The First Assay
Monday Drill Digest
TSX · TSX-V · CSE · July 6, 2026
13 companies
28 qualifying holes
8 jurisdictions
A heavy Monday tape as four days of newsflow (including the quiet July 4th US weekend) cleared at once: 13 companies posted 28 qualifying holes across 8 jurisdictions. Antimony is the day's unifying thread — Southern Cross, Alkane and Antimony Resources all reported Sb-bearing intercepts, with Antimony Resources' 5.05 m @ 16.65% Sb rating Exceptional. The standouts: Provenance Gold's 116.7 m @ 1.82 g/t at Eldorado West and Argenta Silver's 28 m @ 446 g/t Ag step-out at El Quevar.
⚑ Hole of the Day
◉ Shallow · From 192mExtension · Step-outUSA · Stable
Provenance Gold PAUCSE · C$50M
Eldorado West (Herman), Oregon, USA
EC-09: 116.74m of 1.82 g/t Au* from 191.7m
incl. 25.60m of 4.70 g/t from within, incl. 12.34m of 8.31 g/t
GT
212.5 g/t·m
ExceptionalAuEq·m
212.5
Au basis
GT/MCap
4.25×
(Au)
Program
2026 funded
The final hole of Provenance's 2025 core campaign delivered its best: 116.74 m of 1.82 g/t Au from 191.7 m in the Herman area — a 212.5 g/t·m intercept with a genuine high-grade engine inside it (25.6 m @ 4.70, incl. 12.34 m @ 8.31), so this is structure, not smearing. The top of the interval sits right at the 200 m open-pit line, with flanking 0.32 g/t intervals suggesting parallel zones and vertical continuity below the main envelope. On a ~C$50M CSE micro-cap that is a 4.25× GT/MCap — the best clean gold-unit ratio on today's sheet by a wide margin. It ranks #4 among gold intercepts in the archive over the past week, behind Collective (1,027), Benz (414) and Freegold (308 AuEq·m) — elite company for a company 1/30th their size. Drilled widths — true width not determined. Watch: the fully funded 2026 core program starts shortly.
* Drilled widths — true width not determined pending geological modelling.
GT/MCap Spotlight — Top 5
Au and Ag metrics are on different price bases — not directly comparable across metals.
AGAG QVD-469 Ag~52.92×
DMET ZM-197 Ag◉~10.00×
CAPT 26-JMDD-02 Ag9.84×
PAU EC-09 Au◉★ HOTD4.25×
SPMC ONED26-009 (Z3) Au~2.72×
◉ From depth ≤200m (shallow) · ⚠ High jurisdiction risk · ~ Moderate jurisdiction risk · ✓ True width stated · ★ HOTD
Today's Qualifying Intercepts — Top 10 of 28
| Rating | Company | Metal | Hole | m | Grade / COG | GT | AuEq·m | GT/MCap |
|---|---|---|---|---|---|---|---|---|
| Exceptional★ | Provenance GoldPAU | Au | EC-09* | 116.74 ◉ | 1.82 g/t / n/s | 212.5 | 212.5 | 4.25 |
| Great | Southern Cross GoldSXGC | AuEpizonal Au-Sb | SDDSC233 ✓ | 7.9 | 19.9 AuEq g/t / n/s | 157.2 | 157.2 | 0.06 |
| Great | Spanish Mountain GoldSPA | Au | 26-DH-1373* | 193.0 ◉ | 0.41 g/t / n/s | 79.1 | 79.1 | 0.50 |
| Great | South Pacific MetalsSPMC | Au | ONED26-009 (Z3)*~ | 12.2 | 6.24 AuEq g/t / n/s | 76.1 | 76.1 | 2.72 |
| Great | South Pacific MetalsSPMC | Au | ONED26-009 (Z1)*~ | 8.0 ◉ | 9.28 AuEq g/t / n/s | 74.2 | 74.2 | 2.65 |
| Great | P2 GoldPGLD | AuPorphyry-Au | GBD-039* | 123.44 ◉ | 0.50 + 0.20% Cu g/t / n/s | 61.7 | 94.6 | 0.27 |
