A 1.21-metre piece of core from northwestern British Columbia assayed 30.46% antimony, and it still isn’t the lead. Central Yukon is. Cascadia Minerals and Selkirk Copper, drilling 35 kilometers apart in the Minto Copper Belt, each reported intercepts that rank among the best ever drilled on their properties.
Cascadia Minerals Hits 2.18% CuEq Over 75.55 Metres at Carmacks
Cascadia Minerals Ltd. (TSXV: CAM; OTCQB: CAMNF) reported on October 1 that hole CD-26-058 at its Carmacks project returned 75.55 metres grading 1.19% copper, 0.97 g/t gold, 10.4 g/t silver and 335 ppm molybdenum, or 2.18% copper equivalent (CuEq). The best stretch ran 14.50 metres at 5.08% CuEq. Hole CD-26-059, 82 metres farther north, added 93.99 metres at 1.94% CuEq.
Location matters more than grade here. Both holes sit in the gap between Zone 2000S and Zone 147, ground left out of the 2022 resource estimate because historical drilling suggested Zone 2000S stopped short of it. This year’s drilling has doubled that zone’s known strike length.
None of it is in the resource yet. Carmacks carries a Measured and Indicated resource of 36.3 million tonnes at 0.81% copper and 0.26 g/t gold, and these intercepts sit outside it. True widths run an estimated 60-70% of drilled length. CuEq uses US$4.00/lb copper, US$2,500/oz gold, US$30/oz silver and US$20/lb molybdenum, with recoveries from the 2023 preliminary economic assessment (PEA). Six more holes from this area are pending, and drilling runs to mid-October. Market cap: roughly C$110.7 million.
Selkirk Copper Drills 15.11% CuEq Over 5.4 Metres at Minto North
Selkirk Copper Mines Inc. (TSXV: SCMI; OTCQX: SKRKF) reported on September 29 that hole 26SCM209 at Minto North returned 5.4 metres of 9.27% copper, 7.43 g/t gold and 54.9 g/t silver, or 15.11% CuEq. It was a 35-metre step-out. The company ranks the grade in the 99th percentile of more than 4,300 significant intercepts in Minto’s historical database.
Minto is a past-producing mine Selkirk plans to restart. Most of this program is infill drilling, tightening hole spacing inside the existing June 2026 resource to raise confidence ahead of a planned feasibility study. Not every hole delivered. Four of nine Copper Keel holes returned no significant intercept, and two Minto Main holes came in below expected grade.
The pace stands out. Selkirk drilled 98,467 metres in its first year, roughly a C$45 million spend, and Phase 2 has reached 52,485 metres with drilling set to run to mid-October. True widths are estimated at 80-90% of core length. CuEq uses US$4.60/lb copper, US$3,300/oz gold and US$40/oz silver with historical recoveries. The Selkirk First Nation indirectly holds a controlling stake. Market cap sits near C$201 million.
Canagold Returns 30.46% Antimony and 49.10 g/t Gold at New Polaris
Canagold Resources Ltd. (TSX: CCM; OTCQB: CRCUF) reported on October 1 that hole NP26-01 at its New Polaris gold project returned 13.20 metres of 3.83% antimony and 19.38 g/t gold, including that 1.21-metre interval at 30.46% antimony and 49.10 g/t gold. NP26-02 added 6.06 metres at 3.90% antimony and 14.97 g/t gold.
CEO Catalin Kilofliski said these are the highest antimony grades over the widest intervals the project has produced, and that antimony could become a meaningful contributor to New Polaris economics. That second part is the CEO’s view.
Intercepts are core lengths. Canagold says there isn’t enough drilling yet to know vein orientation, so true widths are unknown. New Polaris has an existing resource dating to 2023, and this was infill and expansion drilling. The release covers five of 14 holes. Canagold closed a $7.1 million financing on September 18, less than two weeks before these results. Market cap: about C$162 million.
Frequently Asked Questions
No. The new intercepts sit outside the current Measured and Indicated resource, and the October 1 release gives no timeline for an updated estimate.
To convert Indicated and Inferred tonnes into higher-confidence categories for a planned feasibility study. Selkirk says assays will keep coming through fall and winter 2026, with roughly eight-week lab turnaround.
The October 1 release covers five holes from a completed 7,277-metre program. Canagold did not give a date for the remaining results.
No. Carmacks and Minto are separate deposits in the Minto Copper Belt, with Carmacks sitting 35 kilometers southeast of the Minto mine.
Sources
- Junior Mining Network / Canada Newswire: Cascadia Steps Out and Drills 75.55 m of 1.19% Cu and 0.97 g/t Au (2.18% CuEq) at the Carmacks Project, Yukon, October 1, 2026
- Junior Mining Network / Newsfile: Selkirk Copper Drills 9.3% Cu, 7.4 g/t Au and 54.9 g/t Ag (15.1% CuEq) over 5.4 Metres at Minto North, September 29, 2026
- Junior Mining Network / Newsfile: Canagold Resources Drills 30.46% Antimony and 49.10 Gold over 1.21m at New Polaris, October 1, 2026
- Junior Mining Network / Newsfile: Canagold Resources Arranged and Closed $7.1 M Financing, September 18, 2026
Editorial Disclosure
This analysis is based entirely on publicly available information including company press releases sourced from named wire services. Securities discussed: Cascadia Minerals Ltd. (TSXV: CAM; OTCQB: CAMNF), Selkirk Copper Mines Inc. (TSXV: SCMI; OTCQX: SKRKF), and Canagold Resources Ltd. (TSX: CCM; OTCQB: CRCUF). aktiego.com has not received any compensation from any company mentioned, their management, investor relations representatives, or any third party. No staff member or principal of aktiego.com holds a position in any security mentioned at the time of publication. Release dates verified: Cascadia, October 1, 2026 (Canada Newswire); Selkirk, September 29, 2026 (Newsfile); Canagold, October 1, 2026 (Newsfile). NI 43-101 refers to National Instrument 43-101, Canada’s standard for public disclosure of mineral project information. Cascadia: lab-assayed core; intercepts sit outside the existing NI 43-101 resource and are not included in it; true widths estimated at 60-70% of drilled length; CuEq uses company-stated prices (US$4.00/lb Cu, US$2,500/oz Au, US$30/oz Ag, US$20/lb Mo) and 2023 PEA recoveries. Selkirk: lab-assayed core; drilling is largely infill within an existing NI 43-101 resource (effective June 10, 2026); true widths estimated at 80-90% of core length; CuEq uses company-stated prices (US$4.60/lb Cu, US$3,300/oz Au, US$40/oz Ag) and recoveries from historical processing results; several reported holes returned no significant intercept. Canagold: lab-assayed core; drilling is infill and expansion at an existing NI 43-101 resource (2023); intercepts are core lengths and true widths are unknown; no equivalent grade reported; equity financing closed September 18, 2026. Forward-looking commentary is opinion only. References to individual companies do not constitute investment recommendations. Small cap and micro-cap stocks listed on the CSE, TSX, TSXV, and Nasdaq are speculative investments carrying significant risk including potential total loss of capital. Coverage on aktiego.com is provided for informational and educational purposes only. aktiego.com is not a registered investment advisor. Nothing in this article constitutes financial, investment, or professional advice. Readers are encouraged to conduct their own due diligence and consult a qualified financial advisor before making any investment decisions. For more information please see our full DISCLAIMER.
