The First Assay
Thursday Drill Digest
TSX · TSX-V · CSE · July 2, 2026 · 3 companies, 12 holes, 2 jurisdictions
A quiet, Canada-Day-shortened session (this run sweeps June 30 afternoon through July 2) dominated by two North American names. Freegold Ventures dropped a 405-metre gold interval into its Golden Summit resource in Alaska, while FireFly Metals stacked six thick copper-gold hits through the high-grade core of its Green Bay VMS in Newfoundland. Gold and copper split the day evenly across the U.S. and Canada, with Viva Gold adding a shallow new discovery at Tonopah. The story was scale and continuity — no bonanza grade-widths from the juniors today.
⚑ Hole of the Day
Shallow · From 102.7mInfill · ResourceUSA · StableIntrusion-related
Freegold Ventures FVLTSX · C$650M
Golden Summit (Dolphin), USA (Alaska)
GS2610: 405.4m of 0.76 g/t Au* from 102.7m
incl 82.3m of 0.85 g/t & 51.9m of 1.25 g/t | GT 308.1 g/t·m (Exceptional) | AuEq·m 308.1 | GT/MCap 0.47×
GS2610 cut 405.4 m averaging 0.76 g/t gold from just 102.7 m — an intercept whose value is scale, not grade. Starting shallow, it sits squarely in open-pit range and feeds the starter-pit and PFS work Freegold is running six rigs to support, with higher-grade cores (82.3 m @ 0.85, 51.9 m @ 1.25) threading through it. A GT of 308 g/t·m is Exceptional on width alone, and at a ~C$650 M cap the 0.47× GT/MCap is respectable for a name this size — though it ranks only about 7th among gold intercepts of the trailing 30 days, behind June's bonanza holes (Heliostar 1,088; i-80 914; NexGold 735). Watch for the resource update that converts this width into contained ounces.
* 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.
VAU TG2616 Au1.36×
FVL GS2610 Au★ HOTD0.47×
FVL GS2607 Au0.26×
FFM MUG26-054 Cu0.16×
FFM MUG26-053 Cu0.16×
Micro-cap Viva (~C$25M) tops the sheet on a clean single-metal gold hit; the HOTD's 0.47× is the best ratio among the larger discoveries.
Today's Qualifying Intercepts — Top 7 of 12
| Rating | Company | Metal | Hole | m | Grade | GT | AuEq·m | GT/MCap |
|---|---|---|---|---|---|---|---|---|
| Exc ★ | FreegoldFVL | Au | GS2610* | 405.4 | 0.76 g/t | 308.1 | 308.1 | 0.47 |
| Great | FreegoldFVL | Au | GS2607* | 102.3 | 1.67 g/t | 170.8 | 170.8 | 0.26 |
| Great | FreegoldFVL | Au | GS2607* | 40.1 | 1.95 g/t | 78.2 | 78.2 | 0.12 |
| Good | Viva GoldVAU | Au | TG2616* | 38.1 | 0.89 g/t | 33.9 | 36.6 | 1.36 |
| Exc | FireFlyFFM | Cu | MUG26-054 ✓ | 51.5 | 4.0 % | 206.0 | 320.7 | 0.16 |
| Exc | FireFlyFFM | Cu | MUG26-053 ✓ | 42.0 | 4.7 % | 197.4 | 321.7 | 0.16 |
| Exc | FireFlyFFM | Cu | MUG26-036* | 50.2 | 3.5 % | 175.7 | 254.1 | 0.14 |
↗ View all 12 intercepts in Google Sheets
+5 not shown (per-company cap): FFM MUG26-028/013/029 (Great); FVL GS2607 4.6m & GS2610 39.7m (Good).
✓ True width stated · * drilled width, TW not determined · GT thresholds Au: Good>10/Great>50/Exc>200 g/t·m; Cu: Good>20/Great>40/Exc>150 %·m · AuEq: Au $3,200/oz, Ag $33/oz, Cu $13,700/t.
Not Screened
Gold Hart Copper (HART · TSX-V · ~C$50M) — Tolita, Chile. DDHTOL01, ~738 m of continuous mineralisation to 1,053 m. Cu-Au porphyry — no composited grade in text (values in figures only); GT not computable.
Kalo Gold (KALO · TSX-V · ~C$10M) — Vatu Aurum, Fiji. Two recon holes confirm a 1.8 km epithermal system. Geochem/mineralogy only — no composited assay intervals.
Rokmaster Resources (RKR · TSX-V · ~C$25M) — Hanson, BC. 0.518% Mo over 1.2 m; 0.051% Mo over 18.2 m. Mo/MoS₂ only — no GT threshold in the framework.
Kalo Gold (KALO · TSX-V · ~C$10M) — Vatu Aurum, Fiji. Two recon holes confirm a 1.8 km epithermal system. Geochem/mineralogy only — no composited assay intervals.
Rokmaster Resources (RKR · TSX-V · ~C$25M) — Hanson, BC. 0.518% Mo over 1.2 m; 0.051% Mo over 18.2 m. Mo/MoS₂ only — no GT threshold in the framework.
THE FIRST ASSAY
thefirstassay.com · Au $3,200/oz · Ag $33/oz · Cu $13,700/t · Not investment advice.
Archived to Google Sheets · Catch-up run covering June 30 PM – July 2 (post Canada Day).