| Great | Alkane ResourcesALK | AuEpizonal Au-Sb | TB053 ✓ | 3.2 | 17.9 + 1.7% Sb g/t / n/s | 57.3 | 73.1 | 0.02 |
| Exceptional | Argenta SilverAGAG | AgEpithermal | QVD-469*~ | 28.0 | 446 g/t / n/s | 12,488 | 128.7 | 52.92 (Ag) |
| Great | Capitan SilverCAPT | AgEpithermal | 26-JMDD-02* | 6.7 | 342.2 AgEq g/t / n/s | 2,292.7 | 23.6 | 9.84 (Ag) |
| Exceptional | Antimony ResourcesATMY | Sb | BH-26-25* | 5.05 ◉ | 16.65 % / n/s | 84.1 | 245.1 | 1.27 (Sb) |
↗ View all 28 intercepts in Google Sheets+18 not shown: SPA ×3, BYN ×6, ALK ×3, ATMY ×2 (incl BH-26-20 Great), PGLD GBD-022, BRVO DDH26LU312 (Great, Ni), DMET ZM-197 (Good, 10.0×), ORV TADD-279
Near-Miss
| Near-miss | Banyan GoldBYN | AuIntrusion-rel. | AX-26-844* | 12.5 | 0.79 g/t / n/s | 9.9 | 9.9 | 0.02 |
| Near-miss | Beauce Gold FieldsBGF | Au | Grondin Ph1* | 5.0 ◉ | 1.90 g/t / n/s | 9.5 | 9.5 | 1.36 |
| Near-miss | South Pacific MetalsSPMC | Au | ONED26-009 (Z2)*~ | 2.0 | 4.13 AuEq g/t / n/s | 8.3 | 8.3 | 0.30 |
| Near-miss | Inventus MiningIVS | AuConglomerate | Matinenda* | 0.5 | 10.5 g/t / n/s | 5.3 | 5.3 | 0.13 |
SPMC Z2 is a third zone from the same ONED26-009 hole that produced two qualifying intercepts above.
✓ 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, Exceptional >10,000 g/t·m · Sb: Good >5, Great >20, Exceptional >60 %·m
AuEq: Au $3,200/oz · Ag $33/oz · Cu $13,700/t · Sb $30,000/t · GT/MCap uses C$ mkt cap at July 6, 2026
SPMC AuEq as reported by PR (aggressive price deck) · BRVO PGM+Au not convertible to AuEq. 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, Exceptional >10,000 g/t·m · Sb: Good >5, Great >20, Exceptional >60 %·m
AuEq: Au $3,200/oz · Ag $33/oz · Cu $13,700/t · Sb $30,000/t · GT/MCap uses C$ mkt cap at July 6, 2026
SPMC AuEq as reported by PR (aggressive price deck) · BRVO PGM+Au not convertible to AuEq. Deposit type shown under metal symbol.
Not Screened
Gold Hart Copper (HART · TSX-V) — Tolita, Vicuña District, Chile. DDHTOL01 reported "738m of continuous mineralization" to 1,053m depth but disclosed no assay grades — not screenable until numbers are published.
Canamera Energy Metals (EMET · CSE) — Turvolândia, Brazil. Best intercept: 8m of 2,238 ppm TREO (ionic clay). NdPr% not reported, AuEq not computable; the GT framework also understates ionic-clay economics.
Refined Energy (RUU · CSE) — Dufferin West, Athabasca Basin. Final winter results: max 5 ppm U — no significant mineralization.
Dakota Gold (DC · NYSE American) — Richmond Hill, South Dakota. Outside TSX/TSX-V/CSE coverage.
Canamera Energy Metals (EMET · CSE) — Turvolândia, Brazil. Best intercept: 8m of 2,238 ppm TREO (ionic clay). NdPr% not reported, AuEq not computable; the GT framework also understates ionic-clay economics.
Refined Energy (RUU · CSE) — Dufferin West, Athabasca Basin. Final winter results: max 5 ppm U — no significant mineralization.
Dakota Gold (DC · NYSE American) — Richmond Hill, South Dakota. Outside TSX/TSX-V/CSE coverage.
THE FIRST ASSAY
thefirstassay.com
Au $3,200/oz · Ag $33/oz · Cu $13,700/t
Not investment advice.
Not investment advice.
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