The First Assay
Friday Drill Digest
TSX · TSX-V · CSE · July 10, 2026
3 companies
12 qualifying holes
3 jurisdictions
An all-Americas Friday. GR Silver's SE Extension step-out at San Marcial was the only fresh assay release this morning, but two substantial reports that posted into yesterday's scrape gap round out the sheet: Roxmore's first infill results at Converse in Nevada — nine qualifying skarn intercepts led by 247 m of 0.51 g/t Au — and Mogotes' final Albor assays at Filo Sur, where 180 m of 0.98% CuEq from 108 m confirms a second discovery on the Macho Muerto fault, directly along strike from Filo del Sol. Twelve qualifying holes across three companies and three jurisdictions, with nearly everything starting shallow.
⚑ Hole of the Day
◉ Shallow · From 131.7m
Infill · Resource
USA · Stable
Skarn
Roxmore Resources RM TSX · C$218M
Converse (North Redline), Nevada, USA
CV26-010C: 247.2m of 0.51 g/t Au + 3.79 g/t Ag from 131.7m
incl. 34.3m of 1.25 g/t Au from 246.3m
GT
126.1 g/t·m Great
AuEq·m
135.7 (Au+Ag basis)
GT/MCap
0.58× (Au)
CV26-010C put 247.2 m of 0.51 g/t Au through a sparsely drilled block of inferred material at North Redline — and came back better than the model. As the first hole of Roxmore's 30,000 m inferred-to-indicated conversion program, that is exactly what the 5.9 Moz Converse resource needed: heap-leach grade over true widths of 75–100%, starting at 131.7 m, with the hole extending mineralization beyond the current PEA pit shell. 0.58× GT/MCap is solid rather than spectacular for a ~C$218M developer, and the hole ranks #16 among roughly 100 gold intercepts in the 30-day archive — this is a de-risking hole, not a discovery hole, and the market will price it as resource-conversion progress. Watch for a second core rig arriving mid-July, silver re-assay results in Q3, and the updated MRE in Q1 2027.
GT/MCap Spotlight — Top 5
GR Silver's 24.0× is an Ag-unit figure — silver GT runs ~30× gold's scale, so it is not comparable to the Au/Cu names. Best clean ratio: Roxmore's CV26-010C at 0.58×. Au and Cu metrics are on different price bases — not directly comparable across metals.
GRSL SMS26-07 Ag
24.05×
RM CV26-010C Au ◉ ✓ ★ HOTD
0.58×
MOG FS_DDH_016 Cu ◉ ~
0.34×
RM CV26-015 Au ◉ ✓
0.27×
RM CV26-014 Au ◉ ✓
0.22×
◉ From depth ≤200m (shallow) · ⚠ High jurisdiction risk · ~ Moderate jurisdiction risk · ✓ True width stated · ★ HOTD
Today's Qualifying Intercepts — Top 6 of 12
| Rating | Company | Metal | Hole | m | Grade / COG | GT | AuEq·m | GT/MCap |
|---|---|---|---|---|---|---|---|---|
| Great ★ | Roxmore ResourcesRM | AuSkarn | CV26-010C ✓ | 247.2 ◉ | 0.51 g/t / n/s | 126.1 | 135.7 | 0.578 |
| Great | Roxmore ResourcesRM | AuSkarn | CV26-015 ✓ | 68.6 ◉ | 0.87 g/t / n/s | 59.7 | 62.1 | 0.274 |
| Good | Roxmore ResourcesRM | AuSkarn | CV26-014 ✓ | 59.4 ◉ | 0.82 g/t / n/s | 48.7 | 50.5 | 0.223 |
| Great | GR Silver MiningGRSL | AgEpithermal | SMS26-07* | 21.9 | 168 g/t / n/s | 3679 | 37.9 | 24.05 (Ag) |
| Great | Mogotes MetalsMOG | CuPorphyry-Cu | FS_DDH_016* ~ | 180 ◉ | 0.98 % CuEq / 0.20% | 91.8 | 194.1 | 0.338 (Cu) |
| Good | Mogotes MetalsMOG | CuPorphyry-Cu | FS_DDH_019* ~ | 14 ◉ | 0.82 % CuEq / 0.20% | 5.7 | 12.9 | 0.021 (Cu) |
↗ View all 12 intercepts in Google Sheets
· +6 not shown (3-row company cap): RM ×6, all Good, GT 14.5–46.1, ≤0.21×
✓ True width stated in PR · * Drilled width — TW not determined · ◉ From ≤200m (shallow)
⚠ High jurisdiction risk · ~ Moderate jurisdiction risk · n/s = COG not stated
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
AuEq: Au $3,200/oz · Ag $33/oz · Cu $13,700/t · GT/MCap uses C$ mkt cap at July 10, 2026
Roxmore and Mogotes rows are catch-ups from July 9 releases that posted into yesterday's scrape gap. Deposit type shown under metal symbol.
⚠ High jurisdiction risk · ~ Moderate jurisdiction risk · n/s = COG not stated
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
AuEq: Au $3,200/oz · Ag $33/oz · Cu $13,700/t · GT/MCap uses C$ mkt cap at July 10, 2026
Roxmore and Mogotes rows are catch-ups from July 9 releases that posted into yesterday's scrape gap. Deposit type shown under metal symbol.
Week in Review — July 6 to July 10
| Day | Rating | Company | Metal | Hole | GT | AuEq·m |
|---|---|---|---|---|---|---|
| Wed | Exceptional | NGEx MineralsNGEX | Cu | DPDH071 | 728.2 | 1643.6 |
| Tue | Exceptional | Radisson MiningRDS | Au | OB-26-385W4 | 1613.2 | 1613.2 |
| Thu | Exceptional | ATEX ResourcesATX | Cu | ATXD23C | 498.2 | 891.7 |
| Wed | Exceptional | NGEx MineralsNGEX | Cu | DPDH077 | 375.9 | 717.7 |
| Wed | Exceptional | NGEx MineralsNGEX | Cu | DPDH072 | 298.1 | 659.3 |
| Wed | Exceptional | Andina CopperANDC | Cu | PIU13 | 234.0 | 466.6 |
| Thu | Exceptional | ATEX ResourcesATX | Cu | ATXD31A | 249.1 | 443.7 |
| Thu | Exceptional | ATEX ResourcesATX | Cu | ATXD31B | 236.6 | 429.4 |
| Wed | Exceptional | NGEx MineralsNGEX | Cu | DPDH069 | 171.1 | 386.0 |
| Tue | Exceptional | Marimaca CopperMARI | Cu | SPRD-08B | 270.6 | 372.7 |
Copper owned the week — 8 of the top 10 holes, split between the Vicuña district (NGEx, ATEX) and Chile/Argentina porphyries. Radisson's 316 g/t bonanza hole was the lone gold entry.
THE FIRST ASSAY
thefirstassay.com
Au $3,200/oz · Ag $33/oz · Cu $13,700/t
Not investment advice.
Not investment advice.
Archived: Google Sheets
· Raw CSV also saved to Drive · Enumeration was search-based this run (no browser connected) — coverage may be incomplete