0167 Good 1.64x, SRS RC26-010 Good 1.70x. Plus 27 near-misses — Silver Storm IDP-RO-26-003 (1.0m at 442 g/t AgEq, 1.24x), Kobo KDD0166 (12.0m at 0.81 g/t, 0.97x of Good), Oroco S027 (28.3m at 0.47% Cu oxide), Antimony Resources BH-26-07 (3.0m at 0.99% Sb).
* Drilled width — true width not determined. GT thresholds — Au: Good >10, Great >50, Exceptional >200 g/t·m; Ag: Good >500, Great >2,000 g/t·m; Cu: Good >20, Great >40, Exceptional >150 %·m; Sb: Good >5, Great >20 %·m; Ni: Good >5, Great >10 %·m. AuEq basis: Au $3,200/oz · Ag $33/oz · Cu $13,700/t · Zn $3,000/t · Ni $17,000/t · Sb $30,000/t. GT/MCap uses C$ market cap at August 6, 2026. Luca and Silver Storm depths are downhole from underground stations or core lengths, not vertical depth below surface.
NOT SCREENED
Aeonian Resources (ALTN · TSX-V · C$6.4M) — Koocanusa, British Columbia. Final results from the maiden five-hole, 1,229m program at the Jake target. No composited intervals reported: best values are single samples of 607 ppm Cu over 0.50m and 77.7 g/t Ag over 0.69m. Nothing to compute a grade-thickness on — the release is a geological-model calibration, not an assay result. Management says so plainly, which is more than most.
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. Master archive not updated this run — stale since 2026-07-15, needs a manual backfill merge.